
	Dodge & Cox 13F
	Dodge & Cox

	Last update 2024-12-06	205 Stocks (4 new)
	Value $176.83 Bil	Turnover 2 %
	Countries: Top Holdings: JCI(3.75%)FI(3.32%)SCHW(3.28%)RTX(3.04%)WFC(2.78%) Portfolio Report

Dodge & Cox Profile

Dodge & Cox was founded in 1930 by Van Duyn Dodge and E. Morris Cox. The firm employs a team research approach in making investment decisions. The investment decisions are made by the Investment Policy Committees, and while the members of these committees may change over time, the firm aims to preserve the continuity of its investing philosophy, research and culture.

Dodge & Cox Investing Philosophy

Dodge & Cox believes that a well-tuned, group decision making process enhances individual thinking and moves the portfolio beyond dependence on any single person. The Dodge & Cox team is guided both in what they buy and what they sell by an ongoing search for superior relative value, steering clear of popular choices that come at a price they would rather not pay. Investing when valuations are low creates greater potential for capital appreciation. They look to be long-term owners of companies whose current valuations don't reflect their long-term earnings and cash-flow prospects.

Dodge & Cox Portfolio and Latest Trades

Ticker
Ticker
VMW
APD
HUM
CI
IFF
WFC
UBS
CVS
AVTR
GE
NSC
IFF
VMW
TFC
AEP
D
CHTR
RTX
ZBH
GOOG
DELL
CVS
HPE
CVS
COF
JCI
BAC
JNPR
TFC
MCHP
BAX
MCHP
OXY
GE
SUI
OVV
META
CSCO
GOOG
ZBH
VFC
COF
AXP
GOOG
PYPL
BAX
SCHW
META
TAP
NSC
FIS
UBS
HLN
FDX
MSFT
GEV
OTIS
NSC
CI
MCHP
NSC
STT
OVV
BUD
UBS
BAX
BIDU
GOOGL
NVS
HPQ
AMZN
GOOG
BAC
BK
NTES
SBAC
HMC
COF
JCI
SU
BKR
TECK
DELL
NVS
TFC
FOXA
TECK
D
GEHC
AVTR
WFC
HMC
BAC
CVS
CSCO
MDT
OVV
FIS
FDX
CVS

Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
VMW	VMware Inc	2023-12-31	Sold Out	-2.21%	● 142.2 ($155.85) 178.88	$142.48	-8.58%	Sold Out	0	-19,732,814
APD	Air Products & Chemicals Inc	2024-09-30	Add	+1.11%	● 247.34 ($273.47) 300.36	$293.08	7.17%	Add 227423.93%	6,598,194	6,595,294
HUM	Humana Inc	2024-06-30	New Buy	+0.97%	● 302.09 ($337.63) 373.65	$269.04	-20.32%	New holding	4,308,536	4,308,536
CI	The Cigna Group	2024-06-30	Reduce	-0.90%	● 330.57 ($344.84) 364.08	$278.99	-19.10%	Reduce -32.56%	8,852,809	-4,275,082
IFF	International Flavors & Fragrances Inc	2023-12-31	New Buy	+0.79%	● 62.99 ($72.32) 82.08	$81.36	12.50%	New holding	15,440,725	15,440,725
WFC	Wells Fargo & Co	2024-06-30	Reduce	-0.77%	● 56.41 ($59.04) 62.34	$69.96	18.50%	Reduce -19.88%	92,277,487	-22,898,565
UBS	UBS Group AG	2023-12-31	Reduce	-0.74%	● 23.36 ($26.3) 31.19	$32.31	22.85%	Reduce -32.56%	92,331,951	-44,571,466
CVS	CVS Health Corp	2024-06-30	Add	+0.73%	● 53.63 ($62.55) 79.56	$48.01	-23.25%	Add 50.4%	61,683,343	20,670,800
AVTR	Avantor Inc	2023-12-31	Add	+0.70%	● 17.15 ($20.49) 23.08	$21.66	5.71%	Add 360.4%	61,196,331	47,904,427
GE	General Electric Co	2023-06-30	Reduce	-0.66%	● 93.6 ($101.37) 109.85	$171.69	69.37%	Reduce -29.47%	24,391,081	-10,190,400
NSC	Norfolk Southern Corp	2023-06-30	Add	+0.65%	● 200.86 ($212.41) 226.76	$233.94	10.14%	Add 121199.69%	4,306,139	4,302,589
IFF	International Flavors & Fragrances Inc	2024-03-31	Add	+0.61%	● 73.21 ($80.3) 85.99	$81.36	1.32%	Add 79.58%	27,729,011	12,288,286
VMW	VMware Inc	2023-09-30	Reduce	-0.61%	● 141.4 ($160.17) 168.78	$142.48	-11.04%	Reduce -24.3%	19,732,814	-6,333,836
TFC	Truist Financial Corp	2024-09-30	Reduce	-0.60%	● 38.22 ($42.23) 44.94	$42.78	1.30%	Reduce -50.16%	25,750,060	-25,915,796
AEP	American Electric Power Co Inc	2024-03-31	New Buy	+0.57%	● 75.94 ($81.29) 86.1	$93.51	15.03%	New holding	11,364,305	11,364,305
D	Dominion Energy Inc	2023-03-31	New Buy	+0.56%	● 52.22 ($58.52) 63.64	$53.39	-8.77%	New holding	14,825,633	14,825,633
CHTR	Charter Communications Inc	2024-03-31	Add	+0.53%	● 276.33 ($321.44) 391.51	$334.89	4.18%	Add 37.67%	11,563,786	3,163,944
RTX	RTX Corp	2023-12-31	Add	+0.52%	● 69.38 ($79.14) 84.17	$115.11	45.45%	Add 29.7%	42,189,300	9,659,760
ZBH	Zimmer Biomet Holdings Inc	2023-12-31	Add	+0.52%	● 102.72 ($111.58) 121.7	$104.54	-6.31%	Add 137.73%	11,474,535	6,647,810
GOOG	Alphabet Inc	2024-09-30	Reduce	-0.50%	● 149.54 ($169.25) 192.66	$193.17	14.13%	Reduce -15.39%	24,893,268	-4,528,217
DELL	Dell Technologies Inc	2023-12-31	Reduce	-0.50%	● 64.51 ($70.68) 77.26	$114.77	62.38%	Reduce -97.78%	243,897	-10,730,269
CVS	CVS Health Corp	2023-09-30	Add	+0.50%	● 65.17 ($70.86) 76.41	$48.01	-32.25%	Add 66.76%	26,722,982	10,698,560
HPE	Hewlett Packard Enterprise Co	2024-06-30	Reduce	-0.49%	● 16.44 ($18.43) 21.84	$22.08	19.80%	Reduce -98.46%	747,383	-47,746,489
CVS	CVS Health Corp	2024-03-31	Add	+0.49%	● 71.99 ($76.39) 81.42	$48.01	-37.15%	Add 34.85%	41,012,543	10,599,153
COF	Capital One Financial Corp	2023-09-30	Reduce	-0.46%	● 95.49 ($106.9) 117.96	$175.29	63.98%	Reduce -18.18%	28,402,804	-6,311,611
