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 |
FISV
Fiserv Inc
FISV
|
+$1.28B |
| 2 |
Aon
AON
|
+$1.25B |
| 3 |
Willis Towers Watson
WTW
|
+$762M |
| 4 |
Fidelity National Information Services
FIS
|
+$571M |
| 5 |
Adobe
ADBE
|
+$565M |
Top Sells
| 1 |
Wells Fargo
WFC
|
+$962M |
| 2 |
Goldman Sachs
GS
|
+$814M |
| 3 |
GE Aerospace
GE
|
+$764M |
| 4 |
Nutrien
NTR
|
+$587M |
| 5 |
Alnylam Pharmaceuticals
ALNY
|
+$357M |
Sector Composition
| 1 | Healthcare | 23.72% |
| 2 | Financials | 18.28% |
| 3 | Industrials | 12.84% |
| 4 | Technology | 11.99% |
| 5 | Communication Services | 11.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Willis Towers Watson
WTW
$27.9B
| $1.25B | 0.68% |
3,632,191
+2,353,768
| +184% | +$762M |
|
|
52
Aon
AON
$78.5B
| $1.24B | 0.67% |
+3,464,683
| New | +$1.25B |
|
53
Incyte
INCY
$22.8B
| $1.18B | 0.64% |
13,932,416
-662,765
| -5% | -$52.4M |
|
54
Suncor Energy
SU
$72.3B
| $1.15B | 0.62% |
27,471,954
+70,300
| +0.3% | +$2.82M |
|
55
LPL Financial
LPLA
$25.7B
| $1.11B | 0.6% |
3,329,255
+627,546
| +23% | +$227M |
|
56
Cognizant
CTSH
$20.9B
| $1.09B | 0.59% |
16,201,642
-65,660
| -0.4% | -$4.75M |
|
57
American Electric Power
AEP
$73.8B
| $1.07B | 0.58% |
9,523,516
-48,887
| -0.5% | -$5.35M |
|
|
58
Alnylam Pharmaceuticals
ALNY
$38.5B
| $1.06B | 0.57% |
2,321,230
-875,866
| -27% | -$357M |
|
59
Teledyne Technologies
TDY
$28.9B
| $985M | 0.53% |
1,680,962
+183,222
| +12% | +$100M |
|
60
ConocoPhillips
COP
$137B
| $977M | 0.53% |
10,327,000
-908,453
| -8% | -$85.9M |
|
61
HP
HPQ
$22.7B
| $944M | 0.51% |
34,683,331
-260,167
| -0.7% | -$6.93M |
|
|
ECHO
62
EchoStar
ECHO
$26.9B
| $900M | 0.49% |
11,791,127
-1,607,143
| -12% | -$72.8M |
|
63
Archer Daniels Midland
ADM
$39.5B
| $900M | 0.49% |
15,068,544
+8,518,920
| +130% | +$498M |
|
64
T-Mobile US
TMUS
$204B
| $896M | 0.48% |
3,743,522
-356,757
| -9% | -$86.4M |
|
65
Cemex
CX
$18B
| $870M | 0.47% |
96,734,370
+1,710,535
| +2% | +$14.6M |
|
66
Molson Coors Class B
TAP
$7.48B
| $843M | 0.45% |
18,631,224
+4,235,029
| +29% | +$209M |
|
67
LyondellBasell Industries
LYB
$18.8B
| $832M | 0.45% |
16,969,062
-935
| -0% | -$52.7K |
|
68
Fox Class A
FOXA
$23.5B
| $829M | 0.45% |
13,151,969
-865,978
| -6% | -$50.1M |
|
69
Carrier Global
CARR
$57B
| $802M | 0.43% |
13,427,697
+651,648
| +5% | +$44.3M |
|
70
BioMarin Pharmaceuticals
BMRN
$11.4B
| $795M | 0.43% |
14,686,801
-421,509
| -3% | -$24.1M |
|
71
Bank of America
BAC
$422B
| $792M | 0.43% |
15,347,021
-2,513,481
| -14% | -$123M |
|
72
State Street
STT
$49.3B
| $788M | 0.43% |
6,795,174
-617,240
| -8% | -$68.9M |
|
73
Neurocrine Biosciences
NBIX
$17.5B
| $780M | 0.42% |
5,556,618
-10,196
| -0.2% | -$1.38M |
|
74
Medtronic
MDT
$107B
| $736M | 0.4% |
7,725,071
-15,312
| -0.2% | -$1.41M |
|
75
Aegon
AEG
$12.9B
| $685M | 0.37% |
85,783,505
-2,953,585
| -3% | -$22.1M |
|
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