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 |
CVS Health
CVS
|
+$758M |
| 2 |
Bank of America
BAC
|
+$722M |
| 3 |
Truist Financial
TFC
|
+$697M |
| 4 |
VF Corp
VFC
|
+$611M |
| 5 |
Fidelity National Information Services
FIS
|
+$512M |
Top Sells
| 1 |
VMW
VMware, Inc
VMW
|
+$1.01B |
| 2 |
Capital One
COF
|
+$675M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$635M |
| 4 |
Cisco
CSCO
|
+$610M |
| 5 |
UBS Group
UBS
|
+$431M |
Sector Composition
| 1 | Financials | 20.65% |
| 2 | Healthcare | 19.58% |
| 3 | Technology | 15.74% |
| 4 | Communication Services | 12.93% |
| 5 | Industrials | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Occidental Petroleum
OXY
$54.5B
| $5.87B | 3.95% |
90,449,303
-854,337
| -0.9% | -$53.8M |
|
2
Wells Fargo
WFC
$268B
| $4.83B | 3.25% |
118,133,045
-2,009,660
| -2% | -$86.8M |
|
|
3
Alphabet (Google) Class C
GOOG
$4.28T
| $4.66B | 3.14% |
35,363,825
-4,881,725
| -12% | -$635M |
|
|
SCHW
4
Charles Schwab
SCHW
$178B
| $4.3B | 2.89% |
78,239,519
-159,960
| -0.2% | -$9.67M |
|
5
Sanofi
SNY
$105B
| $4.21B | 2.84% |
78,508,472
-1,991,902
| -2% | -$106M |
|
|
FISV
6
Fiserv Inc
FISV
$27.3B
| $3.96B | 2.67% |
35,048,470
-610,461
| -2% | -$75.2M |
|
7
Cigna
CI
$80.6B
| $3.84B | 2.59% |
13,428,482
+1,403,076
| +12% | +$400M |
|
8
FedEx
FDX
$74.9B
| $3.83B | 2.58% |
14,471,134
-383,100
| -3% | -$99.6M |
|
9
Charter Communications
CHTR
$16.2B
| $3.72B | 2.51% |
8,465,977
-101,324
| -1% | -$42.1M |
|
10
Microsoft
MSFT
$2.9T
| $3.6B | 2.43% |
11,412,800
-241,436
| -2% | -$79.8M |
|
11
Johnson Controls International
JCI
$87.8B
| $3.39B | 2.28% |
63,696,272
+2,297,718
| +4% | +$142M |
|
|
12
UBS Group
UBS
$170B
| $3.38B | 2.28% |
136,903,417
-18,435,275
| -12% | -$431M |
|
13
MetLife
MET
$59.9B
| $3.38B | 2.28% |
53,680,016
-473,683
| -0.9% | -$29.5M |
|
14
Comcast
CMCSA
$85.6B
| $3.36B | 2.26% |
75,781,793
-951,002
| -1% | -$42.5M |
|
|
VMW
15
DELISTED
VMware, Inc
VMW
| $3.29B | 2.21% |
19,732,814
-6,333,836
| -24% | -$1.01B |
|
|
16
Capital One
COF
$125B
| $2.76B | 1.86% |
28,402,804
-6,311,611
| -18% | -$675M |
|
|
BNY
17
Bank of New York Mellon
BNY
$104B
| $2.52B | 1.7% |
59,030,158
-305,210
| -0.5% | -$13.6M |
|
18
Gilead Sciences
GILD
$163B
| $2.51B | 1.69% |
33,533,738
-446,019
| -1% | -$34.3M |
|
19
GSK
GSK
$105B
| $2.51B | 1.69% |
69,281,183
-330,085
| -0.5% | -$11.7M |
|
20
Booking.com
BKNG
$136B
| $2.46B | 1.66% |
19,978,875
-190,600
| -0.9% | -$23.1M |
|
21
GE Aerospace
GE
$369B
| $2.46B | 1.66% |
27,921,327
-2,640,697
| -9% | -$237M |
|
22
RTX Corp
RTX
$264B
| $2.34B | 1.58% |
32,529,540
-143,650
| -0.4% | -$12.3M |
|
23
Amazon
AMZN
$2.66T
| $2.29B | 1.54% |
18,025,075
-252,240
| -1% | -$33.8M |
|
|
24
Fidelity National Information Services
FIS
$21.7B
| $2.03B | 1.37% |
36,661,950
+8,889,475
| +32% | +$512M |
|
25
TE Connectivity
TEL
$57.8B
| $1.96B | 1.32% |
15,858,194
-115,005
| -0.7% | -$15.4M |
|
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