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 |
Charter Communications
CHTR
|
$2.59B |
| 2 |
APC
Anadarko Petroleum
APC
|
$490M |
| 3 |
MetLife
MET
|
$326M |
| 4 |
Union Pacific
UNP
|
$256M |
| 5 |
Goldman Sachs
GS
|
$228M |
Top Sells
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
$3.73B |
| 2 |
ADT
ADT CORP
ADT
|
$843M |
| 3 |
Schlumberger
SLB
|
$633M |
| 4 |
Teck Resources
TECK
|
$442M |
| 5 |
EMC
EMC CORPORATION
EMC
|
$435M |
Sector Composition
| 1 | Financials | 22.41% |
| 2 | Technology | 21.03% |
| 3 | Communication Services | 16.02% |
| 4 | Healthcare | 15.78% |
| 5 | Energy | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Schlumberger
SLB
$55B
| $4.32B | 4.27% | 54,658,662 -8,007,880 | -13% | -$633M |
|
2
Hewlett Packard
HPE
$29.6B
| $3.95B | 3.9% | 216,321,878 -7,747,840 | -3% | -$142M |
|
3
Novartis
NVS
$245B
| $3.66B | 3.62% | 44,366,511 -688,405 | -2% | -$56.8M |
|
4
Wells Fargo
WFC
$263B
| $3.2B | 3.16% | 67,648,371 -274,217 | -0.4% | -$13M |
|
5
Capital One
COF
$145B
| $3.13B | 3.09% | 49,231,610 +183,319 | +0.4% | +$11.6M |
|
6
Bank of America
BAC
$376B
| $2.95B | 2.91% | 221,999,832 +6,195,899 | +3% | +$82.2M |
|
7
Comcast
CMCSA
$125B
| $2.8B | 2.77% | 42,946,829 -794,315 | -2% | -$51.8M |
|
|
TWX
8
DELISTED
Time Warner Inc
TWX
| $2.78B | 2.75% | 37,841,768 -270,613 | -0.7% | -$19.9M |
|
9
Microsoft
MSFT
$3.77T
| $2.63B | 2.6% | 51,487,095 -1,440,965 | -3% | -$73.7M |
|
10
Charles Schwab
SCHW
$174B
| $2.61B | 2.57% | 102,931,469 -70,418 | -0.1% | -$1.78M |
|
|
11
Charter Communications
CHTR
$36.3B
| $2.59B | 2.56% | +11,347,398 | New | +$2.59B |
|
12
HP
HPQ
$26.7B
| $2.44B | 2.41% | 194,550,860 -5,796,650 | -3% | -$72.7M |
|
13
Sanofi
SNY
$121B
| $2.31B | 2.28% | 55,155,913 +1,625,784 | +3% | +$68M |
|
|
14
Goldman Sachs
GS
$226B
| $2.23B | 2.2% | 15,020,855 +1,531,815 | +11% | +$228M |
|
15
Alphabet (Google) Class C
GOOG
$2.58T
| $2.2B | 2.18% | 3,183,725 -29,289 | -0.9% | -$20.3M |
|
16
Bank of New York Mellon
BK
$74.5B
| $2.17B | 2.15% | 55,928,092 +1,880,245 | +3% | +$73M |
|
17
UnitedHealth
UNH
$281B
| $2.08B | 2.06% | 14,739,539 -443,650 | -3% | -$62.6M |
|
|
EMC
18
DELISTED
EMC CORPORATION
EMC
| $2.07B | 2.05% | 76,298,392 -15,993,160 | -17% | -$435M |
|
19
Walmart
WMT
$774B
| $2.06B | 2.04% | 28,228,423 -2,041,818 | -7% | -$149M |
|
20
Cisco
CSCO
$274B
| $1.97B | 1.95% | 68,738,446 -357,182 | -0.5% | -$10.2M |
|
21
Cigna
CI
$80.3B
| $1.96B | 1.93% | 15,282,616 +1,728,391 | +13% | +$221M |
|
22
FedEx
FDX
$54.5B
| $1.88B | 1.86% | 12,390,568 +686 | +0% | +$104K |
|
23
JPMorgan Chase
JPM
$829B
| $1.73B | 1.71% | 27,832,599 +1,415,650 | +5% | +$88M |
|
24
American Express
AXP
$231B
| $1.72B | 1.7% | 28,248,637 +1,888,379 | +7% | +$115M |
|
|
ESRX
25
DELISTED
Express Scripts Holding Company
ESRX
| $1.64B | 1.62% | 21,691,413 -378,400 | -2% | -$28.7M |
|