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 |
T-Mobile US
TMUS
|
$1.33B |
| 2 |
Honda
HMC
|
$964M |
| 3 |
Fiserv
FI
|
$919M |
| 4 |
Incyte
INCY
|
$781M |
| 5 |
Gilead Sciences
GILD
|
$723M |
Top Sells
| 1 |
Capital One
COF
|
$1.09B |
| 2 |
Hewlett Packard
HPE
|
$604M |
| 3 |
APA Corp
APA
|
$437M |
| 4 |
Johnson Controls International
JCI
|
$367M |
| 5 |
Goldman Sachs
GS
|
$296M |
Sector Composition
| 1 | Financials | 24.9% |
| 2 | Technology | 17.6% |
| 3 | Communication Services | 15.85% |
| 4 | Healthcare | 15.64% |
| 5 | Energy | 9.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Alphabet (Google) Class A
GOOGL
$2.57T
| $279M | 0.18% | 114,183 -1,601 | -1% | -$3.91M |
|
77
Halliburton
HAL
$19.4B
| $276M | 0.18% | 11,949,707 -10,796,130 | -47% | -$250M |
|
|
MFGP
78
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $260M | 0.17% | 34,551,080 -64,952 | -0.2% | -$489K |
|
79
Liberty Global Class A
LBTYA
$4B
| $214M | 0.14% | 7,885,751 | – | – |
|
80
Occidental Petroleum Corporation Warrants to Purchase Common Stock
OXY.WS
$24B
| $211M | 0.14% | 15,204,793 -82,929 | -0.5% | -$1.15M |
|
81
Teck Resources
TECK
$16.7B
| $198M | 0.13% | 8,582,240 | – | – |
|
82
LyondellBasell Industries
LYB
$18.1B
| $177M | 0.12% | 1,724,131 -32,720 | -2% | -$3.37M |
|
83
Itaú Unibanco
ITUB
$77B
| $145M | 0.09% | 24,053,005 +6,401,400 | +36% | +$38.5M |
|
84
JPMorgan Chase
JPM
$829B
| $95.1M | 0.06% | 611,629 -588,458 | -49% | -$91.5M |
|
85
Walt Disney
DIS
$213B
| $81.9M | 0.05% | 465,837 -17,339 | -4% | -$3.05M |
|
86
Union Pacific
UNP
$133B
| $68.4M | 0.04% | 311,026 -10,475 | -3% | -$2.3M |
|
87
AstraZeneca
AZN
$248B
| $52.4M | 0.03% | 874,026 -16,250 | -2% | -$973K |
|
88
Cadence Design Systems
CDNS
$95.5B
| $45M | 0.03% | 328,813 -8,403 | -2% | -$1.15M |
|
89
Target
TGT
$43.6B
| $35.6M | 0.02% | 147,172 -12,653 | -8% | -$3.06M |
|
90
Chevron
CVX
$324B
| $28.8M | 0.02% | 275,121 -2,784 | -1% | -$292K |
|
91
ICICI Bank
IBN
$113B
| $27.1M | 0.02% | 1,587,000 -66,700 | -4% | -$1.14M |
|
92
Eli Lilly
LLY
$657B
| $19.7M | 0.01% | 85,805 -6,561 | -7% | -$1.51M |
|
93
Travelers Companies
TRV
$61.1B
| $19.2M | 0.01% | 128,130 -1,700 | -1% | -$255K |
|
94
Merck
MRK
$210B
| $17.8M | 0.01% | 229,028 -18,058 | -7% | -$1.4M |
|
95
Adobe
ADBE
$151B
| $17.8M | 0.01% | 30,366 -2,084 | -6% | -$1.22M |
|
96
Thermo Fisher Scientific
TMO
$186B
| $16.1M | 0.01% | 31,931 -925 | -3% | -$467K |
|
97
Procter & Gamble
PG
$368B
| $15.2M | 0.01% | 113,012 -2,175 | -2% | -$293K |
|
98
Walmart
WMT
$774B
| $13.7M | 0.01% | 97,366 -6,945 | -7% | -$979K |
|
99
Home Depot
HD
$405B
| $11.1M | 0.01% | 34,844 -2,175 | -6% | -$694K |
|
100
PayPal
PYPL
$67.1B
| $10.4M | 0.01% | 35,550 -100 | -0.3% | -$29.1K |
|