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
|
$1.96B |
| 2 |
Baxter International
BAX
|
$648M |
| 3 |
SBA Communications
SBAC
|
$391M |
| 4 |
Charles Schwab
SCHW
|
$246M |
| 5 |
Humana
HUM
|
$198M |
Top Sells
| 1 |
Truist Financial
TFC
|
$1.11B |
| 2 |
JNPR
Juniper Networks
JNPR
|
$807M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$757M |
| 4 |
Bank of New York Mellon
BK
|
$449M |
| 5 |
State Street
STT
|
$306M |
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 |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Baidu
BIDU
$32.8B
| $621M | 0.35% | 5,894,215 +11,000 | +0.2% | +$1.16M |
|
77
Medtronic
MDT
$119B
| $609M | 0.34% | 6,763,490 -28,065 | -0.4% | -$2.53M |
|
78
Nutrien
NTR
$28B
| $600M | 0.34% | 12,482,459 +283,400 | +2% | +$13.6M |
|
|
JNPR
79
DELISTED
Juniper Networks
JNPR
| $527M | 0.3% | 13,509,238 -20,703,552 | -61% | -$807M |
|
80
TC Energy
TRP
$54.1B
| $521M | 0.29% | 10,953,200 -907,200 | -8% | -$43.1M |
|
81
Coupang
CPNG
$52.1B
| $494M | 0.28% | 20,105,420 +7,991,268 | +66% | +$196M |
|
82
Teck Resources
TECK
$16.7B
| $485M | 0.27% | 9,284,842 -1,269,998 | -12% | -$66.3M |
|
83
Yum China
YUMC
$16.4B
| $481M | 0.27% | 10,684,762 +3,500 | +0% | +$158K |
|
84
Fox Class B
FOX
$24.3B
| $440M | 0.25% | 11,331,015 -35,042 | -0.3% | -$1.36M |
|
85
Occidental Petroleum Corporation Warrants to Purchase Common Stock
OXY.WS
$24B
| $424M | 0.24% | 14,254,370 -15,900 | -0.1% | -$473K |
|
86
Gaming and Leisure Properties
GLPI
$13.6B
| $396M | 0.22% | 7,701,335 +1,176,472 | +18% | +$60.5M |
|
|
87
SBA Communications
SBAC
$22B
| $391M | 0.22% | +1,623,515 | New | +$391M |
|
88
EchoStar
SATS
$17.8B
| $334M | 0.19% | 13,467,353 -96,933 | -0.7% | -$2.41M |
|
89
Brighthouse Financial
BHF
$2.7B
| $300M | 0.17% | 6,669,575 -19,208 | -0.3% | -$865K |
|
90
News Corp Class A
NWSA
$16.6B
| $277M | 0.16% | 10,417,407 -39,775 | -0.4% | -$1.06M |
|
91
NetEase
NTES
$86.2B
| $246M | 0.14% | 2,633,976 +1,553,024 | +144% | +$145M |
|
92
HDFC Bank
HDB
$182B
| $182M | 0.1% | 2,915,300 +551,000 | +23% | +$34.5M |
|
93
Televisa
TV
$1.49B
| $164M | 0.09% | 64,212,690 | – | – |
|
94
Neurocrine Biosciences
NBIX
$13.8B
| $148M | 0.08% | 1,287,820 +7,000 | +0.5% | +$807K |
|
95
Flutter Entertainment
FLUT
$54B
| $148M | 0.08% | 624,478 | – | – |
|
96
Liberty Global Class C
LBTYK
$4.07B
| $144M | 0.08% | 6,682,068 -2,104,700 | -24% | -$45.5M |
|
97
American Express
AXP
$231B
| $111M | 0.06% | 410,665 -5,604 | -1% | -$1.52M |
|
98
Itaú Unibanco
ITUB
$77B
| $103M | 0.06% | 15,562,605 +334,200 | +2% | +$2.22M |
|
99
Liberty Global Class A
LBTYA
$4B
| $101M | 0.06% | 4,767,561 | – | – |
|
100
Fresenius Medical Care
FMS
$15.1B
| $88.9M | 0.05% | 4,173,510 -49,600 | -1% | -$1.06M |
|