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 |
APA Corp
APA
|
+$468M |
| 2 |
S
Sprint Corporation
S
|
+$437M |
| 3 |
UnitedHealth
UNH
|
+$366M |
| 4 |
Microsoft
MSFT
|
+$305M |
| 5 |
ADT
ADT Corp
ADT
|
+$247M |
Top Sells
| 1 |
FON
SPRINT CORP FON COM
FON
|
+$1.76B |
| 2 |
Xerox
XRX
|
+$625M |
| 3 |
PC
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
|
+$347M |
| 4 |
Adobe
ADBE
|
+$282M |
| 5 |
Vodafone
VOD
|
+$252M |
Sector Composition
| 1 | Financials | 20.96% |
| 2 | Technology | 18.74% |
| 3 | Healthcare | 18.2% |
| 4 | Communication Services | 14.76% |
| 5 | Energy | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Novartis
NVS
$293B
| $3.59B | 4.08% |
52,298,329
-323,841
| -0.6% | -$21.4M |
|
2
SLB Ltd
SLB
$70.8B
| $3.54B | 4.02% |
40,100,394
+437,151
| +1% | +$35.9M |
|
3
HP
HPQ
$22.7B
| $3.41B | 3.87% |
357,946,581
-986,798
| -0.3% | -$10.9M |
|
4
Capital One
COF
$125B
| $3.29B | 3.74% |
47,844,267
-366,248
| -0.8% | -$24.6M |
|
5
GSK
GSK
$105B
| $3.07B | 3.49% |
49,032,480
-516,287
| -1% | -$33.2M |
|
6
Wells Fargo
WFC
$268B
| $3.07B | 3.49% |
74,262,403
+123,135
| +0.2% | +$5.26M |
|
|
7
Microsoft
MSFT
$2.9T
| $2.88B | 3.27% |
86,524,349
+9,264,000
| +12% | +$305M |
|
8
Comcast
CMCSA
$85.6B
| $2.78B | 3.16% |
123,239,786
-1,262,760
| -1% | -$27.5M |
|
|
TWX
9
DELISTED
Time Warner Inc
TWX
| $2.43B | 2.76% |
38,536,672
-775,713
| -2% | -$46.4M |
|
10
Merck
MRK
$306B
| $2.39B | 2.71% |
52,544,201
-586,408
| -1% | -$26.8M |
|
11
Sanofi
SNY
$105B
| $2.23B | 2.53% |
43,966,249
-185,538
| -0.4% | -$9.44M |
|
12
GE Aerospace
GE
$369B
| $2.15B | 2.44% |
18,760,860
-550,672
| -3% | -$63.1M |
|
13
FedEx
FDX
$74.9B
| $2.12B | 2.4% |
18,549,478
+1,296,505
| +8% | +$140M |
|
|
SCHW
14
Charles Schwab
SCHW
$178B
| $1.96B | 2.22% |
92,635,017
-365,840
| -0.4% | -$7.95M |
|
15
Pfizer
PFE
$140B
| $1.94B | 2.2% |
71,046,382
-827,773
| -1% | -$22.5M |
|
16
TE Connectivity
TEL
$57.8B
| $1.85B | 2.1% |
35,743,431
-132,448
| -0.4% | -$6.63M |
|
|
TWC
17
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $1.83B | 2.08% |
16,440,743
-152,556
| -0.9% | -$17.2M |
|
18
Goldman Sachs
GS
$309B
| $1.79B | 2.03% |
11,290,475
-143,500
| -1% | -$23.1M |
|
19
Bank of America
BAC
$422B
| $1.77B | 2.02% |
128,550,121
+1,257,933
| +1% | +$18M |
|
|
BNY
20
Bank of New York Mellon
BNY
$104B
| $1.77B | 2.01% |
58,667,454
-1,171,400
| -2% | -$35.9M |
|
|
TFCFA
21
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.62B | 1.84% |
48,471,166
-5,011,390
| -9% | -$158M |
|
22
Gen Digital
GEN
$15.8B
| $1.58B | 1.79% |
63,664,667
+78,350
| +0.1% | +$1.97M |
|
23
Chevron
CVX
$363B
| $1.41B | 1.6% |
11,599,867
-541,752
| -4% | -$66.6M |
|
|
BHI
24
DELISTED
Baker Hughes
BHI
| $1.19B | 1.35% |
24,278,759
-545,775
| -2% | -$26.3M |
|
25
Alphabet (Google) Class C
GOOG
$4.28T
| $1.13B | 1.29% |
52,004,598
-43,362
| -0.1% | -$958K |
|
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