Value investing giant Dodge & Cox established a significant new stake in global investment firm KKR & Co. during the second quarter of 2026. The firm purchased over 8.06 million shares, valued at approximately $739.8 million as of June 30, representing a 0.39% portfolio weight. This move aligns with Dodge & Cox's long-term, value-oriented investment philosophy.
This trade was disclosed in an August 13 SEC filing, which reflects holdings as of the end of the second quarter and not necessarily current activity. The purchase occurred during a quarter where KKR reported record financial results, beating analyst expectations on both earnings and revenue. KKR's management noted that its business is increasingly diversified across asset management, insurance, and strategic holdings.