11 of 147: Dodge & Cox Holds 62.4% of the Tracked BNY Stake — and Cut It 29.0% in a Quarter When the Price Rose 21.9%

GetCoattail Research — The Filing Tape #118. BNY surfaced on a trending-stocks screen this week listed as a Moderate Buy, after a quarter in which its price rose 21.9% — and the filings describe a tracked cohort that spent that quarter selling down: 11 of the 147 superinvestors held the stock at June 30, 2026, totalling 26,618,434 shares, the verified continuing holders cut their combined position by 22.8%, insiders recorded sales only, no congressional aggregate carries a row for the name, and short interest stands at 1.52% of shares outstanding.

The Hype

BNY's attention this week is a screen story. The stock appeared on TipRanks' Trending Stocks by Analyst screener — in the page's order SCHW, SMTC, BAC and RKLB, all already covered in this series, came first, along with lens-skipped names further up the page, and BNY followed, listed as Moderate Buy trending with 5 Buy, 3 Hold and 0 Sell ratings, dated October 16, 2026. TipRanks Our price file shows the run behind the screen: the stock rose 21.9% in the second quarter, from $118.63 on March 31 to $144.61 on June 30, then added 0.5% to close at $145.40 on October 2 — up 25.2% year to date, 11.8% below the 252-session closing high of $164.84 (September 4, 2026) and 39.1% above the 252-session low of $104.54 (October 10, 2025). That setup is exactly what this series checks against the filings.

The Tape

For BNY — the one hundred and eighteenth Filing Tape audit — the tape shows a concentrated tracked cohort that cut into strength, verified holder by holder, a full market adding filers and shares, an insider record of sales only under the current ticker key, no congressional row, a passive-only 5% register headed by a 10.12% print, and a small borrow up 36.3% since June but well below its 2024 peak.

Lens 1 — the superinvestors: eleven June holders, two of them holding 97.2%, and a verified cut of 22.8%. We track 149 managers whose 13F portfolios we collect from SEC EDGAR — 147 are in the collection (144 at a June 30 period-end, 3 early filers at September 30) — and the June 30, 2026 subtotal for this name, on the single CUSIP 064058100, is 11 distinct managers holding 26,618,434 shares worth $3,849,291,715, long only, with no option rows: 7 labelled DECREASED, 3 UNCHANGED and 1 NEW. Dodge & Cox Funds is the largest: 16,608,370 shares worth $2,401,736,386 — 62.4% of the tracked stake — at a 1.26% portfolio weight, labelled DECREASED at -29.0%. First Eagle Investment Management is second at 9,266,915 shares (34.8%), labelled DECREASED at -6.1%, so the top two hold 25,875,285 shares, 97.2% of the cohort. The other June holders are Christopher Davis - Davis Advisors (366,448 shares, -30.2%), Thomas Gayner - Markel Group (124,500, UNCHANGED), Tweedy Browne (102,246, -6.2%), Yacktman Asset Management (64,400, -82.0%), Bill Nygren - Oakmark Funds (42,419, -1.3%), Edgewood Management (29,704, UNCHANGED), Mondrian Investment Partners (5,960, -8.5%), Mairs & Power Funds (5,888, UNCHANGED) and Torray Funds (1,584, NEW) — together under 3% of the cohort. The cut verifies row by row: the ten continuing holders held 34,471,343 shares at March 31 and 26,616,850 at June 30 (-7,854,493 shares, -22.8%), with no unverified June holder; Torray's NEW label also verifies under the corrected register check in the methodology, and no tracked manager exited. Every June row implies exactly $144.61, the June 30 close. Separately, one early filer sits on a September 30 period-end: David Katz - Matrix Asset Advisors holds 159,110 shares worth $23,012,124 at a 1.9% weight, labelled DECREASED at -9.0% — a label that reproduces exactly from its second-quarter register row of 174,849 shares. It is kept out of every June figure above. 13F figures are as of June 30, 2026, published up to 45 days later.

