Dodge & Cox

Dodge & Cox

Last Update: 2014-11-13

Number of Stocks: 204
Number of New Stocks: 41

Total Value: $104,558 Mil
Q/Q Turnover: 3%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Dodge & Cox' s Profile & Performance

Profile

Dodge & Cox was founded in 1930, by Van Duyn Dodge and E. Morris Cox. As of March 2006, Dodge & Cox managed over $104 billion in separate accounts and mutual funds.

Web Page:http://www.dodgeandcox.com/

Investing Philosophy

Dodge & Cox employs a team research approach in making investment decisions. The investment decisions are made by the Investment Policy Committee. The nine members of this committee include Wendell W. Birkhofer, Bryan Cameron, John A. Gunn, Harry R. Hagey, David C. Hoeft, Kenneth E. Olivier, Charles F. Pohl, Gregory R. Serrurier, and Diana S. Strandberg. Dodge & Cox believe 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.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Dodge & Cox Stock FUND

YearReturn (%)S&P500 (%)Excess Gain (%)
201340.5531.559.0
201222.0115.46.6
2011-4.082.08-6.2
3-Year Cumulative64.5 (18%/year)55 (15.7%/year)9.5 (2.3%/year)
201013.4915.06-1.6
200931.2726.464.8
5-Year Cumulative145.1 (19.6%/year)125.5 (17.7%/year)19.6 (1.9%/year)
2008-43.31-37-6.3
20070.145.61-5.5
200618.5315.792.7
20059.374.914.5
200419.17127.2
10-Year Cumulative114.9 (8%/year)104.1 (7.4%/year)10.8 (0.6%/year)
200332.3428.73.6
2002-10.54-22.111.6
20019.33-11.921.2
200016.31-9.125.4
199920.2121-0.8
15-Year Cumulative288.9 (9.5%/year)98.3 (4.7%/year)190.6 (4.8%/year)
19985.428.6-23.2
199728.433.4-5.0
199622.2723-0.7
199533.5237.6-4.1
19945.171.33.9
20-Year Cumulative803.7 (11.6%/year)483.2 (9.2%/year)320.5 (2.4%/year)
199318.3310.18.2
199210.827.63.2
199121.4730.5-9.0
1990-5.09-3.1-2.0
198926.9431.7-4.8
25-Year Cumulative1634.4 (12.1%/year)1050.7 (10.3%/year)583.7 (1.8%/year)
198813.7616.6-2.8
198711.955.16.8
198618.3118.6-0.3
198537.8631.66.3
19845.186.1-0.9
30-Year Cumulative3689.2 (12.9%/year)2235.1 (11.1%/year)1454.1 (1.8%/year)
198326.5422.44.1
198222.0721.40.7
1981-2.57-52.4
198033.1932.30.9

Top Ranked Articles

Dodge & Cox Buys Boston Scientific Corp., HSBC Holdings PLC, Home Depot Inc., Sells Syngenta AG, Lockheed Martin Corp., Genentech Inc.
Manage more than $100 billion and still achieve outstanding returns? Even Warren Buffett is having a hard time doing it. Dodge & Cox does this with a value investing team. They have achieved great returns. These are the details of the buys and sells during the second quarter. Dodge & Cox owns 221 stocks with a total value of $138.5 billion. Read more...
Guru Stocks at 52-Week Lows: NSRGY, TEF, FTE, PC, CME
According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows. Read more...
The Most Overlooked Technology Bargain: Computer Sciences (CSC)
Computer Sciences Corporation (CSC) carries a 4-Star GuruFocus rating for business predictability. Read more...
Dodge & Cox Favors Motorola (MOT), Buys Boston Scientific (BSX) and Home Depot (HD)
Value investing team Dodge & Cox likes to buy companies that are temporarily undervalued by the stock market but have a favorable outlook for long-term growth. They value companies based on their underlying financial condition and prospects including future earnings, cash flow and dividends. Over the past 20 years, Dodge & Cox Stock Fund has returned more than 13% a year, beating S&P500 by more than 3% a year. Their funds are closed to new investors. Read more...
Dodge & Cox 2Q Letter - Comments Financials, Tech
TO OUR SHAREHOLDERS Read more...
» More Dodge & Cox Articles

Commentaries and Stories

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Walt Disney´s Dividend Hike Seems to Adequate to Its Intrinsic Value Dodge & Cox,Mario Gabelli - Walt Disney´s Dividend Hike Seems To Adequate To Its Intrinsic Value
In this article, let's take a look at The Walt Disney Company (DIS), a $159.52 billion market cap company, which is a media and entertainment conglomerate which has diversified global operations intheme parks, filmed entertainment, television broadcasting and consumer products. More...

DIVIDEND, GROWTH, PRICE PERFORMANCE


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Dodge & Cox's Stock Fund Q4 2014 Commentary
The Dodge & Cox Stock Fund had a total return of 2.2% for the fourth quarter of 2014, compared to 4.9% for the S&P 500 Index. For 2014, the Fund had a total return of 10.4%, compared to 13.7% for the S&P 500. At year end, the Fund had net assets of $60.3 billion with a cash position of 1.2%. More...

