Dodge & Cox Funds

2026Q1 · filed May 14, 2026222 positions · $181.98Btop-5 17%

2026Q1 brief

Dodge & Cox's $182B diversified book moved deliberately in Q1 2026, with the most telling action being a 61% build in MSFT (now 2.4% of AUM, ~$4.4B) and a 36% addition to BKNG (2.3%)—both atypical for a deep-value house, suggesting growing comfort with quality-compounders at current valuations. The initiation of SunBelt Rentals parent SUNB at 1.9% and a near-8x explosion in AJG (Arthur J. Gallagher, +735% to 0.9%) are the contrarian highlights: both are non-consensus adds in equipment rental and specialty insurance, sectors other super-investors have largely ignored. Offsetting moves include a 48% cut to SNY, further trimming of rail names FDX and NSC, and a continued pare of European pharma (NVS -23%). Johnson Controls remains the single largest holding at 4.1%, a position that looks increasingly idiosyncratic as peers rotate away from industrial conglomerates. Watch whether the AJG position matures into a top-20 holding next quarter—at current trajectory it could signal a broader insurance sector rotation.

AI-generated. Not investment advice.

Holdings (222) · click any column to sort

#↑	Ticker	Issuer	% Port.	This Q	History	Value
1	JCI	Johnson Controls International Plc	4.1%		39q held	$7.53B
2	SCHW	Schwab (charles) Corp	3.9%		40q held	$7.05B
3	RTX	Rtx Corp	3.8%		24q held	$6.84B
4	OXY	Occidental Petroleum Corp	2.6%		40q held	$4.82B
5	MSFT	Microsoft Corp	2.4%	+61%	40q held	$4.43B
6	BKNG	Booking Holdings Inc	2.3%	+36%	33q held	$4.20B
7	CVS	Cvs Health Corp	2.0%		31q held	$3.72B
8	MET	Metlife Inc	2.0%		40q held	$3.61B
9	FDX	Fedex Corp	2.0%	-36%	40q held	$3.56B
10	GOOG	Alphabet Inc-cl C	1.9%		40q held	$3.51B
11	SUNB	Sunbelt Rentals Holdings Inc	1.9%	New	— 1q held	$3.46B
12	REGN	Regeneron Pharmaceuticals	1.9%		18q held	$3.44B
13	GILD	Gilead Sciences Inc	1.9%		40q held	$3.38B
14	CMCSA	Comcast Corp-class A	1.8%		40q held	$3.25B
15	GSK	Gsk Plc-spon Adr	1.8%		15q held	$3.24B
16	CHTR	Charter Communications Inc-a	1.7%		40q held	$3.16B
17	AMZN	Amazon.com Inc	1.7%		40q held	$3.15B
18	CI	The Cigna Group	1.7%		30q held	$3.08B
19	TEL	TE Connectivity Plc	1.7%		7q held	$3.07B
20	GOOGL	Alphabet Inc-cl A	1.7%		40q held	$3.06B
21	META	Meta Platforms Inc-class A	1.6%		24q held	$2.87B
22	FISV	Fiserv Inc	1.5%		22q held	$2.80B
23	BK	Bank OF New York Mellon Corp	1.5%		40q held	$2.78B
24	APD	Air Products & Chemicals Inc	1.5%		40q held	$2.68B
25	IFF	Intl Flavors & Fragrances	1.5%		10q held	$2.65B
26	AON	Aon Plc	1.4%		3q held	$2.62B
27	UNH	Unitedhealth Group Inc	1.4%		40q held	$2.56B
28	WFC	Wells Fargo & CO	1.4%		40q held	$2.48B
29	BN	Brookfield Corp	1.3%	+43%	2q held	$2.40B
30	FTV	Fortive Corp	1.3%		8q held	$2.39B
31	FIS	Fidelity National Info Serv	1.3%		17q held	$2.30B
32	GEHC	GE Healthcare Technology	1.2%		13q held	$2.23B
33	BKR	Baker Hughes CO	1.2%		35q held	$2.19B
34	WTW	Willis Towers Watson Plc	1.2%		4q held	$2.13B
35	ZBH	Zimmer Biomet Holdings Inc	1.2%		17q held	$2.13B
36	SBAC	Sba Communications Corp	1.1%		7q held	$2.08B
37	BUD	Anheuser-busch Inbev-spn Adr	1.1%		18q held	$2.06B
38	HUM	Humana Inc	1.1%		8q held	$1.97B
39	SUI	Sun Communities Inc	1.0%		9q held	$1.80B
40	NSC	Norfolk Southern Corp	1.0%	-35%	40q held	$1.80B
41	SU	Suncor Energy Inc	1.0%		39q held	$1.74B
42	ELAN	Elanco Animal Health Inc	0.9%		20q held	$1.65B
43	COF	Capital One Financial Corp	0.9%		40q held	$1.60B
44	AJG	Arthur J Gallagher & CO	0.9%	+735%	2q held	$1.59B
45	CARR	Carrier Global Corp	0.8%	+98%	24q held	$1.50B
46	HLN	Haleon Plc-adr	0.8%		15q held	$1.47B
47	SNY	Sanofi-adr	0.8%	-48%	40q held	$1.42B
48	CPNG	Coupang Inc	0.7%	+46%	8q held	$1.36B
49	N53745100	Lyondellbasell Industries NV	0.7%		24q held	$1.36B
50	UBS	Ubs Group AG	0.7%		31q held	$1.31B
51	TMUS	T-mobile US Inc	0.7%		24q held	$1.29B
52	COP	Conocophillips	0.7%		40q held	$1.27B
