-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BxoRy4cP5jENw0cfvVyTJsBoRolHVfszT7IEGg/v9zJ8ZoMocFYvcDb830daCkTk V57+c8SdNFty92ApZBF9xA== 0001193125-05-225295.txt : 20051114 0001193125-05-225295.hdr.sgml : 20051111 20051114125119 ACCESSION NUMBER: 0001193125-05-225295 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050930 FILED AS OF DATE: 20051114 DATE AS OF CHANGE: 20051114 EFFECTIVENESS DATE: 20051114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DODGE & COX CENTRAL INDEX KEY: 0000200217 IRS NUMBER: 94144197 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00400 FILM NUMBER: 051199007 BUSINESS ADDRESS: STREET 1: ONE SANSOME ST STREET 2: 35TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 4159811710 MAIL ADDRESS: STREET 1: ONE SANSOME ST STREET 2: 35TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 13F-HR 1 d13fhr.txt QUARTER ENDING 9/30/05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/05 Check here if Amendment [ ]; Amendment Number: --------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Dodge & Cox Address: 555 California Street 40th Floor San Francisco, CA 94104 Form 13F File Number: 28-400 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Thomas M. Mistele Title: Chief Operating Officer Phone: (415) 981-1710 Signature, Place, and Date of Signing: /S/ Thomas M. Mistele San Francisco, CA 11/14/05 - -------------------------- -------------------------- ------------------ [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 239 Form 13F Information Table Value Total: 93,883,647 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE
FORM 13F NAME OF REPORTING MGR - DODGE & COX COLUMN 1 COL. 2 COL. 3 COL 4 COLUMN 5 COL. 6 COL 7 COLUMN 8 VALUE SHARES/ SH/ PUT/ INVSTMT OTHR VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE - -------------------------- ------ --------- --------- ----------- --- ---- ------- ----- ------------ --------- --------- ABBOTT LABORATORIES COMMON 002824100 4,128 97,350 SH SOLE 97,350 0 AEGON N V AMERICAN REG SHR AMEREG 007924103 884,189 59,341,536 SH SOLE 56,810,506 415,064 2,115,965 AETNA INC COMMON 00817Y108 844 9,800 SH SOLE 9,800 0 AFLAC INC COMMON 001055102 537 11,845 SH SOLE 11,845 0 AGILENT TECHNOLOGIES INC COMMON 00846U101 900 27,473 SH SOLE 22,211 5,262 AIR PRODUCTS & CHEMICALS INC COMMON 009158106 3,141 56,968 SH SOLE 50,718 6,250 AKZO NOBEL NV-SPON ADR COMMON 010199305 1,345,391 30,822,240 SH SOLE 29,056,540 322,300 1,443,400 ALCOA INC COMMON 013817101 256,778 10,515,062 SH SOLE 9,984,721 93,600 436,741 ALLSTATE CORP COMMON 020002101 822 14,874 SH SOLE 13,560 1,314 ALTRIA GROUP INC COMMON 02209S103 3,744 50,800 SH SOLE 45,800 5,000 AMBAC FINANCIAL GROUP INC COMMON 023139108 626 8,683 SH SOLE 8,683 0 AMERADA HESS CORP COMMON 023551104 717,706 5,219,680 SH SOLE 4,889,830 52,900 276,950 AMEREN CORPORATION COMMON 023608102 2,094 39,150 SH