Dodge & Cox

large-active, value, lo

Quarters 52

2025-09-30 $185.33B

Positions 219

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 $185.33B 219 positions total

Issuer

Value

Weight

Share Δ%

The Charles Schwab Corp. SCHW $7.93B 4.28% -1.56% Johnson Controls International PLC $7.06B 3.81% -4.05% RTX Corp. RTX $6.71B 3.62% -3.96% CVS Health Corp. CVS $5.52B 2.98% -0.15% Fiserv, Inc. FISV $4.98B 2.69% +30.00% MetLife, Inc. MET $4.42B 2.38% +0.90% Microsoft Corp. MSFT $4.08B 2.20% -3.32% FedEx Corp. FDX $3.83B 2.06% +12.03% The Bank of New York Mellon Corp. BK $3.80B 2.05% -7.38% Occidental Petroleum Corp. OXY $3.77B 2.04% -0.46% Others (209 positions) $133.24B 71.89%

Total Disclosed Value

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