53	LPLA	Lpl Financial Holdings Inc	0.7%		7q held	$1.25B
54	BABA	Alibaba Group Holding-sp Adr	0.7%		30q held	$1.24B
55	D	Dominion Energy Inc	0.7%		36q held	$1.20B
56	ROP	Roper Technologies Inc	0.7%	New	2q held	$1.18B
57	GS	Goldman Sachs Group Inc	0.6%		40q held	$1.17B
58	G2519Y108	Credicorp, Ltd.	0.6%		23q held	$1.16B
59	INCY	Incyte Corp	0.6%		30q held	$1.15B
60	AEP	American Electric Power	0.6%		9q held	$1.15B
61	ADM	Archer-daniels-midland CO	0.6%		4q held	$1.15B
62	TRU	Transunion	0.6%	+64%	2q held	$1.12B
63	NVS	Novartis Ag-sponsored Adr	0.6%	-23%	40q held	$1.06B
64	CE	Celanese Corp	0.6%		40q held	$1.01B
65	CX	Cemex Sab-spons Adr Part Cer	0.5%		40q held	$975M
66	TDY	Teledyne Technologies Inc	0.5%		4q held	$971M
67	BAX	Baxter International Inc	0.5%		32q held	$962M
68	AVTR	Avantor Inc	0.5%		11q held	$938M
69	CTSH	Cognizant Tech Solutions-a	0.5%		28q held	$876M
70	BMRN	Biomarin Pharmaceutical Inc	0.5%		26q held	$823M
71	HPQ	HP Inc	0.4%	+21%	40q held	$799M
72	TAP	Molson Coors Beverage CO - B	0.4%		32q held	$798M
73	FCNCA	First Citizens Bcshs -cl A	0.4%	+1145%	2q held	$741M
74	NBIX	Neurocrine Biosciences Inc	0.4%		11q held	$719M
75	NVO	Novo-nordisk A/s-spons Adr	0.4%	New	— 1q held	$711M
76	MDT	Medtronic Plc	0.4%		40q held	$667M
77	LIN	Linde Plc	0.4%		13q held	$658M
78	ALNY	Alnylam Pharmaceuticals Inc	0.4%		40q held	$638M
79	FOXA	Fox Corp - Class A	0.3%		29q held	$636M
80	G98239109	Xp, Inc.	0.3%		18q held	$623M
81	L6388F110	Millicom International Cellular SA	0.3%		5q held	$612M
82	ADBE	Adobe Inc	0.3%		40q held	$607M
83	GLPI	Gaming And Leisure Propertie	0.3%		17q held	$597M
84	RAL	Ralliant Corp	0.3%		4q held	$572M
85	VFC	VF Corp	0.3%		15q held	$561M
86	TRP	TC Energy Corp	0.3%		23q held	$557M
87	PDD	Pdd Holdings Inc	0.3%		2q held	$464M
88	STT	State Street Corp	0.2%	-26%	40q held	$443M
89	YUMC	Yum China Holdings Inc	0.2%		20q held	$407M
90	MCHP	Microchip Technology Inc	0.2%		31q held	$396M
91	FOX	Fox Corp - Class B	0.2%		29q held	$381M
92	AEG	Aegon Ltd-ny Reg Shr	0.2%	-28%	10q held	$367M
93	JD	Jd.com Inc-adr	0.2%		40q held	$361M
94	BNTX	Biontech Se-adr	0.2%		4q held	$327M
95	NWSA	News Corp - Class A	0.2%		40q held	$306M
96	BMY	Bristol-myers Squibb CO	0.2%	-35%	40q held	$280M
97	NTES	Netease Inc-adr	0.1%		20q held	$241M
98	GE	General Electric	0.1%	-86%	19q held	$209M
99	VSNT	Versant Media Group Inc	0.1%	New	— 1q held	$167M
100	ITUB	Itau Unibanco H-spon Prf Adr	0.1%		39q held	$161M
101	HDB	Hdfc Bank Ltd-adr	0.1%		10q held	$142M
102	COHR	Coherent Corp	0.1%		15q held	$133M
103	GEV	GE Vernova Inc	0.1%		8q held	$113M
104	BAC	Bank OF America Corp	<0.1%		40q held	$89M
105	FMS	Fresenius Medical Care-adr	<0.1%		17q held	$86M
106	AXP	American Express CO	<0.1%		40q held	$84M
107	WMB	Williams Cos Inc	<0.1%		24q held	$70M
108	CDNS	Cadence Design Sys Inc	<0.1%		40q held	$64M
109	FLUT	Flutter Entertainment Plc	<0.1%		9q held	$64M
110	UNP	Union Pacific Corp	<0.1%		40q held	$63M
111	LBTYA	Liberty Global, Ltd.	<0.1%	-21%	10q held	$62M
112	CVX	Chevron Corp	<0.1%		40q held	$42M
113	LLY	Eli Lilly & CO	<0.1%		40q held	$39M
114	TSM	Taiwan Semiconductor-sp Adr	<0.1%		10q held	$36M
115	JPM	Jpmorgan Chase & CO	<0.1%		40q held	$35M
116	G6375R107	National Energy Services Reunited Corp.	<0.1%		14q held	$34M
117	CAT	Caterpillar Inc	<0.1%		40q held	$28M
118	TRV	Travelers Cos Inc/the	<0.1%		40q held	$27M
119	G61188101	Liberty Global, Ltd.	<0.1%	-52%	10q held	$26M
120	DIS	Walt Disney Co/the	<0.1%		40q held	$26M
121	WMT	Walmart Inc	<0.1%		40q held	$22M
122	MRK	Merck & Co. Inc.	<0.1%		40q held	$16M
123	KSPI	Jsc Kaspi.kz Adr	<0.1%		9q held	$16M
124	PG	Procter & Gamble Co/the	<0.1%		40q held	$13M
125	TMO	Thermo Fisher Scientific Inc	<0.1%		40q held	$13M
126	XOM	Exxon Mobil Corp	<0.1%		40q held	$13M
127	TGT	Target Corp	<0.1%		40q held	$12M
128	AZN	Astrazeneca Plc	<0.1%	New	— 1q held	$11M
129	IBM	Intl Business Machines Corp	<0.1%		40q held	$11M