JCI	Johnson Controls International PLC	2024-03-31	Add	+0.46%	● 52.4 ($58.24) 65.32	$78.66	35.06%	Add 17.92%	79,938,324	12,145,865
BAC	Bank of America Corp	2023-09-30	Add	+0.45%	● 27.17 ($29.59) 32.65	$45.11	52.45%	Add 57.81%	66,637,135	24,411,655
JNPR	Juniper Networks Inc	2024-09-30	Reduce	-0.45%	● 36.35 ($38.16) 39.03	$38.45	0.76%	Reduce -60.51%	13,509,238	-20,703,552
TFC	Truist Financial Corp	2023-09-30	Add	+0.44%	● 27.97 ($30.75) 35.59	$42.78	39.12%	Add 74.56%	53,051,950	22,660,216
MCHP	Microchip Technology Inc	2024-03-31	Reduce	-0.44%	● 80.58 ($86.19) 93.34	$55.19	-35.97%	Reduce -47.18%	8,688,028	-7,761,231
BAX	Baxter International Inc	2023-12-31	Add	+0.43%	● 31.71 ($35.38) 38.95	$29.42	-16.85%	Add 178.03%	27,381,465	17,533,024
MCHP	Microchip Technology Inc	2024-06-30	Reduce	-0.42%	● 81.68 ($91.51) 99.49	$55.19	-39.69%	Reduce -92.84%	621,961	-8,066,067
OXY	Occidental Petroleum Corp	2023-12-31	Reduce	-0.41%	● 55.55 ($61.02) 66.5	$51.30	-15.93%	Reduce -10.46%	80,992,508	-9,456,795
GE	General Electric Co	2023-12-31	Reduce	-0.41%	● 106.08 ($116.09) 128.32	$171.69	47.89%	Reduce -24.52%	16,818,881	-5,464,700
SUI	Sun Communities Inc	2024-03-31	New Buy	+0.40%	● 123.35 ($129.82) 135.95	$120.53	-7.16%	New holding	5,418,615	5,418,615
OVV	Ovintiv Inc	2024-03-31	Reduce	-0.40%	● 40.27 ($45.54) 51.9	$43.61	-4.24%	Reduce -62.25%	8,665,010	-14,290,241
META	Meta Platforms Inc	2023-06-30	Reduce	-0.39%	● 207.55 ($246.21) 288.73	$615.86	150.14%	Reduce -36.83%	4,577,494	-2,668,363
CSCO	Cisco Systems Inc	2023-09-30	Reduce	-0.39%	● 50.38 ($53.95) 57.84	$58.74	8.88%	Reduce -28.2%	28,779,116	-11,305,908
GOOG	Alphabet Inc	2023-09-30	Reduce	-0.39%	● 116.87 ($130.02) 138.99	$193.17	48.57%	Reduce -12.13%	35,363,825	-4,881,725
ZBH	Zimmer Biomet Holdings Inc	2024-03-31	Add	+0.38%	● 119.98 ($124.91) 132.61	$104.54	-16.31%	Add 43.09%	16,419,270	4,944,735
VFC	VF Corp	2023-09-30	New Buy	+0.38%	● 16.59 ($19.03) 20.61	$22.79	19.76%	New holding	32,115,750	32,115,750
COF	Capital One Financial Corp	2024-06-30	Reduce	-0.38%	● 133.7 ($140.29) 148.87	$175.29	24.95%	Reduce -18.23%	19,939,018	-4,443,799
AXP	American Express Co	2023-03-31	Reduce	-0.38%	● 146.43 ($165.89) 181.33	$293.30	76.80%	Reduce -87.93%	515,146	-3,752,665
GOOG	Alphabet Inc	2023-12-31	Reduce	-0.37%	● 123.4 ($135.69) 142.82	$193.17	42.36%	Reduce -11.67%	31,236,915	-4,126,910
PYPL	PayPal Holdings Inc	2023-03-31	Reduce	-0.37%	● 72.56 ($77.02) 86.96	$83.36	8.23%	Reduce -99.21%	59,350	-7,466,300
BAX	Baxter International Inc	2024-09-30	Add	+0.37%	● 32.85 ($36.74) 40.26	$29.42	-19.92%	Add 62.04%	44,598,194	17,075,449
SCHW	Charles Schwab Corp	2023-12-31	Add	+0.36%	● 49.33 ($57.75) 70.98	$72.77	26.01%	Add 10.46%	86,421,986	8,182,467
META	Meta Platforms Inc	2023-03-31	Reduce	-0.36%	● 124.74 ($170.3) 211.94	$615.86	261.63%	Reduce -37.93%	7,245,857	-4,428,333
TAP	Molson Coors Beverage Co	2023-06-30	Reduce	-0.35%	● 51.68 ($61.66) 67.75	$52.44	-14.95%	Reduce -35.44%	18,153,474	-9,966,580
