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 |
Occidental Petroleum
OXY
|
+$1.35B |
| 2 |
Cognizant
CTSH
|
+$1.13B |
| 3 |
HES
Hess
HES
|
+$597M |
| 4 |
Microchip Technology
MCHP
|
+$583M |
| 5 |
FedEx
FDX
|
+$538M |
Top Sells
| 1 |
APC
Anadarko Petroleum
APC
|
+$1.59B |
| 2 |
Comcast
CMCSA
|
+$1.31B |
| 3 |
Novartis
NVS
|
+$942M |
| 4 |
Eli Lilly
LLY
|
+$685M |
| 5 |
Union Pacific
UNP
|
+$645M |
Sector Composition
| 1 | Financials | 24.18% |
| 2 | Healthcare | 17.09% |
| 3 | Technology | 15.54% |
| 4 | Communication Services | 14.39% |
| 5 | Energy | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$16.2B
| $4.65B | 3.76% |
11,768,188
-128,314
| -1% | -$48.1M |
|
2
Microsoft
MSFT
$2.9T
| $4.2B | 3.4% |
31,360,290
-262,562
| -0.8% | -$33.3M |
|
3
Johnson Controls International
JCI
$87.8B
| $4.12B | 3.34% |
99,842,224
-8,417,386
| -8% | -$324M |
|
|
4
Comcast
CMCSA
$85.6B
| $4.05B | 3.27% |
95,716,441
-30,946,953
| -24% | -$1.31B |
|
5
Wells Fargo
WFC
$268B
| $3.97B | 3.21% |
83,837,773
+2,029,133
| +2% | +$94.9M |
|
6
Capital One
COF
$125B
| $3.76B | 3.04% |
41,392,870
+280,215
| +0.7% | +$25.1M |
|
|
7
FedEx
FDX
$74.9B
| $3.71B | 3% |
22,585,089
+3,071,810
| +16% | +$538M |
|
|
SCHW
8
Charles Schwab
SCHW
$178B
| $3.35B | 2.71% |
83,249,245
+6,863,357
| +9% | +$299M |
|
9
Bank of America
BAC
$422B
| $3.34B | 2.7% |
115,004,685
+260,692
| +0.2% | +$7.52M |
|
10
Alphabet (Google) Class C
GOOG
$4.28T
| $3.33B | 2.69% |
61,648,500
+790,920
| +1% | +$45.6M |
|
11
TE Connectivity
TEL
$57.8B
| $2.99B | 2.42% |
31,203,386
+92,320
| +0.3% | +$8.33M |
|
12
JPMorgan Chase
JPM
$896B
| $2.79B | 2.26% |
24,985,619
+42,854
| +0.2% | +$4.72M |
|
|
13
Occidental Petroleum
OXY
$54.5B
| $2.74B | 2.21% |
54,409,890
+24,041,890
| +79% | +$1.35B |
|
14
Booking.com
BKNG
$136B
| $2.7B | 2.19% |
36,062,475
+6,524,675
| +22% | +$469M |
|
|
15
Novartis
NVS
$293B
| $2.69B | 2.17% |
29,424,569
-11,135,999
| -27% | -$942M |
|
16
Sanofi
SNY
$105B
| $2.63B | 2.12% |
60,714,337
+123,798
| +0.2% | +$5.26M |
|
17
Cigna
CI
$80.6B
| $2.55B | 2.06% |
16,203,850
+2,954,197
| +22% | +$463M |
|
18
HP
HPQ
$22.7B
| $2.43B | 1.97% |
116,999,173
+24,912,434
| +27% | +$493M |
|
19
American Express
AXP
$242B
| $2.37B | 1.91% |
19,181,129
-4,395,795
| -19% | -$516M |
|
20
Goldman Sachs
GS
$309B
| $2.35B | 1.9% |
11,492,419
+102,526
| +0.9% | +$20.3M |
|
21
MetLife
MET
$59.9B
| $2.31B | 1.87% |
46,546,221
+117,038
| +0.3% | +$5.5M |
|
22
Bristol-Myers Squibb
BMY
$121B
| $2.25B | 1.82% |
49,644,524
+6,497,108
| +15% | +$303M |
|
|
23
Microchip Technology
MCHP
$45.7B
| $2.19B | 1.77% |
50,480,242
+13,111,276
| +35% | +$583M |
|
24
SLB Ltd
SLB
$70.8B
| $2.17B | 1.76% |
54,674,850
+518,344
| +1% | +$20.9M |
|
25
RTX Corp
RTX
$264B
| $2.12B | 1.72% |
25,888,811
+1,518,636
| +6% | +$127M |
|
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