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
|
+$1.64B |
| 2 |
Dell
DELL
|
+$486M |
| 3 |
Ovintiv
OVV
|
+$450M |
| 4 |
Fox Class A
FOXA
|
+$410M |
| 5 |
Baker Hughes
BKR
|
+$404M |
Top Sells
| 1 |
APC
Anadarko Petroleum
APC
|
+$1.53B |
| 2 |
Charter Communications
CHTR
|
+$1.19B |
| 3 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$763M |
| 4 |
Microsoft
MSFT
|
+$754M |
| 5 |
Danaher
DHR
|
+$645M |
Sector Composition
| 1 | Financials | 24.99% |
| 2 | Healthcare | 17.39% |
| 3 | Technology | 15.03% |
| 4 | Communication Services | 13.71% |
| 5 | Energy | 10.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Wells Fargo
WFC
$268B
| $4.3B | 3.54% |
85,282,262
+1,444,489
| +2% | +$68M |
|
2
Johnson Controls International
JCI
$87.8B
| $4.2B | 3.45% |
95,589,901
-4,252,323
| -4% | -$180M |
|
|
3
Occidental Petroleum
OXY
$54.5B
| $3.96B | 3.26% |
89,151,846
+34,741,956
| +64% | +$1.64B |
|
4
Capital One
COF
$125B
| $3.86B | 3.18% |
42,446,202
+1,053,332
| +3% | +$94.7M |
|
5
Comcast
CMCSA
$85.6B
| $3.86B | 3.17% |
85,546,002
-10,170,439
| -11% | -$451M |
|
|
SCHW
6
Charles Schwab
SCHW
$178B
| $3.83B | 3.15% |
91,644,610
+8,395,365
| +10% | +$339M |
|
7
Alphabet (Google) Class C
GOOG
$4.28T
| $3.8B | 3.13% |
62,327,640
+679,140
| +1% | +$40.2M |
|
|
8
Charter Communications
CHTR
$16.2B
| $3.63B | 2.99% |
8,807,211
-2,960,977
| -25% | -$1.19B |
|
|
9
Microsoft
MSFT
$2.9T
| $3.6B | 2.96% |
25,877,769
-5,482,521
| -17% | -$754M |
|
10
FedEx
FDX
$74.9B
| $3.46B | 2.84% |
23,751,270
+1,166,181
| +5% | +$188M |
|
11
Bank of America
BAC
$422B
| $3.39B | 2.79% |
116,243,917
+1,239,232
| +1% | +$35.6M |
|
12
TE Connectivity
TEL
$57.8B
| $2.87B | 2.36% |
30,801,837
-401,549
| -1% | -$37M |
|
13
Booking.com
BKNG
$136B
| $2.84B | 2.33% |
36,114,800
+52,325
| +0.1% | +$4.05M |
|
14
Sanofi
SNY
$105B
| $2.82B | 2.32% |
60,867,994
+153,657
| +0.3% | +$6.63M |
|
15
Cigna
CI
$80.6B
| $2.64B | 2.17% |
17,377,022
+1,173,172
| +7% | +$191M |
|
16
Bristol-Myers Squibb
BMY
$121B
| $2.56B | 2.11% |
50,452,677
+808,153
| +2% | +$38M |
|
17
JPMorgan Chase
JPM
$896B
| $2.51B | 2.06% |
21,315,910
-3,669,709
| -15% | -$415M |
|
18
Goldman Sachs
GS
$309B
| $2.44B | 2.01% |
11,776,896
+284,477
| +2% | +$59.5M |
|
19
Microchip Technology
MCHP
$45.7B
| $2.36B | 1.95% |
50,899,692
+419,450
| +0.8% | +$19M |
|
20
Novartis
NVS
$293B
| $2.33B | 1.91% |
26,768,876
-2,655,693
| -9% | -$238M |
|
21
RTX Corp
RTX
$264B
| $2.32B | 1.91% |
27,054,645
+1,165,834
| +5% | +$96.8M |
|
22
HP
HPQ
$22.7B
| $2.25B | 1.85% |
118,961,571
+1,962,398
| +2% | +$38.5M |
|
23
MetLife
MET
$59.9B
| $2.21B | 1.82% |
46,798,718
+252,497
| +0.5% | +$12M |
|
24
AstraZeneca
AZN
$263B
| $2.2B | 1.81% |
24,674,570
+6,089
| +0% | +$528K |
|
|
BNY
25
Bank of New York Mellon
BNY
$104B
| $2.12B | 1.74% |
46,838,514
+502,356
| +1% | +$22.4M |
|
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