Dodge & Cox

large-active, value, lo

Quarters 52

2026-03-31 $181.98B

Positions 222

Fund Profile

Stored public background and source notes.

Background

Founded 1930. The firm runs only Stock, Income, Balanced, Global Stock, and International Stock; decisions are made by investment committees, not single PMs. Holding periods routinely run 5–10 years and turnover is among the lowest in the long-only universe.

Key People

David Hoeft Chief Investment Officer
Senior member of the U.S. Equity Investment Committee.

Track Record / Style

Known for contrarian persistence: held Wells Fargo through the 2016 fake-accounts scandal, accumulated Charles Schwab during the 2023 deposit panic, kept Microsoft through the 2000s 'dead decade.' The Stock fund (since 1965) is one of the longest live value-investing records in U.S. mutual funds.

Profile Sources

2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30

Top 10 $181.98B 222 positions total

Issuer

Value

Weight

Share Δ%

Johnson Controls International PLC $7.53B 4.14% -4.76% The Charles Schwab Corp. SCHW $7.05B 3.87% -1.97% RTX Corp. RTX $6.84B 3.76% -5.59% Occidental Petroleum Corp. OXY $4.82B 2.65% -6.78% Microsoft Corp. MSFT $4.43B 2.43% +60.71% Booking Holdings, Inc. BKNG $4.20B 2.31% +36.26% CVS Health Corp. CVS $3.72B 2.04% -17.17% MetLife, Inc. MET $3.61B 1.99% -2.18% FedEx Corp. FDX $3.56B 1.95% -35.93% Alphabet, Inc. GOOG $3.51B 1.93% -5.03% Others (212 positions) $132.71B 72.93%

Total Disclosed Value

2013-06-30 → 2026-03-31 · $84.20B → $181.98B