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
|
$1.21B |
| 2 |
Cognizant
CTSH
|
$1.09B |
| 3 |
HES
Hess
HES
|
$613M |
| 4 |
Microchip Technology
MCHP
|
$568M |
| 5 |
HP
HPQ
|
$518M |
Top Sells
| 1 |
APC
Anadarko Petroleum
APC
|
$1.67B |
| 2 |
Comcast
CMCSA
|
$1.31B |
| 3 |
Eli Lilly
LLY
|
$645M |
| 4 |
AT&T
T
|
$643M |
| 5 |
Union Pacific
UNP
|
$636M |
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 |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$36.3B
| $4.65B | 3.76% | 11,768,188 -128,314 | -1% | -$50.7M |
|
2
Microsoft
MSFT
$3.77T
| $4.2B | 3.4% | 31,360,290 -262,562 | -0.8% | -$35.2M |
|
3
Johnson Controls International
JCI
$69.9B
| $4.12B | 3.34% | 99,842,224 -8,417,386 | -8% | -$348M |
|
|
4
Comcast
CMCSA
$125B
| $4.05B | 3.27% | 95,716,441 -30,946,953 | -24% | -$1.31B |
|
5
Wells Fargo
WFC
$263B
| $3.97B | 3.21% | 83,837,773 +2,029,133 | +2% | +$96M |
|
6
Capital One
COF
$145B
| $3.76B | 3.04% | 41,392,870 +280,215 | +0.7% | +$25.4M |
|
7
FedEx
FDX
$54.5B
| $3.71B | 3% | 22,585,089 +3,071,810 | +16% | +$504M |
|
8
Charles Schwab
SCHW
$174B
| $3.35B | 2.71% | 83,249,245 +6,863,357 | +9% | +$276M |
|
9
Bank of America
BAC
$376B
| $3.34B | 2.7% | 115,004,685 +260,692 | +0.2% | +$7.56M |
|
10
Alphabet (Google) Class C
GOOG
$2.58T
| $3.33B | 2.69% | 3,082,425 +39,546 | +1% | +$42.7M |
|
11
TE Connectivity
TEL
$61B
| $2.99B | 2.42% | 31,203,386 +92,320 | +0.3% | +$8.84M |
|
12
JPMorgan Chase
JPM
$829B
| $2.79B | 2.26% | 24,985,619 +42,854 | +0.2% | +$4.79M |
|
|
13
Occidental Petroleum
OXY
$46.9B
| $2.74B | 2.21% | 54,409,890 +24,041,890 | +79% | +$1.21B |
|
14
Booking.com
BKNG
$181B
| $2.7B | 2.19% | 1,442,499 +260,987 | +22% | +$489M |
|
15
Novartis
NVS
$245B
| $2.69B | 2.17% | 29,424,569 -6,920,026 | -19% | -$632M |
|
16
Sanofi
SNY
$121B
| $2.63B | 2.12% | 60,714,337 +123,798 | +0.2% | +$5.36M |
|
17
Cigna
CI
$80.3B
| $2.55B | 2.06% | 16,203,850 +2,954,197 | +22% | +$465M |
|
|
18
HP
HPQ
$26.7B
| $2.43B | 1.97% | 116,999,173 +24,912,434 | +27% | +$518M |
|
19
American Express
AXP
$231B
| $2.37B | 1.91% | 19,181,129 -4,395,795 | -19% | -$543M |
|
20
Goldman Sachs
GS
$226B
| $2.35B | 1.9% | 11,492,419 +102,526 | +0.9% | +$21M |
|
21
MetLife
MET
$54.1B
| $2.31B | 1.87% | 46,546,221 +117,038 | +0.3% | +$5.81M |
|
22
Bristol-Myers Squibb
BMY
$96B
| $2.25B | 1.82% | 49,644,524 +6,497,108 | +15% | +$295M |
|
|
23
Microchip Technology
MCHP
$35.1B
| $2.19B | 1.77% | 25,240,121 +6,555,638 | +35% | +$568M |
|
24
Schlumberger
SLB
$55B
| $2.17B | 1.76% | 54,674,850 +518,344 | +1% | +$20.6M |
|
25
RTX Corp
RTX
$212B
| $2.12B | 1.72% | 16,292,518 +955,718 | +6% | +$124M |
|