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 |
Charter Communications
CHTR
|
+$1.02B |
| 2 |
International Flavors & Fragrances
IFF
|
+$987M |
| 3 |
American Electric Power
AEP
|
+$924M |
| 4 |
CVS Health
CVS
|
+$810M |
| 5 |
Johnson Controls International
JCI
|
+$707M |
Top Sells
| 1 |
Microchip Technology
MCHP
|
+$669M |
| 2 |
Ovintiv
OVV
|
+$651M |
| 3 |
Microsoft
MSFT
|
+$539M |
| 4 |
UBS Group
UBS
|
+$500M |
| 5 |
Otis Worldwide
OTIS
|
+$463M |
Sector Composition
| 1 | Financials | 22.08% |
| 2 | Healthcare | 21.18% |
| 3 | Technology | 13.05% |
| 4 | Communication Services | 11.27% |
| 5 | Industrials | 11.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
BioMarin Pharmaceuticals
BMRN
$11.4B
| $1.22B | 0.71% |
13,992,943
-1,120
| -0% | -$100K |
|
52
Cisco
CSCO
$470B
| $1.2B | 0.69% |
23,969,309
-121,903
| -0.5% | -$6.08M |
|
53
Novartis
NVS
$293B
| $1.2B | 0.69% |
12,353,985
-811,553
| -6% | -$83.2M |
|
54
Baxter International
BAX
$11.7B
| $1.18B | 0.68% |
27,501,895
+120,430
| +0.4% | +$4.9M |
|
55
Celanese
CE
$5.26B
| $1.17B | 0.68% |
6,826,652
-22,675
| -0.3% | -$3.45M |
|
56
Dominion Energy
D
$62.3B
| $1.12B | 0.65% |
22,865,698
+65,315
| +0.3% | +$3.05M |
|
57
HP
HPQ
$22.7B
| $1.07B | 0.62% |
35,350,611
-62,696
| -0.2% | -$1.85M |
|
|
GAP
58
The Gap Inc
GAP
$7.13B
| $995M | 0.58% |
36,133,428
-957,250
| -3% | -$20.2M |
|
|
59
American Electric Power
AEP
$73.8B
| $978M | 0.57% |
+11,364,305
| New | +$924M |
|
60
Molson Coors Class B
TAP
$7.48B
| $976M | 0.57% |
14,514,739
-137,275
| -0.9% | -$8.7M |
|
61
Credicorp
BAP
$30.9B
| $935M | 0.54% |
5,518,080
-12,900
| -0.2% | -$2.08M |
|
62
Coherent
COHR
$60.1B
| $915M | 0.53% |
15,098,388
-3,637,020
| -19% | -$199M |
|
63
Fox Class A
FOXA
$23.5B
| $903M | 0.52% |
28,884,776
-129,871
| -0.4% | -$3.94M |
|
64
Bristol-Myers Squibb
BMY
$121B
| $882M | 0.51% |
16,267,041
+66,757
| +0.4% | +$3.4M |
|
65
Incyte
INCY
$22.8B
| $878M | 0.51% |
15,416,043
-674,378
| -4% | -$40.5M |
|
66
Hewlett Packard
HPE
$62.6B
| $860M | 0.5% |
48,493,872
-5,688,801
| -10% | -$92.4M |
|
67
Carrier Global
CARR
$57B
| $836M | 0.49% |
14,381,701
-43,055
| -0.3% | -$2.42M |
|
68
Honda
HMC
$36.1B
| $828M | 0.48% |
22,244,375
-9,404,685
| -30% | -$323M |
|
|
69
Microchip Technology
MCHP
$45.7B
| $779M | 0.45% |
8,688,028
-7,761,231
| -47% | -$669M |
|
70
XP
XP
$8.46B
| $762M | 0.44% |
29,685,045
-543,800
| -2% | -$13.6M |
|
71
Aegon
AEG
$12.9B
| $758M | 0.44% |
125,270,017
+294,300
| +0.2% | +$1.71M |
|
72
Sun Communities
SUI
$14.9B
| $697M | 0.4% |
+5,418,615
| New | +$703M |
|
73
Nutrien
NTR
$32.4B
| $666M | 0.39% |
12,255,459
+804,500
| +7% | +$41.9M |
|
74
JD.com
JD
$39B
| $655M | 0.38% |
23,931,049
+1,986,500
| +9% | +$48.6M |
|
75
Linde
LIN
$242B
| $616M | 0.36% |
1,326,990
| – | – |
|
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