Dodge & Cox 13F annual report
Dodge & Cox is an investment fund managing more than $166 trillion ran by Katherine Primas. There are currently 197 companies in Mrs. Primas’s portfolio. The largest investments include Charles Schwab and Johnson Controls International plc, together worth $12 trillion.
$166 trillion Assets Under Management (AUM)
As of 6th August 2024, Dodge & Cox’s top holding is 85,787,053 shares of Charles Schwab currently worth over $6.32 trillion and making up 3.8% of the portfolio value.
Relative to the number of outstanding shares of Charles Schwab, Dodge & Cox owns more than approximately 0.1% of the company.
In addition, the fund holds 85,272,989 shares of Johnson Controls International plc worth $5.67 trillion, whose value grew 21.6% in the past six months.
The third-largest holding is Wells Fargo & Co worth $5.48 trillion and the next is Alphabet Inc worth $7.62 trillion, with 41,624,157 shares owned.
Currently, Dodge & Cox's portfolio is worth at least $166 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Dodge & Cox
The Dodge & Cox office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Katherine Primas serves as the Chief Compliance Officer at Dodge & Cox.
Recent trades
In the most recent 13F filing, Dodge & Cox revealed that it had opened a new position in
Humana and bought 4,308,536 shares worth $1.61 trillion.
This means they effectively own approximately 0.1% of the company.
Humana makes up
5.9%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Johnson Controls International plc by buying
5,334,665 additional shares.
This makes their stake in Johnson Controls International plc total 85,272,989 shares worth $5.67 trillion.
Johnson Controls International plc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Dodge & Cox is getting rid of from its portfolio.
Dodge & Cox closed its position in Ovintiv Inc on 13th August 2024.
It sold the previously owned 8,665,010 shares for $450 billion.
Katherine Primas also disclosed a decreased stake in Charles Schwab by approximately 0.1%.
This leaves the value of the investment at $6.32 trillion and 85,787,053 shares.
One of the largest hedge funds
The two most similar investment funds to Dodge & Cox are Principal Financial Group Inc and American Century Companies Inc. They manage $168 trillion and $163 trillion respectively.
Katherine Primas investment strategy
Dodge & Cox’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Finance — making up 20.7% of
the total portfolio value.
The fund focuses on investments in the United States as
64.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
73% of the total holdings value.
On the other hand, small-cap stocks make up only 2.0% of the portfolio.
