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 |
Meta Platforms (Facebook)
META
|
+$951M |
| 2 |
VMW
VMware, Inc
VMW
|
+$780M |
| 3 |
Williams Companies
WMB
|
+$682M |
| 4 |
Carrier Global
CARR
|
+$673M |
| 5 |
Otis Worldwide
OTIS
|
+$494M |
Top Sells
| 1 |
S
Sprint Corporation
S
|
+$769M |
| 2 |
RTX Corp
RTX
|
+$648M |
| 3 |
AstraZeneca
AZN
|
+$574M |
| 4 |
UnitedHealth
UNH
|
+$506M |
| 5 |
MXIM
Maxim Integrated Products
MXIM
|
+$469M |
Sector Composition
| 1 | Financials | 24.21% |
| 2 | Technology | 18.93% |
| 3 | Healthcare | 15.58% |
| 4 | Communication Services | 14.38% |
| 5 | Energy | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
FedEx
FDX
$74.9B
| $3.81B | 3.5% |
27,170,321
+246,309
| +0.9% | +$31M |
|
2
Alphabet (Google) Class C
GOOG
$4.28T
| $3.71B | 3.41% |
52,492,360
-6,421,720
| -11% | -$433M |
|
3
Microsoft
MSFT
$2.9T
| $3.63B | 3.34% |
17,842,059
-2,185,081
| -11% | -$397M |
|
4
Comcast
CMCSA
$85.6B
| $3.26B | 3% |
83,660,688
+900,047
| +1% | +$34.3M |
|
|
SCHW
5
Charles Schwab
SCHW
$178B
| $3.23B | 2.97% |
95,762,812
-5,391,291
| -5% | -$193M |
|
6
HP
HPQ
$22.7B
| $3.19B | 2.93% |
182,894,106
+28,565,810
| +19% | +$454M |
|
7
Bank of America
BAC
$422B
| $3.16B | 2.91% |
133,057,906
-2,541,256
| -2% | -$60M |
|
8
Johnson Controls International
JCI
$87.8B
| $3.16B | 2.91% |
92,532,992
+2,124,075
| +2% | +$65.3M |
|
9
Capital One
COF
$125B
| $2.97B | 2.73% |
47,473,473
+3,405,977
| +8% | +$212M |
|
10
Cigna
CI
$80.6B
| $2.73B | 2.51% |
14,545,724
-479,383
| -3% | -$90.9M |
|
11
TE Connectivity
TEL
$57.8B
| $2.69B | 2.48% |
33,004,208
+975,304
| +3% | +$73.5M |
|
12
Charter Communications
CHTR
$16.2B
| $2.69B | 2.48% |
5,276,343
-540,020
| -9% | -$274M |
|
13
Wells Fargo
WFC
$268B
| $2.65B | 2.43% |
103,357,551
+12,638,199
| +14% | +$346M |
|
14
Microchip Technology
MCHP
$45.7B
| $2.63B | 2.42% |
50,021,258
-6,681,536
| -12% | -$301M |
|
15
MetLife
MET
$59.9B
| $2.42B | 2.23% |
66,337,971
+7,276,396
| +12% | +$253M |
|
16
Goldman Sachs
GS
$309B
| $2.35B | 2.16% |
11,899,230
-787,858
| -6% | -$148M |
|
17
Booking.com
BKNG
$136B
| $2.35B | 2.16% |
36,853,350
-5,898,375
| -14% | -$359M |
|
18
Occidental Petroleum
OXY
$54.5B
| $2.26B | 2.08% |
123,677,174
+5,814,618
| +5% | +$91.6M |
|
|
BNY
19
Bank of New York Mellon
BNY
$104B
| $2.09B | 1.92% |
54,145,024
+6,251,720
| +13% | +$229M |
|
20
Sanofi
SNY
$105B
| $2.02B | 1.86% |
39,640,336
-8,622,856
| -18% | -$419M |
|
21
Dell
DELL
$276B
| $1.98B | 1.82% |
71,086,300
-4,199,077
| -6% | -$94.4M |
|
|
22
UnitedHealth
UNH
$390B
| $1.97B | 1.81% |
6,675,828
-1,766,486
| -21% | -$506M |
|
23
GSK
GSK
$105B
| $1.69B | 1.56% |
33,218,196
-2,010,356
| -6% | -$103M |
|
24
Novartis
NVS
$293B
| $1.69B | 1.55% |
19,353,787
-3,587,653
| -16% | -$310M |
|
25
Bristol-Myers Squibb
BMY
$121B
| $1.68B | 1.54% |
28,555,389
-7,721,685
| -21% | -$462M |
|
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