SOLE 39,150 0 AMERICAN ELECTRIC POWER COMMON 025537101 17,580 442,833 SH SOLE 411,385 31,448 AMERICAN EXPRESS CO COMMON 025816109 31,790 553,442 SH SOLE 512,992 40,450 AMERICAN INTERNATIONAL GROUP COMMON 026874107 9,213 148,688 SH SOLE 133,646 15,042 AMERICAN POWER CONVERSION COMMON 029066107 234,970 9,072,200 SH SOLE 8,528,800 113,900 429,500 ANADARKO PETROLEUM CORP COMMON 032511107 9,500 99,217 SH SOLE 96,519 2,698 ANHEUSER-BUSCH COS INC. COMMON 035229103 885 20,552 SH SOLE 20,552 0 AON CORP COMMON 037389103 285 8,877 SH SOLE 8,877 0 ARCHER-DANIELS-MIDLAND CO COMMON 039483102 5,813 235,737 SH SOLE 223,610 12,127 AT&T CORP COMMON 001957505 4,487 226,640 SH SOLE 158,880 67,760 AUTOMATIC DATA PROCESSING COMMON 053015103 1,077 25,020 SH SOLE 23,220 1,800 AVAYA INC COMMON 053499109 600,024 58,254,748 SH SOLE 55,084,748 524,600 2,645,400 B W C FINANCIAL CORP COMMON 056042104 305 10,764 SH SOLE 10,764 0 BAKER HUGHES INC COMMON 057224107 1,154,953 19,352,437 SH SOLE 18,079,887 200,700 1,071,850 BANK OF AMERICA CORP COMMON 060505104 23,792 565,122 SH SOLE 513,830 51,292 BANK OF NEW YORK CO INC COMMON 064057102 502 17,080 SH SOLE 17,080 0 BAXTER INTERNATIONAL INC. COMMON 071813109 549 13,782 SH SOLE 13,782 0 BB&T CORPORATION COMMON 054937107 281 7,206 SH SOLE 7,206 0 BECTON DICKINSON & CO COMMON 075887109 460,805 8,788,957 SH SOLE 8,160,457 95,400 533,100 BELLSOUTH CORP COMMON 079860102 481 18,270 SH SOLE 18,270 0 BERKSHIRE HATHAWAY INC-A CL A 084670108 492 6 SH SOLE 6 0 BERKSHIRE HATHAWAY INC-B CL B 084670207 4,763 1,744 SH SOLE 1,398 346 BIOMET INC COMMON 090613100 233 6,700 SH SOLE 6,700 0 BJ SERVICES CO COMMON 055482103 459 12,750 SH SOLE 12,750 0 BMC SOFTWARE INC COMMON 055921100 580,945 27,532,945 SH SOLE 26,037,045 226,500 1,269,400 BOEING CO COMMON 097023105 1,373 20,210 SH SOLE 20,210 0 BP PLC-SPONS ADR COMMON 055622104 21,478 303,151 SH SOLE 287,041 16,110 BRISTOL-MYERS SQUIBB CO COMMON 110122108 401,564 16,690,101 SH SOLE 15,511,591 218,200 960,310 BUCKEYE PARTNERS LP LTDPAR 118230101 310 6,500 SH SOLE 6,500 0 BURLINGTON RESOURCES INC COMMON 122014103 949 11,676 SH SOLE 11,676 0 CADENCE DESIGN SYS INC COMMON 127387108 271 16,800 SH SOLE 16,800 0 CANADIAN PACIFIC RAILWAY LTD COMMON 13645T100 810 18,866 SH SOLE 18,866 0 CAPITAL ONE FINANCIAL CORP COMMON 14040H105 1,689,263 21,243,245 SH SOLE 19,861,595 225,000 1,156,650 CARDINAL HEALTH INC COMMON 14149Y108 2,479,003 39,076,339 SH SOLE 36,704,239 393,200 1,978,900 CATERPILLAR INC COMMON 149123101 19,919 339,052 SH SOLE 300,552 38,500 CHEVRON CORP COMMON 166764100 2,426,084 37,480,047 SH SOLE 34,948,185 404,368 2,127,494 CHUBB CORP COMMON 171232101 1,005,286 11,225,972 SH SOLE 10,483,122 136,500 606,350 CIGNA CORP COMMON 125509109 11,814 100,235 SH SOLE 90,435 9,800 CISCO SYSTEMS INC COMMON 17275R102 265 14,800 SH SOLE 14,800 0 CIT GROUP INC COMMON 125581108 482,299 