The average market cap of the portfolio companies is close to $124 billion.
The complete list of Dodge & Cox trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Charles Schwab Corp. |
0.59%
85,787,053
|
$6,321,647,936,000 | 3.81% |
| Johnson Controls International plc |
6.67%
85,272,989
|
$5,668,095,579,000 | 3.41% |
| Wells Fargo & Co. |
19.88%
92,277,487
|
$5,480,359,966,000 | 3.30% |
| Alphabet Inc |
3.63%
41,624,157
|
$7,619,205,484,000 | 4.59% |
| Fiserv, Inc. |
0.69%
34,371,378
|
$5,122,710,177,000 | 3.09% |
| Occidental Petroleum Corp. |
1.46%
78,361,008
|
$4,939,094,334,000 | 2.97% |
| RTX Corp |
0.04%
44,284,541
|
$4,445,725,071,000 | 2.68% |
| Microsoft Corporation |
0.80%
9,414,281
|
$4,207,712,893,000 | 2.53% |
| Fedex Corp |
0.93%
13,394,616
|
$4,016,241,661,000 | 2.42% |
| MetLife, Inc. |
0.28%
56,353,281
|
$3,955,436,793,000 | 2.38% |
| Sanofi Sa |
1.30%
77,109,633
|
$3,741,359,393,000 | 2.25% |
| CVS Health Corp |
50.40%
61,683,343
|
$3,643,018,238,000 | 2.19% |
| Charter Communications Inc. |
1.01%
11,681,107
|
$3,492,183,749,000 | 2.10% |
| Amazon.com Inc. |
0.39%
17,334,351
|
$3,349,863,331,000 | 2.02% |
| Bank Of New York Mellon Corp |
1.15%
54,771,782
|
$3,280,282,024,000 | 1.98% |
| Booking Holdings Inc |
0.28%
789,804
|
$3,128,808,546,000 | 1.88% |
| Fidelity National Information Services, Inc. |
0.16%
41,435,311
|
$3,122,565,037,000 | 1.88% |
| Cigna Group (The) |
32.56%
8,852,809
|
$2,926,473,071,000 | 1.76% |
| Comcast Corp. |
0.55%
72,739,344
|
$2,848,472,711,000 | 1.72% |
| Capital One Financial Corp. |
18.23%
19,939,018
|
$2,760,557,042,000 | 1.66% |
| International Flavors & Fragrances Inc. |
1.72%
28,206,607
|
$2,685,551,052,000 | 1.62% |
| GSK Plc |
0.76%
68,337,138
|
$2,630,979,813,000 | 1.58% |
| Goldman Sachs Group, Inc. |
0.92%
5,423,532
|
$2,453,171,994,000 | 1.48% |
| Regeneron Pharmaceuticals, Inc. |
1.87%
2,315,686
|
$2,433,855,457,000 | 1.47% |
| Bank Of America Corp. |
14.49%
60,616,153
|
$2,410,704,386,000 | 1.45% |
| TE Connectivity Ltd |
0.30%
15,766,921
|
$2,371,817,926,000 | 1.43% |
| Norfolk Southern Corp. |
32.86%
10,794,867
|
$2,317,549,996,000 | 1.40% |
| GE Aerospace |
11.32%
14,312,511
|
$2,275,259,874,000 | 1.37% |
| Gilead Sciences, Inc. |
0.14%
33,122,337
|
$2,272,523,542,000 | 1.37% |
| UBS Group AG |
2.63%
73,442,242
|
$2,155,584,705,000 | 1.30% |
| Truist Financial Corporation |
0.53%
51,665,856
|
$2,007,218,506,000 | 1.21% |
| Unitedhealth Group Inc |
0.62%
3,921,445
|
$1,997,035,081,000 | 1.20% |
| Meta Platforms Inc |
0.07%
3,829,095
|
$1,930,706,281,000 | 1.16% |
| Anheuser-Busch InBev SA/NV |
0.75%
31,470,885
|
$1,830,031,963,000 | 1.10% |
| Zimmer Biomet Holdings Inc |
1.99%
16,745,630
|
$1,817,403,224,000 | 1.09% |
| T-mobile U.s., Inc. |
10.99%
9,827,889
|
