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 |
Schlumberger
SLB
|
$891M |
| 2 |
Danaher
DHR
|
$855M |
| 3 |
APA Corp
APA
|
$782M |
| 4 |
Cisco
CSCO
|
$769M |
| 5 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
$562M |
Top Sells
| 1 |
GE Aerospace
GE
|
$672M |
| 2 |
GSK
GSK
|
$625M |
| 3 |
Boston Scientific
BSX
|
$573M |
| 4 |
Comcast
CMCSA
|
$497M |
| 5 |
eBay
EBAY
|
$495M |
Sector Composition
| 1 | Financials | 21.94% |
| 2 | Technology | 21.34% |
| 3 | Healthcare | 16.15% |
| 4 | Communication Services | 15.77% |
| 5 | Energy | 10.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
HP
HPQ
$26.7B
| $5.75B | 5.34% | 143,242,518 -12,136,686 | -8% | -$487M |
|
2
Novartis
NVS
$245B
| $4.66B | 4.33% | 50,324,645 -580,804 | -1% | -$53.8M |
|
3
Wells Fargo
WFC
$263B
| $3.97B | 3.69% | 72,473,721 -131,574 | -0.2% | -$7.21M |
|
|
4
Schlumberger
SLB
$55B
| $3.97B | 3.69% | 46,514,140 +10,430,806 | +29% | +$891M |
|
5
Capital One
COF
$145B
| $3.83B | 3.56% | 46,449,361 +57,491 | +0.1% | +$4.75M |
|
6
Microsoft
MSFT
$3.77T
| $3.81B | 3.54% | 82,070,749 -1,065,046 | -1% | -$49.5M |
|
|
TWX
7
DELISTED
Time Warner Inc
TWX
| $3.21B | 2.98% | 37,543,409 +729,025 | +2% | +$62.3M |
|
|
TWC
8
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $2.95B | 2.74% | 19,396,055 +3,698,190 | +24% | +$562M |
|
9
Charles Schwab
SCHW
$174B
| $2.81B | 2.61% | 93,165,777 +1,280,813 | +1% | +$38.7M |
|
10
Bank of America
BAC
$376B
| $2.76B | 2.57% | 154,312,628 +13,412,848 | +10% | +$240M |
|
11
Bank of New York Mellon
BK
$74.5B
| $2.73B | 2.54% | 67,339,717 +188,953 | +0.3% | +$7.67M |
|
|
12
Comcast
CMCSA
$125B
| $2.7B | 2.51% | 46,487,162 -8,562,492 | -16% | -$497M |
|
13
Walmart
WMT
$774B
| $2.64B | 2.45% | 30,762,239 +479,487 | +2% | +$41.2M |
|
14
FedEx
FDX
$54.5B
| $2.54B | 2.36% | 14,640,104 -121,172 | -0.8% | -$21M |
|
15
TE Connectivity
TEL
$61B
| $2.43B | 2.26% | 38,427,408 +3,807,119 | +11% | +$241M |
|
16
Alphabet (Google) Class C
GOOG
$2.58T
| $2.35B | 2.18% | 4,456,470 +538,077 | +14% | +$284M |
|
17
Goldman Sachs
GS
$226B
| $2.27B | 2.11% | 11,728,734 +20,590 | +0.2% | +$3.99M |
|
18
Gen Digital
GEN
$18.6B
| $2.17B | 2.02% | 84,607,395 +930,378 | +1% | +$23.9M |
|
19
Sanofi
SNY
$121B
| $1.97B | 1.83% | 43,272,800 +5,796 | +0% | +$264K |
|
20
Merck
MRK
$210B
| $1.91B | 1.77% | 33,616,093 -1,441,575 | -4% | -$81.9M |
|
|
21
APA Corp
APA
$8.31B
| $1.87B | 1.74% | 29,914,330 +12,481,719 | +72% | +$782M |
|
|
TFCFA
22
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.77B | 1.65% | 46,210,752 -55,327 | -0.1% | -$2.12M |
|
23
UnitedHealth
UNH
$281B
| $1.71B | 1.59% | 16,887,943 -19,807 | -0.1% | -$2M |
|
|
ESRX
24
DELISTED
Express Scripts Holding Company
ESRX
| $1.63B | 1.51% | 19,248,979 +779,284 | +4% | +$66M |
|
|
TYC
25
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $1.63B | 1.51% | 37,051,169 +2,366,240 | +7% | +$104M |
|