-----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, IHHSf6Xr2zj3drV5Vi7jAM2DCB8MyETS5VIaOkwEgXc/dI3hOD6R7DRd+apcJn4G LGnUUgtJrSI18mZPj85Pgg== 0001193125-05-028894.txt : 20050214 0001193125-05-028894.hdr.sgml : 20050214 20050214144903 ACCESSION NUMBER: 0001193125-05-028894 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041231 FILED AS OF DATE: 20050214 DATE AS OF CHANGE: 20050214 EFFECTIVENESS DATE: 20050214 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: 05608218 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 13F-HR 12/31/2004 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/04 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 2/14/05 - ----------------------- ------------------- --------- [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: 243 Form 13F Information Table Value Total: 83,115,556 (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 - -------- ------ --------- --------- ----------- ------- ----- ------------------------------- ------- VOTING AUTHORITY ------ VALUE SHARES/ SH/ PUT/ INVSTMT OTHR ------------------------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE - ----------------------------- ------ --------- --------- ----------- --- ---- ------- ---- ----------- --------- --------- ABBOTT LABORATORIES COMMON 002824100 3,072 65,850 SH SOLE 65,190 660 AETNA INC - NEW COMMON 00817Y108 1,123 9,000 SH SOLE 8,500 500 AGILENT TECHNOLOGIES INC COMMON 00846U101 680 28,234 SH SOLE 20,936 7,298 AIR PRODUCTS & CHEMICALS INC COMMON 009158106 3,511 60,568 SH SOLE 50,818 9,750 AKZO NOBEL NV - SPON ADR COMMON 010199305 1,510,884 35,558,590 SH SOLE 33,435,890 653,700 1,469,000 ALCOA INC COMMON 013817101 251,063 7,990,562 SH SOLE 7,470,121 139,600 380,841 ALLERGAN INC COMMON 018490102 266 3,282 SH SOLE 3,282 0 ALLSTATE CORP COMMON 020002101 762 14,724 SH SOLE 13,410 1,314 ALTRIA GROUP INC COMMON 02209S103 3,196 52,300 SH SOLE 46,000 6,300 AMERADA HESS CORP COMMON 023551104 711,333 8,634,780 SH SOLE 8,064,070 152,300 418,410 AMEREN CORP COMMON 023608102 2,028 40,450 SH SOLE 39,750 700 AMERICAN ELEC POWER CO INC COMMON 025537101 591,126 17,213,910 SH SOLE 15,865,922 339,840 1,008,148 AMERICAN EXPRESS COMPANY COMMON 025816109 33,493 594,161 SH SOLE 539,815 54,346 AMERICAN INTERNATIONAL GROUP COMMON 026874107 7,693 117,148 SH SOLE 88,526 28,622 AMERICAN POWER CONVERSION COR COMMON 029066107 197,526 9,230,200 SH SOLE 8,696,400 126,200 407,600 AMGEN INC COMMON 031162100 390 6,075 SH SOLE 6,075 0 AMSOUTH BANCORPORATION COMMON 032165102 253 9,769 SH SOLE 9,769 0 ANADARKO PETROLEUM CORP COMMON 032511107 8,449 130,360 SH SOLE 122,956 7,404 ANHEUSER-BUSCH COS INC COMMON 035229103 1,043 20,552 SH SOLE 20,552 0 AON CORP COMMON 037389103 263 11,024 SH SOLE 11,024 0 ARCHER-DANIELS MIDLAND COMMON 039483102 7,261 325,454 SH SOLE 298,782 26,672 