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 |
International Flavors & Fragrances
IFF
|
$1.25B |
| 2 |
Avantor
AVTR
|
$1.09B |
| 3 |
RTX Corp
RTX
|
$813M |
| 4 |
Zimmer Biomet
ZBH
|
$809M |
| 5 |
Baxter International
BAX
|
$678M |
Top Sells
| 1 |
VMW
VMware, Inc
VMW
|
$3.29B |
| 2 |
UBS Group
UBS
|
$1.38B |
| 3 |
Dell
DELL
|
$821M |
| 4 |
GE Aerospace
GE
|
$697M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$582M |
Sector Composition
| 1 | Financials | 22.64% |
| 2 | Healthcare | 20.84% |
| 3 | Technology | 13.51% |
| 4 | Communication Services | 11.87% |
| 5 | Industrials | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
GE Aerospace
GE
$292B
| $2.15B | 1.36% | 16,818,881 -5,464,700 | -25% | -$697M |
|
27
Goldman Sachs
GS
$226B
| $2.11B | 1.34% | 5,482,267 -58,990 | -1% | -$22.8M |
|
28
Regeneron Pharmaceuticals
REGN
$61.5B
| $2.08B | 1.32% | 2,367,680 -5,318 | -0.2% | -$4.67M |
|
29
AB InBev
BUD
$122B
| $2.05B | 1.3% | 31,717,238 -127,300 | -0.4% | -$8.23M |
|
30
Truist Financial
TFC
$60.4B
| $1.96B | 1.25% | 53,173,840 +121,890 | +0.2% | +$4.5M |
|
31
Norfolk Southern
NSC
$62.8B
| $1.95B | 1.24% | 8,233,372 +1,810,658 | +28% | +$428M |
|
32
T-Mobile US
TMUS
$284B
| $1.82B | 1.15% | 11,329,368 -35,340 | -0.3% | -$5.67M |
|
33
UnitedHealth
UNH
$281B
| $1.79B | 1.14% | 3,406,192 -40,998 | -1% | -$21.6M |
|
|
34
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.71B | 1.08% | 12,223,160 -204,875 | -2% | -$28.6M |
|
35
State Street
STT
$32.6B
| $1.58B | 1% | 20,414,894 -226,375 | -1% | -$17.5M |
|
36
Meta Platforms (Facebook)
META
$1.86T
| $1.55B | 0.98% | 4,377,358 -49,255 | -1% | -$17.4M |
|
37
LyondellBasell Industries
LYB
$18.1B
| $1.54B | 0.98% | 16,210,777 -8,715 | -0.1% | -$829K |
|
38
Microchip Technology
MCHP
$35.1B
| $1.48B | 0.94% | 16,449,259 -854,625 | -5% | -$77.1M |
|
39
Baker Hughes
BKR
$44.8B
| $1.44B | 0.92% | 42,193,724 -442,050 | -1% | -$15.1M |
|
40
Suncor Energy
SU
$50.1B
| $1.4B | 0.89% | 43,816,554 -1,062,900 | -2% | -$34.1M |
|
41
Cognizant
CTSH
$35.3B
| $1.4B | 0.89% | 18,572,637 -894,060 | -5% | -$67.5M |
|
|
42
Avantor
AVTR
$9.18B
| $1.4B | 0.89% | 61,196,331 +47,904,427 | +360% | +$1.09B |
|
|
43
Zimmer Biomet
ZBH
$21B
| $1.4B | 0.89% | 11,474,535 +6,647,810 | +138% | +$809M |
|
44
ConocoPhillips
COP
$124B
| $1.37B | 0.87% | 11,764,273 -1,666,586 | -12% | -$193M |
|
45
BioMarin Pharmaceuticals
BMRN
$11.2B
| $1.35B | 0.86% | 13,994,063 -159,440 | -1% | -$15.4M |
|
46
Alibaba
BABA
$322B
| $1.33B | 0.85% | 17,194,570 +1,103,100 | +7% | +$85.5M |
|
47
Novartis
NVS
$245B
| $1.33B | 0.84% | 13,165,538 -3,098,683 | -19% | -$313M |
|
48
Williams Companies
WMB
$70.7B
| $1.32B | 0.84% | 37,924,018 -419,039 | -1% | -$14.6M |
|
49
GE HealthCare
GEHC
$33.7B
| $1.31B | 0.83% | 16,979,428 -153,564 | -0.9% | -$11.9M |
|
50
Elanco Animal Health
ELAN
$9.12B
| $1.25B | 0.79% | 83,980,900 -222,400 | -0.3% | -$3.31M |
|