Dodge & Cox is an employee-owned investment management firm founded in 1930 and headquartered in San Francisco, California. Specializing in value investing, the firm offers a range of mutual funds, including domestic and international stock funds, balanced funds, income funds, global stock funds, and global bond funds. Known for its conservative management style and low fees, Dodge & Cox emphasizes long-term capital preservation and has a history of avoiding market trends in favor of fundamental value. As of December 31, 2022, the firm managed approximately $323 billion in assets.