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Elanco Animal Health Incorporated (ELAN) is the issuer named in a Schedule 13G amendment reporting Dodge & Cox’s beneficial ownership of 61,430,997 common shares, or 12.3% of the class. Dodge & Cox reports sole voting power over 58,564,197 shares and sole dispositive power over 61,430,997 shares, with no shared voting or dispositive power. Its clients, including registered investment companies and other managed accounts, have rights to receive or direct dividends and sale proceeds from the securities.
Key Figures
Beneficial ownership:61,430,997 sharesPercent of class:12.3%Sole voting power:58,564,197 shares+3 more
6 metrics
Beneficial ownership61,430,997 sharesDodge & Cox; event date September 30, 2026
Percent of class12.3%Dodge & Cox beneficial ownership; event date September 30, 2026
Sole voting power58,564,197 sharesDodge & Cox; event date September 30, 2026
Sole dispositive power61,430,997 sharesDodge & Cox; event date September 30, 2026
Dodge & Cox Stock Fund interest38,409,300 sharesInterest in the class reported by Dodge & Cox
Dodge & Cox Stock Fund percent of class7.7%Interest reported by Dodge & Cox
Key Terms
beneficially owned, Sole power to vote, Sole power to dispose
3 terms
beneficially ownedregulatory
"Amount beneficially owned: 61,430,997"
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 power to voteregulatory
"Sole power to vote or to direct the vote"
Sole power to disposeregulatory
"Sole power to dispose or to direct the disposition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many ELAN shares does Dodge & Cox report beneficially owning?
Dodge & Cox reports beneficial ownership of 61,430,997 Elanco common shares, or 12.3% of the class.
What interest does Dodge & Cox Stock Fund report in ELAN?
Dodge & Cox Stock Fund is identified as having an interest in 38,409,300 shares, or 7.7% of the class.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 6)
Elanco Animal Health Incorporated
(Name of Issuer)
Common Stock
(Title of Class of Securities)
28414H103
(CUSIP Number)
09/30/2026
(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):
28414H103
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
58,564,197.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
61,430,997.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
61,430,997.00
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)
12.3 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Elanco Animal Health Incorporated
(b)
Address of issuer's principal executive offices:
450 ELANCO CIRCLE, INDIANAPOLIS, INDIANA 46221
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.:
28414H103
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:
61,430,997
(b)
Percent of class:
12.3 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
58,564,197
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
61,430,997
(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, Elanco Animal Health Incorporated.
Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940, has an interest of 38,409,300 or 7.7%, of the class of securities reported herein.
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.
