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 | |
|---|---|---|---|---|---|---|
126
NextEra Energy
NEE
$174B
| $1.39M | ﹤0.01% |
42,704
-1,416
| -3% | -$42.5K |
|
127
ConocoPhillips
COP
$156B
| $1.17M | ﹤0.01% |
26,788
-1,900
| -7% | -$83.8K |
|
128
Abbott
ABT
$193B
| $1.15M | ﹤0.01% |
29,268
| – | – |
|
|
CSRA
129
DELISTED
CSRA Inc.
CSRA
| $1.14M | ﹤0.01% |
48,500
-5,100
| -10% | -$128K |
|
130
Duke Energy
DUK
$94.2B
| $1.11M | ﹤0.01% |
12,979
-1,316
| -9% | -$105K |
|
131
Colgate-Palmolive
CL
$72.5B
| $1.02M | ﹤0.01% |
14,000
-421
| -3% | -$30K |
|
132
Air Products & Chemicals
APD
$68B
| $888K | ﹤0.01% |
6,756
-75
| -1% | -$9.99K |
|
133
Honeywell
HON
$69.9B
| $876K | ﹤0.01% |
8,381
-5,008
| -37% | -$515K |
|
134
Philips
PHG
$26.3B
| $869K | ﹤0.01% |
47,067
-16,854
| -26% | -$326K |
|
135
General Mills
GIS
$21.6B
| $799K | ﹤0.01% |
11,200
-492
| -4% | -$31.3K |
|
136
Amazon
AMZN
$2.76T
| $755K | ﹤0.01% |
21,100
+3,300
| +19% | +$112K |
|
|
LVNTA
137
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $735K | ﹤0.01% |
19,837
-1,208
| -6% | -$45.9K |
|
|
WBA
138
DELISTED
Walgreens Boots Alliance
WBA
| $714K | ﹤0.01% |
8,579
| – | – |
|
139
Visa
V
$709B
| $711K | ﹤0.01% |
9,580
+700
| +8% | +$54.8K |
|
140
PepsiCo
PEP
$191B
| $662K | ﹤0.01% |
6,245
-94
| -1% | -$9.7K |
|
|
DNB
141
DELISTED
Dun & Bradstreet
DNB
| $661K | ﹤0.01% |
5,425
| – | – |
|
|
CTXS
142
DELISTED
Citrix Systems Inc
CTXS
| $659K | ﹤0.01% |
10,330
-1,005
| -9% | -$66.1K |
|
143
Berkshire Hathaway Class A
BRK.A
$1.08T
| $651K | ﹤0.01% |
3
| – | – |
|
144
Phillips 66
PSX
$95.7B
| $609K | ﹤0.01% |
7,677
-600
| -7% | -$49K |
|
145
Kimberly-Clark
KMB
$36.6B
| $553K | ﹤0.01% |
4,023
| – | – |
|
146
Mondelez International
MDLZ
$79.7B
| $539K | ﹤0.01% |
11,840
| – | – |
|
147
Parker-Hannifin
PH
$127B
| $504K | ﹤0.01% |
4,668
| – | – |
|
148
Rio Tinto
RIO
$170B
| $470K | ﹤0.01% |
15,000
-800
| -5% | -$23.9K |
|
149
Norfolk Southern
NSC
$78.1B
| $468K | ﹤0.01% |
5,497
-1,000
| -15% | -$85K |
|
150
Halliburton
HAL
$29.6B
| $417K | ﹤0.01% |
9,200
| – | – |
|
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.