Dodge & Cox

Dodge & Cox is an independent, employee-owned investment management firm based in San Francisco, founded in 1930. The firm manages actively managed equity and fixed income strategies for individual and institutional investors and is known for a long-term, value-oriented investment philosophy, team-based decision-making, and relatively low-cost mutual funds. As of December 31, 2025, Dodge & Cox reported approximately $467 billion in assets under management across a focused lineup of seven funds and related strategies. It is a financial services firm rather than a life sciences, biotech, pharma, or healthcare operating company, and it does not develop therapeutic products or maintain a drug pipeline.