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
|
$1.34B |
| 2 |
SBA Communications
SBAC
|
$1.17B |
| 3 |
Avantor
AVTR
|
$647M |
| 4 |
Fortive
FTV
|
$583M |
| 5 |
Celanese
CE
|
$472M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$1.29B |
| 2 |
Wells Fargo
WFC
|
$1.16B |
| 3 |
Truist Financial
TFC
|
$1.11B |
| 4 |
Bank of America
BAC
|
$973M |
| 5 |
Goldman Sachs
GS
|
$864M |
Sector Composition
| 1 | Healthcare | 21.28% |
| 2 | Financials | 18.77% |
| 3 | Industrials | 12.45% |
| 4 | Technology | 12.31% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
JD.com
JD
$44.1B
| $580M | 0.34% | 16,723,441 -5,759,008 | -26% | -$200M |
|
77
Nutrien
NTR
$28B
| $560M | 0.33% | 12,523,259 +40,800 | +0.3% | +$1.83M |
|
78
Linde
LIN
$224B
| $557M | 0.32% | 1,329,590 +2,600 | +0.2% | +$1.09M |
|
79
Fox Class B
FOX
$24.3B
| $519M | 0.3% | 11,341,200 +10,185 | +0.1% | +$466K |
|
80
XP
XP
$9.56B
| $511M | 0.3% | 43,153,245 +8,291,500 | +24% | +$98.3M |
|
81
TC Energy
TRP
$54.1B
| $510M | 0.3% | 10,953,200 | – | – |
|
82
Baidu
BIDU
$32.8B
| $499M | 0.29% | 5,916,215 +22,000 | +0.4% | +$1.85M |
|
83
Coupang
CPNG
$52.1B
| $445M | 0.26% | 20,229,320 +123,900 | +0.6% | +$2.72M |
|
84
Neurocrine Biosciences
NBIX
$13.8B
| $412M | 0.24% | 3,016,425 +1,728,605 | +134% | +$236M |
|
85
Yum China
YUMC
$16.4B
| $410M | 0.24% | 8,512,162 -2,172,600 | -20% | -$105M |
|
86
Occidental Petroleum Corporation Warrants to Purchase Common Stock
OXY.WS
$24B
| $393M | 0.23% | 14,252,820 -1,550 | -0% | -$42.7K |
|
87
Teck Resources
TECK
$16.7B
| $347M | 0.2% | 8,558,940 -725,902 | -8% | -$29.4M |
|
88
News Corp Class A
NWSA
$16.6B
| $321M | 0.19% | 11,662,685 +1,245,278 | +12% | +$34.3M |
|
89
Brighthouse Financial
BHF
$2.7B
| $320M | 0.19% | 6,669,575 | – | – |
|
90
EchoStar
SATS
$17.8B
| $307M | 0.18% | 13,416,003 -51,350 | -0.4% | -$1.18M |
|
91
Cemex
CX
$13.2B
| $280M | 0.16% | 49,622,009 +48,942,309 | +7,201% | +$276M |
|
92
NetEase
NTES
$86.2B
| $236M | 0.14% | 2,649,876 +15,900 | +0.6% | +$1.42M |
|
93
HDFC Bank
HDB
$182B
| $209M | 0.12% | 3,271,600 +356,300 | +12% | +$22.8M |
|
94
Flutter Entertainment
FLUT
$54B
| $163M | 0.09% | 628,878 +4,400 | +0.7% | +$1.14M |
|
95
LPL Financial
LPLA
$29.2B
| $153M | 0.09% | 470,109 +454,553 | +2,922% | +$148M |
|
96
American Express
AXP
$231B
| $119M | 0.07% | 399,340 -11,325 | -3% | -$3.36M |
|
97
Televisa
TV
$1.49B
| $108M | 0.06% | 64,212,690 | – | – |
|
|
SNRE
98
DELISTED
Sunrise Communications AG American Depositary Shares representing Class A shares
SNRE
| $98.6M | 0.06% | +2,289,925 | New | +$98.6M |
|
99
Fresenius Medical Care
FMS
$15.1B
| $94.5M | 0.06% | 4,173,510 | – | – |
|
100
Liberty Global Class C
LBTYK
$4.07B
| $87.8M | 0.05% | 6,682,068 | – | – |
|