Dodge & Cox Stock Fund exited Novartis AG ADR (NVS) during 2026 Q2, according to the NPORT-P filed with the SEC on August 28, 2026, selling all 5.09M shares. The position had been worth about $777.1M at the prior quarter-end and carried 0.68% of the book. NVS had been in the portfolio for about 7 years, since the quarter ended September 30, 2019.
What did the 2026 Q2 filing report for NVS?
As of June 30, 2026, from the NPORT-P filed August 28, 2026.
| Before | After | |
|---|---|---|
| Shares | 5.09M | 0 |
| Reported value | $777.1M | $0 |
| Portfolio weight | 0.68% | 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 5.09M shares of NVS between the quarter ended March 31, 2026 and June 30, 2026. The NVS exit was the 8th largest of the quarter's 56 position changes by percent change to portfolio.
Where does NVS sit in the Dodge & Cox Stock Fund portfolio?
Before the sale, NVS carried 0.68% 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.
How long has Dodge & Cox Stock Fund held NVS?
Dodge & Cox Stock Fund held NVS for about 7 years, from the quarter ended September 30, 2019 to March 31, 2026. The weight peaked at 2.29% in 2020 Q1. Last quarter the fund had already cut the position by 25%, so the exit finishes a two-quarter unwind. Every reported trade is on the Dodge & Cox Stock Fund NVS trade history page.
Did other funds buy or sell NVS in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 28, 2026, 3 still hold NVS. The largest buyer of NVS this quarter was Sarah Ketterer. The largest sellers were Tweedy, Browne Co All Funds (US) and Kahn Brothers Group. Every tracked holder of NVS is on the NVS ownership page.
FAQ
How many NVS shares did Dodge & Cox Stock Fund sell?
Dodge & Cox Stock Fund sold all 5.09M shares of NVS it reported a quarter earlier, worth about $777.1M.
When did Dodge & Cox Stock Fund first buy NVS?
Dodge & Cox Stock Fund first reported NVS in the quarter ended September 30, 2019.
How much of the Dodge & Cox Stock Fund portfolio was NVS?
NVS was 0.68% of the Dodge & Cox Stock Fund portfolio at the prior quarter-end, and 0% after the sale.
Did other funds sell NVS in 2026 Q2?
No other tracked fund sold out of NVS in 2026 Q2, but 2 trimmed it; 3 still hold it.