130	CSCO	Cisco Systems Inc	<0.1%	-36%	40q held	$8M
131	AAPL	Apple Inc	<0.1%		40q held	$8M
132	HD	Home Depot Inc	<0.1%		40q held	$7M
133	DE	Deere & CO	<0.1%		40q held	$7M
134	VMC	Vulcan Materials CO	<0.1%		40q held	$7M
135	ADI	Analog Devices Inc	<0.1%		19q held	$6M
136	AVGO	Broadcom Inc	<0.1%		10q held	$6M
137	SLB	Slb Ltd	<0.1%	-38%	40q held	$6M
138	BSX	Boston Scientific Corp	<0.1%		40q held	$6M
139	BRK/B	Berkshire Hathaway Inc-cl B	<0.1%		40q held	$5M
140	JNJ	Johnson & Johnson	<0.1%		40q held	$5M
141	SHEL	Shell Plc-adr	<0.1%		17q held	$5M
142	GLW	Corning Inc	<0.1%		40q held	$5M
143	MSI	Motorola Solutions Inc	<0.1%		40q held	$5M
144	ACMR	Acm Research Inc-class A	<0.1%		7q held	$5M
145	AMGN	Amgen Inc	<0.1%		40q held	$5M
146	SNPS	Synopsys Inc	<0.1%		40q held	$4M
147	MELI	Mercadolibre Inc	<0.1%	+43%	3q held	$3M
148	TBBB	Bbb Foods, Inc.	<0.1%	New	— 1q held	$3M
149	DHR	Danaher Corp	<0.1%		40q held	$3M
150	DELL	Dell Technologies -C	<0.1%		30q held	$3M
151	BIDU	Baidu Inc - Spon Adr	<0.1%	+66%	40q held	$3M
152	VIPS	Vipshop Holdings Ltd - Adr	<0.1%	+54%	19q held	$3M
153	PNC	Pnc Financial Services Group	<0.1%		40q held	$3M
154	BRK/A	Berkshire Hathaway Inc-cl A	<0.1%		40q held	$3M
155	PM	Philip Morris International	<0.1%		40q held	$3M
156	PFE	Pfizer Inc	<0.1%		40q held	$2M
157	JOYY	Joyy Inc-adr	<0.1%		16q held	$2M
158	TCOM	Trip.com Group Ltd-adr	<0.1%	+156%	19q held	$2M
159	SPGI	S&p Global Inc	<0.1%		40q held	$2M
160	ABBV	Abbvie Inc	<0.1%		40q held	$2M
161	PH	Parker Hannifin Corp	<0.1%		40q held	$2M
162	NEE	Nextera Energy Inc	<0.1%		40q held	$2M
163	Y4600W108	Karooooo, Ltd.	<0.1%	+73%	2q held	$2M
164	MCD	Mcdonald's Corp	<0.1%		40q held	$2M
165	HPE	Hewlett Packard Enterprise	<0.1%		40q held	$2M
166	KO	Coca-cola Co/the	<0.1%		40q held	$2M
167	HON	Honeywell International Inc	<0.1%		40q held	$2M
168	ABT	Abbott Laboratories	<0.1%		40q held	$2M
169	CTVA	Corteva Inc	<0.1%		28q held	$2M
170	LVS	Las Vegas Sands Corp	<0.1%		15q held	$2M
171	ZH	Zhihu Inc - Adr	<0.1%	+51%	3q held	$1M
172	MO	Altria Group Inc	<0.1%		40q held	$1M
173	CL	Colgate-palmolive CO	<0.1%		40q held	$1M
174	MMM	3M CO	<0.1%		40q held	$1M
175	EBAY	Ebay Inc	<0.1%		40q held	$1M
176	NUE	Nucor Corp	<0.1%		40q held	$1M
177	ATAT	Atour Lifestyle Holdings-adr	<0.1%		2q held	$1M
178	G0457F107	Arcos Dorados Holdings, Inc.	<0.1%		6q held	$932K
179	PSMT	Pricesmart Inc	<0.1%		3q held	$926K
180	APA	Apa Corp	<0.1%		21q held	$912K
181	ABEV	Ambev Sa-adr	0.0%		6q held	$894K
182	G38327105	Geopark, Ltd.	0.0%		15q held	$884K
183	TFC	Truist Financial Corp	0.0%		26q held	$880K
184	P5626F128	Intercorp Financial Services, Inc.	0.0%		10q held	$873K
185	DEO	Diageo Plc-sponsored Adr	0.0%		40q held	$825K
186	N4732M103	Jbs NV	0.0%	+164%	4q held	$804K
187	LOMA	Loma Negra Cia Ind-spon Adr	0.0%	+66%	17q held	$800K
188	Q	Qnity Electronics Inc	0.0%		2q held	$776K
189	G01125106	Afya, Ltd.	0.0%	+45%	13q held	$763K
190	LAUR	Laureate Education Inc	0.0%	+38%	4q held	$756K
191	BLK	Blackrock Inc	0.0%		6q held	$684K
192	MDLZ	Mondelez International Inc-a	0.0%		40q held	$682K
193	P31076105	Copa Holdings SA	0.0%	+52%	15q held	$682K
194	DD	Dupont DE Nemours Inc	0.0%		28q held	$672K
195	AMP	Ameriprise Financial Inc	0.0%		40q held	$667K
196	G69451105	Patria Investments, Ltd.	0.0%	+148%	5q held	$663K
197	PBR	Petroleo Brasileiro-spon Adr	0.0%		20q held	$647K
198	NVDA	Nvidia Corp	0.0%		4q held	$593K
199	G29018101	Dlocal, Ltd.	0.0%	+22%	8q held	$580K
200	ALL	Allstate Corp	0.0%		40q held	$538K
201	MCO	Moody's Corp	0.0%		40q held	$529K
202	GPC	Genuine Parts CO	0.0%		40q held	$492K
203	PEP	Pepsico Inc	0.0%		40q held	$478K
204	PSX	Phillips 66	0.0%		40q held	$474K
205	LMT	Lockheed Martin Corp	0.0%		31q held	$468K
206	OTIS	Otis Worldwide Corp	0.0%	-62%	24q held	$463K
207	ASR	Grupo Aeroportuario Sur-adr	0.0%	-26%	6q held	$420K
208	GIS	General Mills Inc	0.0%		40q held	$417K
