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 |
GE Aerospace
GE
|
+$1.44B |
| 2 |
PayPal
PYPL
|
+$664M |
| 3 |
Fidelity National Information Services
FIS
|
+$620M |
| 4 |
Elanco Animal Health
ELAN
|
+$488M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$469M |
Top Sells
| 1 |
Sanofi
SNY
|
+$797M |
| 2 |
HP
HPQ
|
+$688M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$659M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$548M |
| 5 |
GSK
GSK
|
+$508M |
Sector Composition
| 1 | Financials | 22.19% |
| 2 | Healthcare | 18.97% |
| 3 | Technology | 16.22% |
| 4 | Communication Services | 14.67% |
| 5 | Energy | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Occidental Petroleum
OXY
$54.5B
| $5.8B | 4.01% |
98,421,141
-2,287,925
| -2% | -$141M |
|
|
SCHW
2
Charles Schwab
SCHW
$178B
| $4.99B | 3.46% |
79,042,463
+6,803,282
| +9% | +$469M |
|
3
Wells Fargo
WFC
$268B
| $4.83B | 3.34% |
123,284,173
-566,224
| -0.5% | -$24.8M |
|
4
Alphabet (Google) Class C
GOOG
$4.28T
| $4.61B | 3.19% |
42,149,360
+1,432,020
| +4% | +$169M |
|
5
Cigna
CI
$80.6B
| $4.39B | 3.04% |
16,654,297
-710,270
| -4% | -$183M |
|
6
FedEx
FDX
$74.9B
| $3.95B | 2.73% |
17,426,647
+98,022
| +0.6% | +$20.9M |
|
|
7
Sanofi
SNY
$105B
| $3.85B | 2.67% |
76,997,282
-15,009,442
| -16% | -$797M |
|
8
Capital One
COF
$125B
| $3.69B | 2.56% |
35,457,571
+2,492,615
| +8% | +$305M |
|
9
MetLife
MET
$59.9B
| $3.58B | 2.48% |
56,975,235
-1,457,995
| -2% | -$96.5M |
|
10
RTX Corp
RTX
$264B
| $3.51B | 2.43% |
36,558,387
-1,661,617
| -4% | -$160M |
|
11
Comcast
CMCSA
$85.6B
| $3.34B | 2.31% |
85,157,816
+375,326
| +0.4% | +$16.1M |
|
|
FISV
12
Fiserv Inc
FISV
$27.3B
| $3.3B | 2.29% |
37,117,580
+200,189
| +0.5% | +$19.4M |
|
|
13
GSK
GSK
$105B
| $3.23B | 2.24% |
59,394,178
-9,206,319
| -13% | -$508M |
|
|
VMW
14
DELISTED
VMware, Inc
VMW
| $3.2B | 2.21% |
28,032,926
+1,079,633
| +4% | +$123M |
|
15
Charter Communications
CHTR
$16.2B
| $3.17B | 2.19% |
6,766,702
+79,984
| +1% | +$39M |
|
16
Johnson Controls International
JCI
$87.8B
| $3.1B | 2.15% |
64,777,731
+2,523,244
| +4% | +$141M |
|
17
Microsoft
MSFT
$2.9T
| $2.5B | 1.73% |
9,730,543
-384,729
| -4% | -$104M |
|
18
UBS Group
UBS
$170B
| $2.47B | 1.71% |
153,036,667
+7,791,825
| +5% | +$137M |
|
|
BNY
19
Bank of New York Mellon
BNY
$104B
| $2.45B | 1.7% |
58,774,502
+883,395
| +2% | +$39.4M |
|
20
Goldman Sachs
GS
$309B
| $2.29B | 1.58% |
7,708,324
+37,015
| +0.5% | +$11.5M |
|
21
Gilead Sciences
GILD
$163B
| $2.28B | 1.58% |
36,966,627
-60,003
| -0.2% | -$3.71M |
|
22
T-Mobile US
TMUS
$204B
| $2.25B | 1.56% |
16,703,308
-581,813
| -3% | -$75.9M |
|
23
UnitedHealth
UNH
$390B
| $2.08B | 1.44% |
4,056,590
-189,625
| -4% | -$95.2M |
|
24
Cisco
CSCO
$470B
| $2.01B | 1.39% |
47,111,072
+408,930
| +0.9% | +$19.6M |
|
25
Williams Companies
WMB
$91.1B
| $1.95B | 1.35% |
62,586,937
-8,192,414
| -12% | -$283M |
|
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