Dodge & Cox Stock Fund Q1 2026: Focus on Tech and Selective Reductions
Dodge & Cox Stock Fund's portfolio as of March 31, 2026, shows significant increases in Microsoft and Booking Holdings, alongside notable decreases in several holdings.
The Dodge & Cox Stock Fund, as reported on
Among the most notable movements during the quarter were substantial increases in certain holdings. The fund significantly boosted its position in Microsoft Corp. (MSFT), increasing its share count by 51.93%. Similarly, Booking Holdings, Inc. (BKNG) saw a substantial 47.76% increase in its share count, indicating strong confidence in these technology and consumer cyclical stocks.
Conversely, the fund reduced its exposure in several other sectors. CVS Health Corp. (CVS) experienced a significant decrease of 29.24% in its share count, while FedEx Corp. (FDX) saw a sharp reduction of 38.47%. Other notable decreases included declines in Johnson Controls (JCI), Charles Schwab (SCHW), RTX Corp. (RTX), Occidental Petroleum (OXY), MetLife (MET), and Alphabet (GOOG), all registering double-digit share reductions.
For a detailed breakdown of these holdings and their performance, readers can explore the individual stock profiles on
Overall, the fund's actions in Q1 2026 reflect a strategic tilt towards technology and selective reduction in other sectors.