10,675,050 SH SOLE 9,998,550 106,200 570,300 CITIGROUP INC COMMON 172967101 1,322,211 29,046,814 SH SOLE 27,281,457 273,100 1,492,257 CNH GLOBAL N.V. COMMON N20935206 21,838 1,108,520 SH SOLE 1,108,520 0 COCA-COLA CO/THE COMMON 191216100 2,725 63,082 SH SOLE 63,082 0 COLGATE-PALMOLIVE CO COMMON 194162103 370 7,000 SH SOLE 7,000 0 COMCAST CORP-CL A CL A 20030N101 2,736,222 93,132,128 SH SOLE 87,965,918 876,745 4,289,465 COMCAST CORP-SPECIAL CL A CLASPL 20030N200 2,003 69,600 SH SOLE 69,600 0 COMPUTER ASSOC INTL INC COMMON 204912109 698 25,100 SH SOLE 25,100 0 COMPUTER SCIENCES CORP COMMON 205363104 1,157,475 24,465,757 SH SOLE 23,008,657 245,600 1,211,500 COMPUWARE CORP COMMON 205638109 468,752 49,342,342 SH SOLE 44,872,342 750,600 3,719,400 CONOCOPHILLIPS COMMON 20825C104 1,559,013 22,300,280 SH SOLE 20,849,908 236,800 1,213,572 CONSOLIDATED EDISON INC COMMON 209115104 259 5,326 SH SOLE 5,326 0 CORNING INC COMMON 219350105 2,155 111,500 SH SOLE 111,500 0 CSX CORP COMMON 126408103 758 16,300 SH SOLE 16,300 0 CVS CORP COMMON 126650100 255 8,800 SH SOLE 8,800 0 DEERE & CO COMMON 244199105 12,284 200,722 SH SOLE 178,372 22,350 DELPHI CORP COMMON 247126105 202,992 73,547,883 SH SOLE 68,652,343 766,650 4,128,890 DEVON ENERGY CORPORATION COMMON 25179M103 247 3,600 SH SOLE 3,600 0 DIAGEO PLC-SPONSORED ADR COMMON 25243Q205 406 7,000 SH SOLE 7,000 0 DILLARDS INC-CL A CL A 254067101 215,937 10,341,805 SH SOLE 9,699,155 135,600 507,050 DOMINION RESOURCES INC/VA COMMON 25746U109 1,258 14,605 SH SOLE 13,425 1,180 DOW CHEMICAL COMMON 260543103 1,609,341 38,621,100 SH SOLE 36,210,053 368,328 2,042,719 DU PONT (E.I.) DE NEMOURS COMMON 263534109 4,158 106,156 SH SOLE 101,294 4,862 DUKE ENERGY CORP COMMON 264399106 1,332,092 45,666,516 SH SOLE 42,826,162 470,600 2,369,754 DUN & BRADSTREET CORP COMMON 26483E100 3,377 51,275 SH SOLE 51,275 0 EASTMAN KODAK CO COMMON 277461109 376 15,450 SH SOLE 15,450 0 ELECTRONIC DATA SYSTEMS COMMON 285661104 1,500,666 66,874,619 SH SOLE 62,742,119 659,000 3,473,500 ELI LILLY & CO COMMON 532457108 4,492 83,925 SH SOLE 82,625 1,300 EMC CORP/MASS COMMON 268648102 223 17,200 SH SOLE 17,200 0 EMERSON ELECTRIC CO COMMON 291011104 6,002 83,600 SH SOLE 83,600 0 ENCANA CORP COMMON 292505104 2,896 49,659 SH SOLE 42,751 6,908 ENGELHARD CORP COMMON 292845104 441,737 15,827,182 SH SOLE 14,819,682 159,900 847,600 EQUITY OFFICE PROPERTIES TR COMMON 294741103 1,404,418 42,935,418 SH SOLE 40,249,918 435,200 2,250,300 EQUITY RESIDENTIAL SH BEN 29476L107 763,616 20,174,801 SH SOLE 18,811,750 229,500 1,133,551 EVEREST RE GROUP LTD COMMON G3223R108 294 3,000 SH SOLE 3,000 0 EXELON CORP COMMON 30161N101 1,151 21,540 SH SOLE 21,540 0 EXXON MOBIL CORP COMMON 30231G102 38,617 607,759 SH SOLE 600,491 7,268 FANNIE MAE COMMON 313586109 331 7,383 SH SOLE 7,383 0 FEDERATED DEPARTMENT STORES COMMON 31410H101 764,201 11,428,161 SH SOLE 10,634,411 