Dodge & Cox Funds
Dodge & Cox
Latest 13F filing
Q4 2025
filed Feb 13, 2026
Portfolio value
$185.26B
Positions
222
Top 10 concentration
27.2%
QoQ change
-0.0%
$-78.86M
Activity vs. Q3 2025
10
New positions
39
Added to
55
Unchanged
118
Reduced
30
Exited
Portfolio composition — Q4 2025
- SCHWThe Charles Schwab Corp.4.1%
- JCIJohnson Controls International PLC3.9%
- RTXRTX Corp.3.7%
- CVSCVS Health Corp.2.7%
- FDXFedEx Corp.2.4%
- METMetLife, Inc.2.2%
- GOOGAlphabet, Inc.2.2%
- BKNGBooking Holdings, Inc.2.1%
- MSFTMicrosoft Corp.1.9%
- REGNRegeneron Pharmaceuticals, Inc.1.9%
- Other212 more positions72.8%
Top buys
New & added positions, by size
Holdings as of Q4 2025
| # | Ticker | Issuer | Shares | Value | % Portfolio | Reported price | Action | Δ Shares |
|---|---|---|---|---|---|---|---|---|
| 1 | SCHW | The Charles Schwab Corp. | 76,513,926 | $7.64B | 4.13% | $99.91 | REDUCE | -7.9% |
| 2 | JCI | Johnson Controls International PLC | 60,382,969 | $7.23B | 3.90% | $119.75 | REDUCE | -6.0% |
| 3 | RTX | RTX Corp. | 37,571,811 | $6.89B | 3.72% | $183.40 | REDUCE | -6.3% |
| 4 | CVS | CVS Health Corp. | 62,509,988 | $4.96B | 2.68% | $79.36 | REDUCE | -14.6% |
| 5 | FDX | FedEx Corp. | 15,582,168 | $4.50B | 2.43% | $288.86 | REDUCE | -4.0% |
| 6 | MET | MetLife, Inc. | 52,252,050 | $4.12B | 2.23% | $78.94 | REDUCE | -2.6% |
| 7 | GOOG | Alphabet, Inc. | 12,875,798 | $4.04B | 2.18% | $313.80 | REDUCE | -8.0% |
| 8 | BKNG | Booking Holdings, Inc. | 732,081 | $3.92B | 2.12% | $5355.33 | ADD | +8.4% |
| 9 | MSFT | Microsoft Corp. | 7,441,750 | $3.60B | 1.94% | $483.62 | REDUCE | -5.5% |
| 10 | REGN | Regeneron Pharmaceuticals, Inc. | 4,596,358 | $3.55B | 1.92% | $771.87 | ADD | +1.0% |
| 11 | AMZN | Amazon.com, Inc. | 15,230,394 | $3.52B | 1.90% | $230.82 | REDUCE | -6.5% |
| 12 | GOOGL | Alphabet, Inc. | 10,833,118 | $3.39B | 1.83% | $313.00 | REDUCE | -4.5% |
| 13 | TEL | TE Connectivity PLC | 14,873,850 | $3.38B | 1.83% | $227.51 | REDUCE | -7.3% |
| 14 | CMCSA | Comcast Corp. | 112,967,514 | $3.38B | 1.82% | $29.89 | ADD | +0.4% |
| 15 | GSK | GSK PLC | 68,517,969 | $3.36B | 1.81% | $49.04 | REDUCE | -12.6% |
| 16 | FISV | Fiserv, Inc. | 49,474,622 | $3.32B | 1.79% | $67.17 | ADD | +28.1% |
| 17 | META | Meta Platforms, Inc. | 5,019,837 | $3.31B | 1.79% | $660.09 | ADD | +26.7% |
| 18 | OXY | Occidental Petroleum Corp. | 79,473,071 | $3.27B | 1.76% | $41.12 | REDUCE | -0.5% |
| 19 | FIS | Fidelity National Information Services, Inc. | 49,113,297 | $3.26B | 1.76% | $66.46 | ADD | +13.9% |
| 20 | GILD | Gilead Sciences, Inc. | 26,283,511 | $3.23B | 1.74% | $122.74 | REDUCE | -12.8% |
| 21 | CI | The Cigna Group | 11,138,614 | $3.07B | 1.65% | $275.23 | ADD | +19.7% |
