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
|
$1.54B |
| 2 |
Dell
DELL
|
$482M |
| 3 |
Ovintiv
OVV
|
$452M |
| 4 |
Baker Hughes
BKR
|
$400M |
| 5 |
Fox Class A
FOXA
|
$374M |
Top Sells
| 1 |
APC
Anadarko Petroleum
APC
|
$1.53B |
| 2 |
Charter Communications
CHTR
|
$1.22B |
| 3 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
$768M |
| 4 |
Microsoft
MSFT
|
$762M |
| 5 |
Danaher
DHR
|
$660M |
Sector Composition
| 1 | Financials | 24.99% |
| 2 | Healthcare | 17.39% |
| 3 | Technology | 15.03% |
| 4 | Communication Services | 13.71% |
| 5 | Energy | 10.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Hewlett Packard
HPE
$29.6B
| $2.07B | 1.7% | 136,544,633 +3,234,759 | +2% | +$49.1M |
|
27
GSK
GSK
$79.9B
| $2.06B | 1.7% | 48,334,394 +101,376 | +0.2% | +$4.33M |
|
28
Schlumberger
SLB
$55B
| $2.02B | 1.66% | 59,068,980 +4,394,130 | +8% | +$150M |
|
|
29
Baker Hughes
BKR
$44.8B
| $1.78B | 1.47% | 76,902,950 +17,248,652 | +29% | +$400M |
|
30
American Express
AXP
$231B
| $1.72B | 1.42% | 14,539,398 -4,641,731 | -24% | -$549M |
|
31
UBS Group
UBS
$128B
| $1.65B | 1.35% | 144,998,827 +15,857,400 | +12% | +$180M |
|
32
UnitedHealth
UNH
$281B
| $1.58B | 1.3% | 7,252,129 +621,082 | +9% | +$135M |
|
33
APA Corp
APA
$8.31B
| $1.42B | 1.17% | 55,404,747 -88,942 | -0.2% | -$2.28M |
|
34
Celanese
CE
$5.22B
| $1.32B | 1.09% | 10,819,330 +14,600 | +0.1% | +$1.79M |
|
35
CVS Health
CVS
$92.8B
| $1.32B | 1.08% | 20,853,172 +162,868 | +0.8% | +$10.3M |
|
36
Truist Financial
TFC
$60.4B
| $1.31B | 1.08% | 24,508,516 +3,955,872 | +19% | +$211M |
|
|
37
Dell
DELL
$82.6B
| $1.24B | 1.02% | 23,926,255 +9,285,418 | +63% | +$482M |
|
|
JNPR
38
DELISTED
Juniper Networks
JNPR
| $1.22B | 1% | 49,228,246 +1,038,066 | +2% | +$25.7M |
|
39
Suncor Energy
SU
$50.1B
| $1.2B | 0.99% | 38,015,500 +2,008,200 | +6% | +$63.4M |
|
40
Gilead Sciences
GILD
$140B
| $1.11B | 0.91% | 17,436,521 +209,710 | +1% | +$13.3M |
|
41
Cognizant
CTSH
$35.3B
| $1.04B | 0.85% | 17,192,859 -64,685 | -0.4% | -$3.9M |
|
42
Cisco
CSCO
$274B
| $1.02B | 0.84% | 20,709,044 -4,955,653 | -19% | -$245M |
|
|
DISH
43
DELISTED
DISH Network Corp.
DISH
| $1B | 0.82% | 29,422,073 -170,950 | -0.6% | -$5.82M |
|
44
Eli Lilly
LLY
$657B
| $986M | 0.81% | 8,819,053 -42,104 | -0.5% | -$4.71M |
|
|
45
Fox Class A
FOXA
$26.6B
| $927M | 0.76% | 29,384,667 +11,861,057 | +68% | +$374M |
|
|
HES
46
DELISTED
Hess
HES
| $892M | 0.73% | 14,741,568 +5,092,449 | +53% | +$308M |
|
47
Linde
LIN
$224B
| $871M | 0.72% | 4,491,594 -2,408,175 | -35% | -$467M |
|
48
Molson Coors Class B
TAP
$9.98B
| $865M | 0.71% | 15,043,998 +1,181,000 | +9% | +$67.9M |
|
49
Halliburton
HAL
$19.4B
| $861M | 0.71% | 45,680,570 +15,490,370 | +51% | +$292M |
|
50
Baidu
BIDU
$32.8B
| $859M | 0.71% | 8,356,187 +87,000 | +1% | +$8.94M |
|