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
|
$1.14B |
| 2 |
DXC Technology
DXC
|
$1.03B |
| 3 |
Eli Lilly
LLY
|
$491M |
| 4 |
Target
TGT
|
$476M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
$472M |
Top Sells
| 1 |
Petrobras Class A
PBR.A
|
$895M |
| 2 |
Elevance Health
ELV
|
$522M |
| 3 |
Corning
GLW
|
$375M |
| 4 |
Synopsys
SNPS
|
$363M |
| 5 |
Bank of America
BAC
|
$360M |
Sector Composition
| 1 | Financials | 25.09% |
| 2 | Healthcare | 17.63% |
| 3 | Communication Services | 16.71% |
| 4 | Technology | 14.6% |
| 5 | Energy | 7.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Novartis
NVS
$245B
| $4.19B | 3.53% | 50,143,509 -442,281 | -0.9% | -$36.9M |
|
|
2
Bank of America
BAC
$376B
| $4.14B | 3.49% | 170,593,039 -14,855,500 | -8% | -$360M |
|
3
Charles Schwab
SCHW
$174B
| $4.07B | 3.43% | 94,777,563 -774,562 | -0.8% | -$33.3M |
|
4
Hewlett Packard
HPE
$29.6B
| $3.96B | 3.34% | 238,615,401 +25,852,541 | +12% | +$429M |
|
5
Wells Fargo
WFC
$263B
| $3.93B | 3.31% | 70,845,441 -345,211 | -0.5% | -$19.1M |
|
6
Capital One
COF
$145B
| $3.67B | 3.09% | 44,371,017 -211,875 | -0.5% | -$17.5M |
|
7
Charter Communications
CHTR
$36.3B
| $3.32B | 2.8% | 9,848,231 -377,611 | -4% | -$127M |
|
8
Schlumberger
SLB
$55B
| $3.18B | 2.68% | 48,271,463 +5,494,165 | +13% | +$362M |
|
9
Goldman Sachs
GS
$226B
| $3.09B | 2.6% | 13,908,167 -94,420 | -0.7% | -$21M |
|
|
TWX
10
DELISTED
Time Warner Inc
TWX
| $3.04B | 2.56% | 30,237,925 -1,494,497 | -5% | -$150M |
|
11
Sanofi
SNY
$121B
| $3B | 2.53% | 62,683,955 -5,293,458 | -8% | -$254M |
|
12
Alphabet (Google) Class C
GOOG
$2.58T
| $2.96B | 2.5% | 3,259,488 +21,888 | +0.7% | +$19.9M |
|
13
Comcast
CMCSA
$125B
| $2.9B | 2.45% | 74,508,135 -892,148 | -1% | -$34.7M |
|
14
Microsoft
MSFT
$3.77T
| $2.82B | 2.38% | 40,957,925 -1,251,706 | -3% | -$86.3M |
|
|
15
Johnson Controls International
JCI
$69.9B
| $2.51B | 2.12% | 57,851,274 +26,319,624 | +83% | +$1.14B |
|
16
FedEx
FDX
$54.5B
| $2.47B | 2.09% | 11,377,092 -116,375 | -1% | -$25.3M |
|
17
JPMorgan Chase
JPM
$829B
| $2.39B | 2.01% | 26,105,040 -262,850 | -1% | -$24M |
|
18
American Express
AXP
$231B
| $2.33B | 1.97% | 27,714,370 -327,735 | -1% | -$27.6M |
|
19
Cigna
CI
$80.3B
| $2.33B | 1.96% | 13,909,629 -489,949 | -3% | -$82M |
|
|
ESRX
20
DELISTED
Express Scripts Holding Company
ESRX
| $2.31B | 1.95% | 36,188,517 +7,388,021 | +26% | +$472M |
|
21
Bank of New York Mellon
BK
$74.5B
| $2.26B | 1.91% | 44,390,531 -618,057 | -1% | -$31.5M |
|
22
MetLife
MET
$54.1B
| $2.23B | 1.88% | 40,636,461 -175,250 | -0.4% | -$9.63M |
|
23
TE Connectivity
TEL
$61B
| $2.14B | 1.8% | 27,179,182 -162,525 | -0.6% | -$12.8M |
|
24
HP
HPQ
$26.7B
| $2.04B | 1.72% | 116,747,562 -1,316,512 | -1% | -$23M |
|
25
Cisco
CSCO
$274B
| $2.01B | 1.69% | 64,126,413 -432,050 | -0.7% | -$13.5M |
|