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
|
$1.15B |
| 2 |
Cigna
CI
|
$676M |
| 3 |
Gilead Sciences
GILD
|
$580M |
| 4 |
Novartis
NVS
|
$394M |
| 5 |
Teck Resources
TECK
|
$366M |
Top Sells
| 1 |
Johnson Controls International
JCI
|
$251M |
| 2 |
APA Corp
APA
|
$183M |
| 3 |
HP
HPQ
|
$180M |
| 4 |
Capital One
COF
|
$180M |
| 5 |
Wells Fargo
WFC
|
$178M |
Sector Composition
| 1 | Financials | 25.43% |
| 2 | Technology | 17.73% |
| 3 | Healthcare | 16.49% |
| 4 | Communication Services | 15.93% |
| 5 | Energy | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Incyte
INCY
$16.5B
| $1.13B | 0.74% | 16,476,436 +2,878,900 | +21% | +$198M |
|
52
Carrier Global
CARR
$55.5B
| $1.13B | 0.73% | 21,742,442 -2,358,220 | -10% | -$122M |
|
53
Suncor Energy
SU
$50.1B
| $1.13B | 0.73% | 54,245,354 -2,051,600 | -4% | -$42.6M |
|
54
Nutrien
NTR
$28B
| $1.02B | 0.67% | 15,761,859 -236,500 | -1% | -$15.3M |
|
55
Alnylam Pharmaceuticals
ALNY
$58.5B
| $1.01B | 0.66% | 5,372,100 -41,901 | -0.8% | -$7.91M |
|
56
Baidu
BIDU
$32.8B
| $967M | 0.63% | 6,288,351 +1,590,500 | +34% | +$245M |
|
|
HES
57
DELISTED
Hess
HES
| $911M | 0.59% | 11,660,136 -342,139 | -3% | -$26.7M |
|
58
Truist Financial
TFC
$60.4B
| $883M | 0.58% | 15,053,817 +335,378 | +2% | +$19.7M |
|
59
Ovintiv
OVV
$10.8B
| $739M | 0.48% | 22,472,460 -1,039,677 | -4% | -$34.2M |
|
60
JD.com
JD
$44.1B
| $701M | 0.46% | 9,709,849 +3,623,200 | +60% | +$262M |
|
61
Televisa
TV
$1.49B
| $696M | 0.45% | 63,401,320 -300,000 | -0.5% | -$3.29M |
|
62
Credicorp
BAP
$20.4B
| $598M | 0.39% | 5,391,446 +2,028,450 | +60% | +$225M |
|
|
63
Teck Resources
TECK
$16.7B
| $580M | 0.38% | 23,269,340 +14,687,100 | +171% | +$366M |
|
64
Medtronic
MDT
$119B
| $579M | 0.38% | 4,622,419 -440,243 | -9% | -$55.2M |
|
65
Aegon
AEG
$12.3B
| $570M | 0.37% | 112,006,256 +1,710,486 | +2% | +$8.71M |
|
|
QVCGA
66
QVC Group, Inc. Series A Common Stock
QVCGA
$69.2M
| $528M | 0.34% | 51,835,678 -259,400 | -0.5% | -$2.64M |
|
|
GAP
67
The Gap, Inc.
GAP
$8.21B
| $525M | 0.34% | 23,109,478 -361,384 | -2% | -$8.2M |
|
68
Fox Class B
FOX
$24.3B
| $486M | 0.32% | 13,097,013 -61,128 | -0.5% | -$2.27M |
|
69
Liberty Global Class C
LBTYK
$4.07B
| $480M | 0.31% | 16,283,409 -1,500,359 | -8% | -$44.2M |
|
70
TC Energy
TRP
$54.1B
| $474M | 0.31% | 9,859,000 | – | – |
|
71
Otis Worldwide
OTIS
$33.9B
| $471M | 0.31% | 5,726,048 -514,457 | -8% | -$42.3M |
|
72
Brighthouse Financial
BHF
$2.7B
| $431M | 0.28% | 9,529,394 -73,771 | -0.8% | -$3.34M |
|
73
Linde
LIN
$224B
| $386M | 0.25% | 1,299,735 | – | – |
|
74
Lincoln National
LNC
$8.14B
| $363M | 0.24% | 5,282,407 +73,500 | +1% | +$5.05M |
|
|
75
APA Corp
APA
$8.31B
| $337M | 0.22% | 15,734,009 -8,543,518 | -35% | -$183M |
|