AT&T CORP COMMON 001957505 1,968,172 103,261,885 SH SOLE 96,338,678 1,874,280 5,048,927 AUTOMATIC DATA PROCESSING INC COMMON 053015103 586 13,220 SH SOLE 9,220 4,000 AVAYA INC COMMON 053499109 426,758 24,811,519 SH SOLE 23,167,919 440,200 1,203,400 AVERY DENNISON CORP COMMON 053611109 312 5,200 SH SOLE 5,200 0 B W C FINANCIAL CORP COMMON 056042104 282 12,513 SH SOLE 12,513 0 BAKER HUGHES INC COMMON 057224107 841,067 19,710,975 SH SOLE 18,357,125 371,800 982,050 BANK OF AMERICA CORP COMMON 060505104 28,338 603,064 SH SOLE 531,590 71,474 BANK OF NEW YORK INC COMMON 064057102 626 18,720 SH SOLE 18,720 0 BAXTER INTERNATIONAL INC COMMON 071813109 573 16,582 SH SOLE 15,782 800 BAYER AG - SPONSORED ADR COMMON 072730302 8,954 263,500 SH SOLE 249,600 13,900 BB&T CORP COMMON 054937107 361 8,586 SH SOLE 8,586 0 BECTON DICKINSON & CO COMMON 075887109 519,874 9,152,707 SH SOLE 8,456,807 191,900 504,000 BELLSOUTH CORP COMMON 079860102 609 21,898 SH SOLE 20,778 1,120 BERKSHIRE HATHAWAY INC DEL CL A 084670108 527 6 SH SOLE 6 0 BERKSHIRE HATHAWAY, INC CLASS CA B 084670207 5,120 1,744 SH SOLE 1,347 397 BJ SVCS CO COMMON 055482103 390 8,375 SH SOLE 8,375 0 BMC SOFTWARE COMMON 055921100 422,938 22,738,600 SH SOLE 21,339,900 361,500 1,037,200 BOEING CO COMMON 097023105 1,196 23,110 SH SOLE 22,710 400 BP PLC SPONS ADR COMMON 055622104 18,088 309,718 SH SOLE 286,962 22,756 BRISTOL-MYERS SQUIBB CO COMMON 110122108 427,963 16,704,241 SH SOLE 15,512,971 339,600 851,670 BURLINGTON RESOURCES, INC. COMMON 122014103 508 11,676 SH SOLE 11,676 0 C S X CORP COMMON 126408103 653 16,300 SH SOLE 16,300 0 CADENCE DESIGN SYSTEM INC COMMON 127387108 232 16,800 SH SOLE 16,800 0 CANADIAN PACIFIC RAILWAY LTD COMMON 13645T100 912 26,516 SH SOLE 26,516 0 CAPITAL ONE FINANCIAL COMMON 14040H105 1,755,267 20,843,920 SH SOLE 19,443,570 366,200 1,034,150 CARDINAL HEALTH INC COMMON 14149Y108 2,034,779 34,991,899 SH SOLE 32,682,199 606,200 1,703,500 CARNIVAL CORP COMMON 143658300 207 3,600 SH SOLE 3,600 0 CATELLUS DEVELOPMENT CORP (NE COMMON 149113102 1,016 33,190 SH SOLE 33,190 0 CATERPILLAR INC COMMON 149123101 21,680 222,336 SH SOLE 191,690 30,646 CHEVRONTEXACO CORP COMMON 166764100 1,471,234 28,018,160 SH SOLE 25,991,074 505,400 1,521,686 CHUBB CORP COMMON 171232101 866,514 11,268,062 SH SOLE 10,521,712 206,000 540,350 CIGNA CORP COMMON 125509109 9,913 121,533 SH SOLE 104,133 17,400 CISCO SYSTEMS COMMON 17275R102 291 15,075 SH SOLE 15,075 0 CIT GROUP INC COMMON 125581108 877,616 19,153,550 SH SOLE 17,919,050 331,800 902,700 CITIGROUP INC COMMON 172967101 29,161 605,252 SH SOLE 536,375 68,877 CNH GLOBAL N.V. COMMON N20935206 19,897 1,027,220 SH SOLE 1,027,220 0 COCA COLA CO COMMON 191216100 3,257 78,248 SH SOLE 75,888 2,360 COLGATE-PALMOLIVE CO COMMON 194162103 358 7,000 SH SOLE 7,000 0 COMCAST CORP CL A CL A 20030N101 