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
| Rank | Stock | Value |
|---|---|---|
| 1 |
HP
HPQ
|
+$3.66B |
| 2 |
Novartis
NVS
|
+$3.42B |
| 3 |
GSK
GSK
|
+$3.14B |
| 4 |
SLB Ltd
SLB
|
+$2.94B |
| 5 |
Wells Fargo
WFC
|
+$2.89B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.04% |
| 2 | Technology | 19.2% |
| 3 | Healthcare | 18.06% |
| 4 | Communication Services | 16.19% |
| 5 | Energy | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Motorola Solutions
MSI
$67.6B
| $4.61M | 0.01% |
+79,838
| New | +$4.68M |
|
102
Bristol-Myers Squibb
BMY
$126B
| $3.58M | ﹤0.01% |
+80,121
| New | +$3.48M |
|
|
CMCSK
103
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $3.58M | ﹤0.01% |
+90,261
| New | +$3.58M |
|
104
3M
MMM
$87.5B
| $3.54M | ﹤0.01% |
+38,742
| New | +$3.52M |
|
|
UN
105
DELISTED
Unilever NV New York Registry Shares
UN
| $3.51M | ﹤0.01% |
+89,217
| New | +$3.67M |
|
106
Johnson & Johnson
JNJ
$624B
| $3.33M | ﹤0.01% |
+38,725
| New | +$3.29M |
|
107
Nucor
NUE
$54.9B
| $3.14M | ﹤0.01% |
+72,400
| New | +$3.21M |
|
108
ConocoPhillips
COP
$146B
| $2.81M | ﹤0.01% |
+46,488
| New | +$2.83M |
|
109
Genuine Parts
GPC
$16.5B
| $2.76M | ﹤0.01% |
+35,402
| New | +$2.75M |
|
110
Deere & Co
DE
$165B
| $2.54M | ﹤0.01% |
+31,294
| New | +$2.7M |
|
|
DD
111
DELISTED
Du Pont De Nemours E I
DD
| $2.42M | ﹤0.01% |
+48,462
| New | +$2.45M |
|
112
PNC Financial Services
PNC
$99.4B
| $2.2M | ﹤0.01% |
+30,200
| New | +$2.09M |
|
113
Becton Dickinson
BDX
$42.1B
| $2.02M | ﹤0.01% |
+20,992
| New | +$2M |
|
114
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.96M | ﹤0.01% |
+17,550
| New | +$1.93M |
|
115
Philip Morris
PM
$298B
| $1.84M | ﹤0.01% |
+21,300
| New | +$1.98M |
|
116
Duke Energy
DUK
$101B
| $1.78M | ﹤0.01% |
+26,414
| New | +$1.87M |
|
|
SIAL
117
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $1.77M | ﹤0.01% |
+22,000
| New | +$1.76M |
|
118
Eli Lilly
LLY
$1.06T
| $1.77M | ﹤0.01% |
+35,960
| New | +$1.96M |
|
119
Eaton
ETN
$161B
| $1.64M | ﹤0.01% |
+24,850
| New | +$1.57M |
|
120
AbbVie
ABBV
$454B
| $1.54M | ﹤0.01% |
+37,265
| New | +$1.63M |
|
121
Coca-Cola
KO
$349B
| $1.42M | ﹤0.01% |
+35,442
| New | +$1.47M |
|
122
Honeywell
HON
$78B
| $1.38M | ﹤0.01% |
+19,362
| New | +$1.34M |
|
123
PPG Industries
PPG
$25.3B
| $1.32M | ﹤0.01% |
+18,000
| New | +$1.33M |
|
124
Abbott
ABT
$176B
| $1.3M | ﹤0.01% |
+37,230
| New | +$1.37M |
|
125
NextEra Energy
NEE
$187B
| $1.16M | ﹤0.01% |
+56,796
| New | +$1.13M |
|
Similar funds
Dodge & Cox's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Dodge & Cox, which disclosed 166 positions worth $84.2B. Its ten largest holdings account for 35% of the portfolio.
Its largest position is HP: 358,933,379 shares worth $4.04B.
By sector, the portfolio is most concentrated in Financials at 21% of assets, followed by Technology and Healthcare.
- Dodge & Cox's largest Q2 2013 buy was HP: 358,933,379 shares worth $4.04B.
- Dodge & Cox's ten largest holdings make up 35% of its $84.2B portfolio in Q2 2013.
- Dodge & Cox disclosed 166 positions in Q2 2013, its first 13F filing on record.
Based on Dodge & Cox's 13F filing for Q2 2013, filed 13 Aug 2013.