$1,731,477,484,000 | 1.04% |
| Baker Hughes Co |
0.23%
46,058,888
|
$1,619,891,091,000 | 0.98% |
| Humana Inc. |
Opened
4,308,536
|
$1,609,884,476,000 | 0.97% |
| The Williams Co., Inc. |
0.63%
37,547,551
|
$1,595,770,918,000 | 0.96% |
| LyondellBasell Industries NV |
0.42%
16,158,867
|
$1,545,757,217,000 | 0.93% |
| Haleon Plc |
1.82%
180,170,635
|
$1,488,209,445,000 | 0.90% |
| Avantor, Inc. |
2.64%
65,364,190
|
$1,385,720,828,000 | 0.83% |
| Conocophillips |
1.06%
11,475,600
|
$1,312,579,128,000 | 0.79% |
| Novartis AG |
0.95%
12,236,526
|
$1,302,700,558,000 | 0.78% |
| Ge Healthcare Technologies, Inc. |
0.60%
16,713,150
|
$1,302,288,648,000 | 0.78% |
| Alibaba Group Holding Ltd |
0.22%
18,034,070
|
$1,298,453,040,000 | 0.78% |
| Cognizant Technology Solutions Corp. |
0.22%
18,458,724
|
$1,255,193,232,000 | 0.76% |
| Juniper Networks Inc |
0.14%
34,212,790
|
$1,247,398,323,000 | 0.75% |
| HP Inc |
0.71%
35,098,525
|
$1,229,150,346,000 | 0.74% |
| Elanco Animal Health Inc |
0.32%
83,583,150
|
$1,206,104,855,000 | 0.73% |
| Suncor Energy, Inc. |
24.40%
30,255,854
|
$1,152,748,037,000 | 0.69% |
| Biomarin Pharmaceutical Inc. |
0.45%
13,930,493
|
$1,146,897,489,000 | 0.69% |
| Cisco Systems, Inc. |
0.24%
23,912,097
|
$1,136,063,728,000 | 0.68% |
| Dominion Energy Inc |
0.23%
22,812,448
|
$1,117,809,952,000 | 0.67% |
| American Electric Power Co., Inc. |
4.11%
11,831,805
|
$1,038,122,571,000 | 0.63% |
| Coherent Corp |
7.18%
14,013,619
|
$1,015,426,833,000 | 0.61% |
| Fox Corporation |
0.67%
39,960,383
|
$1,346,728,130,000 | 0.81% |
| State Street Corp. |
32.19%
12,914,714
|
$955,688,836,000 | 0.58% |
| Incyte Corp. |
0.89%
15,279,343
|
$926,233,773,000 | 0.56% |
| Baxter International Inc. |
0.08%
27,522,745
|
$920,635,820,000 | 0.55% |
| Alnylam Pharmaceuticals Inc |
0.82%
3,780,185
|
$918,584,955,000 | 0.55% |
| Celanese Corp |
0.27%
6,808,019
|
$918,333,683,000 | 0.55% |
| Carrier Global Corporation |
0.10%
14,367,024
|
$906,271,874,000 | 0.55% |
| Credicorp Ltd |
0.79%
5,474,280
|
$883,165,592,000 | 0.53% |
| Molson Coors Beverage Company |
0.41%
14,574,964
|
$740,845,420,000 | 0.45% |
| Aegon Ltd. |
5.69%
118,143,251
|
$724,218,129,000 | 0.44% |
| Honda Motor Co., Ltd. |
0.49%
22,135,475
|
$713,647,714,000 | 0.43% |
| Gap, Inc. |
19.82%
28,971,846
|
$692,137,401,000 | 0.42% |
| Sun Communities, Inc. |
2.92%
5,576,740
|
$671,104,892,000 | 0.40% |
| Bristol-Myers Squibb Co. |
3.07%
15,766,898
|
$654,799,274,000 | 0.39% |
| Nutrien Ltd |
0.46%
12,199,059
|
$621,054,094,000 | 0.37% |
| XP Inc |
15.72%
34,352,845
|
$604,266,544,000 | 0.36% |
| Linde Plc. |
No change
1,326,990
|
$582,296,482,000 | 0.35% |
| JD.com Inc |
6.07%
22,479,249
|
$580,863,794,000 | 0.35% |
| VF Corp. |
20.11%
42,556,750
|
$574,516,125,000 | 0.35% |
