Dodge & Cox Inc. has increased its stake in AOL, Inc. (NYSE:AOL) to 10.8%, according to the latest SEC Form 13G filing. The investment management company now owns 10,114,199 shares of common stock in the Internet-based company, with an equivalent voting power, and power to dispose.
Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More
Dodge & Cox has acquired the stake through two investment arms, including Dodge & Cox Inc. and Dodge & Cox Stock Fund. The company now holds 5,420,354, or 5.8%, of AOL’s common stock, via its Stock Fund arm, although this amount does not qualify for any shared dispositive or voting power.
Dodge & Cox also holds stakes in Sprint Nextel Corporation (NYSE:S) and Goldman Sachs Group, Inc. (NYSE:GS), while during the June quarter, it offloaded The Home Depot, Inc. (NYSE:HD) and eBay Inc (NASDAQ:EBAY), among others, as revealed in the company’s form 13F filing for 2Q12.
At the time of this writing, AOL Inc. (NYSE:AOL) stock was trading at $35.62 per share, down $0.97, or a 2.65% decline from yesterday’s close.