Dodge & Cox

Q3 2025 13F · by David Hoeft, CIO

As of: Sep 30, 2025
Filed: Nov 13, 2025
US stock: $185.3B · prev $178.0B
Positions: 219 · prev 219
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%

Moves168 since the prior filing

+1.7 pp in · −1.7 pp out

New 6 +0.70 pp
Added 50 +1.04 pp
Trimmed 106 −1.30 pp
Exited 6 −0.40 pp

The book

Diversified · behaves like 59 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 17% a year, about 5.8 years per position

Low
Moderate
High

Top 5 positions17% of US stock

Positions219 in this filing · 6 exited


SCHWThe Charles Schwab Corporation	4.28%	83,043,253	$7.9B	trimmed−2%	−0.04 pp	50 q
JCIJohnson Controls International plc	3.81%	64,210,645	$7.1B	trimmed−4%	−0.16 pp	37 q
RTXRTX Corporation	3.62%	40,099,366	$6.7B	trimmed−4%	+0.19 pp	38 q
CVSCvs Health Corporation	2.98%	73,176,586	$5.5B	trimmed−0%	+0.14 pp	29 q
FISVFiserv, Inc.	2.69%	38,634,009	$5.0B	added+30%	−0.19 pp	20 q
METMetLife, Inc.	2.38%	53,659,664	$4.4B	added+1%	−0.02 pp	50 q
MSFTMicrosoft Corp	2.20%	7,872,161	$4.1B	trimmed−3%	−0.08 pp	50 q
FDXFedEx Corporation	2.06%	16,225,160	$3.8B	added+12%	+0.21 pp	50 q
BNYBank of New York Mellon Corporation	2.05%	34,842,944	$3.8B	trimmed−7%	+0.12 pp	50 q
OXYOccidental Petroleum Corporation	2.04%	79,883,371	$3.8B	trimmed−0%	+0.15 pp	50 q
BKNGBooking Holdings Inc.	1.97%	675,082	$3.6B	trimmed−8%	−0.41 pp	31 q
AMZNAmazon.Com Inc	1.93%	16,296,330	$3.6B	trimmed−2%	−0.12 pp	45 q
CMCSAComcast Corp	1.91%	112,567,918	$3.5B	added+1%	−0.32 pp	50 q
TELTE Connectivity plc	1.90%	16,039,754	$3.5B	trimmed−6%	+0.29 pp	5 q
GOOGAlphabet Inc. Class C	1.84%	13,992,737	$3.4B	trimmed−1%	+0.43 pp	46 q
GSKGSK plc	1.83%	78,403,734	$3.4B	trimmed−0%	+0.13 pp	13 q
GILDGilead Sciences Inc	1.80%	30,133,131	$3.3B	trimmed−2%	−0.12 pp	45 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.77%	9,505,636	$3.3B	added+9%	+0.24 pp	50 q
NSCNorfolk Southern Corp.	1.76%	10,874,249	$3.3B	added0%	+0.20 pp	50 q
SNYSanofi	1.76%	68,931,747	$3.3B	trimmed−4%	−0.19 pp	50 q
WFCWells Fargo & Co.	1.76%	38,887,925	$3.3B	trimmed−23%	−0.52 pp	50 q
CHTRCharter Comm Inc Del CL A New	1.75%	11,807,549	$3.2B	added+6%	−0.81 pp	38 q
HUMHumana Inc.	1.59%	11,338,186	$2.9B	trimmed−0%	+0.03 pp	6 q
METAMeta Platforms, Inc. Class A	1.57%	3,963,207	$2.9B	trimmed−5%	−0.16 pp	22 q
FISFidelity National Information Services, Inc.	1.53%	43,105,207	$2.8B	added+22%	−0.08 pp	14 q
GOOGLAlphabet Inc. Class A	1.49%	11,338,777	$2.8B	added+1%	+0.37 pp	40 q
CIThe Cigna Group	1.45%	9,305,225	$2.7B	added+4%	−0.21 pp	28 q
COFCapital One Financial	1.39%	12,107,917	$2.6B	trimmed−6%	−0.15 pp	50 q
