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 |
Sanofi
SNY
|
$1.44B |
| 2 |
ConocoPhillips
COP
|
$1.27B |
| 3 |
Fiserv
FI
|
$958M |
| 4 |
GSK
GSK
|
$893M |
| 5 |
Alibaba
BABA
|
$629M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
$1.67B |
| 2 |
Bank of America
BAC
|
$1.16B |
| 3 |
CXO
CONCHO RESOURCES INC.
CXO
|
$1.05B |
| 4 |
Capital One
COF
|
$960M |
| 5 |
HP
HPQ
|
$775M |
Sector Composition
| 1 | Financials | 26.36% |
| 2 | Technology | 18.58% |
| 3 | Healthcare | 14.71% |
| 4 | Communication Services | 14.08% |
| 5 | Energy | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
HES
51
DELISTED
Hess
HES
| $913M | 0.65% | 12,897,109 -4,307,480 | -25% | -$305M |
|
52
BioMarin Pharmaceuticals
BMRN
$11.2B
| $895M | 0.64% | 11,854,308 +2,057,384 | +21% | +$155M |
|
53
APA Corp
APA
$8.31B
| $796M | 0.57% | 44,496,451 -7,698,425 | -15% | -$138M |
|
54
Nutrien
NTR
$28B
| $753M | 0.54% | 13,972,214 -902,400 | -6% | -$48.6M |
|
|
GAP
55
The Gap, Inc.
GAP
$8.21B
| $724M | 0.52% | 24,299,762 -1,013,265 | -4% | -$30.2M |
|
56
Ovintiv
OVV
$10.8B
| $673M | 0.48% | 28,263,849 -4,588,048 | -14% | -$109M |
|
57
Baidu
BIDU
$32.8B
| $629M | 0.45% | 2,891,692 -846,929 | -23% | -$184M |
|
|
QVCGA
58
QVC Group, Inc. Series A Common Stock
QVCGA
$69.2M
| $625M | 0.45% | 53,169,984 -6,173,056 | -10% | -$72.6M |
|
59
Medtronic
MDT
$119B
| $620M | 0.44% | 5,248,281 -203,310 | -4% | -$24M |
|
60
Alnylam Pharmaceuticals
ALNY
$58.5B
| $610M | 0.44% | 4,321,627 -318,286 | -7% | -$44.9M |
|
61
Televisa
TV
$1.49B
| $571M | 0.41% | 64,447,420 -500,000 | -0.8% | -$4.43M |
|
62
Aegon
AEG
$12.3B
| $525M | 0.38% | 110,939,315 -6,493,569 | -6% | -$30.7M |
|
63
Halliburton
HAL
$19.4B
| $488M | 0.35% | 22,745,837 -6,592,835 | -22% | -$141M |
|
64
JD.com
JD
$44.1B
| $470M | 0.34% | 5,567,877 +22,000 | +0.4% | +$1.86M |
|
65
Credicorp
BAP
$20.4B
| $455M | 0.33% | 3,330,396 +823,300 | +33% | +$112M |
|
66
Liberty Global Class C
LBTYK
$4.07B
| $454M | 0.32% | 17,783,768 | – | – |
|
67
TC Energy
TRP
$54.1B
| $451M | 0.32% | 9,859,000 +966,127 | +11% | +$44.2M |
|
68
Otis Worldwide
OTIS
$33.9B
| $442M | 0.32% | 6,457,036 -221,217 | -3% | -$15.1M |
|
69
Brighthouse Financial
BHF
$2.7B
| $433M | 0.31% | 9,783,363 -124,598 | -1% | -$5.51M |
|
70
Fox Class B
FOX
$24.3B
| $397M | 0.28% | 11,379,856 +1,113,408 | +11% | +$38.9M |
|
71
Linde
LIN
$224B
| $365M | 0.26% | 1,302,090 -80,000 | -6% | -$22.4M |
|
72
Lincoln National
LNC
$8.14B
| $354M | 0.25% | 5,680,907 -152,300 | -3% | -$9.48M |
|
73
Incyte
INCY
$16.5B
| $351M | 0.25% | 4,317,392 +1,064,862 | +33% | +$86.5M |
|
74
Honda
HMC
$44.4B
| $348M | 0.25% | +11,515,024 | New | +$348M |
|
75
News Corp Class A
NWSA
$16.6B
| $328M | 0.23% | 12,909,932 -657,078 | -5% | -$16.7M |
|