129,083 664,666 FEDEX CORP COMMON 31428X106 1,905,728 21,872,236 SH SOLE 20,535,044 215,100 1,122,092 FIRST MIDWEST BANCORP INC/IL COMMON 320867104 392 10,534 SH SOLE 10,534 0 FIRSTENERGY CORP COMMON 337932107 446,152 8,560,100 SH SOLE 7,966,700 103,400 490,000 FLUOR CORP COMMON 343412102 637,917 9,908,615 SH SOLE 9,351,965 125,700 430,950 FOMENTO ECONOMICO MEX-SP ADR SPNADR 344419106 189,767 2,714,058 SH SOLE 2,714,058 0 FORD MOTOR CO COMMON 345370860 106 10,710 SH SOLE 10,710 0 FPL GROUP INC COMMON 302571104 7,620 160,082 SH SOLE 152,614 7,468 FREESCALE SEMICONDUCTOR-A COMMON 35687M107 268,452 11,467,400 SH SOLE 10,782,700 114,500 570,200 FREESCALE SEMICONDUCTOR-B COMMON 35687M206 80,014 3,393,289 SH SOLE 3,164,894 37,594 190,801 GAP INC/THE COMMON 364760108 395,442 22,687,450 SH SOLE 21,204,650 230,600 1,252,200 GENERAL ELECTRIC CO COMMON 369604103 37,764 1,121,598 SH SOLE 1,064,598 57,000 GENERAL MILLS INC COMMON 370334104 501 10,400 SH SOLE 10,400 0 GENERAL MOTORS CORP COMMON 370442105 266 8,700 SH SOLE 8,300 400 GENUINE PARTS CO COMMON 372460105 871,923 20,324,538 SH SOLE 18,899,801 223,500 1,201,237 GENWORTH FINANCIAL INC-CL A COMCLA 37247D106 517,131 16,040,040 SH SOLE 15,101,540 166,300 772,200 GILLETTE COMPANY COMMON 375766102 1,205 20,710 SH SOLE 20,710 0 GLAXOSMITHKLINE PLC-ADR COMMON 37733W105 1,586,912 30,946,025 SH SOLE 29,392,973 273,200 1,279,852 GOLDEN WEST FINANCIAL CORP COMMON 381317106 1,168,046 19,667,385 SH SOLE 18,231,885 230,000 1,205,500 GUIDANT CORP COMMON 401698105 344 5,000 SH SOLE 5,000 0 HALLIBURTON CO COMMON 406216101 3,172 46,300 SH SOLE 39,600 6,700 HARTFORD FINANCIAL SVCS GRP COMMON 416515104 880 11,409 SH SOLE 8,909 2,500 HCA INC COMMON 404119109 1,866,349 38,947,181 SH SOLE 36,639,381 405,100 1,902,700 HENRY SCHEIN INC COMMON 806407102 256 6,000 SH SOLE 6,000 0 HEWLETT-PACKARD CO COMMON 428236103 3,704,370 126,861,983 SH SOLE 119,095,850 1,293,272 6,472,861 HITACHI LTD -SPONS ADR ADR10C 433578507 443,511 6,996,550 SH SOLE 6,557,150 71,400 368,000 HOME DEPOT INC COMMON 437076102 898 23,540 SH SOLE 23,540 0 HONDA MOTOR CO LTD-SPON ADR AMERN 438128308 660,641 23,262,000 SH SOLE 22,221,700 189,900 850,400 HONEYWELL INTERNATIONAL INC COMMON 438516106 2,051 54,683 SH SOLE 48,308 6,375 HOSPIRA INC COMMON 441060100 201 4,900 SH SOLE 4,900 0 ILLINOIS TOOL WORKS COMMON 452308109 420 5,100 SH SOLE 5,100 0 IMS HEALTH INC COMMON 449934108 3,310 131,500 SH SOLE 131,500 0 INGERSOLL-RAND CO LTD-CL A CL A G4776G101 554 14,504 SH SOLE 14,504 0 INTEL CORP COMMON 458140100 243 9,850 SH SOLE 9,850 0 INTERNATIONAL PAPER CO COMMON 460146103 387,332 12,997,728 SH SOLE 12,299,928 108,100 589,700 INTERPUBLIC GROUP COMPANIES COMMON 460690100 248,879 21,381,400 SH SOLE 20,166,500 222,500 992,400 INTL BUSINESS MCH CORP COMMON 459200101 24,232 302,070 SH SOLE 270,427 31,643 INTL FLAVORS & FRAGRANCES COMMON 459506101 