REGNRegeneron Pharmaceuticals Inc	1.38%	4,550,845	$2.6B	added+19%	+0.25 pp	16 q
APDAir Products & Chemicals, Inc.	1.33%	9,004,892	$2.5B	added+2%	−0.07 pp	50 q
IFFInternational Flavors & Fragrances Inc.	1.23%	36,972,638	$2.3B	added+5%	−0.22 pp	8 q
ZBHZimmer Biomet Holdings, Inc.	1.23%	23,216,173	$2.3B	added+5%	+0.10 pp	15 q
BUDAnheuser-Busch INBEV SA/NV	1.18%	36,546,221	$2.2B	trimmed−5%	−0.31 pp	16 q
BKRBaker Hughes Company	1.16%	44,053,488	$2.1B	trimmed−1%	+0.20 pp	33 q
FTVFortive Corporation	1.13%	42,595,794	$2.1B	added+28%	+0.16 pp	4 q
GEHCGE HealthCare Technologies Inc.	1.12%	27,517,311	$2.1B	added+17%	+0.14 pp	11 q
BABAAlibaba Group Holding Limited	1.06%	10,975,370	$2.0B	added0%	+0.36 pp	28 q
GEGE Aerospace	1.02%	6,271,622	$1.9B	trimmed−31%	−0.29 pp	17 q
SBACSBA Communications Corp	1.01%	9,667,297	$1.9B	added+12%	−0.13 pp	5 q
SUISun Communities, Inc	1.01%	14,480,815	$1.9B	added+2%	0.00 pp	7 q
GSGoldman Sachs Group Inc.	0.95%	2,208,625	$1.8B	trimmed−33%	−0.36 pp	50 q
UBSUBS Group AG	0.95%	42,641,442	$1.8B	trimmed−7%	+0.08 pp	29 q
ELANElanco Animal Health Incorporated	0.90%	82,759,837	$1.7B	trimmed−0%	+0.23 pp	17 q
CPNGCoupang, Inc.	0.82%	46,947,720	$1.5B	added+1%	+0.04 pp	6 q
AVTRAvantor, Inc.	0.79%	117,746,888	$1.5B	added0%	−0.10 pp	9 q
DDominion Energy, Inc	0.75%	22,780,033	$1.4B	trimmed−1%	+0.02 pp	11 q
HLNHaleon plc	0.75%	154,384,622	$1.4B	trimmed−1%	−0.16 pp	13 q
NVSNovartis AG	0.73%	10,585,145	$1.4B	trimmed−1%	+0.01 pp	50 q
BAXBaxter International Inc.	0.71%	57,396,370	$1.3B	added+10%	−0.18 pp	9 q
BAPCredicorp LTD	0.70%	4,899,715	$1.3B	trimmed−5%	+0.05 pp	21 q
WTWWillis Towers Watson Public Limited Company	0.68%	3,632,191	$1.3B	added×2.8	+0.46 pp	2 q
AONAon plc Class A	0.67%	3,464,683	$1.2B	new	+0.67 pp	new
INCYIncyte Genomics Inc	0.64%	13,932,416	$1.2B	trimmed−5%	+0.08 pp	28 q
SUSuncor Energy, Inc.	0.62%	27,471,954	$1.1B	added0%	+0.04 pp	37 q
LPLALPL Financial Holdings Inc.	0.60%	3,329,255	$1.1B	added+23%	+0.03 pp	5 q
CTSHCognizant Technology Solutions	0.59%	16,201,642	$1.1B	trimmed−0%	−0.12 pp	26 q
AEPAmerican Electric Power Company, Inc.	0.58%	9,523,516	$1.1B	trimmed−1%	+0.02 pp	7 q
ALNYAlnylam Pharmaceuticals, Inc.	0.57%	2,321,230	$1.1B	trimmed−27%	−0.02 pp	38 q
COPConocoPhillips	0.53%	10,327,000	$977M	trimmed−8%	−0.04 pp	50 q
TDYTeledyne Technologies Incorporated	0.53%	1,680,962	$985M	added+12%	+0.10 pp	2 q
HPQHP Inc.	0.51%	34,683,331	$944M	trimmed−1%	+0.03 pp	40 q
ADMArcher Daniels Midland Company	0.49%	15,068,544	$900M	added×2.3	+0.30 pp	2 q
ECHOEchoStar Corporation	0.49%	11,791,127	$900M	trimmed−12%	+0.28 pp	7 q