| Medtronic Plc |
0.03%
6,791,555
|
$534,563,294,000 | 0.32% |
| Baidu Inc |
55.49%
5,883,215
|
$508,780,433,000 | 0.31% |
| Teck Resources Ltd |
0.05%
10,554,840
|
$505,576,836,000 | 0.30% |
| Ovintiv Inc |
Closed
8,665,010
|
$449,714,019,000 | |
| TC Energy Corporation |
No change
11,860,400
|
$449,509,160,000 | 0.27% |
| Yum China Holdings Inc |
58.95%
10,681,262
|
$329,410,120,000 | 0.20% |
| Gaming & Leisure Properties, Inc. |
1.44%
6,524,863
|
$294,989,056,000 | 0.18% |
| Brighthouse Financial, Inc. |
23.46%
6,688,783
|
$289,891,855,000 | 0.17% |
| News Corp |
0.09%
10,457,182
|
$288,304,508,000 | 0.17% |
| Coupang, Inc. |
Opened
12,114,152
|
$253,791,484,000 | 0.15% |
| EchoStar Corp |
0.68%
13,564,286
|
$241,579,934,000 | 0.15% |
| Grupo Televisa SAB |
No change
64,212,690
|
$177,869,151,000 | 0.11% |
| Neurocrine Biosciences, Inc. |
1.23%
1,280,820
|
$176,330,489,000 | 0.11% |
| Liberty Global Ltd |
No change
13,554,329
|
$239,942,397,000 | 0.14% |
| HDFC Bank Ltd. |
14.25%
2,364,300
|
$152,095,419,000 | 0.09% |
| Flutter Entertainment Plc |
No change
624,478
|
$113,879,808,000 | 0.07% |
| NetEase Inc |
14.13%
1,080,952
|
$103,317,392,000 | 0.06% |
| American Express Co. |
2.88%
416,269
|
$96,387,087,000 | 0.06% |
| Itau Unibanco Holding Sa |
3.66%
15,228,405
|
$88,933,885,000 | 0.05% |
| Fresenius Medical Care AG |
No change
4,223,110
|
$80,619,170,000 | 0.05% |
| Cadence Design Systems, Inc. |
1.49%
261,118
|
$80,359,065,000 | 0.05% |
| Union Pacific Corp. |
0.22%
282,582
|
$63,937,003,000 | 0.04% |
| JPMorgan Chase & Co. |
3.95%
307,915
|
$62,278,888,000 | 0.04% |
| Microchip Technology, Inc. |
92.84%
621,961
|
$56,909,432,000 | 0.03% |
| Eli Lilly & Co. |
2.02%
45,978
|
$41,627,562,000 | 0.03% |
| Schlumberger Nv |
8.51%
670,479
|
$31,633,199,000 | 0.02% |
| Ge Vernova, Inc. |
Opened
182,865
|
$31,363,176,000 | 0.02% |
| Walt Disney Co (The) |
1.62%
305,856
|
$30,368,442,000 | 0.02% |
| Chevron Corp. |
0.48%
184,453
|
$28,852,138,000 | 0.02% |
| The Travelers Co., Inc. |
No change
112,870
|
$22,950,986,000 | 0.01% |
| Merck & Co Inc |
1.01%
158,876
|
$19,668,849,000 | 0.01% |
| Target Corp |
1.28%
116,294
|
$17,216,164,000 | 0.01% |
| Hewlett Packard Enterprise Co |
98.46%
747,383
|
$15,822,098,000 | 0.01% |
| Procter & Gamble Co. |
0.94%
94,903
|
$15,651,403,000 | 0.01% |
| Taiwan Semiconductor Manufacturing Co., Ltd. |
No change
86,500
|
$15,034,565,000 | 0.01% |
| Thermo Fisher Scientific Inc. |
0.03%
26,791
|
$14,815,423,000 | 0.01% |
| Caterpillar Inc. |
0.12%
42,276
|
$14,082,136,000 | 0.01% |
| Walmart Inc |
2.44%
201,810
|
$13,664,555,000 | 0.01% |
| Adobe Inc |
0.36%
21,602
|
$12,000,775,000 | 0.01% |
| Astrazeneca plc |
3.54%
149,785
|
$11,681,732,000 | 0.01% |
