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 |
Cisco
CSCO
|
$609M |
| 2 |
HP
HPQ
|
$601M |
| 3 |
UBS Group
UBS
|
$566M |
| 4 |
Harley-Davidson
HOG
|
$396M |
| 5 |
CXO
CONCHO RESOURCES INC.
CXO
|
$381M |
Top Sells
| 1 |
Chevron
CVX
|
$847M |
| 2 |
GSK
GSK
|
$472M |
| 3 |
STI
SunTrust Banks, Inc.
STI
|
$458M |
| 4 |
UnitedHealth
UNH
|
$420M |
| 5 |
Target
TGT
|
$368M |
Sector Composition
| 1 | Financials | 23.1% |
| 2 | Technology | 21.15% |
| 3 | Communication Services | 16.86% |
| 4 | Healthcare | 16.13% |
| 5 | Energy | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
HP
HPQ
$26.7B
| $5.03B | 5.06% | 196,556,357 +23,486,037 | +14% | +$601M |
|
2
Schlumberger
SLB
$55B
| $4.28B | 4.31% | 62,107,301 +5,283,255 | +9% | +$364M |
|
3
Novartis
NVS
$245B
| $4.2B | 4.23% | 45,723,035 -2,247,310 | -5% | -$207M |
|
4
Wells Fargo
WFC
$263B
| $3.67B | 3.7% | 71,544,477 +647,793 | +0.9% | +$33.3M |
|
5
Capital One
COF
$145B
| $3.55B | 3.57% | 48,917,988 +2,515,300 | +5% | +$182M |
|
|
TWC
6
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $3.49B | 3.51% | 19,444,541 +83,708 | +0.4% | +$15M |
|
7
Microsoft
MSFT
$3.77T
| $3.31B | 3.33% | 74,792,774 -7,009,320 | -9% | -$310M |
|
8
Bank of America
BAC
$376B
| $2.95B | 2.97% | 189,615,263 +13,005,080 | +7% | +$203M |
|
9
Alphabet (Google) Class C
GOOG
$2.58T
| $2.83B | 2.85% | 4,589,175 +37,527 | +0.8% | +$23.1M |
|
10
Charles Schwab
SCHW
$174B
| $2.75B | 2.77% | 96,419,718 +1,310,856 | +1% | +$37.4M |
|
|
TWX
11
DELISTED
Time Warner Inc
TWX
| $2.59B | 2.61% | 37,730,510 +561,559 | +2% | +$38.6M |
|
12
Comcast
CMCSA
$125B
| $2.54B | 2.56% | 44,700,285 -452,928 | -1% | -$25.8M |
|
13
Sanofi
SNY
$121B
| $2.37B | 2.38% | 49,859,813 +94,120 | +0.2% | +$4.47M |
|
|
ESRX
14
DELISTED
Express Scripts Holding Company
ESRX
| $2.3B | 2.31% | 28,405,375 +472,746 | +2% | +$38.3M |
|
15
Bank of New York Mellon
BK
$74.5B
| $2.25B | 2.26% | 57,469,938 -748,814 | -1% | -$29.3M |
|
16
TE Connectivity
TEL
$61B
| $2.11B | 2.13% | 35,309,351 +73,740 | +0.2% | +$4.42M |
|
|
EMC
17
DELISTED
EMC CORPORATION
EMC
| $2.07B | 2.08% | 85,474,449 +13,719,336 | +19% | +$331M |
|
18
Walmart
WMT
$774B
| $2B | 2.02% | 30,896,914 +207,050 | +0.7% | +$13.4M |
|
19
Goldman Sachs
GS
$226B
| $1.88B | 1.89% | 10,820,390 -139,400 | -1% | -$24.2M |
|
20
FedEx
FDX
$54.5B
| $1.78B | 1.79% | 12,335,446 -401,447 | -3% | -$57.8M |
|
|
21
Cisco
CSCO
$274B
| $1.77B | 1.78% | 67,295,678 +23,205,300 | +53% | +$609M |
|
|
BHI
22
DELISTED
Baker Hughes
BHI
| $1.76B | 1.77% | 33,771,551 +6,602,450 | +24% | +$344M |
|
23
Cigna
CI
$80.3B
| $1.74B | 1.75% | 12,879,034 +2,633,276 | +26% | +$356M |
|
24
Gen Digital
GEN
$18.6B
| $1.7B | 1.71% | 87,452,480 +808,080 | +0.9% | +$15.7M |
|
25
JPMorgan Chase
JPM
$829B
| $1.63B | 1.64% | 26,679,607 +503,540 | +2% | +$30.7M |
|