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 |
International Flavors & Fragrances
IFF
|
+$1.12B |
| 2 |
Avantor
AVTR
|
+$981M |
| 3 |
RTX Corp
RTX
|
+$764M |
| 4 |
Zimmer Biomet
ZBH
|
+$742M |
| 5 |
Baxter International
BAX
|
+$620M |
Top Sells
| 1 |
VMW
VMware, Inc
VMW
|
+$3.29B |
| 2 |
UBS Group
UBS
|
+$1.17B |
| 3 |
Dell
DELL
|
+$758M |
| 4 |
GE Aerospace
GE
|
+$634M |
| 5 |
Occidental Petroleum
OXY
|
+$577M |
Sector Composition
| 1 | Financials | 22.64% |
| 2 | Healthcare | 20.84% |
| 3 | Technology | 13.51% |
| 4 | Communication Services | 11.87% |
| 5 | Industrials | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
JPMorgan Chase
JPM
$896B
| $55.4M | 0.04% |
325,535
-4,975
| -2% | -$754K |
|
102
SLB Ltd
SLB
$70.8B
| $40.8M | 0.03% |
784,397
-50,750
| -6% | -$2.76M |
|
103
HDFC Bank
HDB
$136B
| $37.7M | 0.02% |
+1,122,938
| New | +$33.9M |
|
104
Eli Lilly
LLY
$1.05T
| $31.5M | 0.02% |
54,029
-961
| -2% | -$561K |
|
105
Walt Disney
DIS
$167B
| $28.7M | 0.02% |
317,734
-20,694
| -6% | -$1.82M |
|
106
Chevron
CVX
$363B
| $28M | 0.02% |
188,025
-3,013
| -2% | -$456K |
|
107
ICICI Bank
IBN
$105B
| $23.9M | 0.02% |
1,002,500
-797,800
| -44% | -$18.4M |
|
108
Travelers Companies
TRV
$72.6B
| $21.7M | 0.01% |
113,770
-50
| -0% | -$8.66K |
|
|
109
Dell
DELL
$276B
| $18.7M | 0.01% |
243,897
-10,730,269
| -98% | -$758M |
|
110
Merck
MRK
$306B
| $17.5M | 0.01% |
160,945
-2,850
| -2% | -$296K |
|
111
Target
TGT
$61.2B
| $17M | 0.01% |
119,224
-4,300
| -3% | -$525K |
|
112
Thermo Fisher Scientific
TMO
$196B
| $14.4M | 0.01% |
27,173
| – | – |
|
113
Procter & Gamble
PG
$345B
| $14.2M | 0.01% |
97,038
| – | – |
|
114
Adobe
ADBE
$91.7B
| $13.2M | 0.01% |
22,070
-74
| -0.3% | -$42.7K |
|
115
Caterpillar
CAT
$429B
| $12.5M | 0.01% |
42,379
| – | – |
|
116
Walmart Inc
WMT
$913B
| $11M | 0.01% |
209,460
-5,850
| -3% | -$310K |
|
117
AstraZeneca
AZN
$263B
| $10.5M | 0.01% |
77,838
-825
| -1% | -$107K |
|
118
Home Depot
HD
$336B
| $8.77M | 0.01% |
25,317
-50
| -0.2% | -$15.5K |
|
119
ExxonMobil
XOM
$599B
| $8.07M | 0.01% |
80,682
-253
| -0.3% | -$26.6K |
|
|
HES
120
DELISTED
Hess
HES
| $6.94M | ﹤0.01% |
48,150
-3,182
| -6% | -$466K |
|
121
Analog Devices
ADI
$188B
| $6.87M | ﹤0.01% |
34,585
-239
| -0.7% | -$42.7K |
|
122
TSMC
TSM
$2.19T
| $6.4M | ﹤0.01% |
+61,500
| New | +$5.87M |
|
123
Synopsys
SNPS
$83.1B
| $5.95M | ﹤0.01% |
11,550
-600
| -5% | -$307K |
|
124
Vulcan Materials
VMC
$38B
| $5.72M | ﹤0.01% |
25,200
| – | – |
|
125
IBM
IBM
$273B
| $5.72M | ﹤0.01% |
34,970
-215
| -0.6% | -$32.5K |
|
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