Dodge & Cox Stock Fund Holds 11.1M FOXA Shares (5.2%)

Rhea-AI Filing Summary

Dodge & Cox reports beneficial ownership of 14,017,947 shares of Fox Corporation Class A, representing 6.5% of the class. The firm reports sole voting power over 13,549,541 shares and sole dispositive power over all 14,017,947 shares, meaning it alone can direct votes and dispositions for those shares. The disclosure states clients of Dodge & Cox have rights to dividends and proceeds, and that Dodge & Cox Stock Fund holds 11,125,575 shares (5.2%).

The filing certifies these securities are held in the ordinary course of business and were not acquired to change or influence control, indicating a passive investment position rather than activist intent.

Insights

Financial Analyst

TL;DR: Dodge & Cox holds a material passive stake in FOXA (6.5%), with concentrated sole voting and dispositive power.

Dodge & Cox's 14.0 million-share position is material for investors because it exceeds the 5% reporting threshold and represents meaningful ownership concentration in Class A shares. The filing shows near-complete sole voting power for the reported stake and full sole dispositive power, which gives the adviser unilateral control over voting and disposition decisions for its holdings. However, the explicit certification that holdings are ordinary-course and not intended to influence control signals a passive posture rather than an active governance campaign. Monitor for any future amendments that would indicate a change in intent or coordination with other holders.

Corporate Governance Expert

TL;DR: Schedule 13G indicates a large passive shareholder with no shared control or group alignment identified.

The filing identifies Dodge & Cox as an investment adviser reporting sole voting and dispositive power, with no shared powers or group members disclosed. That combination typically reduces the immediate likelihood of coordinated governance actions or takeover activity. The separate disclosure that Dodge & Cox Stock Fund holds 11.1 million shares (5.2%) highlights internal fund-level concentration but still falls within a passive reporting framework under Schedule 13G. From a governance perspective, the absence of shared power or group formation suggests limited near-term governance impact, though the ownership magnitude means the holder could be influential if its stance changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

FOX CORPORATION

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

35137L105

(CUSIP Number)

06/30/2025

(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. 35137L105

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 13,549,541.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 14,017,947.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,017,947.00

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)

6.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FOX CORPORATION
(b)	Address of issuer's principal executive offices: 1211 Avenue of the Americas, New York, New York 10036
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: Class A Common Stock
(e)	CUSIP No.: 35137L105
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: 14,017,947
(b)	Percent of class: 6.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 13,549,541
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 14,017,947
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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, FOX CORPORATION. Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940, has an interest of 11,125,575 or 5.2%, 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.

Dodge & Cox

Signature:	/S/ Katherine M. Primas
Name/Title:	Chief Compliance Officer
Date:	08/13/2025

FAQ

How many FOXA shares does Dodge & Cox report owning?

Dodge & Cox reports beneficial ownership of 14,017,947 shares of Fox Corporation Class A.

What percentage of FOXA does Dodge & Cox's holding represent?

The reported position represents 6.5% of the Class A shares.

What voting and dispositive powers does Dodge & Cox have over these FOXA shares?

The filing shows sole voting power for 13,549,541 shares and sole dispositive power for 14,017,947 shares.

Does the filing indicate Dodge & Cox intends to influence control of FOXA?

No. The filing certifies the securities are held in the ordinary course of business and were not acquired to change or influence control.

Which Dodge & Cox fund holds over 5% of FOXA?

Dodge & Cox Stock Fund holds 11,125,575 shares, equal to 5.2% of the class.

Is the reported ownership shared with other groups or entities?

No. The filing reports zero shared voting and dispositive power and identifies no group members.