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 |
UBS Group
UBS
|
$1.67B |
| 2 |
CVS Health
CVS
|
$1.19B |
| 3 |
Booking.com
BKNG
|
$839M |
| 4 |
Microchip Technology
MCHP
|
$828M |
| 5 |
FedEx
FDX
|
$497M |
Top Sells
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
$923M |
| 2 |
Bank of America
BAC
|
$567M |
| 3 |
AT&T
T
|
$560M |
| 4 |
VMW
VMware, Inc
VMW
|
$490M |
| 5 |
Capital One
COF
|
$489M |
Sector Composition
| 1 | Financials | 23.48% |
| 2 | Healthcare | 21.17% |
| 3 | Communication Services | 16.32% |
| 4 | Technology | 13.69% |
| 5 | Energy | 7.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Comcast
CMCSA
$125B
| $4.69B | 3.59% | 132,526,363 +509,730 | +0.4% | +$18M |
|
2
Wells Fargo
WFC
$263B
| $4.2B | 3.21% | 79,848,292 +115,760 | +0.1% | +$6.08M |
|
3
Microsoft
MSFT
$3.77T
| $4.16B | 3.19% | 36,405,244 -1,384,025 | -4% | -$158M |
|
4
Charter Communications
CHTR
$36.3B
| $3.89B | 2.97% | 11,924,338 +1,262 | +0% | +$411K |
|
5
Novartis
NVS
$245B
| $3.82B | 2.92% | 44,361,387 +229,525 | +0.5% | +$19.8M |
|
|
ESRX
6
DELISTED
Express Scripts Holding Company
ESRX
| $3.79B | 2.9% | 39,936,856 -1,526,800 | -4% | -$145M |
|
7
Charles Schwab
SCHW
$174B
| $3.74B | 2.86% | 76,008,133 -725,600 | -0.9% | -$35.7M |
|
8
Alphabet (Google) Class C
GOOG
$2.58T
| $3.7B | 2.83% | 3,096,035 -71,009 | -2% | -$84.7M |
|
|
9
Capital One
COF
$145B
| $3.62B | 2.77% | 38,134,401 -5,152,261 | -12% | -$489M |
|
10
Johnson Controls International
JCI
$69.9B
| $3.48B | 2.66% | 99,462,999 -261,233 | -0.3% | -$9.14M |
|
|
11
Bank of America
BAC
$376B
| $3.35B | 2.56% | 113,576,385 -19,251,020 | -14% | -$567M |
|
|
12
FedEx
FDX
$54.5B
| $2.98B | 2.28% | 12,391,153 +2,065,853 | +20% | +$497M |
|
|
APC
13
DELISTED
Anadarko Petroleum
APC
| $2.93B | 2.24% | 43,463,717 -933,423 | -2% | -$62.9M |
|
14
Hewlett Packard
HPE
$29.6B
| $2.87B | 2.2% | 176,026,592 -7,642,644 | -4% | -$125M |
|
15
JPMorgan Chase
JPM
$829B
| $2.81B | 2.15% | 24,936,752 -130,450 | -0.5% | -$14.7M |
|
16
American Express
AXP
$231B
| $2.77B | 2.12% | 26,052,633 -109,904 | -0.4% | -$11.7M |
|
17
Sanofi
SNY
$121B
| $2.73B | 2.09% | 61,110,540 -248,230 | -0.4% | -$11.1M |
|
18
Schlumberger
SLB
$55B
| $2.52B | 1.93% | 41,418,305 -1,605,098 | -4% | -$97.8M |
|
19
Eli Lilly
LLY
$657B
| $2.44B | 1.86% | 22,692,971 -4,327,500 | -16% | -$464M |
|
20
Goldman Sachs
GS
$226B
| $2.27B | 1.74% | 10,129,233 -646,950 | -6% | -$145M |
|
|
TFCFA
21
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $2.24B | 1.72% | 48,452,392 -19,917,041 | -29% | -$923M |
|
22
Bank of New York Mellon
BK
$74.5B
| $2.24B | 1.71% | 43,947,951 -171,640 | -0.4% | -$8.75M |
|
|
23
Booking.com
BKNG
$181B
| $2.2B | 1.69% | 1,111,386 +423,004 | +61% | +$839M |
|
24
MetLife
MET
$54.1B
| $2.16B | 1.65% | 46,174,712 -192,600 | -0.4% | -$9M |
|
25
HP
HPQ
$26.7B
| $2.11B | 1.61% | 81,743,986 -670,747 | -0.8% | -$17.3M |
|