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 |
Hewlett Packard
HPE
|
$3.31B |
| 2 |
American Express
AXP
|
$858M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
$856M |
| 4 |
Elevance Health
ELV
|
$414M |
| 5 |
AstraZeneca
AZN
|
$400M |
Top Sells
| 1 |
Pfizer
PFE
|
$1.39B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$994M |
| 3 |
GE Aerospace
GE
|
$840M |
| 4 |
UBS Group
UBS
|
$566M |
| 5 |
Baidu
BIDU
|
$504M |
Sector Composition
| 1 | Financials | 23.51% |
| 2 | Technology | 22.02% |
| 3 | Communication Services | 17.23% |
| 4 | Healthcare | 15.08% |
| 5 | Energy | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Schlumberger
SLB
$55B
| $4.42B | 4.34% | 63,361,537 +1,254,236 | +2% | +$87.5M |
|
2
Novartis
NVS
$245B
| $3.88B | 3.81% | 45,107,085 -615,950 | -1% | -$53M |
|
3
Wells Fargo
WFC
$263B
| $3.8B | 3.73% | 69,913,390 -1,631,087 | -2% | -$88.7M |
|
4
Microsoft
MSFT
$3.77T
| $3.69B | 3.62% | 66,559,905 -8,232,869 | -11% | -$457M |
|
|
TWC
5
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $3.6B | 3.54% | 19,420,146 -24,395 | -0.1% | -$4.53M |
|
6
Capital One
COF
$145B
| $3.53B | 3.46% | 48,888,414 -29,574 | -0.1% | -$2.13M |
|
7
Charles Schwab
SCHW
$174B
| $3.38B | 3.32% | 102,622,637 +6,202,919 | +6% | +$204M |
|
|
8
Hewlett Packard
HPE
$29.6B
| $3.31B | 3.24% | +217,529,528 | New | +$3.31B |
|
9
Bank of America
BAC
$376B
| $3.15B | 3.09% | 187,074,863 -2,540,400 | -1% | -$42.8M |
|
|
10
Alphabet (Google) Class C
GOOG
$2.58T
| $2.49B | 2.44% | 3,278,856 -1,310,319 | -29% | -$994M |
|
11
Comcast
CMCSA
$125B
| $2.48B | 2.43% | 43,935,531 -764,754 | -2% | -$43.2M |
|
|
TWX
12
DELISTED
Time Warner Inc
TWX
| $2.46B | 2.42% | 38,101,959 +371,449 | +1% | +$24M |
|
|
EMC
13
DELISTED
EMC CORPORATION
EMC
| $2.46B | 2.41% | 95,808,352 +10,333,903 | +12% | +$265M |
|
14
HP
HPQ
$26.7B
| $2.36B | 2.32% | 199,736,878 +3,180,521 | +2% | +$37.7M |
|
15
TE Connectivity
TEL
$61B
| $2.28B | 2.24% | 35,300,732 -8,619 | -0% | -$557K |
|
16
Bank of New York Mellon
BK
$74.5B
| $2.24B | 2.2% | 54,285,547 -3,184,391 | -6% | -$131M |
|
|
ESRX
17
DELISTED
Express Scripts Holding Company
ESRX
| $2.23B | 2.19% | 25,520,318 -2,885,057 | -10% | -$252M |
|
18
Sanofi
SNY
$121B
| $2.13B | 2.09% | 49,915,073 +55,260 | +0.1% | +$2.36M |
|
19
Cigna
CI
$80.3B
| $1.98B | 1.94% | 13,515,865 +636,831 | +5% | +$93.2M |
|
20
Goldman Sachs
GS
$226B
| $1.95B | 1.91% | 10,798,990 -21,400 | -0.2% | -$3.86M |
|
21
Walmart
WMT
$774B
| $1.9B | 1.86% | 30,936,193 +39,279 | +0.1% | +$2.41M |
|
22
Cisco
CSCO
$274B
| $1.84B | 1.81% | 67,753,678 +458,000 | +0.7% | +$12.4M |
|
23
Gen Digital
GEN
$18.6B
| $1.84B | 1.8% | 87,383,425 -69,055 | -0.1% | -$1.45M |
|
24
FedEx
FDX
$54.5B
| $1.83B | 1.8% | 12,311,592 -23,854 | -0.2% | -$3.55M |
|
25
JPMorgan Chase
JPM
$829B
| $1.74B | 1.71% | 26,338,039 -341,568 | -1% | -$22.6M |
|