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 |
Fiserv
FI
|
$723M |
| 2 |
GSK
GSK
|
$660M |
| 3 |
RTX Corp
RTX
|
$628M |
| 4 |
Wells Fargo
WFC
|
$527M |
| 5 |
Cisco
CSCO
|
$370M |
Top Sells
| 1 |
FedEx
FDX
|
$997M |
| 2 |
TE Connectivity
TEL
|
$880M |
| 3 |
Bank of America
BAC
|
$603M |
| 4 |
AstraZeneca
AZN
|
$575M |
| 5 |
Charles Schwab
SCHW
|
$564M |
Sector Composition
| 1 | Financials | 27.05% |
| 2 | Technology | 18.36% |
| 3 | Communication Services | 14.15% |
| 4 | Healthcare | 14.14% |
| 5 | Industrials | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
UnitedHealth
UNH
$281B
| $1.84B | 1.45% | 5,245,261 -1,307,204 | -20% | -$458M |
|
27
Cognizant
CTSH
$35.3B
| $1.78B | 1.41% | 21,752,645 -1,699,786 | -7% | -$139M |
|
28
American Express
AXP
$231B
| $1.73B | 1.37% | 14,345,665 -2,006,980 | -12% | -$243M |
|
|
29
Cisco
CSCO
$274B
| $1.73B | 1.37% | 38,592,574 +8,276,836 | +27% | +$370M |
|
30
Schlumberger
SLB
$55B
| $1.67B | 1.32% | 76,557,389 -5,367,856 | -7% | -$117M |
|
31
Bristol-Myers Squibb
BMY
$96B
| $1.65B | 1.31% | 26,648,695 -551,291 | -2% | -$34.2M |
|
32
Baker Hughes
BKR
$44.8B
| $1.6B | 1.27% | 76,915,685 -5,240,346 | -6% | -$109M |
|
33
JPMorgan Chase
JPM
$829B
| $1.54B | 1.22% | 12,154,454 -480,748 | -4% | -$61.1M |
|
34
State Street
STT
$32.6B
| $1.48B | 1.17% | 20,327,224 -131,245 | -0.6% | -$9.55M |
|
35
Molson Coors Class B
TAP
$9.98B
| $1.34B | 1.06% | 29,588,242 -218,451 | -0.7% | -$9.87M |
|
36
UBS Group
UBS
$128B
| $1.29B | 1.02% | 92,313,242 -13,345,000 | -13% | -$187M |
|
37
Fox Class A
FOXA
$26.6B
| $1.29B | 1.02% | 44,274,761 +12,001,025 | +37% | +$349M |
|
38
Celanese
CE
$5.22B
| $1.25B | 0.99% | 9,622,670 -1,079,378 | -10% | -$140M |
|
39
Carrier Global
CARR
$55.5B
| $1.18B | 0.93% | 31,233,856 -4,204,314 | -12% | -$159M |
|
40
Truist Financial
TFC
$60.4B
| $1.16B | 0.92% | 24,148,785 -6,524,331 | -21% | -$313M |
|
|
DISH
41
DELISTED
DISH Network Corp.
DISH
| $1.12B | 0.88% | 34,502,920 +4,991,543 | +17% | +$161M |
|
42
CVS Health
CVS
$92.8B
| $1.09B | 0.86% | 15,960,473 +77,629 | +0.5% | +$5.3M |
|
|
JNPR
43
DELISTED
Juniper Networks
JNPR
| $1.07B | 0.84% | 47,472,697 -385,172 | -0.8% | -$8.67M |
|
44
Suncor Energy
SU
$50.1B
| $1.06B | 0.84% | 63,255,554 -5,772,800 | -8% | -$96.9M |
|
|
CXO
45
DELISTED
CONCHO RESOURCES INC.
CXO
| $1.05B | 0.83% | 18,060,851 -950,057 | -5% | -$55.4M |
|
46
Gilead Sciences
GILD
$140B
| $997M | 0.79% | 17,107,888 +4,500,035 | +36% | +$262M |
|
47
Williams Companies
WMB
$70.7B
| $948M | 0.75% | 47,277,094 -2,198,656 | -4% | -$44.1M |
|
48
Meta Platforms (Facebook)
META
$1.86T
| $928M | 0.73% | 3,396,605 -716,440 | -17% | -$196M |
|
|
HES
49
DELISTED
Hess
HES
| $908M | 0.72% | 17,204,589 -1,106,291 | -6% | -$58.4M |
|
|
VMW
50
DELISTED
VMware, Inc
VMW
| $908M | 0.72% | 6,471,395 +273,625 | +4% | +$38.4M |
|