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
|
$1.25B |
| 2 |
Avantor
AVTR
|
$1.09B |
| 3 |
RTX Corp
RTX
|
$813M |
| 4 |
Zimmer Biomet
ZBH
|
$809M |
| 5 |
Baxter International
BAX
|
$678M |
Top Sells
| 1 |
VMW
VMware, Inc
VMW
|
$3.29B |
| 2 |
UBS Group
UBS
|
$1.38B |
| 3 |
Dell
DELL
|
$821M |
| 4 |
GE Aerospace
GE
|
$697M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$582M |
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 |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charles Schwab
SCHW
$174B
| $5.95B | 3.77% | 86,421,986 +8,182,467 | +10% | +$563M |
|
2
Wells Fargo
WFC
$263B
| $5.77B | 3.66% | 117,252,015 -881,030 | -0.7% | -$43.4M |
|
3
Occidental Petroleum
OXY
$46.9B
| $4.84B | 3.07% | 80,992,508 -9,456,795 | -10% | -$565M |
|
4
Fiserv
FI
$75.1B
| $4.63B | 2.94% | 34,866,570 -181,900 | -0.5% | -$24.2M |
|
|
5
Alphabet (Google) Class C
GOOG
$2.58T
| $4.4B | 2.79% | 31,236,915 -4,126,910 | -12% | -$582M |
|
6
Microsoft
MSFT
$3.77T
| $4.07B | 2.58% | 10,821,120 -591,680 | -5% | -$222M |
|
7
Cigna
CI
$80.3B
| $3.96B | 2.51% | 13,207,966 -220,516 | -2% | -$66M |
|
8
Johnson Controls International
JCI
$69.9B
| $3.91B | 2.48% | 67,792,459 +4,096,187 | +6% | +$236M |
|
9
Sanofi
SNY
$121B
| $3.89B | 2.47% | 78,250,193 -258,279 | -0.3% | -$12.8M |
|
|
10
RTX Corp
RTX
$212B
| $3.55B | 2.25% | 42,189,300 +9,659,760 | +30% | +$813M |
|
11
MetLife
MET
$54.1B
| $3.53B | 2.24% | 53,443,191 -236,825 | -0.4% | -$15.7M |
|
12
FedEx
FDX
$54.5B
| $3.43B | 2.18% | 13,572,703 -898,431 | -6% | -$227M |
|
13
Capital One
COF
$145B
| $3.31B | 2.1% | 25,220,598 -3,182,206 | -11% | -$417M |
|
14
Comcast
CMCSA
$125B
| $3.27B | 2.08% | 74,602,208 -1,179,585 | -2% | -$51.7M |
|
15
Charter Communications
CHTR
$36.3B
| $3.26B | 2.07% | 8,399,842 -66,135 | -0.8% | -$25.7M |
|
16
Bank of New York Mellon
BK
$74.5B
| $3.06B | 1.94% | 58,771,100 -259,058 | -0.4% | -$13.5M |
|
|
17
UBS Group
UBS
$128B
| $2.86B | 1.82% | 92,331,951 -44,571,466 | -33% | -$1.38B |
|
18
Booking.com
BKNG
$181B
| $2.82B | 1.79% | 793,922 -5,233 | -0.7% | -$18.6M |
|
19
Gilead Sciences
GILD
$140B
| $2.7B | 1.71% | 33,295,023 -238,715 | -0.7% | -$19.3M |
|
20
Amazon
AMZN
$2.44T
| $2.68B | 1.7% | 17,634,545 -390,530 | -2% | -$59.3M |
|
21
GSK
GSK
$79.9B
| $2.56B | 1.62% | 69,026,793 -254,390 | -0.4% | -$9.43M |
|
22
CVS Health
CVS
$92.8B
| $2.4B | 1.52% | 30,413,390 +3,690,408 | +14% | +$291M |
|
23
Fidelity National Information Services
FIS
$36.5B
| $2.26B | 1.43% | 37,620,210 +958,260 | +3% | +$57.6M |
|
24
Bank of America
BAC
$376B
| $2.23B | 1.42% | 66,342,835 -294,300 | -0.4% | -$9.91M |
|
25
TE Connectivity
TEL
$61B
| $2.2B | 1.4% | 15,667,374 -190,820 | -1% | -$26.8M |
|