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 |
Norfolk Southern
NSC
|
+$914M |
| 2 |
Truist Financial
TFC
|
+$310M |
| 3 |
Baker Hughes
BKR
|
+$286M |
| 4 |
CVS Health
CVS
|
+$243M |
| 5 |
Alibaba
BABA
|
+$172M |
Top Sells
| 1 |
GE Aerospace
GE
|
+$1.03B |
| 2 |
Meta Platforms (Facebook)
META
|
+$658M |
| 3 |
Molson Coors Class B
TAP
|
+$616M |
| 4 |
FedEx
FDX
|
+$465M |
| 5 |
Novartis
NVS
|
+$391M |
Sector Composition
| 1 | Financials | 20.67% |
| 2 | Healthcare | 18.6% |
| 3 | Technology | 17.71% |
| 4 | Communication Services | 12.88% |
| 5 | Industrials | 10.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Microchip Technology
MCHP
$45.7B
| $1.95B | 1.3% |
21,755,868
-1,143,518
| -5% | -$90.2M |
|
27
Goldman Sachs
GS
$309B
| $1.81B | 1.21% |
5,602,485
-137,820
| -2% | -$45.3M |
|
28
Regeneron Pharmaceuticals
REGN
$69.5B
| $1.72B | 1.15% |
2,394,355
+9,654
| +0.4% | +$7.44M |
|
29
UnitedHealth
UNH
$390B
| $1.66B | 1.11% |
3,446,770
-42,742
| -1% | -$20.9M |
|
|
30
Novartis
NVS
$293B
| $1.66B | 1.1% |
16,407,113
-3,905,567
| -19% | -$391M |
|
31
T-Mobile US
TMUS
$204B
| $1.6B | 1.07% |
11,506,948
+380,224
| +3% | +$53.4M |
|
32
State Street
STT
$49.3B
| $1.59B | 1.06% |
21,725,474
-105,513
| -0.5% | -$7.59M |
|
33
Fidelity National Information Services
FIS
$21.7B
| $1.52B | 1.01% |
27,772,475
+278,835
| +1% | +$15.3M |
|
34
LyondellBasell Industries
LYB
$18.8B
| $1.5B | 1% |
16,376,292
-68,950
| -0.4% | -$6.3M |
|
35
Alphabet (Google) Class A
GOOGL
$4.3T
| $1.49B | 1% |
12,473,910
-367,420
| -3% | -$42.3M |
|
36
AB InBev
BUD
$153B
| $1.43B | 0.96% |
25,285,728
-16,625
| -0.1% | -$1.01M |
|
37
ConocoPhillips
COP
$137B
| $1.42B | 0.95% |
13,669,601
-415,168
| -3% | -$42.7M |
|
38
GE HealthCare
GEHC
$29.7B
| $1.41B | 0.94% |
17,305,424
+1,494,780
| +9% | +$119M |
|
|
39
Baker Hughes
BKR
$57.2B
| $1.39B | 0.93% |
43,880,654
+9,808,300
| +29% | +$286M |
|
40
Honda
HMC
$36.1B
| $1.34B | 0.89% |
44,228,775
-1,037,216
| -2% | -$29.3M |
|
41
Suncor Energy
SU
$72.3B
| $1.32B | 0.88% |
45,030,054
+174,200
| +0.4% | +$5.21M |
|
42
Fox Class A
FOXA
$23.5B
| $1.32B | 0.88% |
38,699,261
-1,357,917
| -3% | -$44.4M |
|
|
43
Meta Platforms (Facebook)
META
$1.67T
| $1.31B | 0.88% |
4,577,494
-2,668,363
| -37% | -$658M |
|
44
Cognizant
CTSH
$20.9B
| $1.28B | 0.86% |
19,640,747
-389,525
| -2% | -$24.1M |
|
45
Williams Companies
WMB
$91.1B
| $1.27B | 0.85% |
39,014,106
-213,148
| -0.5% | -$6.4M |
|
46
BioMarin Pharmaceuticals
BMRN
$11.4B
| $1.24B | 0.83% |
14,290,303
-39,010
| -0.3% | -$3.67M |
|
|
47
Alibaba
BABA
$269B
| $1.22B | 0.81% |
14,598,170
+1,964,358
| +16% | +$172M |
|
48
HP
HPQ
$22.7B
| $1.21B | 0.81% |
39,509,098
-12,109,907
| -23% | -$364M |
|
49
Bank of America
BAC
$422B
| $1.21B | 0.81% |
42,225,480
-949,556
| -2% | -$27.1M |
|
50
Incyte
INCY
$22.8B
| $1.2B | 0.8% |
19,277,960
-54,350
| -0.3% | -$3.63M |
|
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