TMUST-Mobile US, Inc.	0.48%	3,743,522	$896M	trimmed−9%	−0.07 pp	22 q
CXCemex S.A.B. de C.V.	0.47%	96,734,370	$870M	added+2%	+0.10 pp	50 q
FOXAFox Corporation Class A	0.45%	13,151,969	$829M	trimmed−6%	+0.01 pp	27 q
TAPMolson Coors Beverage Company Class B	0.45%	18,631,224	$843M	added+29%	+0.06 pp	30 q
LYBLyondellBasell Industries N.V. Class A	0.45%	16,969,062	$832M	trimmed−0%	−0.10 pp	22 q
BACBank of America Corporation	0.43%	15,347,021	$792M	trimmed−14%	−0.04 pp	50 q
BMRNBioMarin Pharmaceuticals Inc	0.43%	14,686,801	$795M	trimmed−3%	−0.04 pp	24 q
CARRCarrier Global Corporation	0.43%	13,427,697	$802M	added+5%	−0.10 pp	22 q
STTState Street Corporation	0.43%	6,795,174	$788M	trimmed−8%	−0.01 pp	50 q
NBIXNeurocrine Biosciences Inc	0.42%	5,556,618	$780M	trimmed−0%	+0.03 pp	9 q
MDTMedtronic plc	0.40%	7,725,071	$736M	trimmed−0%	+0.02 pp	43 q
AEGAegon Ltd.	0.37%	85,783,505	$685M	trimmed−3%	+0.01 pp	8 q
CECelanese Corporation	0.35%	15,361,604	$646M	added0%	−0.13 pp	50 q
JDJD.com, Inc.	0.35%	18,792,249	$657M	added0%	+0.01 pp	40 q
XPXP Inc. Class A	0.35%	34,478,145	$648M	added0%	−0.04 pp	16 q
GLPIGaming and Leisure Properties, Inc.	0.34%	13,582,857	$633M	trimmed−0%	−0.02 pp	15 q
LINLinde plc	0.34%	1,329,590	$632M	held	—	11 q
VFCV.F. Corporation	0.32%	40,977,400	$591M	added0%	+0.05 pp	9 q
BIDUBaidu, Inc.	0.31%	4,404,415	$580M	trimmed−19%	+0.05 pp	50 q
ADBEAdobe Inc.	0.30%	1,593,506	$562M	added×81.1	+0.30 pp	50 q
TRPTC Energy Corporation	0.28%	9,645,800	$525M	held	—	21 q
RALRalliant Corporation	0.25%	10,780,303	$471M	trimmed−0%	−0.04 pp	2 q
FOXFox Corporation Class B	0.23%	7,285,191	$417M	trimmed−0%	+0.02 pp	27 q
MCHPMicrochip Technology Inc	0.22%	6,211,864	$399M	trimmed−2%	−0.03 pp	29 q
TIGOMillicom International Cellular S.A.	0.22%	8,448,632	$410M	trimmed−4%	+0.03 pp	3 q
NWSANews Corporation Class A	0.21%	12,476,445	$383M	trimmed−4%	−0.01 pp	49 q
YUMCYum China Holdings, Inc.	0.20%	8,520,862	$366M	added0%	−0.01 pp	18 q
BNTXBioNTech SE	0.19%	3,647,091	$360M	added×4.2	+0.14 pp	2 q
NTESNetEase, inc.	0.19%	2,292,576	$348M	trimmed−17%	−0.02 pp	18 q
TECKTeck Resources Limited	0.19%	7,871,440	$345M	trimmed−7%	0.00 pp	22 q
BMYBristol-Myers Squibb Co.	0.18%	7,423,820	$335M	trimmed−12%	−0.04 pp	50 q
AMRZAmrize Ltd	0.15%	5,786,541	$280M	trimmed−54%	−0.20 pp	2 q
HDBHDFC Bank Limited	0.11%	6,214,800	$212M	added+4%	−0.02 pp	8 q
TVGrupo Televisa S.A.	0.09%	64,208,690	$173M	held	—	50 q
FLUTFlutter Entertainment plc	0.09%	628,878	$160M	held	—	7 q
ITUBItau Unibanco Holding S.A.	0.07%	18,622,215	$137M	added+5%	0.00 pp	37 q
AXPAmerican Express Company	0.06%	345,492	$115M	trimmed−4%	0.00 pp	50 q
