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 |
UnitedHealth
UNH
|
$1.48B |
| 2 |
Regeneron Pharmaceuticals
REGN
|
$789M |
| 3 |
Teledyne Technologies
TDY
|
$767M |
| 4 |
AMRZ
Amrize Ltd
AMRZ
|
$622M |
| 5 |
Comcast
CMCSA
|
$609M |
Top Sells
| 1 |
Williams Companies
WMB
|
$1.58B |
| 2 |
Cisco
CSCO
|
$1.46B |
| 3 |
GE Aerospace
GE
|
$1.27B |
| 4 |
UBS Group
UBS
|
$913M |
| 5 |
Capital One
COF
|
$728M |
Sector Composition
| 1 | Healthcare | 23.24% |
| 2 | Financials | 18.09% |
| 3 | Industrials | 12.75% |
| 4 | Technology | 11.73% |
| 5 | Communication Services | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
American Express
AXP
$231B
| $114M | 0.06% | 358,414 -15,758 | -4% | -$5.03M |
|
102
Fresenius Medical Care
FMS
$15.1B
| $109M | 0.06% | 3,826,910 -346,600 | -8% | -$9.9M |
|
103
BioNTech
BNTX
$24B
| $93.4M | 0.05% | +877,437 | New | +$93.4M |
|
104
GE Vernova
GEV
$167B
| $85.8M | 0.05% | 162,221 -9,499 | -6% | -$5.03M |
|
105
JPMorgan Chase
JPM
$829B
| $77.6M | 0.04% | 267,683 -9,340 | -3% | -$2.71M |
|
106
Cadence Design Systems
CDNS
$95.5B
| $76M | 0.04% | 246,472 -943 | -0.4% | -$291K |
|
|
107
Williams Companies
WMB
$70.7B
| $71.3M | 0.04% | 1,134,547 -25,124,576 | -96% | -$1.58B |
|
108
Liberty Global Class C
LBTYK
$4.07B
| $68.9M | 0.04% | 6,682,068 | – | – |
|
109
Union Pacific
UNP
$133B
| $63.4M | 0.04% | 275,441 -521 | -0.2% | -$120K |
|
110
Liberty Global Class A
LBTYA
$4B
| $47.7M | 0.03% | 4,767,561 | – | – |
|
|
111
Cisco
CSCO
$274B
| $43.1M | 0.02% | 621,455 -21,101,261 | -97% | -$1.46B |
|
112
Walt Disney
DIS
$213B
| $36.2M | 0.02% | 292,103 -4,275 | -1% | -$530K |
|
113
Eli Lilly
LLY
$657B
| $35M | 0.02% | 44,957 -129 | -0.3% | -$101K |
|
114
Travelers Companies
TRV
$61.1B
| $27.8M | 0.02% | 103,926 -2,851 | -3% | -$763K |
|
115
Chevron
CVX
$324B
| $26M | 0.01% | 181,857 -860 | -0.5% | -$123K |
|
116
TSMC
TSM
$1.2T
| $24.4M | 0.01% | 107,800 +300 | +0.3% | +$67.9K |
|
117
Schlumberger
SLB
$55B
| $19.1M | 0.01% | 566,284 -41,125 | -7% | -$1.39M |
|
118
Walmart
WMT
$774B
| $17.5M | 0.01% | 179,085 -1,200 | -0.7% | -$117K |
|
119
Caterpillar
CAT
$196B
| $16.3M | 0.01% | 41,921 -30 | -0.1% | -$11.6K |
|
120
Procter & Gamble
PG
$368B
| $15M | 0.01% | 94,301 -75 | -0.1% | -$11.9K |
|
121
IBM
IBM
$227B
| $14.2M | 0.01% | 48,071 +14,172 | +42% | +$4.18M |
|
|
NESR
122
National Energy Services Reunited Corp. Ordinary Shares
NESR
$935M
| $12.9M | 0.01% | 2,136,794 +1,428,200 | +202% | +$8.6M |
|
123
Merck
MRK
$210B
| $12.5M | 0.01% | 157,300 +231 | +0.1% | +$18.3K |
|
124
Target
TGT
$43.6B
| $10.8M | 0.01% | 109,909 -3,700 | -3% | -$365K |
|
125
Thermo Fisher Scientific
TMO
$186B
| $10.5M | 0.01% | 25,941 -165 | -0.6% | -$66.9K |
|