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 |
Charter Communications
CHTR
|
+$2.44B |
| 2 |
APC
Anadarko Petroleum
APC
|
+$467M |
| 3 |
MetLife
MET
|
+$358M |
| 4 |
Union Pacific
UNP
|
+$248M |
| 5 |
JD.com
JD
|
+$240M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$3.73B |
| 2 |
ADT
ADT Corp
ADT
|
+$843M |
| 3 |
SLB Ltd
SLB
|
+$614M |
| 4 |
Teck Resources
TECK
|
+$442M |
| 5 |
EMC
EMC CORPORATION
EMC
|
+$432M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.42% |
| 2 | Technology | 21.75% |
| 3 | Communication Services | 16.84% |
| 4 | Healthcare | 15.78% |
| 5 | Energy | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TYC
26
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $1.63B | 1.61% |
36,485,263
-2,553,214
| -7% | -$107M |
|
27
TE Connectivity
TEL
$58.8B
| $1.63B | 1.61% |
28,455,613
-443,676
| -2% | -$26.7M |
|
28
APA Corp
APA
$14.8B
| $1.62B | 1.6% |
29,097,064
-162,650
| -0.6% | -$8.84M |
|
|
29
MetLife
MET
$61.2B
| $1.56B | 1.54% |
43,907,592
+9,183,847
| +26% | +$358M |
|
|
BHI
30
DELISTED
Baker Hughes
BHI
| $1.52B | 1.5% |
33,694,040
-299,745
| -0.9% | -$13.6M |
|
31
Gen Digital
GEN
$18.3B
| $1.44B | 1.42% |
70,042,025
-3,616,350
| -5% | -$65.1M |
|
32
Merck
MRK
$369B
| $1.4B | 1.39% |
25,542,709
-179,093
| -0.7% | -$9.53M |
|
|
33
Union Pacific
UNP
$183B
| $1.33B | 1.31% |
15,188,949
+2,936,275
| +24% | +$248M |
|
|
TFCFA
34
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.27B | 1.25% |
46,920,031
+55,000
| +0.1% | +$1.6M |
|
35
Petrobras Class A
PBR.A
$107B
| $1.13B | 1.12% |
194,732,203
-2,821,700
| -1% | -$14.6M |
|
36
Corning
GLW
$132B
| $1.09B | 1.07% |
53,116,905
-4,132,000
| -7% | -$82.8M |
|
37
NOV
NOV
$7.4B
| $1.07B | 1.06% |
31,881,470
+5,258,750
| +20% | +$169M |
|
38
AstraZeneca
AZN
$255B
| $982M | 0.97% |
16,266,362
+3,241,537
| +25% | +$188M |
|
39
Baidu
BIDU
$32.9B
| $907M | 0.9% |
5,490,787
+234,600
| +4% | +$41.2M |
|
40
NetApp
NTAP
$37.4B
| $892M | 0.88% |
36,281,441
+246,450
| +0.7% | +$6.07M |
|
41
Truist Financial
TFC
$61.4B
| $881M | 0.87% |
24,726,502
-9,800
| -0% | -$342K |
|
42
Booking.com
BKNG
$152B
| $842M | 0.83% |
16,869,450
-99,125
| -0.6% | -$5.15M |
|
|
S
43
DELISTED
Sprint Corporation
S
| $835M | 0.82% |
184,335,741
-850,832
| -0.5% | -$3.15M |
|
|
44
JD.com
JD
$38.5B
| $835M | 0.82% |
39,331,236
+9,934,800
| +34% | +$240M |
|
45
Celanese
CE
$4.92B
| $829M | 0.82% |
12,666,629
-487,300
| -4% | -$33.9M |
|
46
Target
TGT
$75.4B
| $821M | 0.81% |
11,757,005
+1,341,678
| +13% | +$100M |
|
47
Liberty Global Class C
LBTYK
$3.51B
| $773M | 0.76% |
26,981,147
+1,093,464
| +4% | +$34.5M |
|
|
DISH
48
DELISTED
DISH Network Corp.
DISH
| $740M | 0.73% |
14,122,580
+2,150
| +0% | +$105K |
|
49
Synopsys
SNPS
$89.1B
| $739M | 0.73% |
13,659,473
-794,300
| -5% | -$39.8M |
|
|
MXIM
50
DELISTED
Maxim Integrated Products
MXIM
| $728M | 0.72% |
20,406,935
-1,371,850
| -6% | -$50.3M |
|
Similar funds
Dodge & Cox's Q2 2016 Portfolio in Review
As of Q2 2016, Dodge & Cox held 196 positions worth $101B, down 0.95% from $102B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Dodge & Cox's Q2 2016 filing shows 5 new, 37 increased, 102 reduced and 21 closed positions. Its largest new stake was Charter Communications: 11,347,398 shares worth $2.59B. The largest sale was TIME WARNER CABLE INC NEW COM STK, an estimated $3.73B.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 22% a quarter earlier, followed by Technology and Communication Services.
- Dodge & Cox's largest Q2 2016 buy was Charter Communications: 11,347,398 shares worth $2.59B.
- Dodge & Cox added most to Anadarko Petroleum in Q2 2016, an estimated $467M increase.
- Dodge & Cox's biggest Q2 2016 reduction was SLB Ltd, cutting an estimated $614M.
- Dodge & Cox fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $3.73B.
- Dodge & Cox's ten largest holdings make up 32% of its $101B portfolio in Q2 2016.
- Dodge & Cox opened 5 new positions and closed 21 in Q2 2016.
- Dodge & Cox's portfolio value fell 0.95% quarter-over-quarter to $101B.
Based on Dodge & Cox's 13F filing for Q2 2016, filed 12 Aug 2016.