209	DOW	Dow Inc	0.0%		28q held	$405K
210	ELV	Elevance Health Inc	0.0%		40q held	$381K
211	CTAS	Cintas Corp	0.0%		16q held	$304K
212	UL	Unilever Plc-sponsored Adr	0.0%		2q held	$299K
213	RIO	Rio Tinto Plc-spon Adr	0.0%		39q held	$280K
214	VZ	Verizon Communications Inc	0.0%		39q held	$276K
215	V	Visa Inc-class A Shares	0.0%		40q held	$260K
216	MGM	Mgm Resorts International	0.0%		6q held	$241K
217	CB	Chubb, Ltd.	0.0%		32q held	$235K
218	PPG	Ppg Industries Inc	0.0%		39q held	$235K
219	ISRG	Intuitive Surgical Inc	0.0%		12q held	$230K
220	LYV	Live Nation Entertainment IN	0.0%	-57%	6q held	$229K
221	HAL	Halliburton CO	0.0%	New	39q held	$214K
222	CIG	Cia Energetica De-spon Adr	0.0%		6q held	$36K

Sort↑

1JCI
4.1%
$7.53B
Johnson Controls International Plc
this Q hold·39q
2SCHW
3.9%
$7.05B
Schwab (charles) Corp
this Q hold·40q
3RTX
3.8%
$6.84B
Rtx Corp
this Q hold·24q
4OXY
2.6%
$4.82B
Occidental Petroleum Corp
this Q hold·40q
5MSFT
2.4%
$4.43B
Microsoft Corp
this Q +61%·40q
6BKNG
2.3%
$4.20B
Booking Holdings Inc
this Q +36%·33q
7CVS
2.0%
$3.72B
Cvs Health Corp
this Q hold·31q
8MET
2.0%
$3.61B
Metlife Inc
this Q hold·40q
9FDX
2.0%
$3.56B
Fedex Corp
this Q -36%·40q
10GOOG
1.9%
$3.51B
Alphabet Inc-cl C
this Q hold·40q
11SUNB
1.9%
$3.46B
Sunbelt Rentals Holdings Inc
this Q New·—1q
12REGN
1.9%
$3.44B
Regeneron Pharmaceuticals
this Q hold·18q
13GILD
1.9%
$3.38B
Gilead Sciences Inc
this Q hold·40q
14CMCSA
1.8%
$3.25B
Comcast Corp-class A
this Q hold·40q
15GSK
1.8%
$3.24B
Gsk Plc-spon Adr
this Q hold·15q
16CHTR
1.7%
$3.16B
Charter Communications Inc-a
this Q hold·40q
17AMZN
1.7%
$3.15B
Amazon.com Inc
this Q hold·40q
18CI
1.7%
$3.08B
The Cigna Group
this Q hold·30q
19TEL
1.7%
$3.07B
TE Connectivity Plc
this Q hold·7q
20GOOGL
1.7%
$3.06B
Alphabet Inc-cl A
this Q hold·40q
21META
1.6%
$2.87B
Meta Platforms Inc-class A
this Q hold·24q
22FISV
1.5%
$2.80B
Fiserv Inc
this Q hold·22q
23BK
1.5%
$2.78B
Bank OF New York Mellon Corp
this Q hold·40q
24APD
1.5%
$2.68B
Air Products & Chemicals Inc
this Q hold·40q
25IFF
1.5%
$2.65B
Intl Flavors & Fragrances
this Q hold·10q
26AON
1.4%
$2.62B
Aon Plc
this Q hold·3q
27UNH
1.4%
$2.56B
Unitedhealth Group Inc
this Q hold·40q
28WFC
1.4%
$2.48B
Wells Fargo & CO
this Q hold·40q
29BN
1.3%
$2.40B
Brookfield Corp
this Q +43%·2q
30FTV
1.3%
$2.39B
Fortive Corp
this Q hold·8q
31FIS
1.3%
$2.30B
Fidelity National Info Serv
this Q hold·17q
32GEHC
1.2%
$2.23B
GE Healthcare Technology
this Q hold·13q
33BKR
1.2%
$2.19B
Baker Hughes CO
this Q hold·35q
34WTW
1.2%
$2.13B
Willis Towers Watson Plc
this Q hold·4q
35ZBH
1.2%
$2.13B
Zimmer Biomet Holdings Inc
this Q hold·17q
36SBAC
1.1%
$2.08B
Sba Communications Corp
this Q hold·7q
37BUD
1.1%
$2.06B
Anheuser-busch Inbev-spn Adr
this Q hold·18q
38HUM
1.1%
$1.97B
Humana Inc
this Q hold·8q
39SUI
1.0%
$1.80B
Sun Communities Inc
this Q hold·9q
40NSC
1.0%
$1.80B
Norfolk Southern Corp
this Q -35%·40q
41SU
1.0%
$1.74B
Suncor Energy Inc
this Q hold·39q
42ELAN
0.9%
$1.65B
Elanco Animal Health Inc
this Q hold·20q
43COF
0.9%
$1.60B
Capital One Financial Corp
this Q hold·40q
44AJG
0.9%
$1.59B
Arthur J Gallagher & CO
this Q +735%·2q
45CARR
0.8%
$1.50B
Carrier Global Corp
this Q +98%·24q
46HLN
0.8%
$1.47B
Haleon Plc-adr
this Q hold·15q
47SNY
0.8%
$1.42B
Sanofi-adr
this Q -48%·40q
48CPNG
0.7%
$1.36B
Coupang Inc
this Q +46%·8q
49N53745100
0.7%
$1.36B
Lyondellbasell Industries NV
this Q hold·24q
50UBS
0.7%
$1.31B
Ubs Group AG
this Q hold·31q
51TMUS
0.7%
$1.29B
T-mobile US Inc
this Q hold·24q
52COP
0.7%
$1.27B
Conocophillips
this Q hold·40q
53LPLA
0.7%
$1.25B
Lpl Financial Holdings Inc
this Q hold·7q
54BABA
0.7%
$1.24B
Alibaba Group Holding-sp Adr
this Q hold·30q
55D
0.7%
$1.20B
Dominion Energy Inc
this Q hold·36q
56ROP
0.7%
$1.18B
Roper Technologies Inc
this Q New·2q
57GS
0.6%
$1.17B
Goldman Sachs Group Inc
this Q hold·40q
58G2519Y108
0.6%
$1.16B
Credicorp, Ltd.
