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 | +$1.88B | |
| 2 | +$1.53B | |
| 3 | +$1.08B | |
| 4 |
FISV
Fiserv Inc
FISV
|
+$908M |
| 5 |
TransUnion
TRU
|
+$809M |
Top Sells
| 1 | +$999M | |
| 2 | +$958M | |
| 3 | +$841M | |
| 4 |
Bank of America
BAC
|
+$705M |
| 5 |
Capital One
COF
|
+$656M |
Sector Composition
| 1 | Healthcare | 23.7% |
| 2 | Financials | 19.44% |
| 3 | Industrials | 13.02% |
| 4 | Communication Services | 11.33% |
| 5 | Technology | 11.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Humana
HUM
$22.9B
| $2.89B | 1.56% |
11,290,435
-47,751
|
|
||
27
Norfolk Southern
NSC
$70.7B
| $2.78B | 1.5% |
9,623,885
-1,250,364
|
|
||
28
Aon
AON
$71.9B
| $2.77B | 1.5% |
7,852,456
+4,387,773
|
|
||
29
Sanofi
SNY
$118B
| $2.74B | 1.48% |
56,492,599
-12,439,148
|
|
||
30
GE HealthCare
GEHC
$38.4B
| $2.56B | 1.38% |
31,211,229
+3,693,918
|
|
||
31
International Flavors & Fragrances
IFF
$21.1B
| $2.45B | 1.32% |
36,401,042
-571,596
|
|
||
32
Fortive
FTV
$18.6B
| $2.44B | 1.32% |
44,157,822
+1,562,028
|
|
||
33
SBA Communications
SBAC
$21.4B
| $2.32B | 1.25% |
11,996,134
+2,328,837
|
|
||
34
Air Products & Chemicals
APD
$61.4B
| $2.28B | 1.23% |
9,236,610
+231,718
|
|
||
35
Willis Towers Watson
WTW
$29B
| $2.28B | 1.23% |
6,925,525
+3,293,334
|
|
||
|
36
Capital One
COF
$122B
| $2.22B | 1.2% |
9,163,067
-2,944,850
|
|
||
37
AB InBev
BUD
$157B
| $2.12B | 1.14% |
33,113,431
-3,432,790
|
|
||
38
Zimmer Biomet
ZBH
$19.5B
| $2.11B | 1.14% |
23,506,849
+290,676
|
|
||
39
Brookfield
BN
$98.4B
| $1.89B | 1.02% |
+41,280,320
|
|
||
40
Baker Hughes
BKR
$64.5B
| $1.86B | 1% |
40,759,438
-3,294,050
|
|
||
41
Sun Communities
SUI
$16.8B
| $1.8B | 0.97% |
14,491,865
+11,050
|
|
||
42
Elanco Animal Health
ELAN
$13.1B
| $1.79B | 0.97% |
79,084,305
-3,675,532
|
|
||
43
GE Aerospace
GE
$359B
| $1.6B | 0.86% |
5,191,577
-1,080,045
|
|
||
44
UBS Group
UBS
$128B
| $1.56B | 0.84% |
33,665,342
-8,976,100
|
|
||
45
Haleon
HLN
$49.3B
| $1.53B | 0.83% |
151,755,452
-2,629,170
|
|
||
46
Goldman Sachs
GS
$258B
| $1.5B | 0.81% |
1,709,674
-498,951
|
|
||
47
Alibaba
BABA
$344B
| $1.47B | 0.79% |
10,016,870
-958,500
|
|
||
48
LPL Financial
LPLA
$24B
| $1.41B | 0.76% |
3,948,970
+619,715
|
|
||
49
Avantor
AVTR
$6.17B
| $1.34B | 0.72% |
117,065,143
-681,745
|
|
||
50
Incyte
INCY
$20.2B
| $1.31B | 0.71% |
13,261,742
-670,674
|
|