13F-HR 1 d13fhr.txt FORM 13F-HR DATED 12/31/2002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/02 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: One Sansome Street -------------------------------- 35th 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: Vice President ---------------------------------- Phone: (415) 981-1710 ---------------------------------- Signature, Place, and Date of Signing: /S/ Thomas M. Mistele San Francisco, CA 2/11/03 --------------------------- ----------------------------- ------------------ [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: 214 --------------- Form 13F Information Table Value Total: 34,315,951,690 --------------- (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 COL7 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 474 11,860 SH SOLE 11,200 660 AETNA INC - NEW COMMON 00817Y108 400 9,737 SH SOLE 9,737 0 AGILENT TECHNOLOGIES INC COMMON 00846U101 1,768 98,435 SH SOLE 85,751 12,684 AIR PRODUCTS & CHEMICALS INC COMMON 009158106 3,771 88,200 SH SOLE 78,250 9,950 AKZO NOBEL NV - SPON ADR COMMON 010199305 495,026 15,522,922 SH SOLE 14,611,422 266,400 645,100 ALCOA INC COMMON 013817101 351,276 15,420,376 SH SOLE 14,223,935 264,000 932,441 ALLSTATE CORP COMMON 020002101 446 12,062 SH SOLE 12,062 0 AMERADA HESS CORP COMMON 023551104 489,051 8,883,766 SH SOLE 8,225,966 159,400 498,400 AMEREN CORP COMMON 023608102 10,977 264,060 SH SOLE 250,000 14,060 AMERICAN ELEC POWER CO INC COMMON 025537101 300,832 11,007,401 SH SOLE 10,275,840 187,020 544,541 AMERICAN EXPRESS COMPANY COMMON 025816109 25,971 734,686 SH SOLE 658,326 76,360 AMERICAN INTERNATIONAL GROUP COMMON 026874107 7,906 136,668 SH SOLE 94,272 42,396 AMSOUTH BANCORPORATION COMMON 032165102 407 21,181 SH SOLE 21,181 0 ANADARKO PETROLEUM CORP COMMON 032511107 8,236 171,947 SH SOLE 151,267 20,680 ANHEUSER-BUSCH COS INC COMMON 035229103 220 4,552 SH SOLE 4,552 0 AOL TIME WARNER INC COMMON 00184A105 246 18,750 SH SOLE 18,750 0 AON CORP COMMON 037389103 208 11,024 SH SOLE 11,024 0 ARCHER-DANIELS MIDLAND COMMON 039483102 343,523 27,703,432 SH SOLE 25,496,172 543,210 1,664,050 AT&T CORP (NEW) COMMON 001957505 672,077 25,740,215 SH SOLE 23,820,695 498,200 1,421,320 AT&T WIRELESS SERVICES COMMON 00209A106 249,351 44,132,929 SH SOLE 41,369,829 748,500 2,014,600 AUTOMATIC DATA PROCESSING INC COMMON 053015103 417 10,620 SH SOLE 10,620 0 AVAYA INC COMMON 053499109 107,021 43,682,146 SH SOLE 40,195,946 865,900 2,620,300 AVERY DENNISON CORP COMMON 053611109 440 7,200 SH SOLE 7,200 0 BAKER HUGHES INC COMMON 057224107 404,401 12,562,950 SH SOLE 11,592,490 247,900 722,560 BANCO LATINOAMERICANO EXPORTA COMMON P16994132 1,984 436,000 SH SOLE 436,000 0 BANK OF AMERICA CORP COMMON 060505104 22,640 325,424 SH SOLE 274,678 50,746 BANK OF NEW YORK INC COMMON 064057102 544 22,720 SH SOLE 19,840 2,880 BANK ONE CORP