this Q hold·23q
59INCY
0.6%
$1.15B
Incyte Corp
this Q hold·30q
60AEP
0.6%
$1.15B
American Electric Power
this Q hold·9q
61ADM
0.6%
$1.15B
Archer-daniels-midland CO
this Q hold·4q
62TRU
0.6%
$1.12B
Transunion
this Q +64%·2q
63NVS
0.6%
$1.06B
Novartis Ag-sponsored Adr
this Q -23%·40q
64CE
0.6%
$1.01B
Celanese Corp
this Q hold·40q
65CX
0.5%
$975M
Cemex Sab-spons Adr Part Cer
this Q hold·40q
66TDY
0.5%
$971M
Teledyne Technologies Inc
this Q hold·4q
67BAX
0.5%
$962M
Baxter International Inc
this Q hold·32q
68AVTR
0.5%
$938M
Avantor Inc
this Q hold·11q
69CTSH
0.5%
$876M
Cognizant Tech Solutions-a
this Q hold·28q
70BMRN
0.5%
$823M
Biomarin Pharmaceutical Inc
this Q hold·26q
71HPQ
0.4%
$799M
HP Inc
this Q +21%·40q
72TAP
0.4%
$798M
Molson Coors Beverage CO - B
this Q hold·32q
73FCNCA
0.4%
$741M
First Citizens Bcshs -cl A
this Q +1145%·2q
74NBIX
0.4%
$719M
Neurocrine Biosciences Inc
this Q hold·11q
75NVO
0.4%
$711M
Novo-nordisk A/s-spons Adr
this Q New·—1q
76MDT
0.4%
$667M
Medtronic Plc
this Q hold·40q
77LIN
0.4%
$658M
Linde Plc
this Q hold·13q
78ALNY
0.4%
$638M
Alnylam Pharmaceuticals Inc
this Q hold·40q
79FOXA
0.3%
$636M
Fox Corp - Class A
this Q hold·29q
80G98239109
0.3%
$623M
Xp, Inc.
this Q hold·18q
81L6388F110
0.3%
$612M
Millicom International Cellular SA
this Q hold·5q
82ADBE
0.3%
$607M
Adobe Inc
this Q hold·40q
83GLPI
0.3%
$597M
Gaming And Leisure Propertie
this Q hold·17q
84RAL
0.3%
$572M
Ralliant Corp
this Q hold·4q
85VFC
0.3%
$561M
VF Corp
this Q hold·15q
86TRP
0.3%
$557M
TC Energy Corp
this Q hold·23q
87PDD
0.3%
$464M
Pdd Holdings Inc
this Q hold·2q
88STT
0.2%
$443M
State Street Corp
this Q -26%·40q
89YUMC
0.2%
$407M
Yum China Holdings Inc
this Q hold·20q
90MCHP
0.2%
$396M
Microchip Technology Inc
this Q hold·31q
91FOX
0.2%
$381M
Fox Corp - Class B
this Q hold·29q
92AEG
0.2%
$367M
Aegon Ltd-ny Reg Shr
this Q -28%·10q
93JD
0.2%
$361M
Jd.com Inc-adr
this Q hold·40q
94BNTX
0.2%
$327M
Biontech Se-adr
this Q hold·4q
95NWSA
0.2%
$306M
News Corp - Class A
this Q hold·40q
96BMY
0.2%
$280M
Bristol-myers Squibb CO
this Q -35%·40q
97NTES
0.1%
$241M
Netease Inc-adr
this Q hold·20q
98GE
0.1%
$209M
General Electric
this Q -86%·19q
99VSNT
0.1%
$167M
Versant Media Group Inc
this Q New·—1q
100ITUB
0.1%
$161M
Itau Unibanco H-spon Prf Adr
this Q hold·39q
101HDB
0.1%
$142M
Hdfc Bank Ltd-adr
this Q hold·10q
102COHR
0.1%
$133M
Coherent Corp
this Q hold·15q
103GEV
0.1%
$113M
GE Vernova Inc
this Q hold·8q
104BAC
<0.1%
$89M
Bank OF America Corp
this Q hold·40q
105FMS
<0.1%
$86M
Fresenius Medical Care-adr
this Q hold·17q
106AXP
<0.1%
$84M
American Express CO
this Q hold·40q
107WMB
<0.1%
$70M
Williams Cos Inc
this Q hold·24q
108CDNS
<0.1%
$64M
Cadence Design Sys Inc
this Q hold·40q
109FLUT
<0.1%
$64M
Flutter Entertainment Plc
this Q hold·9q
110UNP
<0.1%
$63M
Union Pacific Corp
this Q hold·40q
111LBTYA
<0.1%
$62M
Liberty Global, Ltd.
this Q -21%·10q
112CVX
<0.1%
$42M
Chevron Corp
this Q hold·40q
113LLY
<0.1%
$39M
Eli Lilly & CO
this Q hold·40q
114TSM
<0.1%
$36M
Taiwan Semiconductor-sp Adr
this Q hold·10q
115JPM
<0.1%
$35M
Jpmorgan Chase & CO
this Q hold·40q
116G6375R107
<0.1%
$34M
National Energy Services Reunited Corp.
this Q hold·14q
117CAT
<0.1%
$28M
Caterpillar Inc
this Q hold·40q
118TRV
<0.1%
$27M
Travelers Cos Inc/the
this Q hold·40q
119G61188101
<0.1%
$26M
Liberty Global, Ltd.
this Q -52%·10q
120DIS
<0.1%
$26M
Walt Disney Co/the
this Q hold·40q
121WMT
<0.1%
$22M
Walmart Inc
this Q hold·40q
122MRK
<0.1%
$16M
Merck & Co. Inc.
