Dodge & Cox
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Dodge & Cox reported 198 stock positions worth $171.8 billion. Its top holding was Wells Fargo (WFC) at 3.9% of the portfolio, followed by Schwab (charles) (SCHW, 3.6%) and Fiserv (FISV, 3.2%). Compared with Q4 2023, it opened 4 new positions, sold out of 2, added to 38 and reduced 101. The biggest buy was Intl Flavors & Fragrances (IFF, shares +80%) and the biggest sale Microchip Technology (MCHP, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0000200217
- Portfolio Value
- $171.8B (Q1 2024)
- SEC Filing
- 0000950123-24-004973 ↗ filed May 14, 2024
Holdings Value
Holdings 198 stocks · $171.8B
| WFC Wells Fargo & Co. | 3.89% | 115,176,052 | $6.7B | Reduce -1.8% |
| SCHW Schwab (charles) Corp. | 3.63% | 86,297,094 | $6.2B | Reduce -0.1% |
| FISV Fiserv Inc. | 3.22% | 34,610,009 | $5.5B | Reduce -0.7% |
| JCI Johnson Controls Internation | 3.04% | 79,938,324 | $5.2B | Add +17.9% |
| OXY Occidental Petroleum Corp. | 3.01% | 79,525,798 | $5.2B | Reduce -1.8% |
| CI The Cigna Group | 2.78% | 13,127,891 | $4.8B | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 2.74% | 30,941,859 | $4.7B | Reduce -0.9% |
| RTX RTX Corp. | 2.52% | 44,303,200 | $4.3B | Add +5.0% |
| MET Metlife Inc. | 2.44% | 56,509,034 | $4.2B | Add +5.7% |
| MSFT Microsoft Corp. | 2.32% | 9,490,609 | $4.0B | Reduce -12.3% |
| FDX FedEx Corp. | 2.28% | 13,520,438 | $3.9B | Reduce -0.4% |
| SNY Sanofi-ADR | 2.21% | 78,125,609 | $3.8B | Reduce -0.2% |
| COF Capital One Financial Corp. | 2.11% | 24,382,817 | $3.6B | Reduce -3.3% |
| CHTR Charter Communications Inc. Class A | 1.96% | 11,563,786 | $3.4B | Add +37.7% |
| CVS CVS Health Corp. | 1.90% | 41,012,543 | $3.3B | Add +34.9% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.86% | 55,407,885 | $3.2B | Reduce -5.7% |
| CMCSA Comcast Corp. Class A | 1.85% | 73,143,940 | $3.2B | Reduce -1.9% |
| AMZN Amazon.com Inc. | 1.83% | 17,401,360 | $3.1B | Reduce -1.3% |
| FIS Fidelity National Info Serv | 1.79% | 41,502,450 | $3.1B | Add +10.3% |
| GSK GSK PLC-Spon ADR | 1.72% | 68,862,308 | $3.0B | Reduce -0.2% |
| BKNG Booking Holdings Inc. | 1.67% | 792,046 | $2.9B | Reduce -0.2% |
| GE General Electric | 1.65% | 16,139,821 | $2.8B | Reduce -4.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.56% | 70,889,360 | $2.7B | Add +6.8% |
| GILD Gilead Sciences Inc. | 1.41% | 33,167,487 | $2.4B | Reduce -0.4% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 1.39% | 27,729,011 | $2.4B | Add +79.6% |
| UBS UBS Group AG-Reg | 1.35% | 75,422,942 | $2.3B | Reduce -18.3% |
| TEL Te Connectivity Ltd. | 1.34% | 15,814,523 | $2.3B | Add +0.9% |
| GS Goldman Sachs Group Inc. | 1.33% | 5,473,633 | $2.3B | Reduce -0.2% |