Dodge & Cox, Commentary


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Dodge & Cox International Fund Q3 Commentary
The Dodge & Cox International Stock Fund had a total return of –2.7% for the third quarter of 2014, compared to –5.9% for the MSCI EAFE (Europe, Australasia, Far East) Index. For the nine months ended September 30, 2014, the Fund had a total return of 5.0%, compared to –1.4% for the MSCI EAFE. At quarter end, the Fund had net assets of $64.7 billion with a cash position of 1.7%. More...

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UNH: A Strong Candidate for Income and Capital Appreciation Chris Davis,Dodge & Cox - UNH: A Strong Candidate For Income And Capital Appreciation
American health care is a turbulent space these days, with the Affordable Care Act, budget restraints, aging Baby Boomers, and a whole lot more. More...

HEALTH CARE, INSURANCE, LONG, UnitedHealth Group


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Dodge & Cox Discuss Their Investments in Pharmaceuticals Dodge & Cox - Dodge & Cox Discuss Their Investments In Pharmaceuticals
EXECUTIVE SUMMARY More...

recent stock picks, pharmaceutical industry


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Dodge & Cox Video - Understanding the Pharmaceutical Industry Dodge & Cox - Dodge & Cox Video - Understanding The Pharmaceutical Industry
Pharmaceuticals analysts at investing firm Dodge & Cox explain the industry, where they have a "significant overweight" position. More...

pharmaceutical industry


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Dodge & Cox's Top New Buys of Q3 Dodge & Cox - Dodge & Cox's Top New Buys Of Q3
The Dodge & Cox fund in companies that it believes the stock market is undervaluing but have strong potential long-term growth. It returned 8% for the first nine months of the year, just shy of the 8.3% return of the S&P 500. More...

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Black Friday ... Or Red Friday? Bill Nygren,Dodge & Cox,James Barrow,Warren Buffet - Black Friday ... Or Red Friday?
Black Friday was invented by retailers to kick off the holiday season and encourage shoppers to get Christmas shopping done and out of the way the day after Thanksgiving. In 2005, Cyber Monday became popular, giving shoppers the option to stay away from the Black Friday mobs and shop from home on the computer. More...

BLACK FRIDAY, CYBER MONDAY, FERGUSON PROTEST, WALMART PROTEST, THANKSGIVING, HOLIDAY SHOPPING


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Dodge & Cox Global Stock Fund Q3 Commentary
The Dodge & Cox Global Stock Fund had a total return of –0.3% for the third quarter of 2014, compared to –2.2% for the MSCI World Index. For the nine months ended September 30, 2014, the Fund had a total return of 8.4%, compared to 3.9% for the MSCI World. At quarter end, the Fund had net assets of $5.8 billion with a cash position of 3.9%. More...

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Dodge & Cox’ Stock Fund Third Quarter 2014 Commentary
The Dodge & Cox Stock Fund had a total return of 0.9% for the third quarter of 2014, compared to 1.1% for the S&P 500 Index. For the nine months ended September 30, 2014, the Fund had a total return of 8.0%, compared to 8.3% for the S&P 500. At quarter end, the Fund had net assets of $58.7 billion with a cash position of 1.4%. More...

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Latest Real Time Picks Mario Gabelli,Dodge & Cox,Ron Baron,John Paulson - Latest Real Time Picks
The Real Time Picks section of GuruFocus is a great way to ideas from the investing gurus. We currently follow 147 guru portfolios. If a guru makes a purchase or sale of a company in which he or she owns a greater than 5 percent stake, SEC regulations require the trade to be reported within 10 days. Some of the gurus report their trades within 2 days. The type of filing can disclose whether the trade is a passive (Schedule 13G) or activist (Schedule 13D) holding. The link to the filing is available through the Real Time Picks section. The latest Real-Time Picks are from John Paulson, Ron Baron, Mario Gabelli and Dodge & Cox. More...

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Weekly CEO Buys Highlight: FSIC, NLY, OPK, GPC, ACXM
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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Dodge & Cox Second Quarter 2014 Commentary
The Dodge & Cox Stock Fund had a total return of 4.5% for the second quarter of 2014, compared to 5.2% for the S&P 500 Index. For the six months ended June 30, 2014, the Fund had a total return of 7.0%, compared to 7.1% for the S&P 500. At quarter end, the Fund had net assets of $58.4 billion with a cash position of 0.8%. More...

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Guru Stocks at 52-Week Lows: GOOG, C, HMC, SMFG, STT
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Weekly CEO Buys Highlight: CLMS, AOL, HOS, GEO, OPK
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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Guru Stocks at 52-Week Lows: GOOG, HSBC, C, HMC, NMR
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Dodge & Cox First Quarter 2014 Commentary
The Dodge & Cox Stock Fund had a total return of 2.4% for the first quarter of 2014, compared to 1.8% for the S&P 500 Index. At quarter end, the Fund had net assets of $55.6 billion with a cash position of 2.3%. More...

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Guru Stocks at 52-Week Lows: HSBC, VZ, TM, MTU, HMC
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Forest Laboratories Is an Option for Wealthy Investors Who Could Afford to Pay a High Premium
Forest Laboratories Inc. (FRX) is one of the largest U.S.-based pharmaceutical companies in the area of developing, producing and selling central nervous system (CNS)-related prescription drugs. The company also focuses on the development and introduction of new products, including products developed in collaboration with licensing partners. More...

LONG, PHARMACEUTICAL, HEALTH, CARE, CNS, DRUGS


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Guru Stocks at 52-Week Lows: HMC, NMR, SDRL, ZTS, BBBY
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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