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
|
$480M |
| 2 |
S
Sprint Corporation
S
|
$412M |
| 3 |
UnitedHealth
UNH
|
$367M |
| 4 |
Microsoft
MSFT
|
$309M |
| 5 |
ADT
ADT CORP
ADT
|
$244M |
Top Sells
| 1 |
FON
SPRINT CORP FON COM
FON
|
$1.76B |
| 2 |
Xerox
XRX
|
$645M |
| 3 |
PC
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
|
$347M |
| 4 |
Adobe
ADBE
|
$307M |
| 5 |
Vodafone
VOD
|
$286M |
Sector Composition
| 1 | Financials | 20.96% |
| 2 | Technology | 19.33% |
| 3 | Healthcare | 18.2% |
| 4 | Communication Services | 14.76% |
| 5 | Energy | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Novartis
NVS
$245B
| $3.59B | 4.08% | 46,862,302 -290,180 | -0.6% | -$22.3M |
|
2
Schlumberger
SLB
$55B
| $3.54B | 4.02% | 40,100,394 +437,151 | +1% | +$38.6M |
|
3
HP
HPQ
$26.7B
| $3.41B | 3.87% | 162,555,214 -448,137 | -0.3% | -$9.4M |
|
4
Capital One
COF
$145B
| $3.29B | 3.74% | 47,844,267 -366,248 | -0.8% | -$25.2M |
|
5
GSK
GSK
$79.9B
| $3.07B | 3.49% | 61,290,600 -645,359 | -1% | -$32.4M |
|
6
Wells Fargo
WFC
$263B
| $3.07B | 3.49% | 74,262,403 +123,135 | +0.2% | +$5.09M |
|
|
7
Microsoft
MSFT
$3.77T
| $2.88B | 3.27% | 86,524,349 +9,264,000 | +12% | +$309M |
|
8
Comcast
CMCSA
$125B
| $2.78B | 3.16% | 61,619,893 -631,380 | -1% | -$28.5M |
|
|
TWX
9
DELISTED
Time Warner Inc
TWX
| $2.43B | 2.76% | 36,947,912 -743,732 | -2% | -$48.9M |
|
10
Merck
MRK
$210B
| $2.39B | 2.71% | 50,137,596 -559,550 | -1% | -$26.6M |
|
11
Sanofi
SNY
$121B
| $2.23B | 2.53% | 43,966,249 -185,538 | -0.4% | -$9.39M |
|
12
GE Aerospace
GE
$292B
| $2.15B | 2.44% | 89,910,249 -2,639,060 | -3% | -$63M |
|
13
FedEx
FDX
$54.5B
| $2.12B | 2.4% | 18,549,478 +1,296,505 | +8% | +$148M |
|
14
Charles Schwab
SCHW
$174B
| $1.96B | 2.22% | 92,635,017 -365,840 | -0.4% | -$7.73M |
|
15
Pfizer
PFE
$141B
| $1.94B | 2.2% | 67,406,435 -785,363 | -1% | -$22.5M |
|
16
TE Connectivity
TEL
$61B
| $1.85B | 2.1% | 35,743,431 -132,448 | -0.4% | -$6.86M |
|
|
TWC
17
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $1.83B | 2.08% | 16,440,743 -152,556 | -0.9% | -$17M |
|
18
Goldman Sachs
GS
$226B
| $1.79B | 2.03% | 11,290,475 -143,500 | -1% | -$22.7M |
|
19
Bank of America
BAC
$376B
| $1.77B | 2.02% | 128,550,121 +1,257,933 | +1% | +$17.4M |
|
20
Bank of New York Mellon
BK
$74.5B
| $1.77B | 2.01% | 58,667,454 -1,171,400 | -2% | -$35.4M |
|
|
TFCFA
21
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.62B | 1.84% | 48,471,166 +1,225,092 | +3% | +$41M |
|
22
Gen Digital
GEN
$18.6B
| $1.58B | 1.79% | 63,664,667 +78,350 | +0.1% | +$1.94M |
|
23
Chevron
CVX
$324B
| $1.41B | 1.6% | 11,599,867 -541,752 | -4% | -$65.8M |
|
|
BHI
24
DELISTED
Baker Hughes
BHI
| $1.19B | 1.35% | 24,278,759 -545,775 | -2% | -$26.8M |
|
25
Alphabet (Google) Class C
GOOG
$2.58T
| $1.13B | 1.29% | 1,295,260 -1,080 | -0.1% | -$946K |
|