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 |
Eli Lilly
LLY
|
$1.2B |
| 2 |
MFGP
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
|
$1.17B |
| 3 |
Baker Hughes
BKR
|
$871M |
| 4 |
Gilead Sciences
GILD
|
$803M |
| 5 |
APC
Anadarko Petroleum
APC
|
$656M |
Top Sells
| 1 |
BHI
Baker Hughes
BHI
|
$1.3B |
| 2 |
DXC Technology
DXC
|
$800M |
| 3 |
TWX
Time Warner Inc
TWX
|
$671M |
| 4 |
Novartis
NVS
|
$472M |
| 5 |
VMW
VMware, Inc
VMW
|
$318M |
Sector Composition
| 1 | Financials | 24.34% |
| 2 | Healthcare | 19.07% |
| 3 | Communication Services | 15.79% |
| 4 | Technology | 14.69% |
| 5 | Energy | 7.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Bank of America
BAC
$376B
| $4.3B | 3.46% | 169,614,131 -978,908 | -0.6% | -$24.8M |
|
2
Charles Schwab
SCHW
$174B
| $3.86B | 3.11% | 88,251,967 -6,525,596 | -7% | -$285M |
|
3
Wells Fargo
WFC
$263B
| $3.84B | 3.09% | 69,694,805 -1,150,636 | -2% | -$63.5M |
|
|
4
Novartis
NVS
$245B
| $3.83B | 3.08% | 44,643,925 -5,499,584 | -11% | -$472M |
|
5
Capital One
COF
$145B
| $3.72B | 2.99% | 43,927,401 -443,616 | -1% | -$37.6M |
|
6
Hewlett Packard
HPE
$29.6B
| $3.5B | 2.81% | 237,757,379 -858,022 | -0.4% | -$12.6M |
|
7
Charter Communications
CHTR
$36.3B
| $3.43B | 2.76% | 9,440,412 -407,819 | -4% | -$148M |
|
8
Schlumberger
SLB
$55B
| $3.39B | 2.73% | 48,621,287 +349,824 | +0.7% | +$24.4M |
|
9
Goldman Sachs
GS
$226B
| $3.28B | 2.64% | 13,817,680 -90,487 | -0.7% | -$21.5M |
|
10
Alphabet (Google) Class C
GOOG
$2.58T
| $3.11B | 2.5% | 3,239,665 -19,823 | -0.6% | -$19M |
|
11
Sanofi
SNY
$121B
| $3.1B | 2.49% | 62,183,081 -500,874 | -0.8% | -$24.9M |
|
12
Microsoft
MSFT
$3.77T
| $3B | 2.41% | 40,230,755 -727,170 | -2% | -$54.2M |
|
13
Comcast
CMCSA
$125B
| $2.92B | 2.35% | 75,986,369 +1,478,234 | +2% | +$56.9M |
|
14
Johnson Controls International
JCI
$69.9B
| $2.62B | 2.11% | 65,053,287 +7,202,013 | +12% | +$290M |
|
15
FedEx
FDX
$54.5B
| $2.54B | 2.05% | 11,271,745 -105,347 | -0.9% | -$23.8M |
|
16
JPMorgan Chase
JPM
$829B
| $2.47B | 1.99% | 25,839,297 -265,743 | -1% | -$25.4M |
|
17
Cigna
CI
$80.3B
| $2.43B | 1.96% | 13,008,253 -901,376 | -6% | -$169M |
|
18
American Express
AXP
$231B
| $2.43B | 1.96% | 26,876,964 -837,406 | -3% | -$75.8M |
|
|
TWX
19
DELISTED
Time Warner Inc
TWX
| $2.43B | 1.95% | 23,692,769 -6,545,156 | -22% | -$671M |
|
20
Bank of New York Mellon
BK
$74.5B
| $2.32B | 1.87% | 43,795,278 -595,253 | -1% | -$31.6M |
|
21
HP
HPQ
$26.7B
| $2.3B | 1.85% | 115,270,677 -1,476,885 | -1% | -$29.5M |
|
|
APC
22
DELISTED
Anadarko Petroleum
APC
| $2.26B | 1.82% | 46,221,028 +13,426,820 | +41% | +$656M |
|
23
TE Connectivity
TEL
$61B
| $2.25B | 1.81% | 27,108,837 -70,345 | -0.3% | -$5.84M |
|
|
ESRX
24
DELISTED
Express Scripts Holding Company
ESRX
| $2.21B | 1.78% | 34,938,393 -1,250,124 | -3% | -$79.2M |
|
25
Cisco
CSCO
$274B
| $2.14B | 1.72% | 63,485,857 -640,556 | -1% | -$21.5M |
|