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 |
Fortive
FTV
|
$1.03B |
| 2 |
Air Products & Chemicals
APD
|
$618M |
| 3 |
Comcast
CMCSA
|
$558M |
| 4 |
Occidental Petroleum
OXY
|
$535M |
| 5 |
Sun Communities
SUI
|
$520M |
Top Sells
| 1 |
T-Mobile US
TMUS
|
$947M |
| 2 |
Wells Fargo
WFC
|
$921M |
| 3 |
Johnson Controls International
JCI
|
$765M |
| 4 |
Williams Companies
WMB
|
$603M |
| 5 |
Bank of America
BAC
|
$420M |
Sector Composition
| 1 | Healthcare | 23.44% |
| 2 | Financials | 17.56% |
| 3 | Industrials | 11.99% |
| 4 | Technology | 11.85% |
| 5 | Communication Services | 11.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Air Products & Chemicals
APD
$65.5B
| $2.58B | 1.47% | 8,759,722 +2,096,568 | +31% | +$618M |
|
27
AB InBev
BUD
$122B
| $2.53B | 1.44% | 41,116,138 +1,119,308 | +3% | +$68.9M |
|
28
Norfolk Southern
NSC
$62.8B
| $2.53B | 1.44% | 10,666,554 -22,655 | -0.2% | -$5.37M |
|
29
TE Connectivity
TEL
$61B
| $2.26B | 1.29% | 16,022,480 +56,871 | +0.4% | +$8.04M |
|
30
UBS Group
UBS
$128B
| $2.22B | 1.27% | 72,608,792 -888,250 | -1% | -$27.2M |
|
31
Zimmer Biomet
ZBH
$21B
| $2.21B | 1.26% | 19,564,454 +446,018 | +2% | +$50.5M |
|
32
UnitedHealth
UNH
$281B
| $2.11B | 1.2% | 4,020,368 -72,860 | -2% | -$38.2M |
|
33
Meta Platforms (Facebook)
META
$1.86T
| $2.03B | 1.16% | 3,524,514 -286,323 | -8% | -$165M |
|
34
Baker Hughes
BKR
$44.8B
| $1.96B | 1.12% | 44,655,095 -1,003,035 | -2% | -$44.1M |
|
35
SBA Communications
SBAC
$22B
| $1.87B | 1.06% | 8,485,264 +1,139,009 | +16% | +$251M |
|
36
Goldman Sachs
GS
$226B
| $1.83B | 1.04% | 3,351,539 -518,997 | -13% | -$284M |
|
37
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.79B | 1.02% | 11,595,682 -409,480 | -3% | -$63.3M |
|
38
Baxter International
BAX
$12.7B
| $1.76B | 1% | 51,458,925 +1,081,631 | +2% | +$37M |
|
|
39
Sun Communities
SUI
$15.9B
| $1.76B | 1% | 13,647,820 +4,041,802 | +42% | +$520M |
|
40
Haleon
HLN
$43.9B
| $1.74B | 0.99% | 169,150,936 -9,593,990 | -5% | -$98.7M |
|
41
Avantor
AVTR
$9.18B
| $1.63B | 0.93% | 100,262,723 +1,116,953 | +1% | +$18.1M |
|
|
42
Fortive
FTV
$16.2B
| $1.6B | 0.91% | 21,900,363 +14,120,456 | +181% | +$1.03B |
|
|
43
Williams Companies
WMB
$70.7B
| $1.57B | 0.89% | 26,259,123 -10,089,391 | -28% | -$603M |
|
|
44
T-Mobile US
TMUS
$284B
| $1.56B | 0.89% | 5,832,553 -3,550,128 | -38% | -$947M |
|
45
Alibaba
BABA
$322B
| $1.5B | 0.85% | 11,319,570 -3,150,200 | -22% | -$417M |
|
46
Regeneron Pharmaceuticals
REGN
$61.5B
| $1.47B | 0.84% | 2,324,085 +2,769 | +0.1% | +$1.76M |
|
47
Cognizant
CTSH
$35.3B
| $1.4B | 0.8% | 18,270,347 -60,050 | -0.3% | -$4.59M |
|
48
Cisco
CSCO
$274B
| $1.34B | 0.76% | 21,722,716 -2,015,954 | -8% | -$124M |
|
49
GE HealthCare
GEHC
$33.7B
| $1.34B | 0.76% | 16,585,509 -89,999 | -0.5% | -$7.26M |
|
50
Novartis
NVS
$245B
| $1.32B | 0.75% | 11,818,102 -396,563 | -3% | -$44.2M |
|