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 |
State Street
STT
|
$840M |
| 2 |
HP
HPQ
|
$618M |
| 3 |
Dell
DELL
|
$554M |
| 4 |
Bank of America
BAC
|
$463M |
| 5 |
Cisco
CSCO
|
$448M |
Top Sells
| 1 |
Charter Communications
CHTR
|
$1.17B |
| 2 |
Eli Lilly
LLY
|
$1.08B |
| 3 |
Microsoft
MSFT
|
$877M |
| 4 |
Bristol-Myers Squibb
BMY
|
$780M |
| 5 |
Sanofi
SNY
|
$472M |
Sector Composition
| 1 | Financials | 24.47% |
| 2 | Healthcare | 19.44% |
| 3 | Technology | 17.53% |
| 4 | Communication Services | 13.51% |
| 5 | Industrials | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Alibaba
BABA
$322B
| $608M | 0.66% | 3,126,100 +204,600 | +7% | +$39.8M |
|
52
Alnylam Pharmaceuticals
ALNY
$58.5B
| $554M | 0.6% | 5,093,346 -157,975 | -3% | -$17.2M |
|
53
JD.com
JD
$44.1B
| $523M | 0.57% | 12,916,877 -7,968,600 | -38% | -$323M |
|
54
Liberty Global Class C
LBTYK
$4.07B
| $519M | 0.56% | 33,033,368 -110,800 | -0.3% | -$1.74M |
|
55
Medtronic
MDT
$119B
| $504M | 0.55% | 5,593,371 +43,432 | +0.8% | +$3.92M |
|
|
MXIM
56
DELISTED
Maxim Integrated Products
MXIM
| $415M | 0.45% | 8,530,542 -308,051 | -3% | -$15M |
|
57
Televisa
TV
$1.49B
| $395M | 0.43% | 68,146,520 +1,294,000 | +2% | +$7.51M |
|
|
QVCGA
58
QVC Group, Inc. Series A Common Stock
QVCGA
$69.2M
| $383M | 0.41% | 62,730,384 +45,100 | +0.1% | +$275K |
|
59
Halliburton
HAL
$19.4B
| $335M | 0.36% | 48,884,929 +3,593,334 | +8% | +$24.6M |
|
60
Nutrien
NTR
$28B
| $335M | 0.36% | 9,856,359 +1,783,951 | +22% | +$60.5M |
|
61
BioMarin Pharmaceuticals
BMRN
$11.2B
| $333M | 0.36% | 3,942,508 -447,007 | -10% | -$37.8M |
|
62
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.5B
| $300M | 0.32% | +2,431,480 | New | +$300M |
|
63
Incyte
INCY
$16.5B
| $292M | 0.32% | 3,992,600 +233,850 | +6% | +$17.1M |
|
64
Aegon
AEG
$12.3B
| $285M | 0.31% | 114,406,917 +215,210 | +0.2% | +$536K |
|
65
Liberty Global Class A
LBTYA
$4B
| $263M | 0.28% | 15,939,773 -1,521,130 | -9% | -$25.1M |
|
66
NOV
NOV
$4.94B
| $256M | 0.28% | 26,003,342 +3,226,475 | +14% | +$31.7M |
|
67
Brighthouse Financial
BHF
$2.7B
| $242M | 0.26% | 10,014,013 +19,878 | +0.2% | +$480K |
|
68
APA Corp
APA
$8.31B
| $229M | 0.25% | 54,741,657 -347,706 | -0.6% | -$1.45M |
|
69
Cemex
CX
$13.2B
| $225M | 0.24% | 105,997,890 -16,594,200 | -14% | -$35.2M |
|
70
Mattel
MAT
$5.9B
| $207M | 0.22% | 23,472,365 -15,459,943 | -40% | -$136M |
|
|
GAP
71
The Gap, Inc.
GAP
$8.21B
| $202M | 0.22% | 28,659,926 +210,700 | +0.7% | +$1.48M |
|
72
Harley-Davidson
HOG
$3.54B
| $191M | 0.21% | 10,068,831 +56,395 | +0.6% | +$1.07M |
|
73
Alphabet (Google) Class A
GOOGL
$2.57T
| $180M | 0.19% | 154,980 +12,775 | +9% | +$14.8M |
|
|
MFGP
74
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $180M | 0.19% | 35,502,919 +827,971 | +2% | +$4.2M |
|
75
Fox Class B
FOX
$24.3B
| $142M | 0.15% | 6,187,517 +206,519 | +3% | +$4.73M |
|