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
|
$1.25B |
| 2 |
Avantor
AVTR
|
$1.09B |
| 3 |
RTX Corp
RTX
|
$813M |
| 4 |
Zimmer Biomet
ZBH
|
$809M |
| 5 |
Baxter International
BAX
|
$678M |
Top Sells
| 1 |
VMW
VMware, Inc
VMW
|
$3.29B |
| 2 |
UBS Group
UBS
|
$1.38B |
| 3 |
Dell
DELL
|
$821M |
| 4 |
GE Aerospace
GE
|
$697M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$582M |
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 |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Afya
AFYA
$1.38B
| $640K | ﹤0.01% | 29,183 +1,900 | +7% | +$41.7K |
|
177
KE Holdings
BEKE
$20.8B
| $623K | ﹤0.01% | 38,440 +2,100 | +6% | +$34K |
|
178
Blackrock
BLK
$175B
| $609K | ﹤0.01% | 750 | – | – |
|
179
Intercorp Financial Services
IFS
$4.43B
| $593K | ﹤0.01% | +27,010 | New | +$593K |
|
180
PepsiCo
PEP
$204B
| $522K | ﹤0.01% | 3,075 | – | – |
|
181
Elevance Health
ELV
$71.8B
| $519K | ﹤0.01% | 1,100 | – | – |
|
|
NOAH
182
Noah Holdings
NOAH
$824M
| $371K | ﹤0.01% | 26,840 +3,500 | +15% | +$48.3K |
|
183
Allstate
ALL
$53.6B
| $366K | ﹤0.01% | 2,618 | – | – |
|
184
Lockheed Martin
LMT
$106B
| $351K | ﹤0.01% | 775 | – | – |
|
185
Phillips 66
PSX
$54B
| $346K | ﹤0.01% | 2,600 | – | – |
|
186
Zoetis
ZTS
$69.3B
| $336K | ﹤0.01% | 1,700 | – | – |
|
187
PPG Industries
PPG
$25.1B
| $329K | ﹤0.01% | 2,200 | – | – |
|
188
Visa
V
$683B
| $312K | ﹤0.01% | 1,200 | – | – |
|
189
Cintas
CTAS
$84.6B
| $301K | ﹤0.01% | 500 | – | – |
|
190
Rio Tinto
RIO
$102B
| $298K | ﹤0.01% | 4,000 | – | – |
|
|
LOMA
191
Loma Negra
LOMA
$1.09B
| $289K | ﹤0.01% | 40,800 +1,000 | +3% | +$7.09K |
|
192
Veralto
VLTO
$26.4B
| $278K | ﹤0.01% | +3,382 | New | +$278K |
|
193
Petrobras
PBR
$79.9B
| $264K | ﹤0.01% | 16,500 | – | – |
|
194
Becton Dickinson
BDX
$55.3B
| $239K | ﹤0.01% | 980 | – | – |
|
195
Lincoln National
LNC
$8.14B
| $235K | ﹤0.01% | 8,700 -4,267,811 | -100% | -$115M |
|
196
Verizon
VZ
$186B
| $207K | ﹤0.01% | +5,500 | New | +$207K |
|
|
QVCGA
197
QVC Group, Inc. Series A Common Stock
QVCGA
$69.2M
| $19.3K | ﹤0.01% | 22,000 | – | – |
|
|
VMW
198
DELISTED
VMware, Inc
VMW
| – | – | -19,732,814 | Closed | -$3.29B |
|