Dodge & Cox

Q1 2025 13F · by David Hoeft, CIO

As of: Mar 31, 2025
Filed: May 14, 2025
US stock: $175.5B · prev $171.8B
Positions: 214 · prev 214
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves169 since the prior filing

+4.5 pp in · −4.6 pp out

New 4 +0.15 pp
Added 46 +4.36 pp
Trimmed 115 −4.14 pp
Exited 4 −0.42 pp

The book

Diversified · behaves like 58 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 15% a year, about 6.8 years per position

Low
Moderate
High

Top 5 positions17% of US stock

SCHW The Charles Schwab Corporation trimmed+0.11 pp trimmed+0.114.0%
FISV Fiserv, Inc. trimmed0.00 pp trimmed0.003.9%
JCI Johnson Controls International plc trimmed−0.46 pp trimmed−0.463.2%
RTX RTX Corporation trimmed+0.20 pp trimmed+0.203.2%
CVS Cvs Health Corporation added+1.01 pp added+1.012.8%

Positions214 in this filing · 4 exited


SCHWThe Charles Schwab Corporation	3.96%	88,750,655	$6.9B	trimmed−1%	+0.11 pp	48 q
FISVFiserv, Inc.	3.85%	30,590,491	$6.8B	trimmed−5%	0.00 pp	18 q
JCIJohnson Controls International plc	3.23%	70,818,054	$5.7B	trimmed−12%	−0.46 pp	35 q
RTXRTX Corporation	3.20%	42,353,562	$5.6B	trimmed−5%	+0.20 pp	36 q
CVSCvs Health Corporation	2.84%	73,459,122	$5.0B	added+5%	+1.01 pp	27 q
METMetLife, Inc.	2.47%	53,913,177	$4.3B	trimmed−0%	−0.11 pp	48 q
CHTRCharter Comm Inc Del CL A New	2.42%	11,506,120	$4.2B	trimmed−0%	+0.12 pp	36 q
WFCWells Fargo & Co.	2.36%	57,628,115	$4.1B	trimmed−18%	−0.52 pp	48 q
SNYSanofi	2.31%	73,193,057	$4.1B	trimmed−3%	+0.20 pp	48 q
OXYOccidental Petroleum Corporation	2.27%	80,839,070	$4.0B	added+15%	+0.26 pp	48 q
GILDGilead Sciences Inc	2.09%	32,694,791	$3.7B	trimmed−1%	+0.32 pp	43 q
BKNGBooking Holdings Inc.	2.04%	776,008	$3.6B	trimmed−1%	−0.23 pp	29 q
BNYBank of New York Mellon Corporation	2.01%	41,976,640	$3.5B	trimmed−6%	+0.01 pp	48 q
CMCSAComcast Corp	1.98%	94,217,741	$3.5B	added+19%	+0.25 pp	48 q
FDXFedEx Corporation	1.92%	13,833,068	$3.4B	trimmed−0%	−0.35 pp	48 q
MSFTMicrosoft Corp	1.90%	8,880,353	$3.3B	trimmed−2%	−0.32 pp	48 q
AMZNAmazon.Com Inc	1.79%	16,532,632	$3.1B	trimmed−4%	−0.40 pp	43 q
GSKGSK plc	1.74%	78,651,833	$3.0B	added+15%	+0.39 pp	11 q
CIThe Cigna Group	1.67%	8,889,733	$2.9B	added+1%	+0.26 pp	26 q
COFCapital One Financial	1.66%	16,276,312	$2.9B	trimmed−6%	−0.13 pp	48 q
HUMHumana Inc.	1.62%	10,755,215	$2.8B	added+5%	+0.11 pp	4 q
GEGE Aerospace	1.60%	13,986,351	$2.8B	trimmed−1%	+0.23 pp	15 q
GOOGAlphabet Inc. Class C	1.52%	17,048,361	$2.7B	trimmed−6%	−0.49 pp	44 q
IFFInternational Flavors & Fragrances Inc.	1.49%	33,774,607	$2.6B	added+7%	−0.06 pp	6 q