| 22 | CHTR | Charter Communications, Inc. | 14,609,220 | $3.05B | 1.65% | $208.75 | ADD | +23.7% |
| 23 | UNH | UnitedHealth Group, Inc. | 9,172,769 | $3.03B | 1.63% | $330.11 | REDUCE | -3.5% |
| 24 | WFC | Wells Fargo & Co. | 32,311,711 | $3.01B | 1.63% | $93.20 | REDUCE | -16.9% |
| 25 | BK | The Bank of New York Mellon Corp. | 25,811,239 | $3.00B | 1.62% | $116.09 | REDUCE | -25.9% |
| 26 | HUM | Humana, Inc. | 11,290,435 | $2.89B | 1.56% | $256.13 | REDUCE | -0.4% |
| 27 | NSC | Norfolk Southern Corp. | 9,623,885 | $2.78B | 1.50% | $288.72 | REDUCE | -11.5% |
| 28 | AON | Aon PLC | 7,852,456 | $2.77B | 1.50% | $352.88 | ADD | +126.6% |
| 29 | SNY | Sanofi SA | 56,492,599 | $2.74B | 1.48% | $48.46 | REDUCE | -18.0% |
| 30 | GEHC | GE HealthCare Technologies, Inc. | 31,211,229 | $2.56B | 1.38% | $82.02 | ADD | +13.4% |
| 31 | IFF | International Flavors & Fragrances, Inc. | 36,401,042 | $2.45B | 1.32% | $67.39 | REDUCE | -1.5% |
| 32 | FTV | Fortive Corp. | 44,157,822 | $2.44B | 1.32% | $55.21 | ADD | +3.7% |
| 33 | SBAC | SBA Communications Corp. | 11,996,134 | $2.32B | 1.25% | $193.43 | ADD | +24.1% |
| 34 | APD | Air Products & Chemicals, Inc. | 9,236,610 | $2.28B | 1.23% | $247.02 | ADD | +2.6% |
| 35 | WTW | Willis Towers Watson PLC | 6,925,525 | $2.28B | 1.23% | $328.60 | ADD | +90.7% |
| 36 | COF | Capital One Financial Corp. | 9,163,067 | $2.22B | 1.20% | $242.36 | REDUCE | -24.3% |
| 37 | BUD | Anheuser-Busch InBev SA/NV | 33,113,431 | $2.12B | 1.14% | $64.04 | REDUCE | -9.4% |
| 38 | ZBH | Zimmer Biomet Holdings, Inc. | 23,506,849 | $2.11B | 1.14% | $89.92 | ADD | +1.3% |
| 39 | BN | Brookfield Corp. | 41,280,320 | $1.89B | 1.02% | $45.89 | NEW | — |
| 40 | BKR | Baker Hughes Co. | 40,759,438 | $1.86B | 1.00% | $45.54 | REDUCE | -7.5% |
| 41 | SUI | Sun Communities, Inc. | 14,491,865 | $1.80B | 0.97% | $123.91 | ADD | +0.1% |
| 42 | ELAN | Elanco Animal Health, Inc. | 79,084,305 | $1.79B | 0.97% | $22.63 | REDUCE | -4.4% |
| 43 | GE | GE Aerospace | 5,191,577 | $1.60B | 0.86% | $308.03 | REDUCE | -17.2% |
| 44 | UBS | UBS Group AG | 33,665,342 | $1.56B | 0.84% | $46.23 | REDUCE | -21.1% |
| 45 | HLN | Haleon PLC | 151,755,452 | $1.53B | 0.83% | $10.11 | REDUCE | -1.7% |
| 46 | GS | The Goldman Sachs Group, Inc. | 1,709,674 | $1.50B | 0.81% | $879.00 | REDUCE | -22.6% |
| 47 | BABA | Alibaba Group Holding, Ltd. | 10,016,870 | $1.47B | 0.79% | $146.58 | REDUCE | -8.7% |
| 48 | LPLA | LPL Financial Holdings, Inc. | 3,948,970 | $1.41B | 0.76% | $357.17 | ADD | +18.6% |
| 49 | AVTR | Avantor, Inc. | 117,065,143 | $1.34B | 0.72% | $11.46 | REDUCE | -0.6% |
| 50 | INCY | Incyte Corp. | 13,261,742 | $1.31B | 0.71% | $98.77 | REDUCE | -4.8% |