2,669,210 80,204,638 SH SOLE 75,129,160 1,403,245 3,672,233 COMCAST CORP-SPECIAL CL A CLASPL 20030N200 1,768 53,839 SH SOLE 53,839 0 COMPUTER ASSOC INTL INC COMMON 204912109 950 30,600 SH SOLE 30,600 0 COMPUTER SCIENCES CORP COMMON 205363104 1,377,043 24,428,657 SH SOLE 22,983,307 404,500 1,040,850 COMPUWARE CORP COMMON 205638109 328,225 50,730,342 SH SOLE 45,965,242 1,217,100 3,548,000 CONOCOPHILLIPS COMMON 20825C104 987,720 11,375,336 SH SOLE 10,607,400 203,200 564,736 CONSOLIDATED EDISON INC COMMON 209115104 246 5,626 SH SOLE 5,626 0 CORNING INC COMMON 219350105 10,664 906,052 SH SOLE 866,052 40,000 CVS CORP COMMON 126650100 334 7,400 SH SOLE 7,400 0 DEERE & CO COMMON 244199105 16,890 227,014 SH SOLE 194,639 32,375
DELL INC. COMMON 24702R101 390 9,250 SH SOLE 9,250 0 DELPHI CORP COMMON 247126105 663,521 73,561,123 SH SOLE 68,680,347 1,252,250 3,628,526 DILLARD'S INC CLASS A CL A 254067101 284,387 10,583,805 SH SOLE 9,946,555 161,000 476,250 DOMINION RESOURCES INC VA COMMON 25746U109 1,064 15,709 SH SOLE 14,429 1,280 DOW CHEMICAL CO COMMON 260543103 1,790,334 36,161,059 SH SOLE 33,725,440 624,028 1,811,591 DUKE ENERGY CORP COMMON 264399106 1,339,667 52,888,566 SH SOLE 49,494,036 849,600 2,544,930 DUN & BRADSTREET CORP COMMON 26483E100 3,059 51,275 SH SOLE 51,275 0 E I DU PONT DE NEMOURS & CO COMMON 263534109 5,594 114,056 SH SOLE 103,064 10,992 EASTMAN KODAK CO COMMON 277461109 431,165 13,369,455 SH SOLE 12,760,130 187,000 422,325 ELECTRONIC DATA SYSTEMS COMMON 285661104 1,485,616 64,312,369 SH SOLE 60,095,569 1,135,900 3,080,900 ELI LILLY & CO COMMON 532457108 5,308 93,525 SH SOLE 80,925 12,600 EMERSON ELECTRIC CO COMMON 291011104 803 11,450 SH SOLE 11,450 0 ENCANA CORP COMMON 292505104 2,386 41,824 SH SOLE 37,892 3,932 ENGELHARD CORP COMMON 292845104 402,836 13,134,532 SH SOLE 12,098,632 277,300 758,600 EQUITY OFFICE PROPERTIES TRUS COMMON 294741103 1,226,244 42,110,018 SH SOLE 39,344,518 733,500 2,032,000 EQUITY RESIDENTIAL SH BEN 29476L107 763,792 21,110,901 SH SOLE 19,646,450 378,400 1,086,051 EXELON CORPORATION COMMON 30161N101 1,288 29,232 SH SOLE 29,232 0 EXXON MOBIL CORPORATION COMMON 30231G102 33,975 662,793 SH SOLE 599,620 63,173 FANNIE MAE COMMON 313586109 232 3,263 SH SOLE 2,963 300 FEDEX CORP COMMON 31428X106 1,190,529 12,087,818 SH SOLE 11,258,726 209,400 619,692 FIAT SPA - SPONS ADR COMMON 315621888 39,586 4,960,700 SH SOLE 4,960,700 0 FIRST DATA CORP. COMMON 319963104 266 6,250 SH SOLE 6,250 0 FIRST MIDWEST BANCORP INC COMMON 320867104 455 12,534 SH SOLE 12,534 0 FIRSTENERGY CORP COMMON 337932107 343,381 8,691,000 SH SOLE 8,080,200 153,400 457,400 FLUOR CORP (NEW) COMMON 343412102 560,184 10,276,715 SH SOLE 9,643,065 226,000 407,650 FOMENTO ECONOMICO MEX-SP ADR SPNADR 344419106 72,465 1,377,400 SH SOLE 1,377,400 0 FORD MOTOR CO COMMON 345370860 478 32,666 