GAPThe Gap, Inc.	0.06%	5,429,526	$116M	trimmed−0%	−0.01 pp	28 q
CDNSCadence Design Systems	0.05%	240,525	$84M	trimmed−2%	+0.01 pp	50 q
FMSFresenius Medical Care AG	0.05%	3,826,910	$101M	held	—	15 q
GEVGE Vernova Inc.	0.05%	153,740	$95M	trimmed−5%	0.00 pp	6 q
COHRCoherent Corp.	0.04%	744,879	$80M	trimmed−57%	−0.05 pp	13 q
WMBWilliams Companies Inc.	0.04%	1,115,522	$71M	trimmed−2%	0.00 pp	22 q
LBTYKLiberty Global Ltd. Class C	0.04%	6,682,068	$79M	held	—	50 q
IEXIDEX Corporation	0.03%	344,342	$56M	new	+0.03 pp	new
JPMJPMorgan Chase & Co.	0.03%	194,655	$61M	trimmed−27%	−0.01 pp	50 q
UNPUnion Pacific Corp.	0.03%	272,881	$65M	trimmed−1%	−0.01 pp	50 q
LBTYALiberty Global Ltd. Class A	0.03%	4,767,561	$55M	held	—	50 q
CVXChevron Corporation	0.02%	223,271	$35M	added+23%	+0.01 pp	50 q
DISThe Walt Disney Company	0.02%	288,127	$33M	trimmed−1%	0.00 pp	50 q
LLYEli Lilly & Co.	0.02%	43,384	$33M	trimmed−4%	0.00 pp	50 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.02%	107,800	$30M	held	—	8 q
TRVThe Travelers Companies, Inc.	0.02%	100,965	$28M	trimmed−3%	0.00 pp	50 q
AZNNAstrazeneca Plc-spons ADR	0.01%	137,488	$11M	held	—	40 q
CATCaterpillar Inc.	0.01%	40,794	$19M	trimmed−3%	0.00 pp	50 q
CSCOCisco Systems, Inc. (DE)	0.01%	217,789	$15M	trimmed−65%	−0.01 pp	45 q
HDHome Depot, Inc.	0.01%	23,272	$9M	trimmed−1%	+0.01 pp	50 q
IBMInternational Business Machines Corporation	0.01%	47,188	$13M	trimmed−2%	0.00 pp	50 q
MRKMerck & Co., Inc.	0.01%	154,275	$13M	trimmed−2%	0.00 pp	50 q
PGProcter & Gamble Company	0.01%	90,796	$14M	trimmed−4%	0.00 pp	50 q
SLBSLB Limited	0.01%	476,259	$16M	trimmed−16%	0.00 pp	50 q
TGTTarget Corporation	0.01%	106,079	$10M	trimmed−3%	0.00 pp	50 q
TMOThermo Fisher Scientific, Inc.	0.01%	25,741	$12M	trimmed−1%	0.00 pp	50 q
WMTWalmart Inc.	0.01%	180,835	$19M	added+1%	0.00 pp	50 q
NESRNational Energy Services Reunited Corp.	0.01%	2,255,894	$23M	added+6%	0.00 pp	4 q
ACMRACM Research, Inc. Class A	0.00%	122,892	$5M	added+52%	0.00 pp	5 q
ABTAbbott Laboratories	0.00%	17,324	$2M	held	—	50 q
ABBVAbbvie Inc.	0.00%	10,473	$2M	held	—	50 q
AMGAffiliated Managers Group	0.00%	2,400	$572,232	trimmed−20%	0.00 pp	4 q
ALLThe Allstate Corporation	0.00%	2,595	$557,017	held	—	50 q
MOAltria Group, Inc.	0.00%	21,000	$1M	held	—	50 q
ABEVAmbev S.a.	0.00%	276,300	$616,149	added+6%	0.00 pp	4 q
AMPAmeriprise Financial, Inc.	0.00%	1,500	$736,875	trimmed−18%	0.00 pp	50 q
AMGNAmgen Inc	0.00%	13,367	$4M	trimmed−2%	0.00 pp	50 q
ADIAnalog Devices, Inc.	0.00%	30,805	$8M	held	—	17 q
ELVElevance Health, Inc.	0.00%	1,300	$420,056	held	—	44 q
APAAPA Corporation	0.00%	35,200	$854,656	trimmed−15%	0.00 pp	19 q
