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 |
TWX
Time Warner Inc
TWX
|
$1.01B |
| 2 |
Johnson Controls International
JCI
|
$683M |
| 3 |
Nutrien
NTR
|
$582M |
| 4 |
VMW
VMware, Inc
VMW
|
$397M |
| 5 |
Wells Fargo
WFC
|
$351M |
Top Sells
| 1 |
NetApp
NTAP
|
$708M |
| 2 |
AGU
Agrium
AGU
|
$635M |
| 3 |
Walmart
WMT
|
$508M |
| 4 |
Target
TGT
|
$437M |
| 5 |
UnitedHealth
UNH
|
$430M |
Sector Composition
| 1 | Financials | 25.08% |
| 2 | Healthcare | 19.03% |
| 3 | Communication Services | 16.65% |
| 4 | Technology | 14% |
| 5 | Energy | 6.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charles Schwab
SCHW
$174B
| $4.46B | 3.6% | 85,484,446 -1,527,050 | -2% | -$79.7M |
|
2
Capital One
COF
$145B
| $4.14B | 3.34% | 43,164,037 -662,335 | -2% | -$63.5M |
|
3
Bank of America
BAC
$376B
| $4.06B | 3.28% | 135,534,435 -11,385,250 | -8% | -$341M |
|
|
4
Wells Fargo
WFC
$263B
| $4.06B | 3.27% | 77,382,281 +6,692,539 | +9% | +$351M |
|
5
Hewlett Packard
HPE
$29.6B
| $3.87B | 3.13% | 220,884,661 -17,508,070 | -7% | -$307M |
|
6
Novartis
NVS
$245B
| $3.58B | 2.89% | 44,300,162 -279,225 | -0.6% | -$22.6M |
|
7
Microsoft
MSFT
$3.77T
| $3.5B | 2.83% | 38,380,491 -665,100 | -2% | -$60.7M |
|
8
Comcast
CMCSA
$125B
| $3.48B | 2.81% | 101,781,445 +8,338,750 | +9% | +$285M |
|
|
9
Johnson Controls International
JCI
$69.9B
| $3.36B | 2.71% | 95,364,511 +19,392,767 | +26% | +$683M |
|
10
Alphabet (Google) Class C
GOOG
$2.58T
| $3.26B | 2.63% | 3,159,044 -52,754 | -2% | -$54.4M |
|
11
Charter Communications
CHTR
$36.3B
| $3.15B | 2.54% | 10,120,571 +772,511 | +8% | +$240M |
|
|
TWX
12
DELISTED
Time Warner Inc
TWX
| $2.98B | 2.41% | 31,548,482 +10,664,051 | +51% | +$1.01B |
|
13
Schlumberger
SLB
$55B
| $2.81B | 2.27% | 43,423,343 -5,819,330 | -12% | -$377M |
|
14
JPMorgan Chase
JPM
$829B
| $2.78B | 2.24% | 25,264,090 -463,129 | -2% | -$50.9M |
|
|
APC
15
DELISTED
Anadarko Petroleum
APC
| $2.77B | 2.24% | 45,924,992 -460,650 | -1% | -$27.8M |
|
16
Goldman Sachs
GS
$226B
| $2.69B | 2.17% | 10,668,523 -867,930 | -8% | -$219M |
|
|
TFCFA
17
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $2.52B | 2.04% | 68,756,433 -2,383,450 | -3% | -$87.4M |
|
18
FedEx
FDX
$54.5B
| $2.5B | 2.02% | 10,416,573 -269,840 | -3% | -$64.8M |
|
19
Sanofi
SNY
$121B
| $2.47B | 1.99% | 61,512,540 -567,814 | -0.9% | -$22.8M |
|
20
American Express
AXP
$231B
| $2.44B | 1.97% | 26,197,062 -218,427 | -0.8% | -$20.4M |
|
|
ESRX
21
DELISTED
Express Scripts Holding Company
ESRX
| $2.42B | 1.95% | 34,977,619 +209,825 | +0.6% | +$14.5M |
|
22
TE Connectivity
TEL
$61B
| $2.34B | 1.89% | 23,406,224 -1,290,840 | -5% | -$129M |
|
23
Bank of New York Mellon
BK
$74.5B
| $2.31B | 1.87% | 44,917,941 -665,550 | -1% | -$34.3M |
|
24
Cisco
CSCO
$274B
| $2.16B | 1.74% | 50,300,958 -9,746,695 | -16% | -$418M |
|
25
MetLife
MET
$54.1B
| $2.09B | 1.69% | 45,616,887 +5,918,350 | +15% | +$272M |
|