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 |
Sanofi
SNY
|
$1.15B |
| 2 |
Cigna
CI
|
$676M |
| 3 |
Gilead Sciences
GILD
|
$580M |
| 4 |
Novartis
NVS
|
$394M |
| 5 |
Teck Resources
TECK
|
$366M |
Top Sells
| 1 |
Johnson Controls International
JCI
|
$251M |
| 2 |
APA Corp
APA
|
$183M |
| 3 |
HP
HPQ
|
$180M |
| 4 |
Capital One
COF
|
$180M |
| 5 |
Wells Fargo
WFC
|
$178M |
Sector Composition
| 1 | Financials | 25.43% |
| 2 | Technology | 17.73% |
| 3 | Healthcare | 16.49% |
| 4 | Communication Services | 15.93% |
| 5 | Energy | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Wells Fargo
WFC
$263B
| $6.48B | 4.22% | 139,595,771 -3,840,244 | -3% | -$178M |
|
2
Alphabet (Google) Class C
GOOG
$2.58T
| $5.65B | 3.68% | 2,119,085 -21,770 | -1% | -$58M |
|
|
3
Capital One
COF
$145B
| $5.57B | 3.63% | 34,406,141 -1,111,700 | -3% | -$180M |
|
4
Charles Schwab
SCHW
$174B
| $5.41B | 3.53% | 74,327,427 -796,040 | -1% | -$58M |
|
5
Comcast
CMCSA
$125B
| $4.68B | 3.05% | 83,708,074 -276,423 | -0.3% | -$15.5M |
|
|
6
Sanofi
SNY
$121B
| $4.54B | 2.96% | 94,120,066 +23,839,518 | +34% | +$1.15B |
|
|
7
Johnson Controls International
JCI
$69.9B
| $4.33B | 2.82% | 63,566,554 -3,681,656 | -5% | -$251M |
|
8
Charter Communications
CHTR
$36.3B
| $4.12B | 2.68% | 5,660,375 -47,786 | -0.8% | -$34.8M |
|
9
Dell
DELL
$82.6B
| $3.86B | 2.51% | 37,068,208 -446,258 | -1% | -$46.4M |
|
10
MetLife
MET
$54.1B
| $3.77B | 2.46% | 61,061,939 -466,976 | -0.8% | -$28.8M |
|
|
11
Cigna
CI
$80.3B
| $3.58B | 2.33% | 17,884,896 +3,377,385 | +23% | +$676M |
|
12
Microsoft
MSFT
$3.77T
| $3.42B | 2.23% | 12,142,568 -480,885 | -4% | -$136M |
|
13
Occidental Petroleum
OXY
$46.9B
| $3.41B | 2.22% | 115,301,087 -100,402 | -0.1% | -$2.97M |
|
14
GSK
GSK
$79.9B
| $3.36B | 2.19% | 88,017,914 -191,275 | -0.2% | -$7.31M |
|
15
RTX Corp
RTX
$212B
| $3.31B | 2.15% | 38,482,452 -756,750 | -2% | -$65.1M |
|
16
Bank of New York Mellon
BK
$74.5B
| $3.18B | 2.07% | 61,306,471 -442,851 | -0.7% | -$23M |
|
|
17
HP
HPQ
$26.7B
| $3.05B | 1.99% | 111,643,203 -6,590,100 | -6% | -$180M |
|
18
Bank of America
BAC
$376B
| $3.03B | 1.97% | 71,324,365 -2,459,272 | -3% | -$104M |
|
19
FedEx
FDX
$54.5B
| $2.99B | 1.95% | 13,643,874 +761,925 | +6% | +$167M |
|
20
Fiserv
FI
$75.1B
| $2.77B | 1.8% | 25,530,868 +2,534,819 | +11% | +$275M |
|
21
Goldman Sachs
GS
$226B
| $2.74B | 1.79% | 7,251,005 -33,645 | -0.5% | -$12.7M |
|
22
Cisco
CSCO
$274B
| $2.61B | 1.7% | 47,958,291 +378,965 | +0.8% | +$20.6M |
|
|
23
Gilead Sciences
GILD
$140B
| $2.6B | 1.7% | 37,266,692 +8,304,848 | +29% | +$580M |
|
24
TE Connectivity
TEL
$61B
| $2.45B | 1.59% | 17,837,580 -958,155 | -5% | -$131M |
|
25
Microchip Technology
MCHP
$35.1B
| $2.42B | 1.58% | 15,770,897 +1,215,485 | +8% | +$187M |
|