AAPLApple Inc.	0.00%	31,322	$8M	added+4%	0.00 pp	50 q
BRK.ABerkshire Hathaway Inc.	0.00%	4	$3M	held	—	50 q
BRK.BBERKSHIRE HATHAWAY Class B	0.00%	11,440	$6M	trimmed−10%	0.00 pp	50 q
BLKBlackrock, Inc.	0.00%	655	$763,645	held	—	4 q
BSXBoston Scientific Corp.	0.00%	88,885	$9M	trimmed−2%	−0.01 pp	50 q
AVGOBroadcom Inc.	0.00%	21,030	$7M	trimmed−1%	0.00 pp	8 q
CTASCintas Corp	0.00%	1,800	$369,468	trimmed−10%	0.00 pp	12 q
KOCoca-Cola Company	0.00%	24,000	$2M	trimmed−3%	0.00 pp	50 q
CLColgate-Palmolive Company	0.00%	14,000	$1M	held	—	50 q
CIGCompanhia Energetica De Minas Gerais-CEMIG	0.00%	15,000	$31,650	held	—	4 q
GLWCorning Incorporated	0.00%	39,900	$3M	held	—	50 q
CTVACorteva, Inc.	0.00%	20,539	$1M	trimmed−2%	0.00 pp	26 q
DHRDanaher Corporation	0.00%	16,450	$3M	trimmed−0%	0.00 pp	45 q
DEDeere & Company	0.00%	12,626	$6M	trimmed−1%	0.00 pp	50 q
DELLDell Technologies Inc.	0.00%	23,630	$3M	trimmed−4%	0.00 pp	28 q
DEODiageo plc	0.00%	11,077	$1M	trimmed−1%	0.00 pp	50 q
DOWDow Inc.	0.00%	11,711	$268,533	trimmed−18%	0.00 pp	26 q
DDDuPont de Nemours, Inc.	0.00%	15,175	$1M	trimmed−2%	0.00 pp	26 q
EBAYeBay Inc	0.00%	14,050	$1M	trimmed−0%	0.00 pp	50 q
XOMExxon Mobil Corp	0.00%	75,863	$9M	trimmed−2%	0.00 pp	50 q
GISGeneral Mills, Inc.	0.00%	11,200	$564,704	held	—	50 q
GPCGenuine Parts Company	0.00%	4,665	$646,569	held	—	50 q
ASRGrupo Aeroportuario del Sureste, S.A. de C.V.	0.00%	1,700	$549,661	held	—	4 q
CIBGrupo Cibest S.A.	0.00%	12,046	$625,669	held	—	2 q
HALHalliburton Company	0.00%	14,700	$361,620	trimmed−72%	0.00 pp	50 q
HPEHewlett Packard Enterprise Company	0.00%	87,754	$2M	trimmed−1%	0.00 pp	40 q
HONHoneywell International, Inc.	0.00%	8,019	$2M	held	—	50 q
ISRGIntuitive Surgical Inc.	0.00%	500	$223,615	held	—	6 q
JOYYJOYY Inc.	0.00%	49,606	$3M	held	—	11 q
JNJJohnson & Johnson	0.00%	20,947	$4M	held	—	50 q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.00%	17,826	$1M	added×2.3	0.00 pp	7 q
LVSLas Vegas Sands Corp.	0.00%	28,186	$2M	held	—	13 q
LAURLaureate Education, Inc.	0.00%	15,700	$495,178	added+20%	0.00 pp	2 q
LYVLive Nation Entertainment Inc.	0.00%	4,500	$735,300	trimmed−17%	0.00 pp	4 q
LMTLockheed Martin Corp.	0.00%	775	$386,888	held	—	29 q
LOMALoma Negra Compañía Industrial Argentina Sociedad Anónima	0.00%	36,400	$268,268	added+17%	0.00 pp	12 q
MGMMgm Resorts International	0.00%	10,500	$363,930	trimmed−25%	0.00 pp	4 q
MCDMcDonald's Corporation	0.00%	6,475	$2M	trimmed−1%	0.00 pp	50 q
MELIMercado Libre, Inc	0.00%	392	$916,080	new	0.00 pp	new
MDLZMondelez International, Inc. Class A	0.00%	11,840	$739,645	held	—	50 q