517 14,508 SH SOLE 11,208 3,300 J.C. PENNEY CO INC COMMON 708160106 462 9,740 SH SOLE 9,740 0 JACOBS ENGR GROUP INC COMMON 469814107 282 4,184 SH SOLE 4,184 0 JOHNSON & JOHNSON COMMON 478160104 6,121 96,725 SH SOLE 92,925 3,800 JPMORGAN CHASE & CO COMMON 46625H100 742,240 21,875,631 SH SOLE 20,479,928 227,204 1,168,499 KIMBERLY-CLARK CORP COMMON 494368103 1,121 18,827 SH SOLE 18,827 0 KOOKMIN BANK-SPON ADR COMMON 50049M109 115,413 1,947,900 SH SOLE 1,947,900 0 KT CORP-SP ADR COMMON 48268K101 233,739 10,388,400 SH SOLE 10,388,400 0 LABORATORY CRP OF AMER HLDGS COMNEW 50540R409 244 5,000 SH SOLE 5,000 0 LEHMAN BROTHERS HOLDINGS INC COMMON 524908100 280 2,400 SH SOLE 2,400 0 LG.PHILIPS LCD CO LTD-ADR COMMON 50186V102 69,904 3,400,000 SH SOLE 3,400,000 0 LIBERTY MEDIA CORP-A COM A 530718105 522,943 64,961,850 SH SOLE 61,062,750 737,300 3,161,800 LOCKHEED MARTIN CORP COMMON 539830109 903 14,800 SH SOLE 14,800 0 LOEWS CORP COMMON 540424108 1,248,877 13,514,517 SH SOLE 12,790,767 133,600 590,150 LUBRIZOL CORP COMMON 549271104 74,552 1,720,571 SH SOLE 1,604,071 15,400 101,100 MARSH & MCLENNAN COS COMMON 571748102 935 30,752 SH SOLE 30,752 0 MASCO CORP COMMON 574599106 617,054 20,112,575 SH SOLE 18,597,075 210,200 1,305,300 MATSUSHITA ELEC IND-SPON ADR COMMON 576879209 2,000,727 116,933,186 SH SOLE 110,073,086 1,140,100 5,720,000 MBIA INC COMMON 55262C100 228,959 3,776,962 SH SOLE 3,504,144 46,750 226,068 MCDONALD'S CORP COMMON 580135101 2,336,275 69,760,366 SH SOLE 65,605,100 684,800 3,470,466 MCGRAW-HILL COMPANIES INC COMMON 580645109 820 17,068 SH SOLE 17,068 0 MEDTRONIC INC COMMON 585055106 450 8,400 SH SOLE 8,400 0 MELLON FINANCIAL CORP COMMON 58551A108 2,781 87,000 SH SOLE 76,300 10,700 MERCK & CO. INC. COMMON 589331107 2,640 97,008 SH SOLE 91,757 5,251 MGIC INVESTMENT CORP COMMON 552848103 257 4,000 SH SOLE 4,000 0 MICROSOFT CORP COMMON 594918104 623 24,225 SH SOLE 24,225 0 MIDCAP SPDR TRUST SERIES 1 UNTSR1 595635103 262 2,000 SH SOLE 2,000 0 MITSUBISHI UFJ FINL GRP COMMON 606816106 346,664 26,605,100 SH SOLE 26,605,100 0 MOODY'S CORP COMMON 615369105 2,712 53,100 SH SOLE 53,100 0 MOTOROLA INC COMMON 620076109 1,555,655 70,423,502 SH SOLE 66,323,152 618,300 3,482,050 NCR CORPORATION COMMON 62886E108 467,546 14,652,008 SH SOLE 13,739,308 152,800 759,900 NEWS CORP-CL A CL A 65248E104 2,574,496 165,137,676 SH SOLE 157,083,976 1,410,200 6,643,500 NISOURCE INC COMMON 65473P105 623 25,700 SH SOLE 18,700 7,000 NOKIA CORP-SPON ADR COMMON 654902204 220 13,000 SH SOLE 13,000 0 NORDSTROM INC COMMON 655664100 13,641 397,468 SH SOLE 353,868 43,600 NORFOLK SOUTHERN CORP COMMON 655844108 1,245 30,699 SH SOLE 26,199 4,500 NORSK HYDRO AS-SPONS ADR COMMON 656531605 243,248 2,186,500 SH SOLE 2,186,500 0 NORTHERN TRUST CORP COMMON 665859104 379 7,500 SH SOLE 7,500 0 NOVA CHEMICALS CORP COMMON 66977W109 330,521 8,981,543 SH SOLE 8,437,203 98,900 445,440 NUCOR CORP COMMON 670346105 12,173 206,360 SH SOLE 206,360 0 OCCIDENTAL PETROLEUM CORP COMMON 674599105 848,487 9,931,952 SH SOLE 9,305,882 100,400 525,670 PARKER HANNIFIN CORP COMMON 701094104 1,378 21,435 SH SOLE 18,435 3,000 PAYCHEX INC COMMON 704326107 222 6,000 SH SOLE 6,000 0 PEPSICO INC COMMON 713448108 1,393 24,570 SH SOLE 24,570 0 PETROLEO BRASILEIRO S.A.