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 |
Johnson Controls International
JCI
|
$1.53B |
| 2 |
APC
Anadarko Petroleum
APC
|
$870M |
| 3 |
Suncor Energy
SU
|
$573M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
$539M |
| 5 |
Dell
DELL
|
$517M |
Top Sells
| 1 |
EMC
EMC CORPORATION
EMC
|
$2.07B |
| 2 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
$1.63B |
| 3 |
Gen Digital
GEN
|
$782M |
| 4 |
Petrobras Class A
PBR.A
|
$571M |
| 5 |
Microsoft
MSFT
|
$405M |
Sector Composition
| 1 | Financials | 23.56% |
| 2 | Technology | 18.06% |
| 3 | Communication Services | 16.63% |
| 4 | Healthcare | 14.37% |
| 5 | Energy | 10.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Hewlett Packard
HPE
$29.6B
| $4.81B | 4.52% | 211,469,572 -4,852,306 | -2% | -$110M |
|
2
Schlumberger
SLB
$55B
| $3.93B | 3.69% | 49,997,984 -4,660,678 | -9% | -$367M |
|
3
Bank of America
BAC
$376B
| $3.57B | 3.36% | 228,153,359 +6,153,527 | +3% | +$96.3M |
|
4
Capital One
COF
$145B
| $3.54B | 3.33% | 49,306,476 +74,866 | +0.2% | +$5.38M |
|
5
Novartis
NVS
$245B
| $3.44B | 3.23% | 43,581,886 -784,625 | -2% | -$62M |
|
6
Charles Schwab
SCHW
$174B
| $3.21B | 3.02% | 101,788,384 -1,143,085 | -1% | -$36.1M |
|
7
Wells Fargo
WFC
$263B
| $2.98B | 2.8% | 67,255,750 -392,621 | -0.6% | -$17.4M |
|
8
Charter Communications
CHTR
$36.3B
| $2.94B | 2.76% | 10,898,490 -448,908 | -4% | -$121M |
|
|
TWX
9
DELISTED
Time Warner Inc
TWX
| $2.92B | 2.74% | 36,666,411 -1,175,357 | -3% | -$93.6M |
|
10
Comcast
CMCSA
$125B
| $2.74B | 2.57% | 41,241,033 -1,705,796 | -4% | -$113M |
|
11
HP
HPQ
$26.7B
| $2.63B | 2.47% | 169,156,699 -25,394,161 | -13% | -$394M |
|
|
12
Microsoft
MSFT
$3.77T
| $2.56B | 2.41% | 44,449,176 -7,037,919 | -14% | -$405M |
|
13
Goldman Sachs
GS
$226B
| $2.47B | 2.32% | 15,287,200 +266,345 | +2% | +$43M |
|
14
Alphabet (Google) Class C
GOOG
$2.58T
| $2.42B | 2.28% | 3,116,627 -67,098 | -2% | -$52.2M |
|
15
Sanofi
SNY
$121B
| $2.26B | 2.13% | 59,267,298 +4,111,385 | +7% | +$157M |
|
16
Bank of New York Mellon
BK
$74.5B
| $2.25B | 2.12% | 56,537,289 +609,197 | +1% | +$24.3M |
|
17
Cisco
CSCO
$274B
| $2.11B | 1.99% | 66,632,428 -2,106,018 | -3% | -$66.8M |
|
18
FedEx
FDX
$54.5B
| $2.1B | 1.97% | 12,010,834 -379,734 | -3% | -$66.3M |
|
19
UnitedHealth
UNH
$281B
| $1.91B | 1.8% | 13,677,691 -1,061,848 | -7% | -$149M |
|
20
JPMorgan Chase
JPM
$829B
| $1.9B | 1.78% | 28,520,669 +688,070 | +2% | +$45.8M |
|
21
Cigna
CI
$80.3B
| $1.88B | 1.77% | 14,448,844 -833,772 | -5% | -$109M |
|
22
American Express
AXP
$231B
| $1.87B | 1.76% | 29,219,762 +971,125 | +3% | +$62.2M |
|
23
APA Corp
APA
$8.31B
| $1.86B | 1.75% | 29,142,376 +45,312 | +0.2% | +$2.89M |
|
24
MetLife
MET
$54.1B
| $1.82B | 1.71% | 41,052,181 +1,918,855 | +5% | +$85.3M |
|
25
TE Connectivity
TEL
$61B
| $1.81B | 1.7% | 28,169,629 -285,984 | -1% | -$18.4M |
|