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 |
AT&T
T
|
$1.46B |
| 2 |
Comcast
CMCSA
|
$992M |
| 3 |
Charter Communications
CHTR
|
$529M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
$501M |
| 5 |
Altice USA
ATUS
|
$480M |
Top Sells
| 1 |
TWX
Time Warner Inc
TWX
|
$2.98B |
| 2 |
Merck
MRK
|
$636M |
| 3 |
Hewlett Packard
HPE
|
$544M |
| 4 |
MXIM
Maxim Integrated Products
MXIM
|
$456M |
| 5 |
Cisco
CSCO
|
$452M |
Sector Composition
| 1 | Financials | 23.81% |
| 2 | Healthcare | 19.47% |
| 3 | Communication Services | 17.6% |
| 4 | Technology | 13% |
| 5 | Energy | 7.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Wells Fargo
WFC
$263B
| $4.42B | 3.53% | 79,732,532 +2,350,251 | +3% | +$130M |
|
|
2
Comcast
CMCSA
$125B
| $4.33B | 3.46% | 132,016,633 +30,235,188 | +30% | +$992M |
|
3
Capital One
COF
$145B
| $3.98B | 3.18% | 43,286,662 +122,625 | +0.3% | +$11.3M |
|
4
Charles Schwab
SCHW
$174B
| $3.92B | 3.13% | 76,733,733 -8,750,713 | -10% | -$447M |
|
5
Bank of America
BAC
$376B
| $3.74B | 2.99% | 132,827,405 -2,707,030 | -2% | -$76.3M |
|
6
Microsoft
MSFT
$3.77T
| $3.73B | 2.98% | 37,789,269 -591,222 | -2% | -$58.3M |
|
7
Alphabet (Google) Class C
GOOG
$2.58T
| $3.53B | 2.82% | 3,167,044 +8,000 | +0.3% | +$8.93M |
|
|
8
Charter Communications
CHTR
$36.3B
| $3.5B | 2.79% | 11,923,076 +1,802,505 | +18% | +$529M |
|
|
TFCFA
9
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $3.4B | 2.71% | 68,369,433 -387,000 | -0.6% | -$19.2M |
|
10
Johnson Controls International
JCI
$69.9B
| $3.34B | 2.67% | 99,724,232 +4,359,721 | +5% | +$146M |
|
11
Novartis
NVS
$245B
| $3.33B | 2.66% | 44,131,862 -168,300 | -0.4% | -$12.7M |
|
|
APC
12
DELISTED
Anadarko Petroleum
APC
| $3.25B | 2.6% | 44,397,140 -1,527,852 | -3% | -$112M |
|
|
ESRX
13
DELISTED
Express Scripts Holding Company
ESRX
| $3.2B | 2.56% | 41,463,656 +6,486,037 | +19% | +$501M |
|
14
Schlumberger
SLB
$55B
| $2.88B | 2.3% | 43,023,403 -399,940 | -0.9% | -$26.8M |
|
|
15
Hewlett Packard
HPE
$29.6B
| $2.68B | 2.14% | 183,669,236 -37,215,425 | -17% | -$544M |
|
16
JPMorgan Chase
JPM
$829B
| $2.61B | 2.09% | 25,067,202 -196,888 | -0.8% | -$20.5M |
|
17
American Express
AXP
$231B
| $2.56B | 2.05% | 26,162,537 -34,525 | -0.1% | -$3.38M |
|
18
Sanofi
SNY
$121B
| $2.45B | 1.96% | 61,358,770 -153,770 | -0.2% | -$6.15M |
|
19
Bank of New York Mellon
BK
$74.5B
| $2.38B | 1.9% | 44,119,591 -798,350 | -2% | -$43.1M |
|
20
Goldman Sachs
GS
$226B
| $2.38B | 1.9% | 10,776,183 +107,660 | +1% | +$23.7M |
|
21
FedEx
FDX
$54.5B
| $2.34B | 1.87% | 10,325,300 -91,273 | -0.9% | -$20.7M |
|
22
Eli Lilly
LLY
$657B
| $2.31B | 1.84% | 27,020,471 +5,178,354 | +24% | +$442M |
|
23
MetLife
MET
$54.1B
| $2.02B | 1.62% | 46,367,312 +750,425 | +2% | +$32.7M |
|
24
TE Connectivity
TEL
$61B
| $2.01B | 1.61% | 22,312,099 -1,094,125 | -5% | -$98.5M |
|
25
GSK
GSK
$79.9B
| $1.94B | 1.55% | 48,158,337 -393,630 | -0.8% | -$15.9M |
|