| 51 | D | Dominion Energy, Inc. | 22,149,918 | $1.30B | 0.70% | $58.59 | REDUCE | -2.8% |
| 52 | TMUS | T-Mobile U.S., Inc. | 6,185,972 | $1.26B | 0.68% | $203.04 | ADD | +65.2% |
| 53 | CTSH | Cognizant Technology Solutions Corp. | 14,983,337 | $1.24B | 0.67% | $83.00 | REDUCE | -7.5% |
| 54 | NVS | Novartis AG | 9,014,641 | $1.24B | 0.67% | $137.87 | REDUCE | -14.8% |
| 55 | SU | Suncor Energy, Inc. | 27,257,754 | $1.21B | 0.65% | $44.36 | REDUCE | -0.8% |
| 56 | CPNG | Coupang, Inc. | 49,233,320 | $1.16B | 0.63% | $23.59 | ADD | +4.9% |
| 57 | BAP | Credicorp, Ltd. | 3,870,940 | $1.11B | 0.60% | $287.00 | REDUCE | -21.0% |
| 58 | BAX | Baxter International, Inc. | 56,999,970 | $1.09B | 0.59% | $19.11 | REDUCE | -0.7% |
| 59 | AEP | American Electric Power Co., Inc. | 9,342,540 | $1.08B | 0.58% | $115.31 | REDUCE | -1.9% |
| 60 | ADM | Archer-Daniels-Midland Co. | 17,084,645 | $982.20M | 0.53% | $57.49 | ADD | +13.4% |
| 61 | CX | Cemex SAB de CV | 84,794,670 | $974.29M | 0.53% | $11.49 | REDUCE | -12.3% |
| 62 | COP | ConocoPhillips | 10,290,169 | $963.26M | 0.52% | $93.61 | REDUCE | -0.4% |
| 63 | TAP | Molson Coors Beverage Co. | 18,610,924 | $868.76M | 0.47% | $46.68 | REDUCE | -0.1% |
| 64 | BMRN | BioMarin Pharmaceutical, Inc. | 14,572,384 | $866.04M | 0.47% | $59.43 | REDUCE | -0.8% |
| 65 | TDY | Teledyne Technologies, Inc. | 1,685,340 | $860.75M | 0.46% | $510.73 | ADD | +0.3% |
| 66 | FOXA | Fox Corp. | 11,613,443 | $848.59M | 0.46% | $73.07 | REDUCE | -11.7% |
| 67 | TRU | TransUnion | 9,842,006 | $843.95M | 0.46% | $85.75 | NEW | — |
| 68 | NBIX | Neurocrine Biosciences, Inc. | 5,508,042 | $781.21M | 0.42% | $141.83 | REDUCE | -0.9% |
| 69 | ALNY | Alnylam Pharmaceuticals, Inc. | 1,964,415 | $781.15M | 0.42% | $397.65 | REDUCE | -15.4% |
| 70 | HPQ | HP, Inc. | 34,503,131 | $768.73M | 0.41% | $22.28 | REDUCE | -0.5% |
| 71 | ADBE | Adobe, Inc. | 2,164,475 | $757.54M | 0.41% | $349.99 | ADD | +35.8% |
| 72 | MDT | Medtronic PLC | 7,738,043 | $743.32M | 0.40% | $96.06 | ADD | +0.2% |
| 73 | VFC | VF Corp. | 40,679,850 | $735.49M | 0.40% | $18.08 | REDUCE | -0.7% |
| 74 | LYB | LyondellBasell Industries NV | 16,879,077 | $730.86M | 0.39% | $43.30 | REDUCE | -0.5% |
| 75 | CARR | Carrier Global Corp. | 13,421,292 | $709.18M | 0.38% | $52.84 | REDUCE | -0.0% |
| 76 | CE | Celanese Corp. | 15,304,050 | $647.06M | 0.35% | $42.28 | REDUCE | -0.4% |
| 77 | RAL | Ralliant Corp. | 12,214,679 | $621.85M | 0.34% | $50.91 | ADD | +13.3% |
| 78 | STT | State Street Corp. | 4,744,154 | $612.04M | 0.33% | $129.01 | REDUCE | -30.2% |
| 79 | GLPI | Gaming & Leisure Properties, Inc. | 13,589,962 | $607.34M | 0.33% | $44.69 | ADD | +0.1% |
| 80 | LIN | Linde PLC | 1,329,590 | $566.92M | 0.31% | $426.39 | — | 0% |
