David Hoeft

Biography

David Hoeft joined Dodge & Cox in 1993 after an MBA at Harvard Business School, having previously worked for two years as a consultant to the energy industry. He is Chief Investment Officer and, since January 2026, Chair of the firm, and sits on its U.S. Equity, International Equity, Global Equity, Emerging Markets Equity and Balanced Fund investment committees. Dodge & Cox manages its funds through investment committees rather than individual named managers.

In their own words

Dodge & Cox’s largest US holdings

From the Q2 2026 13F, worth $191bn in total. See every holding and change

1. Johnson Controls InternationalJCI4.3%
2. AlphabetGOOG4.2%
3. Charles SchwabSCHW3.7%
4. RTXRTX3.5%
5. CVS HealthCVS2.7%
6. MicrosoftMSFT2.5%
7. Booking HoldingsBKNG2.4%
8. HumanaHUM2.3%
9. MetLifeMET2.1%
10. Sunbelt Rentals HoldingsSUNB2.1%

Also at Dodge & Cox

• Steven Voorhis Senior Vice President and Director of Research