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 |
State Street
STT
|
$840M |
| 2 |
HP
HPQ
|
$618M |
| 3 |
Dell
DELL
|
$554M |
| 4 |
Bank of America
BAC
|
$463M |
| 5 |
Cisco
CSCO
|
$448M |
Top Sells
| 1 |
Charter Communications
CHTR
|
$1.17B |
| 2 |
Eli Lilly
LLY
|
$1.08B |
| 3 |
Microsoft
MSFT
|
$877M |
| 4 |
Bristol-Myers Squibb
BMY
|
$780M |
| 5 |
Sanofi
SNY
|
$472M |
Sector Composition
| 1 | Financials | 24.47% |
| 2 | Healthcare | 19.44% |
| 3 | Technology | 17.53% |
| 4 | Communication Services | 13.51% |
| 5 | Industrials | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$2.58T
| $3.43B | 3.71% | 2,945,704 -135,539 | -4% | -$158M |
|
2
Charles Schwab
SCHW
$174B
| $3.4B | 3.68% | 101,154,103 +4,768,264 | +5% | +$160M |
|
3
FedEx
FDX
$54.5B
| $3.26B | 3.53% | 26,924,012 +932,528 | +4% | +$113M |
|
|
4
Microsoft
MSFT
$3.77T
| $3.16B | 3.42% | 20,027,140 -5,562,783 | -22% | -$877M |
|
|
5
Bank of America
BAC
$376B
| $2.88B | 3.11% | 135,599,162 +21,811,915 | +19% | +$463M |
|
6
Comcast
CMCSA
$125B
| $2.85B | 3.08% | 82,760,641 -1,835,834 | -2% | -$63.1M |
|
|
7
HP
HPQ
$26.7B
| $2.68B | 2.9% | 154,328,296 +35,604,725 | +30% | +$618M |
|
8
Cigna
CI
$80.3B
| $2.66B | 2.88% | 15,025,107 -2,178,513 | -13% | -$386M |
|
9
Wells Fargo
WFC
$263B
| $2.6B | 2.82% | 90,719,352 +6,096,934 | +7% | +$175M |
|
|
10
Charter Communications
CHTR
$36.3B
| $2.54B | 2.75% | 5,816,363 -2,673,979 | -31% | -$1.17B |
|
11
Johnson Controls International
JCI
$69.9B
| $2.44B | 2.64% | 90,408,917 +4,291,688 | +5% | +$116M |
|
12
Booking.com
BKNG
$181B
| $2.3B | 2.49% | 1,710,069 +285,064 | +20% | +$384M |
|
13
Capital One
COF
$145B
| $2.22B | 2.4% | 44,067,496 +3,576,169 | +9% | +$180M |
|
|
14
Sanofi
SNY
$121B
| $2.11B | 2.28% | 48,263,192 -10,791,101 | -18% | -$472M |
|
15
UnitedHealth
UNH
$281B
| $2.11B | 2.28% | 8,442,314 +161,092 | +2% | +$40.2M |
|
|
16
Bristol-Myers Squibb
BMY
$96B
| $2.02B | 2.19% | 36,277,074 -13,991,703 | -28% | -$780M |
|
17
TE Connectivity
TEL
$61B
| $2.02B | 2.18% | 32,028,904 +2,995,501 | +10% | +$189M |
|
18
Goldman Sachs
GS
$226B
| $1.96B | 2.12% | 12,687,088 +1,210,207 | +11% | +$187M |
|
19
Microchip Technology
MCHP
$35.1B
| $1.92B | 2.08% | 28,351,397 +3,315,251 | +13% | +$225M |
|
20
Novartis
NVS
$245B
| $1.89B | 2.05% | 22,941,440 -2,264,141 | -9% | -$187M |
|
21
MetLife
MET
$54.1B
| $1.81B | 1.95% | 59,061,575 +12,609,032 | +27% | +$385M |
|
22
RTX Corp
RTX
$212B
| $1.8B | 1.94% | 19,038,170 +2,083,667 | +12% | +$197M |
|
23
GSK
GSK
$79.9B
| $1.67B | 1.8% | 44,035,690 -2,352,529 | -5% | -$89.1M |
|
24
Bank of New York Mellon
BK
$74.5B
| $1.61B | 1.74% | 47,893,304 +1,495,282 | +3% | +$50.4M |
|
|
25
Dell
DELL
$82.6B
| $1.51B | 1.63% | 38,157,819 +14,018,454 | +58% | +$554M |
|