Long term value shop Dodge & Cox
just reported their second quarter portfolio. According to their latest semi-annual report
, their fund slightly outperformed the market average during the first 6 months of the year. Over long term, the first has delivered impressive results. For the 10-year period ended on June 30, 2011, their stock fund gained 5.2% annually, compared with the 2.7% of the S&P 500. Especially they like technology sector for their durable business and financials for the low valuation.
Dodge & Cox
buys Microsoft Corp., Hewlettpackard Co., Unilever Plc Ads, WalMart Stores, Celanese Corp. Series A, The Goldman Sachs Group Inc., Charles Schwab Corp., Merck & Co. Inc., Sanofiaventis Ads, Nokia Corp. Ads, Bank Of America Corp., Computer Sciences Corp., Mcgrawhill Cos., Lincoln National Corp, Jacobs Engineering Group Inc., Devon Energy Corp., Costco Wholesale Corp., Moodys Corp., sells Covidien, Walgreen Co., Motorola Solutions, Carefusion Corp., Loews Corp., Legg Mason Inc., Panasonic Corp. Ads, Domtar Corp, Macys Inc., Interpublic Group Of Cos. during the 3-months ended 06/30/2011, according to the most recent filings of his investment company, Dodge & Cox
. As of 06/30/2011, Dodge & Cox
owns 177 stocks with a total value of $86.2 billion. These are the details of the buys and sells. Continue Reading »