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 |
Union Pacific
UNP
|
$952M |
| 2 |
JD.com
JD
|
$584M |
| 3 |
American Express
AXP
|
$566M |
| 4 |
Goldman Sachs
GS
|
$422M |
| 5 |
AstraZeneca
AZN
|
$402M |
Top Sells
| 1 |
Microsoft
MSFT
|
$753M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$486M |
| 3 |
TE Connectivity
TEL
|
$396M |
| 4 |
Cadence Design Systems
CDNS
|
$306M |
| 5 |
Gen Digital
GEN
|
$252M |
Sector Composition
| 1 | Financials | 22.14% |
| 2 | Technology | 21.47% |
| 3 | Communication Services | 17.25% |
| 4 | Healthcare | 14.29% |
| 5 | Energy | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Danaher
DHR
$147B
| $699M | 0.68% | 7,366,508 -53,300 | -0.7% | -$5.06M |
|
52
Tapestry
TPR
$21.2B
| $695M | 0.68% | 17,326,480 -45,081 | -0.3% | -$1.81M |
|
|
DISH
53
DELISTED
DISH Network Corp.
DISH
| $653M | 0.64% | 14,120,430 +2,707,650 | +24% | +$125M |
|
|
S
54
DELISTED
Sprint Corporation
S
| $644M | 0.63% | 185,186,573 -526,944 | -0.3% | -$1.83M |
|
|
WFT
55
DELISTED
Weatherford International plc
WFT
| $630M | 0.62% | 81,021,617 +6,695,940 | +9% | +$52.1M |
|
56
Aegon
AEG
$12.3B
| $591M | 0.58% | 107,500,525 +107,410 | +0.1% | +$591K |
|
57
Liberty Global Class A
LBTYA
$4B
| $585M | 0.57% | 15,194,305 +3,559,900 | +31% | +$137M |
|
|
CXO
58
DELISTED
CONCHO RESOURCES INC.
CXO
| $573M | 0.56% | 5,668,500 +767,650 | +16% | +$77.6M |
|
|
RDS.A
59
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $535M | 0.52% | 11,036,805 +634,823 | +6% | +$30.8M |
|
|
QVCGA
60
QVC Group, Inc. Series A Common Stock
QVCGA
$69.2M
| $528M | 0.52% | 20,903,398 -96,875 | -0.5% | -$2.45M |
|
61
Medtronic
MDT
$119B
| $513M | 0.5% | 6,838,035 -29,900 | -0.4% | -$2.24M |
|
|
VMW
62
DELISTED
VMware, Inc
VMW
| $479M | 0.47% | 9,164,491 +6,363,556 | +227% | +$333M |
|
63
Harley-Davidson
HOG
$3.54B
| $479M | 0.47% | 9,327,733 +1,614,713 | +21% | +$82.9M |
|
64
Elevance Health
ELV
$71.8B
| $470M | 0.46% | 3,382,350 +408,901 | +14% | +$56.8M |
|
65
Teck Resources
TECK
$16.7B
| $442M | 0.43% | 58,085,503 +501,242 | +0.9% | +$3.81M |
|
|
TFCF
66
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $401M | 0.39% | 14,227,300 +219,900 | +2% | +$6.2M |
|
|
67
Alphabet (Google) Class A
GOOGL
$2.57T
| $353M | 0.35% | 462,656 -637,060 | -58% | -$486M |
|
68
Cemex
CX
$13.2B
| $343M | 0.34% | 47,104,125 +3,936,990 | +9% | +$28.7M |
|
|
AGU
69
DELISTED
Agrium
AGU
| $245M | 0.24% | 2,772,183 +689,800 | +33% | +$60.9M |
|
70
Honda
HMC
$44.4B
| $157M | 0.15% | 5,749,300 | – | – |
|
71
News Corp Class A
NWSA
$16.6B
| $106M | 0.1% | 8,318,002 +347,225 | +4% | +$4.43M |
|
72
Thermo Fisher Scientific
TMO
$186B
| $78M | 0.08% | 550,892 -21,000 | -4% | -$2.97M |
|
73
GE Aerospace
GE
$292B
| $58.3M | 0.06% | 1,834,354 -239,793 | -12% | -$7.62M |
|
74
Chevron
CVX
$324B
| $51.7M | 0.05% | 541,784 -45,353 | -8% | -$4.33M |
|
|
JNPR
75
DELISTED
Juniper Networks
JNPR
| $48.3M | 0.05% | 1,894,839 -3,514,497 | -65% | -$89.7M |
|