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
$8.31B
| $1.43B | 1.4% | 29,259,714 +3,245,030 | +12% | +$158M |
|
30
MetLife
MET
$54.1B
| $1.36B | 1.33% | 30,948,079 +2,861,828 | +10% | +$126M |
|
|
31
Gen Digital
GEN
$18.6B
| $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
$210B
| $1.3B | 1.27% | 24,543,704 -19,446 | -0.1% | -$1.03M |
|
34
Corning
GLW
$57.4B
| $1.2B | 1.17% | 57,248,905 -555,120 | -1% | -$11.6M |
|
35
Baidu
BIDU
$32.8B
| $1B | 0.98% | 5,256,187 -270,085 | -5% | -$51.6M |
|
36
NetApp
NTAP
$22.6B
| $983M | 0.96% | 36,034,991 +1,184,500 | +3% | +$32.3M |
|
|
37
Union Pacific
UNP
$133B
| $975M | 0.95% | 12,252,674 +11,965,075 | +4,160% | +$952M |
|
38
Petrobras Class A
PBR.A
$73.9B
| $895M | 0.88% | 197,553,903 -38,500 | -0% | -$174K |
|
39
Booking.com
BKNG
$181B
| $875M | 0.86% | 678,743 +2,375 | +0.4% | +$3.06M |
|
40
Celanese
CE
$5.22B
| $862M | 0.84% | 13,153,929 -137,350 | -1% | -$9M |
|
41
Target
TGT
$43.6B
| $857M | 0.84% | 10,415,327 -418,599 | -4% | -$34.4M |
|
42
Liberty Global Class C
LBTYK
$4.07B
| $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
$4.94B
| $828M | 0.81% | 26,622,720 +5,347,050 | +25% | +$166M |
|
45
Truist Financial
TFC
$60.4B
| $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
$1.49B
| $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
$112B
| $700M | 0.68% | 14,453,773 -565,900 | -4% | -$27.4M |
|