
	Dodge & Cox 13F
	Dodge & Cox

	Last update 2023-02-18	188 Stocks (3 new)
	Value $145.82 Bil	Turnover 3 %
	Top Holdings: SCHW(4.42%) OXY(4.02%) WFC(3.36%) SNY(2.80%) JCI(2.75%) 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
FIS
SLB
COP
TMUS
CHTR
MCHP
AMZN
SNY
ELAN
GS
WMB
MSFT
GOOGL
AXP
SCHW
CTSH
GSK
BKR
HLN
CI
LYB
NTES
UNH
CSCO
MET
OXY
WFC
JCI
GOOG
JNPR
CMCSA
CVS
FOXA
RTX
TEL
ALNY
BAC
BK
COHR
JD
BIDU
CARR
HPQ
LVS
BMRN
COF
FMS
HPE
ITUB
TAP
REGN
ZBH
BKNG
CE
FISV
GILD
HMC
INCY
NVS
NTR
OVV
TFC
UBS
AEG
BABA
BMY
BAP
DELL
FDX
FOX
IBN
MDT
META
PYPL
STT
SU
TECK
ABT
ADBE
ADI
BUD
APA
AAPL
AZN
BSX
BHF
CDNS
CAT
CX
CVX
CB
CTAS
CPA
GLW
CTVA
DHR
DISH
DOW
DD
EBAY

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
FIS	Fidelity National Information Services Inc	2022-12-31	Add	+0.76%	● 57.18 ($71.04) 84.9	$49.70	-30.04%	Add 166.37%	26,220,615	16,376,810
SLB	SLB	2022-12-31	Reduce	-0.59%	● 38.3 ($49.8) 54.82	$44.57	-10.50%	Reduce -84.55%	3,972,203	-21,733,270
COP	ConocoPhillips	2022-12-31	Reduce	-0.47%	● 109.97 ($121.55) 134.94	$95.43	-21.49%	Reduce -29.42%	14,539,482	-6,060,740
TMUS	T-Mobile US Inc	2022-12-31	Reduce	-0.43%	● 131.52 ($143.68) 152.41	$142.54	-0.79%	Reduce -26.98%	11,590,334	-4,282,822
CHTR	Charter Communications Inc	2022-12-31	Add	+0.41%	● 304.96 ($351.41) 394.4	$343.95	-2.12%	Add 25.97%	8,471,513	1,746,242
MCHP	Microchip Technology Inc	2022-12-31	Reduce	-0.36%	● 57.31 ($68.88) 79.19	$79.43	15.32%	Reduce -24.87%	23,368,666	-7,734,395
AMZN	Amazon.com Inc	2022-12-31	Add	+0.33%	● 81.82 ($98.78) 121.09	$98.13	-0.66%	Add 60.82%	15,060,500	5,695,545
SNY	Sanofi SA	2022-12-31	Add	+0.28%	● 38.86 ($43.89) 48.55	$52.61	19.87%	Add 11.29%	84,189,074	8,538,408
ELAN	Elanco Animal Health Inc	2022-12-31	Add	+0.27%	● 11.49 ($12.46) 13.52	$8.82	-29.21%	Add 59.95%	84,775,075	31,773,735
GS	The Goldman Sachs Group Inc	2022-12-31	Reduce	-0.27%	● 294.21 ($348.16) 388.86	$312.57	-10.22%	Reduce -16.76%	6,143,091	-1,237,158
WMB	Williams Companies Inc	2022-12-31	Reduce	-0.23%	● 29.35 ($32.56) 34.96	$28.74	-11.73%	Reduce -20.86%	39,357,265	-10,373,231
MSFT	Microsoft Corp	2022-12-31	Add	+0.22%	● 214.25 ($239.99) 257.22	$280.57	16.91%	Add 12.04%	12,267,927	1,318,225
GOOGL	Alphabet Inc	2022-12-31	Add	+0.21%	● 83.43 ($95.03) 104.48	$105.44	10.95%	Add 57.73%	9,460,075	3,462,405
AXP	American Express Co	2022-12-31	Reduce	-0.17%	● 136.74 ($148.17) 157.59	$159.78	7.84%	Reduce -28.15%	4,267,811	-1,671,778
SCHW	Charles Schwab Corp	2022-12-31	Reduce	-0.17%	● 67.43 ($77.61) 83.26	$53.26	-31.37%	Reduce -3.83%	77,428,730	-3,082,411
