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 | +$1.48B | |
| 2 | +$789M | |
| 3 | +$767M | |
| 4 |
AMRZ
Amrize Ltd
AMRZ
|
+$622M |
| 5 |
Comcast
CMCSA
|
+$609M |
Top Sells
| 1 | +$1.58B | |
| 2 | +$1.46B | |
| 3 | +$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 |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
American Express
AXP
$230B
| $114M | 0.06% |
358,414
-15,758
|
|
||
102
Fresenius Medical Care
FMS
$15.6B
| $109M | 0.06% |
3,826,910
-346,600
|
|
||
103
BioNTech
BNTX
$25.1B
| $93.4M | 0.05% |
+877,437
|
|
||
104
GE Vernova
GEV
$168B
| $85.8M | 0.05% |
162,221
-9,499
|
|
||
105
JPMorgan Chase
JPM
$832B
| $77.6M | 0.04% |
267,683
-9,340
|
|
||
106
Cadence Design Systems
CDNS
$88.3B
| $76M | 0.04% |
246,472
-943
|
|
||
107
Williams Companies
WMB
$77.9B
| $71.3M | 0.04% |
1,134,547
-25,124,576
|
|
||
108
Liberty Global Class C
LBTYK
$3.82B
| $68.9M | 0.04% |
6,682,068
|
|
||
109
Union Pacific
UNP
$134B
| $63.4M | 0.04% |
275,441
-521
|
|
||
110
Liberty Global Class A
LBTYA
$3.77B
| $47.7M | 0.03% |
4,767,561
|
|
||
111
Cisco
CSCO
$275B
| $43.1M | 0.02% |
621,455
-21,101,261
|
|
||
112
Walt Disney
DIS
$201B
| $36.2M | 0.02% |
292,103
-4,275
|
|
||
113
Eli Lilly
LLY
$741B
| $35M | 0.02% |
44,957
-129
|
|
||
114
Travelers Companies
TRV
$60.7B
| $27.8M | 0.02% |
103,926
-2,851
|
|
||
115
Chevron
CVX
$306B
| $26M | 0.01% |
181,857
-860
|
|
||
116
TSMC
TSM
$1.58T
| $24.4M | 0.01% |
107,800
+300
|
|
||
117
SLB Limited
SLB
$48.7B
| $19.1M | 0.01% |
566,284
-41,125
|
|
||
118
Walmart
WMT
$869B
| $17.5M | 0.01% |
179,085
-1,200
|
|
||
119
Caterpillar
CAT
$250B
| $16.3M | 0.01% |
41,921
-30
|
|
||
120
Procter & Gamble
PG
$345B
| $15M | 0.01% |
94,301
-75
|
|
||
121
IBM
IBM
$262B
| $14.2M | 0.01% |
48,071
+14,172
|
|
||
|
NESR
122
National Energy Services Reunited Corp
NESR
$1.04B
| $12.9M | 0.01% |
2,136,794
+1,428,200
|
|
||
123
Merck
MRK
$210B
| $12.5M | 0.01% |
157,300
+231
|
|
||
124
Target
TGT
$41.3B
| $10.8M | 0.01% |
109,909
-3,700
|
|
||
125
Thermo Fisher Scientific
TMO
$199B
| $10.5M | 0.01% |
25,941
-165
|
|