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Dodge & Cox – Largest Position Reductions (2025 Q3)

This report summarizes the most meaningful reductions and sell-offs made by Dodge & Cox in 2025 Q3. The analysis highlights which positions were trimmed or exited, providing insight into how the investor adjusted risk exposure and portfolio strategy.

Symbol Shares Reported Price(USD) Action Change % Portfolio Weight Position Value Filing Period
SCHW 57,314,435 $95.47 Reduced -1.07% 4.62% $5.47B 2025 Q3
RTX 27,136,100 $167.33 Reduced -4.25% 3.83% $4.54B 2025 Q3
JCI 32,173,117 $109.95 Reduced -4.26% 2.99% $3.54B 2025 Q3
BK 26,323,224 $108.96 Reduced -6.58% 2.42% $2.87B 2025 Q3
MSFT 4,910,700 $517.95 Reduced -3.25% 2.15% $2.54B 2025 Q3
GILD 22,627,412 $111 Reduced -1.35% 2.12% $2.51B 2025 Q3
SNY 53,107,424 $47.2 Reduced -3.67% 2.12% $2.51B 2025 Q3
AMZN 10,673,500 $219.57 Reduced -2.95% 1.98% $2.34B 2025 Q3
WFC 27,828,841 $83.82 Reduced -24.62% 1.97% $2.33B 2025 Q3
META 2,722,300 $734.38 Reduced -5.07% 1.69% $2B 2025 Q3
COF 8,903,135 $212.58 Reduced -4.49% 1.60% $1.89B 2025 Q3
BKNG 338,230 $5399.27 Reduced -6.86% 1.54% $1.83B 2025 Q3
TEL 7,937,375 $219.53 Reduced -3.73% 1.47% $1.74B 2025 Q3
GOOG 6,900,060 $243.55 Reduced -1.79% 1.42% $1.68B 2025 Q3
BUD 27,510,185 $59.61 Reduced -4.76% 1.38% $1.64B 2025 Q3
GE 4,411,600 $300.82 Reduced -33.43% 1.12% $1.33B 2025 Q3
GS 1,581,200 $796.35 Reduced -34.82% 1.06% $1.26B 2025 Q3
COP 7,617,834 $94.59 Reduced -7.82% 0.61% $720.57M 2025 Q3
FOXA 10,676,375 $63.06 Reduced -4.04% 0.57% $673.25M 2025 Q3
TMUS 2,798,837 $239.38 Reduced -9.18% 0.57% $669.99M 2025 Q3
ALNY 1,455,416 $456 Reduced -28.59% 0.56% $663.67M 2025 Q3
SATS 8,472,509 $76.36 Reduced -8.91% 0.55% $646.96M 2025 Q3
STT 5,436,700 $116.01 Reduced -8.78% 0.53% $630.71M 2025 Q3
BAC 10,676,300 $51.59 Reduced -14.29% 0.46% $550.79M 2025 Q3
RAL 6,854,266 $43.73 Reduced -0.00% 0.25% $299.74M 2025 Q3
BMY 5,307,239 $45.1 Reduced -12.36% 0.20% $239.36M 2025 Q3
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