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
|
+$1.8B |
| 2 |
Baxter International
BAX
|
+$627M |
| 3 |
SBA Communications
SBAC
|
+$360M |
| 4 |
SCHW
Charles Schwab
SCHW
|
+$250M |
| 5 |
Humana
HUM
|
+$223M |
Top Sells
| 1 |
Truist Financial
TFC
|
+$1.09B |
| 2 |
JNPR
Juniper Networks
JNPR
|
+$790M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$766M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$411M |
| 5 |
Wells Fargo
WFC
|
+$301M |
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 |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Elanco Animal Health
ELAN
$12.6B
| $1.22B | 0.69% |
83,315,550
-267,600
| -0.3% | -$3.73M |
|
52
HP
HPQ
$22.7B
| $1.21B | 0.69% |
33,822,175
-1,276,350
| -4% | -$45M |
|
53
Fox Class A
FOXA
$23.5B
| $1.2B | 0.68% |
28,455,247
-139,079
| -0.5% | -$5.4M |
|
54
ConocoPhillips
COP
$137B
| $1.2B | 0.68% |
11,431,431
-44,169
| -0.4% | -$4.85M |
|
55
American Electric Power
AEP
$73.8B
| $1.19B | 0.67% |
11,580,505
-251,300
| -2% | -$24.5M |
|
56
Carrier Global
CARR
$57B
| $1.15B | 0.65% |
14,346,499
-20,525
| -0.1% | -$1.43M |
|
|
57
Truist Financial
TFC
$64.7B
| $1.1B | 0.62% |
25,750,060
-25,915,796
| -50% | -$1.09B |
|
58
Suncor Energy
SU
$72.3B
| $1.09B | 0.61% |
29,410,254
-845,600
| -3% | -$32.7M |
|
59
Incyte
INCY
$22.8B
| $1.01B | 0.57% |
15,276,093
-3,250
| -0% | -$207K |
|
60
Alnylam Pharmaceuticals
ALNY
$38.5B
| $996M | 0.56% |
3,622,535
-157,650
| -4% | -$41M |
|
61
Credicorp
BAP
$30.9B
| $979M | 0.55% |
5,410,880
-63,400
| -1% | -$10.8M |
|
62
BioMarin Pharmaceuticals
BMRN
$11.4B
| $977M | 0.55% |
13,898,318
-32,175
| -0.2% | -$2.69M |
|
63
Coherent
COHR
$60.1B
| $946M | 0.53% |
10,639,374
-3,374,245
| -24% | -$252M |
|
64
Celanese
CE
$5.26B
| $924M | 0.52% |
6,799,069
-8,950
| -0.1% | -$1.18M |
|
65
JD.com
JD
$39B
| $899M | 0.51% |
22,482,449
+3,200
| +0% | +$87.9K |
|
66
VF Corp
VFC
$6.62B
| $848M | 0.48% |
42,512,850
-43,900
| -0.1% | -$735K |
|
67
Molson Coors Class B
TAP
$7.48B
| $841M | 0.48% |
14,619,464
+44,500
| +0.3% | +$2.38M |
|
68
State Street
STT
$49.3B
| $837M | 0.47% |
9,455,812
-3,458,902
| -27% | -$285M |
|
69
Bristol-Myers Squibb
BMY
$121B
| $809M | 0.46% |
15,627,743
-139,155
| -0.9% | -$6.53M |
|
70
Sun Communities
SUI
$14.9B
| $806M | 0.46% |
5,961,165
+384,425
| +7% | +$50.6M |
|
71
Aegon
AEG
$12.9B
| $753M | 0.43% |
117,784,082
-359,169
| -0.3% | -$2.22M |
|
72
Honda
HMC
$36.1B
| $700M | 0.4% |
22,076,375
-59,100
| -0.3% | -$1.88M |
|
|
GAP
73
The Gap Inc
GAP
$7.13B
| $637M | 0.36% |
28,873,346
-98,500
| -0.3% | -$2.19M |
|
74
Linde
LIN
$242B
| $633M | 0.36% |
1,326,990
| – | – |
|
75
XP
XP
$8.46B
| $625M | 0.35% |
34,861,745
+508,900
| +1% | +$9.28M |
|
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