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 |
Regeneron Pharmaceuticals
REGN
|
$1.37B |
| 2 |
GE Aerospace
GE
|
$938M |
| 3 |
Meta Platforms (Facebook)
META
|
$881M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
$804M |
| 5 |
UBS Group
UBS
|
$804M |
Top Sells
| 1 |
Bank of America
BAC
|
$1.07B |
| 2 |
Schlumberger
SLB
|
$1.07B |
| 3 |
HES
Hess
HES
|
$1.02B |
| 4 |
HP
HPQ
|
$959M |
| 5 |
Baker Hughes
BKR
|
$724M |
Sector Composition
| 1 | Financials | 23.3% |
| 2 | Healthcare | 17.99% |
| 3 | Technology | 16.88% |
| 4 | Communication Services | 15.05% |
| 5 | Energy | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Halliburton
HAL
$19.4B
| $22.2M | 0.01% | 586,876 -9,337,734 | -94% | -$354M |
|
102
Eli Lilly
LLY
$657B
| $20.8M | 0.01% | 72,713 -8,395 | -10% | -$2.4M |
|
103
Gaming and Leisure Properties
GLPI
$13.6B
| $18.7M | 0.01% | +397,789 | New | +$18.7M |
|
104
Thermo Fisher Scientific
TMO
$186B
| $18.7M | 0.01% | 31,604 | – | – |
|
105
Merck
MRK
$210B
| $16.4M | 0.01% | 200,031 -14,127 | -7% | -$1.16M |
|
106
Procter & Gamble
PG
$368B
| $15.8M | 0.01% | 103,075 -8,700 | -8% | -$1.33M |
|
107
APA Corp
APA
$8.31B
| $15.7M | 0.01% | 380,383 -229,943 | -38% | -$9.5M |
|
108
Walmart
WMT
$774B
| $12.9M | 0.01% | 86,356 -1,809 | -2% | -$269K |
|
|
HES
109
DELISTED
Hess
HES
| $12.5M | 0.01% | 116,360 -9,556,341 | -99% | -$1.02B |
|
110
Adobe
ADBE
$151B
| $12.3M | 0.01% | 27,006 -2,570 | -9% | -$1.17M |
|
111
Home Depot
HD
$405B
| $9M | 0.01% | 30,076 -802 | -3% | -$240K |
|
112
iShares Russell 1000 Value ETF
IWD
$63.5B
| $8.35M | 0.01% | 50,300 +48,300 | +2,415% | +$8.02M |
|
113
Pfizer
PFE
$141B
| $7.55M | ﹤0.01% | 145,885 -8,467 | -5% | -$438K |
|
114
Exxon Mobil
XOM
$487B
| $7.21M | ﹤0.01% | 87,322 -38,774 | -31% | -$3.2M |
|
115
Apple
AAPL
$3.45T
| $7.19M | ﹤0.01% | 41,156 | – | – |
|
116
Caterpillar
CAT
$196B
| $7.02M | ﹤0.01% | 31,507 -450 | -1% | -$100K |
|
117
Analog Devices
ADI
$124B
| $7M | ﹤0.01% | 42,362 -5,519 | -12% | -$912K |
|
118
Vulcan Materials
VMC
$38.5B
| $5.48M | ﹤0.01% | 29,850 -600 | -2% | -$110K |
|
119
Deere & Co
DE
$129B
| $5.46M | ﹤0.01% | 13,136 | – | – |
|
120
Boston Scientific
BSX
$156B
| $5.34M | ﹤0.01% | 120,590 -5,000 | -4% | -$221K |
|
121
Danaher
DHR
$147B
| $5.32M | ﹤0.01% | 18,142 | – | – |
|
122
IBM
IBM
$227B
| $5.27M | ﹤0.01% | 40,564 -3,838 | -9% | -$499K |
|
123
Synopsys
SNPS
$112B
| $5.19M | ﹤0.01% | 15,584 -200 | -1% | -$66.7K |
|
124
Corning
GLW
$57.4B
| $4.87M | ﹤0.01% | 132,002 -3,398 | -3% | -$125K |
|
125
Berkshire Hathaway Class B
BRK.B
$1.09T
| $4.52M | ﹤0.01% | 12,820 | – | – |
|