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 |
Bristol-Myers Squibb
BMY
|
$1.31B |
| 2 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
$479M |
| 3 |
Sanofi
SNY
|
$374M |
| 4 |
Medtronic
MDT
|
$364M |
| 5 |
Wells Fargo
WFC
|
$236M |
Top Sells
| 1 |
Bank of America
BAC
|
$883M |
| 2 |
Gen Digital
GEN
|
$749M |
| 3 |
UnitedHealth
UNH
|
$530M |
| 4 |
BHI
Baker Hughes
BHI
|
$492M |
| 5 |
HP
HPQ
|
$437M |
Sector Composition
| 1 | Financials | 26.66% |
| 2 | Communication Services | 16.03% |
| 3 | Technology | 15.63% |
| 4 | Healthcare | 14.79% |
| 5 | Energy | 9.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Hewlett Packard
HPE
$29.6B
| $4.83B | 4.29% | 208,800,172 -2,669,400 | -1% | -$61.8M |
|
|
2
Bank of America
BAC
$376B
| $4.16B | 3.7% | 188,215,841 -39,937,518 | -18% | -$883M |
|
3
Schlumberger
SLB
$55B
| $3.95B | 3.51% | 47,101,905 -2,896,079 | -6% | -$243M |
|
4
Capital One
COF
$145B
| $3.94B | 3.5% | 45,211,452 -4,095,024 | -8% | -$357M |
|
|
5
Wells Fargo
WFC
$263B
| $3.94B | 3.5% | 71,531,836 +4,276,086 | +6% | +$236M |
|
6
Charles Schwab
SCHW
$174B
| $3.81B | 3.39% | 96,623,574 -5,164,810 | -5% | -$204M |
|
7
Goldman Sachs
GS
$226B
| $3.4B | 3.02% | 14,197,206 -1,089,994 | -7% | -$261M |
|
8
Novartis
NVS
$245B
| $3.33B | 2.96% | 45,718,521 +2,136,635 | +5% | +$156M |
|
|
TWX
9
DELISTED
Time Warner Inc
TWX
| $3.12B | 2.78% | 32,371,604 -4,294,807 | -12% | -$415M |
|
10
Charter Communications
CHTR
$36.3B
| $2.98B | 2.65% | 10,356,503 -541,987 | -5% | -$156M |
|
|
11
Sanofi
SNY
$121B
| $2.77B | 2.46% | 68,508,540 +9,241,242 | +16% | +$374M |
|
12
Microsoft
MSFT
$3.77T
| $2.66B | 2.36% | 42,782,491 -1,666,685 | -4% | -$104M |
|
13
Comcast
CMCSA
$125B
| $2.64B | 2.35% | 38,288,845 -2,952,188 | -7% | -$204M |
|
14
Alphabet (Google) Class C
GOOG
$2.58T
| $2.39B | 2.12% | 3,093,341 -23,286 | -0.7% | -$18M |
|
15
Bank of New York Mellon
BK
$74.5B
| $2.35B | 2.09% | 49,656,019 -6,881,270 | -12% | -$326M |
|
16
JPMorgan Chase
JPM
$829B
| $2.3B | 2.04% | 26,626,679 -1,893,990 | -7% | -$163M |
|
17
MetLife
MET
$54.1B
| $2.21B | 1.97% | 41,061,674 +9,493 | +0% | +$512K |
|
18
FedEx
FDX
$54.5B
| $2.15B | 1.91% | 11,554,400 -456,434 | -4% | -$85M |
|
19
American Express
AXP
$231B
| $2.13B | 1.89% | 28,734,700 -485,062 | -2% | -$35.9M |
|
|
20
HP
HPQ
$26.7B
| $2.07B | 1.84% | 139,701,057 -29,455,642 | -17% | -$437M |
|
21
Cisco
CSCO
$274B
| $1.95B | 1.73% | 64,557,751 -2,074,677 | -3% | -$62.7M |
|
|
TFCFA
22
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.93B | 1.72% | 68,919,041 -267,738 | -0.4% | -$7.51M |
|
23
Cigna
CI
$80.3B
| $1.93B | 1.71% | 14,465,358 +16,514 | +0.1% | +$2.2M |
|
24
TE Connectivity
TEL
$61B
| $1.91B | 1.7% | 27,613,637 -555,992 | -2% | -$38.5M |
|
25
APA Corp
APA
$8.31B
| $1.83B | 1.63% | 28,896,095 -246,281 | -0.8% | -$15.6M |
|