In a recent 13F filing with the SEC, investment manager Dodge & Cox disclosed a significant reduction in its holding of The Bank of New York Mellon Corp. (BNY). The filing, which reflects positions held at the end of the second quarter of 2026, revealed that the firm sold approximately 6.79 million shares. This 29.03% decrease brought their total investment down to 16.61 million shares.
As with all 13F filings, this information is reported with a delay and reflects the firm's portfolio as of June 30, 2026, not a real-time trade. The reported value of Dodge & Cox's remaining stake in BNY Mellon was approximately $2.40 billion. The sale represented a notable shift in the asset manager's position in the major financial institution.