FISFidelity National Information Services, Inc.	1.48%	34,808,298	$2.6B	added+1%	−0.13 pp	12 q
APDAir Products & Chemicals, Inc.	1.47%	8,759,722	$2.6B	added+31%	+0.35 pp	48 q
BUDAnheuser-Busch INBEV SA/NV	1.44%	41,116,138	$2.5B	added+3%	+0.27 pp	14 q
NSCNorfolk Southern Corp.	1.44%	10,666,554	$2.5B	trimmed−0%	−0.02 pp	48 q
TELTE Connectivity plc	1.29%	16,022,480	$2.3B	added0%	−0.04 pp	3 q
UBSUBS Group AG	1.27%	72,608,792	$2.2B	trimmed−1%	−0.03 pp	27 q
ZBHZimmer Biomet Holdings, Inc.	1.26%	19,564,454	$2.2B	added+2%	+0.08 pp	13 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.20%	4,020,368	$2.1B	trimmed−2%	0.00 pp	48 q
METAMeta Platforms, Inc. Class A	1.16%	3,524,514	$2.0B	trimmed−8%	−0.14 pp	20 q
BKRBaker Hughes Company	1.12%	44,655,095	$2.0B	trimmed−2%	+0.03 pp	31 q
SBACSBA Communications Corp	1.06%	8,485,264	$1.9B	added+16%	+0.19 pp	3 q
GSGoldman Sachs Group Inc.	1.04%	3,351,539	$1.8B	trimmed−13%	−0.25 pp	48 q
GOOGLAlphabet Inc. Class A	1.02%	11,595,682	$1.8B	trimmed−3%	−0.30 pp	38 q
BAXBaxter International Inc.	1.00%	51,458,925	$1.8B	added+2%	+0.15 pp	7 q
SUISun Communities, Inc	1.00%	13,647,820	$1.8B	added+42%	+0.31 pp	5 q
HLNHaleon plc	0.99%	169,150,936	$1.7B	trimmed−5%	0.00 pp	11 q
AVTRAvantor, Inc.	0.93%	100,262,723	$1.6B	added+1%	−0.29 pp	7 q
FTVFortive Corporation	0.91%	21,900,363	$1.6B	added×2.8	+0.57 pp	2 q
TMUST-Mobile US, Inc.	0.89%	5,832,553	$1.6B	trimmed−38%	−0.32 pp	20 q
WMBWilliams Companies Inc.	0.89%	26,259,123	$1.6B	trimmed−28%	−0.25 pp	20 q
BABAAlibaba Group Holding Limited	0.85%	11,319,570	$1.5B	trimmed−22%	+0.14 pp	26 q
REGNRegeneron Pharmaceuticals Inc	0.84%	2,324,085	$1.5B	added0%	−0.12 pp	14 q
CTSHCognizant Technology Solutions	0.80%	18,270,347	$1.4B	trimmed−0%	−0.02 pp	24 q
CSCOCisco Systems, Inc. (DE)	0.76%	21,722,716	$1.3B	trimmed−8%	−0.06 pp	43 q
GEHCGE HealthCare Technologies Inc.	0.76%	16,585,509	$1.3B	trimmed−1%	0.00 pp	9 q
NVSNovartis AG	0.75%	11,818,102	$1.3B	trimmed−3%	+0.06 pp	48 q
DDominion Energy, Inc	0.74%	23,308,378	$1.3B	added+3%	+0.03 pp	9 q
LYBLyondellBasell Industries N.V. Class A	0.68%	16,896,032	$1.2B	trimmed−0%	−0.05 pp	20 q
AEPAmerican Electric Power Company, Inc.	0.67%	10,811,550	$1.2B	trimmed−7%	+0.05 pp	5 q
COPConocoPhillips	0.67%	11,221,699	$1.2B	trimmed−2%	+0.01 pp	48 q
FOXAFox Corporation Class A	0.63%	19,637,142	$1.1B	trimmed−7%	+0.03 pp	25 q
SUSuncor Energy, Inc.	0.63%	28,355,454	$1.1B	trimmed−0%	+0.04 pp	35 q
BMRNBioMarin Pharmaceuticals Inc	0.60%	14,955,240	$1.1B	added+1%	+0.04 pp	22 q
BAPCredicorp LTD	0.56%	5,309,780	$988M	trimmed−1%	−0.01 pp	19 q
HPQHP Inc.	0.53%	33,405,553	$925M	trimmed−1%	−0.11 pp	38 q