CTSH	Cognizant Technology Solutions Corp	2022-12-31	Reduce	-0.16%	● 51.96 ($58.65) 63.02	$58.65	0%	Reduce -15.61%	20,343,757	-3,762,089
GSK	GSK PLC	2022-12-31	Add	+0.15%	● 30 ($33.31) 37.92	$34.38	3.21%	Add 10.84%	64,932,952	6,348,963
BKR	Baker Hughes Co	2022-12-31	Add	+0.14%	● 22.25 ($27.59) 31.02	$27.02	-2.07%	Add 29.66%	31,006,837	7,092,483
HLN	Haleon PLC	2022-12-31	Add	+0.13%	● 5.96 ($6.8) 8.06	$8.17	20.15%	Add 31.55%	96,509,973	23,144,401
CI	Cigna Corp	2022-12-31	Reduce	-0.12%	● 285.73 ($316.43) 339.3	$260.21	-17.77%	Reduce -4.6%	11,548,557	-557,269
LYB	LyondellBasell Industries NV	2022-12-31	Add	+0.12%	● 76.45 ($81.92) 89.06	$86.57	5.68%	Add 14.76%	16,568,492	2,130,359
NTES	NetEase Inc	2022-12-31	Add	+0.11%	● 55.41 ($68.05) 80.11	$89.40	31.37%	Add 32.73%	8,796,458	2,168,958
UNH	UnitedHealth Group Inc	2022-12-31	Reduce	-0.11%	● 498.86 ($529.71) 555.15	$475.99	-10.14%	Reduce -7.2%	3,528,710	-273,705
CSCO	Cisco Systems Inc	2022-12-31	Reduce	-0.10%	● 39.27 ($45.52) 49.97	$50.51	10.96%	Reduce -7.29%	42,926,577	-3,377,450
MET	MetLife Inc	2022-12-31	Reduce	-0.10%	● 62.58 ($71.63) 76.95	$54.35	-24.12%	Reduce -4%	53,583,210	-2,232,900
OXY	Occidental Petroleum Corp	2022-12-31	Reduce	-0.09%	● 61.8 ($68.1) 75.97	$58.18	-14.57%	Reduce -2.13%	92,957,224	-2,021,164
WFC	Wells Fargo & Co	2022-12-31	Reduce	-0.09%	● 40.23 ($44.26) 47.95	$36.23	-18.14%	Reduce -2.39%	118,722,376	-2,903,978
JCI	Johnson Controls International PLC	2022-12-31	Reduce	-0.08%	● 50.44 ($61.18) 68.12	$58.23	-4.82%	Reduce -3.38%	62,614,115	-2,190,043
GOOG	Alphabet Inc	2022-12-31	Add	+0.07%	● 83.49 ($95.44) 104.93	$106.06	11.13%	Add 2.73%	42,945,292	1,141,120
JNPR	Juniper Networks Inc	2022-12-31	Reduce	-0.07%	● 25.81 ($30.28) 33.24	$32.68	7.93%	Reduce -8.54%	35,532,252	-3,318,506
CMCSA	Comcast Corp	2022-12-31	Reduce	-0.06%	● 28.68 ($33.08) 36.71	$35.92	8.59%	Reduce -3.37%	79,582,263	-2,774,316
CVS	CVS Health Corp	2022-12-31	Reduce	-0.06%	● 87.84 ($96.49) 103.79	$73.26	-24.08%	Reduce -6.47%	12,600,887	-871,885
FOXA	Fox Corp	2022-12-31	Reduce	-0.06%	● 28.17 ($30.52) 32.55	$33.06	8.32%	Reduce -5.71%	40,067,365	-2,426,147
RTX	Raytheon Technologies Corp	2022-12-31	Reduce	-0.06%	● 82.59 ($94.06) 101.01	$96.44	2.53%	Reduce -2.98%	33,559,257	-1,032,180
TEL	TE Connectivity Ltd	2022-12-31	Reduce	-0.06%	● 107.52 ($118.78) 127.99	$124.68	4.97%	Reduce -3.93%	16,247,285	-663,809
