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 |
VMW
VMware, Inc
VMW
|
$1.99B |
| 2 |
Microchip Technology
MCHP
|
$1.2B |
| 3 |
Fiserv
FI
|
$1.03B |
| 4 |
Meta Platforms (Facebook)
META
|
$986M |
| 5 |
AB InBev
BUD
|
$911M |
Top Sells
| 1 |
Microsoft
MSFT
|
$742M |
| 2 |
American Express
AXP
|
$573M |
| 3 |
APA Corp
APA
|
$407M |
| 4 |
Wells Fargo
WFC
|
$296M |
| 5 |
HP
HPQ
|
$281M |
Sector Composition
| 1 | Financials | 24.36% |
| 2 | Technology | 18.85% |
| 3 | Healthcare | 17.34% |
| 4 | Communication Services | 14.97% |
| 5 | Industrials | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Wells Fargo
WFC
$263B
| $6.4B | 3.97% | 133,428,052 -6,167,719 | -4% | -$296M |
|
2
Charles Schwab
SCHW
$174B
| $6.19B | 3.83% | 73,586,595 -740,832 | -1% | -$62.3M |
|
3
Alphabet (Google) Class C
GOOG
$2.58T
| $5.92B | 3.66% | 2,044,565 -74,520 | -4% | -$216M |
|
4
Johnson Controls International
JCI
$69.9B
| $4.97B | 3.08% | 61,180,640 -2,385,914 | -4% | -$194M |
|
5
Capital One
COF
$145B
| $4.76B | 2.95% | 32,790,861 -1,615,280 | -5% | -$234M |
|
6
Sanofi
SNY
$121B
| $4.68B | 2.9% | 93,402,049 -718,017 | -0.8% | -$36M |
|
7
FedEx
FDX
$54.5B
| $4.31B | 2.67% | 16,674,920 +3,031,046 | +22% | +$784M |
|
8
Comcast
CMCSA
$125B
| $4.26B | 2.64% | 84,666,165 +958,091 | +1% | +$48.2M |
|
9
Cigna
CI
$80.3B
| $4.01B | 2.49% | 17,484,197 -400,699 | -2% | -$92M |
|
|
10
HP
HPQ
$26.7B
| $3.92B | 2.43% | 104,175,937 -7,467,266 | -7% | -$281M |
|
11
GSK
GSK
$79.9B
| $3.9B | 2.42% | 88,519,444 +501,530 | +0.6% | +$22.1M |
|
|
12
Fiserv
FI
$75.1B
| $3.68B | 2.28% | 35,432,277 +9,901,409 | +39% | +$1.03B |
|
13
MetLife
MET
$54.1B
| $3.67B | 2.27% | 58,725,183 -2,336,756 | -4% | -$146M |
|
14
Charter Communications
CHTR
$36.3B
| $3.57B | 2.21% | 5,473,257 -187,118 | -3% | -$122M |
|
15
Bank of New York Mellon
BK
$74.5B
| $3.38B | 2.1% | 58,247,004 -3,059,467 | -5% | -$178M |
|
|
16
Microsoft
MSFT
$3.77T
| $3.34B | 2.07% | 9,935,146 -2,207,422 | -18% | -$742M |
|
17
RTX Corp
RTX
$212B
| $3.3B | 2.04% | 38,322,057 -160,395 | -0.4% | -$13.8M |
|
18
Occidental Petroleum
OXY
$46.9B
| $3.26B | 2.02% | 112,531,760 -2,769,327 | -2% | -$80.3M |
|
19
Bank of America
BAC
$376B
| $3.07B | 1.9% | 68,901,490 -2,422,875 | -3% | -$108M |
|
20
Cisco
CSCO
$274B
| $2.98B | 1.85% | 47,099,346 -858,945 | -2% | -$54.4M |
|
|
VMW
21
DELISTED
VMware, Inc
VMW
| $2.95B | 1.83% | 25,453,582 +17,149,182 | +207% | +$1.99B |
|
22
Goldman Sachs
GS
$226B
| $2.79B | 1.73% | 7,303,170 +52,165 | +0.7% | +$20M |
|
23
TE Connectivity
TEL
$61B
| $2.76B | 1.71% | 17,125,954 -711,626 | -4% | -$115M |
|
24
Gilead Sciences
GILD
$140B
| $2.7B | 1.67% | 37,174,777 -91,915 | -0.2% | -$6.67M |
|
25
Cognizant
CTSH
$35.3B
| $2.59B | 1.61% | 29,235,581 -486,592 | -2% | -$43.2M |
|