Dodge & Cox Stock Fund Portfolio Analysis: Top Holdings and Sector Concentration
The Dodge & Cox Stock Fund, as of 2025-09-30, features a portfolio concentrated in Financial Services with significant allocations to Healthcare and Industrials. The fund's top holdings include FI (Fiserv) leading at $4.98 billion, followed by RTX Corp., JCI, SCHW, and CVS Health.
Dodge & Cox Stock Fund Portfolio Analysis
As of 2025-09-30, the Dodge & Cox Stock Fund holds a total portfolio value exceeding $18.5 billion, with significant allocations across key sectors.
- Financial Services Sector: The largest concentration in the portfolio is within the Financial Services sector, comprising approximately 24% of the total investment. This sector includes FI (Fiserv) and SCHW (The Charles Schwab Corp.), with FI notably increasing its allocation by 30% over the prior period.
- Healthcare Sector: The Healthcare sector holds about 15% of the portfolio, dominated by CVS Health Corp. (CVS), reflecting a steady presence in this critical industry.
- Industrials Sector: The Industrials sector accounts for approximately 14% of the portfolio, with significant allocations to JCI (Johnson Controls International PLC) and RTX Corp., both showing notable growth over the prior period.
The portfolio's top holdings by total value are as follows:
- FI (Fiserv): Total stock value of $4,981,082,780.00, representing a 2.69% allocation.
- RTX Corp.: Total stock value of $6,709,826,913.00, contributing approximately 3.62% to the portfolio.
- JCI (Johnson Controls International PLC): Total stock value of $7,059,960,418.00, with a 3.81% allocation.
- SCHW (The Charles Schwab Corp.): Total stock value of $7,928,139,405.00, making up about 4.28% of the portfolio.
- CVS Health Corp.: Total stock value of $5,516,782,819.00, accounting for 2.98% of the investment.
Notable changes in the portfolio include:
- Fiserv (FI): A significant increase of 30% in shares and a corresponding rise in total stock value, reflecting strong performance in the Technology sector.
- Johnson Controls International PLC (JCI): A positive change of $271,2122 shares, indicating sustained growth in the Industrials sector.
- RTX Corp.: A notable increase of 165,4568 shares, highlighting robust performance in the Industrials sector.
- FedEx Corp. (FDX): A substantial rise of $17,426,66 shares, showcasing strong growth in the Industrials sector.
The Dodge & Cox Stock Fund demonstrates a strategic focus on sectors with high growth potential, particularly Financial Services and Healthcare, while maintaining balanced exposure across multiple industries.
Analysis of the Dodge & Cox Stock Fund Portfolio Strategy
The portfolio strategy is heavily influenced by sector allocations, with Financial Services dominating at 24%. This alignment with market trends suggests a conservative yet prudent approach to managing investments. The presence of significant holdings in Healthcare and Industrials further underscores the fund's focus on stable and growth-oriented sectors.
Notable increases in FI (Fiserv) by 30% highlight the importance of Technology sector investments, while positive changes in JCI and RTX Corp. reinforce the portfolio's reliance on high-growth industries within the Industrials sector.
Despite some decreases in allocations to Microsoft Corp. (MSFT) and The Charles Schwab Corp. (SCHW), the overall portfolio remains well-balanced, ensuring diversification across sectors and geographies.