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 |
Fiserv
FI
|
$723M |
| 2 |
GSK
GSK
|
$660M |
| 3 |
RTX Corp
RTX
|
$628M |
| 4 |
Wells Fargo
WFC
|
$527M |
| 5 |
Cisco
CSCO
|
$370M |
Top Sells
| 1 |
FedEx
FDX
|
$997M |
| 2 |
TE Connectivity
TEL
|
$880M |
| 3 |
Bank of America
BAC
|
$603M |
| 4 |
AstraZeneca
AZN
|
$575M |
| 5 |
Charles Schwab
SCHW
|
$564M |
Sector Composition
| 1 | Financials | 27.05% |
| 2 | Technology | 18.36% |
| 3 | Communication Services | 14.15% |
| 4 | Healthcare | 14.14% |
| 5 | Industrials | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Capital One
COF
$145B
| $4.95B | 3.92% | 50,103,507 -394,740 | -0.8% | -$39M |
|
|
2
Charles Schwab
SCHW
$174B
| $4.51B | 3.57% | 85,027,078 -10,635,391 | -11% | -$564M |
|
|
3
Wells Fargo
WFC
$263B
| $4.48B | 3.54% | 148,429,020 +17,452,785 | +13% | +$527M |
|
4
Comcast
CMCSA
$125B
| $4.2B | 3.32% | 80,140,711 -3,403,033 | -4% | -$178M |
|
5
Alphabet (Google) Class C
GOOG
$2.58T
| $4.02B | 3.18% | 2,292,527 -269,369 | -11% | -$472M |
|
6
Johnson Controls International
JCI
$69.9B
| $3.8B | 3.01% | 81,664,782 -6,916,195 | -8% | -$322M |
|
7
HP
HPQ
$26.7B
| $3.68B | 2.91% | 149,699,491 -17,623,704 | -11% | -$433M |
|
|
8
FedEx
FDX
$54.5B
| $3.56B | 2.82% | 13,724,137 -3,840,587 | -22% | -$997M |
|
9
Cigna
CI
$80.3B
| $3.37B | 2.66% | 16,166,923 +588,589 | +4% | +$123M |
|
|
10
Bank of America
BAC
$376B
| $3.31B | 2.62% | 109,130,094 -19,889,743 | -15% | -$603M |
|
11
Charter Communications
CHTR
$36.3B
| $3.17B | 2.51% | 4,794,701 -394,822 | -8% | -$261M |
|
12
MetLife
MET
$54.1B
| $3.11B | 2.46% | 66,215,913 -528,019 | -0.8% | -$24.8M |
|
13
Microsoft
MSFT
$3.77T
| $3.08B | 2.43% | 13,830,801 -1,480,134 | -10% | -$329M |
|
|
14
TE Connectivity
TEL
$61B
| $2.82B | 2.23% | 23,312,540 -7,270,952 | -24% | -$880M |
|
|
15
RTX Corp
RTX
$212B
| $2.8B | 2.21% | 39,109,917 +8,787,122 | +29% | +$628M |
|
16
Dell
DELL
$82.6B
| $2.73B | 2.16% | 37,307,662 +2,570,856 | +7% | +$188M |
|
17
Bank of New York Mellon
BK
$74.5B
| $2.61B | 2.06% | 61,388,437 -670,142 | -1% | -$28.4M |
|
18
Booking.com
BKNG
$181B
| $2.58B | 2.04% | 1,159,067 -81,352 | -7% | -$181M |
|
19
Microchip Technology
MCHP
$35.1B
| $2.52B | 2% | 18,281,484 -2,470,429 | -12% | -$341M |
|
20
Goldman Sachs
GS
$226B
| $2.36B | 1.86% | 8,937,447 -620,988 | -6% | -$164M |
|
|
21
GSK
GSK
$79.9B
| $2.32B | 1.83% | 62,935,758 +17,935,102 | +40% | +$660M |
|
22
Occidental Petroleum
OXY
$46.9B
| $2.08B | 1.65% | 120,216,247 -1,092,769 | -0.9% | -$18.9M |
|
23
Novartis
NVS
$245B
| $2.04B | 1.61% | 21,615,801 -175,374 | -0.8% | -$16.6M |
|
24
Sanofi
SNY
$121B
| $1.94B | 1.54% | 40,004,409 +631,476 | +2% | +$30.7M |
|
25
Hewlett Packard
HPE
$29.6B
| $1.88B | 1.49% | 158,656,219 +1,594,162 | +1% | +$18.9M |
|