COMMON 06423A103 982,513 26,881,332 SH SOLE 24,724,620 574,400 1,582,312 BAUSCH & LOMB COMMON 071707103 130,551 3,626,419 SH SOLE 3,337,569 72,200 216,650 BAXTER INTERNATIONAL INC COMMON 071813109 860 30,714 SH SOLE 21,114 9,600 BECTON DICKINSON & CO COMMON 075887109 322,864 10,520,157 SH SOLE 9,678,907 209,900 631,350 BELLSOUTH CORP COMMON 079860102 983 37,988 SH SOLE 35,168 2,820 BERKSHIRE HATHAWAY INC DEL COMMON 084670108 364 5 SH SOLE 2 3 BERKSHIRE HATHAWAY, INC CLASS COMMON 084670207 4,822 1,990 SH SOLE 1,493 497 BOEING CO COMMON 097023105 1,537 46,598 SH SOLE 46,598 0 BOISE CASCADE CORP COMMON 097383103 144,792 5,741,171 SH SOLE 5,308,232 99,500 333,439 BP PLC SPONS ADR COMMON 055622104 12,063 296,757 SH SOLE 274,661 22,096 BRISTOL-MYERS SQUIBB CO COMMON 110122108 273,871 11,830,286 SH SOLE 11,094,766 195,600 539,920 BURLINGTON RESOURCES, INC. COMMON 122014103 249 5,838 SH SOLE 5,838 0 C S X CORP COMMON 126408103 623 22,000 SH SOLE 22,000 0 CADENCE DESIGN SYSTEM INC COMMON 127387108 171 14,500 SH SOLE 14,500 0 CANADIAN PACIFIC RAILWAY LTD COMMON 13645T100 2,101 106,631 SH SOLE 91,606 15,025 CAPITAL ONE FINANCIAL COMMON 14040H105 307,775 10,355,805 SH SOLE 9,616,805 198,900 540,100 CATELLUS DEVELOPMENT CORP COMMON 149111106 893 45,000 SH SOLE 45,000 0 CATERPILLAR INC COMMON 149123101 337,509 7,382,080 SH SOLE 6,812,980 129,400 439,700 CHEVRONTEXACO CORP COMMON 166764100 590,638 8,884,441 SH SOLE 8,211,800 166,400 506,241 CHUBB CORP COMMON 171232101 230,412 4,414,028 SH SOLE 4,101,278 77,200 235,550 CIGNA CORP COMMON 125509109 5,889 143,203 SH SOLE 131,517 11,686 CISCO SYSTEMS COMMON 17275R102 1,551 118,400 SH SOLE 118,400 0 CIT GROUP INC COMMON 125581108 515,965 26,324,750 SH SOLE 24,406,050 480,800 1,437,900 CITIGROUP INC COMMON 172967101 25,578 726,848 SH SOLE 636,765 90,083 CNA FINANCIAL CORP COMMON 126117100 18,907 738,550 SH SOLE 564,700 71,000 102,850 CNH GLOBAL N.V. COMMON N20935107 2,543 669,200 SH SOLE 669,200 0 COCA COLA CO COMMON 191216100 2,191 49,979 SH SOLE 39,933 10,046 COLGATE-PALMOLIVE CO COMMON 194162103 671 12,800 SH SOLE 12,800 0 COMCAST CORP CL A COMMON 20030N101 879,837 37,328,678 SH SOLE 34,281,861 801,338 2,245,478 COMCAST CORP(NEW) SPECIAL CL COMMON 20030N200 497 22,000 SH SOLE 22,000 0 COMPUTER ASSOC INTL INC COMMON 204912109 390 28,900 SH SOLE 28,900 0 COMPUTER SCIENCES CORP COMMON 205363104 338,966 9,839,357 SH SOLE 9,170,457 157,300 511,600 COMPUWARE CORP COMMON 205638109 223,894 46,644,528 SH SOLE 42,820,128 927,200 2,897,200 CONOCOPHILLIPS COMMON 20825C104 761,662 15,740,064 SH SOLE 14,515,573 319,700 904,791 CONSOLIDATED EDISON INC COMMON 209115104 241 5,626 SH SOLE 5,626 0 CORNING INC COMMON 219350105 413,009 124,776,042 SH SOLE 115,254,894 2,467,500 7,053,648 CVS CORP COMMON 126650100 405 16,200 SH SOLE 13,800 2,400 DEERE & CO COMMON 244199105 20,738 452,292 SH SOLE 402,117 