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 |
Humana
HUM
|
$1.61B |
| 2 |
CVS Health
CVS
|
$1.22B |
| 3 |
Norfolk Southern
NSC
|
$573M |
| 4 |
Johnson Controls International
JCI
|
$355M |
| 5 |
Coupang
CPNG
|
$254M |
Top Sells
| 1 |
Cigna
CI
|
$1.41B |
| 2 |
Wells Fargo
WFC
|
$1.36B |
| 3 |
Hewlett Packard
HPE
|
$1.01B |
| 4 |
Microchip Technology
MCHP
|
$738M |
| 5 |
Capital One
COF
|
$615M |
Sector Composition
| 1 | Healthcare | 21.14% |
| 2 | Financials | 20.84% |
| 3 | Technology | 12.56% |
| 4 | Communication Services | 12.34% |
| 5 | Industrials | 11.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
JD.com
JD
$44.1B
| $581M | 0.35% | 22,479,249 -1,451,800 | -6% | -$37.5M |
|
77
VF Corp
VFC
$5.91B
| $575M | 0.34% | 42,556,750 +7,126,700 | +20% | +$96.2M |
|
78
Medtronic
MDT
$119B
| $535M | 0.32% | 6,791,555 +2,240 | +0% | +$176K |
|
79
Baidu
BIDU
$32.8B
| $509M | 0.31% | 5,883,215 +2,099,500 | +55% | +$182M |
|
80
Teck Resources
TECK
$16.7B
| $506M | 0.3% | 10,554,840 -5,500 | -0.1% | -$263K |
|
81
TC Energy
TRP
$54.1B
| $450M | 0.27% | 11,860,400 | – | – |
|
82
Fox Class B
FOX
$24.3B
| $364M | 0.22% | 11,366,057 +22,734 | +0.2% | +$728K |
|
83
Yum China
YUMC
$16.4B
| $329M | 0.2% | 10,681,262 +3,961,400 | +59% | +$122M |
|
84
Gaming and Leisure Properties
GLPI
$13.6B
| $295M | 0.18% | 6,524,863 +92,476 | +1% | +$4.18M |
|
85
Brighthouse Financial
BHF
$2.7B
| $290M | 0.17% | 6,688,783 -2,050,513 | -23% | -$88.9M |
|
86
News Corp Class A
NWSA
$16.6B
| $288M | 0.17% | 10,457,182 -9,150 | -0.1% | -$252K |
|
|
87
Coupang
CPNG
$52.1B
| $254M | 0.15% | +12,114,152 | New | +$254M |
|
88
EchoStar
SATS
$17.8B
| $242M | 0.15% | 13,564,286 -92,228 | -0.7% | -$1.64M |
|
89
Televisa
TV
$1.49B
| $178M | 0.11% | 64,212,690 | – | – |
|
90
Neurocrine Biosciences
NBIX
$13.8B
| $176M | 0.11% | 1,280,820 +15,576 | +1% | +$2.14M |
|
91
Liberty Global Class C
LBTYK
$4.07B
| $157M | 0.09% | 8,786,768 | – | – |
|
92
HDFC Bank
HDB
$182B
| $152M | 0.09% | 2,364,300 +294,958 | +14% | +$19M |
|
93
Flutter Entertainment
FLUT
$54B
| $114M | 0.07% | 624,478 | – | – |
|
94
NetEase
NTES
$86.2B
| $103M | 0.06% | 1,080,952 +133,826 | +14% | +$12.8M |
|
95
American Express
AXP
$231B
| $96.4M | 0.06% | 416,269 -12,347 | -3% | -$2.86M |
|
96
Itaú Unibanco
ITUB
$77B
| $88.9M | 0.05% | 15,228,405 -578,500 | -4% | -$3.38M |
|
97
Liberty Global Class A
LBTYA
$4B
| $83.1M | 0.05% | 4,767,561 | – | – |
|
98
Fresenius Medical Care
FMS
$15.1B
| $80.6M | 0.05% | 4,223,110 | – | – |
|
99
Cadence Design Systems
CDNS
$95.5B
| $80.4M | 0.05% | 261,118 -3,947 | -1% | -$1.21M |
|
100
Union Pacific
UNP
$133B
| $63.9M | 0.04% | 282,582 -609 | -0.2% | -$138K |
|