Dodge & Cox (CVS: CVS) reports 50M-share, 3.9% ownership stake in CVS Health

Rhea-AI Filing Summary

Dodge & Cox reported its ownership position in CVS Health Corporation common stock as of June 30, 2026. The firm beneficially owned 50,012,765 shares, representing 3.9% of the outstanding common stock. Dodge & Cox had sole voting power over 47,541,860 shares and sole dispositive power over 50,012,765 shares, with no shared voting or dispositive power. The filing characterizes this holding as ownership of 5 percent or less of the class.

Key Figures

Beneficial ownership: 50,012,765 shares Ownership percentage: 3.9% Sole voting power: 47,541,860 shares +1 more

4 metrics

Beneficial ownership 50,012,765 shares Shares of CVS Health Corporation common stock beneficially owned by Dodge & Cox as of June 30, 2026

Ownership percentage 3.9% Percent of CVS Health Corporation common stock class beneficially owned by Dodge & Cox

Sole voting power 47,541,860 shares Number of CVS shares over which Dodge & Cox has sole power to vote or direct the vote

Sole dispositive power 50,012,765 shares Number of CVS shares over which Dodge & Cox has sole power to dispose or direct disposition

Key Terms

beneficially owned, sole voting power, sole dispositive power, percent of class

4 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 50,012,765"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole power to vote or to direct the vote: 47,541,860"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 50,012,765"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"Percent of class: 3.9 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/13/2026 - 04:35 PM Accepted by SEC EDGAR 08/13/2026 - 04:34 PM Learn about SEC filing dates

FAQ

What percentage of CVS (CVS) shares does Dodge & Cox currently report owning?

Dodge & Cox reports beneficial ownership of 3.9% of CVS Health Corporation common stock. This corresponds to 50,012,765 shares as of June 30, 2026, and is described as ownership of 5 percent or less of the class.

How many CVS (CVS) shares does Dodge & Cox beneficially own?

Dodge & Cox beneficially owns 50,012,765 CVS Health Corporation common shares. As of June 30, 2026, this stake represents 3.9% of CVS’s outstanding common stock, according to the Schedule 13G/A filing.

What voting power does Dodge & Cox have over its CVS (CVS) shares?

Dodge & Cox has sole voting power over 47,541,860 CVS shares. The firm reports no shared voting power, meaning all reported voting authority for this stake is held solely by Dodge & Cox.

What dispositive power does Dodge & Cox report for its CVS (CVS) holdings?

Dodge & Cox reports sole dispositive power over 50,012,765 CVS shares. It lists no shared dispositive power, indicating exclusive authority to dispose of or direct the disposition of these shares.

Why is this CVS (CVS) ownership report filed as an amendment?

The document is labeled Amendment No. 1, indicating an updated Schedule 13G for Dodge & Cox’s CVS holdings. It now characterizes the position as ownership of 5 percent or less of the outstanding common stock.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

CVS HEALTH CORPORATION

(Name of Issuer)

Common Stock

(Title of Class of Securities)

126650100

(CUSIP Number)

06/30/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 126650100

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 47,541,860.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 50,012,765.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

50,012,765.00

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)

3.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CVS HEALTH CORPORATION
(b)	Address of issuer's principal executive offices: One CVS Drive, Woonsocket, Rhode Island 02895
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, CA 94104
(c)	Citizenship: California, USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 126650100
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: 50,012,765
(b)	Percent of class: 3.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 47,541,860
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 50,012,765
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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:	08/13/2026