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 |
GSK
GSK
|
$1.04B |
| 2 |
Comcast
CMCSA
|
$699M |
| 3 |
Medtronic
MDT
|
$496M |
| 4 |
JNPR
Juniper Networks
JNPR
|
$460M |
| 5 |
Johnson Controls International
JCI
|
$416M |
Top Sells
| 1 |
Walmart
WMT
|
$1.48B |
| 2 |
VMW
VMware, Inc
VMW
|
$760M |
| 3 |
Bank of America
BAC
|
$670M |
| 4 |
HP
HPQ
|
$652M |
| 5 |
Goldman Sachs
GS
|
$581M |
Sector Composition
| 1 | Financials | 24.98% |
| 2 | Healthcare | 19.53% |
| 3 | Communication Services | 15.87% |
| 4 | Technology | 14.22% |
| 5 | Energy | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charles Schwab
SCHW
$174B
| $4.47B | 3.46% | 87,011,496 -1,240,471 | -1% | -$63.7M |
|
2
Capital One
COF
$145B
| $4.36B | 3.38% | 43,826,372 -101,029 | -0.2% | -$10.1M |
|
|
3
Bank of America
BAC
$376B
| $4.34B | 3.36% | 146,919,685 -22,694,446 | -13% | -$670M |
|
4
Wells Fargo
WFC
$263B
| $4.29B | 3.32% | 70,689,742 +994,937 | +1% | +$60.4M |
|
5
Novartis
NVS
$245B
| $3.74B | 2.9% | 44,579,387 -64,538 | -0.1% | -$5.42M |
|
|
6
Comcast
CMCSA
$125B
| $3.74B | 2.9% | 93,442,695 +17,456,326 | +23% | +$699M |
|
7
Hewlett Packard
HPE
$29.6B
| $3.42B | 2.65% | 238,392,731 +635,352 | +0.3% | +$9.12M |
|
8
Alphabet (Google) Class C
GOOG
$2.58T
| $3.36B | 2.6% | 3,211,798 -27,867 | -0.9% | -$29.2M |
|
9
Microsoft
MSFT
$3.77T
| $3.34B | 2.59% | 39,045,591 -1,185,164 | -3% | -$101M |
|
10
Schlumberger
SLB
$55B
| $3.32B | 2.57% | 49,242,673 +621,386 | +1% | +$41.9M |
|
11
Charter Communications
CHTR
$36.3B
| $3.14B | 2.43% | 9,348,060 -92,352 | -1% | -$31M |
|
|
12
Goldman Sachs
GS
$226B
| $2.94B | 2.28% | 11,536,453 -2,281,227 | -17% | -$581M |
|
|
13
Johnson Controls International
JCI
$69.9B
| $2.9B | 2.24% | 75,971,744 +10,918,457 | +17% | +$416M |
|
14
JPMorgan Chase
JPM
$829B
| $2.75B | 2.13% | 25,727,219 -112,078 | -0.4% | -$12M |
|
15
Sanofi
SNY
$121B
| $2.67B | 2.07% | 62,080,354 -102,727 | -0.2% | -$4.42M |
|
16
FedEx
FDX
$54.5B
| $2.67B | 2.07% | 10,686,413 -585,332 | -5% | -$146M |
|
17
American Express
AXP
$231B
| $2.62B | 2.03% | 26,415,489 -461,475 | -2% | -$45.8M |
|
|
ESRX
18
DELISTED
Express Scripts Holding Company
ESRX
| $2.6B | 2.01% | 34,767,794 -170,599 | -0.5% | -$12.7M |
|
|
APC
19
DELISTED
Anadarko Petroleum
APC
| $2.49B | 1.93% | 46,385,642 +164,614 | +0.4% | +$8.83M |
|
|
TFCFA
20
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $2.46B | 1.9% | 71,139,883 +235,621 | +0.3% | +$8.14M |
|
21
Bank of New York Mellon
BK
$74.5B
| $2.46B | 1.9% | 45,583,491 +1,788,213 | +4% | +$96.3M |
|
22
TE Connectivity
TEL
$61B
| $2.35B | 1.82% | 24,697,064 -2,411,773 | -9% | -$229M |
|
23
Cisco
CSCO
$274B
| $2.3B | 1.78% | 60,047,653 -3,438,204 | -5% | -$132M |
|
24
Cigna
CI
$80.3B
| $2.18B | 1.69% | 10,734,593 -2,273,660 | -17% | -$462M |
|
25
UnitedHealth
UNH
$281B
| $2.08B | 1.61% | 9,417,622 -188,002 | -2% | -$41.4M |
|