-ADR ADRPFD 71654V101 232,413 3,645,700 SH SOLE 3,645,700 0 PFIZER INC COMMON 717081103 1,744,681 69,871,076 SH SOLE 66,228,154 668,221 2,974,701 PHARMACEUTICAL PRODUCT DEVEL COMMON 717124101 566 9,850 SH SOLE 9,850 0 PITNEY BOWES INC COMMON 724479100 509,158 12,198,326 SH SOLE 11,363,276 135,800 699,250 PNC FINANCIAL SERVICES GROUP COMMON 693475105 3,680 63,424 SH SOLE 59,424 4,000 PPG INDUSTRIES INC COMMON 693506107 3,350 56,600 SH SOLE 56,600 0 PRAXAIR INC COMMON 74005P104 575 12,000 SH SOLE 12,000 0 PROCTER & GAMBLE CO COMMON 742718109 22,980 386,477 SH SOLE 358,989 27,488 PROGRESS ENERGY INC COMMON 743263105 1,613 36,050 SH SOLE 27,650 8,400 PROLOGIS SH BEN 743410102 615 13,877 SH SOLE 13,877 0 RIO TINTO PLC-SPON ADR COMMON 767204100 1,474,163 8,972,386 SH SOLE 8,430,146 94,700 447,540 ROHM AND HAAS CO COMMON 775371107 607,596 14,772,572 SH SOLE 13,670,522 174,400 927,650 ROYAL DUTCH SHELL PLC ADR A 780259206 678,299 10,333,618 SH SOLE 9,068,590 233,700 1,031,328 ROYAL DUTCH SHELL PLC ADR B 780259107 931,397 13,523,991 SH SOLE 13,523,991 0 RR DONNELLEY & SONS CO COMMON 257867101 778 21,000 SH SOLE 8,000 13,000 SAFECO CORP COMMON 786429100 524,280 9,821,661 SH SOLE 9,217,861 106,400 497,400 SANOFI-AVENTIS-ADR SPNADR 80105N105 1,210,025 29,122,142 SH SOLE 27,681,542 317,100 1,123,500 SBC COMMUNICATIONS INC COMMON 78387G103 2,432 101,440 SH SOLE 98,791 2,649 SCHERING-PLOUGH CORP COMMON 806605101 1,509,112 71,691,771 SH SOLE 66,876,933 734,500 4,080,338 SCHLUMBERGER LTD COMMON 806857108 692,927 8,211,977 SH SOLE 7,848,577 66,100 297,300 SCOTTISH POWER PLC-ADR COMMON 81013T705 648 16,100 SH SOLE 16,100 0 SIGMA-ALDRICH COMMON 826552101 1,281 20,000 SH SOLE 20,000 0 SONY CORP-SPONSORED ADR COMMON 835699307 2,178,291 65,630,946 SH SOLE 62,051,946 592,000 2,987,000 SOUTHERN CO COMMON 842587107 257 7,200 SH SOLE 7,200 0 SOVEREIGN BANCORP INC COMMON 845905108 331 15,000 SH SOLE 15,000 0 ST PAUL TRAVELERS COS INC COMMON 792860108 1,906,068 42,479,796 SH SOLE 39,978,976 398,900 2,101,920 STATE STREET CORP COMMON 857477103 636 13,000 SH SOLE 13,000 0 STRYKER CORP COMMON 863667101 1,599 32,350 SH SOLE 32,350 0 SUN MICROSYSTEMS INC COMMON 866810104 539,935 137,738,500 SH SOLE 130,231,700 1,294,600 6,212,200 SUNTRUST BANKS INC COMMON 867914103 383 5,516 SH SOLE 5,516 0 SYNGENTA AG-ADR COMMON 87160A100 460,759 21,940,900 SH SOLE 20,634,600 241,300 1,065,000 SYSCO CORP COMMON 871829107 594 18,924 SH SOLE 18,924 0 TARGET CORP COMMON 87612E106 30,294 583,354 SH SOLE 