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 |
SUNB
Sunbelt Rentals Holdings
SUNB
|
+$3.73B |
| 2 |
Microsoft
MSFT
|
+$1.89B |
| 3 |
Arthur J. Gallagher & Co
AJG
|
+$1.5B |
| 4 |
Roper Technologies
ROP
|
+$1.23B |
| 5 |
Booking.com
BKNG
|
+$1.22B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$1.94B |
| 2 |
GE Aerospace
GE
|
+$1.4B |
| 3 |
Sanofi
SNY
|
+$1.26B |
| 4 |
Norfolk Southern
NSC
|
+$1B |
| 5 |
CVS Health
CVS
|
+$827M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 21.3% |
| 2 | Financials | 19.23% |
| 3 | Industrials | 13.8% |
| 4 | Technology | 11.38% |
| 5 | Communication Services | 10.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Nucor
NUE
$61.8B
| $1.05M | ﹤0.01% |
6,200
| – | – |
|
177
Atour Lifestyle Holdings
ATAT
$4.5B
| $1.04M | ﹤0.01% |
28,152
| – | – |
|
178
Arcos Dorados Holdings
ARCO
$1.71B
| $932K | ﹤0.01% |
112,966
| – | – |
|
179
Pricesmart
PSMT
$5.55B
| $926K | ﹤0.01% |
6,156
| – | – |
|
180
APA Corp
APA
$14B
| $912K | ﹤0.01% |
21,500
-1,000
| -4% | -$30.2K |
|
181
Ambev
ABEV
$43.8B
| $894K | ﹤0.01% |
306,300
+10,000
| +3% | +$28.6K |
|
182
GeoPark
GPRK
$608M
| $884K | ﹤0.01% |
93,045
| – | – |
|
183
Truist Financial
TFC
$64.7B
| $880K | ﹤0.01% |
19,151
| – | – |
|
184
Intercorp Financial Services
IFS
$6.04B
| $873K | ﹤0.01% |
17,391
| – | – |
|
185
Diageo
DEO
$52.8B
| $825K | ﹤0.01% |
11,077
| – | – |
|
|
JBS
186
JBS N.V.
JBS
$43.8B
| $804K | ﹤0.01% |
44,750
+27,800
| +164% | +$433K |
|
|
LOMA
187
Loma Negra
LOMA
$1.11B
| $800K | ﹤0.01% |
72,182
+28,700
| +66% | +$321K |
|
|
Q
188
Qnity Electronics Inc
Q
$29.8B
| $776K | ﹤0.01% |
6,727
-776
| -10% | -$82.4K |
|
189
Afya
AFYA
$1.23B
| $763K | ﹤0.01% |
51,287
+15,900
| +45% | +$231K |
|
190
Laureate Education
LAUR
$5.15B
| $756K | ﹤0.01% |
21,700
+6,000
| +38% | +$205K |
|
191
Blackrock
BLK
$183B
| $684K | ﹤0.01% |
711
| – | – |
|
192
Mondelez International
MDLZ
$81.1B
| $682K | ﹤0.01% |
11,840
| – | – |
|
193
Copa Holdings
CPA
$6.17B
| $682K | ﹤0.01% |
6,000
+2,050
| +52% | +$269K |
|
194
DuPont de Nemours
DD
$19.5B
| $672K | ﹤0.01% |
4,892
-56
| -1% | -$7.72K |
|
195
Ameriprise Financial
AMP
$50.4B
| $667K | ﹤0.01% |
1,500
| – | – |
|
196
Patria Investments
PAX
$1.88B
| $663K | ﹤0.01% |
52,600
+31,400
| +148% | +$442K |
|
197
Petrobras
PBR
$115B
| $647K | ﹤0.01% |
31,200
| – | – |
|
198
NVIDIA
NVDA
$5.46T
| $593K | ﹤0.01% |
3,400
| – | – |
|
199
dLocal
DLO
$4.34B
| $580K | ﹤0.01% |
44,700
+8,000
| +22% | +$104K |
|
200
Allstate
ALL
$65.9B
| $538K | ﹤0.01% |
2,595
| – | – |
|
Similar funds
Dodge & Cox's Q1 2026 Portfolio in Review
As of Q1 2026, Dodge & Cox held 228 positions worth $182B, down 1.8% from $185B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Dodge & Cox's Q1 2026 filing shows 6 new, 50 increased, 110 reduced and 6 closed positions. Its largest new stake was Sunbelt Rentals Holdings: 53,101,847 shares worth $3.46B. The largest sale was FedEx, an estimated $1.94B.
By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 24% a quarter earlier, followed by Financials and Industrials.
- Dodge & Cox's largest Q1 2026 buy was Sunbelt Rentals Holdings: 53,101,847 shares worth $3.46B.
- Dodge & Cox added most to Microsoft in Q1 2026, an estimated $1.89B increase.
- Dodge & Cox's biggest Q1 2026 reduction was FedEx, cutting an estimated $1.94B.
- Dodge & Cox fully exited Amrize Ltd in Q1 2026, selling an estimated $293M.
- Dodge & Cox's ten largest holdings make up 27% of its $182B portfolio in Q1 2026.
- Dodge & Cox opened 6 new positions and closed 6 in Q1 2026.
- Dodge & Cox's portfolio value fell 1.8% quarter-over-quarter to $182B.
Based on Dodge & Cox's 13F filing for Q1 2026, filed 14 May 2026.