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
|
+$672M |
| 2 |
UBS Group
UBS
|
+$647M |
| 3 |
Cisco
CSCO
|
+$627M |
| 4 |
SLB Ltd
SLB
|
+$418M |
| 5 |
PayPal
PYPL
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$972M |
| 2 |
Chevron
CVX
|
+$904M |
| 3 |
GSK
GSK
|
+$511M |
| 4 |
STI
SunTrust Banks, Inc.
STI
|
+$501M |
| 5 |
UnitedHealth
UNH
|
+$433M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.11% |
| 2 | Technology | 21.96% |
| 3 | Communication Services | 17.58% |
| 4 | Healthcare | 16.13% |
| 5 | Energy | 10.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UFS
176
DELISTED
DOMTAR CORPORATION (New)
UFS
| $236K | ﹤0.01% |
6,612
| – | – |
|
|
YHOO
177
DELISTED
Yahoo Inc
YHOO
| $231K | ﹤0.01% |
8,000
| – | – |
|
178
Allstate
ALL
$65.2B
| $227K | ﹤0.01% |
3,896
-70
| -2% | -$4.38K |
|
179
Toyota
TM
$232B
| $226K | ﹤0.01% |
1,930
| – | – |
|
|
HES
180
DELISTED
Hess
HES
| $221K | ﹤0.01% |
4,406
-600
| -12% | -$34.3K |
|
181
Automatic Data Processing
ADP
$113B
| $211K | ﹤0.01% |
2,620
| – | – |
|
182
Cemex
CX
$15.8B
| $210K | ﹤0.01% |
32,448
-13,196
| -29% | -$97.9K |
|
183
Loews
L
$22.6B
| $210K | ﹤0.01% |
5,800
-300
| -5% | -$11.2K |
|
|
CRC
184
DELISTED
California Resources Corporation
CRC
| $166K | ﹤0.01% |
6,403
-304
| -5% | -$11.9K |
|
185
Baxter International
BAX
$13.4B
| – | – |
-6,226
| Closed | -$237K |
|
|
CTRA
186
DELISTED
Coterra Energy
CTRA
| – | – |
-7,360
| Closed | -$232K |
|
187
NVR
NVR
$17B
| – | – |
-86,051
| Closed | -$115M |
|
|
ENDP
188
DELISTED
Endo International plc
ENDP
| – | – |
-2,560
| Closed | -$204K |
|
|
KRFT
189
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| – | – |
-3,946
| Closed | -$336K |
|
Similar funds
Dodge & Cox's Q3 2015 Portfolio in Review
As of Q3 2015, Dodge & Cox held 189 positions worth $99.4B, down 10% from $111B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Dodge & Cox's Q3 2015 filing shows 9 new, 45 increased, 83 reduced and 5 closed positions. Its largest new stake was UBS Group: 30,534,700 shares worth $566M. The largest sale was eBay, an estimated $972M.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 22% a quarter earlier, followed by Technology and Communication Services.
- Dodge & Cox's largest Q3 2015 buy was UBS Group: 30,534,700 shares worth $566M.
- Dodge & Cox added most to HP in Q3 2015, an estimated $672M increase.
- Dodge & Cox's biggest Q3 2015 reduction was eBay, cutting an estimated $972M.
- Dodge & Cox fully exited NVR in Q3 2015, selling an estimated $115M.
- Dodge & Cox's ten largest holdings make up 36% of its $99.4B portfolio in Q3 2015.
- Dodge & Cox opened 9 new positions and closed 5 in Q3 2015.
- Dodge & Cox's portfolio value fell 10% quarter-over-quarter to $99.4B.
Based on Dodge & Cox's 13F filing for Q3 2015, filed 12 Nov 2015.