MCOMoody's Corporation	0.00%	1,566	$746,168	held	—	50 q
MSIMotorola Solutions, Inc. New	0.00%	11,355	$5M	held	—	50 q
NEENextEra Energy, Inc.	0.00%	23,600	$2M	held	—	50 q
NUENucor Corporation	0.00%	6,200	$839,666	held	—	50 q
NVDANvidia Corp	0.00%	3,400	$634,372	new	0.00 pp	new
OTISOtis Worldwide Corporation	0.00%	16,610	$2M	trimmed−14%	0.00 pp	22 q
PNCPNC Financial Services Group	0.00%	14,065	$3M	trimmed−0%	0.00 pp	50 q
PPGPPG Industries, Inc.	0.00%	2,200	$231,242	held	—	22 q
PHParker-Hannifin Corporation	0.00%	2,500	$2M	held	—	50 q
PYPLPayPal Holdings, Inc.	0.00%	4,475	$300,094	held	—	41 q
PEPPepsiCo, Inc.	0.00%	3,075	$431,853	held	—	50 q
PBRPetroleo Brasileiro S.a.-petrobras	0.00%	32,700	$413,982	added+8%	0.00 pp	18 q
PFEPfizer Inc.	0.00%	93,014	$2M	trimmed−14%	0.00 pp	50 q
PMPhilip Morris International Inc.	0.00%	17,000	$3M	held	—	50 q
PSXPhillips 66	0.00%	2,600	$353,652	held	—	50 q
PSMTPricesmart Inc	0.00%	6,156	$746,046	new	0.00 pp	new
SHELShell plc	0.00%	55,919	$4M	trimmed−2%	0.00 pp	15 q
SPGIS&P Global Inc.	0.00%	5,400	$3M	held	—	38 q
SNPSSynopsys Inc	0.00%	10,900	$5M	trimmed−1%	0.00 pp	50 q
MMM3M Company	0.00%	7,696	$1M	trimmed−16%	0.00 pp	50 q
TCOMTrip.com Group Limited	0.00%	19,250	$1M	held	—	12 q
TFCTruist Financial Corporation	0.00%	20,911	$956,051	held	—	50 q
unresolvedUnilever Spn.Adr 1:1	0.00%	23,900	$1M	held	—	50 q
VOOVanguard S&P 500 ETF	0.00%	650	$398,158	trimmed−46%	0.00 pp	3 q
VZVerizon Communications	0.00%	5,500	$241,725	held	—	8 q
VIPSVipshop Holdings Limited	0.00%	124,197	$2M	held	—	17 q
VVISA Inc.	0.00%	859	$293,245	held	—	45 q
VMCVulcan Materials Company(Holding Company)	0.00%	24,100	$7M	trimmed−0%	0.00 pp	50 q
ZHZhihu Inc.	0.00%	276,897	$1M	new	0.00 pp	new
ZTSZoetis Inc.	0.00%	1,500	$219,480	held	—	22 q
AFYAAfya Limited Class A	0.00%	35,262	$550,087	held	—	11 q
ARCOArcos Dorados Holdings Inc.	0.00%	109,966	$742,271	held	—	4 q
DLODLocal Limited Class A	0.00%	36,700	$524,076	held	—	6 q
GPRKGeopark Limited	0.00%	93,045	$592,697	added+10%	0.00 pp	13 q
PAXPatria Investments Limited Class A	0.00%	21,200	$309,520	held	—	3 q
CBChubb Limited	0.00%	722	$203,785	held	—	3 q
JBSJbs N.v.	0.00%	15,950	$238,134	held	—	2 q
CPACopa Holdings, S.A.	0.00%	3,950	$469,339	held	—	13 q
IFSIntercorp Financial Services Inc.	0.00%	17,391	$701,553	held	—	8 q
NTRNutrien Ltd.	—	−10,076,659	—	exited	−0.33 pp	—
SNRENSunrise Communicat-cl A	—	−2,289,925	—	exited	−0.07 pp	—
HESHess Corporation	—	−44,525	—	exited	0.00 pp	—
HMCHonda Motor Co., Ltd.	—	−78,950	—	exited	0.00 pp	—
JNPJuniper Networks Inc	—	−66,959	—	exited	0.00 pp	—
RIORio Tinto plc	—	−4,000	—	exited	0.00 pp	—