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 |
eBay
EBAY
|
$730M |
| 2 |
Cigna
CI
|
$387M |
| 3 |
Liberty Global Class A
LBTYA
|
$364M |
| 4 |
Walmart
WMT
|
$208M |
| 5 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
$207M |
Top Sells
| 1 |
GSK
GSK
|
$995M |
| 2 |
Nokia
NOK
|
$590M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
$525M |
| 4 |
HP
HPQ
|
$474M |
| 5 |
DuPont de Nemours
DD
|
$251M |
Sector Composition
| 1 | Financials | 21.16% |
| 2 | Technology | 20.44% |
| 3 | Healthcare | 16.97% |
| 4 | Communication Services | 14.78% |
| 5 | Energy | 11.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
HP
HPQ
$26.7B
| $5.51B | 5.27% | 155,379,204 -13,359,216 | -8% | -$474M |
|
2
Novartis
NVS
$245B
| $4.79B | 4.58% | 50,905,449 -196,770 | -0.4% | -$18.5M |
|
3
Microsoft
MSFT
$3.77T
| $3.85B | 3.69% | 83,135,795 -2,477,843 | -3% | -$115M |
|
4
Capital One
COF
$145B
| $3.79B | 3.62% | 46,391,870 -210,205 | -0.5% | -$17.2M |
|
5
Wells Fargo
WFC
$263B
| $3.77B | 3.6% | 72,605,295 -114,545 | -0.2% | -$5.94M |
|
6
Schlumberger
SLB
$55B
| $3.67B | 3.51% | 36,083,334 +720,416 | +2% | +$73.3M |
|
7
Comcast
CMCSA
$125B
| $2.96B | 2.83% | 55,049,654 -278,937 | -0.5% | -$15M |
|
|
TWX
8
DELISTED
Time Warner Inc
TWX
| $2.77B | 2.65% | 36,814,384 -79,383 | -0.2% | -$5.97M |
|
9
Charles Schwab
SCHW
$174B
| $2.7B | 2.58% | 91,884,964 +1,048,097 | +1% | +$30.8M |
|
10
Bank of New York Mellon
BK
$74.5B
| $2.6B | 2.49% | 67,150,764 -474,110 | -0.7% | -$18.4M |
|
11
Sanofi
SNY
$121B
| $2.44B | 2.34% | 43,267,004 -282,905 | -0.6% | -$16M |
|
12
Bank of America
BAC
$376B
| $2.4B | 2.3% | 140,899,780 +5,945,383 | +4% | +$101M |
|
13
FedEx
FDX
$54.5B
| $2.38B | 2.28% | 14,761,276 -187,328 | -1% | -$30.2M |
|
|
14
Walmart
WMT
$774B
| $2.32B | 2.21% | 30,282,752 +2,719,910 | +10% | +$208M |
|
15
Alphabet (Google) Class C
GOOG
$2.58T
| $2.28B | 2.18% | 3,918,393 +159,919 | +4% | +$92.9M |
|
|
TWC
16
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $2.25B | 2.15% | 15,697,865 -97,493 | -0.6% | -$14M |
|
17
Goldman Sachs
GS
$226B
| $2.15B | 2.06% | 11,708,144 +18,144 | +0.2% | +$3.33M |
|
18
Merck
MRK
$210B
| $2.08B | 1.99% | 35,057,668 -902,469 | -3% | -$53.5M |
|
|
19
eBay
EBAY
$41.4B
| $2.05B | 1.96% | 36,227,184 +12,882,780 | +55% | +$730M |
|
20
Gen Digital
GEN
$18.6B
| $1.97B | 1.88% | 83,677,017 -325,750 | -0.4% | -$7.66M |
|
21
TE Connectivity
TEL
$61B
| $1.91B | 1.83% | 34,620,289 -17,442 | -0.1% | -$964K |
|
|
22
GSK
GSK
$79.9B
| $1.77B | 1.7% | 38,589,161 -21,636,889 | -36% | -$995M |
|
23
GE Aerospace
GE
$292B
| $1.68B | 1.6% | 65,379,047 -1,062,670 | -2% | -$27.2M |
|
24
APA Corp
APA
$8.31B
| $1.64B | 1.57% | 17,432,611 +453,500 | +3% | +$42.6M |
|
|
TFCFA
25
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.59B | 1.52% | 46,266,079 -354,050 | -0.8% | -$12.1M |
|