this Q hold·40q
123KSPI
<0.1%
$16M
Jsc Kaspi.kz Adr
this Q hold·9q
124PG
<0.1%
$13M
Procter & Gamble Co/the
this Q hold·40q
125TMO
<0.1%
$13M
Thermo Fisher Scientific Inc
this Q hold·40q
126XOM
<0.1%
$13M
Exxon Mobil Corp
this Q hold·40q
127TGT
<0.1%
$12M
Target Corp
this Q hold·40q
128AZN
<0.1%
$11M
Astrazeneca Plc
this Q New·—1q
129IBM
<0.1%
$11M
Intl Business Machines Corp
this Q hold·40q
130CSCO
<0.1%
$8M
Cisco Systems Inc
this Q -36%·40q
131AAPL
<0.1%
$8M
Apple Inc
this Q hold·40q
132HD
<0.1%
$7M
Home Depot Inc
this Q hold·40q
133DE
<0.1%
$7M
Deere & CO
this Q hold·40q
134VMC
<0.1%
$7M
Vulcan Materials CO
this Q hold·40q
135ADI
<0.1%
$6M
Analog Devices Inc
this Q hold·19q
136AVGO
<0.1%
$6M
Broadcom Inc
this Q hold·10q
137SLB
<0.1%
$6M
Slb Ltd
this Q -38%·40q
138BSX
<0.1%
$6M
Boston Scientific Corp
this Q hold·40q
139BRK/B
<0.1%
$5M
Berkshire Hathaway Inc-cl B
this Q hold·40q
140JNJ
<0.1%
$5M
Johnson & Johnson
this Q hold·40q
141SHEL
<0.1%
$5M
Shell Plc-adr
this Q hold·17q
142GLW
<0.1%
$5M
Corning Inc
this Q hold·40q
143MSI
<0.1%
$5M
Motorola Solutions Inc
this Q hold·40q
144ACMR
<0.1%
$5M
Acm Research Inc-class A
this Q hold·7q
145AMGN
<0.1%
$5M
Amgen Inc
this Q hold·40q
146SNPS
<0.1%
$4M
Synopsys Inc
this Q hold·40q
147MELI
<0.1%
$3M
Mercadolibre Inc
this Q +43%·3q
148TBBB
<0.1%
$3M
Bbb Foods, Inc.
this Q New·—1q
149DHR
<0.1%
$3M
Danaher Corp
this Q hold·40q
150DELL
<0.1%
$3M
Dell Technologies -C
this Q hold·30q
151BIDU
<0.1%
$3M
Baidu Inc - Spon Adr
this Q +66%·40q
152VIPS
<0.1%
$3M
Vipshop Holdings Ltd - Adr
this Q +54%·19q
153PNC
<0.1%
$3M
Pnc Financial Services Group
this Q hold·40q
154BRK/A
<0.1%
$3M
Berkshire Hathaway Inc-cl A
this Q hold·40q
155PM
<0.1%
$3M
Philip Morris International
this Q hold·40q
156PFE
<0.1%
$2M
Pfizer Inc
this Q hold·40q
157JOYY
<0.1%
$2M
Joyy Inc-adr
this Q hold·16q
158TCOM
<0.1%
$2M
Trip.com Group Ltd-adr
this Q +156%·19q
159SPGI
<0.1%
$2M
S&p Global Inc
this Q hold·40q
160ABBV
<0.1%
$2M
Abbvie Inc
this Q hold·40q
161PH
<0.1%
$2M
Parker Hannifin Corp
this Q hold·40q
162NEE
<0.1%
$2M
Nextera Energy Inc
this Q hold·40q
163Y4600W108
<0.1%
$2M
Karooooo, Ltd.
this Q +73%·2q
164MCD
<0.1%
$2M
Mcdonald's Corp
this Q hold·40q
165HPE
<0.1%
$2M
Hewlett Packard Enterprise
this Q hold·40q
166KO
<0.1%
$2M
Coca-cola Co/the
this Q hold·40q
167HON
<0.1%
$2M
Honeywell International Inc
this Q hold·40q
168ABT
<0.1%
$2M
Abbott Laboratories
this Q hold·40q
169CTVA
<0.1%
$2M
Corteva Inc
this Q hold·28q
170LVS
<0.1%
$2M
Las Vegas Sands Corp
this Q hold·15q
171ZH
<0.1%
$1M
Zhihu Inc - Adr
this Q +51%·3q
172MO
<0.1%
$1M
Altria Group Inc
this Q hold·40q
173CL
<0.1%
$1M
Colgate-palmolive CO
this Q hold·40q
174MMM
<0.1%
$1M
3M CO
this Q hold·40q
175EBAY
<0.1%
$1M
Ebay Inc
this Q hold·40q
176NUE
<0.1%
$1M
Nucor Corp
this Q hold·40q
177ATAT
<0.1%
$1M
Atour Lifestyle Holdings-adr
this Q hold·2q
178G0457F107
<0.1%
$932K
Arcos Dorados Holdings, Inc.
this Q hold·6q
179PSMT
<0.1%
$926K
Pricesmart Inc
this Q hold·3q
180APA
<0.1%
$912K
Apa Corp
this Q hold·21q
181ABEV
0.0%
$894K
Ambev Sa-adr
this Q hold·6q
182G38327105
0.0%
$884K
Geopark, Ltd.
this Q hold·15q
183TFC
0.0%
$880K
Truist Financial Corp
this Q hold·26q
184P5626F128
0.0%
$873K
Intercorp Financial Services, Inc.
this Q hold·10q
185DEO
0.0%
$825K
Diageo Plc-sponsored Adr
this Q hold·40q
186N4732M103
0.0%
$804K
Jbs NV
this Q +164%·4q
187LOMA
0.0%
$800K
Loma Negra Cia Ind-spon Adr
this Q +66%·17q
188Q
0.0%
$776K
Qnity Electronics Inc
this Q hold·2q
189G01125106
0.0%
$763K
Afya, Ltd.
