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 |
Regeneron Pharmaceuticals
REGN
|
$1.37B |
| 2 |
GE Aerospace
GE
|
$938M |
| 3 |
Meta Platforms (Facebook)
META
|
$881M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
$804M |
| 5 |
UBS Group
UBS
|
$804M |
Top Sells
| 1 |
Bank of America
BAC
|
$1.07B |
| 2 |
Schlumberger
SLB
|
$1.07B |
| 3 |
HES
Hess
HES
|
$1.02B |
| 4 |
HP
HPQ
|
$959M |
| 5 |
Baker Hughes
BKR
|
$724M |
Sector Composition
| 1 | Financials | 23.3% |
| 2 | Healthcare | 17.99% |
| 3 | Technology | 16.88% |
| 4 | Communication Services | 15.05% |
| 5 | Energy | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charles Schwab
SCHW
$174B
| $6.09B | 3.7% | 72,239,181 -1,347,414 | -2% | -$114M |
|
2
Wells Fargo
WFC
$263B
| $6B | 3.65% | 123,850,397 -9,577,655 | -7% | -$464M |
|
3
Occidental Petroleum
OXY
$46.9B
| $5.71B | 3.47% | 100,709,066 -11,822,694 | -11% | -$671M |
|
4
Alphabet (Google) Class C
GOOG
$2.58T
| $5.69B | 3.46% | 2,035,867 -8,698 | -0.4% | -$24.3M |
|
5
Sanofi
SNY
$121B
| $4.72B | 2.87% | 92,006,724 -1,395,325 | -1% | -$71.6M |
|
6
Capital One
COF
$145B
| $4.33B | 2.63% | 32,964,956 +174,095 | +0.5% | +$22.9M |
|
7
Cigna
CI
$80.3B
| $4.16B | 2.53% | 17,364,567 -119,630 | -0.7% | -$28.7M |
|
8
MetLife
MET
$54.1B
| $4.11B | 2.5% | 58,433,230 -291,953 | -0.5% | -$20.5M |
|
9
Johnson Controls International
JCI
$69.9B
| $4.08B | 2.48% | 62,254,487 +1,073,847 | +2% | +$70.4M |
|
10
FedEx
FDX
$54.5B
| $4.01B | 2.44% | 17,328,625 +653,705 | +4% | +$151M |
|
11
Comcast
CMCSA
$125B
| $3.97B | 2.41% | 84,782,490 +116,325 | +0.1% | +$5.45M |
|
12
RTX Corp
RTX
$212B
| $3.79B | 2.3% | 38,220,004 -102,053 | -0.3% | -$10.1M |
|
13
Fiserv
FI
$75.1B
| $3.74B | 2.27% | 36,917,391 +1,485,114 | +4% | +$151M |
|
14
GSK
GSK
$79.9B
| $3.74B | 2.27% | 85,750,621 -2,768,823 | -3% | -$121M |
|
15
Charter Communications
CHTR
$36.3B
| $3.65B | 2.22% | 6,686,718 +1,213,461 | +22% | +$662M |
|
16
Microsoft
MSFT
$3.77T
| $3.12B | 1.9% | 10,115,272 +180,126 | +2% | +$55.5M |
|
|
VMW
17
DELISTED
VMware, Inc
VMW
| $3.07B | 1.87% | 26,953,293 +1,499,711 | +6% | +$171M |
|
18
Bank of New York Mellon
BK
$74.5B
| $2.87B | 1.75% | 57,891,107 -355,897 | -0.6% | -$17.7M |
|
|
19
UBS Group
UBS
$128B
| $2.84B | 1.72% | 145,244,842 +41,128,200 | +40% | +$804M |
|
|
20
HP
HPQ
$26.7B
| $2.82B | 1.72% | 77,767,842 -26,408,095 | -25% | -$959M |
|
21
Cisco
CSCO
$274B
| $2.6B | 1.58% | 46,702,142 -397,204 | -0.8% | -$22.1M |
|
22
Cognizant
CTSH
$35.3B
| $2.59B | 1.57% | 28,902,889 -332,692 | -1% | -$29.8M |
|
23
Goldman Sachs
GS
$226B
| $2.53B | 1.54% | 7,671,309 +368,139 | +5% | +$122M |
|
24
Novartis
NVS
$245B
| $2.44B | 1.48% | 27,844,209 -405,331 | -1% | -$35.6M |
|
25
Microchip Technology
MCHP
$35.1B
| $2.38B | 1.45% | 31,677,344 +2,138,175 | +7% | +$161M |
|