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 |
Air Products & Chemicals
APD
|
$1.96B |
| 2 |
Baxter International
BAX
|
$648M |
| 3 |
SBA Communications
SBAC
|
$391M |
| 4 |
Charles Schwab
SCHW
|
$246M |
| 5 |
Humana
HUM
|
$198M |
Top Sells
| 1 |
Truist Financial
TFC
|
$1.11B |
| 2 |
JNPR
Juniper Networks
JNPR
|
$807M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$757M |
| 4 |
Bank of New York Mellon
BK
|
$449M |
| 5 |
State Street
STT
|
$306M |
Sector Composition
| 1 | Healthcare | 22.27% |
| 2 | Financials | 19.03% |
| 3 | Industrials | 12.6% |
| 4 | Technology | 12% |
| 5 | Communication Services | 11.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Elanco Animal Health
ELAN
$9.12B
| $1.22B | 0.69% | 83,315,550 -267,600 | -0.3% | -$3.93M |
|
52
HP
HPQ
$26.7B
| $1.21B | 0.69% | 33,822,175 -1,276,350 | -4% | -$45.8M |
|
53
Fox Class A
FOXA
$26.6B
| $1.2B | 0.68% | 28,455,247 -139,079 | -0.5% | -$5.89M |
|
54
ConocoPhillips
COP
$124B
| $1.2B | 0.68% | 11,431,431 -44,169 | -0.4% | -$4.65M |
|
55
American Electric Power
AEP
$59.4B
| $1.19B | 0.67% | 11,580,505 -251,300 | -2% | -$25.8M |
|
56
Carrier Global
CARR
$55.5B
| $1.15B | 0.65% | 14,346,499 -20,525 | -0.1% | -$1.65M |
|
|
57
Truist Financial
TFC
$60.4B
| $1.1B | 0.62% | 25,750,060 -25,915,796 | -50% | -$1.11B |
|
58
Suncor Energy
SU
$50.1B
| $1.09B | 0.61% | 29,410,254 -845,600 | -3% | -$31.2M |
|
59
Incyte
INCY
$16.5B
| $1.01B | 0.57% | 15,276,093 -3,250 | -0% | -$215K |
|
60
Alnylam Pharmaceuticals
ALNY
$58.5B
| $996M | 0.56% | 3,622,535 -157,650 | -4% | -$43.4M |
|
61
Credicorp
BAP
$20.4B
| $979M | 0.55% | 5,410,880 -63,400 | -1% | -$11.5M |
|
62
BioMarin Pharmaceuticals
BMRN
$11.2B
| $977M | 0.55% | 13,898,318 -32,175 | -0.2% | -$2.26M |
|
63
Coherent
COHR
$14.1B
| $946M | 0.53% | 10,639,374 -3,374,245 | -24% | -$300M |
|
64
Celanese
CE
$5.22B
| $924M | 0.52% | 6,799,069 -8,950 | -0.1% | -$1.22M |
|
65
JD.com
JD
$44.1B
| $899M | 0.51% | 22,482,449 +3,200 | +0% | +$128K |
|
66
VF Corp
VFC
$5.91B
| $848M | 0.48% | 42,512,850 -43,900 | -0.1% | -$876K |
|
67
Molson Coors Class B
TAP
$9.98B
| $841M | 0.48% | 14,619,464 +44,500 | +0.3% | +$2.56M |
|
|
68
State Street
STT
$32.6B
| $837M | 0.47% | 9,455,812 -3,458,902 | -27% | -$306M |
|
69
Bristol-Myers Squibb
BMY
$96B
| $809M | 0.46% | 15,627,743 -139,155 | -0.9% | -$7.2M |
|
70
Sun Communities
SUI
$15.9B
| $806M | 0.46% | 5,961,165 +384,425 | +7% | +$52M |
|
71
Aegon
AEG
$12.3B
| $753M | 0.43% | 117,784,082 -359,169 | -0.3% | -$2.3M |
|
72
Honda
HMC
$44.4B
| $700M | 0.4% | 22,076,375 -59,100 | -0.3% | -$1.88M |
|
|
GAP
73
The Gap, Inc.
GAP
$8.21B
| $637M | 0.36% | 28,873,346 -98,500 | -0.3% | -$2.17M |
|
74
Linde
LIN
$224B
| $633M | 0.36% | 1,326,990 | – | – |
|
75
XP
XP
$9.56B
| $625M | 0.35% | 34,861,745 +508,900 | +1% | +$9.13M |
|