Over 90 Years of Investment Focus

Van Duyn Dodge & Morrie Cox were disillusioned with the conflicts of interest embedded in the investment world of 1930 and saw an opportunity to create a new kind of asset management firm. One deliberately designed to put clients and community before itself. One with a simple business model focused entirely on pursuing investment excellence. One built on a bedrock of independent ownership, integrity, and team stability—so it could serve our clients not just for decades, but for generations.

From our roots in San Francisco, Dodge & Cox has become one of the largest independently owned investment firms in the world. We manage money for individuals and institutions globally with a single investment philosophy applied across a focused set of offerings. Undistracted by short-term product trends, advertising, or sales targets, we focus on what matters most—helping people realize their investment goals by deeply mastering the complexity of investing. It means all our resources honing fewer strategies. More passion driving fewer priorities. More confidence backing every decision. We believe deeply in what we do and invest our own savings alongside our clients’ assets.

Our time-tested active investment approach centers on individual security selection grounded in the relationship between fundamentals and valuation. Persistent and patient investors, we carefully construct portfolios with a long-term horizon. We work as one diverse global investment team researching debt and equity securities, incorporating financially material ESG and macro factors, and pressure-testing our thinking collectively. Then we make every decision together, with Committees designed to eliminate individual biases and spur dynamic debate. Our engaging, collaborative environment pushes us to accomplish our very best. That’s why most of us dedicate our careers to Dodge & Cox, ensuring stability and compounding our intellectual capital across generations. This institutional memory—combined with our collaborative approach—makes us uniquely suited for long-term investing, continuously seeking lasting value in a rapidly changing world.

Our mission is two-fold:

• Preserve and enhance the purchasing power of our clients’ assets without taking imprudent risk or compromising integrity.
• Provide a rewarding and positive work experience for our employees.

We value diversity, respect, collegiality, thoughtfulness, and entrepreneurial spirit. Our collaborative culture emphasizes individual excellence and teamwork. We focus relentlessly on continuous refinement of our craft to deliver long-term alpha for our clients.

We trace our commitment to supporting our community to our founders, who were instrumental in establishing what became the United Way Bay Area in California. Today, our employees and our firm support global, national, and local organizations focused on providing educational opportunities to children and families in need, offering emergency assistance, or promoting racial justice.

We are investment led, meaning we manage our firm in the same way we make decisions for our strategies: taking a collaborative approach based on deep research, a long-term horizon, and alignment with our clients. This consistent approach helps ensure stability, drives continuous improvement, and supports smooth succession planning. Our firm leadership team, only the fourth in our firm’s more than 90-year history, is a group of deeply experienced individuals with long tenures at Dodge & Cox who are responsible for firm management, investment strategy, and client service.

The latest announcements about Dodge & Cox, including updates to our Funds and our organization.