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 |
Hewlett Packard
HPE
|
$3.31B |
| 2 |
American Express
AXP
|
$858M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
$856M |
| 4 |
Elevance Health
ELV
|
$414M |
| 5 |
AstraZeneca
AZN
|
$400M |
Top Sells
| 1 |
Pfizer
PFE
|
$1.39B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$994M |
| 3 |
GE Aerospace
GE
|
$840M |
| 4 |
UBS Group
UBS
|
$566M |
| 5 |
Baidu
BIDU
|
$504M |
Sector Composition
| 1 | Financials | 23.51% |
| 2 | Technology | 22.02% |
| 3 | Communication Services | 17.23% |
| 4 | Healthcare | 15.08% |
| 5 | Energy | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
UnitedHealth
UNH
$281B
| $1.63B | 1.6% | 13,859,053 +1,063,576 | +8% | +$125M |
|
|
BHI
27
DELISTED
Baker Hughes
BHI
| $1.57B | 1.54% | 33,970,635 +199,084 | +0.6% | +$9.19M |
|
28
MetLife
MET
$54.1B
| $1.35B | 1.33% | 28,086,251 -38,980 | -0.1% | -$1.88M |
|
|
TYC
29
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $1.32B | 1.29% | 41,368,444 -1,436,172 | -3% | -$45.8M |
|
30
Merck
MRK
$210B
| $1.3B | 1.27% | 24,563,150 -22,108 | -0.1% | -$1.17M |
|
|
TFCFA
31
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.27B | 1.25% | 46,925,807 +261,671 | +0.6% | +$7.11M |
|
|
32
American Express
AXP
$231B
| $1.19B | 1.17% | 17,137,288 +12,335,082 | +257% | +$858M |
|
33
APA Corp
APA
$8.31B
| $1.16B | 1.14% | 26,014,684 +37,410 | +0.1% | +$1.66M |
|
34
Corning
GLW
$57.4B
| $1.06B | 1.04% | 57,804,025 +10,101,559 | +21% | +$185M |
|
|
35
Baidu
BIDU
$32.8B
| $1.04B | 1.03% | 5,526,272 -2,666,615 | -33% | -$504M |
|
36
NetApp
NTAP
$22.6B
| $925M | 0.91% | 34,850,491 -1,911,442 | -5% | -$50.7M |
|
37
Truist Financial
TFC
$60.4B
| $908M | 0.89% | 24,022,327 -1,122,655 | -4% | -$42.4M |
|
38
Celanese
CE
$5.22B
| $895M | 0.88% | 13,291,279 -787,800 | -6% | -$53M |
|
39
Liberty Global Class C
LBTYK
$4.07B
| $890M | 0.87% | 21,822,547 +679,300 | +3% | +$27.7M |
|
40
Booking.com
BKNG
$181B
| $862M | 0.85% | 676,368 +2,753 | +0.4% | +$3.51M |
|
|
41
Alphabet (Google) Class A
GOOGL
$2.57T
| $856M | 0.84% | +1,099,716 | New | +$856M |
|
|
ADT
42
DELISTED
ADT CORP
ADT
| $850M | 0.83% | 25,761,553 -1,243,012 | -5% | -$41M |
|
|
MXIM
43
DELISTED
Maxim Integrated Products
MXIM
| $831M | 0.82% | 21,876,261 -1,932,938 | -8% | -$73.5M |
|
44
Target
TGT
$43.6B
| $787M | 0.77% | 10,833,926 -1,472,478 | -12% | -$107M |
|
45
Televisa
TV
$1.49B
| $751M | 0.74% | 27,616,992 +50,300 | +0.2% | +$1.37M |
|
46
NOV
NOV
$4.94B
| $713M | 0.7% | 21,275,670 -407,013 | -2% | -$13.6M |
|
47
Danaher
DHR
$147B
| $689M | 0.68% | 7,419,808 -1,876,750 | -20% | -$174M |
|
48
Synopsys
SNPS
$112B
| $685M | 0.67% | 15,019,673 -2,238,600 | -13% | -$102M |
|
|
S
49
DELISTED
Sprint Corporation
S
| $672M | 0.66% | 185,713,517 +38,388 | +0% | +$139K |
|
50
Petrobras Class A
PBR.A
$73.9B
| $672M | 0.66% | 197,592,403 +16,527,100 | +9% | +$56.2M |
|