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
|
$747M |
| 2 |
Bank of America
BAC
|
$668M |
| 3 |
Truist Financial
TFC
|
$648M |
| 4 |
VF Corp
VFC
|
$567M |
| 5 |
Fidelity National Information Services
FIS
|
$491M |
Top Sells
| 1 |
VMW
VMware, Inc
VMW
|
$1.05B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$644M |
| 3 |
Capital One
COF
|
$613M |
| 4 |
Cisco
CSCO
|
$608M |
| 5 |
UBS Group
UBS
|
$455M |
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 |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Occidental Petroleum
OXY
$46.9B
| $5.87B | 3.95% | 90,449,303 -854,337 | -0.9% | -$55.4M |
|
2
Wells Fargo
WFC
$263B
| $4.83B | 3.25% | 118,133,045 -2,009,660 | -2% | -$82.1M |
|
|
3
Alphabet (Google) Class C
GOOG
$2.58T
| $4.66B | 3.14% | 35,363,825 -4,881,725 | -12% | -$644M |
|
4
Charles Schwab
SCHW
$174B
| $4.3B | 2.89% | 78,239,519 -159,960 | -0.2% | -$8.78M |
|
5
Sanofi
SNY
$121B
| $4.21B | 2.84% | 78,508,472 -1,991,902 | -2% | -$107M |
|
6
Fiserv
FI
$75.1B
| $3.96B | 2.67% | 35,048,470 -610,461 | -2% | -$69M |
|
7
Cigna
CI
$80.3B
| $3.84B | 2.59% | 13,428,482 +1,403,076 | +12% | +$401M |
|
8
FedEx
FDX
$54.5B
| $3.83B | 2.58% | 14,471,134 -383,100 | -3% | -$101M |
|
9
Charter Communications
CHTR
$36.3B
| $3.72B | 2.51% | 8,465,977 -101,324 | -1% | -$44.6M |
|
10
Microsoft
MSFT
$3.77T
| $3.6B | 2.43% | 11,412,800 -241,436 | -2% | -$76.2M |
|
11
Johnson Controls International
JCI
$69.9B
| $3.39B | 2.28% | 63,696,272 +2,297,718 | +4% | +$122M |
|
|
12
UBS Group
UBS
$128B
| $3.38B | 2.28% | 136,903,417 -18,435,275 | -12% | -$455M |
|
13
MetLife
MET
$54.1B
| $3.38B | 2.28% | 53,680,016 -473,683 | -0.9% | -$29.8M |
|
14
Comcast
CMCSA
$125B
| $3.36B | 2.26% | 75,781,793 -951,002 | -1% | -$42.2M |
|
|
VMW
15
DELISTED
VMware, Inc
VMW
| $3.29B | 2.21% | 19,732,814 -6,333,836 | -24% | -$1.05B |
|
|
16
Capital One
COF
$145B
| $2.76B | 1.86% | 28,402,804 -6,311,611 | -18% | -$613M |
|
17
Bank of New York Mellon
BK
$74.5B
| $2.52B | 1.7% | 59,030,158 -305,210 | -0.5% | -$13M |
|
18
Gilead Sciences
GILD
$140B
| $2.51B | 1.69% | 33,533,738 -446,019 | -1% | -$33.4M |
|
19
GSK
GSK
$79.9B
| $2.51B | 1.69% | 69,281,183 -330,085 | -0.5% | -$12M |
|
20
Booking.com
BKNG
$181B
| $2.46B | 1.66% | 799,155 -7,624 | -0.9% | -$23.5M |
|
21
GE Aerospace
GE
$292B
| $2.46B | 1.66% | 22,283,581 -2,107,500 | -9% | -$233M |
|
22
RTX Corp
RTX
$212B
| $2.34B | 1.58% | 32,529,540 -143,650 | -0.4% | -$10.3M |
|
23
Amazon
AMZN
$2.44T
| $2.29B | 1.54% | 18,025,075 -252,240 | -1% | -$32.1M |
|
|
24
Fidelity National Information Services
FIS
$36.5B
| $2.03B | 1.37% | 36,661,950 +8,889,475 | +32% | +$491M |
|
25
TE Connectivity
TEL
$61B
| $1.96B | 1.32% | 15,858,194 -115,005 | -0.7% | -$14.2M |
|