Dodge & Cox Portfolio holdings
Dodge & Cox, founded in 1930 by Van Duyn Dodge and E. Morris Cox in San Francisco, California, is an independent, employee-owned investment management firm renowned for its disciplined, value-oriented approach to long-term investing. Managing over $350 billion in assets as of late 2024, the firm offers a concise lineup of mutual funds and separate accounts focusing on U.S. and international equities, fixed income, and balanced portfolios, serving individual and institutional investors with a low-turnover, research-driven strategy. Known for its team-based decision-making and contrarian stance—buying undervalued securities others overlook—Dodge & Cox has maintained a consistent philosophy through decades, avoiding trend-chasing and emphasizing fundamentals, even during market volatility like the 2008 crisis. With a tight-knit team of about 300 employees and no proprietary trading, the firm’s commitment to simplicity, low fees, and client alignment has earned it a loyal following and a reputation as a steadfast player in asset management.
Top Buys
| 1 |
UnitedHealth
UNH
|
$1.48B |
| 2 |
Regeneron Pharmaceuticals
REGN
|
$789M |
| 3 |
Teledyne Technologies
TDY
|
$767M |
| 4 |
AMRZ
Amrize Ltd
AMRZ
|
$622M |
| 5 |
Comcast
CMCSA
|
$609M |
Top Sells
| 1 |
Williams Companies
WMB
|
$1.58B |
| 2 |
Cisco
CSCO
|
$1.46B |
| 3 |
GE Aerospace
GE
|
$1.27B |
| 4 |
UBS Group
UBS
|
$913M |
| 5 |
Capital One
COF
|
$728M |
Sector Composition
| 1 | Healthcare | 23.24% |
| 2 | Financials | 18.09% |
| 3 | Industrials | 12.75% |
| 4 | Technology | 11.73% |
| 5 | Communication Services | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charles Schwab
SCHW
$174B
| $7.7B | 4.32% | 84,357,885 -4,392,770 | -5% | -$401M |
|
2
Johnson Controls International
JCI
$69.9B
| $7.07B | 3.97% | 66,922,767 -3,895,287 | -6% | -$411M |
|
3
RTX Corp
RTX
$212B
| $6.1B | 3.43% | 41,753,934 -599,628 | -1% | -$87.6M |
|
4
Fiserv
FI
$75.1B
| $5.12B | 2.88% | 29,719,536 -870,955 | -3% | -$150M |
|
5
CVS Health
CVS
$92.8B
| $5.06B | 2.84% | 73,288,766 -170,356 | -0.2% | -$11.8M |
|
6
Charter Communications
CHTR
$36.3B
| $4.55B | 2.56% | 11,126,486 -379,634 | -3% | -$155M |
|
7
MetLife
MET
$54.1B
| $4.28B | 2.4% | 53,181,881 -731,296 | -1% | -$58.8M |
|
8
Booking.com
BKNG
$181B
| $4.23B | 2.38% | 730,473 -45,535 | -6% | -$264M |
|
9
Wells Fargo
WFC
$263B
| $4.07B | 2.28% | 50,745,861 -6,882,254 | -12% | -$551M |
|
10
Microsoft
MSFT
$3.77T
| $4.05B | 2.28% | 8,142,260 -738,093 | -8% | -$367M |
|
|
11
Comcast
CMCSA
$125B
| $3.97B | 2.23% | 111,272,320 +17,054,579 | +18% | +$609M |
|
12
Amazon
AMZN
$2.44T
| $3.64B | 2.05% | 16,592,150 +59,518 | +0.4% | +$13.1M |
|
13
Sanofi
SNY
$121B
| $3.46B | 1.95% | 71,718,315 -1,474,742 | -2% | -$71.2M |
|
14
Bank of New York Mellon
BK
$74.5B
| $3.43B | 1.93% | 37,619,374 -4,357,266 | -10% | -$397M |
|
15
Gilead Sciences
GILD
$140B
| $3.42B | 1.92% | 30,818,322 -1,876,469 | -6% | -$208M |
|
16
Occidental Petroleum
OXY
$46.9B
| $3.37B | 1.89% | 80,254,372 -584,698 | -0.7% | -$24.6M |
|
17
FedEx
FDX
$54.5B
| $3.29B | 1.85% | 14,482,494 +649,426 | +5% | +$148M |
|
18
Meta Platforms (Facebook)
META
$1.86T
| $3.07B | 1.73% | 4,163,253 +638,739 | +18% | +$471M |
|
19
GSK
GSK
$79.9B
| $3.02B | 1.7% | 78,757,869 +106,036 | +0.1% | +$4.07M |
|
20
Cigna
CI
$80.3B
| $2.96B | 1.66% | 8,950,610 +60,877 | +0.7% | +$20.1M |
|
21
TE Connectivity
TEL
$61B
| $2.87B | 1.61% | 17,039,803 +1,017,323 | +6% | +$172M |
|
22
Fidelity National Information Services
FIS
$36.5B
| $2.87B | 1.61% | 35,274,497 +466,199 | +1% | +$38M |
|
23
Norfolk Southern
NSC
$62.8B
| $2.78B | 1.56% | 10,859,121 +192,567 | +2% | +$49.3M |
|
24
Humana
HUM
$36.5B
| $2.78B | 1.56% | 11,352,920 +597,705 | +6% | +$146M |
|
|
25
Capital One
COF
$145B
| $2.74B | 1.54% | 12,856,456 -3,419,856 | -21% | -$728M |
|