13F-HR 1 d13fhr.txt FORM 13F-HR DATED 6/30/2002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/02 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 08/08/02 -------------------------- ------------------------------ ------------------- [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: 217 --------------- Form 13F Information Table Value Total: 32,940,243,995 --------------- (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 720 19,122 SH SOLE 18,462 660 ADOBE SYSTEMS INC COMMON 00724F101 245 8,600 SH SOLE 5,200 3,400 AETNA INC - NEW COMMON 00817Y108 502 10,462 SH SOLE 10,462 0 AGILENT TECHNOLOGIES INC COMMON 00846U101 2,729 115,379 SH SOLE 98,425 16,954 AIR PRODUCTS & CHEMICALS INC COMMON 009158106 5,645 111,850 SH SOLE 94,900 16,950 AKZO NOBEL NV - SPON ADR COMMON 010199305 470,232 10,809,940 SH SOLE 10,127,740 228,500 453,700 ALCOA INC COMMON 013817101 411,770 12,421,404 SH SOLE 11,409,504 237,000 774,900 ALLSTATE CORP COMMON 020002101 446 12,062 SH SOLE 12,062 0 AMERADA HESS CORP COMMON 023551104 615,231 7,457,350 SH SOLE 6,814,800 176,700 465,850 AMEREN CORP COMMON 023608102 375,587 8,732,556 SH SOLE 8,056,746 192,500 483,310 AMERICAN ELEC POWER CO INC COMMON 025537101 337,213 8,426,102 SH SOLE 7,783,741 161,020 481,341 AMERICAN EXPRESS COMPANY COMMON 025816109 29,578 814,362 SH SOLE 735,676 78,686 AMERICAN INTERNATIONAL GROUP COMMON 026874107 8,820 129,272 SH SOLE 82,876 46,396 AMSOUTH BANCORPORATION COMMON 032165102 474 21,181 SH SOLE 21,181 0 ANADARKO PETROLEUM CORP COMMON 032511107 9,316 188,962 SH SOLE 166,462 22,500 ANHEUSER-BUSCH COS INC COMMON 035229103 228 4,552 SH SOLE 4,552 0 AOL TIME WARNER INC COMMON 00184A105 291 19,800 SH SOLE 19,800 0 AON CORP COMMON 037389103 325 11,024 SH SOLE 11,024 0 ARCHER-DANIELS MIDLAND COMMON 039483102 377,888 29,545,558 SH SOLE 26,863,819 646,822 2,034,917 AT&T CORP COMMON 001957109 1,171,792 109,513,287 SH SOLE 100,728,487 2,426,000 6,358,800 AVAYA INC COMMON 053499109 196,335 39,663,566 SH SOLE 36,750,566 820,200 2,092,800 AVERY DENNISON CORP COMMON 053611109 402 6,400 SH SOLE 6,400 0 BAKER HUGHES INC COMMON 057224107 332,553 9,989,562 SH SOLE 9,143,202 232,900 613,460 BANCO LATINOAMERICANO EXPORTA COMMON P16994132 1,846 147,100 SH SOLE 147,100 BANK OF AMERICA CORP COMMON 060505104 380,308 5,405,178 SH SOLE 4,902,653 128,597 373,928 BANK OF NEW YORK INC COMMON 064057102 784 23,220 SH SOLE 20,340 2,880 BANK ONE CORP COMMON 06423A103 935,948 24,322,970 SH SOLE 22,275,308 576,400 1,471,262 BAUSCH & LOMB COMMON 071707103 172,491 5,095,760 SH SOLE 4,659,810 120,800 315,150 BAXTER INTERNATIONAL INC COMMON 071813109 903 20,314 SH SOLE 20,314 0 BECTON DICKINSON & CO COMMON 075887109 294,416 8,546,175 SH SOLE 7,742,675 190,700 612,800 