50,175 DELPHI CORP COMMON 247126105 361,438 44,899,111 SH SOLE 41,626,350 852,474 2,420,287 DILLARD'S INC CLASS A COMMON 254067101 136,924 8,633,305 SH SOLE 8,011,555 161,600 460,150 DOLE FOOD CO. INC. COMMON 256605106 1,932 59,300 SH SOLE 51,200 8,100 DOMINION RESOURCES INC VA COMMON 25746U109 1,077 19,624 SH SOLE 16,242 3,382 DOW CHEMICAL CO COMMON 260543103 986,922 33,229,693 SH SOLE 30,736,059 604,835 1,888,799 DOW JONES & CO COMMON 260561105 754 17,450 SH SOLE 16,050 1,400 DUKE ENERGY CORP COMMON 264399106 1,390 71,132 SH SOLE 71,132 0 E I DU PONT DE NEMOURS & CO COMMON 263534109 5,540 130,660 SH SOLE 121,960 8,700 EASTMAN CHEMICAL CO COMMON 277432100 245,963 6,689,235 SH SOLE 6,145,675 132,500 411,060 EASTMAN KODAK CO COMMON 277461109 437,928 12,497,953 SH SOLE 11,519,453 245,800 732,700 ELECTRONIC DATA SYSTEMS COMMON 285661104 82,855 4,495,669 SH SOLE 4,046,169 95,300 354,200 ELI LILLY & CO COMMON 532457108 6,895 108,585 SH SOLE 98,429 10,156 EMERSON ELECTRIC CO COMMON 291011104 328 6,450 SH SOLE 850 5,600 ENCANA CORP COMMON 292505104 4,302 138,316 SH SOLE 113,115 25,201 ENGELHARD CORP COMMON 292845104 196,541 8,793,782 SH SOLE 7,991,682 188,300 613,800 EQUITY OFFICE PROPERTIES TRUS COMMON 294741103 567,844 22,731,943 SH SOLE 21,089,293 423,000 1,219,650 EQUITY RESIDENTIAL SH BEN 29476L107 333,401 13,563,900 SH SOLE 12,550,900 266,000 747,000 EXELON CORPORATION COMMON 30161N101 1,018 19,287 SH SOLE 18,325 962 EXXON MOBIL CORPORATION COMMON 30231G102 25,263 723,029 SH SOLE 696,773 26,256 FANNIE MAE COMMON 313586109 357 5,550 SH SOLE 5,550 0 FEDEX CORP COMMON 31428X106 845,961 15,602,377 SH SOLE 14,326,885 322,200 953,292 FIAT SPA - SPONS ADR COMMON 315621888 268,008 33,711,663 SH SOLE 31,306,163 612,800 1,792,700 FIRST HEALTH GROUP CORP COMMON 320960107 1,815 74,553 SH SOLE 57,853 16,700 FIRST MIDWEST BANCORP INC COMMON 320867104 335 12,534 SH SOLE 12,534 0 FIRST VIRGINIA BANKS INC COMMON 337477103 260 6,974 SH SOLE 6,974 0 FLEET BOSTON FINANCIAL CORP COMMON 339030108 4,750 195,485 SH SOLE 172,406 23,079 FLUOR CORP (NEW) COMMON 343412102 293,282 10,474,365 SH SOLE 9,948,915 192,400 333,050 FORD MOTOR CO COMMON 345370860 138,004 14,839,174 SH SOLE 13,808,225 251,069 779,880 FPL GROUP INC COMMON 302571104 5,928 98,583 SH SOLE 88,191 10,392 GENERAL ELECTRIC CO COMMON 369604103 17,314 711,031 SH SOLE 636,112 74,919 GENERAL MILLS INC COMMON 370334104 470 10,000 SH SOLE 8,800 1,200 GENERAL MOTORS CORP COMMON 370442105 1,031 27,981 SH SOLE 25,281 2,700 GENUINE PARTS CO COMMON 372460105 648,390 21,051,621 SH SOLE 19,342,759 400,900 1,307,962 GLAXOSMITHKLINE PLC ADR COMMON 37733W105 3,299 88,077 SH SOLE 64,889 23,188 GOLDEN WEST FINANCIAL CORP COMMON 381317106 887,115 12,353,648 SH SOLE 11,428,640 226,000 699,008 HALLIBURTON CO COMMON 406216101 788 42,100 SH SOLE 38,600 3,500 HARTFORD FINANCIAL SVCS GRP COMMON 416515104 