| REGN Regeneron Pharmaceuticals | 1.32% | 2,359,864 | $2.3B | Reduce -0.3% |
| ZBH Zimmer Biomet Holdings Inc. | 1.26% | 16,419,270 | $2.2B | Add +43.1% |
| NSC Norfolk Southern Corp. | 1.21% | 8,125,067 | $2.1B | Reduce -1.3% |
| TFC Truist Financial Corp. | 1.18% | 51,941,210 | $2.0B | Reduce -2.3% |
| UNH Unitedhealth Group Inc. | 1.14% | 3,946,005 | $2.0B | Add +15.8% |
| BUD Anheuser-Busch Inbev-SPN ADR | 1.12% | 31,708,733 | $1.9B | Reduce -0.0% |
| META Meta Platforms Inc. Class A | 1.08% | 3,831,944 | $1.9B | Reduce -12.5% |
| GOOGL Alphabet Inc. Class A | 1.08% | 12,250,918 | $1.8B | Add +0.2% |
| TMUS T-Mobile US Inc. | 1.05% | 11,041,654 | $1.8B | Reduce -2.5% |
| LYB Lyondellbasell Indu Class A | 0.97% | 16,227,752 | $1.7B | Add +0.1% |
| AVTR Avantor Inc. | 0.95% | 63,680,306 | $1.6B | Add +4.1% |
| BKR Baker Hughes Co. | 0.90% | 46,165,024 | $1.5B | Add +9.4% |
| GEHC GE Healthcare Technology | 0.89% | 16,813,784 | $1.5B | Reduce -1.0% |
| HLN Haleon PLC-ADR | 0.87% | 176,953,251 | $1.5B | Add +59.9% |
| SU Suncor Energy Inc. | 0.86% | 40,018,854 | $1.5B | Reduce -8.7% |
| COP Conocophillips | 0.86% | 11,598,067 | $1.5B | Reduce -1.4% |
| STT State Street Corp. | 0.86% | 19,046,599 | $1.5B | Reduce -6.7% |
| WMB Williams Cos Inc. | 0.86% | 37,785,026 | $1.5B | Reduce -0.4% |
| ELAN Elanco Animal Health Inc. | 0.79% | 83,848,850 | $1.4B | Reduce -0.2% |
| CTSH Cognizant Tech Solutions-A | 0.79% | 18,498,499 | $1.4B | Reduce -0.4% |
| BABA Alibaba Group Holding-SP ADR | 0.76% | 18,074,270 | $1.3B | Add +5.1% |
| JNPR Juniper Networks Inc. | 0.74% | 34,259,515 | $1.3B | Reduce -0.6% |
| BMRN Biomarin Pharmaceutical Inc. | 0.71% | 13,992,943 | $1.2B | Reduce -0.0% |
| CSCO Cisco Systems Inc. | 0.70% | 23,969,309 | $1.2B | Reduce -0.5% |
| NVS Novartis AG-Sponsored ADR | 0.70% | 12,353,985 | $1.2B | Reduce -6.2% |
| BAX Baxter International Inc. | 0.68% | 27,501,895 | $1.2B | Add +0.4% |
| CE Celanese Corp. | 0.68% | 6,826,652 | $1.2B | Reduce -0.3% |
| D Dominion Energy Inc. | 0.65% | 22,865,698 | $1.1B | Add +0.3% |
| HPQ HP Inc. | 0.62% | 35,350,611 | $1.1B | Reduce -0.2% |
| GAP The Gap Inc. | 0.58% | 36,133,428 | $995.5M | Reduce -2.6% |
| AEP American Electric Power | 0.57% | 11,364,305 | $978.5M | New |
| TAP Molson Coors Beverage Co. Class B | 0.57% | 14,514,739 | $976.1M | Reduce -0.9% |
| BAP Credicorp Ltd. | 0.54% | 5,518,080 | $934.9M | Reduce -0.2% |
| COHR Coherent Corp. | 0.53% | 15,098,388 | $915.3M | Reduce -19.4% |
| FOXA Fox Corp. Class A | 0.53% | 28,884,776 | $903.2M | Reduce -0.5% |
| BMY Bristol-Myers Squibb Co. | 0.51% | 16,267,041 | $882.2M | Add +0.4% |
| INCY Incyte Corp. | 0.51% | 15,416,043 | $878.3M | Reduce -4.2% |
| HPE Hewlett Packard Enterprise | 0.50% | 48,493,872 | $859.8M | Reduce -10.5% |
