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 |
APA Corp
APA
|
+$468M |
| 2 |
S
Sprint Corporation
S
|
+$437M |
| 3 |
UnitedHealth
UNH
|
+$366M |
| 4 |
Microsoft
MSFT
|
+$305M |
| 5 |
ADT
ADT Corp
ADT
|
+$247M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FON
SPRINT CORP FON COM
FON
|
+$1.76B |
| 2 |
Xerox
XRX
|
+$625M |
| 3 |
PC
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
|
+$347M |
| 4 |
Adobe
ADBE
|
+$282M |
| 5 |
Vodafone
VOD
|
+$252M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.99% |
| 2 | Technology | 19.81% |
| 3 | Healthcare | 18.2% |
| 4 | Communication Services | 15.23% |
| 5 | Energy | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
DuPont de Nemours
DD
$18.7B
| $1.11B | 1.26% |
11,450,660
-235,697
| -2% | -$21.9M |
|
27
Nokia
NOK
$59.3B
| $1.11B | 1.26% |
169,894,721
-5,701,100
| -3% | -$26.9M |
|
28
NetApp
NTAP
$37.4B
| $1.08B | 1.22% |
25,295,403
-322,450
| -1% | -$13.4M |
|
|
ADT
29
DELISTED
ADT Corp
ADT
| $1.06B | 1.21% |
26,114,603
+6,004,066
| +30% | +$247M |
|
|
30
APA Corp
APA
$14.8B
| $1.06B | 1.2% |
12,445,350
+5,634,550
| +83% | +$468M |
|
31
Walmart Inc
WMT
$817B
| $1.05B | 1.19% |
42,626,829
+831,327
| +2% | +$21M |
|
|
TYC
32
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $1.01B | 1.15% |
27,522,614
+749,332
| +3% | +$27.2M |
|
|
33
Adobe
ADBE
$115B
| $875M | 0.99% |
16,845,904
-5,907,371
| -26% | -$282M |
|
34
Celanese
CE
$4.92B
| $854M | 0.97% |
16,184,070
+204,400
| +1% | +$10M |
|
35
Corning
GLW
$132B
| $853M | 0.97% |
58,482,118
+3,012,050
| +5% | +$44.6M |
|
36
Aegon
AEG
$13.6B
| $761M | 0.86% |
151,416,844
-4,269,766
| -3% | -$21.8M |
|
37
Baidu
BIDU
$32.9B
| $747M | 0.85% |
4,814,587
+246,746
| +5% | +$31.8M |
|
38
Synopsys
SNPS
$89.1B
| $741M | 0.84% |
19,655,294
-486,767
| -2% | -$18M |
|
|
RDS.A
39
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $719M | 0.82% |
11,712,061
-444,671
| -4% | -$27.2M |
|
|
WFT
40
DELISTED
Weatherford International plc
WFT
| $708M | 0.8% |
46,184,968
+10,208,066
| +28% | +$150M |
|
41
MetLife
MET
$61.2B
| $707M | 0.8% |
16,893,132
-133,386
| -0.8% | -$5.75M |
|
42
eBay
EBAY
$45.5B
| $697M | 0.79% |
29,669,278
+2,286,137
| +8% | +$51.3M |
|
43
Boston Scientific
BSX
$67.6B
| $695M | 0.79% |
59,157,107
-22,644,023
| -28% | -$245M |
|
44
Petrobras Class A
PBR.A
$107B
| $694M | 0.79% |
41,481,000
+4,818,526
| +13% | +$72.6M |
|
|
MOLXA
45
DELISTED
MOLEX INC CL-A
MOLXA
| $680M | 0.77% |
17,754,019
-491,629
| -3% | -$18.8M |
|
|
DISH
46
DELISTED
DISH Network Corp.
DISH
| $675M | 0.77% |
15,006,659
+3,461,845
| +30% | +$156M |
|
47
JPMorgan Chase
JPM
$942B
| $624M | 0.71% |
12,080,719
+594,517
| +5% | +$31.9M |
|
48
Truist Financial
TFC
$61.4B
| $608M | 0.69% |
18,022,348
-641,617
| -3% | -$22.4M |
|
49
Televisa
TV
$1.45B
| $595M | 0.68% |
21,303,692
+54,300
| +0.3% | +$1.45M |
|
|
QVCGA
50
DELISTED
QVC Group Inc Series A
QVCGA
| $568M | 0.65% |
589,410
-6,619
| -1% | -$6.43M |
|
Similar funds
Dodge & Cox's Q3 2013 Portfolio in Review
As of Q3 2013, Dodge & Cox held 170 positions worth $88B, up 4.6% from $84.2B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Dodge & Cox's Q3 2013 filing shows 4 new, 27 increased, 95 reduced and 6 closed positions. Its largest new stake was Sprint Corporation: 66,353,287 shares worth $412M. The largest sale was SPRINT CORP FON COM, an estimated $1.76B.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.
- Dodge & Cox's largest Q3 2013 buy was Sprint Corporation: 66,353,287 shares worth $412M.
- Dodge & Cox added most to APA Corp in Q3 2013, an estimated $468M increase.
- Dodge & Cox's biggest Q3 2013 reduction was Xerox, cutting an estimated $625M.
- Dodge & Cox fully exited SPRINT CORP FON COM in Q3 2013, selling an estimated $1.76B.
- Dodge & Cox's ten largest holdings make up 35% of its $88B portfolio in Q3 2013.
- Dodge & Cox opened 4 new positions and closed 6 in Q3 2013.
- Dodge & Cox's portfolio value rose 4.6% quarter-over-quarter to $88B.
Based on Dodge & Cox's 13F filing for Q3 2013, filed 13 Nov 2013.