| 81 | XP | XP, Inc. | 33,960,545 | $555.93M | 0.30% | $16.37 | REDUCE | -1.5% |
| 82 | AEG | Aegon, Ltd. | 70,522,831 | $543.73M | 0.29% | $7.71 | REDUCE | -17.8% |
| 83 | TRP | TC Energy Corp. | 9,294,300 | $511.28M | 0.28% | $55.01 | REDUCE | -3.6% |
| 84 | PDD | PDD Holdings, Inc. | 4,439,800 | $503.43M | 0.27% | $113.39 | NEW | — |
| 85 | FOX | Fox Corp. | 7,257,827 | $471.25M | 0.25% | $64.93 | REDUCE | -0.4% |
| 86 | TIGO | Millicom International Cellular SA | 8,133,132 | $450.90M | 0.24% | $55.44 | REDUCE | -3.7% |
| 87 | YUMC | Yum China Holdings, Inc. | 8,553,962 | $408.37M | 0.22% | $47.74 | ADD | +0.4% |
| 88 | MCHP | Microchip Technology, Inc. | 6,187,474 | $394.27M | 0.21% | $63.72 | REDUCE | -0.4% |
| 89 | BMY | Bristol-Myers Squibb Co. | 7,078,250 | $381.80M | 0.21% | $53.94 | REDUCE | -4.7% |
| 90 | JD | JD.com, Inc. | 12,194,648 | $349.99M | 0.19% | $28.70 | REDUCE | -35.1% |
| 91 | BNTX | BioNTech SE | 3,614,491 | $344.10M | 0.19% | $95.20 | REDUCE | -0.9% |
| 92 | NWSA | News Corp. | 12,449,295 | $325.18M | 0.18% | $26.12 | REDUCE | -0.2% |
| 93 | NTES | NetEase, Inc. | 2,154,376 | $296.49M | 0.16% | $137.62 | REDUCE | -6.0% |
| 94 | AMRZ | Amrize, Ltd. | 5,385,441 | $293.37M | 0.16% | $54.47 | REDUCE | -6.9% |
| 95 | AJG | Arthur J Gallagher & Co. | 880,585 | $227.89M | 0.12% | $258.79 | NEW | — |
| 96 | IEX | IDEX Corp. | 1,262,550 | $224.66M | 0.12% | $177.94 | ADD | +266.7% |
| 97 | HDB | HDFC Bank, Ltd. | 5,501,800 | $201.04M | 0.11% | $36.54 | REDUCE | -11.5% |
| 98 | ITUB | Itau Unibanco Holding SA | 19,120,110 | $136.90M | 0.07% | $7.16 | ADD | +2.7% |
| 99 | FLUT | Flutter Entertainment PLC | 628,878 | $135.23M | 0.07% | $215.04 | — | 0% |
| 100 | COHR | Coherent Corp. | 669,855 | $123.64M | 0.07% | $184.57 | REDUCE | -10.1% |
| 101 | BAC | Bank of America Corp. | 2,009,022 | $110.50M | 0.06% | $55.00 | REDUCE | -86.9% |
| 102 | AXP | American Express Co. | 292,549 | $108.23M | 0.06% | $369.95 | REDUCE | -15.3% |
| 103 | FMS | Fresenius Medical Care AG | 3,826,910 | $91.16M | 0.05% | $23.82 | — | 0% |
| 104 | GEV | GE Vernova, Inc. | 138,214 | $90.33M | 0.05% | $653.57 | REDUCE | -10.1% |
| 105 | CDNS | Cadence Design Systems, Inc. | 237,363 | $74.19M | 0.04% | $312.58 | REDUCE | -1.3% |
| 106 | LBTYK | Liberty Global, Ltd. | 6,682,068 | $73.77M | 0.04% | $11.04 | — | 0% |
| 107 | FCNCA | First Citizens BancShares, Inc. | 31,566 | $67.75M | 0.04% | $2146.18 | NEW | — |
| 108 | UNP | Union Pacific Corp. | 263,116 | $60.86M | 0.03% | $231.32 | REDUCE | -3.6% |
| 109 | WMB | The Williams Co., Inc. | 1,000,892 | $60.16M | 0.03% | $60.11 | REDUCE | -10.3% |
| 110 | LBTYA | Liberty Global, Ltd. | 4,481,061 | $49.92M | 0.03% | $11.14 | REDUCE | -6.0% |