this Q +45%·13q
190LAUR
0.0%
$756K
Laureate Education Inc
this Q +38%·4q
191BLK
0.0%
$684K
Blackrock Inc
this Q hold·6q
192MDLZ
0.0%
$682K
Mondelez International Inc-a
this Q hold·40q
193P31076105
0.0%
$682K
Copa Holdings SA
this Q +52%·15q
194DD
0.0%
$672K
Dupont DE Nemours Inc
this Q hold·28q
195AMP
0.0%
$667K
Ameriprise Financial Inc
this Q hold·40q
196G69451105
0.0%
$663K
Patria Investments, Ltd.
this Q +148%·5q
197PBR
0.0%
$647K
Petroleo Brasileiro-spon Adr
this Q hold·20q
198NVDA
0.0%
$593K
Nvidia Corp
this Q hold·4q
199G29018101
0.0%
$580K
Dlocal, Ltd.
this Q +22%·8q
200ALL
0.0%
$538K
Allstate Corp
this Q hold·40q
201MCO
0.0%
$529K
Moody's Corp
this Q hold·40q
202GPC
0.0%
$492K
Genuine Parts CO
this Q hold·40q
203PEP
0.0%
$478K
Pepsico Inc
this Q hold·40q
204PSX
0.0%
$474K
Phillips 66
this Q hold·40q
205LMT
0.0%
$468K
Lockheed Martin Corp
this Q hold·31q
206OTIS
0.0%
$463K
Otis Worldwide Corp
this Q -62%·24q
207ASR
0.0%
$420K
Grupo Aeroportuario Sur-adr
this Q -26%·6q
208GIS
0.0%
$417K
General Mills Inc
this Q hold·40q
209DOW
0.0%
$405K
Dow Inc
this Q hold·28q
210ELV
0.0%
$381K
Elevance Health Inc
this Q hold·40q
211CTAS
0.0%
$304K
Cintas Corp
this Q hold·16q
212UL
0.0%
$299K
Unilever Plc-sponsored Adr
this Q hold·2q
213RIO
0.0%
$280K
Rio Tinto Plc-spon Adr
this Q hold·39q
214VZ
0.0%
$276K
Verizon Communications Inc
this Q hold·39q
215V
0.0%
$260K
Visa Inc-class A Shares
this Q hold·40q
216MGM
0.0%
$241K
Mgm Resorts International
this Q hold·6q
217CB
0.0%
$235K
Chubb, Ltd.
this Q hold·32q
218PPG
0.0%
$235K
Ppg Industries Inc
this Q hold·39q
219ISRG
0.0%
$230K
Intuitive Surgical Inc
this Q hold·12q
220LYV
0.0%
$229K
Live Nation Entertainment IN
this Q -57%·6q
221HAL
0.0%
$214K
Halliburton CO
this Q New·39q
222CIG
0.0%
$36K
Cia Energetica De-spon Adr
this Q hold·6q

All activity (2026Q1)

Ticker	Issuer	Move	% Port.	Δ Shares	Value
MSFT	Microsoft Corp	ADD	2.4%	+61%	$4.43B
FDX	Fedex Corp	TRIM	2.0%	-36%	$3.56B
BKNG	Booking Holdings Inc	ADD	2.3%	+36%	$4.20B
SUNB	Sunbelt Rentals Holdings Inc	NEW	1.9%	+100%	$3.46B
NSC	Norfolk Southern Corp	TRIM	1.0%	-35%	$1.80B
SNY	Sanofi-adr	TRIM	0.8%	-48%	$1.42B
BN	Brookfield Corp	ADD	1.3%	+43%	$2.40B
AJG	Arthur J Gallagher & CO	ADD	0.9%	+735%	$1.59B
GE	General Electric	TRIM	0.1%	-86%	$209M
CARR	Carrier Global Corp	ADD	0.8%	+98%	$1.50B
CPNG	Coupang Inc	ADD	0.7%	+46%	$1.36B
NVS	Novartis Ag-sponsored Adr	TRIM	0.6%	-23%	$1.06B
ROP	Roper Technologies Inc	NEW	0.7%	+100%	$1.18B
TRU	Transunion	ADD	0.6%	+64%	$1.12B
HPQ	HP Inc	ADD	0.4%	+21%	$799M
FCNCA	First Citizens Bcshs -cl A	ADD	0.4%	+1145%	$741M
NVO	Novo-nordisk A/s-spons Adr	NEW	0.4%	+100%	$711M
STT	State Street Corp	TRIM	0.2%	-26%	$443M
AEG	Aegon Ltd-ny Reg Shr	TRIM	0.2%	-28%	$367M
BMY	Bristol-myers Squibb CO	TRIM	0.2%	-35%	$280M
H2927K103	Amrize, Ltd.	EXIT	0.2%	-100%	$0
IEX	Idex Corp	EXIT	0.1%	-100%	$0
VSNT	Versant Media Group Inc	NEW	0.1%	+100%	$167M
LBTYA	Liberty Global, Ltd.	TRIM	<0.1%	-21%	$62M
G61188101	Liberty Global, Ltd.	TRIM	<0.1%	-52%	$26M
CSCO	Cisco Systems Inc	TRIM	<0.1%	-36%	$8M
AZN	Astrazeneca Plc	NEW	<0.1%	+100%	$11M
AZN	Astrazeneca Plc-spons Adr	EXIT	<0.1%	-100%	$0
SLB	Slb Ltd	TRIM	<0.1%	-38%	$6M
TBBB	Bbb Foods, Inc.	NEW	<0.1%	+100%	$3M
VIPS	Vipshop Holdings Ltd - Adr	ADD	<0.1%	+54%	$3M
BIDU	Baidu Inc - Spon Adr	ADD	<0.1%	+66%	$3M
