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 |
Fiserv
FI
|
$723M |
| 2 |
GSK
GSK
|
$660M |
| 3 |
RTX Corp
RTX
|
$628M |
| 4 |
Wells Fargo
WFC
|
$527M |
| 5 |
Cisco
CSCO
|
$370M |
Top Sells
| 1 |
FedEx
FDX
|
$997M |
| 2 |
TE Connectivity
TEL
|
$880M |
| 3 |
Bank of America
BAC
|
$603M |
| 4 |
AstraZeneca
AZN
|
$575M |
| 5 |
Charles Schwab
SCHW
|
$564M |
Sector Composition
| 1 | Financials | 27.05% |
| 2 | Technology | 18.36% |
| 3 | Communication Services | 14.15% |
| 4 | Healthcare | 14.14% |
| 5 | Industrials | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Incyte
INCY
$16.5B
| $283M | 0.22% | 3,252,530 -36,401 | -1% | -$3.17M |
|
77
News Corp Class A
NWSA
$16.6B
| $244M | 0.19% | 13,567,010 -200,843 | -1% | -$3.61M |
|
78
NOV
NOV
$4.94B
| $226M | 0.18% | 16,466,332 -6,667,783 | -29% | -$91.5M |
|
79
Alphabet (Google) Class A
GOOGL
$2.57T
| $213M | 0.17% | 121,559 -12,786 | -10% | -$22.4M |
|
80
Liberty Global Class A
LBTYA
$4B
| $201M | 0.16% | 8,285,751 -507,200 | -6% | -$12.3M |
|
|
MFGP
81
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $198M | 0.16% | 34,614,826 -127,912 | -0.4% | -$730K |
|
82
Cemex
CX
$13.2B
| $169M | 0.13% | 32,592,692 -56,590,898 | -63% | -$293M |
|
|
83
AstraZeneca
AZN
$248B
| $166M | 0.13% | 3,315,172 -11,506,174 | -78% | -$575M |
|
84
Teck Resources
TECK
$16.7B
| $156M | 0.12% | 8,582,240 -488,100 | -5% | -$8.86M |
|
85
Occidental Petroleum Corporation Warrants to Purchase Common Stock
OXY.WS
$24B
| $104M | 0.08% | 15,292,066 -125,646 | -0.8% | -$856K |
|
86
Itaú Unibanco
ITUB
$77B
| $94.4M | 0.07% | 15,494,305 +1,393,400 | +10% | +$8.49M |
|
87
Walt Disney
DIS
$213B
| $91.6M | 0.07% | 505,449 -58,067 | -10% | -$10.5M |
|
88
Union Pacific
UNP
$133B
| $67.7M | 0.05% | 324,969 -20,140 | -6% | -$4.19M |
|
89
Cadence Design Systems
CDNS
$95.5B
| $47.6M | 0.04% | 348,943 -14,115 | -4% | -$1.93M |
|
90
Target
TGT
$43.6B
| $29.4M | 0.02% | 166,716 -8,778 | -5% | -$1.55M |
|
91
ICICI Bank
IBN
$113B
| $26.8M | 0.02% | 1,802,230 +111,000 | +7% | +$1.65M |
|
92
Chevron
CVX
$324B
| $23.6M | 0.02% | 279,117 -22,027 | -7% | -$1.86M |
|
93
Merck
MRK
$210B
| $22.5M | 0.02% | 275,164 -32,565 | -11% | -$2.66M |
|
94
Travelers Companies
TRV
$61.1B
| $18.6M | 0.01% | 132,430 -4,161 | -3% | -$584K |
|
95
Eli Lilly
LLY
$657B
| $18M | 0.01% | 106,513 -18,880 | -15% | -$3.19M |
|
96
Adobe
ADBE
$151B
| $16.6M | 0.01% | 33,117 -777 | -2% | -$389K |
|
97
Procter & Gamble
PG
$368B
| $16.3M | 0.01% | 116,980 -2,902 | -2% | -$404K |
|
98
Thermo Fisher Scientific
TMO
$186B
| $16.2M | 0.01% | 34,845 -285 | -0.8% | -$133K |
|
99
Walmart
WMT
$774B
| $15.9M | 0.01% | 110,469 -10,401 | -9% | -$1.5M |
|
100
Home Depot
HD
$405B
| $9.95M | 0.01% | 37,444 -2,318 | -6% | -$616K |
|