Lens 2 — institutions: 140 more filers, 13.48% more shares, and a reported value up 39.93%. At June 30, 2026, 1,880 institutions reported positions, up 140 from 1,740 at March 31 (+8.05%); 1,877 are long. Reported shares rose 13.48%, from 500,578,720 to 568,065,709 (+67,486,989 shares), while reported value rose 39.93% to $80,910,881,655, labelled "reported" because the aggregate includes option rows (see methodology). Flow counts agree: 1,509 entered, 1,369 exited, a net of +140. The single by-CUSIP row matches the by-ticker row on every field. The reported value implies $142.43 per share against a June 30 close of $144.61, a gap of -1.51% computed from the unrounded implied price — printed as found.

Lens 3 — insiders: no purchase under the current ticker key, against nine sales. The parsed Form 4 record under the BNY ticker key holds 10 filings through October 2, 2026, and it contains no purchase transaction: 0 purchases and 0 buyers in the 90-day window, the one-year window and the full BNY-keyed record. The last 90 days hold 0 purchases and 9 sales: 38,840 shares for $6,033,648.32, by 2 sellers, all 9 of them officer sale transactions, across 9 filings. The one-year window and the full BNY-keyed record hold the same 9 sales and nothing else. The sales imply $155.35 per share, inside the 90-day close range ($143.92 to $164.84), the one-year range ($104.54 to $164.84) and the full-period range ($37.29 to $164.84) — so the dollar totals are cited for every window. The site's insider aggregate matches the full parse's 90-day window exactly. A legacy row under the old BK ticker key, disclosed in the methodology, also records no purchase in any window.

Lens 4 — Congress: no row in any aggregate. The combined record (as of October 3, 2026) carries no row for this name under either ticker key. The House aggregate (as of October 3, 2026) carries no row, and the Senate aggregate (as of October 1, 2026) carries no row — no congressional transaction for this name sits in any archive.

Lens 5 — the 5% register: five filings, all passive, headed by a 10.12% print. Our full parse holds 5 SC 13D/G filings matching the site aggregate — 0 in the SC 13D family, 1 SC 13G and 4 SC 13G/A; 4 of them amendments, 3 reporter names in 5 reporter rows. The register maximum is The Vanguard Group at 72,516,418 shares (10.12%) as of February 28, 2025 (filed March 6, 2025, SC 13G/A), and the latest filing prints Vanguard Capital Management at 51,694,335 shares (7.51%) as of March 31, 2026 (filed April 29, 2026, SC 13G). The same register prints The Vanguard Group at 0 shares (0.0%) as of March 13, 2026, recorded as filed, and Dodge & Cox at 37,619,374 shares (5.3%) as of June 30, 2025 and 25,811,239 shares (3.7%) as of December 31, 2025. The 187,641,366-share total counts reporter rows across dates, not distinct stakes.

Lens 6 — short interest: 1.52% of the share count, 28.2% below its September 2024 peak, and rising since June. The latest FINRA settlement, September 15, 2026, records 10,310,207 shares sold short — 1.52% of the 678,504,142 shares outstanding — at 3.42 days to cover, up 2.11% from the prior settlement (10,096,690 on August 31, 2026). The series maximum across 137 settlements is 14,354,001 on September 13, 2024, so the latest sits 28.2% below that peak; against the June 30, 2026 reading of 7,562,786 it is up 36.3%. The recent path runs 7,562,786 (June 30), 7,485,111 (July 15), 8,344,764 (July 31), 9,053,699 (August 14), 10,096,690 (August 31) and 10,310,207 (September 15). No single-settlement step in the joined series reaches 2 times — the largest is 1.767x on January 31, 2023 — and the BK-to-BNY symbol-change step is 1.021x (11,015,314 on May 15, 2026 to 11,248,873 on May 29, 2026), so the junction shows no discontinuity. The series is published as collected, with no smoothing.

The Gap

The narrative arriving this week is an analyst-consensus story: a Moderate Buy trending listing, 5 Buy ratings against 3 Hold and no Sell, on a bank stock that rose 21.9% in the second quarter. The filings describe the tracked money moving the other way in that same quarter. Eleven of the 147 tracked managers held the stock at June 30, the position is unusually concentrated — Dodge & Cox Funds and First Eagle Investment Management account for 97.2% of the tracked shares — and both cut, by 29.0% and 6.1%. Across the ten verified continuing holders the cut was 22.8%, in a quarter when the price was rising; the one manager already on a September period-end cut by a further 9.0% in the third quarter. Insiders recorded no purchase under the current ticker key, only nine sales by two sellers, and no congressional aggregate carries the name. Underneath, the broad market moved the opposite way: 140 more filers and 13.48% more shares. The borrow is small at 1.52% of shares outstanding but up 36.3% since June. One plausible reading is that the trending case rests on the analyst screen, the rising price and the broad register, while the June tape for the tracked cohort shows a concentrated register trimming into strength — not a crowd arriving.

