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 |
International Flavors & Fragrances
IFF
|
$1.25B |
| 2 |
Avantor
AVTR
|
$1.09B |
| 3 |
RTX Corp
RTX
|
$813M |
| 4 |
Zimmer Biomet
ZBH
|
$809M |
| 5 |
Baxter International
BAX
|
$678M |
Top Sells
| 1 |
VMW
VMware, Inc
VMW
|
$3.29B |
| 2 |
UBS Group
UBS
|
$1.38B |
| 3 |
Dell
DELL
|
$821M |
| 4 |
GE Aerospace
GE
|
$697M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$582M |
Sector Composition
| 1 | Financials | 22.64% |
| 2 | Healthcare | 20.84% |
| 3 | Technology | 13.51% |
| 4 | Communication Services | 11.87% |
| 5 | Industrials | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
VF Corp
VFC
$5.91B
| $607M | 0.39% |
32,308,600
+192,850
| +0.6% | +$3.63M |
|
77
Medtronic
MDT
$119B
| $559M | 0.35% |
6,779,865
-84,540
| -1% | -$6.96M |
|
78
Occidental Petroleum Corporation Warrants to Purchase Common Stock
OXY.WS
$24B
| $556M | 0.35% |
14,275,070
-20,686
| -0.1% | -$805K |
|
79
Linde
LIN
$224B
| $545M | 0.35% |
1,326,990
-28,200
| -2% | -$11.6M |
|
80
TC Energy
TRP
$54.1B
| $464M | 0.29% |
11,860,400
-262,000
| -2% | -$10.2M |
|
81
Brighthouse Financial
BHF
$2.7B
| $463M | 0.29% |
8,757,834
-58,327
| -0.7% | -$3.09M |
|
82
Otis Worldwide
OTIS
$33.9B
| $450M | 0.29% |
5,026,497
-78,100
| -2% | -$6.99M |
|
83
Baidu
BIDU
$32.8B
| $375M | 0.24% |
3,150,115
-36,900
| -1% | -$4.39M |
|
84
Gaming and Leisure Properties
GLPI
$13.6B
| $316M | 0.2% |
6,402,581
+302,140
| +5% | +$14.9M |
|
85
Fox Class B
FOX
$24.3B
| $313M | 0.2% |
11,303,523
-123,397
| -1% | -$3.41M |
|
86
News Corp Class A
NWSA
$16.6B
| $257M | 0.16% |
10,477,457
-82,287
| -0.8% | -$2.02M |
|
|
DISH
87
DELISTED
DISH Network Corp.
DISH
| $224M | 0.14% |
38,886,766
-283,600
| -0.7% | -$1.64M |
|
88
Televisa
TV
$1.49B
| $215M | 0.14% |
64,405,090
-607,830
| -0.9% | -$2.03M |
|
89
NetEase
NTES
$86.2B
| $168M | 0.11% |
1,799,026
-950,500
| -35% | -$88.5M |
|
90
Neurocrine Biosciences
NBIX
$13.8B
| $166M | 0.11% |
1,259,744
+1,046,142
| +490% | +$138M |
|
91
Liberty Global Class C
LBTYK
$4.07B
| $164M | 0.1% |
8,786,768
-175,000
| -2% | -$3.26M |
|
92
Jackson Financial
JXN
$6.88B
| $157M | 0.1% |
3,071,598
-1,102,708
| -26% | -$56.5M |
|
93
Yum China
YUMC
$16.4B
| $134M | 0.09% |
3,165,531
+3,152,269
| +23,769% | +$134M |
|
94
Itaú Unibanco
ITUB
$77B
| $111M | 0.07% |
15,910,905
-2,317,300
| -13% | -$16.1M |
|
95
Fresenius Medical Care
FMS
$15.1B
| $88M | 0.06% |
4,223,110
| – | – |
|
96
Liberty Global Class A
LBTYA
$4B
| $84.7M | 0.05% |
4,767,561
-88,108
| -2% | -$1.57M |
|
97
American Express
AXP
$231B
| $81.3M | 0.05% |
434,097
-9,577
| -2% | -$1.79M |
|
98
Cadence Design Systems
CDNS
$95.5B
| $74.9M | 0.05% |
274,851
-7,714
| -3% | -$2.1M |
|
99
Union Pacific
UNP
$133B
| $69.9M | 0.04% |
284,628
+18,514
| +7% | +$4.55M |
|
100
Broadcom
AVGO
$1.4T
| $62.2M | 0.04% |
+55,745
| New | +$62.2M |
|