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 |
Wells Fargo
WFC
|
$649M |
| 2 |
RTX Corp
RTX
|
$602M |
| 3 |
BioMarin Pharmaceuticals
BMRN
|
$312M |
| 4 |
Bank of New York Mellon
BK
|
$272M |
| 5 |
Williams Companies
WMB
|
$252M |
Top Sells
| 1 |
FedEx
FDX
|
$2.42B |
| 2 |
Microsoft
MSFT
|
$532M |
| 3 |
Goldman Sachs
GS
|
$470M |
| 4 |
Microchip Technology
MCHP
|
$438M |
| 5 |
Booking.com
BKNG
|
$400M |
Sector Composition
| 1 | Financials | 24.97% |
| 2 | Technology | 18.56% |
| 3 | Healthcare | 15.26% |
| 4 | Communication Services | 15% |
| 5 | Industrials | 10.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Equinix
EQIX
$76.9B
| $293K | ﹤0.01% | 385 | – | – |
|
177
Unilever
UL
$155B
| $278K | ﹤0.01% | 4,500 -200 | -4% | -$12.4K |
|
178
Baxter International
BAX
$12.7B
| $272K | ﹤0.01% | 3,382 | – | – |
|
179
PPG Industries
PPG
$25.1B
| $269K | ﹤0.01% | 2,200 | – | – |
|
180
Fortive
FTV
$16.2B
| $232K | ﹤0.01% | 3,050 | – | – |
|
181
DXC Technology
DXC
$2.59B
| $224K | ﹤0.01% | 12,552 -16,732 | -57% | -$299K |
|
182
Phillips 66
PSX
$54B
| $218K | ﹤0.01% | 4,200 | – | – |
|
183
Stryker
SYK
$150B
| $200K | ﹤0.01% | +960 | New | +$200K |
|
184
Blackstone
BX
$134B
| – | – | -4,420 | Closed | -$250K |
|
185
Citigroup
C
$178B
| – | – | -6,055 | Closed | -$309K |
|
186
Chubb
CB
$110B
| – | – | -1,697 | Closed | -$215K |
|
187
Cogent Communications
CCOI
$1.88B
| – | – | -2,990 | Closed | -$231K |
|
188
Salesforce
CRM
$245B
| – | – | -1,225 | Closed | -$229K |
|
189
Fidelity National Information Services
FIS
$36.5B
| – | – | -2,225 | Closed | -$298K |
|
190
Intel
INTC
$107B
| – | – | -4,625 | Closed | -$277K |
|
191
IQVIA
IQV
$32.4B
| – | – | -1,775 | Closed | -$252K |
|
192
Kimberly-Clark
KMB
$42.8B
| – | – | -3,863 | Closed | -$546K |
|
193
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.5B
| – | – | -1,446,276 | Closed | -$195M |
|
194
Nike
NKE
$114B
| – | – | -2,680 | Closed | -$263K |
|
195
Texas Instruments
TXN
$184B
| – | – | -2,945 | Closed | -$374K |
|
|
TMUSR
196
DELISTED
T-Mobile US, Inc. Subscription Rights Expiring 7/27/2020
TMUSR
| – | – | -3,254,282 | Closed | -$546K |
|