What Would Change the Picture

Nothing above is a recommendation. These filings would change it:

• 1. The 2026Q3 13F season (filing window closing mid-November 2026). One manager, David Katz - Matrix Asset Advisors, already reports a September 30 position, cut 9.0% from its second-quarter row. Whether the June cohort's verified 22.8% cut continues in the other managers' third-quarter filings — above all Dodge & Cox Funds' 16,608,370-share position — decides whether this lens reads as one quarter of trimming or a register in retreat.
• 2. A first insider purchase under the BNY ticker key. The BNY-keyed record holds 0 purchases in 10 filings, in every window. A first purchase transaction would break the sales-only record; it would also be the first insider purchase recorded under either ticker key in our aggregation.
• 3. A first congressional row. The combined, House and Senate aggregates all carry no row for this name under either ticker key. A first recorded transaction in either chamber would open this lens.
• 4. A first SC 13D, or a fresh 5% print above 10.12%. The register holds only passive SC 13G family filings, and its maximum is The Vanguard Group's print of 10.12% as of February 28, 2025. A first activist-family filing, or a new filing moving the maximum, would change this lens.
• 5. Short interest back through the September 2024 peak. The borrow stands at 10,310,207 shares, up 2.11% on the settlement, up 36.3% since June 30, 2026 and 28.2% below the September 13, 2024 peak of 14,354,001. A reading at or above 14,354,001 would set a new series high.

Related reading: One of 147: Howard Marks - Oaktree Capital Management Is the Only Superinvestor in Viper Energy. Its Insiders Have Never Bought a Share. — Filing Tape #117; Seven of 147: Bill Nygren - Oakmark Funds Is 68.3% of the Superinvestors' State Street Stake. Its Insiders Have Bought Once. — Filing Tape #116. BNY's own page: Bank of New York Mellon (BNY) on GetCoattail.

