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 |
FISV
Fiserv Inc
FISV
|
+$1.28B |
| 2 |
Aon
AON
|
+$1.25B |
| 3 |
Willis Towers Watson
WTW
|
+$762M |
| 4 |
Fidelity National Information Services
FIS
|
+$571M |
| 5 |
Adobe
ADBE
|
+$565M |
Top Sells
| 1 |
Wells Fargo
WFC
|
+$962M |
| 2 |
Goldman Sachs
GS
|
+$814M |
| 3 |
GE Aerospace
GE
|
+$764M |
| 4 |
Nutrien
NTR
|
+$587M |
| 5 |
Alnylam Pharmaceuticals
ALNY
|
+$357M |
Sector Composition
| 1 | Healthcare | 23.72% |
| 2 | Financials | 18.28% |
| 3 | Industrials | 12.84% |
| 4 | Technology | 11.99% |
| 5 | Communication Services | 11.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
1
Charles Schwab
SCHW
$178B
| $7.93B | 4.28% |
83,043,253
-1,314,632
| -2% | -$125M |
|
2
Johnson Controls International
JCI
$87.8B
| $7.06B | 3.81% |
64,210,645
-2,712,122
| -4% | -$290M |
|
3
RTX Corp
RTX
$264B
| $6.71B | 3.62% |
40,099,366
-1,654,568
| -4% | -$257M |
|
4
CVS Health
CVS
$135B
| $5.52B | 2.98% |
73,176,586
-112,180
| -0.2% | -$7.69M |
|
|
FISV
5
Fiserv Inc
FISV
$27.3B
| $4.98B | 2.69% |
38,634,009
+8,914,473
| +30% | +$1.28B |
|
6
MetLife
MET
$59.9B
| $4.42B | 2.38% |
53,659,664
+477,783
| +0.9% | +$37.6M |
|
7
Microsoft
MSFT
$2.9T
| $4.08B | 2.2% |
7,872,161
-270,099
| -3% | -$138M |
|
8
FedEx
FDX
$74.9B
| $3.83B | 2.06% |
16,225,160
+1,742,666
| +12% | +$402M |
|
|
BNY
9
Bank of New York Mellon
BNY
$104B
| $3.8B | 2.05% |
34,842,944
-2,776,430
| -7% | -$283M |
|
10
Occidental Petroleum
OXY
$54.5B
| $3.77B | 2.04% |
79,883,371
-371,001
| -0.5% | -$16.8M |
|
11
Booking.com
BKNG
$136B
| $3.64B | 1.97% |
16,877,050
-1,384,775
| -8% | -$309M |
|
12
Amazon
AMZN
$2.66T
| $3.58B | 1.93% |
16,296,330
-295,820
| -2% | -$67M |
|
13
Comcast
CMCSA
$85.6B
| $3.54B | 1.91% |
112,567,918
+1,295,598
| +1% | +$43.4M |
|
14
TE Connectivity
TEL
$57.8B
| $3.52B | 1.9% |
16,039,754
-1,000,049
| -6% | -$200M |
|
15
Alphabet (Google) Class C
GOOG
$4.28T
| $3.41B | 1.84% |
13,992,737
-186,686
| -1% | -$39.2M |
|
16
GSK
GSK
$105B
| $3.38B | 1.83% |
78,403,734
-354,135
| -0.4% | -$13.8M |
|
17
Gilead Sciences
GILD
$163B
| $3.34B | 1.8% |
30,133,131
-685,191
| -2% | -$77.9M |
|
18
UnitedHealth
UNH
$390B
| $3.28B | 1.77% |
9,505,636
+755,076
| +9% | +$228M |
|
19
Norfolk Southern
NSC
$73.6B
| $3.27B | 1.76% |
10,874,249
+15,128
| +0.1% | +$4.2M |
|
|
20
Wells Fargo
WFC
$268B
| $3.26B | 1.76% |
38,887,925
-11,857,936
| -23% | -$962M |
|
21
Sanofi
SNY
$105B
| $3.25B | 1.76% |
68,931,747
-2,786,568
| -4% | -$134M |
|
22
Charter Communications
CHTR
$16.2B
| $3.25B | 1.75% |
11,807,549
+681,063
| +6% | +$206M |
|
23
Humana
HUM
$48.7B
| $2.95B | 1.59% |
11,338,186
-14,734
| -0.1% | -$3.87M |
|
24
Meta Platforms (Facebook)
META
$1.67T
| $2.91B | 1.57% |
3,963,207
-200,046
| -5% | -$149M |
|
|
25
Fidelity National Information Services
FIS
$21.7B
| $2.84B | 1.53% |
43,105,207
+7,830,710
| +22% | +$571M |
|
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