824 18,146 SH SOLE 11,646 6,500 HCA INC COMMON 404119109 490,688 11,823,819 SH SOLE 11,041,619 225,700 556,500 HEWLETT PACKARD CO COMMON 428236103 845,134 48,682,850 SH SOLE 44,970,665 948,512 2,763,673 HOME DEPOT INC COMMON 437076102 313 13,017 SH SOLE 9,867 3,150 HONDA MOTOR CO LTD - SPON ADR COMMON 438128308 2,816 155,900 SH SOLE 155,900 0 HONEYWELL INTERNATIONAL INC COMMON 438516106 2,442 101,740 SH SOLE 93,865 7,875 INGERSOLL RAND CO LTD CLASS A COMMON G4776G101 835 19,392 SH SOLE 15,292 4,100 INTEL CORP COMMON 458140100 268 17,214 SH SOLE 17,214 0 INTERNATIONAL BUSINESS MCH CO COMMON 459200101 27,871 359,620 SH SOLE 307,461 52,159 INTERNATIONAL PAPER CO COMMON 460146103 297,277 8,500,921 SH SOLE 7,872,821 159,100 469,000 INTL FLAVORS & FRAGRANCES INC COMMON 459506101 1,002 28,560 SH SOLE 28,560 0 ITT INDUSTRIES COMMON 450911102 202 3,323 SH SOLE 2,323 1,000 JOHNSON & JOHNSON COMMON 478160104 4,854 90,374 SH SOLE 77,962 12,412 KIMBERLY CLARK CORP COMMON 494368103 793 16,706 SH SOLE 16,706 0 KOOKMIN BANK-SPON ADR COMMON 50049M109 1,874 53,000 SH SOLE 53,000 0 KT CORP-SP ADR COMMON 48268K101 1,401 65,000 SH SOLE 65,000 0 LOCKHEED MARTIN CORP COMMON 539830109 2,711 46,950 SH SOLE 35,500 11,450 LOEWS CORP COMMON 540424108 594,338 13,367,917 SH SOLE 12,615,267 207,900 544,750 LUBRIZOL CORP COMMON 549271104 75,830 2,486,221 SH SOLE 2,225,971 44,000 216,250 MARSH & MCLENNAN CO COMMON 571748102 1,639 35,474 SH SOLE 35,474 0 MASCO CORP COMMON 574599106 334,388 15,885,420 SH SOLE 14,602,070 278,300 1,005,050 MATSUSHITA ELEC IND ADR COMMON 576879209 350,105 36,469,286 SH SOLE 33,803,186 710,300 1,955,800 MAY DEPT STORES CO COMMON 577778103 627,219 27,294,112 SH SOLE 25,288,412 515,700 1,490,000 MBIA INC COMMON 55262C100 145,898 3,326,446 SH SOLE 3,141,128 57,250 128,068 MC DONALDS CORP COMMON 580135101 588,450 36,595,126 SH SOLE 33,958,944 674,500 1,961,682 MC GRAW-HILL COMPANIES INC COMMON 580645109 713 11,800 SH SOLE 4,800 7,000 MEDTRONIC INC COMMON 585055106 821 18,000 SH SOLE 16,400 1,600 MELLON FINANCIAL CORP COMMON 58551A108 3,230 123,700 SH SOLE 106,400 17,300 MERCK & CO INC COMMON 589331107 7,433 131,295 SH SOLE 123,129 8,166 MITSUBISHI TOKYO FINANCIAL GR COMMON 606816106 1,312 245,200 SH SOLE 245,200 0 MORGAN (J P) CHASE & CO COMMON 46625H100 3,527 146,943 SH SOLE 117,713 29,230 MORGAN STANLEY COMMON 617446448 202 5,052 SH SOLE 5,052 0 MOTOROLA INC COMMON 620076109 4,038 466,804 SH SOLE 415,954 50,850 NATIONAL SEMICONDUCTOR CORP COMMON 637640103 504 33,565 SH SOLE 26,900 6,665 NCR CORP COMMON 62886E108 276,644 11,653,069 SH SOLE 10,864,688 192,800 595,581 NEWS CORP LTD SPONS ADR PRF PFD 652487802 864,833 38,182,467 SH SOLE 35,363,717 746,700 2,072,050 NISOURCE INC COMMON 65473P105 566 28,300 SH SOLE 18,300 10,000 NORDSTROM INC COMMON 655664100 345,980 18,238,247 SH SOLE 16,632,347 376,600 1,229,300 NORFOLK