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 |
Booking.com
BKNG
|
$784M |
| 2 |
EMC
EMC CORPORATION
EMC
|
$737M |
| 3 |
Petrobras Class A
PBR.A
|
$470M |
| 4 |
Cisco
CSCO
|
$424M |
| 5 |
HP
HPQ
|
$369M |
Top Sells
| 1 |
AOL
AOL INC COMMON STOCK
AOL
|
$464M |
| 2 |
GSK
GSK
|
$456M |
| 3 |
CarMax
KMX
|
$404M |
| 4 |
Bank of New York Mellon
BK
|
$371M |
| 5 |
Nokia
NOK
|
$232M |
Sector Composition
| 1 | Financials | 22.33% |
| 2 | Technology | 19.62% |
| 3 | Healthcare | 16.6% |
| 4 | Communication Services | 16.32% |
| 5 | Energy | 11.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
HP
HPQ
$26.7B
| $5.19B | 4.68% | 173,070,320 +12,299,950 | +8% | +$369M |
|
2
Schlumberger
SLB
$55B
| $4.9B | 4.42% | 56,824,046 -118,766 | -0.2% | -$10.2M |
|
3
Novartis
NVS
$245B
| $4.72B | 4.25% | 47,970,345 -2,062,450 | -4% | -$203M |
|
4
Capital One
COF
$145B
| $4.08B | 3.68% | 46,402,688 -398,223 | -0.9% | -$35M |
|
5
Wells Fargo
WFC
$263B
| $3.99B | 3.6% | 70,896,684 -1,037,209 | -1% | -$58.3M |
|
6
Microsoft
MSFT
$3.77T
| $3.61B | 3.26% | 81,802,094 -1,548,506 | -2% | -$68.4M |
|
|
TWC
7
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $3.45B | 3.11% | 19,360,833 -123,146 | -0.6% | -$21.9M |
|
|
TWX
8
DELISTED
Time Warner Inc
TWX
| $3.25B | 2.93% | 37,168,951 -277,452 | -0.7% | -$24.3M |
|
9
Charles Schwab
SCHW
$174B
| $3.11B | 2.8% | 95,108,862 +436,925 | +0.5% | +$14.3M |
|
10
Bank of America
BAC
$376B
| $3.01B | 2.71% | 176,610,183 +19,618,614 | +12% | +$334M |
|
11
Comcast
CMCSA
$125B
| $2.72B | 2.45% | 45,153,213 -919,223 | -2% | -$55.3M |
|
|
ESRX
12
DELISTED
Express Scripts Holding Company
ESRX
| $2.48B | 2.24% | 27,932,629 +3,711,125 | +15% | +$330M |
|
13
Sanofi
SNY
$121B
| $2.46B | 2.22% | 49,765,693 +6,731,620 | +16% | +$333M |
|
|
14
Bank of New York Mellon
BK
$74.5B
| $2.44B | 2.2% | 58,218,752 -8,835,715 | -13% | -$371M |
|
15
Alphabet (Google) Class C
GOOG
$2.58T
| $2.39B | 2.16% | 4,551,648 +54,827 | +1% | +$28.8M |
|
16
Goldman Sachs
GS
$226B
| $2.29B | 2.06% | 10,959,790 -661,550 | -6% | -$138M |
|
17
TE Connectivity
TEL
$61B
| $2.27B | 2.04% | 35,235,611 -1,982,756 | -5% | -$127M |
|
18
Walmart
WMT
$774B
| $2.18B | 1.96% | 30,689,864 -186,975 | -0.6% | -$13.3M |
|
19
FedEx
FDX
$54.5B
| $2.17B | 1.96% | 12,736,893 -276,719 | -2% | -$47.2M |
|
20
Gen Digital
GEN
$18.6B
| $2.01B | 1.82% | 86,644,400 +1,561,905 | +2% | +$36.3M |
|
21
UnitedHealth
UNH
$281B
| $2B | 1.81% | 16,415,117 -481,276 | -3% | -$58.7M |
|
|
EMC
22
DELISTED
EMC CORPORATION
EMC
| $1.89B | 1.71% | 71,755,113 +27,930,100 | +64% | +$737M |
|
23
JPMorgan Chase
JPM
$829B
| $1.77B | 1.6% | 26,176,067 +2,282,162 | +10% | +$155M |
|
24
APA Corp
APA
$8.31B
| $1.73B | 1.56% | 30,013,813 -1,154,406 | -4% | -$66.5M |
|
|
BHI
25
DELISTED
Baker Hughes
BHI
| $1.68B | 1.51% | 27,169,101 -18,414 | -0.1% | -$1.14M |
|