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 |
Air Products & Chemicals
APD
|
$1.96B |
| 2 |
Baxter International
BAX
|
$648M |
| 3 |
SBA Communications
SBAC
|
$391M |
| 4 |
Charles Schwab
SCHW
|
$246M |
| 5 |
Humana
HUM
|
$198M |
Top Sells
| 1 |
Truist Financial
TFC
|
$1.11B |
| 2 |
JNPR
Juniper Networks
JNPR
|
$807M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$757M |
| 4 |
Bank of New York Mellon
BK
|
$449M |
| 5 |
State Street
STT
|
$306M |
Sector Composition
| 1 | Healthcare | 22.27% |
| 2 | Financials | 19.03% |
| 3 | Industrials | 12.6% |
| 4 | Technology | 12% |
| 5 | Communication Services | 11.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Goldman Sachs
GS
$226B
| $2.66B | 1.51% | 5,380,092 -43,440 | -0.8% | -$21.5M |
|
27
Regeneron Pharmaceuticals
REGN
$61.5B
| $2.43B | 1.37% | 2,311,935 -3,751 | -0.2% | -$3.94M |
|
28
TE Connectivity
TEL
$61B
| $2.41B | 1.37% | 15,990,186 +223,265 | +1% | +$33.7M |
|
29
UnitedHealth
UNH
$281B
| $2.28B | 1.29% | 3,902,210 -19,235 | -0.5% | -$11.2M |
|
30
UBS Group
UBS
$128B
| $2.26B | 1.28% | 73,371,442 -70,800 | -0.1% | -$2.18M |
|
31
Meta Platforms (Facebook)
META
$1.86T
| $2.18B | 1.23% | 3,812,714 -16,381 | -0.4% | -$9.38M |
|
32
Bank of America
BAC
$376B
| $2.11B | 1.19% | 53,207,803 -7,408,350 | -12% | -$294M |
|
33
AB InBev
BUD
$122B
| $2.08B | 1.17% | 31,325,890 -144,995 | -0.5% | -$9.61M |
|
|
34
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.99B | 1.12% | 11,988,817 -213,855 | -2% | -$35.5M |
|
35
T-Mobile US
TMUS
$284B
| $1.98B | 1.12% | 9,571,049 -256,840 | -3% | -$53M |
|
|
36
Air Products & Chemicals
APD
$65.5B
| $1.96B | 1.11% | 6,598,194 +6,595,294 | +227,424% | +$1.96B |
|
37
Alibaba
BABA
$322B
| $1.92B | 1.09% | 18,086,570 +52,500 | +0.3% | +$5.57M |
|
38
Haleon
HLN
$43.9B
| $1.9B | 1.07% | 179,172,383 -998,252 | -0.6% | -$10.6M |
|
39
Zimmer Biomet
ZBH
$21B
| $1.84B | 1.04% | 17,073,791 +328,161 | +2% | +$35.4M |
|
40
Avantor
AVTR
$9.18B
| $1.77B | 1% | 68,418,097 +3,053,907 | +5% | +$79M |
|
41
Williams Companies
WMB
$70.7B
| $1.7B | 0.96% | 37,271,626 -275,925 | -0.7% | -$12.6M |
|
|
42
Baxter International
BAX
$12.7B
| $1.69B | 0.96% | 44,598,194 +17,075,449 | +62% | +$648M |
|
43
Baker Hughes
BKR
$44.8B
| $1.66B | 0.94% | 45,830,238 -228,650 | -0.5% | -$8.27M |
|
44
GE HealthCare
GEHC
$33.7B
| $1.56B | 0.88% | 16,663,641 -49,509 | -0.3% | -$4.65M |
|
|
45
Humana
HUM
$36.5B
| $1.56B | 0.88% | 4,933,995 +625,459 | +15% | +$198M |
|
46
LyondellBasell Industries
LYB
$18.1B
| $1.55B | 0.87% | 16,114,467 -44,400 | -0.3% | -$4.26M |
|
47
Cognizant
CTSH
$35.3B
| $1.42B | 0.8% | 18,349,574 -109,150 | -0.6% | -$8.42M |
|
48
Novartis
NVS
$245B
| $1.41B | 0.8% | 12,221,876 -14,650 | -0.1% | -$1.69M |
|
49
Dominion Energy
D
$51.1B
| $1.31B | 0.74% | 22,687,873 -124,575 | -0.5% | -$7.2M |
|
50
Cisco
CSCO
$274B
| $1.27B | 0.72% | 23,821,547 -90,550 | -0.4% | -$4.82M |
|