Boston-based Dodge & Cox Funds in the first quarter of 2013 sold out three holdings and reduced its position in 19 companies. The mutual fund company unloaded companies in publishing, telecommunications and asset management.
Here’s a review of the Dodge & Cox sell-outs along with an interactive valuation chart to track changing share prices over 10 years. All trades were made as of quarter ending March 31, 2013.
Sold Out: Telekomunikasi Indonesia Tbk (TLK, Financial) – Telecommunication Services
Dodge & Cox sold out its holding in the Indonesian telecom services company, TLK, selling a little more than 2.3 million shares at an average price of $40.89 for an 18.3% gain. GuruFocus shows that Dodge & Cox held this stock for 19 quarters, all of them positive gain quarters. The first quarter of 2009 was the highest gaining quarter for 112.5%.
The current share price is $48.38 compared to valuations over 10 years:
TLK data by GuruFocus.com
Sold Out: John Wiley & Sons, Inc. (JW.A, Financial) – Publishing
Dodge & Cox also sold out its holding in the worldwide publisher, JW.A, as of last quarter, selling 6,000 shares at an average price of $38.84 for a gain of 0.6%. GuruFocus shows that Dodge & Cox held this stock for seven quarters, with mixed results ranging from a loss of 22.9% in the second quarter of 2011 to a high gain of 20.2% in the third quarter of 2009.
The current share price is $39.08 compared to valuations over 10 years:
JW.A data by GuruFocus.com
Sold Out: Northern Trust Corporation (NTRS, Financial) – Asset Management
Dodge & Cox sold out its holding in the financial holding company, NTRS, as of last quarter, selling 8,000 shares at an average price of $52.94 for a gain of 7.3%.
The current share price is $56.82 compared to valuations over 10 years:
NTRS data by GuruFocus.com
In addition to three sell outs, Dodge & Cox Funds reduced 19 positions in the first quarter of 2013.
A mutual fund company founded in 1930, Dodge & Cox Funds leads five funds, including the Dodge & Cox Stock Fund, Dodge & Cox Global Stock Fund, International Stock Fund, Balanced Fund and Income Fund. In 2012, the Dodge & Cox Stock Fund had an annual return of 22.01%. In this first quarter of 2013, the same fund returned 11.74%.
In its recently updated portfolio, Dodge & Cox lists 163 stocks with two of them new.
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Here’s a review of the Dodge & Cox sell-outs along with an interactive valuation chart to track changing share prices over 10 years. All trades were made as of quarter ending March 31, 2013.
Sold Out: Telekomunikasi Indonesia Tbk (TLK, Financial) – Telecommunication Services
Dodge & Cox sold out its holding in the Indonesian telecom services company, TLK, selling a little more than 2.3 million shares at an average price of $40.89 for an 18.3% gain. GuruFocus shows that Dodge & Cox held this stock for 19 quarters, all of them positive gain quarters. The first quarter of 2009 was the highest gaining quarter for 112.5%.
The current share price is $48.38 compared to valuations over 10 years:
TLK data by GuruFocus.comSold Out: John Wiley & Sons, Inc. (JW.A, Financial) – Publishing
Dodge & Cox also sold out its holding in the worldwide publisher, JW.A, as of last quarter, selling 6,000 shares at an average price of $38.84 for a gain of 0.6%. GuruFocus shows that Dodge & Cox held this stock for seven quarters, with mixed results ranging from a loss of 22.9% in the second quarter of 2011 to a high gain of 20.2% in the third quarter of 2009.
The current share price is $39.08 compared to valuations over 10 years:
JW.A data by GuruFocus.comSold Out: Northern Trust Corporation (NTRS, Financial) – Asset Management
Dodge & Cox sold out its holding in the financial holding company, NTRS, as of last quarter, selling 8,000 shares at an average price of $52.94 for a gain of 7.3%.
The current share price is $56.82 compared to valuations over 10 years:
NTRS data by GuruFocus.comIn addition to three sell outs, Dodge & Cox Funds reduced 19 positions in the first quarter of 2013.
A mutual fund company founded in 1930, Dodge & Cox Funds leads five funds, including the Dodge & Cox Stock Fund, Dodge & Cox Global Stock Fund, International Stock Fund, Balanced Fund and Income Fund. In 2012, the Dodge & Cox Stock Fund had an annual return of 22.01%. In this first quarter of 2013, the same fund returned 11.74%.
In its recently updated portfolio, Dodge & Cox lists 163 stocks with two of them new.
If you are not yet a Premium Member, we invite you for a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.
