V. D. Dodge, E. M. Cox - Dodge & Cox Stock Fund 13F Activity & Position Changes (Q4 2025)

According to the SEC 13F filed on Feb 13, 2026, the Dodge & Cox Stock Fund portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q4 2025, the filing reported:

New Buys - Arthur J. Gallagher & Co., Atour Lifestyle Holdings Limite, Brookfield Corporation, First Citizens BancShares, Inc., PDD Holdings Inc., and 3 more

Increases - Apple Inc., Ambev S.A., Adobe Inc., Archer-Daniels-Midland Company, Afya, and 34 more

Reductions - AbbVie Inc., ACM Research, Inc., Analog Devices, Inc., Aegon Ltd. New York Registry Sh, American Electric Power Company, and 113 more

Complete Exits - Affiliated Managers Group, Inc., Gap, Inc. (The), Halliburton Company, Teck Resources Ltd, Grupo Televisa S.A.B., and 2 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2025	AAPL Apple Inc.	Apple Inc.	Buy	+485	+1.5%	$8.65M	31,807
Q4 2025	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-80	-0.8%	$2.37M	10,393
Q4 2025	ABEV Ambev S.A.	Ambev S.A.	Buy	+20,000	+7.2%	$731.86K	296,300
Q4 2025	ACMR ACM Research, Inc.	ACM Research, Inc.	Sell	-10,500	-8.5%	$4.43M	112,392
Q4 2025	ADBE Adobe Inc.	Adobe Inc.	Buy	+570,969	+35.8%	$757.54M	2,164,475
Q4 2025	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-10,030	-32.6%	$5.63M	20,775
Q4 2025	ADM Archer-Daniels-Midland Company	Archer-Daniels-Midland Company	Buy	+2,016,101	+13.4%	$982.20M	17,084,645
Q4 2025	AEG Aegon Ltd. New York Registry Sh	Aegon Ltd. New York Registry Sh	Sell	-15,260,674	-17.8%	$543.73M	70,522,831
Q4 2025	AEP American Electric Power Company	American Electric Power Company	Sell	-180,976	-1.9%	$1.08B	9,342,540
Q4 2025	AFYA Afya	Afya	Buy	+125	+0.4%	$545.31K	35,387
Q4 2025	AJG Arthur J. Gallagher & Co.	Arthur J. Gallagher & Co.	Buy - Position Entry	+880,585	-	$227.89M	880,585
Q4 2025	ALNY Alnylam Pharmaceuticals, Inc.	Alnylam Pharmaceuticals, Inc.	Sell	-356,815	-15.4%	$781.15M	1,964,415
Q4 2025	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Sell - Position Exit	-2,400	-100.0%	$0.00	-
Q4 2025	AMRZ Amrize	Amrize	Sell	-401,100	-6.9%	$293.37M	5,385,441
Q4 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-1,065,936	-6.5%	$3.52B	15,230,394
Q4 2025	AON Aon Plc	Aon Plc	Buy	+4,387,773	+126.6%	$2.77B	7,852,456
Q4 2025	APA APA Corporation	APA Corporation	Sell	-12,700	-36.1%	$550.35K	22,500
Q4 2025	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy	+231,718	+2.6%	$2.28B	9,236,610
Q4 2025	ATAT Atour Lifestyle Holdings Limite	Atour Lifestyle Holdings Limite	Buy - Position Entry	+28,152	-	$1.11M	28,152
Q4 2025	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-450	-2.1%	$7.12M	20,580
Q4 2025	AVTR Avantor, Inc.	Avantor, Inc.	Sell	-681,745	-0.6%	$1.34B	117,065,143
Q4 2025	AXP American Express Company	American Express Company	Sell	-52,943	-15.3%	$108.23M	292,549
Q4 2025	AZN Astrazeneca PLC	Astrazeneca PLC	Sell	-16,445	-12.0%	$11.13M	121,043
Q4 2025	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-958,500	-8.7%	$1.47B	10,016,870
Q4 2025	BAC Bank of America Corporation	Bank of America Corporation	Sell	-13,337,999	-86.9%	$110.50M	2,009,022
Q4 2025	BAP Credicorp	Credicorp	Sell	-1,028,775	-21.0%	$1.11B	3,870,940
Q4 2025	BAX Baxter International Inc.	Baxter International Inc.	Sell	-396,400	-0.7%	$1.09B	56,999,970
Q4 2025	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-4,387,885	-99.6%	$2.16M	16,530
Q4 2025	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-9,031,705	-25.9%	$3.00B	25,811,239
Q4 2025	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+56,999	+8.4%	$3.92B	732,081

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