| 111 | LLY | Eli Lilly & Co. | 42,492 | $45.67M | 0.02% | $1074.68 | REDUCE | -2.1% |
| 112 | JPM | JPMorgan Chase & Co. | 124,405 | $40.09M | 0.02% | $322.22 | REDUCE | -36.1% |
| 113 | TSM | Taiwan Semiconductor Manufacturing Co., Ltd. | 107,800 | $32.76M | 0.02% | $303.89 | — | 0% |
| 114 | CVX | Chevron Corp. | 212,714 | $32.42M | 0.02% | $152.41 | REDUCE | -4.7% |
| 115 | DIS | The Walt Disney Co. | 270,339 | $30.76M | 0.02% | $113.77 | REDUCE | -6.2% |
| 116 | — | National Energy Services Reunited Corp. | 1,929,094 | $30.21M | 0.02% | $15.66 | REDUCE | -14.5% |
| 117 | TRV | The Travelers Co., Inc. | 94,782 | $27.49M | 0.01% | $290.06 | REDUCE | -6.1% |
| 118 | CAT | Caterpillar, Inc. | 40,724 | $23.33M | 0.01% | $572.87 | REDUCE | -0.2% |
| 119 | WMT | Walmart, Inc. | 179,535 | $20.00M | 0.01% | $111.41 | REDUCE | -0.7% |
| 120 | TMO | Thermo Fisher Scientific, Inc. | 25,741 | $14.92M | 0.01% | $579.45 | — | 0% |
| 121 | MRK | Merck & Co., Inc. | 138,205 | $14.55M | 0.01% | $105.26 | REDUCE | -10.4% |
| 122 | KSPI | Kaspi.KZ JSC | 183,726 | $14.35M | 0.01% | $78.13 | ADD | +930.7% |
| 123 | IBM | International Business Machines Corp. | 46,702 | $13.83M | 0.01% | $296.21 | REDUCE | -1.0% |
| 124 | PG | The Procter & Gamble Co. | 90,831 | $13.02M | 0.01% | $143.31 | ADD | +0.0% |
| 125 | CSCO | Cisco Systems, Inc. | 163,114 | $12.56M | 0.01% | $77.03 | REDUCE | -25.1% |
| 126 | AZN | AstraZeneca PLC | 121,043 | $11.13M | 0.01% | $91.93 | REDUCE | -12.0% |
| 127 | TGT | Target Corp. | 98,129 | $9.59M | 0.01% | $97.75 | REDUCE | -7.5% |
| 128 | XOM | Exxon Mobil Corp. | 74,493 | $8.96M | 0.00% | $120.34 | REDUCE | -1.8% |
| 129 | AAPL | Apple, Inc. | 31,807 | $8.65M | 0.00% | $271.86 | ADD | +1.5% |
| 130 | BSX | Boston Scientific Corp. | 88,885 | $8.48M | 0.00% | $95.35 | — | 0% |
| 131 | HD | The Home Depot, Inc. | 23,247 | $8.00M | 0.00% | $344.10 | REDUCE | -0.1% |
| 132 | AVGO | Broadcom, Inc. | 20,580 | $7.12M | 0.00% | $346.10 | REDUCE | -2.1% |
| 133 | VMC | Vulcan Materials Co. | 24,000 | $6.85M | 0.00% | $285.22 | REDUCE | -0.4% |
| 134 | SLB | SLB, Ltd. | 176,849 | $6.79M | 0.00% | $38.38 | REDUCE | -62.9% |
| 135 | DE | Deere & Co. | 12,626 | $5.88M | 0.00% | $465.57 | — | 0% |
| 136 | BRK/B | Berkshire Hathaway, Inc. | 11,440 | $5.75M | 0.00% | $502.65 | — | 0% |
| 137 | ADI | Analog Devices, Inc. | 20,775 | $5.63M | 0.00% | $271.20 | REDUCE | -32.6% |
| 138 | SNPS | Synopsys, Inc. | 10,200 | $4.79M | 0.00% | $469.72 | REDUCE | -6.4% |
| 139 | ACMR | ACM Research, Inc. | 112,392 | $4.43M | 0.00% | $39.45 | REDUCE | -8.5% |
| 140 | AMGN | Amgen, Inc. | 13,367 | $4.38M | 0.00% | $327.31 | — | 0% |
