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
| Rank | Stock | Value |
|---|---|---|
| 1 |
HP
HPQ
|
+$3.66B |
| 2 |
Novartis
NVS
|
+$3.42B |
| 3 |
GSK
GSK
|
+$3.14B |
| 4 |
SLB Ltd
SLB
|
+$2.94B |
| 5 |
Wells Fargo
WFC
|
+$2.89B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.04% |
| 2 | Technology | 19.2% |
| 3 | Healthcare | 18.06% |
| 4 | Communication Services | 16.19% |
| 5 | Energy | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Televisa
TV
$1.47B
| $528M | 0.63% |
+21,249,392
| New | +$542M |
|
52
Medtronic
MDT
$105B
| $507M | 0.6% |
+9,853,693
| New | +$487M |
|
53
HSBC
HSBC
$349B
| $496M | 0.59% |
+11,094,326
| New | +$519M |
|
|
WFT
54
DELISTED
Weatherford International plc
WFT
| $493M | 0.59% |
+35,976,902
| New | +$477M |
|
|
DISH
55
DELISTED
DISH Network Corp.
DISH
| $491M | 0.58% |
+11,544,814
| New | +$450M |
|
|
CSC
56
DELISTED
Computer Sciences
CSC
| $476M | 0.57% |
+25,790,694
| New | +$497M |
|
|
MOLXA
57
DELISTED
MOLEX INC CL-A
MOLXA
| $454M | 0.54% |
+18,245,648
| New | +$454M |
|
58
Philips
PHG
$25.3B
| $450M | 0.54% |
+23,907,401
| New | +$471M |
|
|
MHFI
59
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $442M | 0.53% |
+8,310,865
| New | +$446M |
|
60
Baidu
BIDU
$36.5B
| $432M | 0.51% |
+4,567,841
| New | +$421M |
|
61
Unilever
UL
$130B
| $420M | 0.5% |
+9,227,516
| New | +$438M |
|
62
Genworth Financial
GNW
$3.8B
| $401M | 0.48% |
+35,177,497
| New | +$366M |
|
63
Cigna
CI
$75.7B
| $399M | 0.47% |
+5,509,737
| New | +$371M |
|
64
Tapestry
TPR
$28.1B
| $385M | 0.46% |
+6,736,200
| New | +$379M |
|
65
Vulcan Materials
VMC
$35.7B
| $379M | 0.45% |
+7,831,584
| New | +$402M |
|
66
CarMax
KMX
$8.29B
| $364M | 0.43% |
+7,878,218
| New | +$358M |
|
|
PC
67
DELISTED
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
| $347M | 0.41% |
+42,934,518
| New | +$296M |
|
|
AOL
68
DELISTED
AOL INC COMMON STOCK
AOL
| $339M | 0.4% |
+9,305,804
| New | +$347M |
|
|
MXIM
69
DELISTED
Maxim Integrated Products
MXIM
| $321M | 0.38% |
+11,542,499
| New | +$350M |
|
70
Cadence Design Systems
CDNS
$91.1B
| $286M | 0.34% |
+19,768,525
| New | +$278M |
|
71
Honda
HMC
$36.3B
| $252M | 0.3% |
+6,767,200
| New | +$263M |
|
72
Liberty Global Class C
LBTYK
$3.37B
| $244M | 0.29% |
+8,901,550
| New | +$249M |
|
|
CPWR
73
DELISTED
COMPUWARE CORP
CPWR
| $234M | 0.28% |
+23,567,699
| New | +$257M |
|
74
Liberty Global Class A
LBTYA
$3.48B
| $185M | 0.22% |
+6,057,260
| New | +$185M |
|
75
NVR
NVR
$16.6B
| $108M | 0.13% |
+116,615
| New | +$116M |
|
Similar funds
Dodge & Cox's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Dodge & Cox, which disclosed 166 positions worth $84.2B. Its ten largest holdings account for 35% of the portfolio.
Its largest position is HP: 358,933,379 shares worth $4.04B.
By sector, the portfolio is most concentrated in Financials at 21% of assets, followed by Technology and Healthcare.
- Dodge & Cox's largest Q2 2013 buy was HP: 358,933,379 shares worth $4.04B.
- Dodge & Cox's ten largest holdings make up 35% of its $84.2B portfolio in Q2 2013.
- Dodge & Cox disclosed 166 positions in Q2 2013, its first 13F filing on record.
Based on Dodge & Cox's 13F filing for Q2 2013, filed 13 Aug 2013.