ALNYAlnylam Pharmaceuticals, Inc.	0.52%	3,351,762	$905M	trimmed−5%	+0.04 pp	36 q
CARRCarrier Global Corporation	0.52%	14,288,350	$906M	trimmed−0%	−0.05 pp	20 q
CPNGCoupang, Inc.	0.51%	40,784,920	$894M	added×2.0	+0.25 pp	4 q
INCYIncyte Genomics Inc	0.51%	14,864,328	$900M	trimmed−0%	−0.09 pp	26 q
BACBank of America Corporation	0.50%	21,004,922	$877M	trimmed−32%	−0.29 pp	48 q
CECelanese Corporation	0.50%	15,391,416	$874M	added+13%	−0.05 pp	48 q
ELANElanco Animal Health Incorporated	0.50%	82,920,582	$871M	trimmed−0%	−0.09 pp	15 q
TAPMolson Coors Beverage Company Class B	0.49%	14,068,310	$856M	trimmed−3%	0.00 pp	28 q
BMYBristol-Myers Squibb Co.	0.45%	13,030,562	$795M	trimmed−15%	−0.06 pp	48 q
AEGAegon Ltd.	0.44%	117,541,105	$775M	trimmed−0%	+0.04 pp	6 q
JDJD.com, Inc.	0.42%	18,062,949	$743M	added+8%	+0.08 pp	38 q
GLPIGaming and Leisure Properties, Inc.	0.39%	13,509,609	$688M	added0%	+0.01 pp	13 q
MDTMedtronic plc	0.39%	7,708,833	$693M	added+1%	+0.03 pp	41 q
STTState Street Corporation	0.37%	7,331,559	$656M	trimmed−1%	−0.05 pp	48 q
VFCV.F. Corporation	0.36%	40,961,475	$636M	trimmed−4%	−0.17 pp	7 q
NBIXNeurocrine Biosciences Inc	0.35%	5,534,624	$612M	added+83%	+0.11 pp	7 q
NTRNutrien Ltd.	0.35%	12,462,259	$619M	trimmed−0%	+0.02 pp	29 q
LINLinde plc	0.35%	1,329,590	$619M	held	—	9 q
GAPThe Gap, Inc.	0.34%	28,734,711	$592M	trimmed−0%	−0.06 pp	26 q
HMCHonda Motor Co., Ltd.	0.33%	21,020,005	$570M	trimmed−5%	−0.04 pp	17 q
XPXP Inc. Class A	0.33%	42,537,845	$585M	trimmed−1%	+0.03 pp	14 q
FOXFox Corporation Class B	0.30%	10,099,284	$532M	trimmed−11%	0.00 pp	25 q
BIDUBaidu, Inc.	0.29%	5,440,815	$501M	trimmed−8%	0.00 pp	48 q
LPLALPL Financial Holdings Inc.	0.28%	1,523,460	$498M	added×3.2	+0.19 pp	3 q
TRPTC Energy Corporation	0.28%	10,486,600	$495M	trimmed−4%	−0.02 pp	19 q
YUMCYum China Holdings, Inc.	0.25%	8,513,162	$443M	added0%	+0.01 pp	16 q
COHRCoherent Corp.	0.24%	6,437,769	$418M	trimmed−37%	−0.32 pp	11 q
CXCemex S.A.B. de C.V.	0.22%	70,320,800	$394M	added+42%	+0.06 pp	48 q
NWSANews Corporation Class A	0.21%	13,846,298	$377M	added+19%	+0.02 pp	47 q
ECHOEchoStar Corporation	0.20%	13,407,953	$343M	trimmed−0%	+0.02 pp	5 q
TECKTeck Resources Limited	0.18%	8,483,340	$309M	trimmed−1%	−0.02 pp	20 q
NTESNetEase, inc.	0.16%	2,803,664	$289M	added+6%	+0.02 pp	16 q
TIGOMillicom International Cellular S.A.	0.15%	8,701,732	$263M	new	+0.15 pp	new
HDBHDFC Bank Limited	0.12%	3,232,300	$215M	trimmed−1%	0.00 pp	6 q
FLUTFlutter Entertainment plc	0.08%	628,878	$139M	held	—	5 q
AXPAmerican Express Company	0.06%	374,172	$101M	trimmed−6%	−0.01 pp	48 q
FMSFresenius Medical Care AG	0.06%	4,173,510	$104M	held	—	13 q
