Dodge & Cox
Dodge & Cox is one of the largest independently owned asset management firms, headquartered in San Francisco, California. Founded in 1930, the firm serves individual and institutional clients globally by offering a focused range of mutual funds and separate accounts. It is known for its client-first ethos, independent ownership, investment excellence, and a collaborative team culture. Dodge & Cox employs a diverse team dedicated to long-term investing and has been a stable presence in the asset management industry for over 95 years. The firm is led by seasoned professionals and emphasizes stability, collaboration, and intellectual capital compounding over generations.
Investment Strategy
Dodge & Cox follows a rigorous, value-oriented, bottom-up investment approach centered around individual security selection. Its fundamental analysis focuses on the relationship between company fundamentals and valuation, with persistent and patient portfolio construction for long-term growth. The firm invests in diverse debt and equity securities, integrating ESG and macro factors into research. Committees drive collective decision-making to avoid individual biases, and the firm seeks enduring value through deep research, discipline, and long-term horizon. Dodge & Cox specializes in identifying undervalued companies with favorable prospects and practices highly selective, active management for its core equity and fixed income strategies.
Top Holdings
Equity Positions (217)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SCHW | The Charles Schwab Corp. | 4.32% | $7.70B | 84,357,885 | $32.86 | $91.24 | +$749.4M |
J JCI | Johnson Controls International PLC | 3.97% | $7.07B | 66,922,767 | $46.00 | $105.62 | +$1.40B |
R RTX | RTX Corp. | 3.43% | $6.10B | 41,753,934 | $69.43 | $146.02 | +$486.8M |
F FI | Fiserv, Inc. | 2.88% | $5.12B | 29,719,536 | $109.68 | $172.41 | -$1.63B |
C CVS | CVS Health Corp. | 2.84% | $5.06B | 73,288,766 | $66.28 | $68.98 | +$78.6M |