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 |
T-Mobile US
TMUS
|
$1.33B |
| 2 |
Honda
HMC
|
$964M |
| 3 |
Fiserv
FI
|
$919M |
| 4 |
Incyte
INCY
|
$781M |
| 5 |
Gilead Sciences
GILD
|
$723M |
Top Sells
| 1 |
Capital One
COF
|
$1.09B |
| 2 |
Hewlett Packard
HPE
|
$604M |
| 3 |
APA Corp
APA
|
$437M |
| 4 |
Johnson Controls International
JCI
|
$367M |
| 5 |
Goldman Sachs
GS
|
$296M |
Sector Composition
| 1 | Financials | 24.9% |
| 2 | Technology | 17.6% |
| 3 | Communication Services | 15.85% |
| 4 | Healthcare | 15.64% |
| 5 | Energy | 9.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Wells Fargo
WFC
$263B
| $6.5B | 4.25% | 143,436,015 -4,641,310 | -3% | -$210M |
|
|
2
Capital One
COF
$145B
| $5.49B | 3.59% | 35,517,841 -7,042,256 | -17% | -$1.09B |
|
3
Charles Schwab
SCHW
$174B
| $5.47B | 3.58% | 75,123,467 -2,070,595 | -3% | -$151M |
|
4
Alphabet (Google) Class C
GOOG
$2.58T
| $5.37B | 3.51% | 2,140,855 -41,539 | -2% | -$104M |
|
5
Comcast
CMCSA
$125B
| $4.79B | 3.13% | 83,984,497 -1,216,246 | -1% | -$69.4M |
|
|
6
Johnson Controls International
JCI
$69.9B
| $4.62B | 3.02% | 67,248,210 -5,345,622 | -7% | -$367M |
|
7
Charter Communications
CHTR
$36.3B
| $4.12B | 2.69% | 5,708,161 +46,540 | +0.8% | +$33.6M |
|
8
FedEx
FDX
$54.5B
| $3.84B | 2.51% | 12,881,949 -647,695 | -5% | -$193M |
|
9
Dell
DELL
$82.6B
| $3.74B | 2.45% | 37,514,466 -1,675,566 | -4% | -$167M |
|
10
Sanofi
SNY
$121B
| $3.7B | 2.42% | 70,280,548 +1,219,164 | +2% | +$64.2M |
|
11
MetLife
MET
$54.1B
| $3.68B | 2.41% | 61,528,915 -2,982,150 | -5% | -$178M |
|
12
Occidental Petroleum
OXY
$46.9B
| $3.61B | 2.36% | 115,401,489 -549,190 | -0.5% | -$17.2M |
|
13
HP
HPQ
$26.7B
| $3.57B | 2.33% | 118,233,303 -7,071,796 | -6% | -$213M |
|
14
GSK
GSK
$79.9B
| $3.51B | 2.3% | 88,209,189 +261,944 | +0.3% | +$10.4M |
|
15
Cigna
CI
$80.3B
| $3.44B | 2.25% | 14,507,511 -525,374 | -3% | -$125M |
|
16
Microsoft
MSFT
$3.77T
| $3.42B | 2.24% | 12,623,453 -343,793 | -3% | -$93.1M |
|
17
RTX Corp
RTX
$212B
| $3.35B | 2.19% | 39,239,202 -306,200 | -0.8% | -$26.1M |
|
18
Bank of New York Mellon
BK
$74.5B
| $3.16B | 2.07% | 61,749,322 +251,485 | +0.4% | +$12.9M |
|
19
Bank of America
BAC
$376B
| $3.04B | 1.99% | 73,783,637 -5,425,650 | -7% | -$224M |
|
|
20
Goldman Sachs
GS
$226B
| $2.76B | 1.81% | 7,284,650 -779,254 | -10% | -$296M |
|
21
TE Connectivity
TEL
$61B
| $2.54B | 1.66% | 18,795,735 -1,508,852 | -7% | -$204M |
|
22
Cisco
CSCO
$274B
| $2.52B | 1.65% | 47,579,326 +6,426,193 | +16% | +$341M |
|
|
23
Fiserv
FI
$75.1B
| $2.46B | 1.61% | 22,996,049 +8,599,663 | +60% | +$919M |
|
24
Novartis
NVS
$245B
| $2.23B | 1.46% | 24,453,265 +2,783,028 | +13% | +$254M |
|
25
Microchip Technology
MCHP
$35.1B
| $2.18B | 1.43% | 14,555,412 -500,300 | -3% | -$74.9M |
|