SH SOLE 32,666 0 FPL GROUP INC COMMON 302571104 6,708 89,741 SH SOLE 82,290 7,451 FREDDIE MAC COMMON 313400301 327 4,433 SH SOLE 4,433 0 FREESCALE SEMICONDUCTOR-A COMMON 35687M107 188,295 10,566,500 SH SOLE 9,903,300 186,100 477,100 FREESCALE SEMICONDUCTOR-B COMMON 35687M206 63,191 3,441,748 SH SOLE 3,211,258 62,205 168,285 GENENTECH INC COMMON 368710406 362 6,650 SH SOLE 6,650 0 GENERAL ELECTRIC CO COMMON 369604103 42,948 1,176,647 SH SOLE 1,060,862 115,785 GENERAL MILLS INC COMMON 370334104 437 8,800 SH SOLE 8,800 0 GENERAL MOTORS CORP COMMON 370442105 463 11,550 SH SOLE 9,400 2,150 GENUINE PARTS CO COMMON 372460105 930,531 21,119,638 SH SOLE 19,601,951 380,700 1,136,987 GENWORTH FINANCIAL COMMON 37247D106 431,789 15,992,200 SH SOLE 15,109,700 166,300 716,200 GILLETTE COMPANY COMMON 375766102 896 20,000 SH SOLE 20,000 0 GLAXOSMITHKLINE PLC ADR COMMON 37733W105 1,298,930 27,409,373 SH SOLE 25,901,256 388,200 1,119,917 GOLDEN WEST FINANCIAL CORP COMMON 381317106 1,237,394 20,146,436 SH SOLE 18,624,836 418,600 1,103,000 GUIDANT CORP COMMON 401698105 361 5,000 SH SOLE 5,000 0 HALLIBURTON CO COMMON 406216101 1,817 46,300 SH SOLE 36,800 9,500 HARLEY DAVIDSON INC COMMON 412822108 293 4,825 SH SOLE 4,825 0 HARMAN INTERNATIONAL INDUSTRI COMMON 413086109 410 3,225 SH SOLE 3,225 0 HARTFORD FINANCIAL SVCS GRP COMMON 416515104 901 13,005 SH SOLE 10,505 2,500 HCA INC COMMON 404119109 1,996,520 49,962,959 SH SOLE 46,985,409 843,000 2,134,550 HEWLETT PACKARD CO COMMON 428236103 2,508,952 119,644,807 SH SOLE 111,780,095 2,065,972 5,798,740 HOME DEPOT INC COMMON 437076102 266 6,220 SH SOLE 6,220 0 HONDA MOTOR CO LTD - SPON ADR AMERN 438128308 443,268 17,009,500 SH SOLE 15,967,100 280,600 761,800 HONEYWELL INTERNATIONAL INC COMMON 438516106 2,471 69,795 SH SOLE 62,658 7,137 IMS HEALTH INC COMMON 449934108 3,911 168,500 SH SOLE 168,500 0 INGERSOLL RAND CO LTD CLASS A CL A G4776G101 663 8,252 SH SOLE 5,252 3,000 INTEL CORP COMMON 458140100 248 10,600 SH SOLE 10,600 0 INTERCONTINENTAL HOTEL ADR COMMON 458573201 227,070 17,992,838 SH SOLE 16,771,986 376,019 844,833 INTERNATIONAL BUSINESS MCH CO COMMON 459200101 30,965 314,111 SH SOLE 262,495 51,616 INTERNATIONAL PAPER CO COMMON 460146103 423,879 10,092,358 SH SOLE 9,467,726 137,800 486,832 INTERPUBLIC GROUP COMPANIES COMMON 460690100 9,016 672,800 SH SOLE 640,900 6,100 25,800 INTL FLAVORS & FRAGRANCES INC COMMON 459506101 622 14,508 SH SOLE 11,208 3,300 JOHNSON & JOHNSON COMMON 478160104 7,221 113,860 SH SOLE 87,237 26,623 JPMORGAN CHASE & COMPANY COMMON 46625H100 1,464,253 37,535,318 SH SOLE 34,951,635 642,632 1,941,051 KIMBERLY CLARK CORP COMMON 494368103 841 12,778 SH SOLE 12,778 0 KOOKMIN BANK-SPON ADR COMMON 50049M109 74,486 1,906,000 SH SOLE 1,906,000 0 KT CORP-SP ADR COMMON 48268K101 100,073 4,588,400 SH SOLE 4,588,400 0 LEHMAN BROTHERS