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
|
+$1.45B |
| 2 |
CVS Health
CVS
|
+$1.29B |
| 3 |
Norfolk Southern
NSC
|
+$619M |
| 4 |
Johnson Controls International
JCI
|
+$359M |
| 5 |
Coupang
CPNG
|
+$263M |
Top Sells
| 1 |
Cigna
CI
|
+$1.47B |
| 2 |
Wells Fargo
WFC
|
+$1.35B |
| 3 |
GE Aerospace
GE
|
+$944M |
| 4 |
Hewlett Packard
HPE
|
+$880M |
| 5 |
Microchip Technology
MCHP
|
+$738M |
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 |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
JD.com
JD
$39B
| $581M | 0.35% |
22,479,249
-1,451,800
| -6% | -$42.6M |
|
77
VF Corp
VFC
$6.62B
| $575M | 0.34% |
42,556,750
+7,126,700
| +20% | +$93.5M |
|
78
Medtronic
MDT
$107B
| $535M | 0.32% |
6,791,555
+2,240
| +0% | +$184K |
|
79
Baidu
BIDU
$38.6B
| $509M | 0.31% |
5,883,215
+2,099,500
| +55% | +$211M |
|
80
Teck Resources
TECK
$28.6B
| $506M | 0.3% |
10,554,840
-5,500
| -0.1% | -$271K |
|
81
TC Energy
TRP
$70.8B
| $450M | 0.27% |
11,860,400
| – | – |
|
82
Fox Class B
FOX
$21.1B
| $364M | 0.22% |
11,366,057
+22,734
| +0.2% | +$687K |
|
83
Yum China
YUMC
$15.1B
| $329M | 0.2% |
10,681,262
+3,961,400
| +59% | +$145M |
|
84
Gaming and Leisure Properties
GLPI
$12.5B
| $295M | 0.18% |
6,524,863
+92,476
| +1% | +$4.08M |
|
85
Brighthouse Financial
BHF
$3.83B
| $290M | 0.17% |
6,688,783
-2,050,513
| -23% | -$94.6M |
|
86
News Corp Class A
NWSA
$15B
| $288M | 0.17% |
10,457,182
-9,150
| -0.1% | -$236K |
|
|
87
Coupang
CPNG
$32.2B
| $254M | 0.15% |
+12,114,152
| New | +$263M |
|
|
ECHO
88
EchoStar
ECHO
$26.9B
| $242M | 0.15% |
13,564,286
-92,228
| -0.7% | -$1.53M |
|
89
Televisa
TV
$1.43B
| $178M | 0.11% |
64,212,690
| – | – |
|
90
Neurocrine Biosciences
NBIX
$17.5B
| $176M | 0.11% |
1,280,820
+15,576
| +1% | +$2.14M |
|
91
Liberty Global Class C
LBTYK
$3.56B
| $157M | 0.09% |
8,786,768
| – | – |
|
92
HDFC Bank
HDB
$136B
| $152M | 0.09% |
4,728,600
+589,916
| +14% | +$17.3M |
|
93
Flutter Entertainment
FLUT
$19.5B
| $114M | 0.07% |
624,478
| – | – |
|
94
NetEase
NTES
$84.1B
| $103M | 0.06% |
1,080,952
+133,826
| +14% | +$12.7M |
|
95
American Express
AXP
$242B
| $96.4M | 0.06% |
416,269
-12,347
| -3% | -$2.86M |
|
96
Itaú Unibanco
ITUB
$93.4B
| $88.9M | 0.05% |
17,253,783
-655,440
| -4% | -$3.59M |
|
97
Liberty Global Class A
LBTYA
$3.69B
| $83.1M | 0.05% |
4,767,561
| – | – |
|
98
Fresenius Medical Care
FMS
$13.1B
| $80.6M | 0.05% |
4,223,110
| – | – |
|
99
Cadence Design Systems
CDNS
$104B
| $80.4M | 0.05% |
261,118
-3,947
| -1% | -$1.17M |
|
100
Union Pacific
UNP
$172B
| $63.9M | 0.04% |
282,582
-609
| -0.2% | -$143K |
|
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