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 |
APA Corp
APA
|
+$468M |
| 2 |
S
Sprint Corporation
S
|
+$437M |
| 3 |
UnitedHealth
UNH
|
+$366M |
| 4 |
Microsoft
MSFT
|
+$305M |
| 5 |
ADT
ADT Corp
ADT
|
+$247M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FON
SPRINT CORP FON COM
FON
|
+$1.76B |
| 2 |
Xerox
XRX
|
+$625M |
| 3 |
PC
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
|
+$347M |
| 4 |
Adobe
ADBE
|
+$282M |
| 5 |
Vodafone
VOD
|
+$252M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.99% |
| 2 | Technology | 19.81% |
| 3 | Healthcare | 18.2% |
| 4 | Communication Services | 15.23% |
| 5 | Energy | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UFS
76
DELISTED
DOMTAR CORPORATION (New)
UFS
| $124M | 0.14% |
3,115,820
+37,066
| +1% | +$1.32M |
|
77
NVR
NVR
$17B
| $108M | 0.12% |
118,015
+1,400
| +1% | +$1.27M |
|
|
MOLX
78
DELISTED
MOLEX INC
MOLX
| $104M | 0.12% |
2,712,027
-108,500
| -4% | -$3.48M |
|
79
Occidental Petroleum
OXY
$59.1B
| $29.2M | 0.03% |
326,014
-63,991
| -16% | -$5.5M |
|
80
Union Pacific
UNP
$183B
| $28.2M | 0.03% |
362,520
-2,100
| -0.6% | -$166K |
|
|
CS
81
DELISTED
Credit Suisse Group
CS
| $27.1M | 0.03% |
886,715
-4,663
| -0.5% | -$139K |
|
82
Home Depot
HD
$328B
| $26M | 0.03% |
343,014
-37,074
| -10% | -$2.86M |
|
83
Ericsson
ERIC
$33B
| $25.1M | 0.03% |
1,877,124
+209,500
| +13% | +$2.6M |
|
84
IBM
IBM
$225B
| $24.9M | 0.03% |
140,531
-1,492
| -1% | -$271K |
|
85
Travelers Companies
TRV
$77B
| $24.3M | 0.03% |
286,125
-7,950
| -3% | -$657K |
|
86
Diageo
DEO
$51.2B
| $20M | 0.02% |
157,567
-8,850
| -5% | -$1.11M |
|
87
Amgen
AMGN
$236B
| $17.9M | 0.02% |
160,052
-101,170
| -39% | -$11M |
|
88
American Express
AXP
$226B
| $17M | 0.02% |
225,530
-1,242
| -0.5% | -$93.4K |
|
89
ExxonMobil
XOM
$643B
| $14.9M | 0.02% |
173,233
-3,270
| -2% | -$295K |
|
90
Procter & Gamble
PG
$333B
| $13.4M | 0.02% |
177,820
-1,550
| -0.9% | -$123K |
|
91
Target
TGT
$75.4B
| $12.7M | 0.01% |
197,836
-5,035
| -2% | -$343K |
|
|
CB
92
DELISTED
CHUBB CORPORATION
CB
| $12.6M | 0.01% |
141,279
-1,400
| -1% | -$121K |
|
|
CPWR
93
DELISTED
COMPUWARE CORP
CPWR
| $11M | 0.01% |
1,023,022
-22,544,677
| -96% | -$237M |
|
94
US Bancorp
USB
$97.2B
| $10.7M | 0.01% |
292,184
-10,400
| -3% | -$385K |
|
95
Thermo Fisher Scientific
TMO
$233B
| $9.16M | 0.01% |
99,402
-1,000
| -1% | -$90.4K |
|
|
COV
96
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $6.78M | 0.01% |
111,317
-15,038
| -12% | -$918K |
|
97
McDonald's
MCD
$184B
| $6.34M | 0.01% |
65,878
-700
| -1% | -$68.3K |
|
98
Caterpillar
CAT
$376B
| $6.09M | 0.01% |
73,035
-816
| -1% | -$69K |
|
99
Walt Disney
DIS
$184B
| $5.45M | 0.01% |
84,565
-600
| -0.7% | -$38.5K |
|
100
Motorola Solutions
MSI
$80.5B
| $4.74M | 0.01% |
79,838
| – | – |
|
Similar funds
Dodge & Cox's Q3 2013 Portfolio in Review
As of Q3 2013, Dodge & Cox held 170 positions worth $88B, up 4.6% from $84.2B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Dodge & Cox's Q3 2013 filing shows 4 new, 27 increased, 95 reduced and 6 closed positions. Its largest new stake was Sprint Corporation: 66,353,287 shares worth $412M. The largest sale was SPRINT CORP FON COM, an estimated $1.76B.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.
- Dodge & Cox's largest Q3 2013 buy was Sprint Corporation: 66,353,287 shares worth $412M.
- Dodge & Cox added most to APA Corp in Q3 2013, an estimated $468M increase.
- Dodge & Cox's biggest Q3 2013 reduction was Xerox, cutting an estimated $625M.
- Dodge & Cox fully exited SPRINT CORP FON COM in Q3 2013, selling an estimated $1.76B.
- Dodge & Cox's ten largest holdings make up 35% of its $88B portfolio in Q3 2013.
- Dodge & Cox opened 4 new positions and closed 6 in Q3 2013.
- Dodge & Cox's portfolio value rose 4.6% quarter-over-quarter to $88B.
Based on Dodge & Cox's 13F filing for Q3 2013, filed 13 Nov 2013.