| Exxon Mobil Corp. |
0.68%
79,812
|
$9,187,957,000 | 0.01% |
| Home Depot, Inc. |
1.35%
24,482
|
$8,427,684,000 | 0.01% |
| Boston Scientific Corp. |
No change
97,095
|
$7,477,286,000 | 0.00% |
| Analog Devices Inc. |
0.31%
31,815
|
$7,262,092,000 | 0.00% |
| Hess Corporation |
2.21%
46,550
|
$6,867,056,000 | 0.00% |
| Synopsys, Inc. |
No change
11,450
|
$6,813,437,000 | 0.00% |
| Vulcan Materials Co |
No change
24,700
|
$6,142,396,000 | 0.00% |
| Broadcom Inc |
23.19%
3,808
|
$6,113,687,000 | 0.00% |
| International Business Machines Corp. |
No change
34,270
|
$5,926,997,000 | 0.00% |
| Dell Technologies Inc |
39.58%
38,400
|
$5,295,744,000 | 0.00% |
| Berkshire Hathaway Inc. |
0.91%
12,707
|
$7,616,544,000 | 0.00% |
| Apple Inc |
0.16%
24,318
|
$5,121,857,000 | 0.00% |
| Deere & Co. |
0.95%
13,036
|
$4,870,641,000 | 0.00% |
| AMGEN Inc. |
No change
14,382
|
$4,493,656,000 | 0.00% |
| Shell Plc |
0.86%
57,713
|
$4,165,724,000 | 0.00% |
| Danaher Corp. |
No change
16,525
|
$4,128,771,000 | 0.00% |
| Cemex Sab De Cv |
5.14%
644,700
|
$4,119,633,000 | 0.00% |
| Motorola Solutions Inc |
No change
8,627
|
$3,330,453,000 | 0.00% |
| Pfizer Inc. |
0.39%
115,935
|
$3,243,861,000 | 0.00% |
| Johnson & Johnson |
No change
21,097
|
$3,083,538,000 | 0.00% |
| Halliburton Co. |
5.63%
87,202
|
$2,945,684,000 | 0.00% |
| S&P Global Inc |
No change
5,400
|
$2,408,400,000 | 0.00% |
| PNC Financial Services Group Inc |
No change
14,275
|
$2,219,477,000 | 0.00% |
| APA Corporation |
8.19%
72,850
|
$2,144,704,000 | 0.00% |
| Otis Worldwide Corporation |
2.02%
21,810
|
$2,099,431,000 | 0.00% |
| Alpha & Omega Semiconductor Ltd |
5.41%
50,694
|
$1,894,435,000 | 0.00% |
| Abbvie Inc |
No change
11,006
|
$1,887,749,000 | 0.00% |
| Corning, Inc. |
12.77%
48,150
|
$1,870,628,000 | 0.00% |
| Abbott Laboratories |
No change
17,857
|
$1,855,521,000 | 0.00% |
| Philip Morris International Inc |
No change
17,000
|
$1,722,610,000 | 0.00% |
| Honeywell International Inc |
No change
8,019
|
$1,712,377,000 | 0.00% |
| Diageo plc |
2.88%
13,511
|
$1,703,467,000 | 0.00% |
| NextEra Energy Inc |
1.67%
23,600
|
$1,671,116,000 | 0.00% |
| Mcdonald's Corp. |
No change
6,550
|
$1,669,202,000 | 0.00% |
| Coca-Cola Co |
No change
24,635
|
$1,568,018,000 | 0.00% |
| Parker-Hannifin Corp. |
No change
2,850
|
$1,441,559,000 | 0.00% |
| Trip.com Group Ltd |
No change
30,400
|
$1,428,800,000 | 0.00% |
| DuPont de Nemours Inc |
No change
17,583
|
$1,415,256,000 | 0.00% |
| Corteva Inc |
3.48%
25,648
|
$1,383,453,000 | 0.00% |
| Colgate-Palmolive Co. |
No change
14,000
|
$1,358,560,000 | 0.00% |
| Vipshop Holdings Ltd |
8.28%
101,997
|
$1,328,001,000 | 0.00% |
| Unilever plc |
No change
23,900
|
$1,314,261,000 | 0.00% |
| Las Vegas Sands Corp |
No change