MELI	Mercadolibre Inc	ADD	<0.1%	+43%	$3M
SATS	Echostar Corp-a	EXIT	<0.1%	-100%	$0
TCOM	Trip.com Group Ltd-adr	ADD	<0.1%	+156%	$2M
ZH	Zhihu Inc - Adr	ADD	<0.1%	+51%	$1M
Y4600W108	Karooooo, Ltd.	ADD	<0.1%	+73%	$2M
OTIS	Otis Worldwide Corp	TRIM	0.0%	-62%	$463K
HAL	Halliburton CO	NEW	0.0%	+100%	$214K
G29018101	Dlocal, Ltd.	ADD	0.0%	+22%	$580K
N4732M103	Jbs NV	ADD	0.0%	+164%	$804K
G69451105	Patria Investments, Ltd.	ADD	0.0%	+148%	$663K
LAUR	Laureate Education Inc	ADD	0.0%	+38%	$756K
LOMA	Loma Negra Cia Ind-spon Adr	ADD	0.0%	+66%	$800K
G01125106	Afya, Ltd.	ADD	0.0%	+45%	$763K
P31076105	Copa Holdings SA	ADD	0.0%	+52%	$682K
LYV	Live Nation Entertainment IN	TRIM	0.0%	-57%	$229K
ASR	Grupo Aeroportuario Sur-adr	TRIM	0.0%	-26%	$420K
CIB	Grupo Cibest Sa-adr	EXIT	0.0%	-100%	$0
PYPL	Paypal Holdings Inc	EXIT	0.0%	-100%	$0
VOO	Vanguard S&p 500 Etf	EXIT	0.0%	-100%	$0

ADDMSFT
2.4%
Microsoft Corp
Δ +61%·$4.43B
TRIMFDX
2.0%
Fedex Corp
Δ -36%·$3.56B
ADDBKNG
2.3%
Booking Holdings Inc
Δ +36%·$4.20B
NEWSUNB
1.9%
Sunbelt Rentals Holdings Inc
Δ +100%·$3.46B
TRIMNSC
1.0%
Norfolk Southern Corp
Δ -35%·$1.80B
TRIMSNY
0.8%
Sanofi-adr
Δ -48%·$1.42B
ADDBN
1.3%
Brookfield Corp
Δ +43%·$2.40B
ADDAJG
0.9%
Arthur J Gallagher & CO
Δ +735%·$1.59B
TRIMGE
0.1%
General Electric
Δ -86%·$209M
ADDCARR
0.8%
Carrier Global Corp
Δ +98%·$1.50B
ADDCPNG
0.7%
Coupang Inc
Δ +46%·$1.36B
TRIMNVS
0.6%
Novartis Ag-sponsored Adr
Δ -23%·$1.06B
NEWROP
0.7%
Roper Technologies Inc
Δ +100%·$1.18B
ADDTRU
0.6%
Transunion
Δ +64%·$1.12B
ADDHPQ
0.4%
HP Inc
Δ +21%·$799M
ADDFCNCA
0.4%
First Citizens Bcshs -cl A
Δ +1145%·$741M
NEWNVO
0.4%
Novo-nordisk A/s-spons Adr
Δ +100%·$711M
TRIMSTT
0.2%
State Street Corp
Δ -26%·$443M
TRIMAEG
0.2%
Aegon Ltd-ny Reg Shr
Δ -28%·$367M
TRIMBMY
0.2%
Bristol-myers Squibb CO
Δ -35%·$280M
EXITH2927K103
0.2%
Amrize, Ltd.
Δ -100%·$0
EXITIEX
0.1%
Idex Corp
Δ -100%·$0
NEWVSNT
0.1%
Versant Media Group Inc
Δ +100%·$167M
TRIMLBTYA
<0.1%
Liberty Global, Ltd.
Δ -21%·$62M
TRIMG61188101
<0.1%
Liberty Global, Ltd.
Δ -52%·$26M
TRIMCSCO
<0.1%
Cisco Systems Inc
Δ -36%·$8M
NEWAZN
<0.1%
Astrazeneca Plc
Δ +100%·$11M
EXITAZN
<0.1%
Astrazeneca Plc-spons Adr
Δ -100%·$0
TRIMSLB
<0.1%
Slb Ltd
Δ -38%·$6M
NEWTBBB
<0.1%
Bbb Foods, Inc.
Δ +100%·$3M
ADDVIPS
<0.1%
Vipshop Holdings Ltd - Adr
Δ +54%·$3M
ADDBIDU
<0.1%
Baidu Inc - Spon Adr
Δ +66%·$3M
ADDMELI
<0.1%
Mercadolibre Inc
Δ +43%·$3M
EXITSATS
<0.1%
Echostar Corp-a
Δ -100%·$0
ADDTCOM
<0.1%
Trip.com Group Ltd-adr
Δ +156%·$2M
ADDZH
<0.1%
Zhihu Inc - Adr
Δ +51%·$1M
ADDY4600W108
<0.1%
Karooooo, Ltd.
Δ +73%·$2M
TRIMOTIS
0.0%
Otis Worldwide Corp
Δ -62%·$463K
NEWHAL
0.0%
Halliburton CO
Δ +100%·$214K
ADDG29018101
0.0%
Dlocal, Ltd.
Δ +22%·$580K
ADDN4732M103
0.0%
Jbs NV
Δ +164%·$804K
ADDG69451105
0.0%
Patria Investments, Ltd.
Δ +148%·$663K
ADDLAUR
0.0%
Laureate Education Inc
Δ +38%·$756K
ADDLOMA
0.0%
Loma Negra Cia Ind-spon Adr
Δ +66%·$800K
ADDG01125106
0.0%
Afya, Ltd.
Δ +45%·$763K
ADDP31076105
0.0%
Copa Holdings SA
Δ +52%·$682K
TRIMLYV
0.0%
Live Nation Entertainment IN
Δ -57%·$229K
TRIMASR
0.0%
Grupo Aeroportuario Sur-adr
Δ -26%·$420K
EXITCIB
0.0%
Grupo Cibest Sa-adr
Δ -100%·$0
EXITPYPL
0.0%
Paypal Holdings Inc
Δ -100%·$0
EXITVOO
0.0%
Vanguard S&p 500 Etf
Δ -100%·$0

Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000200217). Not investment advice.