Value investing giant Dodge & Cox significantly increased its stake in online travel leader Booking Holdings (BKNG) by over 2,460% during the second quarter of 2026. The firm boosted its holdings from approximately 997,500 shares to over 25.5 million, raising the position's reported value to $4.55 billion as of June 30, 2026. This major acquisition made Booking Holdings a 2.38% position in the investor's reported portfolio.
This trade information was disclosed in a quarterly 13F filing with the SEC on August 13, 2026, which reflects portfolio changes between April 1 and June 30. During the second quarter, Booking Holdings reported financial results that beat Wall Street expectations, with revenue growing 8.1% year-over-year to $7.35 billion. The company also executed a record $4.1 billion in capital returns to shareholders during the period.