28,400
|
$1,256,700,000 | 0.00% |
| JOYY Inc |
3.73%
34,966
|
$1,052,127,000 | 0.00% |
| U.s. Bancorp |
No change
25,000
|
$992,500,000 | 0.00% |
| Nucor Corp. |
8.82%
6,200
|
$980,096,000 | 0.00% |
| Altria Group Inc. |
No change
21,000
|
$956,550,000 | 0.00% |
| 3M Co. |
No change
9,224
|
$942,601,000 | 0.00% |
| Dow Inc |
3.35%
17,331
|
$919,410,000 | 0.00% |
| Copa Holdings Sa |
No change
9,350
|
$889,933,000 | 0.00% |
| EBay Inc. |
16.03%
15,710
|
$843,941,000 | 0.00% |
| Geopark, Ltd. |
No change
76,814
|
$841,113,000 | 0.00% |
| PayPal Holdings Inc |
3.42%
14,100
|
$818,223,000 | 0.00% |
| Ameriprise Financial Inc |
No change
1,827
|
$780,476,000 | 0.00% |
| Mondelez International Inc. |
No change
11,840
|
$774,810,000 | 0.00% |
| Air Products & Chemicals Inc. |
No change
2,900
|
$748,345,000 | 0.00% |
| Kaspi.kz Jsc |
No change
5,526
|
$712,909,000 | 0.00% |
| General Mills, Inc. |
No change
11,200
|
$708,512,000 | 0.00% |
| Moody's Corp. |
No change
1,566
|
$659,176,000 | 0.00% |
| Genuine Parts Co. |
No change
4,675
|
$646,646,000 | 0.00% |
| Intercorp Financial Services Inc. |
No change
27,010
|
$605,294,000 | 0.00% |
| Elevance Health, Inc. |
No change
1,100
|
$596,046,000 | 0.00% |
| Blackrock Inc. |
No change
750
|
$590,490,000 | 0.00% |
| KE Holdings Inc. |
No change
38,440
|
$543,926,000 | 0.00% |
| ICICI Bank Ltd. |
Closed
19,950
|
$526,880,000 | |
| Afya Ltd |
No change
29,183
|
$515,080,000 | 0.00% |
| Pepsico, Inc. |
No change
3,075
|
$507,160,000 | 0.00% |
| Bancolombia Sa |
Opened
13,000
|
$424,450,000 | 0.00% |
| Allstate Corp (The) |
No change
2,618
|
$417,990,000 | 0.00% |
| Phillips 66 |
No change
2,600
|
$367,042,000 | 0.00% |
| Dlocal, Ltd. |
Opened
44,900
|
$363,241,000 | 0.00% |
| Lockheed Martin Corp. |
No change
775
|
$362,003,000 | 0.00% |
| Cintas Corporation |
No change
500
|
$350,130,000 | 0.00% |
| Zoetis Inc |
No change
1,700
|
$294,712,000 | 0.00% |
| PPG Industries, Inc. |
No change
2,200
|
$276,958,000 | 0.00% |
| Lincoln National Corp. |
Closed
8,500
|
$271,405,000 | |
| Rio Tinto plc |
No change
4,000
|
$263,720,000 | 0.00% |
| Visa Inc |
No change
1,000
|
$262,470,000 | 0.00% |
| Noah Holdings Ltd |
No change
26,840
|
$259,006,000 | 0.00% |
| Petroleo Brasileiro Sa |
No change
16,500
|
$239,085,000 | 0.00% |
| Becton, Dickinson & Co. |
No change
980
|
$229,036,000 | 0.00% |
| Verizon Communications Inc |
No change
5,500
|
$226,820,000 | 0.00% |
| Intuitive Surgical Inc |
Opened
500
|
$222,425,000 | 0.00% |
| Loma Negra Cia Industrial Argentina Sa |
24.51%
30,800
|
$208,208,000 | 0.00% |
| Qurate Retail Inc |
No change
22,000
|
$13,860,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 200 holdings | |||
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