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 |
BioMarin Pharmaceuticals
BMRN
|
$371M |
| 2 |
FedEx
FDX
|
$339M |
| 3 |
UnitedHealth
UNH
|
$303M |
| 4 |
Charles Schwab
SCHW
|
$225M |
| 5 |
Baidu
BIDU
|
$214M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
$1.01B |
| 2 |
AstraZeneca
AZN
|
$542M |
| 3 |
Johnson Controls International
JCI
|
$386M |
| 4 |
Capital One
COF
|
$201M |
| 5 |
TE Connectivity
TEL
|
$169M |
Sector Composition
| 1 | Financials | 25.13% |
| 2 | Healthcare | 18.68% |
| 3 | Technology | 14.5% |
| 4 | Communication Services | 13.82% |
| 5 | Energy | 10.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charles Schwab
SCHW
$174B
| $4.58B | 3.51% | 96,385,839 +4,741,229 | +5% | +$225M |
|
2
Wells Fargo
WFC
$263B
| $4.55B | 3.48% | 84,622,418 -659,844 | -0.8% | -$35.5M |
|
|
3
Capital One
COF
$145B
| $4.17B | 3.19% | 40,491,327 -1,954,875 | -5% | -$201M |
|
4
Alphabet (Google) Class C
GOOG
$2.58T
| $4.12B | 3.15% | 3,081,243 -35,139 | -1% | -$47M |
|
5
Charter Communications
CHTR
$36.3B
| $4.12B | 3.15% | 8,490,342 -316,869 | -4% | -$154M |
|
6
Microsoft
MSFT
$3.77T
| $4.04B | 3.09% | 25,589,923 -287,846 | -1% | -$45.4M |
|
7
Bank of America
BAC
$376B
| $4.01B | 3.07% | 113,787,247 -2,456,670 | -2% | -$86.5M |
|
|
8
FedEx
FDX
$54.5B
| $3.93B | 3.01% | 25,991,484 +2,240,214 | +9% | +$339M |
|
9
Comcast
CMCSA
$125B
| $3.8B | 2.91% | 84,596,475 -949,527 | -1% | -$42.7M |
|
10
Occidental Petroleum
OXY
$46.9B
| $3.64B | 2.78% | 88,236,727 -915,119 | -1% | -$37.7M |
|
11
Cigna
CI
$80.3B
| $3.52B | 2.69% | 17,203,620 -173,402 | -1% | -$35.5M |
|
|
12
Johnson Controls International
JCI
$69.9B
| $3.51B | 2.68% | 86,117,229 -9,472,672 | -10% | -$386M |
|
13
Bristol-Myers Squibb
BMY
$96B
| $3.23B | 2.47% | 50,268,777 -183,900 | -0.4% | -$11.8M |
|
14
Sanofi
SNY
$121B
| $2.96B | 2.27% | 59,054,293 -1,813,701 | -3% | -$91M |
|
15
Booking.com
BKNG
$181B
| $2.93B | 2.24% | 1,425,005 -19,587 | -1% | -$40.2M |
|
|
16
TE Connectivity
TEL
$61B
| $2.78B | 2.13% | 29,033,403 -1,768,434 | -6% | -$169M |
|
17
Goldman Sachs
GS
$226B
| $2.64B | 2.02% | 11,476,881 -300,015 | -3% | -$69M |
|
18
Microchip Technology
MCHP
$35.1B
| $2.62B | 2.01% | 25,036,146 -413,700 | -2% | -$43.3M |
|
19
RTX Corp
RTX
$212B
| $2.54B | 1.94% | 16,954,503 -71,705 | -0.4% | -$10.7M |
|
20
HP
HPQ
$26.7B
| $2.44B | 1.87% | 118,723,571 -238,000 | -0.2% | -$4.89M |
|
|
21
UnitedHealth
UNH
$281B
| $2.43B | 1.86% | 8,281,222 +1,029,093 | +14% | +$303M |
|
22
Novartis
NVS
$245B
| $2.39B | 1.83% | 25,205,581 -1,563,295 | -6% | -$148M |
|
23
MetLife
MET
$54.1B
| $2.37B | 1.81% | 46,452,543 -346,175 | -0.7% | -$17.6M |
|
24
Bank of New York Mellon
BK
$74.5B
| $2.34B | 1.79% | 46,398,022 -440,492 | -0.9% | -$22.2M |
|
25
Schlumberger
SLB
$55B
| $2.33B | 1.78% | 57,985,098 -1,083,882 | -2% | -$43.6M |
|