Schedule 13G: Dodge & Cox Holds 37.6M Shares of BNY Mellon (5.3%)
Rhea-AI Filing Summary
Schedule 13G (Amendment No. 7) filed by Dodge & Cox reports beneficial ownership of 37,619,374 shares of The Bank of New York Mellon Corporation (CUSIP 064058100), representing 5.3% of the common stock. The filing shows sole voting power for 35,982,049 shares and sole dispositive power for 37,619,374 shares, and identifies the reporting person as an investment adviser (IA).
The statement certifies these securities are held in the ordinary course of business and were not acquired to change or influence control. Item 6 notes that Dodge & Cox clients have the right to receive dividends and sale proceeds for these shares. No shared voting or dispositive powers, group relationships, or subsidiary acquisitions are reported.
Positive
- Definitive ownership disclosure: 37,619,374 shares, representing 5.3% of the common stock
- Clear power allocation: sole voting power over 35,982,049 shares and sole dispositive power over 37,619,374 shares
- Investment adviser classification: Reporting person identified as IA, and filing certifies holdings are in the ordinary course of business
- Client rights disclosed: Clients of Dodge & Cox have the right to receive dividends and sale proceeds for these shares
Negative
- None.
Insights
TL;DR: Dodge & Cox reports a 5.3% beneficial stake in BNY Mellon with sole voting and dispositive authority over the disclosed holdings.
The filing quantifies the position precisely: 37,619,374 shares (5.3%) beneficially owned with sole voting power over 35,982,049 shares and sole dispositive power over all 37,619,374 shares. It is filed on Schedule 13G and identifies Dodge & Cox as an investment adviser (IA). The certification states the securities are held in the ordinary course of business and not for the purpose of changing control, which classifies this as a passive disclosure rather than an active solicitation of control. From a market perspective, the filing clarifies ownership concentration without asserting any intent to influence corporate control.
TL;DR: Large passive stake disclosed; no group, shared powers, or control intentions are reported.
The Schedule 13G indicates that Dodge & Cox has sole voting and sole dispositive authority over the reported shares and explicitly denies acquisition for the purpose of changing control. Item 6 discloses that clients of Dodge & Cox have rights to dividends and sale proceeds. The filing lists no affiliated group members, no subsidiary acquirers, and no shared control arrangements, which suggests the position is reported as a passive IA holding under the SEC framework.