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 |
Norfolk Southern
NSC
|
$976M |
| 2 |
Baker Hughes
BKR
|
$310M |
| 3 |
Truist Financial
TFC
|
$303M |
| 4 |
CVS Health
CVS
|
$236M |
| 5 |
Alibaba
BABA
|
$164M |
Top Sells
| 1 |
GE Aerospace
GE
|
$1.12B |
| 2 |
Meta Platforms (Facebook)
META
|
$766M |
| 3 |
Molson Coors Class B
TAP
|
$656M |
| 4 |
FedEx
FDX
|
$504M |
| 5 |
Novartis
NVS
|
$394M |
Sector Composition
| 1 | Financials | 20.67% |
| 2 | Healthcare | 18.6% |
| 3 | Technology | 17.71% |
| 4 | Communication Services | 12.88% |
| 5 | Industrials | 10.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Occidental Petroleum
OXY
$46.9B
| $5.37B | 3.58% | 91,303,640 -852,429 | -0.9% | -$50.1M |
|
2
Wells Fargo
WFC
$263B
| $5.13B | 3.42% | 120,142,705 -242,548 | -0.2% | -$10.4M |
|
3
Alphabet (Google) Class C
GOOG
$2.58T
| $4.87B | 3.25% | 40,245,550 -3,243,369 | -7% | -$392M |
|
4
Fiserv
FI
$75.1B
| $4.5B | 3% | 35,658,931 -591,778 | -2% | -$74.7M |
|
5
Charles Schwab
SCHW
$174B
| $4.44B | 2.97% | 78,399,479 -63,011 | -0.1% | -$3.57M |
|
6
Sanofi
SNY
$121B
| $4.34B | 2.9% | 80,500,374 -2,016,952 | -2% | -$109M |
|
7
Johnson Controls International
JCI
$69.9B
| $4.18B | 2.79% | 61,398,554 -821,983 | -1% | -$56M |
|
8
Microsoft
MSFT
$3.77T
| $3.97B | 2.65% | 11,654,236 -527,382 | -4% | -$180M |
|
9
Capital One
COF
$145B
| $3.8B | 2.53% | 34,714,415 -455,940 | -1% | -$49.9M |
|
|
VMW
10
DELISTED
VMware, Inc
VMW
| $3.75B | 2.5% | 26,066,650 -554,478 | -2% | -$79.7M |
|
|
11
FedEx
FDX
$54.5B
| $3.68B | 2.46% | 14,854,234 -2,031,155 | -12% | -$504M |
|
12
Cigna
CI
$80.3B
| $3.37B | 2.25% | 12,025,406 +563,263 | +5% | +$158M |
|
13
RTX Corp
RTX
$212B
| $3.2B | 2.14% | 32,673,190 -726,642 | -2% | -$71.2M |
|
14
Comcast
CMCSA
$125B
| $3.19B | 2.13% | 76,732,795 -986,011 | -1% | -$41M |
|
15
Charter Communications
CHTR
$36.3B
| $3.15B | 2.1% | 8,567,301 -115,956 | -1% | -$42.6M |
|
16
UBS Group
UBS
$128B
| $3.14B | 2.1% | 155,338,692 +226,879 | +0.1% | +$4.59M |
|
17
MetLife
MET
$54.1B
| $3.06B | 2.04% | 54,153,699 +83,945 | +0.2% | +$4.75M |
|
|
18
GE Aerospace
GE
$292B
| $2.68B | 1.79% | 24,391,081 -10,190,400 | -29% | -$1.12B |
|
19
Bank of New York Mellon
BK
$74.5B
| $2.64B | 1.76% | 59,335,368 -499,090 | -0.8% | -$22.2M |
|
20
Gilead Sciences
GILD
$140B
| $2.62B | 1.75% | 33,979,757 -722,005 | -2% | -$55.6M |
|
21
GSK
GSK
$79.9B
| $2.48B | 1.66% | 69,611,268 -95,800 | -0.1% | -$3.41M |
|
22
Amazon
AMZN
$2.44T
| $2.38B | 1.59% | 18,277,315 -83,055 | -0.5% | -$10.8M |
|
23
TE Connectivity
TEL
$61B
| $2.24B | 1.49% | 15,973,199 -167,681 | -1% | -$23.5M |
|
24
Booking.com
BKNG
$181B
| $2.18B | 1.45% | 806,779 -19,952 | -2% | -$53.9M |
|
25
Cisco
CSCO
$274B
| $2.07B | 1.38% | 40,085,024 -1,900,700 | -5% | -$98.3M |
|