| CARR Carrier Global Corp. | 0.49% | 14,381,701 | $836.0M | Reduce -0.3% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.48% | 22,244,375 | $828.2M | Reduce -29.7% |
| MCHP Microchip Technology Inc. | 0.45% | 8,688,028 | $779.4M | Reduce -47.2% |
| XP XP Inc. Class A | 0.44% | 29,685,045 | $761.7M | Reduce -1.8% |
| AEG Aegon Ltd.-NY Reg SHR | 0.44% | 125,270,017 | $757.9M | Add +0.2% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.41% | 5,418,615 | $696.7M | New |
| NTR Nutrien Ltd. | 0.39% | 12,255,459 | $665.6M | Add +7.0% |
| JD Jd.com Inc.-ADR | 0.38% | 23,931,049 | $655.5M | Add +9.1% |
| LIN Linde PLC | 0.36% | 1,326,990 | $616.1M | No change |
| MDT Medtronic PLC | 0.34% | 6,789,315 | $591.7M | Add +0.1% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.33% | 3,811,480 | $569.6M | Add +3.7% |
| VFC VF Corp. | 0.32% | 35,430,050 | $543.5M | Add +9.7% |
| TECK Teck Resources Ltd.-CLS B | 0.28% | 10,560,340 | $483.5M | Reduce -42.3% |
| TRP TC Energy Corp. | 0.28% | 11,860,400 | $476.8M | No change |
| BHF Brighthouse Financial Inc. | 0.26% | 8,739,296 | $450.4M | Reduce -0.2% |
| OVV Ovintiv Inc. | 0.26% | 8,665,010 | $449.7M | Reduce -62.3% |
| BIDU Baidu Inc. - Spon ADR | 0.23% | 3,783,715 | $398.3M | Add +20.1% |
| FOX Fox Corp. Class B | 0.19% | 11,343,323 | $324.6M | Add +0.3% |
| GLPI Gaming and Leisure Propertie | 0.17% | 6,432,387 | $296.3M | Add +0.5% |
| NWSA News Corp. Class A | 0.16% | 10,466,332 | $274.0M | Reduce -0.1% |
| YUMC Yum China Holdings Inc. | 0.16% | 6,719,862 | $267.4M | Add +112.3% |
| TV Grupo Televisa SA-Spon ADR | 0.12% | 64,212,690 | $205.5M | Reduce -0.3% |
| ECHO Echostar Corp. Class A | 0.11% | 13,656,514 | $194.6M | No change |
| NBIX Neurocrine Biosciences Inc. | 0.10% | 1,265,244 | $174.5M | Add +0.4% |
| LBTYK Liberty Global Ltd. Class C | 0.09% | 8,786,768 | $155.0M | No change |
| FLUT Flutter Entertainment PLC-Di | 0.07% | 624,478 | $123.3M | New |
| HDB HDFC Bank Ltd.-ADR | 0.07% | 2,069,342 | $115.8M | Add +268.6% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.06% | 15,806,905 | $109.5M | Reduce -0.7% |
| NTES Netease Inc.-ADR | 0.06% | 947,126 | $98.0M | Reduce -47.4% |
| AXP American Express Co. | 0.06% | 428,616 | $97.6M | Reduce -1.3% |
| CDNS Cadence Design SYS Inc. | 0.05% | 265,065 | $82.5M | Reduce -3.6% |
| FMS Fresenius Medical Care-ADR | 0.05% | 4,223,110 | $81.4M | No change |
| LBTYA Liberty Global Ltd. Class A | 0.05% | 4,767,561 | $80.7M | No change |
| UNP Union Pacific Corp. | 0.04% | 283,191 | $69.6M | Reduce -0.5% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $615.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 14,273,570 | $615.2M | Reduce -0.0% |
Total filed on the 13F, all lines: $172.4B.
