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 |
Charter Communications
CHTR
|
+$2.44B |
| 2 |
APC
Anadarko Petroleum
APC
|
+$467M |
| 3 |
MetLife
MET
|
+$358M |
| 4 |
Union Pacific
UNP
|
+$248M |
| 5 |
JD.com
JD
|
+$240M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$3.73B |
| 2 |
ADT
ADT Corp
ADT
|
+$843M |
| 3 |
SLB Ltd
SLB
|
+$614M |
| 4 |
Teck Resources
TECK
|
+$442M |
| 5 |
EMC
EMC CORPORATION
EMC
|
+$432M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.42% |
| 2 | Technology | 21.75% |
| 3 | Communication Services | 16.84% |
| 4 | Healthcare | 15.78% |
| 5 | Energy | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Caterpillar
CAT
$376B
| $4.36M | ﹤0.01% |
57,448
-100
| -0.2% | -$7.49K |
|
102
Johnson & Johnson
JNJ
$640B
| $4.27M | ﹤0.01% |
35,185
+377
| +1% | +$42.8K |
|
103
3M
MMM
$92.2B
| $3.98M | ﹤0.01% |
27,198
-60
| -0.2% | -$8.46K |
|
104
Nucor
NUE
$57.3B
| $3.58M | ﹤0.01% |
72,400
| – | – |
|
105
Unilever
UL
$139B
| $3.26M | ﹤0.01% |
60,533
-37,606
| -38% | -$1.93M |
|
106
CarMax
KMX
$8.89B
| $3.21M | ﹤0.01% |
65,540
-8,100
| -11% | -$416K |
|
107
McDonald's
MCD
$184B
| $2.97M | ﹤0.01% |
24,656
-850
| -3% | -$106K |
|
|
UN
108
DELISTED
Unilever NV New York Registry Shares
UN
| $2.89M | ﹤0.01% |
61,547
-1,900
| -3% | -$85.1K |
|
109
Berkshire Hathaway Class B
BRK.B
$1.08T
| $2.58M | ﹤0.01% |
17,789
+1,589
| +10% | +$227K |
|
110
Apple
AAPL
$4.59T
| $2.45M | ﹤0.01% |
102,616
+5,012
| +5% | +$125K |
|
111
Becton Dickinson
BDX
$51.2B
| $2.35M | ﹤0.01% |
14,176
-1,127
| -7% | -$180K |
|
112
Chubb
CB
$131B
| $2.33M | ﹤0.01% |
17,846
-9,455
| -35% | -$1.17M |
|
113
Eli Lilly
LLY
$1.05T
| $2.31M | ﹤0.01% |
29,332
-1,860
| -6% | -$140K |
|
114
Genuine Parts
GPC
$18.8B
| $2.22M | ﹤0.01% |
21,962
-1,600
| -7% | -$155K |
|
115
Deere & Co
DE
$168B
| $2.17M | ﹤0.01% |
26,766
-50
| -0.2% | -$4.1K |
|
|
DD
116
DELISTED
Du Pont De Nemours E I
DD
| $2.11M | ﹤0.01% |
32,556
-2,310
| -7% | -$152K |
|
117
AbbVie
ABBV
$456B
| $2.06M | ﹤0.01% |
33,232
| – | – |
|
118
Philip Morris
PM
$297B
| $2.02M | ﹤0.01% |
19,900
| – | – |
|
|
CSC
119
DELISTED
Computer Sciences
CSC
| $2.02M | ﹤0.01% |
40,700
-2,700
| -6% | -$109K |
|
120
S&P Global
SPGI
$128B
| $1.95M | ﹤0.01% |
+18,171
| New | +$1.95M |
|
121
GSK
GSK
$101B
| $1.92M | ﹤0.01% |
35,410
-29,600
| -46% | -$1.56M |
|
122
PPG Industries
PPG
$25.2B
| $1.88M | ﹤0.01% |
18,000
| – | – |
|
123
PNC Financial Services
PNC
$97.1B
| $1.69M | ﹤0.01% |
20,800
| – | – |
|
124
Altria Group
MO
$113B
| $1.64M | ﹤0.01% |
23,800
| – | – |
|
125
Coca-Cola
KO
$383B
| $1.55M | ﹤0.01% |
34,242
| – | – |
|
Similar funds
Dodge & Cox's Q2 2016 Portfolio in Review
As of Q2 2016, Dodge & Cox held 196 positions worth $101B, down 0.95% from $102B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Dodge & Cox's Q2 2016 filing shows 5 new, 37 increased, 102 reduced and 21 closed positions. Its largest new stake was Charter Communications: 11,347,398 shares worth $2.59B. The largest sale was TIME WARNER CABLE INC NEW COM STK, an estimated $3.73B.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 22% a quarter earlier, followed by Technology and Communication Services.
- Dodge & Cox's largest Q2 2016 buy was Charter Communications: 11,347,398 shares worth $2.59B.
- Dodge & Cox added most to Anadarko Petroleum in Q2 2016, an estimated $467M increase.
- Dodge & Cox's biggest Q2 2016 reduction was SLB Ltd, cutting an estimated $614M.
- Dodge & Cox fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $3.73B.
- Dodge & Cox's ten largest holdings make up 32% of its $101B portfolio in Q2 2016.
- Dodge & Cox opened 5 new positions and closed 21 in Q2 2016.
- Dodge & Cox's portfolio value fell 0.95% quarter-over-quarter to $101B.
Based on Dodge & Cox's 13F filing for Q2 2016, filed 12 Aug 2016.