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 |
Sanofi
SNY
|
$1.44B |
| 2 |
ConocoPhillips
COP
|
$1.27B |
| 3 |
Fiserv
FI
|
$958M |
| 4 |
GSK
GSK
|
$893M |
| 5 |
Alibaba
BABA
|
$629M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
$1.67B |
| 2 |
Bank of America
BAC
|
$1.16B |
| 3 |
CXO
CONCHO RESOURCES INC.
CXO
|
$1.05B |
| 4 |
Capital One
COF
|
$960M |
| 5 |
HP
HPQ
|
$775M |
Sector Composition
| 1 | Financials | 26.36% |
| 2 | Technology | 18.58% |
| 3 | Healthcare | 14.71% |
| 4 | Communication Services | 14.08% |
| 5 | Energy | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
American Express
AXP
$231B
| $1.93B | 1.38% | 13,668,764 -676,901 | -5% | -$95.7M |
|
27
Schlumberger
SLB
$55B
| $1.87B | 1.33% | 68,655,839 -7,901,550 | -10% | -$215M |
|
28
Novartis
NVS
$245B
| $1.85B | 1.32% | 21,670,237 +54,436 | +0.3% | +$4.65M |
|
29
UnitedHealth
UNH
$281B
| $1.78B | 1.28% | 4,793,869 -451,392 | -9% | -$168M |
|
30
Bristol-Myers Squibb
BMY
$96B
| $1.73B | 1.24% | 27,425,333 +776,638 | +3% | +$49M |
|
|
31
Fiserv
FI
$75.1B
| $1.71B | 1.23% | 14,396,386 +8,047,355 | +127% | +$958M |
|
32
State Street
STT
$32.6B
| $1.7B | 1.21% | 20,202,227 -124,997 | -0.6% | -$10.5M |
|
33
Cognizant
CTSH
$35.3B
| $1.65B | 1.18% | 21,106,780 -645,865 | -3% | -$50.5M |
|
34
Williams Companies
WMB
$70.7B
| $1.62B | 1.16% | 68,428,063 +21,150,969 | +45% | +$501M |
|
35
Molson Coors Class B
TAP
$9.98B
| $1.6B | 1.14% | 31,280,792 +1,692,550 | +6% | +$86.6M |
|
36
Fox Class A
FOXA
$26.6B
| $1.58B | 1.13% | 43,671,664 -603,097 | -1% | -$21.8M |
|
37
UBS Group
UBS
$128B
| $1.38B | 0.99% | 89,315,642 -2,997,600 | -3% | -$46.4M |
|
|
DISH
38
DELISTED
DISH Network Corp.
DISH
| $1.3B | 0.93% | 35,960,370 +1,457,450 | +4% | +$52.8M |
|
|
39
Alibaba
BABA
$322B
| $1.28B | 0.91% | 5,640,900 +2,773,100 | +97% | +$629M |
|
|
40
ConocoPhillips
COP
$124B
| $1.27B | 0.91% | 23,990,183 +23,965,938 | +98,849% | +$1.27B |
|
41
Celanese
CE
$5.22B
| $1.27B | 0.91% | 8,454,732 -1,167,938 | -12% | -$175M |
|
42
Suncor Energy
SU
$50.1B
| $1.25B | 0.9% | 59,934,554 -3,321,000 | -5% | -$69.4M |
|
43
CVS Health
CVS
$92.8B
| $1.22B | 0.87% | 16,164,985 +204,512 | +1% | +$15.4M |
|
|
JNPR
44
DELISTED
Juniper Networks
JNPR
| $1.2B | 0.86% | 47,391,847 -80,850 | -0.2% | -$2.05M |
|
45
Gilead Sciences
GILD
$140B
| $1.19B | 0.85% | 18,462,150 +1,354,262 | +8% | +$87.5M |
|
46
Carrier Global
CARR
$55.5B
| $1.18B | 0.85% | 28,018,581 -3,215,275 | -10% | -$136M |
|
47
Baker Hughes
BKR
$44.8B
| $1.11B | 0.79% | 51,450,313 -25,465,372 | -33% | -$550M |
|
|
VMW
48
DELISTED
VMware, Inc
VMW
| $1.03B | 0.74% | 6,835,555 +364,160 | +6% | +$54.8M |
|
49
Meta Platforms (Facebook)
META
$1.86T
| $1.01B | 0.72% | 3,428,375 +31,770 | +0.9% | +$9.36M |
|
50
Truist Financial
TFC
$60.4B
| $989M | 0.71% | 16,955,789 -7,192,996 | -30% | -$419M |
|