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 |
International Flavors & Fragrances
IFF
|
+$1.12B |
| 2 |
Avantor
AVTR
|
+$981M |
| 3 |
RTX Corp
RTX
|
+$764M |
| 4 |
Zimmer Biomet
ZBH
|
+$742M |
| 5 |
Baxter International
BAX
|
+$620M |
Top Sells
| 1 |
VMW
VMware, Inc
VMW
|
+$3.29B |
| 2 |
UBS Group
UBS
|
+$1.17B |
| 3 |
Dell
DELL
|
+$758M |
| 4 |
GE Aerospace
GE
|
+$634M |
| 5 |
Occidental Petroleum
OXY
|
+$577M |
Sector Composition
| 1 | Financials | 22.64% |
| 2 | Healthcare | 20.84% |
| 3 | Technology | 13.51% |
| 4 | Communication Services | 11.87% |
| 5 | Industrials | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
1
Charles Schwab
SCHW
$178B
| $5.95B | 3.77% |
86,421,986
+8,182,467
| +10% | +$473M |
|
2
Wells Fargo
WFC
$268B
| $5.77B | 3.66% |
117,252,015
-881,030
| -0.7% | -$38M |
|
|
3
Occidental Petroleum
OXY
$54.5B
| $4.84B | 3.07% |
80,992,508
-9,456,795
| -10% | -$577M |
|
|
FISV
4
Fiserv Inc
FISV
$27.3B
| $4.63B | 2.94% |
34,866,570
-181,900
| -0.5% | -$22.3M |
|
5
Alphabet (Google) Class C
GOOG
$4.28T
| $4.4B | 2.79% |
31,236,915
-4,126,910
| -12% | -$560M |
|
6
Microsoft
MSFT
$2.9T
| $4.07B | 2.58% |
10,821,120
-591,680
| -5% | -$211M |
|
7
Cigna
CI
$80.6B
| $3.96B | 2.51% |
13,207,966
-220,516
| -2% | -$64.4M |
|
8
Johnson Controls International
JCI
$87.8B
| $3.91B | 2.48% |
67,792,459
+4,096,187
| +6% | +$215M |
|
9
Sanofi
SNY
$105B
| $3.89B | 2.47% |
78,250,193
-258,279
| -0.3% | -$12.6M |
|
|
10
RTX Corp
RTX
$264B
| $3.55B | 2.25% |
42,189,300
+9,659,760
| +30% | +$764M |
|
11
MetLife
MET
$59.9B
| $3.53B | 2.24% |
53,443,191
-236,825
| -0.4% | -$14.8M |
|
12
FedEx
FDX
$74.9B
| $3.43B | 2.18% |
13,572,703
-898,431
| -6% | -$228M |
|
13
Capital One
COF
$125B
| $3.31B | 2.1% |
25,220,598
-3,182,206
| -11% | -$343M |
|
14
Comcast
CMCSA
$85.6B
| $3.27B | 2.08% |
74,602,208
-1,179,585
| -2% | -$50.6M |
|
15
Charter Communications
CHTR
$16.2B
| $3.26B | 2.07% |
8,399,842
-66,135
| -0.8% | -$27M |
|
|
BNY
16
Bank of New York Mellon
BNY
$104B
| $3.06B | 1.94% |
58,771,100
-259,058
| -0.4% | -$11.9M |
|
|
17
UBS Group
UBS
$170B
| $2.86B | 1.82% |
92,331,951
-44,571,466
| -33% | -$1.17B |
|
18
Booking.com
BKNG
$136B
| $2.82B | 1.79% |
19,848,050
-130,825
| -0.7% | -$16.3M |
|
19
Gilead Sciences
GILD
$163B
| $2.7B | 1.71% |
33,295,023
-238,715
| -0.7% | -$18.6M |
|
20
Amazon
AMZN
$2.66T
| $2.68B | 1.7% |
17,634,545
-390,530
| -2% | -$54.7M |
|
21
GSK
GSK
$105B
| $2.56B | 1.62% |
69,026,793
-254,390
| -0.4% | -$9.13M |
|
22
CVS Health
CVS
$135B
| $2.4B | 1.52% |
30,413,390
+3,690,408
| +14% | +$263M |
|
23
Fidelity National Information Services
FIS
$21.7B
| $2.26B | 1.43% |
37,620,210
+958,260
| +3% | +$52.6M |
|
24
Bank of America
BAC
$422B
| $2.23B | 1.42% |
66,342,835
-294,300
| -0.4% | -$8.57M |
|
25
TE Connectivity
TEL
$57.8B
| $2.2B | 1.4% |
15,667,374
-190,820
| -1% | -$24.5M |
|
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