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 |
Humana
HUM
|
$1.61B |
| 2 |
CVS Health
CVS
|
$1.22B |
| 3 |
Norfolk Southern
NSC
|
$573M |
| 4 |
Johnson Controls International
JCI
|
$355M |
| 5 |
Coupang
CPNG
|
$254M |
Top Sells
| 1 |
Cigna
CI
|
$1.41B |
| 2 |
Wells Fargo
WFC
|
$1.36B |
| 3 |
Hewlett Packard
HPE
|
$1.01B |
| 4 |
Microchip Technology
MCHP
|
$738M |
| 5 |
Capital One
COF
|
$615M |
Sector Composition
| 1 | Healthcare | 21.14% |
| 2 | Financials | 20.84% |
| 3 | Technology | 12.56% |
| 4 | Communication Services | 12.34% |
| 5 | Industrials | 11.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Elanco Animal Health
ELAN
$9.12B
| $1.21B | 0.72% | 83,583,150 -265,700 | -0.3% | -$3.83M |
|
52
Suncor Energy
SU
$50.1B
| $1.15B | 0.69% | 30,255,854 -9,763,000 | -24% | -$372M |
|
53
BioMarin Pharmaceuticals
BMRN
$11.2B
| $1.15B | 0.69% | 13,930,493 -62,450 | -0.4% | -$5.14M |
|
54
Cisco
CSCO
$274B
| $1.14B | 0.68% | 23,912,097 -57,212 | -0.2% | -$2.72M |
|
55
Dominion Energy
D
$51.1B
| $1.12B | 0.67% | 22,812,448 -53,250 | -0.2% | -$2.61M |
|
56
American Electric Power
AEP
$59.4B
| $1.04B | 0.62% | 11,831,805 +467,500 | +4% | +$41M |
|
57
Coherent
COHR
$14.1B
| $1.02B | 0.61% | 14,013,619 -1,084,769 | -7% | -$78.6M |
|
58
Fox Class A
FOXA
$26.6B
| $983M | 0.59% | 28,594,326 -290,450 | -1% | -$9.98M |
|
59
State Street
STT
$32.6B
| $956M | 0.57% | 12,914,714 -6,131,885 | -32% | -$454M |
|
60
Incyte
INCY
$16.5B
| $926M | 0.56% | 15,279,343 -136,700 | -0.9% | -$8.29M |
|
61
Baxter International
BAX
$12.7B
| $921M | 0.55% | 27,522,745 +20,850 | +0.1% | +$697K |
|
62
Alnylam Pharmaceuticals
ALNY
$58.5B
| $919M | 0.55% | 3,780,185 -31,295 | -0.8% | -$7.6M |
|
63
Celanese
CE
$5.22B
| $918M | 0.55% | 6,808,019 -18,633 | -0.3% | -$2.51M |
|
64
Carrier Global
CARR
$55.5B
| $906M | 0.54% | 14,367,024 -14,677 | -0.1% | -$926K |
|
65
Credicorp
BAP
$20.4B
| $883M | 0.53% | 5,474,280 -43,800 | -0.8% | -$7.07M |
|
66
Molson Coors Class B
TAP
$9.98B
| $741M | 0.44% | 14,574,964 +60,225 | +0.4% | +$3.06M |
|
67
Aegon
AEG
$12.3B
| $724M | 0.43% | 118,143,251 -7,126,766 | -6% | -$43.7M |
|
68
Honda
HMC
$44.4B
| $714M | 0.43% | 22,135,475 -108,900 | -0.5% | -$3.51M |
|
|
GAP
69
The Gap, Inc.
GAP
$8.21B
| $692M | 0.42% | 28,971,846 -7,161,582 | -20% | -$171M |
|
70
Sun Communities
SUI
$15.9B
| $671M | 0.4% | 5,576,740 +158,125 | +3% | +$19M |
|
71
Bristol-Myers Squibb
BMY
$96B
| $655M | 0.39% | 15,766,898 -500,143 | -3% | -$20.8M |
|
72
Nutrien
NTR
$28B
| $621M | 0.37% | 12,199,059 -56,400 | -0.5% | -$2.87M |
|
73
XP
XP
$9.56B
| $604M | 0.36% | 34,352,845 +4,667,800 | +16% | +$82.1M |
|
74
Occidental Petroleum Corporation Warrants to Purchase Common Stock
OXY.WS
$24B
| $587M | 0.35% | 14,270,270 -3,300 | -0% | -$136K |
|
75
Linde
LIN
$224B
| $582M | 0.35% | 1,326,990 | – | – |
|