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 |
|