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
| Rank | Stock | Value |
|---|---|---|
| 1 |
HP
HPQ
|
+$3.66B |
| 2 |
Novartis
NVS
|
+$3.42B |
| 3 |
GSK
GSK
|
+$3.14B |
| 4 |
SLB Ltd
SLB
|
+$2.94B |
| 5 |
Wells Fargo
WFC
|
+$2.89B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.04% |
| 2 | Technology | 19.2% |
| 3 | Healthcare | 18.06% |
| 4 | Communication Services | 16.19% |
| 5 | Energy | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UFS
76
DELISTED
DOMTAR CORPORATION (New)
UFS
| $102M | 0.12% |
+3,078,754
| New | +$111M |
|
|
MOLX
77
DELISTED
MOLEX INC
MOLX
| $82.8M | 0.1% |
+2,820,527
| New | +$81.5M |
|
78
UnitedHealth
UNH
$384B
| $70.7M | 0.08% |
+1,079,766
| New | +$67.2M |
|
79
Pitney Bowes
PBI
$2.41B
| $33.8M | 0.04% |
+2,305,724
| New | +$34.1M |
|
80
Occidental Petroleum
OXY
$57.4B
| $33.3M | 0.04% |
+390,005
| New | +$33M |
|
81
Home Depot
HD
$324B
| $29.4M | 0.04% |
+380,088
| New | +$28.6M |
|
82
Union Pacific
UNP
$181B
| $28.1M | 0.03% |
+364,620
| New | +$27.5M |
|
83
IBM
IBM
$194B
| $25.9M | 0.03% |
+142,023
| New | +$27.7M |
|
84
Amgen
AMGN
$200B
| $25.8M | 0.03% |
+261,222
| New | +$27.1M |
|
|
CS
85
DELISTED
Credit Suisse Group
CS
| $23.6M | 0.03% |
+891,378
| New | +$25.1M |
|
86
Travelers Companies
TRV
$78.4B
| $23.5M | 0.03% |
+294,075
| New | +$24.7M |
|
87
Diageo
DEO
$45.7B
| $19.1M | 0.02% |
+166,417
| New | +$20.1M |
|
88
Ericsson
ERIC
$30.6B
| $18.8M | 0.02% |
+1,667,624
| New | +$19.9M |
|
89
American Express
AXP
$232B
| $17M | 0.02% |
+226,772
| New | +$16.1M |
|
90
ExxonMobil
XOM
$649B
| $15.9M | 0.02% |
+176,503
| New | +$15.9M |
|
91
Target
TGT
$61B
| $14M | 0.02% |
+202,871
| New | +$14.1M |
|
92
Procter & Gamble
PG
$342B
| $13.8M | 0.02% |
+179,370
| New | +$14.1M |
|
|
CB
93
DELISTED
CHUBB CORPORATION
CB
| $12.1M | 0.01% |
+142,679
| New | +$12.5M |
|
|
BMC
94
DELISTED
BMC SOFTWARE, INC
BMC
| $11.8M | 0.01% |
+261,667
| New | +$11.8M |
|
95
US Bancorp
USB
$98.5B
| $10.9M | 0.01% |
+302,584
| New | +$10.4M |
|
96
Thermo Fisher Scientific
TMO
$213B
| $8.5M | 0.01% |
+100,402
| New | +$8.36M |
|
|
COV
97
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $7.04M | 0.01% |
+126,355
| New | +$7.31M |
|
98
McDonald's
MCD
$187B
| $6.59M | 0.01% |
+66,578
| New | +$6.67M |
|
99
Caterpillar
CAT
$411B
| $6.09M | 0.01% |
+73,851
| New | +$6.28M |
|
100
Walt Disney
DIS
$161B
| $5.38M | 0.01% |
+85,165
| New | +$5.38M |
|
Similar funds
Dodge & Cox's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Dodge & Cox, which disclosed 166 positions worth $84.2B. Its ten largest holdings account for 35% of the portfolio.
Its largest position is HP: 358,933,379 shares worth $4.04B.
By sector, the portfolio is most concentrated in Financials at 21% of assets, followed by Technology and Healthcare.
- Dodge & Cox's largest Q2 2013 buy was HP: 358,933,379 shares worth $4.04B.
- Dodge & Cox's ten largest holdings make up 35% of its $84.2B portfolio in Q2 2013.
- Dodge & Cox disclosed 166 positions in Q2 2013, its first 13F filing on record.
Based on Dodge & Cox's 13F filing for Q2 2013, filed 13 Aug 2013.