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 |
Union Pacific
UNP
|
$952M |
| 2 |
JD.com
JD
|
$584M |
| 3 |
American Express
AXP
|
$566M |
| 4 |
Goldman Sachs
GS
|
$422M |
| 5 |
AstraZeneca
AZN
|
$402M |
Top Sells
| 1 |
Microsoft
MSFT
|
$753M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$486M |
| 3 |
TE Connectivity
TEL
|
$396M |
| 4 |
Cadence Design Systems
CDNS
|
$306M |
| 5 |
Gen Digital
GEN
|
$252M |
Sector Composition
| 1 | Financials | 22.14% |
| 2 | Technology | 21.47% |
| 3 | Communication Services | 17.25% |
| 4 | Healthcare | 14.29% |
| 5 | Energy | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
ESRX
26
DELISTED
Express Scripts Holding Company
ESRX
| $1.52B | 1.48% |
22,069,813
-3,450,505
| -14% | -$237M |
|
|
TYC
27
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $1.5B | 1.47% |
40,877,986
-490,458
| -1% | -$18M |
|
|
BHI
28
DELISTED
Baker Hughes
BHI
| $1.49B | 1.46% |
33,993,785
+23,150
| +0.1% | +$1.01M |
|
29
APA Corp
APA
$8.47B
| $1.43B | 1.4% |
29,259,714
+3,245,030
| +12% | +$158M |
|
30
MetLife
MET
$53.4B
| $1.36B | 1.33% |
30,948,079
+2,861,828
| +10% | +$126M |
|
|
31
Gen Digital
GEN
$18.1B
| $1.35B | 1.32% |
73,658,375
-13,725,050
| -16% | -$252M |
|
|
TFCFA
32
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.31B | 1.28% |
46,865,031
-60,776
| -0.1% | -$1.69M |
|
33
Merck
MRK
$212B
| $1.3B | 1.27% |
24,543,704
-19,446
| -0.1% | -$1.03M |
|
34
Corning
GLW
$58.3B
| $1.2B | 1.17% |
57,248,905
-555,120
| -1% | -$11.6M |
|
35
Baidu
BIDU
$32.9B
| $1B | 0.98% |
5,256,187
-270,085
| -5% | -$51.6M |
|
36
NetApp
NTAP
$22.9B
| $983M | 0.96% |
36,034,991
+1,184,500
| +3% | +$32.3M |
|
|
37
Union Pacific
UNP
$131B
| $975M | 0.95% |
12,252,674
+11,965,075
| +4,160% | +$952M |
|
38
Petrobras Class A
PBR.A
$73.5B
| $895M | 0.88% |
197,553,903
-38,500
| -0% | -$174K |
|
39
Booking.com
BKNG
$178B
| $875M | 0.86% |
678,743
+2,375
| +0.4% | +$3.06M |
|
40
Celanese
CE
$4.98B
| $862M | 0.84% |
13,153,929
-137,350
| -1% | -$9M |
|
41
Target
TGT
$41.9B
| $857M | 0.84% |
10,415,327
-418,599
| -4% | -$34.4M |
|
42
Liberty Global Class C
LBTYK
$4.02B
| $844M | 0.83% |
22,471,947
+649,400
| +3% | +$24.4M |
|
|
ADT
43
DELISTED
ADT CORP
ADT
| $843M | 0.82% |
20,426,715
-5,334,838
| -21% | -$220M |
|
44
NOV
NOV
$4.85B
| $828M | 0.81% |
26,622,720
+5,347,050
| +25% | +$166M |
|
45
Truist Financial
TFC
$59.4B
| $823M | 0.81% |
24,736,302
+713,975
| +3% | +$23.8M |
|
|
MXIM
46
DELISTED
Maxim Integrated Products
MXIM
| $801M | 0.78% |
21,778,785
-97,476
| -0.4% | -$3.59M |
|
|
47
JD.com
JD
$44.1B
| $779M | 0.76% |
29,396,436
+22,040,700
| +300% | +$584M |
|
48
Televisa
TV
$1.51B
| $758M | 0.74% |
27,615,992
-1,000
| -0% | -$27.5K |
|
|
49
AstraZeneca
AZN
$248B
| $734M | 0.72% |
26,049,650
+14,272,518
| +121% | +$402M |
|
50
Synopsys
SNPS
$109B
| $700M | 0.68% |
14,453,773
-565,900
| -4% | -$27.4M |
|