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
|
$976M |
| 2 |
Baker Hughes
BKR
|
$310M |
| 3 |
Truist Financial
TFC
|
$303M |
| 4 |
CVS Health
CVS
|
$236M |
| 5 |
Alibaba
BABA
|
$164M |
Top Sells
| 1 |
GE Aerospace
GE
|
$1.12B |
| 2 |
Meta Platforms (Facebook)
META
|
$766M |
| 3 |
Molson Coors Class B
TAP
|
$656M |
| 4 |
FedEx
FDX
|
$504M |
| 5 |
Novartis
NVS
|
$394M |
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 |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Microchip Technology
MCHP
$35.1B
| $1.95B | 1.3% | 21,755,868 -1,143,518 | -5% | -$102M |
|
27
Goldman Sachs
GS
$226B
| $1.81B | 1.21% | 5,602,485 -137,820 | -2% | -$44.5M |
|
28
Regeneron Pharmaceuticals
REGN
$61.5B
| $1.72B | 1.15% | 2,394,355 +9,654 | +0.4% | +$6.94M |
|
29
UnitedHealth
UNH
$281B
| $1.66B | 1.11% | 3,446,770 -42,742 | -1% | -$20.5M |
|
|
30
Novartis
NVS
$245B
| $1.66B | 1.1% | 16,407,113 -3,905,567 | -19% | -$394M |
|
31
T-Mobile US
TMUS
$284B
| $1.6B | 1.07% | 11,506,948 +380,224 | +3% | +$52.8M |
|
32
State Street
STT
$32.6B
| $1.59B | 1.06% | 21,725,474 -105,513 | -0.5% | -$7.72M |
|
33
Fidelity National Information Services
FIS
$36.5B
| $1.52B | 1.01% | 27,772,475 +278,835 | +1% | +$15.3M |
|
34
LyondellBasell Industries
LYB
$18.1B
| $1.5B | 1% | 16,376,292 -68,950 | -0.4% | -$6.33M |
|
35
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.49B | 1% | 12,473,910 -367,420 | -3% | -$44M |
|
36
AB InBev
BUD
$122B
| $1.43B | 0.96% | 25,285,728 -16,625 | -0.1% | -$943K |
|
37
ConocoPhillips
COP
$124B
| $1.42B | 0.95% | 13,669,601 -415,168 | -3% | -$43M |
|
38
GE HealthCare
GEHC
$33.7B
| $1.41B | 0.94% | 17,305,424 +1,494,780 | +9% | +$121M |
|
|
39
Baker Hughes
BKR
$44.8B
| $1.39B | 0.93% | 43,880,654 +9,808,300 | +29% | +$310M |
|
40
Honda
HMC
$44.4B
| $1.34B | 0.89% | 44,228,775 -1,037,216 | -2% | -$31.4M |
|
41
Suncor Energy
SU
$50.1B
| $1.32B | 0.88% | 45,030,054 +174,200 | +0.4% | +$5.11M |
|
42
Fox Class A
FOXA
$26.6B
| $1.32B | 0.88% | 38,699,261 -1,357,917 | -3% | -$46.2M |
|
|
43
Meta Platforms (Facebook)
META
$1.86T
| $1.31B | 0.88% | 4,577,494 -2,668,363 | -37% | -$766M |
|
44
Cognizant
CTSH
$35.3B
| $1.28B | 0.86% | 19,640,747 -389,525 | -2% | -$25.4M |
|
45
Williams Companies
WMB
$70.7B
| $1.27B | 0.85% | 39,014,106 -213,148 | -0.5% | -$6.96M |
|
46
BioMarin Pharmaceuticals
BMRN
$11.2B
| $1.24B | 0.83% | 14,290,303 -39,010 | -0.3% | -$3.38M |
|
|
47
Alibaba
BABA
$322B
| $1.22B | 0.81% | 14,598,170 +1,964,358 | +16% | +$164M |
|
48
HP
HPQ
$26.7B
| $1.21B | 0.81% | 39,509,098 -12,109,907 | -23% | -$372M |
|
49
Bank of America
BAC
$376B
| $1.21B | 0.81% | 42,225,480 -949,556 | -2% | -$27.2M |
|
50
Incyte
INCY
$16.5B
| $1.2B | 0.8% | 19,277,960 -54,350 | -0.3% | -$3.38M |
|