Dodge & Cox Stock Fund
Actively managed U.S. stock fund
The Fund seeks long-term growth of principal and income.
The fund invests in a diversified portfolio of medium-to-large companies that Dodge & Cox believes are temporarily undervalued but have favorable long-term profit growth prospects, emphasizing financial strength, cash flow, competitive advantage, and management quality alongside valuation. The fund maintains at least 80% in equity securities, with up to 20% in non-U.S. issuers outside the S&P 500 and no more than 5% in non-U.S. dollar-denominated securities. It may use derivatives including options, swaps, and futures to create or hedge equity exposure. Because security selection depends on the manager's assessment of individual companies' undervaluation and growth prospects, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
4.00% | $4.74B | 51.4M | $92.27 | |
RTXRTX Corp. | 3.75% | $4.43B | 23.4M | $189.73 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 3.54% | $4.19B | 54.6M | $76.79 |
3.27% | $3.87B | 26.5M | $146.11 | |
2.77% | $3.28B | 31.7M | $103.45 | |
MSFTMicrosoft Corp. | 2.52% | $2.98B | 8.0M | $373.02 |
GOOGLAlphabet, Inc. | 2.52% | $2.98B | 8.3M | $357.37 |
2.48% | $2.93B | 34.6M | $84.61 | |
HUMHumana, Inc. | 2.47% | $2.92B | 7.4M | $397.22 |
AMZNAmazon.com, Inc. | 2.17% | $2.56B | 10.8M | $238.34 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 89 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.79% |
| Cash & short-term | 1.06% |
| Derivatives | -0.00% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Health Care
- 23.1%
- Financials
- 18.7%
- Industrials
- 14.7%
- Communication Services
- 10.6%
- 10 other sectors
- 32.9%
- Health Care
- 23.1%
- Financials
- 18.7%
- Industrials
- 14.7%
- Communication Services
- 10.6%
- Information Technology
- 8.2%
- International
- 6.9%
- Consumer Discretionary
- 4.2%
- Energy
- 3.8%
- Real Estate
- 3.3%
- Materials
- 3.1%
- Utilities
- 1.3%
- Consumer Staples
- 1.1%
- Cash
- 0.6%
- Other
- 0.3%
How it has done
DODGX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.99%. Past returns are a record, not a forecast.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.51% | +17.77% | +54.11% | +58.22% | -8.18% | |
| 0.41% | +17.90% | +54.84% | — | -8.14% |
These classes hold the same portfolio, so the 0.73pp spread over 3 years is the cost difference between them — roughly 0.24pp a year — not a difference in what they own.
Fees & fund details
Dodge & Cox Stock Fund is an actively managed U.S. equity fund. 5% of DODGX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 87% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.41% – 0.51%· DODGX 0.51%
- Portfolio turnover
- 20.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
7 new· the largest 6
8 exited
Understand how this fund fits with the rest.
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