Dodge & Cox 13F: Cuts FedEx (FDX) Stake by $1.8B

Dodge & Cox has reduced its stake in FedEx Corporation, cutting 5,598,719 shares from its holdings. This move, reported in a 13F filing with the SEC on May 14, 2026, represents a 35.9% decrease in its position. After the reduction, Dodge & Cox holds 9,983,449 shares of FedEx, valued at approximately $3.37 billion.

What Changed in Dodge & Cox's FedEx Position

Dodge & Cox's recent filing shows a significant reduction in its FedEx holdings. The fund decreased its stake by 5,598,719 shares, bringing its total down to 9,983,449 shares. This marks a 35.9% reduction in its position, reflecting a strategic decision to trim its exposure to the shipping giant.

FedEx Corporation Stock Up 10.0%

Shares of FedEx are trading near $338. The company boasts a market capitalization of $80.65 billion and a P/E ratio of 18.05, indicating its current earnings relative to its share price. FedEx's stock has seen a 52-week low of $174.13 and a high of $341.14, with a beta of 1.299, suggesting it is more volatile than the market. The company's 50-day moving average is $319.25, providing a short-term trend indicator.

About FedEx Corporation

FedEx Corporation, headquartered in Memphis, Tennessee, is a global leader in transportation, e-commerce, and business services. The company offers a wide range of solutions, including logistics, freight-forwarding, and supply chain management. Under the leadership of CEO Rajesh Subramaniam, FedEx employs approximately 300,000 people and continues to innovate in the integrated freight and logistics industry.

Bottom Line

Dodge & Cox's decision to reduce its stake in FedEx by 35.9% is a notable change in its investment strategy. Investors often track such filings to gauge institutional sentiment, though these reports are backward-looking and may not reflect current positions. FedEx remains a key player in the logistics sector, with its stock trading near historical highs.