HOLDINGS INC COMMON 524908100 369 4,220 SH SOLE 3,860 360 LG PHILIPS LCD CO LTD- ADR COMMON 50186V102 61,166 3,400,000 SH SOLE 3,400,000 0 LIBERTY MEDIA CORP-A COM A 530718105 704,427 64,155,500 SH SOLE 60,423,700 947,800 2,784,000 LINCOLN NATIONAL CORP COMMON 534187109 381 8,164 SH SOLE 8,164 0 LOCKHEED MARTIN CORP COMMON 539830109 1,350 24,300 SH SOLE 24,300 0 LOEWS CORP COMMON 540424108 967,210 13,758,317 SH SOLE 13,017,167 225,800 515,350 LUBRIZOL CORP COMMON 549271104 94,558 2,565,321 SH SOLE 2,309,571 43,700 212,050 MARSH & MCLENNAN CO COMMON 571748102 1,051 31,950 SH SOLE 31,950 0 MASCO CORP COMMON 574599106 739,702 20,249,175 SH SOLE 18,701,325 376,500 1,171,350 MATSUSHITA ELEC IND ADR COMMON 576879209 1,147,742 71,510,386 SH SOLE 66,854,586 1,262,400 3,393,400 MAY DEPT STORES CO COMMON 577778103 1,108,788 37,713,862 SH SOLE 34,914,662 765,000 2,034,200 MBIA INC COMMON 55262C100 229,267 3,623,062 SH SOLE 3,348,544 80,450 194,068 MBNA CORP COMMON 55262L100 211 7,487 SH SOLE 7,487 0 MC DONALDS CORP COMMON 580135101 1,899,303 59,242,126 SH SOLE 55,059,344 1,075,000 3,107,782 MC GRAW-HILL COMPANIES INC COMMON 580645109 827 9,034 SH SOLE 6,534 2,500 MEDTRONIC INC COMMON 585055106 459 9,250 SH SOLE 9,250 0 MELLON FINANCIAL CORP COMMON 58551A108 3,288 105,700 SH SOLE 83,200 22,500 MERCK & CO INC COMMON 589331107 3,439 107,001 SH SOLE 95,316 11,685 MICROSOFT CORP COMMON 594918104 687 25,725 SH SOLE 25,725 0 MITSUBISHI TOKYO FINANCIAL GR COMMON 606816106 50,658 4,956,800 SH SOLE 4,956,800 0 MOODY'S CORP COMMON 615369105 6,796 78,250 SH SOLE 78,250 0 MORGAN STANLEY COMMON 617446448 494 8,902 SH SOLE 6,242 2,660 MOTOROLA INC COMMON 620076109 538,184 31,289,789 SH SOLE 29,184,139 563,400 1,542,250 NCR CORP COMMON 62886E108 514,984 7,438,746 SH SOLE 6,968,712 123,500 346,534 NEWS CORP INC CLASS A CL A 65248E104 2,123,345 113,791,276 SH SOLE 106,747,576 1,916,400 5,127,300 NISOURCE INC COMMON 65473P105 645 28,300 SH SOLE 21,300 7,000 NOKIA CORP ADS COMMON 654902204 204 13,000 SH SOLE 13,000 0 NORDSTROM INC COMMON 655664100 35,257 754,488 SH SOLE 699,938 54,550 NORFOLK SOUTHERN CORP COMMON 655844108 1,139 31,474 SH SOLE 24,877 6,597 NORSK HYDRO A/S SPONS ADR COMMON 656531605 83,561 1,061,500 SH SOLE 1,061,500 0
NOVA CHEMICALS CORP COMMON 66977W109 432,544 9,144,693 SH SOLE 8,551,203 169,600 423,890 NUCOR CORP COMMON 670346105 16,297 311,360 SH SOLE 311,360 0 OCCIDENTAL PETROLEUM CORP COMMON 674599105 717,066 12,286,937 SH SOLE 11,504,967 196,200 585,770 PARKER-HANNIFIN CORP COMMON 701094104 1,699 22,435 SH SOLE 18,760 3,675 PENNEY (J C) CO COMMON 708160106 456 11,015 SH SOLE 11,015 0 PEPSICO INC COMMON 713448108 2,021 38,720 SH SOLE 38,420 300 PETROLEO BRASILEIRO S.A. - AD ADRPFD 71654V101 90,369 2,495,700 SH SOLE 2,495,700 0 PFIZER INC COMMON 717081103 1,305,314 48,542,730 SH SOLE 