{
  "crd_number": 104596,
  "slug": "dodge-and-cox-san-francisco-ca-104596",
  "primary_business_name": "DODGE & COX",
  "legal_name": "DODGE & COX",
  "dbas": [],
  "city": "San Francisco",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1959-03-14",
  "years_registered": 67,
  "period": "2026-10-01",
  "filing_date": "2026-04-17",
  "carried_forward": false,
  "raum_total": 466563043063.0,
  "raum_discretionary": 465578143930.0,
  "raum_non_discretionary": 984899133.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 336,
  "advisory_employees": 100,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 3378330953.0,
      "count": 61
    },
    "individuals": {
      "raum": 7113758.0,
      "count": 16
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 29400548685.0,
      "count": 54
    },
    "insurance_companies": {
      "raum": 4001934704.0,
      "count": 9
    },
    "investment_companies": {
      "raum": 328468230358.0,
      "count": 9
    },
    "pension_profit_sharing": {
      "raum": 73266078200.0,
      "count": 225
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 7688070304.0,
      "count": 331
    },
    "pooled_investment_vehicles": {
      "raum": 11946239380.0,
      "count": 4
    },
    "corporations_other_businesses": {
      "raum": 8406496721.0,
      "count": 31
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "IL",
    "IN",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MT",
    "NC",
    "NE",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "RI",
    "SC",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://dodgeandcox.com",
    "https://linkedin.com/company/dodge-&-cox"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104596",
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/dodge-and-cox-san-francisco-ca-104596",
  "display_name": "Dodge & COX",
  "summary": "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.",
  "citation": "AdvisorCensus. Dodge & COX (CRD 104596): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is Dodge & COX compensated?",
      "a": "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."
    },
    {
      "q": "Where is Dodge & COX located?",
      "a": "Dodge & COX's principal office is in San Francisco, CA, according to its Form ADV."
    },
    {
      "q": "Is Dodge & COX registered with the SEC or a state?",
      "a": "Dodge & COX is an SEC-registered investment advisory firm, registered since 1959. Status as filed: Approved. CRD 104596."
    },
    {
      "q": "How much does Dodge & COX manage?",
      "a": "Dodge & COX reports $466,563,043,063 in regulatory assets under management in its Form ADV filing dated April 17, 2026 (100% discretionary)."
    },
    {
      "q": "How have Dodge & COX's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Dodge & COX serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Dodge & COX use?",
      "a": "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."
    },
    {
      "q": "Does Dodge & COX report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in Dodge & COX's recent Form ADV filings?",
      "a": "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%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 325307717044.0,
      "total_employees": 277,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 371276993898.0,
      "total_employees": 289,
      "filing_date": "2022-06-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 322933193102.0,
      "total_employees": 295,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 362992567571.0,
      "total_employees": 306,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 400289337103.0,
      "total_employees": 326,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 466563043063.0,
      "total_employees": 336,
      "filing_date": "2026-04-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    },
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/dodge-and-cox-san-francisco-ca-104596.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 16,
      "fewer_than_5": false,
      "raum": 7113758.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 331,
      "fewer_than_5": false,
      "raum": 7688070304.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 9,
      "fewer_than_5": false,
      "raum": 328468230358.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 11946239380.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 225,
      "fewer_than_5": false,
      "raum": 73266078200.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 61,
      "fewer_than_5": false,
      "raum": 3378330953.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 54,
      "fewer_than_5": false,
      "raum": 29400548685.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 9,
      "fewer_than_5": false,
      "raum": 4001934704.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 31,
      "fewer_than_5": false,
      "raum": 8406496721.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104596",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}