ALNY	Alnylam Pharmaceuticals Inc	2022-12-31	Reduce	-0.05%	● 185.11 ($213.29) 241.31	$189.98	-10.93%	Reduce -6.11%	4,590,782	-298,515
BAC	Bank of America Corp	2022-12-31	Reduce	-0.05%	● 29.77 ($34.44) 38.41	$27.14	-21.20%	Reduce -4.97%	42,371,589	-2,214,200
BK	Bank of New York Mellon Corp	2022-12-31	Add	+0.05%	● 37.29 ($42.89) 45.9	$42.75	-0.33%	Add 2.98%	59,815,247	1,733,535
COHR	Coherent Corp	2022-12-31	Add	+0.05%	● 29.95 ($34.78) 41.45	$34.71	-0.20%	Add 11.8%	19,056,449	2,010,932
JD	JD.com Inc	2022-12-31	Reduce	-0.05%	● 36.66 ($50.31) 60.37	$40.29	-19.92%	Reduce -8.37%	14,033,849	-1,281,600
BIDU	Baidu Inc	2022-12-31	Reduce	-0.04%	● 76.57 ($102.04) 123.3	$156.27	53.15%	Reduce -6.01%	6,337,655	-405,400
CARR	Carrier Global Corp	2022-12-31	Reduce	-0.04%	● 34.06 ($40.58) 44.93	$43.92	8.23%	Reduce -7.56%	16,384,156	-1,339,025
HPQ	HP Inc	2022-12-31	Reduce	-0.04%	● 24.69 ($27.68) 30.56	$27.72	0.14%	Reduce -3.65%	52,451,225	-1,987,754
LVS	Las Vegas Sands Corp	2022-12-31	Reduce	-0.04%	● 34.77 ($42.43) 48.75	$54.35	28.09%	Reduce -98.02%	28,400	-1,406,658
BMRN	Biomarin Pharmaceutical Inc	2022-12-31	Reduce	-0.03%	● 80.93 ($93.88) 108.63	$90.74	-3.34%	Reduce -2.64%	14,383,663	-390,300
COF	Capital One Financial Corp	2022-12-31	Reduce	-0.03%	● 87.87 ($98.32) 116.25	$90.45	-8.00%	Reduce -1.28%	35,372,196	-459,430
FMS	Fresenius Medical Care AG & Co. KGaA	2022-12-31	Add	+0.03%	● 12.81 ($14.82) 16.38	$20.06	35.36%	Add 174.75%	3,504,200	2,228,800
HPE	Hewlett Packard Enterprise Co	2022-12-31	Reduce	-0.03%	● 12.21 ($14.74) 16.82	$14.23	-3.46%	Reduce -5.86%	60,642,668	-3,771,704
ITUB	Itau Unibanco Holding SA	2022-12-31	Reduce	-0.03%	● 4.33 ($5.15) 5.99	$4.37	-15.15%	Reduce -36.75%	15,276,105	-8,875,400
TAP	Molson Coors Beverage Co	2022-12-31	Reduce	-0.03%	● 47.02 ($51.31) 55.58	$50.70	-1.19%	Reduce -2.56%	27,087,904	-711,232
REGN	Regeneron Pharmaceuticals Inc	2022-12-31	Reduce	-0.03%	● 705.89 ($737.86) 766.39	$820.00	11.13%	Reduce -2.77%	2,223,059	-63,450
ZBH	Zimmer Biomet Holdings Inc	2022-12-31	Reduce	-0.03%	● 104.85 ($116.05) 128.43	$126.04	8.61%	Reduce -7.6%	4,947,450	-407,050
BKNG	Booking Holdings Inc	2022-12-31	Reduce	-0.02%	● 1634.61 ($1898.11) 2085.44	$2,499.33	31.67%	Reduce -2.3%	832,294	-19,580
CE	Celanese Corp	2022-12-31	Reduce	-0.02%	● 88.68 ($99.18) 110.56	$101.58	2.42%	Reduce -4.24%	7,109,524	-315,120
FISV	Fiserv Inc	2022-12-31	Reduce	-0.02%	● 93.7 ($99.59) 105.46	$112.52	12.98%	Reduce -0.95%	36,319,244	-348,595
GILD	Gilead Sciences Inc	2022-12-31	Reduce	-0.02%	● 62.32 ($79.19) 89.47	$80.00	1.02%	Reduce -1.33%	35,885,152	-484,100