NSC	Norfolk Southern Corp	2024-06-30	Add	+0.34%	● 209.9 ($232.04) 253.39	$233.94	0.82%	Add 32.86%	10,794,867	2,669,800
FIS	Fidelity National Information Services Inc	2023-09-30	Add	+0.33%	● 54.39 ($57.55) 62.12	$77.13	34.02%	Add 32.01%	36,661,950	8,889,475
UBS	UBS Group AG	2024-03-31	Reduce	-0.33%	● 27.05 ($29.54) 31.93	$32.31	9.38%	Reduce -18.31%	75,422,942	-16,909,009
HLN	Haleon PLC	2024-03-31	Add	+0.33%	● 8.02 ($8.36) 8.67	$9.10	8.85%	Add 59.9%	176,953,251	66,290,153
FDX	FedEx Corp	2023-06-30	Reduce	-0.32%	● 217.29 ($228.84) 249.98	$270.73	18.31%	Reduce -12.03%	14,854,234	-2,031,155
MSFT	Microsoft Corp	2024-03-31	Reduce	-0.32%	● 367.75 ($404.82) 429.37	$418.95	3.49%	Reduce -12.3%	9,490,609	-1,330,511
GEV	GE Vernova Inc	2024-06-30	Reduce	-0.31%	● 122.7 ($158.47) 181.45	$367.10	131.65%	Reduce -95.47%	182,865	-3,852,090
OTIS	Otis Worldwide Corp	2024-03-31	Reduce	-0.29%	● 85.45 ($92.42) 100.22	$90.77	-1.79%	Reduce -99.56%	22,260	-5,004,237
NSC	Norfolk Southern Corp	2023-09-30	Add	+0.28%	● 195.64 ($216.16) 237.49	$233.94	8.23%	Add 49.15%	6,422,714	2,116,575
CI	The Cigna Group	2023-09-30	Add	+0.27%	● 268.69 ($285.18) 299.4	$278.99	-2.17%	Add 11.67%	13,428,482	1,403,076
MCHP	Microchip Technology Inc	2023-09-30	Reduce	-0.27%	● 76.05 ($83.72) 93.94	$55.19	-34.08%	Reduce -20.46%	17,303,884	-4,451,984
NSC	Norfolk Southern Corp	2023-12-31	Add	+0.27%	● 184.53 ($209.57) 236.53	$233.94	11.63%	Add 28.19%	8,233,372	1,810,658
STT	State Street Corporation	2024-06-30	Reduce	-0.27%	● 70.91 ($74.53) 78.01	$93.91	26.00%	Reduce -32.19%	12,914,714	-6,131,885
OVV	Ovintiv Inc	2024-06-30	Sold Out	-0.26%	● 45.63 ($50.34) 55.56	$43.61	-13.37%	Sold Out	0	-8,665,010
BUD	Anheuser-Busch InBev SA/NV	2023-09-30	Add	+0.25%	● 53.38 ($56.68) 58.86	$46.15	-18.58%	Add 25.94%	31,844,538	6,558,810
UBS	UBS Group AG	2023-09-30	Reduce	-0.25%	● 19.39 ($23.36) 26.71	$32.31	38.31%	Reduce -11.87%	136,903,417	-18,435,275
BAX	Baxter International Inc	2023-09-30	New Buy	+0.25%	● 37.32 ($42.6) 49.29	$29.42	-30.94%	New holding	9,848,441	9,848,441
BIDU	Baidu Inc	2023-03-31	Reduce	-0.25%	● 119.13 ($141.83) 160.22	$77.43	-45.41%	Reduce -50.33%	3,148,215	-3,189,440
GOOGL	Alphabet Inc	2023-03-31	Add	+0.24%	● 86.2 ($95.94) 107.74	$192.04	100.17%	Add 35.74%	12,841,330	3,381,255
NVS	Novartis AG	2023-06-30	Reduce	-0.24%	● 92 ($99.89) 104.91	$99.08	-0.81%	Reduce -19.23%	16,407,113	-3,905,567
HPQ	HP Inc	2023-06-30	Reduce	-0.24%	● 28.9 ($30.01) 31.3	$33.20	10.63%	Reduce -23.46%	39,509,098	-12,109,907
AMZN	Amazon.com Inc	2023-03-31	Add	+0.23%	● 83.12 ($96.61) 112.91	$218.94	126.62%	Add 21.91%	18,360,370	3,299,870
GOOG	Alphabet Inc	2023-06-30	Reduce	-0.23%	● 104 ($115.57) 127.91	$193.17	67.15%	Reduce -7.46%	40,245,550	-3,243,369
BAC	Bank of America Corp	2024-06-30	Reduce	-0.23%	● 34.68 ($38.32) 40.02	$45.11	17.72%	Reduce -14.49%	60,616,153	-10,273,207
BK	Bank of New York Mellon Corp	2024-09-30	Reduce	-0.22%	● 59.54 ($65.77) 72.17	$75.42	14.67%	Reduce -11.41%	48,524,949	-6,246,833
NTES	NetEase Inc	2023-06-30	Reduce	-0.22%	● 83.49 ($90.28) 98.64	$91.11	0.92%	Reduce -41.98%	5,077,959	-3,674,310
