The third quarter portfolio of Dodge & Cox
lists 166 stocks, 7 of them new, with a total value of $84.20 billion, and a quarter-over-quarter turnover of 7%. The portfolio’s top three sector weightings are financial services at 20.5%, health care at 17.6% and communication services at 9.3%. The Dodge & Cox
average return over 12 months is 28.07%. In 2012, the firm’s annual return was 22.01% compared to the S&P500 Index at 15.99%.
On the selling side of third quarter trading, Dodge & Cox
reduced only two companies, cutting large positions in both Sprint Corp. (S
) and Compuware Corporation (CPWR
). Continue Reading »