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
|
+$1.41B |
| 2 |
SBA Communications
SBAC
|
+$1.29B |
| 3 |
Avantor
AVTR
|
+$691M |
| 4 |
Celanese
CE
|
+$655M |
| 5 |
Fortive
FTV
|
+$592M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.19B |
| 2 |
Truist Financial
TFC
|
+$1.15B |
| 3 |
Wells Fargo
WFC
|
+$1.13B |
| 4 |
Bank of America
BAC
|
+$974M |
| 5 |
Goldman Sachs
GS
|
+$842M |
Sector Composition
| 1 | Healthcare | 21.28% |
| 2 | Financials | 18.77% |
| 3 | Industrials | 12.45% |
| 4 | Technology | 12.31% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
1
Charles Schwab
SCHW
$178B
| $6.61B | 3.85% |
89,369,528
-218,310
| -0.2% | -$16.3M |
|
|
FISV
2
Fiserv Inc
FISV
$27.3B
| $6.61B | 3.85% |
32,192,395
-531,372
| -2% | -$108M |
|
3
Johnson Controls International
JCI
$87.8B
| $6.34B | 3.69% |
80,369,871
-4,997,505
| -6% | -$401M |
|
4
RTX Corp
RTX
$264B
| $5.15B | 3% |
44,491,403
+92,487
| +0.2% | +$11.2M |
|
|
5
Wells Fargo
WFC
$268B
| $4.95B | 2.88% |
70,452,850
-16,496,760
| -19% | -$1.13B |
|
6
MetLife
MET
$59.9B
| $4.43B | 2.58% |
54,154,554
-502,027
| -0.9% | -$41.8M |
|
7
Charter Communications
CHTR
$16.2B
| $3.96B | 2.3% |
11,547,176
-90,127
| -0.8% | -$32.6M |
|
8
FedEx
FDX
$74.9B
| $3.91B | 2.27% |
13,889,624
+734,268
| +6% | +$205M |
|
9
Booking.com
BKNG
$136B
| $3.89B | 2.27% |
19,589,300
-139,650
| -0.7% | -$26.8M |
|
10
Microsoft
MSFT
$2.9T
| $3.82B | 2.22% |
9,061,091
-39,701
| -0.4% | -$16.9M |
|
11
Amazon
AMZN
$2.66T
| $3.77B | 2.19% |
17,172,957
-107,963
| -0.6% | -$22.1M |
|
12
Sanofi
SNY
$105B
| $3.63B | 2.11% |
75,220,588
-1,076,595
| -1% | -$54.7M |
|
13
Occidental Petroleum
OXY
$54.5B
| $3.46B | 2.01% |
70,002,502
-8,008,546
| -10% | -$404M |
|
|
14
Alphabet (Google) Class C
GOOG
$4.28T
| $3.45B | 2.01% |
18,131,757
-6,761,511
| -27% | -$1.19B |
|
|
BNY
15
Bank of New York Mellon
BNY
$104B
| $3.43B | 2% |
44,699,198
-3,825,751
| -8% | -$296M |
|
16
CVS Health
CVS
$135B
| $3.15B | 1.83% |
70,105,899
+7,075,209
| +11% | +$397M |
|
17
Capital One
COF
$125B
| $3.08B | 1.79% |
17,284,997
-1,377,295
| -7% | -$238M |
|
18
Gilead Sciences
GILD
$163B
| $3.04B | 1.77% |
32,947,717
-98,020
| -0.3% | -$8.83M |
|
19
Comcast
CMCSA
$85.6B
| $2.97B | 1.73% |
79,102,667
+5,039,823
| +7% | +$209M |
|
20
Fidelity National Information Services
FIS
$21.7B
| $2.77B | 1.61% |
34,327,527
-6,745,769
| -16% | -$581M |
|
21
International Flavors & Fragrances
IFF
$19.2B
| $2.66B | 1.55% |
31,437,763
+3,355,381
| +12% | +$315M |
|
|
22
Humana
HUM
$48.7B
| $2.59B | 1.51% |
10,198,040
+5,264,045
| +107% | +$1.41B |
|
23
Norfolk Southern
NSC
$73.6B
| $2.51B | 1.46% |
10,689,209
-173,630
| -2% | -$44.1M |
|
24
Cigna
CI
$80.6B
| $2.42B | 1.41% |
8,772,608
-16,806
| -0.2% | -$5.36M |
|
25
GE Aerospace
GE
$369B
| $2.36B | 1.37% |
14,161,304
-15,732
| -0.1% | -$2.81M |
|
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