Methodology and data notes

• As-of & limits: The lenses rest on different clocks, none live: 13F is a June 30, 2026 snapshot published up to 45 days later (with one manager already on a September 30, 2026 period-end, reported separately wherever it appears); Form 4 runs through October 2, 2026; Congress aggregates run through October 3, 2026 (Senate through October 1, 2026); 13D/G through April 29, 2026; short interest through September 15, 2026; the price file ends October 2, 2026. Seven limits are specific to this audit. First, the roster expanded before the recent audits — from 85 managers (83 filing) to 149 (147 filing) — so "of 147" counts are not comparable to earlier pieces' "of 83" figures. Second, the tracked collection mixes period-ends for one holder: David Katz - Matrix Asset Advisors reports at September 30, 2026, so every headline superinvestor figure in this audit is the June 30 subtotal (11 holders) and the early filer is always reported separately; the blended collection total (12 holders, 26,777,544 shares) is a mixed-period figure and is never labelled with a single date. Third, two of this audit's register checks had to be corrected for shared filing-agent prefixes, as detailed in the superinvestor note below; the corrected checks are the ones cited. Fourth, the full-market reported value implies a price below the June 30 close (-1.51%, computed from the unrounded implied price); the gap is printed as found and filer and share counts are headlined. Fifth, the Form 4 aggregation is ticker-keyed, and a legacy row under the old BK ticker key sits in the same file (105 filings in its full record, also recording no purchase in any window); this audit's insider counts are the BNY-keyed row, stated as such wherever they appear, and the two rows are not summed. Sixth, the short-interest series joins two symbols by issuer name, as detailed in the short-interest note below; the joined series contains no single-settlement step at or above 2 times, and the symbol-change junction step is 1.021x. Seventh, the TipRanks screener listing (dated October 16, 2026 on the page) postdates the 13F snapshot and the short-interest series; the listing is known to this audit only from outside coverage, not from our own files, and none of its price figures are cited here; every price figure here is from our own price file.
• Superinvestor lens: 147 managers in the collection (of a 149-manager roster; 144 at a June 30, 2026 period-end and 3 early filers at September 30, 2026, one of them holding this name) collected directly from SEC EDGAR Form 13F (managers_13f collection, regenerated October 15, 2026 for the expanded roster); BNY Mellon positions are counted on CUSIP 064058100, long rows only. Eleven distinct managers hold a long position at June 30, 2026, totalling 26,618,434 shares worth $3,849,291,715, with a direction count of 7 DECREASED, 3 UNCHANGED and 1 NEW, and no option rows. Dodge & Cox Funds' share of the June stake is 62.4% = 16,608,370 / 26,618,434, at a 1.26% portfolio weight; the top two holders (Dodge & Cox Funds and First Eagle Investment Management) hold 25,875,285 shares, 97.2% of the June stake. The ten June continuing holders verify row by row against the first quarter under the rule used in the previous audits — a holder's first-quarter row accepted only when its implied shares-change reproduces the EDGAR shares-change label at one decimal place — so the verified continuing total is 34,471,343 shares at March 31 moving to 26,616,850 at June 30 (-22.8%), with no unverified June holder. The one name in the unverified list is the September early filer, whose label is a second-to-third-quarter change and is verified separately below, not a first-to-second-quarter one. Correction — shared filing-agent prefixes: the generic NEW-label and early-filer checks in this series identify a manager's prior filings by accession prefix, but two prefixes in the register are filing agents shared by many managers (0001193125 carries 6 second-quarter filings; 0001172661 carries 27), which made the generic NEW check falsely match Tweedy Browne's first-quarter row (108,955 shares) to Torray Funds, and made the generic early-filer leftover method wrongly exclude the early filer's own second-quarter row because its agent prefix is also Mairs & Power Funds'. Both checks were therefore rerun identifying filings by accession (filing total equal to the manager's collection total, unique) and pairing second- and first-quarter filings of the same manager by maximum CUSIP-set overlap under the same agent prefix. Under the corrected checks: Torray Funds' paired first-quarter filing (accession 0001193125-26-200972; overlap 85 CUSIPs, uniquely the maximum) contains no BNY row, so the NEW label is genuine; and David Katz - Matrix Asset Advisors' second-quarter register row is accession 0001172661-26-002637 holding 174,849 shares worth $25,284,959, from which its September label recomputes exactly (159,110 / 174,849 - 1 = -9.0%), while its paired first-quarter filing (accession 0001172661-26-001524; overlap 101 CUSIPs, uniquely the maximum) holds 244,520 shares. The pipeline register then reconciles in both quarters with no residual (first quarter: 11 rows and 34,715,863 shares = the verified continuing total of 34,471,343 plus the early filer's first-quarter row of 244,520, with no new-holder or exited rows; second quarter: 12 rows and 26,793,283 shares = the June subtotal of 26,618,434 plus the early filer's second-quarter row of 174,849; the register change is -22.8%). Implied per-share value: every June row implies exactly $144.61, the June 30, 2026 close, so the cohort implied price is $144.61, 0.0% against the close; the early filer's September row implies $144.63, exactly the September 30, 2026 close. No tracked manager exited.