45,800,899 834,821 1,907,010 PITNEY BOWES INC COMMON 724479100 559,644 12,092,576 SH SOLE 11,242,026 224,600 625,950 PNC FINANCIAL SERVICES GROUP COMMON 693475105 3,867 67,324 SH SOLE 62,024 5,300 PPG INDUSTRIES INC COMMON 693506107 4,062 59,600 SH SOLE 59,600 0 PRAXAIR INC COMMON 74005P104 530 12,000 SH SOLE 12,000 0 PROCTER & GAMBLE CO COMMON 742718109 22,480 408,133 SH SOLE 356,373 51,760 PROGRESS ENERGY INC COMMON 743263105 1,737 38,400 SH SOLE 30,000 8,400 QUALCOMM INC COMMON 747525103 390 9,200 SH SOLE 9,200 0 R R DONNELLEY & SONS CO COMMON 257867101 477,098 13,519,343 SH SOLE 12,441,897 284,800 792,646 RIO TINTO PLC-SPON ADR COMMON 767204100 1,091,765 9,158,336 SH SOLE 8,561,996 168,400 427,940 ROHM & HAAS COMMON 775371107 660,485 14,932,972 SH SOLE 13,791,672 300,300 841,000 ROYAL DUTCH PETROLEUM CO NY REG 780257804 499,244 8,700,668 SH SOLE 7,381,448 389,000 930,220 SAFECO CORP COMMON 786429100 511,040 9,782,551 SH SOLE 9,179,451 161,400 441,700 SBC COMMUNICATIONS, INC COMMON 78387G103 3,322 128,901 SH SOLE 120,109 8,792 SCHERING-PLOUGH CORP COMMON 806605101 1,704,262 81,621,729 SH SOLE 76,100,891 1,372,800 4,148,038 SCHLUMBERGER LTD COMMON 806857108 399,135 5,961,687 SH SOLE 5,665,037 62,300 234,350 SCOTTISH POWER & LIGHT PLC AD COMMON 81013T705 309,891 9,945,151 SH SOLE 9,342,351 146,800 456,000 SCRIPPS (E.W.) CO A COMMON 811054204 278 5,750 SH SOLE 5,750 0 SHELL TRANSPORT & TRADING ADR ADR NY 822703609 810,835 15,775,000 SH SOLE 15,775,000 0 SIGMA-ALDRICH CORP COMMON 826552101 1,209 20,000 SH SOLE 20,000 0 SMITH INTERNATIONAL COMMON 832110100 234 4,300 SH SOLE 4,300 0 SONY CORP ADR COMMON 835699307 1,930,513 49,551,146 SH SOLE 46,535,246 784,800 2,231,100 SOUTHERN CO COMMON 842587107 352 10,500 SH SOLE 10,500 0 ST PAUL TRAVELERS COMPANIES I COMMON 792860108 1,386,815 37,410,719 SH SOLE 34,967,899 642,100 1,800,720 STARBUCKS CORP COMMON 855244109 592 9,500 SH SOLE 9,500 0 STATE STREET CORP COMMON 857477103 987 20,100 SH SOLE 20,100 0 STOLT OFFSHORE SA - ADR COMMON 861567105 45,176 6,950,200 SH SOLE 6,950,200 0 STORAGE TECHNOLOGY COMMON 862111200 464,521 14,695,383 SH SOLE 13,853,333 214,700 627,350 STRYKER CORP COMMON 863667101 263 5,450 SH SOLE 5,450 0 SUNTRUST BANKS INC COMMON 867914103 408 5,516 SH SOLE 5,516 0 SYMYX TECHNOLOGIES COMMON 87155S108 843 28,011 SH SOLE 28,011 0 SYNGENTA AG - ADR COMMON 87160A100 511,185 23,943,100 SH SOLE 22,406,300 447,500 1,089,300 SYSCO CORP COMMON 871829107 821 21,499 SH SOLE 20,899 600 TARGET CORP COMMON 87612E106 33,908 652,952 SH SOLE 578,999 73,953 TEVA PHARMACEUTICAL INDS. LTD COMMON 881624209 387 12,975 SH SOLE 12,975 0 TEXAS INSTRUMENTS INC COMMON 882508104 3,351 136,110 SH SOLE 96,910 39,200 THE GAP INC COMMON 364760108 445,008 21,070,475 SH SOLE 19,558,075 409,000 1,103,400 THERMO ELECTRON COMMON 883556102 545,737 18,076,734 