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 |
Wells Fargo
WFC
|
$649M |
| 2 |
RTX Corp
RTX
|
$602M |
| 3 |
BioMarin Pharmaceuticals
BMRN
|
$312M |
| 4 |
Bank of New York Mellon
BK
|
$272M |
| 5 |
Williams Companies
WMB
|
$252M |
Top Sells
| 1 |
FedEx
FDX
|
$2.42B |
| 2 |
Microsoft
MSFT
|
$532M |
| 3 |
Goldman Sachs
GS
|
$470M |
| 4 |
Microchip Technology
MCHP
|
$438M |
| 5 |
Booking.com
BKNG
|
$400M |
Sector Composition
| 1 | Financials | 24.97% |
| 2 | Technology | 18.56% |
| 3 | Healthcare | 15.26% |
| 4 | Communication Services | 15% |
| 5 | Industrials | 10.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
FedEx
FDX
$54.5B
| $4.42B | 4.04% | 17,564,724 -9,605,597 | -35% | -$2.42B |
|
2
Comcast
CMCSA
$125B
| $3.86B | 3.54% | 83,543,744 -116,944 | -0.1% | -$5.41M |
|
3
Alphabet (Google) Class C
GOOG
$2.58T
| $3.76B | 3.45% | 2,561,896 -62,722 | -2% | -$92.2M |
|
4
Capital One
COF
$145B
| $3.63B | 3.32% | 50,498,247 +3,024,774 | +6% | +$217M |
|
5
Johnson Controls International
JCI
$69.9B
| $3.62B | 3.31% | 88,580,977 -3,952,015 | -4% | -$161M |
|
6
Charles Schwab
SCHW
$174B
| $3.47B | 3.17% | 95,662,469 -100,343 | -0.1% | -$3.64M |
|
7
Charter Communications
CHTR
$36.3B
| $3.24B | 2.96% | 5,189,523 -86,820 | -2% | -$54.2M |
|
|
8
Microsoft
MSFT
$3.77T
| $3.22B | 2.95% | 15,310,935 -2,531,124 | -14% | -$532M |
|
9
HP
HPQ
$26.7B
| $3.18B | 2.91% | 167,323,195 -15,570,911 | -9% | -$296M |
|
10
Bank of America
BAC
$376B
| $3.11B | 2.84% | 129,019,837 -4,038,069 | -3% | -$97.3M |
|
|
11
Wells Fargo
WFC
$263B
| $3.08B | 2.82% | 130,976,235 +27,618,684 | +27% | +$649M |
|
12
TE Connectivity
TEL
$61B
| $2.99B | 2.74% | 30,583,492 -2,420,716 | -7% | -$237M |
|
13
Cigna
CI
$80.3B
| $2.64B | 2.42% | 15,578,334 +1,032,610 | +7% | +$175M |
|
14
MetLife
MET
$54.1B
| $2.48B | 2.27% | 66,743,932 +405,961 | +0.6% | +$15.1M |
|
15
Dell
DELL
$82.6B
| $2.35B | 2.15% | 34,736,806 -1,292,743 | -4% | -$87.5M |
|
|
16
Microchip Technology
MCHP
$35.1B
| $2.13B | 1.95% | 20,751,913 -4,258,716 | -17% | -$438M |
|
|
17
Bank of New York Mellon
BK
$74.5B
| $2.13B | 1.95% | 62,058,579 +7,913,555 | +15% | +$272M |
|
|
18
Booking.com
BKNG
$181B
| $2.12B | 1.94% | 1,240,419 -233,715 | -16% | -$400M |
|
19
UnitedHealth
UNH
$281B
| $2.04B | 1.87% | 6,552,465 -123,363 | -2% | -$38.5M |
|
20
Sanofi
SNY
$121B
| $1.98B | 1.81% | 39,372,933 -267,403 | -0.7% | -$13.4M |
|
|
21
Goldman Sachs
GS
$226B
| $1.92B | 1.76% | 9,558,435 -2,340,795 | -20% | -$470M |
|
22
Novartis
NVS
$245B
| $1.89B | 1.73% | 21,791,175 +2,437,388 | +13% | +$212M |
|
|
23
RTX Corp
RTX
$212B
| $1.74B | 1.6% | 30,322,795 +10,463,128 | +53% | +$602M |
|
24
GSK
GSK
$79.9B
| $1.69B | 1.55% | 45,000,656 +3,477,911 | +8% | +$131M |
|
25
Bristol-Myers Squibb
BMY
$96B
| $1.64B | 1.5% | 27,199,986 -1,355,403 | -5% | -$81.7M |
|