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 |
T-Mobile US
TMUS
|
$1.33B |
| 2 |
Honda
HMC
|
$964M |
| 3 |
Fiserv
FI
|
$919M |
| 4 |
Incyte
INCY
|
$781M |
| 5 |
Gilead Sciences
GILD
|
$723M |
Top Sells
| 1 |
Capital One
COF
|
$1.09B |
| 2 |
Hewlett Packard
HPE
|
$604M |
| 3 |
APA Corp
APA
|
$437M |
| 4 |
Johnson Controls International
JCI
|
$367M |
| 5 |
Goldman Sachs
GS
|
$296M |
Sector Composition
| 1 | Financials | 24.9% |
| 2 | Technology | 17.6% |
| 3 | Communication Services | 15.85% |
| 4 | Healthcare | 15.64% |
| 5 | Energy | 9.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
American Express
AXP
$231B
| $2.09B | 1.37% | 12,662,934 -1,005,830 | -7% | -$166M |
|
27
Cognizant
CTSH
$35.3B
| $2.03B | 1.33% | 29,359,124 +8,252,344 | +39% | +$572M |
|
28
Schlumberger
SLB
$55B
| $2B | 1.31% | 62,378,924 -6,276,915 | -9% | -$201M |
|
|
29
Gilead Sciences
GILD
$140B
| $1.99B | 1.3% | 28,961,844 +10,499,694 | +57% | +$723M |
|
30
Booking.com
BKNG
$181B
| $1.96B | 1.28% | 897,297 -20,108 | -2% | -$44M |
|
31
Williams Companies
WMB
$70.7B
| $1.94B | 1.27% | 73,224,494 +4,796,431 | +7% | +$127M |
|
32
Bristol-Myers Squibb
BMY
$96B
| $1.9B | 1.24% | 28,473,658 +1,048,325 | +4% | +$70M |
|
33
UnitedHealth
UNH
$281B
| $1.82B | 1.19% | 4,534,630 -259,239 | -5% | -$104M |
|
34
Fox Class A
FOXA
$26.6B
| $1.81B | 1.18% | 48,721,900 +5,050,236 | +12% | +$188M |
|
35
State Street
STT
$32.6B
| $1.74B | 1.14% | 21,111,249 +909,022 | +4% | +$74.8M |
|
36
Molson Coors Class B
TAP
$9.98B
| $1.69B | 1.1% | 31,407,308 +126,516 | +0.4% | +$6.79M |
|
|
37
Hewlett Packard
HPE
$29.6B
| $1.67B | 1.09% | 114,536,792 -41,427,658 | -27% | -$604M |
|
|
38
T-Mobile US
TMUS
$284B
| $1.64B | 1.07% | 11,324,513 +9,195,915 | +432% | +$1.33B |
|
|
DISH
39
DELISTED
DISH Network Corp.
DISH
| $1.5B | 0.98% | 35,808,038 -152,332 | -0.4% | -$6.37M |
|
40
Alibaba
BABA
$322B
| $1.41B | 0.93% | 6,236,170 +595,270 | +11% | +$135M |
|
41
UBS Group
UBS
$128B
| $1.37B | 0.9% | 89,564,542 +248,900 | +0.3% | +$3.81M |
|
42
ConocoPhillips
COP
$124B
| $1.36B | 0.89% | 22,393,956 -1,596,227 | -7% | -$97.2M |
|
43
Suncor Energy
SU
$50.1B
| $1.35B | 0.88% | 56,296,954 -3,637,600 | -6% | -$87.2M |
|
|
44
Honda
HMC
$44.4B
| $1.33B | 0.87% | 41,462,028 +29,947,004 | +260% | +$964M |
|
45
CVS Health
CVS
$92.8B
| $1.31B | 0.86% | 15,723,074 -441,911 | -3% | -$36.9M |
|
46
Meta Platforms (Facebook)
META
$1.86T
| $1.3B | 0.85% | 3,735,415 +307,040 | +9% | +$107M |
|
|
JNPR
47
DELISTED
Juniper Networks
JNPR
| $1.28B | 0.84% | 46,688,793 -703,054 | -1% | -$19.2M |
|
48
Celanese
CE
$5.22B
| $1.2B | 0.78% | 7,901,617 -553,115 | -7% | -$83.9M |
|
49
BioMarin Pharmaceuticals
BMRN
$11.2B
| $1.18B | 0.77% | 14,102,097 +2,247,789 | +19% | +$188M |
|
50
Carrier Global
CARR
$55.5B
| $1.17B | 0.77% | 24,100,662 -3,917,919 | -14% | -$190M |
|