| 141 | JNJ | Johnson & Johnson | 20,947 | $4.33M | 0.00% | $206.95 | — | 0% |
| 142 | MSI | Motorola Solutions, Inc. | 11,255 | $4.31M | 0.00% | $383.32 | REDUCE | -0.9% |
| 143 | SHEL | Shell PLC | 55,194 | $4.06M | 0.00% | $73.48 | REDUCE | -1.3% |
| 144 | DHR | Danaher Corp. | 16,450 | $3.77M | 0.00% | $228.92 | — | 0% |
| 145 | SATS | EchoStar Corp. | 32,443 | $3.53M | 0.00% | $108.70 | REDUCE | -99.7% |
| 146 | GLW | Corning, Inc. | 36,850 | $3.23M | 0.00% | $87.56 | REDUCE | -7.6% |
| 147 | JOYY | JOYY, Inc. | 49,606 | $3.21M | 0.00% | $64.76 | — | 0% |
| 148 | BRK/A | Berkshire Hathaway, Inc. | 4 | $3.02M | 0.00% | $754800.00 | — | 0% |
| 149 | PNC | The PNC Financial Services Group, Inc. | 14,000 | $2.92M | 0.00% | $208.73 | REDUCE | -0.5% |
| 150 | SPGI | S&P Global, Inc. | 5,400 | $2.82M | 0.00% | $522.59 | — | 0% |
| 151 | MELI | MercadoLibre, Inc. | 1,392 | $2.80M | 0.00% | $2014.26 | ADD | +255.1% |
| 152 | PM | Philip Morris International, Inc. | 17,000 | $2.73M | 0.00% | $160.40 | — | 0% |
| 153 | DELL | Dell Technologies, Inc. | 19,180 | $2.41M | 0.00% | $125.88 | REDUCE | -18.8% |
| 154 | ABBV | AbbVie, Inc. | 10,393 | $2.37M | 0.00% | $228.49 | REDUCE | -0.8% |
| 155 | PFE | Pfizer, Inc. | 90,364 | $2.25M | 0.00% | $24.90 | REDUCE | -2.8% |
| 156 | PH | Parker-Hannifin Corp. | 2,500 | $2.20M | 0.00% | $878.96 | — | 0% |
| 157 | VIPS | Vipshop Holdings, Ltd. | 124,197 | $2.20M | 0.00% | $17.69 | — | 0% |
| 158 | ABT | Abbott Laboratories | 17,324 | $2.17M | 0.00% | $125.29 | — | 0% |
| 159 | BIDU | Baidu, Inc. | 16,530 | $2.16M | 0.00% | $130.66 | REDUCE | -99.6% |
| 160 | HPE | Hewlett Packard Enterprise Co. | 86,454 | $2.08M | 0.00% | $24.02 | REDUCE | -1.5% |
| 161 | MCD | McDonald's Corp. | 6,475 | $1.98M | 0.00% | $305.63 | — | 0% |
| 162 | NEE | NextEra Energy, Inc. | 23,600 | $1.89M | 0.00% | $80.28 | — | 0% |
| 163 | LVS | Las Vegas Sands Corp. | 28,186 | $1.83M | 0.00% | $65.09 | — | 0% |
| 164 | KO | The Coca-Cola Co. | 24,000 | $1.68M | 0.00% | $69.91 | — | 0% |
| 165 | HON | Honeywell International, Inc. | 8,019 | $1.56M | 0.00% | $195.09 | — | 0% |
| 166 | OTIS | Otis Worldwide Corp. | 16,010 | $1.40M | 0.00% | $87.35 | REDUCE | -3.6% |
| 167 | TCOM | Trip.com Group, Ltd. | 19,250 | $1.38M | 0.00% | $71.91 | — | 0% |
| 168 | CTVA | Corteva, Inc. | 20,527 | $1.38M | 0.00% | $67.03 | REDUCE | -0.1% |
| 169 | MMM | 3M Co. | 7,676 | $1.23M | 0.00% | $160.10 | REDUCE | -0.3% |
| 170 | MO | Altria Group, Inc. | 21,000 | $1.21M | 0.00% | $57.66 | — | 0% |
| 171 | KARO | Karooooo, Ltd. | 24,423 | $1.11M | 0.00% | $45.50 | NEW | — |
| 172 | EBAY | eBay, Inc. | 12,750 | $1.11M | 0.00% | $87.10 | REDUCE | -9.3% |
