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Dodge & Cox Stock Fund exited its entire BMY position, held for ~7 years.

Sold out of a position that was 3,201,639 shares worth $194.18M as of the previous filing.
Published · Based on SEC filings

Medium impact
Position exited
2026 Q2

Dodge & Cox Stock Fund exited Bristol-Myers Squibb Company (BMY) during 2026 Q2, according to the NPORT-P filed with the SEC on August 28, 2026, selling all 3.2M shares. The position had been worth about $194.2M at the prior quarter-end and carried 0.17% of the book. BMY had been in the portfolio for about 7 years, since the quarter ended September 30, 2019.

What did the 2026 Q2 filing report for BMY?

As of June 30, 2026, from the NPORT-P filed August 28, 2026.

Before After
Shares 3.2M 0
Reported value $194.2M $0
Portfolio weight 0.17% 0%
Held since 2019 Q3 sold out in 2026 Q2
Quarters held 27

What did Dodge & Cox Stock Fund sell?

Dodge & Cox Stock Fund sold 3.2M shares of BMY between the quarter ended March 31, 2026 and June 30, 2026. The BMY exit was the 26th largest of the quarter's 56 position changes by percent change to portfolio.

Where does BMY sit in the Dodge & Cox Stock Fund portfolio?

Before the sale, BMY carried 0.17% of the Dodge & Cox Stock Fund portfolio, below the fund's average stock position of 1%. The largest stock position is SCHW at 4.01%. Next come RTX at 3.75% and TSMWF at 3.55%. The three largest stocks together are 11.31% of the book. Across the 2026 Q2 portfolio, Dodge & Cox Stock Fund reported 85 stock positions, with 5 opened and 7 closed. The total portfolio value is about $118.2B, up 3% from the prior quarter.

Dodge & Cox Stock Fund buys and sells, 2026 Q2

How long has Dodge & Cox Stock Fund held BMY?

Dodge & Cox Stock Fund held BMY for about 7 years, from the quarter ended September 30, 2019 to March 31, 2026. The weight peaked at 2.63% in 2019 Q4. Last quarter the fund had already cut the position by 37%, so the exit finishes a two-quarter unwind. Every reported trade is on the Dodge & Cox Stock Fund BMY trade history page.

Dodge & Cox Stock Fund shares of BMY by quarter

Did other funds buy or sell BMY in 2026 Q2?

Among the other tracked funds that had filed for 2026 Q2 as of August 28, 2026, 7 still hold BMY. The largest buyers of BMY this quarter were Kahn Brothers Group, Tweedy and Browne Co All Funds (US). The largest sellers were Richard Pzena, Independent Franchise Partners and Mark A. Hillman. Every tracked holder of BMY is on the BMY ownership page.

FAQ

How many BMY shares did Dodge & Cox Stock Fund sell?

Dodge & Cox Stock Fund sold all 3.2M shares of BMY it reported a quarter earlier, worth about $194.2M.

When did Dodge & Cox Stock Fund first buy BMY?

Dodge & Cox Stock Fund first reported BMY in the quarter ended September 30, 2019.

How much of the Dodge & Cox Stock Fund portfolio was BMY?

BMY was 0.17% of the Dodge & Cox Stock Fund portfolio at the prior quarter-end, and 0% after the sale.

Did other funds sell BMY in 2026 Q2?

No other tracked fund sold out of BMY in 2026 Q2, but 3 trimmed it; 7 still hold it.

Source: based on original SEC filings

Figures are from the fund's N-PORT report, which lists its positions at period-end values.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst