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
|
+$1.41B |
| 2 |
SBA Communications
SBAC
|
+$1.29B |
| 3 |
Avantor
AVTR
|
+$691M |
| 4 |
Celanese
CE
|
+$655M |
| 5 |
Fortive
FTV
|
+$592M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.19B |
| 2 |
Truist Financial
TFC
|
+$1.15B |
| 3 |
Wells Fargo
WFC
|
+$1.13B |
| 4 |
Bank of America
BAC
|
+$974M |
| 5 |
Goldman Sachs
GS
|
+$842M |
Sector Composition
| 1 | Healthcare | 21.28% |
| 2 | Financials | 18.77% |
| 3 | Industrials | 12.45% |
| 4 | Technology | 12.31% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
GSK
GSK
$105B
| $2.31B | 1.35% |
68,440,912
+353,749
| +0.5% | +$12.7M |
|
27
TE Connectivity
TEL
$57.8B
| $2.28B | 1.33% |
15,965,609
-24,577
| -0.2% | -$3.66M |
|
|
28
Alphabet (Google) Class A
GOOGL
$4.3T
| $2.27B | 1.32% |
12,005,162
+16,345
| +0.1% | +$2.86M |
|
29
UBS Group
UBS
$170B
| $2.24B | 1.3% |
73,497,042
+125,600
| +0.2% | +$3.98M |
|
30
Meta Platforms (Facebook)
META
$1.67T
| $2.23B | 1.3% |
3,810,837
-1,877
| -0% | -$1.1M |
|
|
31
Goldman Sachs
GS
$309B
| $2.22B | 1.29% |
3,870,536
-1,509,556
| -28% | -$842M |
|
|
32
Avantor
AVTR
$7.21B
| $2.09B | 1.22% |
99,145,770
+30,727,673
| +45% | +$691M |
|
33
T-Mobile US
TMUS
$204B
| $2.07B | 1.21% |
9,382,681
-188,368
| -2% | -$42.8M |
|
34
UnitedHealth
UNH
$390B
| $2.07B | 1.21% |
4,093,228
+191,018
| +5% | +$109M |
|
35
Zimmer Biomet
ZBH
$18.2B
| $2.02B | 1.18% |
19,118,436
+2,044,645
| +12% | +$219M |
|
36
AB InBev
BUD
$153B
| $2B | 1.17% |
39,996,830
+8,670,940
| +28% | +$502M |
|
37
Williams Companies
WMB
$91.1B
| $1.97B | 1.14% |
36,348,514
-923,112
| -2% | -$49.7M |
|
38
Air Products & Chemicals
APD
$67.2B
| $1.93B | 1.12% |
6,663,154
+64,960
| +1% | +$20.4M |
|
39
Baker Hughes
BKR
$57.2B
| $1.87B | 1.09% |
45,658,130
-172,108
| -0.4% | -$6.94M |
|
40
Haleon
HLN
$43.4B
| $1.71B | 0.99% |
178,744,926
-427,457
| -0.2% | -$4.18M |
|
41
Regeneron Pharmaceuticals
REGN
$69.5B
| $1.65B | 0.96% |
2,321,316
+9,381
| +0.4% | +$7.87M |
|
|
42
SBA Communications
SBAC
$19.8B
| $1.5B | 0.87% |
7,346,255
+5,722,740
| +352% | +$1.29B |
|
43
Baxter International
BAX
$11.7B
| $1.47B | 0.85% |
50,377,294
+5,779,100
| +13% | +$195M |
|
44
Cognizant
CTSH
$20.9B
| $1.41B | 0.82% |
18,330,397
-19,177
| -0.1% | -$1.5M |
|
45
Cisco
CSCO
$470B
| $1.41B | 0.82% |
23,738,670
-82,877
| -0.3% | -$4.73M |
|
|
46
Bank of America
BAC
$422B
| $1.37B | 0.79% |
31,060,084
-22,147,719
| -42% | -$974M |
|
47
GE HealthCare
GEHC
$29.7B
| $1.3B | 0.76% |
16,675,508
+11,867
| +0.1% | +$1.01M |
|
48
LyondellBasell Industries
LYB
$18.8B
| $1.26B | 0.73% |
16,965,832
+851,365
| +5% | +$71.6M |
|
49
Alibaba
BABA
$269B
| $1.23B | 0.71% |
14,469,770
-3,616,800
| -20% | -$342M |
|
50
Dominion Energy
D
$62.3B
| $1.22B | 0.71% |
22,623,133
-64,740
| -0.3% | -$3.69M |
|
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