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 |
Humana
HUM
|
$1.61B |
| 2 |
CVS Health
CVS
|
$1.22B |
| 3 |
Norfolk Southern
NSC
|
$573M |
| 4 |
Johnson Controls International
JCI
|
$355M |
| 5 |
Coupang
CPNG
|
$254M |
Top Sells
| 1 |
Cigna
CI
|
$1.41B |
| 2 |
Wells Fargo
WFC
|
$1.36B |
| 3 |
Hewlett Packard
HPE
|
$1.01B |
| 4 |
Microchip Technology
MCHP
|
$738M |
| 5 |
Capital One
COF
|
$615M |
Sector Composition
| 1 | Healthcare | 21.14% |
| 2 | Financials | 20.84% |
| 3 | Technology | 12.56% |
| 4 | Communication Services | 12.34% |
| 5 | Industrials | 11.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
TE Connectivity
TEL
$61B
| $2.37B | 1.42% | 15,766,921 -47,602 | -0.3% | -$7.16M |
|
|
27
Norfolk Southern
NSC
$62.8B
| $2.32B | 1.39% | 10,794,867 +2,669,800 | +33% | +$573M |
|
28
GE Aerospace
GE
$292B
| $2.28B | 1.37% | 14,312,511 -1,827,310 | -11% | -$290M |
|
29
Gilead Sciences
GILD
$140B
| $2.27B | 1.36% | 33,122,337 -45,150 | -0.1% | -$3.1M |
|
30
Alphabet (Google) Class A
GOOGL
$2.57T
| $2.22B | 1.33% | 12,202,672 -48,246 | -0.4% | -$8.79M |
|
31
UBS Group
UBS
$128B
| $2.16B | 1.29% | 73,442,242 -1,980,700 | -3% | -$58.1M |
|
32
Truist Financial
TFC
$60.4B
| $2.01B | 1.2% | 51,665,856 -275,354 | -0.5% | -$10.7M |
|
33
UnitedHealth
UNH
$281B
| $2B | 1.2% | 3,921,445 -24,560 | -0.6% | -$12.5M |
|
34
Meta Platforms (Facebook)
META
$1.86T
| $1.93B | 1.16% | 3,829,095 -2,849 | -0.1% | -$1.44M |
|
35
AB InBev
BUD
$122B
| $1.83B | 1.1% | 31,470,885 -237,848 | -0.8% | -$13.8M |
|
36
Zimmer Biomet
ZBH
$21B
| $1.82B | 1.09% | 16,745,630 +326,360 | +2% | +$35.4M |
|
37
T-Mobile US
TMUS
$284B
| $1.73B | 1.04% | 9,827,889 -1,213,765 | -11% | -$214M |
|
38
Baker Hughes
BKR
$44.8B
| $1.62B | 0.97% | 46,058,888 -106,136 | -0.2% | -$3.73M |
|
|
39
Humana
HUM
$36.5B
| $1.61B | 0.97% | +4,308,536 | New | +$1.61B |
|
40
Williams Companies
WMB
$70.7B
| $1.6B | 0.96% | 37,547,551 -237,475 | -0.6% | -$10.1M |
|
41
LyondellBasell Industries
LYB
$18.1B
| $1.55B | 0.93% | 16,158,867 -68,885 | -0.4% | -$6.59M |
|
42
Haleon
HLN
$43.9B
| $1.49B | 0.89% | 180,170,635 +3,217,384 | +2% | +$26.6M |
|
43
Avantor
AVTR
$9.18B
| $1.39B | 0.83% | 65,364,190 +1,683,884 | +3% | +$35.7M |
|
44
ConocoPhillips
COP
$124B
| $1.31B | 0.79% | 11,475,600 -122,467 | -1% | -$14M |
|
45
Novartis
NVS
$245B
| $1.3B | 0.78% | 12,236,526 -117,459 | -1% | -$12.5M |
|
46
GE HealthCare
GEHC
$33.7B
| $1.3B | 0.78% | 16,713,150 -100,634 | -0.6% | -$7.84M |
|
47
Alibaba
BABA
$322B
| $1.3B | 0.78% | 18,034,070 -40,200 | -0.2% | -$2.89M |
|
48
Cognizant
CTSH
$35.3B
| $1.26B | 0.75% | 18,458,724 -39,775 | -0.2% | -$2.7M |
|
|
JNPR
49
DELISTED
Juniper Networks
JNPR
| $1.25B | 0.75% | 34,212,790 -46,725 | -0.1% | -$1.7M |
|
50
HP
HPQ
$26.7B
| $1.23B | 0.74% | 35,098,525 -252,086 | -0.7% | -$8.83M |
|