| 173 | ATAT | Atour Lifestyle Holdings, Ltd. | 28,152 | $1.11M | 0.00% | $39.40 | NEW | — |
| 174 | CL | Colgate-Palmolive Co. | 14,000 | $1.11M | 0.00% | $79.02 | — | 0% |
| 175 | ZH | Zhihu, Inc. | 319,164 | $1.05M | 0.00% | $3.28 | ADD | +15.3% |
| 176 | NUE | Nucor Corp. | 6,200 | $1.01M | 0.00% | $163.11 | — | 0% |
| 177 | DEO | Diageo PLC | 11,077 | $955.61K | 0.00% | $86.27 | — | 0% |
| 178 | TFC | Truist Financial Corp. | 19,151 | $942.42K | 0.00% | $49.21 | REDUCE | -8.4% |
| 179 | ARCO | Arcos Dorados Holdings, Inc. | 112,966 | $829.17K | 0.00% | $7.34 | ADD | +2.7% |
| 180 | CIB | Grupo Cibest SA | 12,046 | $766.25K | 0.00% | $63.61 | — | 0% |
| 181 | BLK | Blackrock, Inc. | 711 | $761.01K | 0.00% | $1070.34 | ADD | +8.5% |
| 182 | PSMT | PriceSmart, Inc. | 6,156 | $755.16K | 0.00% | $122.67 | — | 0% |
| 183 | IFS | Intercorp Financial Services, Inc. | 17,391 | $736.68K | 0.00% | $42.36 | — | 0% |
| 184 | AMP | Ameriprise Financial, Inc. | 1,500 | $735.51K | 0.00% | $490.34 | — | 0% |
| 185 | ABEV | Ambev SA | 296,300 | $731.86K | 0.00% | $2.47 | ADD | +7.2% |
| 186 | — | Geopark, Ltd. | 93,045 | $689.46K | 0.00% | $7.41 | — | 0% |
| 187 | MDLZ | Mondelez International, Inc. | 11,840 | $637.35K | 0.00% | $53.83 | — | 0% |
| 188 | NVDA | NVIDIA Corp. | 3,400 | $634.10K | 0.00% | $186.50 | — | 0% |
| 189 | MCO | Moody's Corp. | 1,213 | $619.66K | 0.00% | $510.85 | REDUCE | -22.5% |
| 190 | Q | Qnity Electronics, Inc. | 7,503 | $612.58K | 0.00% | $81.64 | NEW | — |
| 191 | DD | DuPont de Nemours, Inc. | 14,843 | $596.69K | 0.00% | $40.20 | REDUCE | -2.2% |
| 192 | GPC | Genuine Parts Co. | 4,650 | $571.76K | 0.00% | $122.96 | REDUCE | -0.3% |
| 193 | LOMA | Loma Negra Cia Industrial Argentina SA | 43,482 | $563.09K | 0.00% | $12.95 | ADD | +19.5% |
| 194 | APA | APA Corp. | 22,500 | $550.35K | 0.00% | $24.46 | REDUCE | -36.1% |
| 195 | ASR | Grupo Aeroportuario del Sureste SAB de CV | 1,700 | $549.78K | 0.00% | $323.40 | — | 0% |
| 196 | — | Afya, Ltd. | 35,387 | $545.31K | 0.00% | $15.41 | ADD | +0.4% |
| 197 | ALL | The Allstate Corp. | 2,595 | $540.15K | 0.00% | $208.15 | — | 0% |
| 198 | LAUR | Laureate Education, Inc. | 15,700 | $528.62K | 0.00% | $33.67 | — | 0% |
| 199 | GIS | General Mills, Inc. | 11,200 | $520.80K | 0.00% | $46.50 | — | 0% |
| 200 | DLO | Dlocal, Ltd. | 36,700 | $518.94K | 0.00% | $14.14 | — | 0% |
| 201 | LYV | Live Nation Entertainment, Inc. | 3,500 | $498.75K | 0.00% | $142.50 | REDUCE | -22.2% |
| 202 | CPA | Copa Holdings SA | 3,950 | $476.41K | 0.00% | $120.61 | — | 0% |
| 203 | ELV | Elevance Health, Inc. | 1,300 | $455.71K | 0.00% | $350.55 | — | 0% |
| 204 | PEP | PepsiCo, Inc. | 3,075 | $441.32K | 0.00% | $143.52 | — | 0% |
