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 |
RTX Corp
RTX
|
$1.31B |
| 2 |
Linde
LIN
|
$1.29B |
| 3 |
Occidental Petroleum
OXY
|
$1.11B |
| 4 |
Cigna
CI
|
$823M |
| 5 |
Microchip Technology
MCHP
|
$603M |
Top Sells
| 1 |
ESRX
Express Scripts Holding Company
ESRX
|
$3.79B |
| 2 |
Medtronic
MDT
|
$1.06B |
| 3 |
Eli Lilly
LLY
|
$832M |
| 4 |
Union Pacific
UNP
|
$803M |
| 5 |
Novartis
NVS
|
$649M |
Sector Composition
| 1 | Financials | 24.52% |
| 2 | Healthcare | 19.64% |
| 3 | Communication Services | 16.37% |
| 4 | Technology | 12.94% |
| 5 | Energy | 7.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Comcast
CMCSA
$125B
| $4.34B | 3.98% | 127,555,330 -4,971,033 | -4% | -$169M |
|
2
Wells Fargo
WFC
$263B
| $3.7B | 3.39% | 80,222,956 +374,664 | +0.5% | +$17.3M |
|
3
Charter Communications
CHTR
$36.3B
| $3.33B | 3.05% | 11,680,954 -243,384 | -2% | -$69.4M |
|
4
Microsoft
MSFT
$3.77T
| $3.25B | 2.98% | 31,983,072 -4,422,172 | -12% | -$449M |
|
|
5
Novartis
NVS
$245B
| $3.16B | 2.89% | 36,798,618 -7,562,769 | -17% | -$649M |
|
6
Charles Schwab
SCHW
$174B
| $3.16B | 2.89% | 76,016,388 +8,255 | +0% | +$343K |
|
7
Johnson Controls International
JCI
$69.9B
| $3.15B | 2.89% | 106,275,577 +6,812,578 | +7% | +$202M |
|
8
Alphabet (Google) Class C
GOOG
$2.58T
| $3.14B | 2.87% | 3,027,833 -68,202 | -2% | -$70.6M |
|
9
Capital One
COF
$145B
| $2.85B | 2.61% | 37,735,829 -398,572 | -1% | -$30.1M |
|
10
Bank of America
BAC
$376B
| $2.81B | 2.58% | 114,196,520 +620,135 | +0.5% | +$15.3M |
|
11
Sanofi
SNY
$121B
| $2.62B | 2.4% | 60,376,172 -734,368 | -1% | -$31.9M |
|
12
FedEx
FDX
$54.5B
| $2.57B | 2.36% | 15,945,178 +3,554,025 | +29% | +$573M |
|
|
13
Cigna
CI
$80.3B
| $2.51B | 2.3% | 13,231,894 +4,334,467 | +49% | +$823M |
|
14
American Express
AXP
$231B
| $2.46B | 2.26% | 25,846,978 -205,655 | -0.8% | -$19.6M |
|
15
JPMorgan Chase
JPM
$829B
| $2.42B | 2.22% | 24,808,398 -128,354 | -0.5% | -$12.5M |
|
16
Bank of New York Mellon
BK
$74.5B
| $2.37B | 2.17% | 50,269,750 +6,321,799 | +14% | +$298M |
|
17
Hewlett Packard
HPE
$29.6B
| $2.25B | 2.07% | 170,681,391 -5,345,201 | -3% | -$70.6M |
|
18
Bristol-Myers Squibb
BMY
$96B
| $2.21B | 2.03% | 42,587,957 +9,618,771 | +29% | +$500M |
|
19
Booking.com
BKNG
$181B
| $2B | 1.83% | 1,160,937 +49,551 | +4% | +$85.3M |
|
|
TFCFA
20
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $2B | 1.83% | 41,533,329 -6,919,063 | -14% | -$333M |
|
|
APC
21
DELISTED
Anadarko Petroleum
APC
| $1.93B | 1.77% | 44,065,467 +601,750 | +1% | +$26.4M |
|
22
MetLife
MET
$54.1B
| $1.89B | 1.74% | 46,141,883 -32,829 | -0.1% | -$1.35M |
|
23
AstraZeneca
AZN
$248B
| $1.88B | 1.72% | 49,516,401 -1,623,908 | -3% | -$61.7M |
|
24
TE Connectivity
TEL
$61B
| $1.85B | 1.69% | 24,400,495 +2,188,640 | +10% | +$166M |
|
25
GSK
GSK
$79.9B
| $1.83B | 1.68% | 47,986,487 -18,250 | -0% | -$697K |
|