Dodge & Cox Inc. Now Owns 10.8% Of Common Stock In AOLVW Staff
Dodge & Cox Inc. has increased its stake in AOL, Inc. (NYSE:AOL) to 10.8%, according to the latest SEC Form 13G filing. The investment management company now owns 10,114,199 shares of common stock in the Internet-based company, with an equivalent voting power, and power to dispose.
The San Francisco based mutual fund was founded in 1930 by Van Duyn Dodge and E. Morris Cox, and has approximately $73 billion worth of assets under management.
Dodge & Cox has acquired the stake through two investment arms, including Dodge & Cox Inc. and Dodge & Cox Stock Fund. The company now holds 5,420,354, or 5.8%, of AOL's common stock, via its Stock Fund arm, although this amount does not qualify for any shared dispositive or voting power.
Dodge & Cox also holds stakes in Sprint Nextel Corporation (NYSE:S) and Goldman Sachs Group, Inc. (NYSE:GS), while during the June quarter, it offloaded The Home Depot, Inc. (NYSE:HD) and eBay Inc (NASDAQ:EBAY), among others, as revealed in the company's form 13F filing for 2Q12.
At the time of this writing, AOL Inc. (NYSE:AOL) stock was trading at $35.62 per share, down $0.97, or a 2.65% decline from yesterday's close.
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