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
|
+$3.66B |
| 2 |
Novartis
NVS
|
+$3.42B |
| 3 |
GSK
GSK
|
+$3.14B |
| 4 |
SLB Ltd
SLB
|
+$2.94B |
| 5 |
Wells Fargo
WFC
|
+$2.89B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.04% |
| 2 | Technology | 19.2% |
| 3 | Healthcare | 18.06% |
| 4 | Communication Services | 16.19% |
| 5 | Energy | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
HP
HPQ
$22.6B
| $4.04B | 4.8% |
+358,933,379
| New | +$3.66B |
|
|
2
Novartis
NVS
$296B
| $3.33B | 3.96% |
+52,622,170
| New | +$3.42B |
|
|
3
GSK
GSK
$101B
| $3.09B | 3.68% |
+49,548,767
| New | +$3.14B |
|
|
4
Wells Fargo
WFC
$260B
| $3.06B | 3.63% |
+74,139,268
| New | +$2.89B |
|
5
Capital One
COF
$121B
| $3.03B | 3.6% |
+48,210,515
| New | +$2.84B |
|
|
6
SLB Ltd
SLB
$71.2B
| $2.84B | 3.38% |
+39,663,243
| New | +$2.94B |
|
7
Microsoft
MSFT
$2.82T
| $2.67B | 3.17% |
+77,260,349
| New | +$2.53B |
|
8
Comcast
CMCSA
$80.4B
| $2.61B | 3.1% |
+124,502,546
| New | +$2.57B |
|
9
Merck
MRK
$323B
| $2.35B | 2.8% |
+53,130,609
| New | +$2.37B |
|
10
Sanofi
SNY
$104B
| $2.27B | 2.7% |
+44,151,787
| New | +$2.35B |
|
|
TWX
11
DELISTED
Time Warner Inc
TWX
| $2.18B | 2.59% |
+39,312,385
| New | +$2.22B |
|
12
GE Aerospace
GE
$362B
| $2.15B | 2.55% |
+19,311,532
| New | +$2.14B |
|
|
SCHW
13
Charles Schwab
SCHW
$177B
| $1.97B | 2.34% |
+93,000,857
| New | +$1.72B |
|
14
Pfizer
PFE
$142B
| $1.91B | 2.27% |
+71,874,155
| New | +$1.99B |
|
|
TWC
15
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $1.87B | 2.22% |
+16,593,299
| New | +$1.6B |
|
|
FON
16
DELISTED
SPRINT CORP FON COM
FON
| $1.76B | 2.09% |
+250,422,274
| New | +$1.76B |
|
17
Goldman Sachs
GS
$315B
| $1.73B | 2.05% |
+11,433,975
| New | +$1.74B |
|
18
FedEx
FDX
$74.8B
| $1.7B | 2.02% |
+17,252,973
| New | +$1.67B |
|
|
BNY
19
Bank of New York Mellon
BNY
$109B
| $1.68B | 1.99% |
+59,838,854
| New | +$1.72B |
|
20
Bank of America
BAC
$428B
| $1.64B | 1.94% |
+127,292,188
| New | +$1.62B |
|
21
TE Connectivity
TEL
$58.3B
| $1.63B | 1.94% |
+35,875,879
| New | +$1.57B |
|
|
TFCFA
22
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.54B | 1.83% |
+53,482,556
| New | +$1.33B |
|
23
Chevron
CVX
$391B
| $1.44B | 1.71% |
+12,141,619
| New | +$1.47B |
|
24
Gen Digital
GEN
$15.1B
| $1.43B | 1.7% |
+63,586,317
| New | +$1.5B |
|
|
BHI
25
DELISTED
Baker Hughes
BHI
| $1.15B | 1.36% |
+24,824,534
| New | +$1.14B |
|
Similar funds
Dodge & Cox's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Dodge & Cox, which disclosed 166 positions worth $84.2B. Its ten largest holdings account for 35% of the portfolio.
Its largest position is HP: 358,933,379 shares worth $4.04B.
By sector, the portfolio is most concentrated in Financials at 21% of assets, followed by Technology and Healthcare.
- Dodge & Cox's largest Q2 2013 buy was HP: 358,933,379 shares worth $4.04B.
- Dodge & Cox's ten largest holdings make up 35% of its $84.2B portfolio in Q2 2013.
- Dodge & Cox disclosed 166 positions in Q2 2013, its first 13F filing on record.
Based on Dodge & Cox's 13F filing for Q2 2013, filed 13 Aug 2013.