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 |
Norfolk Southern
NSC
|
$976M |
| 2 |
Baker Hughes
BKR
|
$310M |
| 3 |
Truist Financial
TFC
|
$303M |
| 4 |
CVS Health
CVS
|
$236M |
| 5 |
Alibaba
BABA
|
$164M |
Top Sells
| 1 |
GE Aerospace
GE
|
$1.12B |
| 2 |
Meta Platforms (Facebook)
META
|
$766M |
| 3 |
Molson Coors Class B
TAP
|
$656M |
| 4 |
FedEx
FDX
|
$504M |
| 5 |
Novartis
NVS
|
$394M |
Sector Composition
| 1 | Financials | 20.67% |
| 2 | Healthcare | 18.6% |
| 3 | Technology | 17.71% |
| 4 | Communication Services | 12.88% |
| 5 | Industrials | 10.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Linde
LIN
$224B
| $516M | 0.34% | 1,355,190 | – | – |
|
77
NetEase
NTES
$86.2B
| $491M | 0.33% | 5,077,959 -3,674,310 | -42% | -$355M |
|
78
TC Energy
TRP
$54.1B
| $490M | 0.33% | 12,122,400 +1,802,400 | +17% | +$72.8M |
|
79
Otis Worldwide
OTIS
$33.9B
| $460M | 0.31% | 5,173,022 -36,650 | -0.7% | -$3.26M |
|
80
Baidu
BIDU
$32.8B
| $436M | 0.29% | 3,187,515 +39,300 | +1% | +$5.38M |
|
81
Brighthouse Financial
BHF
$2.7B
| $425M | 0.28% | 8,974,499 -15,469 | -0.2% | -$732K |
|
82
Fox Class B
FOX
$24.3B
| $374M | 0.25% | 11,737,345 +67,667 | +0.6% | +$2.16M |
|
|
GAP
83
The Gap, Inc.
GAP
$8.21B
| $335M | 0.22% | 37,478,228 -243,898 | -0.6% | -$2.18M |
|
84
Televisa
TV
$1.49B
| $334M | 0.22% | 65,012,920 | – | – |
|
85
Gaming and Leisure Properties
GLPI
$13.6B
| $298M | 0.2% | 6,147,119 -84,560 | -1% | -$4.1M |
|
|
DISH
86
DELISTED
DISH Network Corp.
DISH
| $259M | 0.17% | 39,290,566 -35,900 | -0.1% | -$237K |
|
87
News Corp Class A
NWSA
$16.6B
| $207M | 0.14% | 10,608,794 -68,515 | -0.6% | -$1.34M |
|
88
Liberty Global Class C
LBTYK
$4.07B
| $159M | 0.11% | 8,961,768 | – | – |
|
89
Jackson Financial
JXN
$6.88B
| $128M | 0.09% | 4,176,706 -9,700 | -0.2% | -$297K |
|
90
Lincoln National
LNC
$8.14B
| $112M | 0.07% | 4,335,211 -21,930 | -0.5% | -$565K |
|
91
Itaú Unibanco
ITUB
$77B
| $109M | 0.07% | 18,506,905 +181,200 | +1% | +$1.07M |
|
92
Fresenius Medical Care
FMS
$15.1B
| $101M | 0.07% | 4,223,110 | – | – |
|
93
Liberty Global Class A
LBTYA
$4B
| $82.2M | 0.05% | 4,875,669 | – | – |
|
94
American Express
AXP
$231B
| $81.7M | 0.05% | 468,948 -46,198 | -9% | -$8.05M |
|
95
Cadence Design Systems
CDNS
$95.5B
| $67.1M | 0.04% | 286,160 -9,179 | -3% | -$2.15M |
|
96
Union Pacific
UNP
$133B
| $55M | 0.04% | 268,590 -3,450 | -1% | -$706K |
|
97
JPMorgan Chase
JPM
$829B
| $50.4M | 0.03% | 346,385 -16,415 | -5% | -$2.39M |
|
98
ICICI Bank
IBN
$113B
| $46.1M | 0.03% | 1,997,600 -83,500 | -4% | -$1.93M |
|
99
Schlumberger
SLB
$55B
| $45.3M | 0.03% | 921,397 -65,026 | -7% | -$3.19M |
|
100
Walt Disney
DIS
$213B
| $32.6M | 0.02% | 364,763 -11,251 | -3% | -$1M |
|