Value investor Dodge & Cox disclosed a significant reduction in its State Street Corp. (STT) holdings, selling over 3.4 million shares to nearly liquidate its position. According to a quarterly disclosure filed with the SEC, the firm's stake dropped by 99.05%, from 3.50 million shares down to just 33,330. The reported value of this position decreased from $442.94 million to $5.65 million.
Investors should note that this information comes from a delayed 13F filing, which reports positions held as of June 30, 2026, and was made public on August 13. The trades occurred at some point during the second quarter. Dodge & Cox has not publicly commented on the reason for this substantial divestment from the financial services giant.