SH SOLE 16,687,684 364,400 1,024,650 TIME WARNER INC COMMON 887317105 2,004,761 103,125,560 SH SOLE 96,469,660 1,834,100 4,821,800 TORCHMARK CORP COMMON 891027104 543,318 9,508,534 SH SOLE 9,004,434 126,400 377,700 TRIBUNE CO NEW COMMON 896047107 2,466 58,525 SH SOLE 58,025 500 TXU CORP COMMON 873168108 7,416 114,865 SH SOLE 86,471 28,394 TYCO INTERNATIONAL LTD COMMON 902124106 5,975 167,172 SH SOLE 164,200 2,972 ULTRAPAR PARTICPACEOS SPON AD ADRPFD 90400P101 39,737 2,005,900 SH SOLE 2,005,900 0 UNIBANCO SPONSORED GDR GDRPFD 90458E107 92,511 2,916,500 SH SOLE 2,916,500 0 UNILEVER NV NY SHS 904784709 1,553,164 23,282,323 SH SOLE 21,890,933 360,300 1,031,090 UNION PACIFIC CORP COMMON 907818108 1,812,643 26,953,799 SH SOLE 25,198,332 461,200 1,294,267 UNIONBANCAL CORPORATION COMMON 908906100 477 7,400 SH SOLE 7,400 0 UNITED PARCEL SERVICE COMMON 911312106 370 4,325 SH SOLE 4,325 0 UNITED TECHNOLOGIES CORP COMMON 913017109 2,911 28,166 SH SOLE 28,166 0 UNOCAL CORP COMMON 915289102 998,502 23,092,094 SH SOLE 21,548,344 414,100 1,129,650 UNUMPROVIDENT CORP COMMON 91529Y106 449,002 25,027,957 SH SOLE 23,337,157 570,200 1,120,600 US BANCORP (NEW) COMMON 902973304 436 13,920 SH SOLE 13,920 0 V F CORP COMMON 918204108 386,000 6,970,032 SH SOLE 6,522,632 122,100 325,300 VERIZON COMMUNICATIONS COMMON 92343V104 1,103 27,240 SH SOLE 25,537 1,703 VODAFONE GROUP PLC-SP ADR COMMON 92857W100 514,685 18,797,847 SH SOLE 17,760,547 290,100 747,200 VOLVO AB-SPON ADR ADR B 928856400 256,302 6,464,100 SH SOLE 6,092,900 105,400 265,800 WACHOVIA CORP COMMON 929903102 1,531,141 29,109,138 SH SOLE 27,250,338 480,400 1,378,400 WAL-MART STORES INC COMMON 931142103 734 13,893 SH SOLE 11,493 2,400 WALGREEN CO COMMON 931422109 1,039 27,069 SH SOLE 27,069 0 WALT DISNEY CO COMMON 254687106 764 27,471 SH SOLE 17,571 9,900 WASHINGTON MUTUAL INC COMMON 939322103 280 6,627 SH SOLE 6,627 0 WELLPOINT, INC. COMMON 94973V107 957,649 8,327,380 SH SOLE 7,795,530 142,700 389,150 WELLS FARGO & CO COMMON 949746101 776,560 12,494,934 SH SOLE 11,597,925 219,100 677,909 WEYERHAEUSER CO COMMON 962166104 3,037 45,174 SH SOLE 33,824 11,350 WHIRLPOOL CORP COMMON 963320106 619,645 8,953,110 SH SOLE 8,398,510 144,500 410,100 WHITE MOUNTAINS INS GROUP, IN COMMON G9618E107 258 400 SH SOLE 400 0 WHOLE FOODS MKT INC COMMON 966837106 267 2,800 SH SOLE 2,800 0 WILLIS GROUP HOLDINGS LTD COMMON G96655108 331 8,050 SH SOLE 8,050 0 WISCONSIN ENERGY CORP COMMON 976657106 1,247 37,000 SH SOLE 35,200 1,800 WRIGLEY (WM) JR CO COMMON 982526105 239 3,450 SH SOLE 3,450 0 WYETH COMMON 983024100 842,419 19,779,737 SH SOLE 18,569,287 340,400 870,050 XEROX CORP COMMON 984121103 1,740,029 102,294,497 SH SOLE 94,652,997 1,992,100 5,649,400 3M CO COMMON 88579Y101 6,028 73,455 SH SOLE 70,355 3,100
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