SBAC	SBA Communications Corp	2024-09-30	New Buy	+0.22%	● 189 ($221.66) 245.09	$192.76	-13.04%	New holding	1,623,515	1,623,515
HMC	Honda Motor Co Ltd	2023-12-31	Reduce	-0.22%	● 29.44 ($31.57) 34.09	$28.65	-9.25%	Reduce -23.41%	31,649,060	-9,675,740
COF	Capital One Financial Corp	2023-12-31	Reduce	-0.21%	● 88.97 ($107.87) 132.02	$175.29	62.50%	Reduce -11.2%	25,220,598	-3,182,206
JCI	Johnson Controls International PLC	2024-06-30	Add	+0.21%	● 60.47 ($67.32) 73.9	$78.66	16.84%	Add 6.67%	85,272,989	5,334,665
SU	Suncor Energy Inc	2024-06-30	Reduce	-0.21%	● 36.37 ($38.64) 41.05	$39.38	1.92%	Reduce -24.4%	30,255,854	-9,763,000
BKR	Baker Hughes Co	2023-06-30	Add	+0.21%	● 27.22 ($29.15) 31.61	$43.26	48.40%	Add 28.79%	43,880,654	9,808,300
TECK	Teck Resources Ltd	2024-03-31	Reduce	-0.21%	● 36.93 ($40.15) 45.78	$42.03	4.68%	Reduce -42.34%	10,560,340	-7,753,300
DELL	Dell Technologies Inc	2023-09-30	Reduce	-0.20%	● 52.61 ($59.58) 72.16	$114.77	92.63%	Reduce -33.75%	10,974,166	-5,589,792
NVS	Novartis AG	2023-12-31	Reduce	-0.20%	● 92.27 ($96.35) 100.97	$99.08	2.83%	Reduce -19.05%	13,165,538	-3,098,683
TFC	Truist Financial Corp	2023-06-30	Add	+0.20%	● 26.21 ($31.11) 34.79	$42.78	37.51%	Add 48.9%	30,391,734	9,980,937
FOXA	Fox Corp	2023-09-30	Reduce	-0.20%	● 30.86 ($32.85) 34.93	$48.19	46.70%	Reduce -22.37%	30,041,880	-8,657,381
TECK	Teck Resources Ltd	2023-06-30	Reduce	-0.20%	● 36.5 ($42.87) 48.65	$42.03	-1.96%	Reduce -28.62%	19,765,040	-7,926,000
D	Dominion Energy Inc	2023-12-31	Add	+0.19%	● 39.53 ($44.64) 49.47	$53.39	19.60%	Add 39.64%	22,800,383	6,472,100
GEHC	GE HealthCare Technologies Inc	2023-03-31	Add	+0.19%	● 56 ($71.4) 82.14	$84.76	18.71%	Add 27.59%	15,810,644	3,418,438
AVTR	Avantor Inc	2023-09-30	New Buy	+0.19%	● 20.23 ($21.27) 23.33	$21.66	1.83%	New holding	13,291,904	13,291,904
WFC	Wells Fargo & Co	2024-09-30	Reduce	-0.19%	● 51.57 ($56.56) 60.97	$69.96	23.69%	Reduce -5.77%	86,949,610	-5,327,877
HMC	Honda Motor Co Ltd	2024-03-31	Reduce	-0.18%	● 30.6 ($34.36) 37.68	$28.65	-16.62%	Reduce -29.72%	22,244,375	-9,404,685
BAC	Bank of America Corp	2024-09-30	Reduce	-0.18%	● 36.65 ($40.08) 44.13	$45.11	12.55%	Reduce -12.22%	53,207,803	-7,408,350
CVS	CVS Health Corp	2023-12-31	Add	+0.18%	● 66.29 ($71.17) 79	$48.01	-32.54%	Add 13.81%	30,413,390	3,690,408
CSCO	Cisco Systems Inc	2023-12-31	Reduce	-0.17%	● 47.7 ($51.09) 54.39	$58.74	14.97%	Reduce -16.29%	24,091,212	-4,687,904
MDT	Medtronic PLC	2023-03-31	Add	+0.17%	● 76.72 ($81.5) 87.58	$80.66	-1.03%	Add 75.43%	7,183,890	3,088,831
OVV	Ovintiv Inc	2023-12-31	Reduce	-0.17%	● 40.83 ($45.63) 51.28	$43.61	-4.43%	Reduce -18.91%	22,955,251	-5,351,825
FIS	Fidelity National Information Services Inc	2024-03-31	Add	+0.17%	● 59.01 ($65.1) 74.18	$77.13	18.48%	Add 10.32%	41,502,450	3,882,240
FDX	FedEx Corp	2023-12-31	Reduce	-0.16%	● 227.93 ($254.05) 281.92	$270.73	6.57%	Reduce -6.21%	13,572,703	-898,431
CVS	CVS Health Corp	2023-06-30	Add	+0.16%	● 66.65 ($71.2) 77.75	$48.01	-32.57%	Add 27.11%	16,024,422	3,417,573

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