547,455 35,899 TEVA PHARMACEUTICAL-SP ADR COMMON 881624209 312 9,350 SH SOLE 9,350 0 TEXAS INSTRUMENTS INC COMMON 882508104 3,898 114,986 SH SOLE 82,186 32,800 THE WALT DISNEY CO. COMMON 254687106 660 27,371 SH SOLE 20,771 6,600 THERMO ELECTRON CORP COMMON 883556102 610,579 19,759,834 SH SOLE 18,380,884 195,700 1,183,250 THOMSON (EX-TMM)-SPON ADR SPNADR 885118109 189,405 9,071,100 SH SOLE 8,579,400 100,700 391,0000 TIME WARNER INC COMMON 887317105 2,441,530 134,816,660 SH SOLE 127,217,360 1,360,200 6,239,100 TORCHMARK CORP COMMON 891027104 15,529 293,934 SH SOLE 291,334 2,600 TOTAL SA-SPON ADR COMMON 89151E109 379 2,791 SH SOLE 2,791 0 TRIBUNE CO COMMON 896047107 1,657 48,901 SH SOLE 48,901 0 TXU CORP COMMON 873168108 2,198 19,473 SH SOLE 14,279 5,194 TYCO INTERNATIONAL LTD COMMON 902124106 3,861 138,636 SH SOLE 138,636 0 ULTRAPAR PARTICPAC-SPON ADR ADRPFD 90400P101 96,810 5,658,085 SH SOLE 5,658,085 0 UNIBANCO-GDR GDRPFD 90458E107 153,408 2,916,500 SH SOLE 2,916,500 0 UNILEVER N V -NY SHARES NY SHS 904784709 1,834,420 25,674,173 SH SOLE 24,315,332 244,600 1,114,241 UNION PACIFIC CORP COMMON 907818108 2,025,661 28,251,896 SH SOLE 26,508,995 287,900 1,455,001 UNIONBANCAL CORPORATION COMMON 908906100 481 6,900 SH SOLE 6,900 0 UNITED PARCEL SERVICE-CL B COMMON 911312106 264 3,825 SH SOLE 3,825 0 UNITED TECHNOLOGIES CORP COMMON 913017109 2,379 45,888 SH SOLE 45,888 0 UNUMPROVIDENT CORP COMMON 91529Y106 497,132 24,250,357 SH SOLE 22,695,257 339,100 1,216,000 VERIZON COMMUNICATIONS INC COMMON 92343V104 772 23,620 SH SOLE 22,846 774 VF CORP COMMON 918204108 393,865 6,794,282 SH SOLE 6,369,382 73,600 351,300 VODAFONE GROUP PLC-SP ADR COMMON 92857W100 665,803 25,637,397 SH SOLE 24,581,897 179,100 876,400 VOLVO AB-SPONSORED ADR ADR B 928856400 276,153 6,327,550 SH SOLE 5,952,350 83,100 292,100 WACHOVIA CORP COMMON 929903102 1,534,314 32,240,263 SH SOLE 30,330,163 291,100 1,619,000 WAL-MART STORES INC COMMON 931142103 1,747,868 39,887,443 SH SOLE 38,030,543 395,800 1,461,100 WALGREEN CO COMMON 931422109 1,898 43,689 SH SOLE 43,689 0 WASHINGTON MUTUAL INC COMMON 939322103 299 7,627 SH SOLE 7,627 0 WELLPOINT INC COMMON 94973V107 1,639,875 21,628,522 SH SOLE 20,329,822 207,700 1,091,000 WELLS FARGO & COMPANY COMMON 949746101 725,074 12,379,616 SH SOLE 11,507,429 129,200 742,987 WEYERHAEUSER CO COMMON 962166104 2,567 37,339 SH SOLE 32,289 5,050 WHIRLPOOL CORP COMMON 963320106 529,860 6,993,010 SH SOLE 6,561,260 69,800 361,950 WHITE MOUNTAINS INSURANCE GP COMMON G9618E107 242 400 SH SOLE 400 0 WISCONSIN ENERGY CORP COMMON 976657106 1,317 33,000 SH SOLE 32,200 800 WYETH COMMON 983024100 956,092 20,663,323 SH SOLE 19,464,873 217,500 980,950 XEROX CORP COMMON 984121103 1,685,658 123,491,397 SH SOLE 115,864,497 1,222,500 6,404,400 3M CO COMMON 88579Y101 5,126 69,875 SH SOLE 68,275 1,600
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