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 |
NOV
NOV
|
+$997M |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$448M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$409M |
| 4 |
JPMorgan Chase
JPM
|
+$313M |
| 5 |
APA Corp
APA
|
+$237M |
Top Sells
| 1 |
Merck
MRK
|
+$480M |
| 2 |
Xerox
XRX
|
+$476M |
| 3 |
Vodafone
VOD
|
+$356M |
| 4 |
BHI
Baker Hughes
BHI
|
+$315M |
| 5 |
FRX
FOREST LABORATORIES INC
FRX
|
+$303M |
Sector Composition
| 1 | Financials | 21.58% |
| 2 | Technology | 20.37% |
| 3 | Healthcare | 18.65% |
| 4 | Communication Services | 13.43% |
| 5 | Energy | 11.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Petrobras Class A
PBR.A
$102B
| $657M | 0.67% |
47,399,800
+1,812,000
| +4% | +$22.3M |
|
|
MXIM
52
DELISTED
Maxim Integrated Products
MXIM
| $643M | 0.66% |
19,427,080
+4,047,356
| +26% | +$124M |
|
53
Boston Scientific
BSX
$66.4B
| $611M | 0.63% |
45,224,168
-714,300
| -2% | -$9.38M |
|
|
MHFI
54
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $573M | 0.59% |
7,505,965
-297,767
| -4% | -$23.3M |
|
55
Medtronic
MDT
$107B
| $553M | 0.57% |
8,982,143
-37,833
| -0.4% | -$2.2M |
|
56
Baidu
BIDU
$38.6B
| $520M | 0.53% |
3,412,487
-304,700
| -8% | -$51M |
|
|
EMC
57
DELISTED
EMC CORPORATION
EMC
| $519M | 0.53% |
18,918,850
+15,723,870
| +492% | +$409M |
|
58
Philips
PHG
$26.6B
| $489M | 0.5% |
20,084,021
-1,248,191
| -6% | -$30.6M |
|
59
HSBC
HSBC
$336B
| $487M | 0.5% |
11,110,201
+23,353
| +0.2% | +$1.06M |
|
60
Adobe
ADBE
$91.7B
| $462M | 0.47% |
7,026,721
-3,551,483
| -34% | -$228M |
|
61
Vulcan Materials
VMC
$38B
| $459M | 0.47% |
6,905,925
-118,834
| -2% | -$7.59M |
|
62
Cigna
CI
$80.6B
| $450M | 0.46% |
5,371,387
+74,167
| +1% | +$6.11M |
|
|
CSC
63
DELISTED
Computer Sciences
CSC
| $425M | 0.43% |
16,577,337
-7,088,046
| -30% | -$178M |
|
64
Unilever
UL
$132B
| $422M | 0.43% |
8,772,828
+46,104
| +0.5% | +$2.08M |
|
|
AOL
65
DELISTED
AOL INC COMMON STOCK
AOL
| $414M | 0.42% |
9,457,234
-133,602
| -1% | -$6.04M |
|
66
Liberty Global Class C
LBTYK
$3.56B
| $393M | 0.4% |
11,944,083
+3,066,019
| +35% | +$102M |
|
|
S
67
DELISTED
Sprint Corporation
S
| $377M | 0.39% |
40,984,193
-22,088,469
| -35% | -$194M |
|
|
FRX
68
DELISTED
FOREST LABORATORIES INC
FRX
| $359M | 0.37% |
3,888,618
-3,759,219
| -49% | -$303M |
|
69
CarMax
KMX
$7.79B
| $357M | 0.37% |
7,638,210
-16,817
| -0.2% | -$785K |
|
70
Cadence Design Systems
CDNS
$104B
| $299M | 0.31% |
19,260,875
-98,867
| -0.5% | -$1.47M |
|
71
Honda
HMC
$36.1B
| $239M | 0.24% |
6,759,200
-5,600
| -0.1% | -$209K |
|
72
News Corp Class A
NWSA
$15B
| $190M | 0.19% |
11,017,292
-7,675
| -0.1% | -$133K |
|
|
73
Vodafone
VOD
$35.6B
| $176M | 0.18% |
4,772,079
-9,245,185
| -66% | -$356M |
|
74
NVR
NVR
$17.4B
| $134M | 0.14% |
117,015
+250
| +0.2% | +$281K |
|
75
Liberty Global Class A
LBTYA
$3.69B
| $104M | 0.11% |
3,021,961
-3,023,417
| -50% | -$106M |
|
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