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 |
Wells Fargo
WFC
|
$649M |
| 2 |
RTX Corp
RTX
|
$602M |
| 3 |
BioMarin Pharmaceuticals
BMRN
|
$312M |
| 4 |
Bank of New York Mellon
BK
|
$272M |
| 5 |
Williams Companies
WMB
|
$252M |
Top Sells
| 1 |
FedEx
FDX
|
$2.42B |
| 2 |
Microsoft
MSFT
|
$532M |
| 3 |
Goldman Sachs
GS
|
$470M |
| 4 |
Microchip Technology
MCHP
|
$438M |
| 5 |
Booking.com
BKNG
|
$400M |
Sector Composition
| 1 | Financials | 24.97% |
| 2 | Technology | 18.56% |
| 3 | Healthcare | 15.26% |
| 4 | Communication Services | 15% |
| 5 | Industrials | 10.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
American Express
AXP
$231B
| $1.64B | 1.5% | 16,352,645 -160,356 | -1% | -$16.1M |
|
27
Cognizant
CTSH
$35.3B
| $1.63B | 1.49% | 23,452,431 -258,308 | -1% | -$17.9M |
|
28
Hewlett Packard
HPE
$29.6B
| $1.47B | 1.35% | 157,062,057 +2,184,245 | +1% | +$20.5M |
|
29
Schlumberger
SLB
$55B
| $1.27B | 1.17% | 81,925,245 -7,141,675 | -8% | -$111M |
|
30
JPMorgan Chase
JPM
$829B
| $1.22B | 1.11% | 12,635,202 -43,814 | -0.3% | -$4.22M |
|
31
Occidental Petroleum
OXY
$46.9B
| $1.21B | 1.11% | 121,309,016 -2,368,158 | -2% | -$23.7M |
|
32
State Street
STT
$32.6B
| $1.21B | 1.11% | 20,458,469 +2,318,809 | +13% | +$138M |
|
33
Cisco
CSCO
$274B
| $1.19B | 1.09% | 30,315,738 +2,774,666 | +10% | +$109M |
|
34
UBS Group
UBS
$128B
| $1.18B | 1.08% | 105,658,242 -22,845,200 | -18% | -$255M |
|
35
Truist Financial
TFC
$60.4B
| $1.17B | 1.07% | 30,673,116 +1,015,542 | +3% | +$38.6M |
|
36
Celanese
CE
$5.22B
| $1.15B | 1.05% | 10,702,048 -218,069 | -2% | -$23.4M |
|
37
Baker Hughes
BKR
$44.8B
| $1.09B | 1% | 82,156,031 -8,168,005 | -9% | -$109M |
|
38
Carrier Global
CARR
$55.5B
| $1.08B | 0.99% | 35,438,170 -804,303 | -2% | -$24.6M |
|
39
Meta Platforms (Facebook)
META
$1.86T
| $1.08B | 0.99% | 4,113,045 -442,125 | -10% | -$116M |
|
|
JNPR
40
DELISTED
Juniper Networks
JNPR
| $1.03B | 0.94% | 47,857,869 -294,202 | -0.6% | -$6.33M |
|
41
Molson Coors Class B
TAP
$9.98B
| $1B | 0.92% | 29,806,693 +6,698,355 | +29% | +$225M |
|
|
42
Williams Companies
WMB
$70.7B
| $972M | 0.89% | 49,475,750 +12,816,822 | +35% | +$252M |
|
43
CVS Health
CVS
$92.8B
| $928M | 0.85% | 15,882,844 -118,894 | -0.7% | -$6.94M |
|
44
Fox Class A
FOXA
$26.6B
| $898M | 0.82% | 32,273,736 +2,341,273 | +8% | +$65.2M |
|
|
VMW
45
DELISTED
VMware, Inc
VMW
| $890M | 0.81% | 6,197,770 +71,850 | +1% | +$10.3M |
|
46
Alibaba
BABA
$322B
| $870M | 0.8% | 2,960,500 +18,400 | +0.6% | +$5.41M |
|
|
DISH
47
DELISTED
DISH Network Corp.
DISH
| $857M | 0.78% | 29,511,377 -1,918,451 | -6% | -$55.7M |
|
48
Suncor Energy
SU
$50.1B
| $844M | 0.77% | 69,028,354 +9,765,600 | +16% | +$119M |
|
|
CXO
49
DELISTED
CONCHO RESOURCES INC.
CXO
| $839M | 0.77% | 19,010,908 +1,185,555 | +7% | +$52.3M |
|
50
AstraZeneca
AZN
$248B
| $812M | 0.74% | 14,821,346 -3,954,417 | -21% | -$217M |
|