Portfolio Sells Q4 2023 → Q1 2024
| MCHP Microchip Technology Inc. | Reduce -47.2% | 0.45% | −0.49 |
| UBS UBS Group AG-Reg | Reduce -18.3% | 1.35% | −0.47 |
| OVV Ovintiv Inc. | Reduce -62.3% | 0.26% | −0.38 |
| GILD Gilead Sciences Inc. | Reduce -0.4% | 1.41% | −0.30 |
| OTIS Otis Worldwide Corp. | Reduce -99.6% | 0.00% | −0.29 |
| SNY Sanofi-ADR | Reduce -0.2% | 2.21% | −0.27 |
| MSFT Microsoft Corp. | Reduce -12.3% | 2.32% | −0.27 |
| CMCSA Comcast Corp. Class A | Reduce -1.9% | 1.85% | −0.24 |
| TECK Teck Resources Ltd.-CLS B | Reduce -42.3% | 0.28% | −0.21 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -0.0% | 1.12% | −0.18 |
| SCHW Schwab (charles) Corp. | Reduce -0.1% | 3.63% | −0.15 |
| NVS Novartis AG-Sponsored ADR | Reduce -6.2% | 0.70% | −0.15 |
| STT State Street Corp. | Reduce -6.7% | 0.86% | −0.15 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -0.0% | 0.71% | −0.15 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -29.7% | 0.48% | −0.14 |
| INCY Incyte Corp. | Reduce -4.2% | 0.51% | −0.13 |
| BKNG Booking Holdings Inc. | Reduce -0.2% | 1.67% | −0.12 |
| TMUS T-Mobile US Inc. | Reduce -2.5% | 1.05% | −0.11 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.4% | 0.79% | −0.10 |
| JXN Jackson Financial Inc. Class A | Sold out | 0.00% | −0.10 |
| BNY Bank of New York Mellon Corp. | Reduce -5.7% | 1.86% | −0.09 |
| HPE Hewlett Packard Enterprise | Reduce -10.5% | 0.50% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -0.5% | 0.70% | −0.08 |
| TFC Truist Financial Corp. | Reduce -2.3% | 1.18% | −0.07 |
| OXY Occidental Petroleum Corp. | Reduce -1.8% | 3.01% | −0.07 |
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 2.74% | −0.06 |
| XP XP Inc. Class A | Reduce -1.8% | 0.44% | −0.06 |
| HPQ HP Inc. | Reduce -0.2% | 0.62% | −0.06 |
| NTES Netease Inc.-ADR | Reduce -47.4% | 0.06% | −0.05 |
| CARR Carrier Global Corp. | Reduce -0.3% | 0.49% | −0.04 |
| AVGO Broadcom Inc. | Reduce -91.1% | 0.00% | −0.04 |
| SU Suncor Energy Inc. | Reduce -8.7% | 0.86% | −0.03 |
| NSC Norfolk Southern Corp. | Reduce -1.3% | 1.21% | −0.03 |
| BHF Brighthouse Financial Inc. | Reduce -0.2% | 0.26% | −0.03 |
| FOXA Fox Corp. Class A | Reduce -0.5% | 0.53% | −0.02 |
| TV Grupo Televisa SA-Spon ADR | Reduce -0.3% | 0.12% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -0.2% | 1.33% | −0.02 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -98.0% | 0.00% | −0.01 |
| COP Conocophillips | Reduce -1.4% | 0.86% | −0.01 |
| DELL Dell Technologies -C | Reduce -73.9% | 0.00% | −0.01 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -0.7% | 0.06% | −0.01 |
| NWSA News Corp. Class A | Reduce -0.1% | 0.16% | −0.00 |
| UNP Union Pacific Corp. | Reduce -0.5% | 0.04% | −0.00 |
| TAP Molson Coors Beverage Co. Class B | Reduce -0.9% | 0.57% | −0.00 |
| SLB SLB Ltd. | Reduce -6.6% | 0.02% | −0.00 |
| ELAN Elanco Animal Health Inc. | Reduce -0.2% | 0.79% | −0.00 |
| REGN Regeneron Pharmaceuticals | Reduce -0.3% | 1.32% | −0.00 |
| ADBE Adobe Inc. | Reduce -1.8% | 0.01% | −0.00 |
| CVX Chevron Corp. | Reduce -1.4% | 0.02% | −0.00 |
| ADI Analog Devices Inc. | Reduce -7.7% | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| IFF Intl Flavors & Fragrances | Add +79.6% | 1.39% | +0.59 |
