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 |
Humana
HUM
|
$1.61B |
| 2 |
CVS Health
CVS
|
$1.22B |
| 3 |
Norfolk Southern
NSC
|
$573M |
| 4 |
Johnson Controls International
JCI
|
$355M |
| 5 |
Coupang
CPNG
|
$254M |
Top Sells
| 1 |
Cigna
CI
|
$1.41B |
| 2 |
Wells Fargo
WFC
|
$1.36B |
| 3 |
Hewlett Packard
HPE
|
$1.01B |
| 4 |
Microchip Technology
MCHP
|
$738M |
| 5 |
Capital One
COF
|
$615M |
Sector Composition
| 1 | Healthcare | 21.14% |
| 2 | Financials | 20.84% |
| 3 | Technology | 12.56% |
| 4 | Communication Services | 12.34% |
| 5 | Industrials | 11.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charles Schwab
SCHW
$174B
| $6.32B | 3.79% | 85,787,053 -510,041 | -0.6% | -$37.6M |
|
|
2
Johnson Controls International
JCI
$69.9B
| $5.67B | 3.4% | 85,272,989 +5,334,665 | +7% | +$355M |
|
|
3
Wells Fargo
WFC
$263B
| $5.48B | 3.29% | 92,277,487 -22,898,565 | -20% | -$1.36B |
|
4
Alphabet (Google) Class C
GOOG
$2.58T
| $5.4B | 3.24% | 29,421,485 -1,520,374 | -5% | -$279M |
|
5
Fiserv
FI
$75.1B
| $5.12B | 3.07% | 34,371,378 -238,631 | -0.7% | -$35.6M |
|
6
Occidental Petroleum
OXY
$46.9B
| $4.94B | 2.96% | 78,361,008 -1,164,790 | -1% | -$73.4M |
|
7
RTX Corp
RTX
$212B
| $4.45B | 2.67% | 44,284,541 -18,659 | -0% | -$1.87M |
|
8
Microsoft
MSFT
$3.77T
| $4.21B | 2.53% | 9,414,281 -76,328 | -0.8% | -$34.1M |
|
9
FedEx
FDX
$54.5B
| $4.02B | 2.41% | 13,394,616 -125,822 | -0.9% | -$37.7M |
|
10
MetLife
MET
$54.1B
| $3.96B | 2.37% | 56,353,281 -155,753 | -0.3% | -$10.9M |
|
11
Sanofi
SNY
$121B
| $3.74B | 2.25% | 77,109,633 -1,015,976 | -1% | -$49.3M |
|
|
12
CVS Health
CVS
$92.8B
| $3.64B | 2.19% | 61,683,343 +20,670,800 | +50% | +$1.22B |
|
13
Charter Communications
CHTR
$36.3B
| $3.49B | 2.1% | 11,681,107 +117,321 | +1% | +$35.1M |
|
14
Amazon
AMZN
$2.44T
| $3.35B | 2.01% | 17,334,351 -67,009 | -0.4% | -$12.9M |
|
15
Bank of New York Mellon
BK
$74.5B
| $3.28B | 1.97% | 54,771,782 -636,103 | -1% | -$38.1M |
|
16
Booking.com
BKNG
$181B
| $3.13B | 1.88% | 789,804 -2,242 | -0.3% | -$8.88M |
|
17
Fidelity National Information Services
FIS
$36.5B
| $3.12B | 1.87% | 41,435,311 -67,139 | -0.2% | -$5.06M |
|
|
18
Cigna
CI
$80.3B
| $2.93B | 1.76% | 8,852,809 -4,275,082 | -33% | -$1.41B |
|
19
Comcast
CMCSA
$125B
| $2.85B | 1.71% | 72,739,344 -404,596 | -0.6% | -$15.8M |
|
|
20
Capital One
COF
$145B
| $2.76B | 1.66% | 19,939,018 -4,443,799 | -18% | -$615M |
|
21
International Flavors & Fragrances
IFF
$17.3B
| $2.69B | 1.61% | 28,206,607 +477,596 | +2% | +$45.5M |
|
22
GSK
GSK
$79.9B
| $2.63B | 1.58% | 68,337,138 -525,170 | -0.8% | -$20.2M |
|
23
Goldman Sachs
GS
$226B
| $2.45B | 1.47% | 5,423,532 -50,101 | -0.9% | -$22.7M |
|
24
Regeneron Pharmaceuticals
REGN
$61.5B
| $2.43B | 1.46% | 2,315,686 -44,178 | -2% | -$46.4M |
|
25
Bank of America
BAC
$376B
| $2.41B | 1.45% | 60,616,153 -10,273,207 | -14% | -$409M |
|