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 |
Air Products & Chemicals
APD
|
$1.96B |
| 2 |
Baxter International
BAX
|
$648M |
| 3 |
SBA Communications
SBAC
|
$391M |
| 4 |
Charles Schwab
SCHW
|
$246M |
| 5 |
Humana
HUM
|
$198M |
Top Sells
| 1 |
Truist Financial
TFC
|
$1.11B |
| 2 |
JNPR
Juniper Networks
JNPR
|
$807M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$757M |
| 4 |
Bank of New York Mellon
BK
|
$449M |
| 5 |
State Street
STT
|
$306M |
Sector Composition
| 1 | Healthcare | 22.27% |
| 2 | Financials | 19.03% |
| 3 | Industrials | 12.6% |
| 4 | Technology | 12% |
| 5 | Communication Services | 11.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Johnson Controls International
JCI
$69.9B
| $6.63B | 3.75% | 85,367,376 +94,387 | +0.1% | +$7.33M |
|
2
Fiserv
FI
$75.1B
| $5.88B | 3.32% | 32,723,767 -1,647,611 | -5% | -$296M |
|
|
3
Charles Schwab
SCHW
$174B
| $5.81B | 3.28% | 89,587,838 +3,800,785 | +4% | +$246M |
|
4
RTX Corp
RTX
$212B
| $5.38B | 3.04% | 44,398,916 +114,375 | +0.3% | +$13.9M |
|
5
Wells Fargo
WFC
$263B
| $4.91B | 2.78% | 86,949,610 -5,327,877 | -6% | -$301M |
|
6
MetLife
MET
$54.1B
| $4.51B | 2.55% | 54,656,581 -1,696,700 | -3% | -$140M |
|
7
Sanofi
SNY
$121B
| $4.4B | 2.49% | 76,297,183 -812,450 | -1% | -$46.8M |
|
|
8
Alphabet (Google) Class C
GOOG
$2.58T
| $4.16B | 2.35% | 24,893,268 -4,528,217 | -15% | -$757M |
|
9
Occidental Petroleum
OXY
$46.9B
| $4.02B | 2.27% | 78,011,048 -349,960 | -0.4% | -$18M |
|
10
CVS Health
CVS
$92.8B
| $3.96B | 2.24% | 63,030,690 +1,347,347 | +2% | +$84.7M |
|
11
Microsoft
MSFT
$3.77T
| $3.92B | 2.21% | 9,100,792 -313,489 | -3% | -$135M |
|
12
Charter Communications
CHTR
$36.3B
| $3.77B | 2.13% | 11,637,303 -43,804 | -0.4% | -$14.2M |
|
13
FedEx
FDX
$54.5B
| $3.6B | 2.04% | 13,155,356 -239,260 | -2% | -$65.5M |
|
|
14
Bank of New York Mellon
BK
$74.5B
| $3.49B | 1.97% | 48,524,949 -6,246,833 | -11% | -$449M |
|
15
Fidelity National Information Services
FIS
$36.5B
| $3.44B | 1.95% | 41,073,296 -362,015 | -0.9% | -$30.3M |
|
16
Booking.com
BKNG
$181B
| $3.32B | 1.88% | 789,158 -646 | -0.1% | -$2.72M |
|
17
Amazon
AMZN
$2.44T
| $3.22B | 1.82% | 17,280,920 -53,431 | -0.3% | -$9.96M |
|
18
Comcast
CMCSA
$125B
| $3.09B | 1.75% | 74,062,844 +1,323,500 | +2% | +$55.3M |
|
19
Cigna
CI
$80.3B
| $3.05B | 1.72% | 8,789,414 -63,395 | -0.7% | -$22M |
|
20
International Flavors & Fragrances
IFF
$17.3B
| $2.95B | 1.67% | 28,082,382 -124,225 | -0.4% | -$13M |
|
21
Capital One
COF
$145B
| $2.79B | 1.58% | 18,662,292 -1,276,726 | -6% | -$191M |
|
22
GSK
GSK
$79.9B
| $2.78B | 1.57% | 68,087,163 -249,975 | -0.4% | -$10.2M |
|
23
Gilead Sciences
GILD
$140B
| $2.77B | 1.57% | 33,045,737 -76,600 | -0.2% | -$6.42M |
|
24
Norfolk Southern
NSC
$62.8B
| $2.7B | 1.53% | 10,862,839 +67,972 | +0.6% | +$16.9M |
|
25
GE Aerospace
GE
$292B
| $2.67B | 1.51% | 14,177,036 -135,475 | -0.9% | -$25.5M |
|