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 |
T-Mobile US
TMUS
|
$1.33B |
| 2 |
Honda
HMC
|
$964M |
| 3 |
Fiserv
FI
|
$919M |
| 4 |
Incyte
INCY
|
$781M |
| 5 |
Gilead Sciences
GILD
|
$723M |
Top Sells
| 1 |
Capital One
COF
|
$1.09B |
| 2 |
Hewlett Packard
HPE
|
$604M |
| 3 |
APA Corp
APA
|
$437M |
| 4 |
Johnson Controls International
JCI
|
$367M |
| 5 |
Goldman Sachs
GS
|
$296M |
Sector Composition
| 1 | Financials | 24.9% |
| 2 | Technology | 17.6% |
| 3 | Communication Services | 15.85% |
| 4 | Healthcare | 15.64% |
| 5 | Energy | 9.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Baker Hughes
BKR
$44.8B
| $1.17B | 0.76% | 51,108,706 -341,607 | -0.7% | -$7.81M |
|
|
VMW
52
DELISTED
VMware, Inc
VMW
| $1.15B | 0.75% | 7,180,825 +345,270 | +5% | +$55.2M |
|
|
53
Incyte
INCY
$16.5B
| $1.14B | 0.75% | 13,597,536 +9,280,144 | +215% | +$781M |
|
|
HES
54
DELISTED
Hess
HES
| $1.05B | 0.69% | 12,002,275 -894,834 | -7% | -$78.1M |
|
55
Nutrien
NTR
$28B
| $970M | 0.63% | 15,998,359 +2,026,145 | +15% | +$123M |
|
56
Baidu
BIDU
$32.8B
| $958M | 0.63% | 4,697,851 +1,806,159 | +62% | +$368M |
|
57
Alnylam Pharmaceuticals
ALNY
$58.5B
| $918M | 0.6% | 5,414,001 +1,092,374 | +25% | +$185M |
|
58
Televisa
TV
$1.49B
| $910M | 0.6% | 63,701,320 -746,100 | -1% | -$10.7M |
|
59
Truist Financial
TFC
$60.4B
| $817M | 0.53% | 14,718,439 -2,237,350 | -13% | -$124M |
|
|
GAP
60
The Gap, Inc.
GAP
$8.21B
| $790M | 0.52% | 23,470,862 -828,900 | -3% | -$27.9M |
|
61
Ovintiv
OVV
$10.8B
| $740M | 0.48% | 23,512,137 -4,751,712 | -17% | -$150M |
|
|
QVCGA
62
QVC Group, Inc. Series A Common Stock
QVCGA
$69.2M
| $682M | 0.45% | 52,095,078 -1,074,906 | -2% | -$14.1M |
|
63
Medtronic
MDT
$119B
| $628M | 0.41% | 5,062,662 -185,619 | -4% | -$23M |
|
|
64
APA Corp
APA
$8.31B
| $525M | 0.34% | 24,277,527 -20,218,924 | -45% | -$437M |
|
65
Otis Worldwide
OTIS
$33.9B
| $510M | 0.33% | 6,240,505 -216,531 | -3% | -$17.7M |
|
66
TC Energy
TRP
$54.1B
| $488M | 0.32% | 9,859,000 | – | – |
|
67
JD.com
JD
$44.1B
| $486M | 0.32% | 6,086,649 +518,772 | +9% | +$41.4M |
|
68
Liberty Global Class C
LBTYK
$4.07B
| $481M | 0.31% | 17,783,768 | – | – |
|
69
Fox Class B
FOX
$24.3B
| $463M | 0.3% | 13,158,141 +1,778,285 | +16% | +$62.6M |
|
70
Aegon
AEG
$12.3B
| $456M | 0.3% | 110,295,770 -643,545 | -0.6% | -$2.66M |
|
71
Brighthouse Financial
BHF
$2.7B
| $437M | 0.29% | 9,603,165 -180,198 | -2% | -$8.21M |
|
72
Credicorp
BAP
$20.4B
| $407M | 0.27% | 3,362,996 +32,600 | +1% | +$3.95M |
|
73
Linde
LIN
$224B
| $375M | 0.25% | 1,299,735 -2,355 | -0.2% | -$680K |
|
74
Lincoln National
LNC
$8.14B
| $327M | 0.21% | 5,208,907 -472,000 | -8% | -$29.7M |
|
75
News Corp Class A
NWSA
$16.6B
| $315M | 0.21% | 12,233,203 -676,729 | -5% | -$17.4M |
|