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
|
$1.02B |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
$449M |
| 3 |
EMC
EMC CORPORATION
EMC
|
$431M |
| 4 |
JPMorgan Chase
JPM
|
$329M |
| 5 |
Liberty Global Class C
LBTYK
|
$247M |
Top Sells
| 1 |
Merck
MRK
|
$502M |
| 2 |
Xerox
XRX
|
$484M |
| 3 |
Vodafone
VOD
|
$350M |
| 4 |
FRX
FOREST LABORATORIES INC
FRX
|
$347M |
| 5 |
BHI
Baker Hughes
BHI
|
$347M |
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 |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Petrobras Class A
PBR.A
$73.9B
| $657M | 0.67% | 47,399,800 +1,812,000 | +4% | +$25.1M |
|
|
MXIM
52
DELISTED
Maxim Integrated Products
MXIM
| $643M | 0.66% | 19,427,080 +4,047,356 | +26% | +$134M |
|
53
Boston Scientific
BSX
$156B
| $611M | 0.63% | 45,224,168 -714,300 | -2% | -$9.66M |
|
|
MHFI
54
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $573M | 0.59% | 7,505,965 -297,767 | -4% | -$22.7M |
|
55
Medtronic
MDT
$119B
| $553M | 0.57% | 8,982,143 -37,833 | -0.4% | -$2.33M |
|
56
Baidu
BIDU
$32.8B
| $520M | 0.53% | 3,412,487 -304,700 | -8% | -$46.4M |
|
|
EMC
57
DELISTED
EMC CORPORATION
EMC
| $519M | 0.53% | 18,918,850 +15,723,870 | +492% | +$431M |
|
58
Philips
PHG
$26.2B
| $489M | 0.5% | 13,918,811 -865,033 | -6% | -$30.4M |
|
59
HSBC
HSBC
$224B
| $487M | 0.5% | 9,573,110 +20,122 | +0.2% | +$1.02M |
|
60
Adobe
ADBE
$151B
| $462M | 0.47% | 7,026,721 -3,551,483 | -34% | -$233M |
|
61
Vulcan Materials
VMC
$38.5B
| $459M | 0.47% | 6,905,925 -118,834 | -2% | -$7.9M |
|
62
Cigna
CI
$80.3B
| $450M | 0.46% | 5,371,387 +74,167 | +1% | +$6.21M |
|
|
CSC
63
DELISTED
Computer Sciences
CSC
| $425M | 0.43% | 6,985,814 -2,986,956 | -30% | -$182M |
|
64
Unilever
UL
$155B
| $422M | 0.43% | 9,869,431 +51,867 | +0.5% | +$2.22M |
|
|
AOL
65
DELISTED
AOL INC COMMON STOCK
AOL
| $414M | 0.42% | 9,457,234 -133,602 | -1% | -$5.85M |
|
|
66
Liberty Global Class C
LBTYK
$4.07B
| $393M | 0.4% | 9,662,747 +6,071,576 | +169% | +$247M |
|
|
S
67
DELISTED
Sprint Corporation
S
| $377M | 0.39% | 40,984,193 -22,088,469 | -35% | -$203M |
|
|
FRX
68
DELISTED
FOREST LABORATORIES INC
FRX
| $359M | 0.37% | 3,888,618 -3,759,219 | -49% | -$347M |
|
69
CarMax
KMX
$9.21B
| $357M | 0.37% | 7,638,210 -16,817 | -0.2% | -$787K |
|
70
Cadence Design Systems
CDNS
$95.5B
| $299M | 0.31% | 19,260,875 -98,867 | -0.5% | -$1.54M |
|
71
Honda
HMC
$44.4B
| $239M | 0.24% | 6,759,200 -5,600 | -0.1% | -$198K |
|
72
News Corp Class A
NWSA
$16.6B
| $190M | 0.19% | 11,017,292 -7,675 | -0.1% | -$132K |
|
|
73
Vodafone
VOD
$28.8B
| $176M | 0.18% | 4,772,079 -9,516,671 | -67% | -$350M |
|
74
NVR
NVR
$22.4B
| $134M | 0.14% | 117,015 +250 | +0.2% | +$287K |
|
75
Liberty Global Class A
LBTYA
$4B
| $104M | 0.11% | 2,492,405 -600 | -0% | -$25K |
|