Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Dodge & Cox Fund increases stake in ICICI Bank (also holds Airtel and M&M)

12 May 2016Aakash Agarwal1 min read

Quick Facts

What is "Dodge & Cox Fund increases stake in ICICI Bank (also holds Airtel and M&M)" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 12 May 2016.
How long does this article take to read?: 1 min read
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

ICICI Bank

ICICI Bank Logo

ICICI Bank (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company. It is India’s largest private sector bank with total assets of Rs. 6,461.29 billion (US$ 103 billion) at March 31, 2015. ICICI Bank currently has a network of 4,450 Branches and 13,916 ATM’s across India.

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Dodge & Cox (an American mutual fund company, founded in 1930 by Van Duyn Dodge and E. Morris Cox. From the earliest days, Dodge & Cox’s investment approach has stressed evaluation of risk relative to opportunity) which held 406,907,420 shares or 6.997% acquired 2,960,000 shares or 0.051% from the open market on the on the 10th May, 2015. Currently the firm holds shares of ICICI in 2 of its funds i.e. Dodge & Cox Global Stock Fund and Dodge & Cox International Stock Fund.

With this purchase, its increased stake now stands at 409,867,420 shares or 7.048%.

Here are the stocks held by the Dodge & Cox under its various funds. The company also only 3 Indian stocks in its global portfolio:

Portfolio Holdings Dodge & Cox Fund in Indian Companies as of 31 March 2016

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.