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
| Rank | Stock | Value |
|---|---|---|
| 1 |
HP
HPQ
|
+$3.66B |
| 2 |
Novartis
NVS
|
+$3.42B |
| 3 |
GSK
GSK
|
+$3.14B |
| 4 |
SLB Ltd
SLB
|
+$2.94B |
| 5 |
Wells Fargo
WFC
|
+$2.89B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.04% |
| 2 | Technology | 19.2% |
| 3 | Healthcare | 18.06% |
| 4 | Communication Services | 16.19% |
| 5 | Energy | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alphabet (Google) Class C
GOOG
$3.88T
| $1.14B | 1.36% |
+52,047,960
| New | +$1.1B |
|
27
Walmart Inc
WMT
$863B
| $1.04B | 1.23% |
+41,795,502
| New | +$1.07B |
|
28
Adobe
ADBE
$84.3B
| $1.04B | 1.23% |
+22,753,275
| New | +$1.01B |
|
29
Xerox
XRX
$341M
| $1.02B | 1.21% |
+42,675,304
| New | +$997M |
|
30
NetApp
NTAP
$32.3B
| $968M | 1.15% |
+25,617,853
| New | +$928M |
|
31
DuPont de Nemours
DD
$18.6B
| $952M | 1.13% |
+11,686,357
| New | +$985M |
|
|
TYC
32
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $924M | 1.1% |
+26,773,282
| New | +$919M |
|
|
ADT
33
DELISTED
ADT Corp
ADT
| $801M | 0.95% |
+20,110,537
| New | +$855M |
|
34
Corning
GLW
$134B
| $789M | 0.94% |
+55,470,068
| New | +$807M |
|
35
Boston Scientific
BSX
$64.8B
| $758M | 0.9% |
+81,801,130
| New | +$694M |
|
|
RDS.A
36
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $724M | 0.86% |
+11,354,764
| New | +$752M |
|
37
Synopsys
SNPS
$71.5B
| $720M | 0.86% |
+20,142,061
| New | +$715M |
|
38
Celanese
CE
$5.19B
| $716M | 0.85% |
+15,979,670
| New | +$751M |
|
39
Aegon
AEG
$13.4B
| $715M | 0.85% |
+155,686,610
| New | +$688M |
|
40
MetLife
MET
$59.5B
| $694M | 0.82% |
+17,026,518
| New | +$626M |
|
41
Nokia
NOK
$54.3B
| $657M | 0.78% |
+175,595,821
| New | +$618M |
|
42
Vodafone
VOD
$35.1B
| $650M | 0.77% |
+22,178,731
| New | +$662M |
|
43
Truist Financial
TFC
$62.5B
| $632M | 0.75% |
+18,663,965
| New | +$595M |
|
44
Amdocs
DOX
$5.4B
| $607M | 0.72% |
+16,375,519
| New | +$585M |
|
45
JPMorgan Chase
JPM
$930B
| $606M | 0.72% |
+11,486,202
| New | +$584M |
|
46
eBay
EBAY
$48.5B
| $596M | 0.71% |
+27,383,141
| New | +$621M |
|
47
APA Corp
APA
$12.9B
| $571M | 0.68% |
+6,810,800
| New | +$541M |
|
|
QVCGA
48
DELISTED
QVC Group Inc Series A
QVCGA
| $563M | 0.67% |
+596,029
| New | +$538M |
|
|
STI
49
DELISTED
SunTrust Banks, Inc.
STI
| $552M | 0.66% |
+17,470,696
| New | +$530M |
|
50
Petrobras Class A
PBR.A
$109B
| $537M | 0.64% |
+36,662,474
| New | +$668M |
|
Similar funds
Dodge & Cox's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Dodge & Cox, which disclosed 166 positions worth $84.2B. Its ten largest holdings account for 35% of the portfolio.
Its largest position is HP: 358,933,379 shares worth $4.04B.
By sector, the portfolio is most concentrated in Financials at 21% of assets, followed by Technology and Healthcare.
- Dodge & Cox's largest Q2 2013 buy was HP: 358,933,379 shares worth $4.04B.
- Dodge & Cox's ten largest holdings make up 35% of its $84.2B portfolio in Q2 2013.
- Dodge & Cox disclosed 166 positions in Q2 2013, its first 13F filing on record.
Based on Dodge & Cox's 13F filing for Q2 2013, filed 13 Aug 2013.