Founded 85 years ago, San Francisco-based mutual fund company Dodge & Cox examines investment opportunities with a team research approach, then an investment policy committee makes the decision whether to invest. Recent returns have been impressive – 10.43% last year, 40.55% in 2013 and 22.01% in 2012.
Dodge & Cox made only one new buy in the second quarter, but it was the firm’s most noteworthy transaction. Dodge & Cox invested in a 680,765-share stake in Priceline Group Inc. (NASDAQ:PCLN), a Connecticut-based provider of travel and related services, for an average price of $1,192.39 per share. The deal had a 0.71% impact on Dodge & Cox’s portfolio. Continue Reading »