TVGrupo Televisa S.A.	0.06%	64,212,690	$112M	held	—	48 q
SNRENSunrise Communicat-cl A	0.06%	2,289,925	$111M	held	—	2 q
ITUBItau Unibanco Holding S.A.	0.05%	17,493,415	$96M	trimmed−4%	0.00 pp	35 q
LBTYKLiberty Global Ltd. Class C	0.05%	6,682,068	$80M	held	—	48 q
CDNSCadence Design Systems	0.04%	247,415	$63M	trimmed−1%	0.00 pp	48 q
JPMJPMorgan Chase & Co.	0.04%	277,023	$68M	trimmed−6%	0.00 pp	48 q
UNPUnion Pacific Corp.	0.04%	275,962	$65M	trimmed−1%	0.00 pp	48 q
GEVGE Vernova Inc.	0.03%	171,720	$52M	trimmed−4%	0.00 pp	4 q
LBTYALiberty Global Ltd. Class A	0.03%	4,767,561	$55M	held	—	48 q
CVXChevron Corporation	0.02%	182,717	$31M	trimmed−0%	0.00 pp	48 q
DISThe Walt Disney Company	0.02%	296,378	$29M	trimmed−2%	0.00 pp	48 q
LLYEli Lilly & Co.	0.02%	45,086	$37M	added+1%	0.00 pp	48 q
MCHPMicrochip Technology Inc	0.02%	598,973	$29M	trimmed−2%	0.00 pp	27 q
TRVThe Travelers Companies, Inc.	0.02%	106,777	$28M	trimmed−1%	0.00 pp	48 q
AZNNAstrazeneca Plc-spons ADR	0.01%	136,140	$10M	trimmed−5%	0.00 pp	38 q
BSXBoston Scientific Corp.	0.01%	91,695	$9M	trimmed−3%	+0.01 pp	48 q
CATCaterpillar Inc.	0.01%	41,951	$14M	trimmed−0%	0.00 pp	48 q
XOMExxon Mobil Corp	0.01%	77,863	$9M	trimmed−1%	+0.01 pp	48 q
MRKMerck & Co., Inc.	0.01%	157,069	$14M	trimmed−0%	0.00 pp	48 q
PGProcter & Gamble Company	0.01%	94,376	$16M	trimmed−0%	0.00 pp	48 q
SLBSLB Limited	0.01%	607,409	$25M	trimmed−2%	0.00 pp	48 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.01%	107,500	$18M	held	—	6 q
TGTTarget Corporation	0.01%	113,609	$12M	trimmed−0%	0.00 pp	48 q
TMOThermo Fisher Scientific, Inc.	0.01%	26,106	$13M	trimmed−0%	0.00 pp	48 q
WMTWalmart Inc.	0.01%	180,285	$16M	trimmed−2%	0.00 pp	48 q
ACMRACM Research, Inc. Class A	0.00%	63,092	$1M	added+18%	0.00 pp	3 q
ABTAbbott Laboratories	0.00%	17,324	$2M	trimmed−3%	0.00 pp	48 q
ABBVAbbvie Inc.	0.00%	10,473	$2M	trimmed−5%	0.00 pp	48 q
ADBEAdobe Inc.	0.00%	19,900	$8M	trimmed−5%	−0.01 pp	48 q
AMGAffiliated Managers Group	0.00%	3,000	$504,090	trimmed−54%	0.00 pp	2 q
ALLThe Allstate Corporation	0.00%	2,595	$537,347	trimmed−1%	0.00 pp	48 q
MOAltria Group, Inc.	0.00%	21,000	$1M	held	—	48 q
ABEVAmbev S.a.	0.00%	260,400	$606,732	added+26%	0.00 pp	2 q
AMPAmeriprise Financial, Inc.	0.00%	1,827	$884,469	held	—	48 q
AMGNAmgen Inc	0.00%	13,532	$4M	trimmed−5%	0.00 pp	48 q
ADIAnalog Devices, Inc.	0.00%	31,085	$6M	trimmed−0%	0.00 pp	15 q
ELVElevance Health, Inc.	0.00%	1,200	$521,952	added+9%	0.00 pp	42 q
APAAPA Corporation	0.00%	41,600	$874,432	trimmed−3%	0.00 pp	17 q
AAPLApple Inc.	0.00%	27,144	$6M	added+14%	0.00 pp	48 q
BXKBancolombia S.a.-spons ADR	0.00%	20,946	$842,029	added+85%	0.00 pp	4 q
