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 |
Air Products & Chemicals
APD
|
+$1.8B |
| 2 |
Baxter International
BAX
|
+$627M |
| 3 |
SBA Communications
SBAC
|
+$360M |
| 4 |
SCHW
Charles Schwab
SCHW
|
+$250M |
| 5 |
Humana
HUM
|
+$223M |
Top Sells
| 1 |
Truist Financial
TFC
|
+$1.09B |
| 2 |
JNPR
Juniper Networks
JNPR
|
+$790M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$766M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$411M |
| 5 |
Wells Fargo
WFC
|
+$301M |
Sector Composition
| 1 | Healthcare | 22.27% |
| 2 | Financials | 19.03% |
| 3 | Industrials | 12.6% |
| 4 | Technology | 12% |
| 5 | Communication Services | 11.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Baidu
BIDU
$38.6B
| $621M | 0.35% |
5,894,215
+11,000
| +0.2% | +$972K |
|
77
Medtronic
MDT
$107B
| $609M | 0.34% |
6,763,490
-28,065
| -0.4% | -$2.36M |
|
78
Nutrien
NTR
$32.4B
| $600M | 0.34% |
12,482,459
+283,400
| +2% | +$13.7M |
|
|
JNPR
79
DELISTED
Juniper Networks
JNPR
| $527M | 0.3% |
13,509,238
-20,703,552
| -61% | -$790M |
|
80
TC Energy
TRP
$70.8B
| $521M | 0.29% |
10,953,200
-907,200
| -8% | -$39.4M |
|
81
Coupang
CPNG
$32.2B
| $494M | 0.28% |
20,105,420
+7,991,268
| +66% | +$178M |
|
82
Teck Resources
TECK
$28.6B
| $485M | 0.27% |
9,284,842
-1,269,998
| -12% | -$60.5M |
|
83
Yum China
YUMC
$15.1B
| $481M | 0.27% |
10,684,762
+3,500
| +0% | +$117K |
|
84
Fox Class B
FOX
$21.1B
| $440M | 0.25% |
11,331,015
-35,042
| -0.3% | -$1.26M |
|
85
Occidental Petroleum Corp Warrants
OXY.WS
$30.9B
| $424M | 0.24% |
14,254,370
-15,900
| -0.1% | -$559K |
|
86
Gaming and Leisure Properties
GLPI
$12.5B
| $396M | 0.22% |
7,701,335
+1,176,472
| +18% | +$58.3M |
|
|
87
SBA Communications
SBAC
$19.8B
| $391M | 0.22% |
+1,623,515
| New | +$360M |
|
|
ECHO
88
EchoStar
ECHO
$26.9B
| $334M | 0.19% |
13,467,353
-96,933
| -0.7% | -$1.98M |
|
89
Brighthouse Financial
BHF
$3.83B
| $300M | 0.17% |
6,669,575
-19,208
| -0.3% | -$863K |
|
90
News Corp Class A
NWSA
$15B
| $277M | 0.16% |
10,417,407
-39,775
| -0.4% | -$1.08M |
|
91
NetEase
NTES
$84.1B
| $246M | 0.14% |
2,633,976
+1,553,024
| +144% | +$136M |
|
92
HDFC Bank
HDB
$136B
| $182M | 0.1% |
5,830,600
+1,102,000
| +23% | +$33.9M |
|
93
Televisa
TV
$1.43B
| $164M | 0.09% |
64,212,690
| – | – |
|
94
Neurocrine Biosciences
NBIX
$17.5B
| $148M | 0.08% |
1,287,820
+7,000
| +0.5% | +$960K |
|
95
Flutter Entertainment
FLUT
$19.5B
| $148M | 0.08% |
624,478
| – | – |
|
96
Liberty Global Class C
LBTYK
$3.56B
| $144M | 0.08% |
6,682,068
-2,104,700
| -24% | -$41.6M |
|
97
American Express
AXP
$242B
| $111M | 0.06% |
410,665
-5,604
| -1% | -$1.4M |
|
98
Itaú Unibanco
ITUB
$93.4B
| $103M | 0.06% |
17,632,431
+378,648
| +2% | +$2.13M |
|
99
Liberty Global Class A
LBTYA
$3.69B
| $101M | 0.06% |
4,767,561
| – | – |
|
100
Fresenius Medical Care
FMS
$13.1B
| $88.9M | 0.05% |
4,173,510
-49,600
| -1% | -$976K |
|
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