• Full-market lens: SEC Form 13F Data Sets full-market aggregation. The primary table is the full13f collection's by-ticker file (holders = distinct filers reporting the ticker's CUSIP; 1,877 reported long positions out of 1,880 filers). BNY Mellon carries a single CUSIP in this aggregation (064058100), and the backfill fixtures' by-CUSIP row matches the by-ticker row exactly on every field — holders (1,880), long holders (1,877), shares (568,065,709), reported value ($80,910,881,655), prior holders (1,740) and prior reported value ($57,821,154,497). The by-ticker file's entered/exited fields (1,509 and 1,369, a net of +140 that matches the change in holder count) are gross flows, so this audit headlines the net change. Reported-value caution: the aggregate value ($80,910,881,655 over 568,065,709 shares) implies $142.43 per share against a June 30, 2026 close of $144.61 in our price file, a gap of -1.51% computed from the unrounded implied price — printed here as found. The aggregate sums the VALUE of every information-table row — including put and call option rows — while the share count covers long common-stock rows only, so we headline filer and share counts and label dollar values "reported."
• Insider lens: full-parse Form 4 aggregation (agg_by_ticker), record as of October 2, 2026. The aggregation is keyed by ticker symbol, and this audit's counts are the row under the current BNY key (10 filings). Sale and purchase counts are transaction-code counts (S and P) in non-derivative rows; grants and exercises are not counted as purchases, and one filing can contain many transaction rows. The 90-day window (July 5 to October 2, 2026) holds 0 purchase transactions and 9 sale transactions (38,840 shares, $6,033,648.32, 0 buyers, 2 sellers, 9 officer sale transactions) across 9 filings. The one-year window (October 3, 2025 to October 2, 2026) and the full BNY-keyed record hold the same 0 purchases and the same 9 sales across 10 filings. The site's insider aggregate (90-day window, as of October 18, 2026) matches the full parse's 90-day window exactly on purchases (0), sales (9), sellers (2) and sale value ($6,033,648.32). Legacy BK-keyed row (disclosed, not summed): the same aggregation file carries a separate row under the old BK ticker key — 105 filings in its full record, 8 sale transactions (169,205.46 shares, $16,407,095.55, 5 sellers) and 0 purchase transactions in every window (90-day window: 0 filings). The two rows are reported separately and never summed in this audit, because the file does not establish whether any filing is counted under both keys; the no-purchase statement in the article is made for the BNY-keyed row, and it also holds, separately, in the BK-keyed row. Window price checks on our price file: the BNY-keyed sales imply $155.35 per share, inside the 90-day close range ($143.92 to $164.84), the one-year range ($104.54 to $164.84) and the full-period range ($37.29 to $164.84) — so dollar totals are cited for every window.
• 13D/G lens: full-parse SC 13D/G parsed filings (5 filings matching issuer CIK 1390777 on CUSIP 064058100: 0 SC 13D family filings, 1 SC 13G and 4 SC 13G/A, 4 of them amendments), filings through April 29, 2026. The site aggregation carries this name under a ticker-keyed row; that row (5 filings, 0 D-filings, 5 G-filings, 4 amendments, 3 reporters, latest date April 29, 2026, maximum 10.12%, total reported 187,641,366 shares) matches the parsed filings on filings, form mix, amendments, latest date, maximum and the cross-date reported total. The total sums reporter rows across filings and dates (5 reporter rows), so it is a filing-volume total, not a stake. The filings are reported as filed, under the names exactly as they appear: The Vanguard Group printing 72,516,418 shares at 10.12% as of February 28, 2025 (filed March 6, 2025, SC 13G/A — the register maximum); Dodge & Cox printing 37,619,374 shares at 5.3% as of June 30, 2025 (filed August 13, 2025, SC 13G/A) and 25,811,239 shares at 3.7% as of December 31, 2025 (filed February 13, 2026, SC 13G/A); The Vanguard Group printing 0 shares at 0.0% as of March 13, 2026 (filed March 26, 2026, SC 13G/A), recorded as filed; and Vanguard Capital Management printing 51,694,335 shares at 7.51% as of March 31, 2026 (filed April 29, 2026, SC 13G — the latest filing). The parsed coverage for this issuer holds these 5 filings; a 5% holder that has not filed in the covered window would not appear here.
• Congress lens: Senate PTR archive and House PTR archive as maintained on this site. The combined record (as of October 3, 2026) carries no row for this name under either the BNY or the BK ticker key; the House aggregate (as of October 3, 2026) carries no row under either key; the Senate aggregate (as of October 1, 2026) carries no row under either key. The absence is recorded as it stands in all three files: no recorded congressional transaction for this name sits in any of the archives as we hold them.