BDXBecton, Dickinson and Co.	0.00%	980	$224,479	held	—	48 q
BRK.ABerkshire Hathaway Inc.	0.00%	4	$3M	held	—	48 q
BRK.BBERKSHIRE HATHAWAY Class B	0.00%	12,740	$7M	added0%	0.00 pp	48 q
BLKBlackrock, Inc.	0.00%	655	$619,944	trimmed−13%	0.00 pp	2 q
AVGOBroadcom Inc.	0.00%	20,670	$3M	trimmed−12%	0.00 pp	6 q
CTASCintas Corp	0.00%	2,000	$411,060	held	—	10 q
KOCoca-Cola Company	0.00%	24,635	$2M	held	—	48 q
CLColgate-Palmolive Company	0.00%	14,000	$1M	held	—	48 q
CIGCompanhia Energetica De Minas Gerais-CEMIG	0.00%	15,000	$26,400	held	—	2 q
GLWCorning Incorporated	0.00%	40,600	$2M	added0%	0.00 pp	48 q
CTVACorteva, Inc.	0.00%	21,302	$1M	trimmed−9%	0.00 pp	24 q
DHRDanaher Corporation	0.00%	16,525	$3M	held	—	43 q
DEDeere & Company	0.00%	12,736	$6M	trimmed−0%	0.00 pp	48 q
DELLDell Technologies Inc.	0.00%	24,352	$2M	trimmed−4%	0.00 pp	26 q
DEODiageo plc	0.00%	13,197	$1M	trimmed−2%	0.00 pp	48 q
DOWDow Inc.	0.00%	15,609	$545,066	trimmed−4%	0.00 pp	24 q
DDDuPont de Nemours, Inc.	0.00%	17,050	$1M	trimmed−2%	0.00 pp	24 q
EBAYeBay Inc	0.00%	14,700	$995,631	held	—	48 q
GISGeneral Mills, Inc.	0.00%	11,200	$669,648	held	—	48 q
GPCGenuine Parts Company	0.00%	4,665	$555,788	held	—	48 q
ASRGrupo Aeroportuario del Sureste, S.A. de C.V.	0.00%	1,800	$492,876	held	—	2 q
HALHalliburton Company	0.00%	73,660	$2M	trimmed−9%	0.00 pp	48 q
HESHess Corporation	0.00%	45,875	$7M	trimmed−0%	0.00 pp	24 q
HPEHewlett Packard Enterprise Company	0.00%	123,883	$2M	trimmed−9%	0.00 pp	38 q
HDHome Depot, Inc.	0.00%	23,272	$9M	trimmed−4%	−0.01 pp	48 q
HONHoneywell International, Inc.	0.00%	8,019	$2M	held	—	48 q
IBMInternational Business Machines Corporation	0.00%	33,899	$8M	trimmed−1%	0.00 pp	48 q
ISRGIntuitive Surgical Inc.	0.00%	500	$247,635	held	—	4 q
IWDiShares Russell 1000 Value ETF	0.00%	17,100	$3M	held	—	2 q
JOYYJOYY Inc.	0.00%	52,466	$2M	added+50%	0.00 pp	9 q
JNJJohnson & Johnson	0.00%	21,097	$3M	held	—	48 q
JNPJuniper Networks Inc	0.00%	69,575	$3M	trimmed−63%	0.00 pp	42 q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.00%	6,426	$596,654	held	—	5 q
LVSLas Vegas Sands Corp.	0.00%	23,686	$914,990	held	—	11 q
LYVLive Nation Entertainment Inc.	0.00%	5,800	$757,364	trimmed−17%	0.00 pp	2 q
LMTLockheed Martin Corp.	0.00%	775	$346,200	held	—	27 q
LOMALoma Negra Compañía Industrial Argentina Sociedad Anónima	0.00%	30,900	$339,591	held	—	10 q
MGMMgm Resorts International	0.00%	15,500	$459,420	held	—	2 q
MCDMcDonald's Corporation	0.00%	6,573	$2M	added0%	0.00 pp	48 q
MDLZMondelez International, Inc. Class A	0.00%	11,840	$803,344	held	—	48 q
MCOMoody's Corporation	0.00%	1,566	$729,271	held	—	48 q
