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 |
BioMarin Pharmaceuticals
BMRN
|
$371M |
| 2 |
FedEx
FDX
|
$339M |
| 3 |
UnitedHealth
UNH
|
$303M |
| 4 |
Charles Schwab
SCHW
|
$225M |
| 5 |
Baidu
BIDU
|
$214M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
$1.01B |
| 2 |
AstraZeneca
AZN
|
$542M |
| 3 |
Johnson Controls International
JCI
|
$386M |
| 4 |
Capital One
COF
|
$201M |
| 5 |
TE Connectivity
TEL
|
$169M |
Sector Composition
| 1 | Financials | 25.13% |
| 2 | Healthcare | 18.68% |
| 3 | Technology | 14.5% |
| 4 | Communication Services | 13.82% |
| 5 | Energy | 10.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
RDS.A
101
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $7.62M | 0.01% | 129,268 | – | – |
|
102
Vulcan Materials
VMC
$38.5B
| $6.41M | ﹤0.01% | 44,500 | – | – |
|
103
Caterpillar
CAT
$196B
| $6.38M | ﹤0.01% | 43,207 -174 | -0.4% | -$25.7K |
|
104
US Bancorp
USB
$76B
| $5.6M | ﹤0.01% | 94,421 | – | – |
|
105
NetApp
NTAP
$22.6B
| $5.58M | ﹤0.01% | 89,600 -1,800 | -2% | -$112K |
|
106
Amgen
AMGN
$155B
| $5.15M | ﹤0.01% | 21,372 -25 | -0.1% | -$6.03K |
|
107
PayPal
PYPL
$67.1B
| $4.75M | ﹤0.01% | 43,921 | – | – |
|
108
Ericsson
ERIC
$26.2B
| $4.32M | ﹤0.01% | 492,517 -91,771 | -16% | -$806K |
|
|
CS
109
DELISTED
Credit Suisse Group
CS
| $4.29M | ﹤0.01% | 318,761 -8,443 | -3% | -$114K |
|
110
America Movil
AMX
$60.3B
| $4.09M | ﹤0.01% | 255,400 | – | – |
|
111
Johnson & Johnson
JNJ
$427B
| $3.93M | ﹤0.01% | 26,940 -2,482 | -8% | -$362K |
|
112
DuPont de Nemours
DD
$32.2B
| $3.89M | ﹤0.01% | 60,611 -2,689 | -4% | -$173K |
|
113
Danaher
DHR
$147B
| $3.61M | ﹤0.01% | 23,510 -3,100 | -12% | -$476K |
|
114
Dow Inc
DOW
$17.5B
| $3.41M | ﹤0.01% | 62,353 -2,592 | -4% | -$142K |
|
115
Apple
AAPL
$3.45T
| $3.22M | ﹤0.01% | 10,951 -225 | -2% | -$66.1K |
|
116
Deere & Co
DE
$129B
| $3.15M | ﹤0.01% | 18,189 -375 | -2% | -$65K |
|
117
PNC Financial Services
PNC
$81.7B
| $2.98M | ﹤0.01% | 18,680 | – | – |
|
118
Diageo
DEO
$62.1B
| $2.95M | ﹤0.01% | 17,511 -540 | -3% | -$90.9K |
|
119
McDonald's
MCD
$224B
| $2.95M | ﹤0.01% | 14,913 | – | – |
|
120
Berkshire Hathaway Class B
BRK.B
$1.09T
| $2.94M | ﹤0.01% | 12,970 | – | – |
|
121
3M
MMM
$82.8B
| $2.89M | ﹤0.01% | 16,371 | – | – |
|
|
UN
122
DELISTED
Unilever NV New York Registry Shares
UN
| $2.6M | ﹤0.01% | 45,171 | – | – |
|
|
VMW
123
DELISTED
VMware, Inc
VMW
| $2.35M | ﹤0.01% | 15,500 -100 | -0.6% | -$15.2K |
|
124
Synopsys
SNPS
$112B
| $2.35M | ﹤0.01% | 16,850 -2,000 | -11% | -$278K |
|
125
DXC Technology
DXC
$2.59B
| $2.28M | ﹤0.01% | 60,672 -3,193 | -5% | -$120K |
|