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 |
Comcast
CMCSA
|
$1.4B |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
$502M |
| 3 |
Suncor Energy
SU
|
$412M |
| 4 |
Novartis
NVS
|
$361M |
| 5 |
Bristol-Myers Squibb
BMY
|
$358M |
Top Sells
| 1 |
HP
HPQ
|
$387M |
| 2 |
NetApp
NTAP
|
$349M |
| 3 |
Schlumberger
SLB
|
$338M |
| 4 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
$311M |
| 5 |
Adient
ADNT
|
$232M |
Sector Composition
| 1 | Financials | 25.31% |
| 2 | Communication Services | 16.9% |
| 3 | Healthcare | 16.28% |
| 4 | Technology | 15.69% |
| 5 | Energy | 8.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Hewlett Packard
HPE
$29.6B
| $5.04B | 4.28% | 212,762,860 +3,962,688 | +2% | +$93.9M |
|
2
Bank of America
BAC
$376B
| $4.37B | 3.72% | 185,448,539 -2,767,302 | -1% | -$65.3M |
|
3
Wells Fargo
WFC
$263B
| $3.96B | 3.37% | 71,190,652 -341,184 | -0.5% | -$19M |
|
4
Charles Schwab
SCHW
$174B
| $3.9B | 3.31% | 95,552,125 -1,071,449 | -1% | -$43.7M |
|
5
Capital One
COF
$145B
| $3.86B | 3.28% | 44,582,892 -628,560 | -1% | -$54.5M |
|
|
6
Novartis
NVS
$245B
| $3.76B | 3.19% | 50,585,790 +4,867,269 | +11% | +$361M |
|
7
Charter Communications
CHTR
$36.3B
| $3.35B | 2.84% | 10,225,842 -130,661 | -1% | -$42.8M |
|
|
8
Schlumberger
SLB
$55B
| $3.34B | 2.84% | 42,777,298 -4,324,607 | -9% | -$338M |
|
9
Goldman Sachs
GS
$226B
| $3.22B | 2.73% | 14,002,587 -194,619 | -1% | -$44.7M |
|
|
TWX
10
DELISTED
Time Warner Inc
TWX
| $3.1B | 2.63% | 31,732,422 -639,182 | -2% | -$62.5M |
|
11
Sanofi
SNY
$121B
| $3.08B | 2.61% | 67,977,413 -531,127 | -0.8% | -$24M |
|
|
12
Comcast
CMCSA
$125B
| $2.83B | 2.41% | 75,400,283 +37,111,438 | +97% | +$1.4B |
|
13
Microsoft
MSFT
$3.77T
| $2.78B | 2.36% | 42,209,631 -572,860 | -1% | -$37.7M |
|
14
Alphabet (Google) Class C
GOOG
$2.58T
| $2.69B | 2.28% | 3,237,600 +144,259 | +5% | +$120M |
|
15
JPMorgan Chase
JPM
$829B
| $2.32B | 1.97% | 26,367,890 -258,789 | -1% | -$22.7M |
|
16
FedEx
FDX
$54.5B
| $2.24B | 1.91% | 11,493,467 -60,933 | -0.5% | -$11.9M |
|
17
American Express
AXP
$231B
| $2.22B | 1.88% | 28,042,105 -692,595 | -2% | -$54.8M |
|
|
TFCFA
18
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $2.22B | 1.88% | 68,409,689 -509,352 | -0.7% | -$16.5M |
|
19
Cisco
CSCO
$274B
| $2.18B | 1.85% | 64,558,463 +712 | +0% | +$24.1K |
|
20
MetLife
MET
$54.1B
| $2.16B | 1.83% | 40,811,711 -249,963 | -0.6% | -$13.2M |
|
21
Bank of New York Mellon
BK
$74.5B
| $2.13B | 1.81% | 45,008,588 -4,647,431 | -9% | -$219M |
|
|
22
HP
HPQ
$26.7B
| $2.11B | 1.79% | 118,064,074 -21,636,983 | -15% | -$387M |
|
23
Cigna
CI
$80.3B
| $2.11B | 1.79% | 14,399,578 -65,780 | -0.5% | -$9.64M |
|
24
TE Connectivity
TEL
$61B
| $2.04B | 1.73% | 27,341,707 -271,930 | -1% | -$20.3M |
|
|
ESRX
25
DELISTED
Express Scripts Holding Company
ESRX
| $1.9B | 1.61% | 28,800,496 +7,622,276 | +36% | +$502M |
|