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
|
$870M |
| 2 |
HP
HPQ
|
$546M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
$431M |
| 4 |
Baidu
BIDU
|
$419M |
| 5 |
MetLife
MET
|
$389M |
Top Sells
| 1 |
Merck
MRK
|
$469M |
| 2 |
FedEx
FDX
|
$269M |
| 3 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
$132M |
| 4 |
TE Connectivity
TEL
|
$86.6M |
| 5 |
CarMax
KMX
|
$56.7M |
Sector Composition
| 1 | Financials | 21.45% |
| 2 | Technology | 20.05% |
| 3 | Healthcare | 17.2% |
| 4 | Communication Services | 15.79% |
| 5 | Energy | 11.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
HP
HPQ
$26.7B
| $5.01B | 4.62% | 160,770,370 +17,527,852 | +12% | +$546M |
|
2
Novartis
NVS
$245B
| $4.93B | 4.55% | 50,032,795 -291,850 | -0.6% | -$28.8M |
|
|
3
Schlumberger
SLB
$55B
| $4.75B | 4.38% | 56,942,812 +10,428,672 | +22% | +$870M |
|
4
Wells Fargo
WFC
$263B
| $3.91B | 3.61% | 71,933,893 -539,828 | -0.7% | -$29.4M |
|
5
Capital One
COF
$145B
| $3.69B | 3.4% | 46,800,911 +351,550 | +0.8% | +$27.7M |
|
6
Microsoft
MSFT
$3.77T
| $3.39B | 3.12% | 83,350,600 +1,279,851 | +2% | +$52M |
|
|
TWX
7
DELISTED
Time Warner Inc
TWX
| $3.16B | 2.91% | 37,446,403 -97,006 | -0.3% | -$8.19M |
|
|
TWC
8
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $2.92B | 2.69% | 19,483,979 +87,924 | +0.5% | +$13.2M |
|
9
Charles Schwab
SCHW
$174B
| $2.88B | 2.66% | 94,671,937 +1,506,160 | +2% | +$45.8M |
|
10
Bank of New York Mellon
BK
$74.5B
| $2.7B | 2.49% | 67,054,467 -285,250 | -0.4% | -$11.5M |
|
|
11
TE Connectivity
TEL
$61B
| $2.67B | 2.46% | 37,218,367 -1,209,041 | -3% | -$86.6M |
|
12
Comcast
CMCSA
$125B
| $2.6B | 2.4% | 46,072,436 -414,726 | -0.9% | -$23.4M |
|
13
Walmart
WMT
$774B
| $2.54B | 2.34% | 30,876,839 +114,600 | +0.4% | +$9.43M |
|
14
Alphabet (Google) Class C
GOOG
$2.58T
| $2.47B | 2.28% | 4,496,821 +40,351 | +0.9% | +$22.2M |
|
15
Bank of America
BAC
$376B
| $2.42B | 2.23% | 156,991,569 +2,678,941 | +2% | +$41.2M |
|
16
Goldman Sachs
GS
$226B
| $2.18B | 2.01% | 11,621,340 -107,394 | -0.9% | -$20.2M |
|
|
17
FedEx
FDX
$54.5B
| $2.15B | 1.98% | 13,013,612 -1,626,492 | -11% | -$269M |
|
18
Sanofi
SNY
$121B
| $2.13B | 1.96% | 43,034,073 -238,727 | -0.6% | -$11.8M |
|
|
ESRX
19
DELISTED
Express Scripts Holding Company
ESRX
| $2.1B | 1.94% | 24,221,504 +4,972,525 | +26% | +$431M |
|
20
UnitedHealth
UNH
$281B
| $2B | 1.84% | 16,896,393 +8,450 | +0.1% | +$1,000K |
|
21
Gen Digital
GEN
$18.6B
| $1.99B | 1.83% | 85,082,495 +475,100 | +0.6% | +$11.1M |
|
22
APA Corp
APA
$8.31B
| $1.88B | 1.73% | 31,168,219 +1,253,889 | +4% | +$75.6M |
|
|
TYC
23
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $1.83B | 1.68% | 42,420,144 +5,368,975 | +14% | +$231M |
|
|
BHI
24
DELISTED
Baker Hughes
BHI
| $1.73B | 1.59% | 27,187,515 +3,047,215 | +13% | +$194M |
|
25
Pfizer
PFE
$141B
| $1.63B | 1.5% | 46,776,959 -418,614 | -0.9% | -$14.6M |
|