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 | |
|---|---|---|---|---|---|---|
126
Rio Tinto
RIO
$149B
| $1.12M | ﹤0.01% |
+27,312
| New | +$1.22M |
|
127
Air Products & Chemicals
APD
$65.5B
| $1M | ﹤0.01% |
+11,837
| New | +$995K |
|
|
APC
128
DELISTED
Anadarko Petroleum
APC
| $942K | ﹤0.01% |
+10,964
| New | +$944K |
|
|
LM
129
DELISTED
Legg Mason, Inc.
LM
| $921K | ﹤0.01% |
+29,700
| New | +$971K |
|
130
Altria Group
MO
$120B
| $868K | ﹤0.01% |
+24,800
| New | +$891K |
|
131
Macy's
M
$6.14B
| $853K | ﹤0.01% |
+17,772
| New | +$825K |
|
132
Cemex
CX
$17.7B
| $850K | ﹤0.01% |
+93,948
| New | +$903K |
|
133
Berkshire Hathaway Class A
BRK.A
$1.06T
| $843K | ﹤0.01% |
+5
| New | +$825K |
|
134
Colgate-Palmolive
CL
$72.1B
| $802K | ﹤0.01% |
+14,000
| New | +$831K |
|
135
Apple
AAPL
$4.72T
| $799K | ﹤0.01% |
+56,504
| New | +$869K |
|
136
Loews
L
$23.8B
| $781K | ﹤0.01% |
+17,600
| New | +$788K |
|
137
State Street
STT
$50.6B
| $756K | ﹤0.01% |
+11,600
| New | +$721K |
|
|
CTXS
138
DELISTED
Citrix Systems Inc
CTXS
| $656K | ﹤0.01% |
+13,658
| New | +$705K |
|
139
PepsiCo
PEP
$184B
| $576K | ﹤0.01% |
+7,045
| New | +$575K |
|
140
Sony
SONY
$122B
| $546K | ﹤0.01% |
+128,825
| New | +$484K |
|
141
AT&T
T
$160B
| $545K | ﹤0.01% |
+20,379
| New | +$566K |
|
142
General Mills
GIS
$19B
| $544K | ﹤0.01% |
+11,200
| New | +$551K |
|
143
Norfolk Southern
NSC
$78.3B
| $537K | ﹤0.01% |
+7,397
| New | +$565K |
|
144
Fluor
FLR
$7.44B
| $534K | ﹤0.01% |
+9,005
| New | +$547K |
|
|
DNB
145
DELISTED
Dun & Bradstreet
DNB
| $529K | ﹤0.01% |
+5,425
| New | +$502K |
|
146
Parker-Hannifin
PH
$124B
| $473K | ﹤0.01% |
+4,960
| New | +$465K |
|
|
HES
147
DELISTED
Hess
HES
| $453K | ﹤0.01% |
+6,812
| New | +$471K |
|
148
VF Corp
VFC
$6.49B
| $437K | ﹤0.01% |
+9,622
| New | +$408K |
|
149
Kimberly-Clark
KMB
$35.6B
| $397K | ﹤0.01% |
+4,259
| New | +$411K |
|
150
Halliburton
HAL
$27.3B
| $396K | ﹤0.01% |
+9,500
| New | +$397K |
|
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.