| AEP American Electric Power | New | 0.57% | +0.57 |
| JCI Johnson Controls Internation | Add +17.9% | 3.04% | +0.55 |
| SUI Sun Communities Inc. | New | 0.41% | +0.41 |
| CVS CVS Health Corp. | Add +34.9% | 1.90% | +0.37 |
| ZBH Zimmer Biomet Holdings Inc. | Add +43.1% | 1.26% | +0.37 |
| FIS Fidelity National Info Serv | Add +10.3% | 1.79% | +0.35 |
| HLN Haleon PLC-ADR | Add +59.9% | 0.87% | +0.29 |
| RTX RTX Corp. | Add +5.0% | 2.52% | +0.25 |
| MET Metlife Inc. | Add +5.7% | 2.44% | +0.19 |
| BAC Bank of America Corp. | Add +6.8% | 1.56% | +0.14 |
| FLUT Flutter Entertainment PLC-Di | New | 0.07% | +0.07 |
| YUMC Yum China Holdings Inc. | Add +112.3% | 0.16% | +0.07 |
| AVTR Avantor Inc. | Add +4.1% | 0.95% | +0.06 |
| HDB HDFC Bank Ltd.-ADR | Add +268.6% | 0.07% | +0.04 |
| BAX Baxter International Inc. | Add +0.4% | 0.68% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +40.6% | 0.01% | +0.00 |
| KSPI JSC Kaspi.kz ADR | New | 0.00% | +0.00 |
| CX Cemex Sab-Spons ADR Part Cer | Add +0.5% | 0.00% | +0.00 |
| LVS Las Vegas Sands Corp. | Add +38.5% | 0.00% | +0.00 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +42.3% | 0.00% | +0.00 |
| AOSL Alpha & Omega Semiconductor | Add +34.3% | 0.00% | 0.00 |
| JOYY Joyy Inc.-ADR | Add +6.3% | 0.00% | −0.00 |
| NBIX Neurocrine Biosciences Inc. | Add +0.4% | 0.10% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +15.8% | 1.14% | −0.01 |
| BIDU Baidu Inc. - Spon ADR | Add +20.1% | 0.23% | −0.01 |
| FOX Fox Corp. Class B | Add +0.3% | 0.19% | −0.01 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 1.08% | −0.01 |
| MDT Medtronic PLC | Add +0.1% | 0.34% | −0.01 |
| LYB Lyondellbasell Indu Class A | Add +0.1% | 0.97% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Add +0.4% | 0.51% | −0.02 |
| AEG Aegon Ltd.-NY Reg SHR | Add +0.2% | 0.44% | −0.02 |
| BKR Baker Hughes Co. | Add +9.4% | 0.90% | −0.02 |
| JD Jd.com Inc.-ADR | Add +9.1% | 0.38% | −0.02 |
| NTR Nutrien Ltd. | Add +7.0% | 0.39% | −0.02 |
| D Dominion Energy Inc. | Add +0.3% | 0.65% | −0.03 |
| GLPI Gaming and Leisure Propertie | Add +0.5% | 0.17% | −0.03 |
| TEL Te Connectivity Ltd. | Add +0.9% | 1.34% | −0.06 |
| VFC VF Corp. | Add +9.7% | 0.32% | −0.07 |
| BABA Alibaba Group Holding-SP ADR | Add +5.1% | 0.76% | −0.09 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +3.7% | 0.33% | −0.12 |
| CHTR Charter Communications Inc. Class A | Add +37.7% | 1.96% | −0.12 |
Notes & Other Activity Q4 2023 → Q1 2024
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -0.0% | 14,273,570 | $615.2M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 222 | $191.0B | JCI, SCHW, RTX, CVS, MSFT |
| Q1 2026 | 222 | $182.0B | JCI, SCHW, RTX, OXY, MSFT |
| Q4 2025 | 222 | $185.3B | SCHW, JCI, RTX, CVS, FDX |
| Q3 2025 | 219 | $185.3B | SCHW, JCI, RTX, CVS, FISV |
| Q2 2025 | 219 | $178.0B | SCHW, JCI, RTX, FISV, CVS |
| Q1 2025 | 214 | $175.5B | SCHW, FISV, JCI, RTX, CVS |
| Q4 2024 | 213 | $171.4B | SCHW, FISV, JCI, RTX, WFC |
| Q3 2024 | 204 | $176.4B | JCI, FISV, SCHW, RTX, WFC |
| Q2 2024 | 201 | $166.0B | SCHW, JCI, WFC, GOOG, FISV |
| Q1 2024 | 198 | $171.8B | WFC, SCHW, FISV, JCI, OXY |