HMC	Honda Motor Co Ltd	2022-12-31	Reduce	-0.02%	● 21.67 ($23.16) 24.6	$25.70	10.97%	Reduce -2.54%	44,339,820	-1,153,750
INCY	Incyte Corp	2022-12-31	Reduce	-0.02%	● 67.25 ($76.52) 84.11	$70.23	-8.22%	Reduce -2.17%	19,362,935	-430,465
NVS	Novartis AG	2022-12-31	Reduce	-0.02%	● 75.31 ($84.23) 92.53	$83.59	-0.76%	Reduce -1.41%	20,751,372	-297,285
NTR	Nutrien Ltd	2022-12-31	Add	+0.02%	● 71.31 ($79) 88.19	$71.77	-9.15%	Add 3.89%	10,744,059	402,200
OVV	Ovintiv Inc	2022-12-31	Reduce	-0.02%	● 46.71 ($52.26) 58.48	$33.98	-34.98%	Reduce -2.21%	21,654,776	-489,900
TFC	Truist Financial Corp	2022-12-31	Reduce	-0.02%	● 40.42 ($43.87) 47.26	$32.89	-25.03%	Reduce -3.14%	18,796,578	-609,643
UBS	UBS Group AG	2022-12-31	Add	+0.02%	● 13.99 ($17.01) 18.8	$18.99	11.64%	Add 1.09%	159,315,717	1,711,400
AEG	Aegon NV	2022-12-31	Reduce	-0.01%	● 3.77 ($4.63) 5.14	$4.12	-11.02%	Reduce -2.11%	126,111,395	-2,717,402
BABA	Alibaba Group Holding Ltd	2022-12-31	Reduce	-0.01%	● 63.15 ($78.85) 94.17	$86.90	10.21%	Reduce -1.38%	13,979,070	-195,200
BMY	Bristol-Myers Squibb Co	2022-12-31	Reduce	-0.01%	● 68.48 ($75.4) 81.13	$67.68	-10.24%	Reduce -1.38%	16,544,344	-231,218
BAP	Credicorp Ltd	2022-12-31	Reduce	-0.01%	● 126.4 ($141.72) 157	$124.28	-12.31%	Reduce -1.11%	5,104,662	-57,100
DELL	Dell Technologies Inc	2022-12-31	Reduce	-0.01%	● 33.77 ($39.55) 44.9	$37.38	-5.49%	Reduce -2.76%	19,217,959	-544,880
FDX	FedEx Corp	2022-12-31	Add	+0.01%	● 150.14 ($166.18) 182.22	$217.60	30.94%	Add 0.52%	17,331,895	90,200
FOX	Fox Corp	2022-12-31	Reduce	-0.01%	● 26.57 ($28.63) 30.61	$30.38	6.11%	Reduce -5.32%	11,787,394	-662,813
IBN	ICICI Bank Ltd	2022-12-31	Reduce	-0.01%	● 20.87 ($22.27) 23.72	$20.74	-6.87%	Reduce -29.99%	1,983,400	-849,600
MDT	Medtronic PLC	2022-12-31	Reduce	-0.01%	● 76.13 ($81.05) 87.74	$79.37	-2.07%	Reduce -2.84%	4,095,059	-119,562
META	Meta Platforms Inc	2022-12-31	Reduce	-0.01%	● 88.91 ($117.43) 140.28	$206.01	75.43%	Reduce -0.78%	11,674,190	-91,331
PYPL	PayPal Holdings Inc	2022-12-31	Reduce	-0.01%	● 67.55 ($80.04) 94.42	$73.88	-7.70%	Reduce -1.56%	7,525,650	-119,525
STT	State Street Corporation	2022-12-31	Reduce	-0.01%	● 60.16 ($73.64) 81.33	$71.65	-2.70%	Reduce -0.5%	21,943,754	-109,675
SU	Suncor Energy Inc	2022-12-31	Reduce	-0.01%	● 29.6 ($32.87) 37.02	$28.97	-11.86%	Reduce -0.72%	41,867,454	-304,400
TECK	Teck Resources Ltd	2022-12-31	Add	+0.01%	● 30.43 ($34.62) 39.36	$35.09	1.36%	Add 1.34%	27,074,340	359,009