MSIMotorola Solutions, Inc. New	0.00%	11,228	$5M	added+30%	0.00 pp	48 q
NEENextEra Energy, Inc.	0.00%	23,600	$2M	held	—	48 q
NUENucor Corporation	0.00%	6,200	$746,108	held	—	48 q
OTISOtis Worldwide Corporation	0.00%	21,710	$2M	trimmed−0%	0.00 pp	20 q
PNCPNC Financial Services Group	0.00%	14,200	$2M	trimmed−1%	0.00 pp	48 q
PPGPPG Industries, Inc.	0.00%	2,200	$240,570	held	—	20 q
PHParker-Hannifin Corporation	0.00%	2,500	$2M	held	—	48 q
PYPLPayPal Holdings, Inc.	0.00%	7,575	$494,269	trimmed−31%	0.00 pp	39 q
PEPPepsiCo, Inc.	0.00%	3,075	$461,066	held	—	48 q
PBRPetroleo Brasileiro S.a.-petrobras	0.00%	28,400	$407,256	added+64%	0.00 pp	16 q
PFEPfizer Inc.	0.00%	109,710	$3M	trimmed−2%	0.00 pp	48 q
PMPhilip Morris International Inc.	0.00%	17,000	$3M	held	—	48 q
PSXPhillips 66	0.00%	2,600	$321,048	held	—	48 q
unresolvedQurate Retail Inc	0.00%	22,000	$4,424	held	—	28 q
RIORio Tinto plc	0.00%	4,000	$240,320	held	—	48 q
SHELShell plc	0.00%	57,463	$4M	trimmed−0%	0.00 pp	13 q
SPGIS&P Global Inc.	0.00%	5,400	$3M	held	—	36 q
SNPSSynopsys Inc	0.00%	11,250	$5M	trimmed−1%	0.00 pp	48 q
MMM3M Company	0.00%	9,196	$1M	trimmed−0%	0.00 pp	48 q
TCOMTrip.com Group Limited	0.00%	17,200	$1M	held	—	10 q
TFCTruist Financial Corporation	0.00%	21,512	$885,219	trimmed−62%	0.00 pp	48 q
unresolvedUnilever Spn.Adr 1:1	0.00%	23,900	$1M	held	—	48 q
VOOVanguard S&P 500 ETF	0.00%	1,611	$828,002	new	0.00 pp	new
VZVerizon Communications	0.00%	5,654	$256,465	added+3%	0.00 pp	6 q
VIPSVipshop Holdings Limited	0.00%	118,797	$2M	added+16%	0.00 pp	15 q
VVISA Inc.	0.00%	959	$336,091	added+7%	0.00 pp	43 q
VMCVulcan Materials Company(Holding Company)	0.00%	24,200	$6M	trimmed−1%	0.00 pp	48 q
ZTSZoetis Inc.	0.00%	1,700	$279,905	held	—	20 q
AFYAAfya Limited Class A	0.00%	31,262	$560,528	held	—	9 q
ARCOArcos Dorados Holdings Inc.	0.00%	106,000	$854,360	held	—	2 q
DLODLocal Limited Class A	0.00%	44,900	$374,466	held	—	4 q
GPRKGeopark Limited	0.00%	98,845	$798,668	held	—	11 q
NESRNational Energy Services Reunited Corp.	0.00%	708,594	$5M	trimmed−8%	0.00 pp	2 q
PAXPatria Investments Limited Class A	0.00%	19,800	$223,542	new	0.00 pp	new
CBChubb Limited	0.00%	722	$218,037	new	0.00 pp	new
CPACopa Holdings, S.A.	0.00%	6,950	$642,597	trimmed−5%	0.00 pp	11 q
IFSIntercorp Financial Services Inc.	0.00%	25,169	$833,849	trimmed−3%	0.00 pp	6 q
OXY/WSOccidental Petroleum Corporation Warrants to Purchase	—	−14,252,820	—	exited	−0.23 pp	—
BHFBrighthouse Financial, Inc.	—	−6,669,575	—	exited	−0.19 pp	—
NOAHNoah Holdings Limited	—	−26,840	—	exited	0.00 pp	—
USBU.S. Bancorp	—	−5,800	—	exited	0.00 pp	—