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
|
$1.18B |
| 2 |
Fidelity National Information Services
FIS
|
$572M |
| 3 |
PayPal
PYPL
|
$535M |
| 4 |
Charles Schwab
SCHW
|
$430M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$419M |
Top Sells
| 1 |
Sanofi
SNY
|
$751M |
| 2 |
Bristol-Myers Squibb
BMY
|
$666M |
| 3 |
HP
HPQ
|
$615M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
$534M |
| 5 |
GSK
GSK
|
$501M |
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 |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Occidental Petroleum
OXY
$46.9B
| $5.8B | 4.01% | 98,421,141 -2,287,925 | -2% | -$135M |
|
|
2
Charles Schwab
SCHW
$174B
| $4.99B | 3.46% | 79,042,463 +6,803,282 | +9% | +$430M |
|
3
Wells Fargo
WFC
$263B
| $4.83B | 3.34% | 123,284,173 -566,224 | -0.5% | -$22.2M |
|
|
4
Alphabet (Google) Class C
GOOG
$2.58T
| $4.61B | 3.19% | 2,107,468 +71,601 | +4% | +$157M |
|
5
Cigna
CI
$80.3B
| $4.39B | 3.04% | 16,654,297 -710,270 | -4% | -$187M |
|
6
FedEx
FDX
$54.5B
| $3.95B | 2.73% | 17,426,647 +98,022 | +0.6% | +$22.2M |
|
|
7
Sanofi
SNY
$121B
| $3.85B | 2.67% | 76,997,282 -15,009,442 | -16% | -$751M |
|
8
Capital One
COF
$145B
| $3.69B | 2.56% | 35,457,571 +2,492,615 | +8% | +$260M |
|
9
MetLife
MET
$54.1B
| $3.58B | 2.48% | 56,975,235 -1,457,995 | -2% | -$91.5M |
|
10
RTX Corp
RTX
$212B
| $3.51B | 2.43% | 36,558,387 -1,661,617 | -4% | -$160M |
|
11
Comcast
CMCSA
$125B
| $3.34B | 2.31% | 85,157,816 +375,326 | +0.4% | +$14.7M |
|
12
Fiserv
FI
$75.1B
| $3.3B | 2.29% | 37,117,580 +200,189 | +0.5% | +$17.8M |
|
|
13
GSK
GSK
$79.9B
| $3.23B | 2.24% | 74,242,722 -11,507,899 | -13% | -$501M |
|
|
VMW
14
DELISTED
VMware, Inc
VMW
| $3.2B | 2.21% | 28,032,926 +1,079,633 | +4% | +$123M |
|
15
Charter Communications
CHTR
$36.3B
| $3.17B | 2.19% | 6,766,702 +79,984 | +1% | +$37.5M |
|
16
Johnson Controls International
JCI
$69.9B
| $3.1B | 2.15% | 64,777,731 +2,523,244 | +4% | +$121M |
|
17
Microsoft
MSFT
$3.77T
| $2.5B | 1.73% | 9,730,543 -384,729 | -4% | -$98.8M |
|
18
UBS Group
UBS
$128B
| $2.47B | 1.71% | 153,036,667 +7,791,825 | +5% | +$126M |
|
19
Bank of New York Mellon
BK
$74.5B
| $2.45B | 1.7% | 58,774,502 +883,395 | +2% | +$36.8M |
|
20
Goldman Sachs
GS
$226B
| $2.29B | 1.58% | 7,708,324 +37,015 | +0.5% | +$11M |
|
21
Gilead Sciences
GILD
$140B
| $2.28B | 1.58% | 36,966,627 -60,003 | -0.2% | -$3.71M |
|
22
T-Mobile US
TMUS
$284B
| $2.25B | 1.56% | 16,703,308 -581,813 | -3% | -$78.3M |
|
23
UnitedHealth
UNH
$281B
| $2.08B | 1.44% | 4,056,590 -189,625 | -4% | -$97.4M |
|
24
Cisco
CSCO
$274B
| $2.01B | 1.39% | 47,111,072 +408,930 | +0.9% | +$17.4M |
|
25
Williams Companies
WMB
$70.7B
| $1.95B | 1.35% | 62,586,937 -8,192,414 | -12% | -$256M |
|