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 |
NOV
NOV
|
$1.02B |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
$449M |
| 3 |
EMC
EMC CORPORATION
EMC
|
$431M |
| 4 |
JPMorgan Chase
JPM
|
$329M |
| 5 |
Liberty Global Class C
LBTYK
|
$247M |
Top Sells
| 1 |
Merck
MRK
|
$502M |
| 2 |
Xerox
XRX
|
$484M |
| 3 |
Vodafone
VOD
|
$350M |
| 4 |
FRX
FOREST LABORATORIES INC
FRX
|
$347M |
| 5 |
BHI
Baker Hughes
BHI
|
$347M |
Sector Composition
| 1 | Financials | 21.58% |
| 2 | Technology | 20.37% |
| 3 | Healthcare | 18.65% |
| 4 | Communication Services | 13.43% |
| 5 | Energy | 11.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
HP
HPQ
$26.7B
| $5.5B | 5.62% | 169,957,558 -1,188,060 | -0.7% | -$38.4M |
|
2
Novartis
NVS
$245B
| $3.95B | 4.04% | 46,441,169 -44,183 | -0.1% | -$3.76M |
|
3
Schlumberger
SLB
$55B
| $3.83B | 3.91% | 39,244,199 -367,295 | -0.9% | -$35.8M |
|
4
Wells Fargo
WFC
$263B
| $3.61B | 3.69% | 72,553,999 -35,937 | -0% | -$1.79M |
|
5
Capital One
COF
$145B
| $3.6B | 3.69% | 46,709,425 -98,517 | -0.2% | -$7.6M |
|
6
Microsoft
MSFT
$3.77T
| $3.52B | 3.6% | 85,845,688 +130,589 | +0.2% | +$5.35M |
|
7
GSK
GSK
$79.9B
| $3.23B | 3.3% | 60,386,550 -93,100 | -0.2% | -$4.97M |
|
8
Comcast
CMCSA
$125B
| $2.77B | 2.83% | 55,363,004 -4,549,096 | -8% | -$228M |
|
9
Charles Schwab
SCHW
$174B
| $2.45B | 2.51% | 89,705,117 -415,700 | -0.5% | -$11.4M |
|
|
TWX
10
DELISTED
Time Warner Inc
TWX
| $2.34B | 2.39% | 35,759,899 -299,868 | -0.8% | -$19.6M |
|
11
Sanofi
SNY
$121B
| $2.28B | 2.33% | 43,664,887 +36,158 | +0.1% | +$1.89M |
|
|
12
Merck
MRK
$210B
| $2.27B | 2.32% | 39,959,196 -8,839,300 | -18% | -$502M |
|
13
GE Aerospace
GE
$292B
| $2.23B | 2.28% | 86,249,838 -807,076 | -0.9% | -$20.9M |
|
14
Bank of New York Mellon
BK
$74.5B
| $2.22B | 2.27% | 62,794,463 +4,826,739 | +8% | +$170M |
|
15
Bank of America
BAC
$376B
| $2.14B | 2.19% | 124,668,488 -655,933 | -0.5% | -$11.3M |
|
16
TE Connectivity
TEL
$61B
| $2.12B | 2.16% | 35,131,256 -59,975 | -0.2% | -$3.61M |
|
|
TWC
17
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $2.11B | 2.16% | 15,377,316 -146,872 | -0.9% | -$20.1M |
|
18
Pfizer
PFE
$141B
| $2.06B | 2.11% | 64,121,017 -1,168,797 | -2% | -$37.5M |
|
19
FedEx
FDX
$54.5B
| $2.01B | 2.06% | 15,160,662 -46,633 | -0.3% | -$6.18M |
|
20
Goldman Sachs
GS
$226B
| $1.81B | 1.85% | 11,027,800 -33,100 | -0.3% | -$5.42M |
|
21
Gen Digital
GEN
$18.6B
| $1.67B | 1.71% | 83,534,567 +2,972,500 | +4% | +$59.4M |
|
|
TFCFA
22
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.5B | 1.53% | 46,769,066 -362,300 | -0.8% | -$11.6M |
|
23
Alphabet (Google) Class C
GOOG
$2.58T
| $1.4B | 1.43% | 1,253,023 -1,897 | -0.2% | -$2.11M |
|
24
Walmart
WMT
$774B
| $1.38B | 1.41% | 18,053,842 +1,326,819 | +8% | +$101M |
|
25
Chevron
CVX
$324B
| $1.31B | 1.34% | 11,045,812 -385,570 | -3% | -$45.8M |
|