Dodge & Cox discloses 5.9% Aegon Ltd (AEG) ownership in common equity

Rhea-AI Filing Summary

Dodge & Cox has reported a sizable passive stake in Aegon Ltd. As of 12/31/2025, it beneficially owned 93,469,947 Aegon common equity securities, representing 5.9% of the class. This includes 22,947,116 Common Shares and 70,522,831 New York Registry Shares.

Dodge & Cox reports sole voting power over 89,995,507 shares and sole dispositive power over all 93,469,947 shares, with no shared voting or dispositive authority. The economic benefits from dividends and sale proceeds belong to its clients, and the holdings are certified as being for ordinary-course, non‑control purposes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 20)

Aegon Ltd

(Name of Issuer)

Common Shares

(Title of Class of Securities)

0076CA104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 0076CA104

1

Names of Reporting Persons

Dodge & Cox

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 89,995,507.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 93,469,947.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

93,469,947.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Aegon Ltd
(b)	Address of issuer's principal executive offices: World Trade Center Schiphol, Schiphol Boulevard 223, 1118 BH Schiphol, The Netherlands
Item 2.
(a)	Name of person filing: Dodge & Cox
(b)	Address or principal business office or, if none, residence: 555 California Street, 40th Floor, San Francisco, California 94104
(c)	Citizenship: California, USA
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 0076CA104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 93,469,947 (22,947,116 Common Shares and 70,522,831 New York Registry Shares)
(b)	Percent of class: 5.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 89,995,507 (22,947,116 Common Shares and 67,048,391 New York Registry Shares)
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 93,469,947 (22,947,116 Common Shares and 70,522,831 New York Registry Shares)
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The clients of Dodge & Cox, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, Aegon Ltd.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dodge & Cox

Signature:	/S/ Katherine M. Primas
Name/Title:	Chief Compliance Officer
Date:	02/13/2026

FAQ

What percentage of Aegon Ltd (AEG) does Dodge & Cox beneficially own?

Dodge & Cox beneficially owns 5.9% of Aegon Ltd’s common equity. This represents 93,469,947 securities in total, combining Common Shares and New York Registry Shares, and reflects a significant institutional holding relative to the overall class.

How many Aegon Ltd (AEG) shares does Dodge & Cox report owning and in what form?

Dodge & Cox reports beneficial ownership of 93,469,947 Aegon securities. This consists of 22,947,116 Common Shares and 70,522,831 New York Registry Shares, giving it a substantial position across both listed share formats of the issuer.

What voting power does Dodge & Cox have over its Aegon Ltd (AEG) holdings?

Dodge & Cox has sole voting power over 89,995,507 Aegon securities and no shared voting power. This means it alone can vote or direct the vote on those shares, reflecting concentrated decision-making authority over most of its position.

Who ultimately benefits economically from Dodge & Cox’s Aegon Ltd (AEG) holdings?

The economic benefits from these Aegon holdings go to Dodge & Cox’s clients. Those clients, including registered investment companies and other managed accounts, have rights to receive dividends and proceeds from any sale of the Aegon securities held for them.

Is Dodge & Cox’s Aegon Ltd (AEG) stake intended to influence control of the company?

Dodge & Cox certifies that the Aegon securities were acquired and are held in the ordinary course of business. It states they are not held to change or influence control of Aegon Ltd, indicating a passive investment intent.

What types of Aegon Ltd (AEG) securities are included in Dodge & Cox’s reported ownership?

The reported ownership covers Aegon Ltd Common Shares and New York Registry Shares. Specifically, Dodge & Cox lists 22,947,116 Common Shares and 70,522,831 New York Registry Shares, together forming its 93,469,947‑security beneficial position in the company.