In a quarterly disclosure filed with the SEC, investment manager Dodge & Cox reported a significant reduction in its holdings of FedEx Corp. (FDX) for the period ending June 30, 2026. The firm sold approximately 2.75 million shares, cutting its position by 27.55% to 7.23 million shares. This trade is disclosed in a 13F filing, which provides a delayed look at institutional investment portfolios and does not reflect real-time trading activity.
The reporting period for this trade coincided with a major corporate restructuring at FedEx. On June 1, 2026, FedEx completed the spinoff of its FedEx Freight division into a separate, publicly traded company. While Dodge & Cox has not publicly commented on its specific reasons for the sale, the move came amid this significant strategic change for the global shipping and logistics company.