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
|
$1.15B |
| 2 |
Cigna
CI
|
$676M |
| 3 |
Gilead Sciences
GILD
|
$580M |
| 4 |
Novartis
NVS
|
$394M |
| 5 |
Teck Resources
TECK
|
$366M |
Top Sells
| 1 |
Johnson Controls International
JCI
|
$251M |
| 2 |
APA Corp
APA
|
$183M |
| 3 |
HP
HPQ
|
$180M |
| 4 |
Capital One
COF
|
$180M |
| 5 |
Wells Fargo
WFC
|
$178M |
Sector Composition
| 1 | Financials | 25.43% |
| 2 | Technology | 17.73% |
| 3 | Healthcare | 16.49% |
| 4 | Communication Services | 15.93% |
| 5 | Energy | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Novartis
NVS
$245B
| $2.39B | 1.56% | 29,265,900 +4,812,635 | +20% | +$394M |
|
27
Cognizant
CTSH
$35.3B
| $2.21B | 1.44% | 29,722,173 +363,049 | +1% | +$26.9M |
|
28
Booking.com
BKNG
$181B
| $2.04B | 1.33% | 861,381 -35,916 | -4% | -$85.3M |
|
29
American Express
AXP
$231B
| $2.04B | 1.33% | 12,198,313 -464,621 | -4% | -$77.8M |
|
30
State Street
STT
$32.6B
| $1.94B | 1.27% | 22,937,774 +1,826,525 | +9% | +$155M |
|
31
Fox Class A
FOXA
$26.6B
| $1.94B | 1.26% | 48,411,769 -310,131 | -0.6% | -$12.4M |
|
32
Williams Companies
WMB
$70.7B
| $1.93B | 1.25% | 74,226,792 +1,002,298 | +1% | +$26M |
|
33
Schlumberger
SLB
$55B
| $1.8B | 1.17% | 60,576,824 -1,802,100 | -3% | -$53.4M |
|
34
UnitedHealth
UNH
$281B
| $1.72B | 1.12% | 4,410,525 -124,105 | -3% | -$48.5M |
|
35
Bristol-Myers Squibb
BMY
$96B
| $1.69B | 1.1% | 28,517,357 +43,699 | +0.2% | +$2.59M |
|
|
DISH
36
DELISTED
DISH Network Corp.
DISH
| $1.65B | 1.08% | 37,981,487 +2,173,449 | +6% | +$94.5M |
|
37
Hewlett Packard
HPE
$29.6B
| $1.64B | 1.07% | 114,912,792 +376,000 | +0.3% | +$5.36M |
|
38
T-Mobile US
TMUS
$284B
| $1.63B | 1.06% | 12,761,585 +1,437,072 | +13% | +$184M |
|
39
UBS Group
UBS
$128B
| $1.6B | 1.04% | 100,194,242 +10,629,700 | +12% | +$170M |
|
40
ConocoPhillips
COP
$124B
| $1.51B | 0.99% | 22,349,446 -44,510 | -0.2% | -$3.02M |
|
41
Molson Coors Class B
TAP
$9.98B
| $1.45B | 0.94% | 31,224,608 -182,700 | -0.6% | -$8.47M |
|
42
Honda
HMC
$44.4B
| $1.35B | 0.88% | 44,084,528 +2,622,500 | +6% | +$80.4M |
|
43
CVS Health
CVS
$92.8B
| $1.3B | 0.85% | 15,290,222 -432,852 | -3% | -$36.7M |
|
44
Meta Platforms (Facebook)
META
$1.86T
| $1.26B | 0.82% | 3,723,430 -11,985 | -0.3% | -$4.07M |
|
|
JNPR
45
DELISTED
Juniper Networks
JNPR
| $1.26B | 0.82% | 45,877,993 -810,800 | -2% | -$22.3M |
|
46
Baker Hughes
BKR
$44.8B
| $1.25B | 0.81% | 50,481,074 -627,632 | -1% | -$15.5M |
|
|
VMW
47
DELISTED
VMware, Inc
VMW
| $1.23B | 0.8% | 8,304,400 +1,123,575 | +16% | +$167M |
|
48
Alibaba
BABA
$322B
| $1.18B | 0.77% | 8,001,070 +1,764,900 | +28% | +$261M |
|
49
Celanese
CE
$5.22B
| $1.17B | 0.76% | 7,745,982 -155,635 | -2% | -$23.4M |
|
50
BioMarin Pharmaceuticals
BMRN
$11.2B
| $1.15B | 0.75% | 14,818,582 +716,485 | +5% | +$55.4M |
|