| 205 | VOO | Vanguard S&P 500 ETF | 600 | $376.39K | 0.00% | $627.32 | REDUCE | -7.7% |
| 206 | LMT | Lockheed Martin Corp. | 775 | $374.84K | 0.00% | $483.67 | — | 0% |
| 207 | PBR | Petroleo Brasileiro SA - Petrobras | 31,200 | $369.72K | 0.00% | $11.85 | REDUCE | -4.6% |
| 208 | UL | Unilever PLC | 5,244 | $342.96K | 0.00% | $65.40 | NEW | — |
| 209 | CTAS | Cintas Corp. | 1,800 | $338.53K | 0.00% | $188.07 | — | 0% |
| 210 | — | Patria Investments, Ltd. | 21,200 | $336.87K | 0.00% | $15.89 | — | 0% |
| 211 | PSX | Phillips 66 | 2,600 | $335.50K | 0.00% | $129.04 | — | 0% |
| 212 | V | Visa, Inc. | 859 | $301.26K | 0.00% | $350.71 | — | 0% |
| 213 | ISRG | Intuitive Surgical, Inc. | 500 | $283.18K | 0.00% | $566.36 | — | 0% |
| 214 | MGM | MGM Resorts International | 7,500 | $273.68K | 0.00% | $36.49 | REDUCE | -28.6% |
| 215 | PYPL | PayPal Holdings, Inc. | 4,475 | $261.25K | 0.00% | $58.38 | — | 0% |
| 216 | JBS | JBS NV | 16,950 | $244.42K | 0.00% | $14.42 | ADD | +6.3% |
| 217 | RIO | Rio Tinto PLC | 3,000 | $240.09K | 0.00% | $80.03 | NEW | — |
| 218 | DOW | Dow, Inc. | 9,713 | $227.09K | 0.00% | $23.38 | REDUCE | -17.1% |
| 219 | PPG | PPG Industries, Inc. | 2,200 | $225.41K | 0.00% | $102.46 | — | 0% |
| 220 | CB | Chubb, Ltd. | 722 | $225.35K | 0.00% | $312.12 | — | 0% |
| 221 | VZ | Verizon Communications, Inc. | 5,500 | $224.01K | 0.00% | $40.73 | — | 0% |
| 222 | CIG | Cia Energetica de Minas Gerais | 15,000 | $30.00K | 0.00% | $2.00 | — | 0% |
Positions exited in Q4 2025
| Ticker | Issuer | Prior shares |
|---|---|---|
| USB | U.S. Bancorp | 0 |
| JNP | Juniper Networks, Inc. | 0 |
| UL | Unilever PLC | 23,900 |
| NOAH | Noah Holdings, Ltd. | 0 |
| VLTO | Veralto Corp. | 0 |
| NTR | Nutrien, Ltd. | 0 |
| DISH | DISH Network Corp. | 0 |
| TV | Grupo Televisa SAB | 64,208,690 |
| CIBEUR | Bancolombia SA | 0 |
| BLKCHF | BlackRock, Inc. | 0 |
| HAL | Halliburton Co. | 14,700 |
| GAP | The Gap, Inc. | 5,429,526 |
| TECK | Teck Resources, Ltd. | 7,871,440 |
| HMC | Honda Motor Co., Ltd. | 0 |
| HES | Hess Corp. | 0 |
| BDX | Becton, Dickinson & Co. | 0 |
| SNREN | Sunrise Communications AG | 0 |
| IWD | iShares Russell 1000 Value ETF | 0 |
| LNC | Lincoln National Corp. | 0 |
| TEL | TE Connectivity, Ltd. | 0 |
| JXN | Jackson Financial, Inc. | 0 |
| ZTS | Zoetis, Inc. | 1,500 |
| OXY/WS | Occidental Petroleum Corp. | 0 |
| IBN | ICICI Bank, Ltd. | 0 |
| BEKE | KE Holdings, Inc. | 0 |
| BHF | Brighthouse Financial, Inc. | 0 |
| QVCAUSD | QVC Group, Inc. | 0 |
| OVV | Ovintiv, Inc. | 0 |
| AMG | Affiliated Managers Group, Inc. | 2,400 |
| — | Alpha & Omega Semiconductor, Ltd. | 0 |
Source: SEC EDGAR 13F-HR filing Feb 13, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0000200217.