DODGE & COX

Dodge & Cox closed Q1 2026 with $182.0B in just 222 holdings — among the most concentrated large books in the 13F universe — down modestly from $185.3B. True to its value discipline, the portfolio is led by Johnson Controls (4.14%), Charles Schwab (3.87%) and a major new $6.8B RTX position, the quarter's standout. Other fresh stakes include Sunbelt Rentals ($3.5B), Suncor ($1.7B) and Carrier ($1.5B), while the firm sold down GE (-$1.6B), Goldman Sachs (-$1.5B) and Alibaba (-$1.5B).