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 |
VMW
VMware, Inc
VMW
|
$1.99B |
| 2 |
Microchip Technology
MCHP
|
$1.2B |
| 3 |
Fiserv
FI
|
$1.03B |
| 4 |
Meta Platforms (Facebook)
META
|
$986M |
| 5 |
AB InBev
BUD
|
$911M |
Top Sells
| 1 |
Microsoft
MSFT
|
$742M |
| 2 |
American Express
AXP
|
$573M |
| 3 |
APA Corp
APA
|
$407M |
| 4 |
Wells Fargo
WFC
|
$296M |
| 5 |
HP
HPQ
|
$281M |
Sector Composition
| 1 | Financials | 24.36% |
| 2 | Technology | 18.85% |
| 3 | Healthcare | 17.34% |
| 4 | Communication Services | 14.97% |
| 5 | Industrials | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Liberty Global Class C
LBTYK
$4.07B
| $325M | 0.2% | 11,577,165 -4,706,244 | -29% | -$132M |
|
77
Lincoln National
LNC
$8.14B
| $295M | 0.18% | 4,319,907 -962,500 | -18% | -$65.7M |
|
78
XP
XP
$9.56B
| $264M | 0.16% | +9,178,691 | New | +$264M |
|
79
LyondellBasell Industries
LYB
$18.1B
| $253M | 0.16% | 2,740,531 +649,300 | +31% | +$59.9M |
|
80
News Corp Class A
NWSA
$16.6B
| $249M | 0.15% | 11,154,933 -614,645 | -5% | -$13.7M |
|
81
Halliburton
HAL
$19.4B
| $227M | 0.14% | 9,924,610 -1,305,475 | -12% | -$29.9M |
|
|
MFGP
82
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $191M | 0.12% | 34,295,081 -72,651 | -0.2% | -$405K |
|
83
Occidental Petroleum Corporation Warrants to Purchase Common Stock
OXY.WS
$24B
| $190M | 0.12% | 15,087,875 -45,119 | -0.3% | -$569K |
|
84
Coherent
COHR
$14.1B
| $190M | 0.12% | +2,782,089 | New | +$190M |
|
85
Regeneron Pharmaceuticals
REGN
$61.5B
| $176M | 0.11% | +279,122 | New | +$176M |
|
86
Jackson Financial
JXN
$6.88B
| $160M | 0.1% | 3,819,494 +40,700 | +1% | +$1.7M |
|
87
Liberty Global Class A
LBTYA
$4B
| $135M | 0.08% | 4,870,358 -3,015,393 | -38% | -$83.6M |
|
88
Itaú Unibanco
ITUB
$77B
| $97.7M | 0.06% | 26,060,805 +1,993,500 | +8% | +$7.48M |
|
89
NetEase
NTES
$86.2B
| $94.9M | 0.06% | 932,300 +925,100 | +12,849% | +$94.2M |
|
90
JPMorgan Chase
JPM
$829B
| $83.1M | 0.05% | 524,836 -29,605 | -5% | -$4.69M |
|
91
Union Pacific
UNP
$133B
| $75.4M | 0.05% | 299,433 -3,281 | -1% | -$827K |
|
92
Walt Disney
DIS
$213B
| $69.2M | 0.04% | 446,654 -10,138 | -2% | -$1.57M |
|
93
Cadence Design Systems
CDNS
$95.5B
| $58.6M | 0.04% | 314,317 -2,672 | -0.8% | -$498K |
|
94
ICICI Bank
IBN
$113B
| $54.6M | 0.03% | 2,758,000 -343,000 | -11% | -$6.79M |
|
95
AstraZeneca
AZN
$248B
| $47.6M | 0.03% | 817,895 -25,970 | -3% | -$1.51M |
|
96
Target
TGT
$43.6B
| $32.1M | 0.02% | 138,725 -4,026 | -3% | -$932K |
|
97
Chevron
CVX
$324B
| $31.1M | 0.02% | 264,842 -6,750 | -2% | -$792K |
|
98
Eli Lilly
LLY
$657B
| $22.4M | 0.01% | 81,108 -3,600 | -4% | -$994K |
|
99
Thermo Fisher Scientific
TMO
$186B
| $21.1M | 0.01% | 31,604 -327 | -1% | -$218K |
|
100
Travelers Companies
TRV
$61.1B
| $19.8M | 0.01% | 126,385 -1,025 | -0.8% | -$160K |
|