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 |
Fidelity National Information Services
FIS
|
$1.11B |
| 2 |
Charter Communications
CHTR
|
$592M |
| 3 |
Amazon
AMZN
|
$478M |
| 4 |
Sanofi
SNY
|
$414M |
| 5 |
Elanco Animal Health
ELAN
|
$388M |
Top Sells
| 1 |
Schlumberger
SLB
|
$1.16B |
| 2 |
ConocoPhillips
COP
|
$715M |
| 3 |
T-Mobile US
TMUS
|
$600M |
| 4 |
Microchip Technology
MCHP
|
$543M |
| 5 |
Goldman Sachs
GS
|
$425M |
Sector Composition
| 1 | Financials | 23.41% |
| 2 | Healthcare | 19.23% |
| 3 | Technology | 16.26% |
| 4 | Communication Services | 12.06% |
| 5 | Industrials | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charles Schwab
SCHW
$174B
| $6.45B | 4.42% | 77,428,730 -3,082,411 | -4% | -$257M |
|
2
Occidental Petroleum
OXY
$46.9B
| $5.86B | 4.02% | 92,957,224 -2,021,164 | -2% | -$127M |
|
3
Wells Fargo
WFC
$263B
| $4.9B | 3.36% | 118,722,376 -2,903,978 | -2% | -$120M |
|
|
4
Sanofi
SNY
$121B
| $4.08B | 2.8% | 84,189,074 +8,538,408 | +11% | +$414M |
|
5
Johnson Controls International
JCI
$69.9B
| $4.01B | 2.75% | 62,614,115 -2,190,043 | -3% | -$140M |
|
6
MetLife
MET
$54.1B
| $3.88B | 2.66% | 53,583,210 -2,232,900 | -4% | -$162M |
|
7
Cigna
CI
$80.3B
| $3.83B | 2.62% | 11,548,557 -557,269 | -5% | -$185M |
|
8
Alphabet (Google) Class C
GOOG
$2.58T
| $3.81B | 2.61% | 42,945,292 +1,141,120 | +3% | +$101M |
|
9
Fiserv
FI
$75.1B
| $3.67B | 2.52% | 36,319,244 -348,595 | -1% | -$35.2M |
|
10
RTX Corp
RTX
$212B
| $3.39B | 2.32% | 33,559,257 -1,032,180 | -3% | -$104M |
|
|
VMW
11
DELISTED
VMware, Inc
VMW
| $3.35B | 2.3% | 27,303,151 +34,526 | +0.1% | +$4.24M |
|
12
Capital One
COF
$145B
| $3.29B | 2.25% | 35,372,196 -459,430 | -1% | -$42.7M |
|
13
GE Aerospace
GE
$292B
| $3.12B | 2.14% | 37,176,656 +91,200 | +0.2% | +$7.64M |
|
14
Gilead Sciences
GILD
$140B
| $3.08B | 2.11% | 35,885,152 -484,100 | -1% | -$41.6M |
|
15
FedEx
FDX
$54.5B
| $3B | 2.06% | 17,331,895 +90,200 | +0.5% | +$15.6M |
|
16
UBS Group
UBS
$128B
| $2.97B | 2.04% | 159,315,717 +1,711,400 | +1% | +$31.9M |
|
17
Microsoft
MSFT
$3.77T
| $2.94B | 2.02% | 12,267,927 +1,318,225 | +12% | +$316M |
|
|
18
Charter Communications
CHTR
$36.3B
| $2.87B | 1.97% | 8,471,513 +1,746,242 | +26% | +$592M |
|
19
Comcast
CMCSA
$125B
| $2.78B | 1.91% | 79,582,263 -2,774,316 | -3% | -$97M |
|
20
Bank of New York Mellon
BK
$74.5B
| $2.72B | 1.87% | 59,815,247 +1,733,535 | +3% | +$78.9M |
|
21
GSK
GSK
$79.9B
| $2.28B | 1.56% | 64,932,952 +6,348,963 | +11% | +$223M |
|
|
22
Goldman Sachs
GS
$226B
| $2.11B | 1.45% | 6,143,091 -1,237,158 | -17% | -$425M |
|
23
Cisco
CSCO
$274B
| $2.05B | 1.4% | 42,926,577 -3,377,450 | -7% | -$161M |
|
24
Novartis
NVS
$245B
| $1.88B | 1.29% | 20,751,372 -297,285 | -1% | -$27M |
|
25
UnitedHealth
UNH
$281B
| $1.87B | 1.28% | 3,528,710 -273,705 | -7% | -$145M |
|