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
|
$1.06B |
| 2 |
American Electric Power
AEP
|
$978M |
| 3 |
Charter Communications
CHTR
|
$920M |
| 4 |
CVS Health
CVS
|
$845M |
| 5 |
Johnson Controls International
JCI
|
$793M |
Top Sells
| 1 |
Ovintiv
OVV
|
$742M |
| 2 |
Microchip Technology
MCHP
|
$696M |
| 3 |
Microsoft
MSFT
|
$560M |
| 4 |
UBS Group
UBS
|
$520M |
| 5 |
Otis Worldwide
OTIS
|
$497M |
Sector Composition
| 1 | Financials | 22.08% |
| 2 | Healthcare | 21.18% |
| 3 | Technology | 13.05% |
| 4 | Communication Services | 11.27% |
| 5 | Industrials | 11.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Wells Fargo
WFC
$263B
| $6.68B | 3.87% | 115,176,052 -2,075,963 | -2% | -$120M |
|
2
Charles Schwab
SCHW
$174B
| $6.24B | 3.62% | 86,297,094 -124,892 | -0.1% | -$9.03M |
|
3
Fiserv
FI
$75.1B
| $5.53B | 3.21% | 34,610,009 -256,561 | -0.7% | -$41M |
|
|
4
Johnson Controls International
JCI
$69.9B
| $5.22B | 3.03% | 79,938,324 +12,145,865 | +18% | +$793M |
|
5
Occidental Petroleum
OXY
$46.9B
| $5.17B | 3% | 79,525,798 -1,466,710 | -2% | -$95.3M |
|
6
Cigna
CI
$80.3B
| $4.77B | 2.77% | 13,127,891 -80,075 | -0.6% | -$29.1M |
|
7
Alphabet (Google) Class C
GOOG
$2.58T
| $4.71B | 2.73% | 30,941,859 -295,056 | -0.9% | -$44.9M |
|
8
RTX Corp
RTX
$212B
| $4.32B | 2.51% | 44,303,200 +2,113,900 | +5% | +$206M |
|
9
MetLife
MET
$54.1B
| $4.19B | 2.43% | 56,509,034 +3,065,843 | +6% | +$227M |
|
|
10
Microsoft
MSFT
$3.77T
| $3.99B | 2.32% | 9,490,609 -1,330,511 | -12% | -$560M |
|
11
FedEx
FDX
$54.5B
| $3.92B | 2.27% | 13,520,438 -52,265 | -0.4% | -$15.1M |
|
12
Sanofi
SNY
$121B
| $3.8B | 2.2% | 78,125,609 -124,584 | -0.2% | -$6.05M |
|
13
Capital One
COF
$145B
| $3.63B | 2.11% | 24,382,817 -837,781 | -3% | -$125M |
|
|
14
Charter Communications
CHTR
$36.3B
| $3.36B | 1.95% | 11,563,786 +3,163,944 | +38% | +$920M |
|
|
15
CVS Health
CVS
$92.8B
| $3.27B | 1.9% | 41,012,543 +10,599,153 | +35% | +$845M |
|
16
Bank of New York Mellon
BK
$74.5B
| $3.19B | 1.85% | 55,407,885 -3,363,215 | -6% | -$194M |
|
17
Comcast
CMCSA
$125B
| $3.17B | 1.84% | 73,143,940 -1,458,268 | -2% | -$63.2M |
|
18
Amazon
AMZN
$2.44T
| $3.14B | 1.82% | 17,401,360 -233,185 | -1% | -$42.1M |
|
19
Fidelity National Information Services
FIS
$36.5B
| $3.08B | 1.79% | 41,502,450 +3,882,240 | +10% | +$288M |
|
20
GSK
GSK
$79.9B
| $2.95B | 1.71% | 68,862,308 -164,485 | -0.2% | -$7.05M |
|
21
Booking.com
BKNG
$181B
| $2.87B | 1.67% | 792,046 -1,876 | -0.2% | -$6.81M |
|
22
GE Aerospace
GE
$292B
| $2.83B | 1.64% | 16,139,821 -679,060 | -4% | -$119M |
|
23
Bank of America
BAC
$376B
| $2.69B | 1.56% | 70,889,360 +4,546,525 | +7% | +$172M |
|
24
Gilead Sciences
GILD
$140B
| $2.43B | 1.41% | 33,167,487 -127,536 | -0.4% | -$9.34M |
|
|
25
International Flavors & Fragrances
IFF
$17.3B
| $2.38B | 1.38% | 27,729,011 +12,288,286 | +80% | +$1.06B |
|