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 |
Occidental Petroleum
OXY
|
$1.21B |
| 2 |
Cognizant
CTSH
|
$1.09B |
| 3 |
HES
Hess
HES
|
$613M |
| 4 |
Microchip Technology
MCHP
|
$568M |
| 5 |
HP
HPQ
|
$518M |
Top Sells
| 1 |
APC
Anadarko Petroleum
APC
|
$1.67B |
| 2 |
Comcast
CMCSA
|
$1.31B |
| 3 |
Eli Lilly
LLY
|
$645M |
| 4 |
AT&T
T
|
$643M |
| 5 |
Union Pacific
UNP
|
$636M |
Sector Composition
| 1 | Financials | 24.18% |
| 2 | Healthcare | 17.09% |
| 3 | Technology | 15.54% |
| 4 | Communication Services | 14.39% |
| 5 | Energy | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Bank of New York Mellon
BK
$74.5B
| $2.05B | 1.65% | 46,336,158 -3,714,992 | -7% | -$164M |
|
27
AstraZeneca
AZN
$248B
| $2.04B | 1.65% | 49,336,962 -77,239 | -0.2% | -$3.19M |
|
28
Hewlett Packard
HPE
$29.6B
| $1.99B | 1.61% | 133,309,874 -23,627,029 | -15% | -$353M |
|
29
GSK
GSK
$79.9B
| $1.93B | 1.56% | 48,233,018 +151,073 | +0.3% | +$6.05M |
|
30
UnitedHealth
UNH
$281B
| $1.62B | 1.31% | 6,631,047 +330,220 | +5% | +$80.6M |
|
31
APA Corp
APA
$8.31B
| $1.61B | 1.3% | 55,493,689 +145,554 | +0.3% | +$4.22M |
|
32
UBS Group
UBS
$128B
| $1.53B | 1.24% | 129,141,427 +141,400 | +0.1% | +$1.68M |
|
|
APC
33
DELISTED
Anadarko Petroleum
APC
| $1.53B | 1.24% | 21,737,617 -23,663,819 | -52% | -$1.67B |
|
34
Baker Hughes
BKR
$44.8B
| $1.47B | 1.19% | 59,654,298 +630,194 | +1% | +$15.5M |
|
35
Cisco
CSCO
$274B
| $1.4B | 1.14% | 25,664,697 -5,528,119 | -18% | -$303M |
|
36
Linde
LIN
$224B
| $1.39B | 1.12% | 6,899,769 -922,425 | -12% | -$185M |
|
|
JNPR
37
DELISTED
Juniper Networks
JNPR
| $1.28B | 1.04% | 48,190,180 +3,596,323 | +8% | +$95.8M |
|
38
Liberty Global Class C
LBTYK
$4.07B
| $1.28B | 1.03% | 48,161,868 +1,050,000 | +2% | +$27.9M |
|
39
Celanese
CE
$5.22B
| $1.16B | 0.94% | 10,804,730 -9,555 | -0.1% | -$1.03M |
|
40
Gilead Sciences
GILD
$140B
| $1.16B | 0.94% | 17,226,811 +153,131 | +0.9% | +$10.3M |
|
|
DISH
41
DELISTED
DISH Network Corp.
DISH
| $1.14B | 0.92% | 29,593,023 +1,224,850 | +4% | +$47M |
|
42
CVS Health
CVS
$92.8B
| $1.13B | 0.91% | 20,690,304 +842,140 | +4% | +$45.9M |
|
43
Suncor Energy
SU
$50.1B
| $1.12B | 0.91% | 36,007,300 +975,500 | +3% | +$30.4M |
|
|
44
Cognizant
CTSH
$35.3B
| $1.09B | 0.88% | +17,257,544 | New | +$1.09B |
|
45
Truist Financial
TFC
$60.4B
| $1.01B | 0.82% | 20,552,644 +2,345,916 | +13% | +$115M |
|
|
46
Eli Lilly
LLY
$657B
| $982M | 0.79% | 8,861,157 -5,818,238 | -40% | -$645M |
|
47
Baidu
BIDU
$32.8B
| $970M | 0.78% | 8,269,187 +3,318,900 | +67% | +$390M |
|
|
ZAYO
48
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $882M | 0.71% | 26,802,213 -1,956,709 | -7% | -$64.4M |
|
|
MFGP
49
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $785M | 0.64% | 29,979,582 -6,156,835 | -17% | -$161M |
|
|
QVCGA
50
QVC Group, Inc. Series A Common Stock
QVCGA
$69.2M
| $785M | 0.63% | 63,359,813 +6,806,789 | +12% | +$84.3M |
|