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 |
Alphabet (Google) Class C
GOOG
|
$1.45B |
| 2 |
Target
TGT
|
$977M |
| 3 |
Walmart
WMT
|
$714M |
| 4 |
EMC
EMC CORPORATION
EMC
|
$543M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
$436M |
Top Sells
| 1 |
GE Aerospace
GE
|
$521M |
| 2 |
Schlumberger
SLB
|
$458M |
| 3 |
Pfizer
PFE
|
$452M |
| 4 |
FRX
FOREST LABORATORIES INC
FRX
|
$381M |
| 5 |
DuPont de Nemours
DD
|
$337M |
Sector Composition
| 1 | Financials | 20.98% |
| 2 | Technology | 20.42% |
| 3 | Healthcare | 17.61% |
| 4 | Communication Services | 14.02% |
| 5 | Energy | 12.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
HP
HPQ
$26.7B
| $5.68B | 5.42% | 168,738,420 -1,219,138 | -0.7% | -$41.1M |
|
2
Novartis
NVS
$245B
| $4.63B | 4.41% | 51,102,219 +4,661,050 | +10% | +$422M |
|
|
3
Schlumberger
SLB
$55B
| $4.17B | 3.98% | 35,362,918 -3,881,281 | -10% | -$458M |
|
4
Capital One
COF
$145B
| $3.85B | 3.67% | 46,602,075 -107,350 | -0.2% | -$8.87M |
|
5
Wells Fargo
WFC
$263B
| $3.82B | 3.64% | 72,719,840 +165,841 | +0.2% | +$8.72M |
|
6
Microsoft
MSFT
$3.77T
| $3.57B | 3.4% | 85,613,638 -232,050 | -0.3% | -$9.68M |
|
7
GSK
GSK
$79.9B
| $3.22B | 3.07% | 60,226,050 -160,500 | -0.3% | -$8.58M |
|
8
Comcast
CMCSA
$125B
| $2.97B | 2.83% | 55,328,591 -34,413 | -0.1% | -$1.85M |
|
|
TWX
9
DELISTED
Time Warner Inc
TWX
| $2.59B | 2.47% | 36,893,767 +1,133,868 | +3% | +$79.7M |
|
10
Bank of New York Mellon
BK
$74.5B
| $2.53B | 2.42% | 67,624,874 +4,830,411 | +8% | +$181M |
|
11
Charles Schwab
SCHW
$174B
| $2.45B | 2.33% | 90,836,867 +1,131,750 | +1% | +$30.5M |
|
|
TWC
12
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $2.33B | 2.22% | 15,795,358 +418,042 | +3% | +$61.6M |
|
13
Sanofi
SNY
$121B
| $2.32B | 2.21% | 43,549,909 -114,978 | -0.3% | -$6.11M |
|
14
FedEx
FDX
$54.5B
| $2.26B | 2.16% | 14,948,604 -212,058 | -1% | -$32.1M |
|
|
15
Alphabet (Google) Class C
GOOG
$2.58T
| $2.17B | 2.07% | 3,758,474 +2,505,451 | +200% | +$1.45B |
|
16
TE Connectivity
TEL
$61B
| $2.14B | 2.04% | 34,637,731 -493,525 | -1% | -$30.5M |
|
17
Merck
MRK
$210B
| $2.08B | 1.98% | 35,960,137 -3,999,059 | -10% | -$231M |
|
18
Bank of America
BAC
$376B
| $2.07B | 1.98% | 134,954,397 +10,285,909 | +8% | +$158M |
|
|
19
Walmart
WMT
$774B
| $2.07B | 1.97% | 27,562,842 +9,509,000 | +53% | +$714M |
|
20
Goldman Sachs
GS
$226B
| $1.96B | 1.87% | 11,690,000 +662,200 | +6% | +$111M |
|
21
Gen Digital
GEN
$18.6B
| $1.92B | 1.83% | 84,002,767 +468,200 | +0.6% | +$10.7M |
|
|
22
GE Aerospace
GE
$292B
| $1.75B | 1.67% | 66,441,717 -19,808,121 | -23% | -$521M |
|
23
APA Corp
APA
$8.31B
| $1.71B | 1.63% | 16,979,111 +1,553,465 | +10% | +$156M |
|
|
WFT
24
DELISTED
Weatherford International plc
WFT
| $1.68B | 1.6% | 72,869,677 -196,600 | -0.3% | -$4.52M |
|
|
TFCFA
25
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.64B | 1.56% | 46,620,129 -148,937 | -0.3% | -$5.24M |
|