• Short interest lens: FINRA Equity Short Interest files (biweekly settlement dates), collected directly from FINRA's public distribution. Symbol change (flagged): the bank's rows sit under symbol BK from January 15, 2021 through May 15, 2026 (129 settlements) and under symbol BNY from May 29, 2026 onward (8 settlements), in both cases under the issuer name "Bank of New York Mellon Corpor" exactly as printed in the files. The published series is the union of those rows filtered by that issuer name — 137 settlements from January 15, 2021 (7,249,128 shares) to September 15, 2026, with all 137 settlement dates distinct. Symbol BNY also carries 122 rows for a different issuer, "BlackRock New York Municipal I" (January 15, 2021 to January 30, 2026), which are excluded by the issuer-name filter and never enter the series. The latest reading is 10,310,207 shares on September 15, 2026, up 2.11% from the prior settlement (10,096,690 on August 31, 2026), down 28.2% from the series maximum of 14,354,001 on September 13, 2024 and up 36.3% from the June 30, 2026 reading of 7,562,786, at 3.42 days to cover. Series discontinuity check — no step flagged: no single-settlement step in the joined series reaches 2 times (the largest is 1.767x on January 31, 2023, when the print rose from 2,787,094 on January 13, 2023 to 4,923,908; the smallest step is 0.608x on September 30, 2024, immediately after the series peak), and the step across the symbol change — 11,015,314 on May 15, 2026 under BK to 11,248,873 on May 29, 2026 under BNY — is 1.021x, so the junction shows no discontinuity; the full series is published as collected, with no smoothing or rebasing. The series minimum is 2,787,094 shares on January 13, 2023. The recent path runs 7,562,786 (June 30), 7,485,111 (July 15), 8,344,764 (July 31), 9,053,699 (August 14), 10,096,690 (August 31) and 10,310,207 (September 15). FINRA publishes each settlement about two weeks after the fact, so the October price action is not yet in this series. The share-count ratio (1.52%) uses the fundamentals file's shares-outstanding figure below.
• Fundamentals note: our fundamentals collection carries BNY Mellon's revenue of $20,080,000,000, net income of $5,549,000,000 and assets of $472,300,000,000 — all three labelled fiscal 2025 in the file and all sourced to the same financial-series cache, so there is no vintage split to flag. The file is marked ok for this name, with no missing fields: shares outstanding of 678,504,142 (sourced in the file to the DEI entity-common-stock shares-outstanding count, with a shares-end date of June 30, 2026 — a period-end count, not the weighted-average source most names in the file carry) and a file-computed market value of $97,521,397,430.78. The file does not flag the issuer as a foreign private issuer, and it carries SIC 6022, State Commercial Banks, and a NYSE listing. The file's price for the name is $143.73 as of October 6, 2026; our daily-close file ends October 2, 2026 at $145.40, and we keep the two files' figures separate rather than blending them.
• Prices: our own daily-close file for BNY through October 2, 2026 ($145.40 close, +25.2% year to date on that file; the 252-session closing high is $164.84 on September 4, 2026, so the last close sits 11.8% below it; the 252-session closing low is $104.54 on October 10, 2025, so the last close sits 39.1% above it; closes of $118.63 at March 31, 2026 and $144.61 at June 30, 2026, a second-quarter change of +21.9%; change from June 30 to October 2 of +0.5%; change from the September 30, 2025 close of $108.96 of +33.4%; change from the October 2, 2025 close of $106.38 of +36.7%; the December 31, 2025 close is $116.09; the September 30, 2026 close is $144.63). The series in our price file begins June 1, 2021 at $52.30 and holds 1,342 rows; the file's full-period close range is $37.29 to $164.84.
• Market context sources: the TipRanks Trending Stocks by Analyst screener (full-page crawl, October 18, 2026), on which BNY followed SCHW, SMTC, BAC and RKLB (all already covered in this series), lens-skipped names (Interactive Brokers and Taiwan Semiconductor among them, skipped for missing or unreliable lens data as recorded in this audit's datasheet) and covered or skipped bank names (J.B. Hunt, PNC and U.S. Bancorp among them) and was listed as Moderate Buy trending with 5 Buy, 3 Hold and 0 Sell ratings, dated October 16, 2026 on the page; the AltIndex StockTwits most-mentioned list refreshed on October 17, 2026, whose top names were already covered, skipped, crypto or index funds in this series; and the Google Trends United States daily list (CyberKendra snapshot updated October 18, 2026), whose top ten carried no single-stock query. Figures we could not confirm were left out; the external items above are reported speech from those outlets, not GetCoattail measurements, and none of their price figures are cited in this audit.
• BNY is in the GetCoattail stock-page universe: BNY (BNY) stock page. Series data: bny_lens_data.csv · bny_short_interest_series.csv. Earlier audits: Viper Energy · State Street.

Past patterns are not a promise of future results. For education only — not investment advice.

This article describes public filings as of the dates stated. It is not investment advice and makes no recommendation. Filings lag reality: 13F positions are as of June 30, 2026, and later trading is not yet public.

Revision history: v1.0 — October 18, 2026: first publication.