ABT	Abbott Laboratories	2022-12-31	Reduce	0%	● 95.06 ($103.54) 111.53	$98.05	-5.30%	Reduce -2.55%	17,857	-467
ADBE	Adobe Inc	2022-12-31	Reduce	0%	● 284.83 ($319.83) 345.96	$374.96	17.24%	Reduce -3.84%	25,046	-1,000
ADI	Analog Devices Inc	2022-12-31	Reduce	0%	● 136.73 ($156.09) 175.49	$187.69	20.24%	Reduce -8.6%	37,602	-3,539
BUD	Anheuser-Busch InBev SA/NV	2022-12-31	Reduce	0%	● 44.9 ($53.7) 61.14	$62.18	15.79%	Reduce -0.13%	25,339,671	-34,075
APA	APA Corp	2022-12-31	Reduce	0%	● 37.3 ($44.75) 49.5	$34.51	-22.88%	Reduce -26.9%	179,450	-66,023
AAPL	Apple Inc	2022-12-31	Reduce	0%	● 126.04 ($142.91) 155.74	$160.25	12.13%	Reduce -38.88%	25,156	-16,000
AZN	AstraZeneca PLC	2022-12-31	Reduce	0%	● 54.21 ($62.7) 70.44	$67.91	8.31%	Reduce -20.2%	308,325	-78,040
BSX	Boston Scientific Corp	2022-12-31	Reduce	0%	● 39.56 ($43.3) 47.2	$48.22	11.36%	Reduce -2.34%	112,890	-2,700
BHF	Brighthouse Financial Inc	2022-12-31	Reduce	0%	● 45.11 ($52.28) 57.71	$41.39	-20.83%	Reduce -1.07%	9,095,683	-98,811
CDNS	Cadence Design Systems Inc	2022-12-31	Reduce	0%	● 142.41 ($159.86) 176.78	$204.48	27.91%	Reduce -0.57%	297,377	-1,703
CAT	Caterpillar Inc	2022-12-31	Reduce	0%	● 171.23 ($217.7) 243.14	$217.01	-0.32%	Reduce -4.42%	30,049	-1,388
CX	Cemex SAB de CV	2022-12-31	Add	0%	● 3.2 ($4) 4.59	$5.02	25.50%	Add 3.67%	579,800	20,500
CVX	Chevron Corp	2022-12-31	Reduce	0%	● 151.73 ($174.51) 188.05	$156.06	-10.57%	Reduce -8.27%	202,282	-18,226
CB	Chubb Ltd	2022-12-31	Reduce	0%	● 184.68 ($208.05) 222.08	$186.55	-10.33%	Reduce -32%	1,407	-662
CTAS	Cintas Corp	2022-12-31	New Buy	0%	● 381.36 ($432.64) 464.39	$436.35	0.86%	New holding	500	500
CPA	Copa Holdings SA	2022-12-31	Reduce	0%	● 68.63 ($78.68) 88.75	$87.50	11.21%	Reduce -23.85%	8,300	-2,600
GLW	Corning Inc	2022-12-31	Reduce	0%	● 29.87 ($32.44) 34.46	$32.85	1.26%	Reduce -6.11%	103,292	-6,717
CTVA	Corteva Inc	2022-12-31	Reduce	0%	● 58.3 ($63.29) 67.31	$56.84	-10.19%	Reduce -4.89%	27,751	-1,427
DHR	Danaher Corp	2022-12-31	Reduce	0%	● 241.42 ($261.48) 282.29	$248.17	-5.09%	Reduce -5.02%	17,232	-910
DISH	DISH Network Corp	2022-12-31	Reduce	0%	● 12.96 ($14.76) 17	$8.75	-40.72%	Reduce -0.18%	39,292,866	-71,300
DOW	Dow Inc	2022-12-31	Reduce	0%	● 43.81 ($48.85) 53.14	$51.78	6.00%	Reduce -6.27%	19,739	-1,320
DD	DuPont de Nemours Inc	2022-12-31	Reduce	0%	● 51.58 ($63.65) 71.81	$68.60	7.78%	Reduce -4.72%	22,398	-1,109
EBAY	eBay Inc	2022-12-31	Reduce	0%	● 36.95 ($41.42) 47.02	$42.66	2.99%	Reduce -7.67%	30,110	-2,500

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