Dodge & Cox Buys JCP JPM, DELL and DOX Adds to CS BHI and SVW Staff
The famous value mutual fund is out with their 13-F. Dodge & Cox Stock (MUTF:DODGX) The mutual fund has assets of $37,685,840,000 as of June 30th, 2012. Gunn has been the fund’s lead manager since December, 31st 1976. The fund is well diversified across 13 different sectors, with the funds invested in 77 stocks.
The company has acquired stakes in four new counters according to the latest SEC Form 13-F filing. The company has bought 9,663,740 J.C. Penney Company, Inc. (NYSE:JCP) shares now trading at price of $23.31 per share for a total value of $225,261,779.
Additionally, Dodge & Cox has acquired 14.3 million shares at an average price of $12.52 per share, for a total value of 179,036,000 in Dell Inc. (NASDAQ:DELL).
The company acquired a stake in St Peter Port, the Channel Islands, based Amdocs limited (NYSE:DOX), buying 3,984,980 shares at an average price of $29.72 per share,. Additionally, the company has also invested heavily in the financial industry sector, buying 2.7 million JPMorgan Chase & Co. (NYSE:JPM), at an average price of $35.73 per share.
Dodge & Cox has also made other major additions to current stocks in the portfolio. The notable ones include 8,558,200 shares of Credit Suisse Group (NYSE:CS), or 202.3% of its initial stake.
It has also acquired 5,100,000 additional shares of NetApp Inc. (NASDAQ:NTAP), or 73.3% of its initial holding.
Another notable addition was Sprint Nextel Corporation (NYSE:S). Dodge & Cox bought an additional 36 million shares, which is 26.60% to its prior holding. Also added include Goldman Sachs Group Inc. (NYSE:GS), BHI, CE, ADBE, PHG, and XRX, among others.
The company did offload some shares as well from its initial counters, including a complete sell-off, of Equinix Inc. (NASDAQ:EQIX), Dodge & Cox, also offloaded 8,785,200 shares of Ebay Inc. (NASDAQ:EBAY), which is 37.26% decrease.
Another big sell off, was notable in The Home Depot, Inc. (NYSE:HD) Counter, after the company offloaded 64.41% of its current holding or 6,369,400 shares for 0.89 percentage change in portfolio. Other shares that saw a significant sell-off by the company include Amgen Inc. (NASDAQ:AMGN), Wal-Mart Stores, Inc. (NYSE:WMT), Cadence Design Systems, Inc. (NASDAQ:CDNS), and News Corp (NASDAQ:NWSA) (NASDAQ:NWS), among others.