AdvisorCensus / Financial advisors / California / San Francisco / Dodge & COX
Dodge & COX is an SEC-registered investment advisory firm in San Francisco, CA, registered since 1959, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 17, 2026.
Quick answers
From the filingHow is Dodge & COX compensated?
On its Form ADV (Item 5.E, October 2026), Dodge & COX reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Dodge & COX located?
Dodge & COX's principal office is in San Francisco, CA, according to its Form ADV.
Is Dodge & COX registered with the SEC or a state?
Dodge & COX is an SEC-registered investment advisory firm, registered since 1959. Status as filed: Approved. CRD 104596.
How much does Dodge & COX manage?
Dodge & COX reports $466,563,043,063 in regulatory assets under management in its Form ADV filing dated April 17, 2026 (100% discretionary).
How have Dodge & COX's assets and staff changed since 2021?
In the Form ADV data for Dodge & COX: Regulatory assets under management: $325,307,717,044 in the October 2021 data and $466,563,043,063 in the October 2026 data, up 43%. Total employees: 277 in October 2021 and 336 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Dodge & COX serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (331); pension and profit sharing plans (but not the plan participants or government pension plans) (225); charitable organizations (61).
Which custodians does Dodge & COX use?
Dodge & COX's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust Company, The Bank of New York Mellon and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets.
Does Dodge & COX report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104596
What changed in Dodge & COX's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 99 to 100. Regulatory assets under management went from $400,289,337,103 to $466,563,043,063 (+17%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated April 17, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$466,563,043,063 as of October 2026, filing dated April 17, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1959 (67 years)
- Employees
- Total: 336. Performing investment advisory functions: 100.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
42 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $466,563,043,063 | 336 | April 17, 2026 |
| October 2025 | $400,289,337,103 | 326 | March 31, 2025 |
| October 2024 | $362,992,567,571 | 306 | March 28, 2024 |
| October 2023 | $322,933,193,102 | 295 | March 30, 2023 |
| October 2022 | $371,276,993,898 | 289 | June 29, 2022 |
| October 2021 | $325,307,717,044 | 277 | March 30, 2021 |
Regulatory assets under management: $325,307,717,044 in the October 2021 data and $466,563,043,063 in the October 2026 data, up 43%.
Total employees: 277 in October 2021 and 336 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 99 to 100.
- Regulatory assets under management went from $400,289,337,103 to $466,563,043,063 (+17%).
- February 2026
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Dodge & COX (CRD 104596): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/dodge-and-cox-san-francisco-ca-104596