Dodge & Cox Stock Fund

Dodge & Cox Funds · Series S000011202 · 2 share classes

Equity fund · 99% stocks
One fund, 2 share classes:DODGXDOXGX
$118.35B NAV
89 positions · as of 2026-06-30 · filed 2026-08-28
data updated 2026-09-08

Fund profile

As filed in the prospectus · 2026 Q2

The Fund seeks long-term growth of principal and income.

Strategy · summarised

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.

Expenses
0.41% 0.51%across 2 share classes
Share classGrossNet
DODGX0.51%0.51%
DOXGX0.46%0.41%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 20.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.85%
of net assets
Stocks98.79%
Cash & short-term1.06%
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.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 7 new8 exited

Largest new: V, TMO, FDXF, KKR, Bank of America, DHR

Exited: LYB, GS, Novartis AG, Roche Holding AG, STT, BMY, Bank of America, GE

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+17.77%+54.11%+58.22%9.99%-8.18%
+17.90%+54.84%10.02%-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.

Cumulative return· Jul 2023 – Apr 2026

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.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
The Charles Schwab Corp.SCHW4.00%$4.74B
RTX Corp.RTX3.75%$4.43B
Taiwan Semiconductor Manufacturing Co., Ltd.3.54%$4.19B
Johnson Controls International PLCJCI3.27%$3.87B
CVS Health Corp.CVS2.77%$3.28B
Microsoft Corp.MSFT2.52%$2.98B
Alphabet, Inc.GOOGL2.52%$2.98B
MetLife, Inc.MET2.48%$2.93B
Humana, Inc.HUM2.47%$2.92B
Amazon.com, Inc.AMZN2.17%$2.56B
Showing 10 of 89Sign in to see more

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.

Top 10 positions are 29.48% of net assets, top 25 55.37%, across 87 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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