Dodge & Cox’s Hess HES Stock Holding History

Dodge & Cox’s Portfolio HES Stock Details HES Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-44,525	Closed	-$6.17M	–	220
2025 Q2	$6.17M	Sell	44,525 -1,350	-3%	-$182K	﹤0.01%	136
2025 Q1	$7.33M	Sell	45,875 -75	-0.2%	-$11K	﹤0.01%	125
2024 Q4	$6.11M	Sell	45,950 -600	-1%	-$83.8K	﹤0.01%	130
2024 Q3	$6.32M	Hold	46,550	–	–	﹤0.01%	125
2024 Q2	$6.87M	Sell	46,550 -1,050	-2%	-$161K	﹤0.01%	123
2024 Q1	$7.27M	Sell	47,600 -550	-1%	-$79.9K	﹤0.01%	119
2023 Q4	$6.94M	Sell	48,150 -3,182	-6%	-$466K	﹤0.01%	120
2023 Q3	$7.85M	Sell	51,332 -4,900	-9%	-$738K	0.01%	117
2023 Q2	$7.64M	Sell	56,232 -4,550	-7%	-$623K	0.01%	113
2023 Q1	$8.04M	Sell	60,782 -8,350	-12%	-$1.16M	0.01%	113
2022 Q4	$9.8M	Sell	69,132 -16,428	-19%	-$2.26M	0.01%	111
2022 Q3	$9.32M	Sell	85,560 -14,450	-14%	-$1.6M	0.01%	112
2022 Q2	$10.6M	Sell	100,010 -16,350	-14%	-$1.85M	0.01%	109
2022 Q1	$12.5M	Sell	116,360 -9,556,341	-99%	-$906M	0.01%	109
2021 Q4	$716M	Sell	9,672,701 -1,987,435	-17%	-$161M	0.44%	61
2021 Q3	$911M	Sell	11,660,136 -342,139	-3%	-$25.2M	0.59%	57
2021 Q2	$1.05B	Sell	12,002,275 -894,834	-7%	-$72.2M	0.69%	54
2021 Q1	$913M	Sell	12,897,109 -4,307,480	-25%	-$275M	0.65%	51
2020 Q4	$908M	Sell	17,204,589 -1,106,291	-6%	-$50.3M	0.72%	49
2020 Q3	$749M	Sell	18,310,880 -1,943,240	-10%	-$92.3M	0.69%	52
2020 Q2	$1.05B	Sell	20,254,120 -1,519,900	-7%	-$69.6M	0.97%	39
2020 Q1	$725M	Buy	21,774,020 +7,018,986	+48%	+$380M	0.78%	46
2019 Q4	$986M	Buy	14,755,034 +13,466	+0.1%	+$881K	0.75%	47
2019 Q3	$892M	Buy	14,741,568 +5,092,449	+53%	+$317M	0.73%	46
2019 Q2	$613M	Buy	+9,649,119	New	+$597M	0.5%	60
2018 Q4	–	Sell	-3,906	Closed	-$280K	–	184
2018 Q3	$280K	Hold	3,906	–	–	﹤0.01%	179
2018 Q2	$261K	Sell	3,906 -100	-2%	-$5.97K	﹤0.01%	169
2018 Q1	$203K	Buy	+4,006	New	+$196K	﹤0.01%	175
2017 Q1	–	Sell	-4,106	Closed	-$256K	–	179
2016 Q4	$256K	Hold	4,106	–	–	﹤0.01%	174
2016 Q3	$220K	Hold	4,106	–	–	﹤0.01%	173
2016 Q2	$247K	Hold	4,106	–	–	﹤0.01%	167
2016 Q1	$216K	Sell	4,106 -300	-7%	-$13.3K	﹤0.01%	186
2015 Q4	$214K	Hold	4,406	–	–	﹤0.01%	181
2015 Q3	$221K	Sell	4,406 -600	-12%	-$34.3K	﹤0.01%	180
2015 Q2	$335K	Hold	5,006	–	–	﹤0.01%	163
2015 Q1	$340K	Hold	5,006	–	–	﹤0.01%	167
2014 Q4	$370K	Sell	5,006 -1,606	-24%	-$127K	﹤0.01%	167
2014 Q3	$624K	Hold	6,612	–	–	﹤0.01%	144
2014 Q2	$654K	Sell	6,612 -200	-3%	-$18K	﹤0.01%	139
2014 Q1	$565K	Hold	6,812	–	–	﹤0.01%	142
2013 Q4	$565K	Hold	6,812	–	–	﹤0.01%	142
2013 Q3	$527K	Hold	6,812	–	–	﹤0.01%	144
2013 Q2	$453K	Buy	+6,812	New	+$471K	﹤0.01%	147

Other funds holding HES

DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return

Osaic Holdings Scottsdale, Arizona $68.3B AUM 20.5% 1-Year Est. Return

BIG

Brooklyn Investment Group Brooklyn, New York $3.2B AUM 26.32% 1-Year Est. Return

IFP Advisors Tampa, Florida $4.82B AUM 20.19% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

HNB

Huntington National Bank Columbus, Ohio $18.1B AUM 24.69% 1-Year Est. Return

SignatureFD Atlanta, Georgia $6.53B AUM 20.48% 1-Year Est. Return

Dodge & Cox's HES Position: Q3 2025 in Review

Dodge & Cox sold out of Hess (HES) in Q3 2025, closing a stake of 44,525 shares — an estimated $6.17M sold.

Dodge & Cox first reported a position in HES in Q2 2013 and held it in 43 quarters. The position peaked at $1.05B in Q2 2020. 7 funds tracked by Wall St. Rank hold HES as of Q3 2025.

Dodge & Cox reported no remaining Hess position as of Q3 2025 after selling out during the quarter.
Dodge & Cox sold 44,525 Hess shares in Q3 2025, an estimated $6.17M.
Dodge & Cox first reported a position in Hess in Q2 2013 and held it in 43 quarters.
Dodge & Cox's Hess position peaked at $1.05B in Q2 2020.
7 funds tracked by Wall St. Rank held Hess as of Q3 2025.

Based on Dodge & Cox's 13F filing for Q3 2025, filed 13 Nov 2025.