SOUTHERN CORP COMMON 655844108 1,050 52,516 SH SOLE 52,516 0 NORSK HYDRO A/S SPONS ADR COMMON 656531605 3,215 72,400 SH SOLE 72,400 0 NOVA CHEMICALS CORP COMMON 66977W109 171,782 9,386,993 SH SOLE 8,714,603 165,240 507,150 OCCIDENTAL PETROLEUM CORP COMMON 674599105 650,681 22,871,051 SH SOLE 21,155,651 434,300 1,281,100 PARKER-HANNIFIN CORP COMMON 701094104 1,428 30,960 SH SOLE 25,710 5,250 PENNEY (J C) CO COMMON 708160106 445 19,340 SH SOLE 18,940 400 PEPSICO INC COMMON 713448108 723 17,120 SH SOLE 16,320 800 PETRO-CANADA COMMON 71644E102 731 23,500 SH SOLE 23,500 0 PETROLEO BRASILEIRO S.A. - AD PFD 71654V101 2,462 183,700 SH SOLE 183,700 0 PFIZER INC COMMON 717081103 6,620 216,555 SH SOLE 163,400 53,155 PHARMACIA CORP COMMON 71713U102 326,871 7,819,873 SH SOLE 7,294,375 129,100 396,398 PHILIP MORRIS COMPANIES INC COMMON 718154107 2,253 55,600 SH SOLE 49,300 6,300 PITNEY BOWES INC COMMON 724479100 257,060 7,870,776 SH SOLE 7,248,426 154,000 468,350 PNC FINANCIAL SERVICES GROUP COMMON 693475105 3,666 87,489 SH SOLE 85,489 2,000 PRAXAIR INC COMMON 74005P104 347 6,000 SH SOLE 6,000 0 PROCTER & GAMBLE CO COMMON 742718109 22,578 262,719 SH SOLE 237,094 25,625 PROGRESS ENERGY INC COMMON 743263105 1,838 42,400 SH SOLE 34,900 7,500 PRUDENTIAL FINANCIAL INC. COMMON 744320102 145,297 4,577,711 SH SOLE 4,577,711 0 R R DONNELLEY & SONS CO COMMON 257867101 323,354 14,853,200 SH SOLE 13,641,120 282,200 929,880 RIO TINTO PLC-SPON ADR COMMON 767204100 620,093 7,796,974 SH SOLE 7,215,034 152,200 429,740 ROHM & HAAS COMMON 775371107 381,145 11,734,772 SH SOLE 10,840,172 228,700 665,900 ROYAL DUTCH PETROLEUM CO COMMON 780257804 10,565 240,014 SH SOLE 223,914 16,100 SAFECO CORP COMMON 786429100 1,103 31,804 SH SOLE 31,804 0 SBC COMMUNICATIONS, INC COMMON 78387G103 4,460 164,514 SH SOLE 152,756 11,758 SCHERING-PLOUGH CORP COMMON 806605101 913,924 41,167,752 SH SOLE 38,040,016 769,100 2,358,636 SCHLUMBERGER LTD COMMON 806857108 3,889 92,402 SH SOLE 84,902 7,500 SCOTTISH POWER & LIGHT PLC AD COMMON 81013T705 82,910 3,617,353 SH SOLE 3,310,453 97,500 209,400 SIGMA-ALDRICH CORP COMMON 826552101 1,071 22,000 SH SOLE 22,000 0 SIX CONTINENTS PLC- SPON ADR COMMON 830018107 295,997 36,999,600 SH SOLE 34,286,500 726,400 1,986,700 SOLUTIA INC COMMON 834376105 43 11,845 SH SOLE 10,497 1,348 SONY CORP ADR COMMON 835699307 374,776 9,072,272 SH SOLE 8,408,472 180,900 482,900 ST PAUL COMPANIES INC COMMON 792860108 534,269 15,690,706 SH SOLE 14,519,022 286,100 885,584 STATE STREET CORP COMMON 857477103 936 24,000 SH SOLE 24,000 0 STOLT OFFSHORE SA - ADR COMMON 861567105 1,284 897,600 SH SOLE 897,600 0 STORAGE TECHNOLOGY COMMON 862111200 269,075 12,561,858 SH SOLE 11,635,858 236,200 689,800 SUNTRUST BANKS INC COMMON 867914103 314 5,516 SH SOLE 5,516 0 SYNGENTA AG - ADR COMMON 87160A100 163,014 14,150,500 SH SOLE 13,035,000 296,700 818,800 SYSCO CORP