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Dodge & Cox: investment adviser
Dodge & Cox is an investment adviser registered with the SEC (file 801-1895, CRD 104596). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $466.6B
- Discretionary
- 100%
- Accounts
- 740
- Employees
- 336
- In advisory roles
- 100
- Disclosures
- 0
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Individuals | 16 | $7.1M | 0.0% |
| High net worth individuals | 331 | $7.7B | 1.6% |
| Registered funds | 9 | $328.5B | 70.4% |
| Private funds and other pooled vehicles | 4 | $11.9B | 2.6% |
| Pension and profit-sharing plans | 225 | $73.3B | 15.7% |
| Charities | 61 | $3.4B | 0.7% |
| State and local governments | 54 | $29.4B | 6.3% |
| Insurance companies | 9 | $4.0B | 0.9% |
| Corporations | 31 | $8.4B | 1.8% |
How it is paid
- A percentage of assets under your management
- Other: % Of assets being managed by reference to a model portfolio
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (as well as "business development companies" that have made an election pursuant to section 54 of the Investment Company Act of 1940)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
- Other: MODEL PORTFOLIO DELIVERY
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| David Clinton Hoeft | Person | Chair, chief investment officer, director, & shareholder | B 10% to 25% | May 2011 | Yes | |
| Roger George Kuo | Person | Chief executive officer, president, director, & shareholder | B 10% to 25% | Jan 2016 | Yes | |
| Philippe Barret | Person | Director, SVP, & shareholder | A 5% to 10% | May 2022 | Yes | |
| Lucinda Ingle Johns | Person | Director, SVP, & shareholder | A 5% to 10% | May 2022 | Yes | |
| Raymond Joseph Mertens | Person | Director, SVP, & shareholder | A 5% to 10% | May 2022 | Yes | |
| Steven Coerte Voorhis | Person | SVP, director of research, & shareholder | A 5% to 10% | May 2022 | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
The firm answered No to every disciplinary question on Form ADV (Item 11).
The brochure
No brochure text was read for this firm.
Other brochures on file
- Dodge & Cox Brochure, Apr 17, 2026
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.