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 |
FedEx
FDX
|
$647M |
| 2 |
Schlumberger
SLB
|
$554M |
| 3 |
TE Connectivity
TEL
|
$542M |
| 4 |
Fox Class A
FOXA
|
$487M |
| 5 |
RTX Corp
RTX
|
$392M |
Top Sells
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
$2B |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
$577M |
| 3 |
Altice USA
ATUS
|
$411M |
| 4 |
American Express
AXP
|
$248M |
| 5 |
Hewlett Packard
HPE
|
$212M |
Sector Composition
| 1 | Financials | 23.78% |
| 2 | Healthcare | 18.15% |
| 3 | Communication Services | 15.13% |
| 4 | Technology | 13.75% |
| 5 | Energy | 8.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Comcast
CMCSA
$125B
| $5.06B | 4.16% | 126,663,394 -891,936 | -0.7% | -$35.7M |
|
2
Charter Communications
CHTR
$36.3B
| $4.13B | 3.39% | 11,896,502 +215,548 | +2% | +$74.8M |
|
3
Johnson Controls International
JCI
$69.9B
| $4B | 3.28% | 108,259,610 +1,984,033 | +2% | +$73.3M |
|
4
Wells Fargo
WFC
$263B
| $3.95B | 3.25% | 81,808,640 +1,585,684 | +2% | +$76.6M |
|
5
Microsoft
MSFT
$3.77T
| $3.73B | 3.06% | 31,622,852 -360,220 | -1% | -$42.5M |
|
6
Alphabet (Google) Class C
GOOG
$2.58T
| $3.57B | 2.93% | 3,042,879 +15,046 | +0.5% | +$17.7M |
|
|
7
FedEx
FDX
$54.5B
| $3.54B | 2.91% | 19,513,279 +3,568,101 | +22% | +$647M |
|
8
Novartis
NVS
$245B
| $3.49B | 2.87% | 36,344,595 -454,023 | -1% | -$43.6M |
|
9
Capital One
COF
$145B
| $3.36B | 2.76% | 41,112,655 +3,376,826 | +9% | +$276M |
|
10
Charles Schwab
SCHW
$174B
| $3.27B | 2.68% | 76,385,888 +369,500 | +0.5% | +$15.8M |
|
11
Bank of America
BAC
$376B
| $3.17B | 2.6% | 114,743,993 +547,473 | +0.5% | +$15.1M |
|
12
Sanofi
SNY
$121B
| $2.68B | 2.2% | 60,590,539 +214,367 | +0.4% | +$9.49M |
|
|
13
American Express
AXP
$231B
| $2.58B | 2.12% | 23,576,924 -2,270,054 | -9% | -$248M |
|
14
JPMorgan Chase
JPM
$829B
| $2.52B | 2.07% | 24,942,765 +134,367 | +0.5% | +$13.6M |
|
15
Bank of New York Mellon
BK
$74.5B
| $2.52B | 2.07% | 50,051,150 -218,600 | -0.4% | -$11M |
|
|
16
TE Connectivity
TEL
$61B
| $2.51B | 2.06% | 31,111,066 +6,710,571 | +28% | +$542M |
|
|
17
Hewlett Packard
HPE
$29.6B
| $2.42B | 1.99% | 156,936,903 -13,744,488 | -8% | -$212M |
|
|
18
Schlumberger
SLB
$55B
| $2.36B | 1.94% | 54,156,506 +12,722,193 | +31% | +$554M |
|
19
Goldman Sachs
GS
$226B
| $2.19B | 1.8% | 11,389,893 +718,256 | +7% | +$138M |
|
20
Cigna
CI
$80.3B
| $2.13B | 1.75% | 13,249,653 +17,759 | +0.1% | +$2.86M |
|
|
APC
21
DELISTED
Anadarko Petroleum
APC
| $2.06B | 1.7% | 45,401,436 +1,335,969 | +3% | +$60.8M |
|
22
Booking.com
BKNG
$181B
| $2.06B | 1.69% | 1,181,512 +20,575 | +2% | +$35.9M |
|
23
Bristol-Myers Squibb
BMY
$96B
| $2.06B | 1.69% | 43,147,416 +559,459 | +1% | +$26.7M |
|
24
Occidental Petroleum
OXY
$46.9B
| $2.01B | 1.65% | 30,368,000 +2,385,585 | +9% | +$158M |
|
25
GSK
GSK
$79.9B
| $2.01B | 1.65% | 48,081,945 +95,458 | +0.2% | +$3.99M |
|