COMMON 871829107 620 20,804 SH SOLE 7,654 13,150 TARGET CORP COMMON 87612E106 26,696 889,863 SH SOLE 747,998 141,865 TECO ENERGY INC COMMON 872375100 302 19,500 SH SOLE 16,800 2,700 TEXAS INSTRUMENTS INC COMMON 882508104 1,873 124,755 SH SOLE 63,955 60,800 THE GAP INC COMMON 364760108 342,962 22,098,050 SH SOLE 20,474,550 435,500 1,188,000 THERMO ELECTRON COMMON 883556102 375,552 18,665,624 SH SOLE 17,329,224 341,800 994,600 TORCHMARK CORP COMMON 891027104 411,251 11,257,884 SH SOLE 10,426,984 231,000 599,900 TRAVELERS PROPERTY CASUALTY C COMMON 89420G109 289 19,741 SH SOLE 17,443 2,298 TRAVELERS PROPERTY CASUALTY C COMMON 89420G406 595 40,624 SH SOLE 35,896 4,728 TRIBUNE CO NEW COMMON 896047107 2,822 62,070 SH SOLE 59,443 2,627 TXU CORP COMMON 873168108 165,073 8,836,867 SH SOLE 8,221,922 151,300 463,645 ULTRAPAR PARTICPACEOS SPON AD PFD 90400P101 2,302 342,000 SH SOLE 342,000 0 UNIBANCO SPONSORED GDR PFD 90458E107 2,775 253,400 SH SOLE 253,400 0 UNILEVER NV COMMON 904784709 313,365 5,078,024 SH SOLE 4,653,734 123,600 300,690 UNION PACIFIC CORP COMMON 907818108 624,189 10,425,734 SH SOLE 9,571,147 210,300 644,287 UNIONBANCAL CORPORATION COMMON 908906100 447 11,370 SH SOLE 11,370 0 UNITED TECHNOLOGIES CORP COMMON 913017109 2,325 37,543 SH SOLE 31,127 6,416 UNOCAL CORP COMMON 915289102 627,952 20,534,719 SH SOLE 18,931,569 391,500 1,211,650 UNOVA, INC. COMMON 91529B106 18,285 3,047,456 SH SOLE 2,771,706 37,100 238,650 UNUMPROVIDENT CORP COMMON 91529Y106 287,365 16,383,381 SH SOLE 15,163,381 306,400 913,600 US BANCORP (NEW) COMMON 902973304 406 19,132 SH SOLE 17,350 1,782 V F CORP COMMON 918204108 287,657 7,979,399 SH SOLE 7,293,549 198,900 486,950 VERIZON COMMUNICATIONS COMMON 92343V104 1,543 39,820 SH SOLE 35,186 4,634 VODAFONE GROUP PLC-SP ADR COMMON 92857W100 291 16,055 SH SOLE 16,055 0 WACHOVIA CORP COMMON 929903102 675,184 18,528,638 SH SOLE 16,995,138 404,800 1,128,700 WAL-MART STORES INC COMMON 931142103 554 10,968 SH SOLE 8,368 2,600 WALGREEN CO COMMON 931422109 706 24,180 SH SOLE 24,180 0 WALT DISNEY CO COMMON 254687106 414 25,371 SH SOLE 14,076 11,295 WASHINGTON MUTUAL INC COMMON 939322103 698 20,202 SH SOLE 20,202 0 WELLPOINT HEALTH NETWORKS INC COMMON 94973H108 266,325 3,742,626 SH SOLE 3,430,626 85,900 226,100 WELLS FARGO & CO COMMON 949746101 302,555 6,455,195 SH SOLE 5,831,354 136,600 487,241 WEYERHAEUSER CO COMMON 962166104 9,723 197,576 SH SOLE 181,967 15,609 WHIRLPOOL CORP COMMON 963320106 472,434 9,046,990 SH SOLE 8,352,540 153,500 540,950 WISCONSIN ENERGY CORP COMMON 976657106 10,989 436,054 SH SOLE 400,854 5,300 29,900 WYETH COMMON 983024100 221,730 5,928,607 SH SOLE 5,578,207 100,100 250,300 XEROX CORP COMMON 984121103 782,184 97,165,757 SH SOLE 89,508,057 1,962,900 5,694,800 XL CAPITAL LTD COMMON G98255105 548 7,096 SH SOLE 7,096 0 3M CO COMMON 88579Y101 11,180 90,674 SH SOLE 84,974 5,700