BELLSOUTH CORP COMMON 079860102 786 24,938 SH SOLE 22,118 2,820 BERKSHIRE HATHAWAY INC DEL COMMON 084670108 334 5 SH SOLE 2 3 BERKSHIRE HATHAWAY, INC CLASS COMMON 084670207 5,194 2,325 SH SOLE 1,798 527 BOEING CO COMMON 097023105 2,353 52,298 SH SOLE 52,298 0 BOISE CASCADE CORP COMMON 097383103 145,212 4,205,399 SH SOLE 3,811,210 84,500 309,689 BP PLC SPONS ADR COMMON 055622104 15,216 301,370 SH SOLE 278,218 23,152 BRISTOL-MYERS SQUIBB CO COMMON 110122108 2,391 93,016 SH SOLE 70,796 22,220 BURLINGTON RESOURCES, INC. COMMON 122014103 222 5,838 SH SOLE 5,838 0 C S X CORP COMMON 126408103 771 22,000 SH SOLE 22,000 0 CADENCE DESIGN SYSTEM INC COMMON 127387108 234 14,500 SH SOLE 14,500 0 CANADIAN NATL RAILWAY CO COMMON 136375102 513 9,900 SH SOLE 9,900 0 CANADIAN PACIFIC RAILWAY LTD COMMON 13645T100 114,537 4,671,159 SH SOLE 4,261,834 99,300 310,025 CARDINAL HEALTH INC COMMON 14149Y108 660 10,744 SH SOLE 7,494 3,250 CATELLUS DEVELOPMENT CORP COMMON 149111106 919 45,000 SH SOLE 45,000 0 CATERPILLAR INC COMMON 149123101 325,443 6,648,482 SH SOLE 6,120,582 129,400 398,500 CHEVRONTEXACO CORP COMMON 166764100 655,345 7,405,033 SH SOLE 6,788,247 163,900 452,886 CHUBB CORP COMMON 171232101 211,438 2,986,406 SH SOLE 2,694,206 77,200 215,000 CIGNA CORP COMMON 125509109 15,157 155,583 SH SOLE 143,897 11,686 CISCO SYSTEMS COMMON 17275R102 1,671 119,768 SH SOLE 119,768 0 CITIGROUP INC COMMON 172967101 29,796 768,926 SH SOLE 676,976 91,950 CNA FINANCIAL CORP COMMON 126117100 16,030 604,900 SH SOLE 537,950 56,000 10,950 CNH GLOBAL N.V. COMMON N20935107 1,810 449,200 SH SOLE 449,200 COCA COLA CO COMMON 191216100 2,562 45,743 SH SOLE 35,583 10,160 COLGATE-PALMOLIVE CO COMMON 194162103 641 12,800 SH SOLE 12,800 0 COMCAST CORP SPECIAL CL A COMMON 200300200 389 16,300 SH SOLE 16,300 0 COMPUTER ASSOC INTL INC COMMON 204912109 459 28,900 SH SOLE 28,900 0 COMPUTER SCIENCES CORP COMMON 205363104 334,643 7,000,892 SH SOLE 6,459,492 141,200 400,200 COMPUWARE CORP COMMON 205638109 237,281 39,090,814 SH SOLE 36,596,314 582,400 1,912,100 CONOCO INC COMMON 208251504 2,529 90,980 SH SOLE 90,980 0 CONSOLIDATED EDISON INC COMMON 209115104 235 5,626 SH SOLE 5,626 0 CORNING INC COMMON 219350105 515 145,142 SH SOLE 117,094 28,048 CVS CORP COMMON 126650100 557 18,200 SH SOLE 15,800 2,400 DEERE & CO COMMON 244199105 503,594 10,513,438 SH SOLE 9,564,713 233,100 715,625 DELPHI CORP COMMON 247126105 431,565 32,694,327 SH SOLE 30,304,638 673,174 1,716,515 DILLARD'S INC CLASS A COMMON 254067101 170,593 6,488,886 SH SOLE 5,877,336 161,600 449,950 DOLE FOOD CO. INC. COMMON 256605106 7,688 266,478 SH SOLE 246,678 19,800 DOMINION RESOURCES INC VA COMMON 25746U109 1,299 19,624 SH SOLE 16,242 3,382 DOW CHEMICAL CO COMMON 260543103 990,266 28,803,558 SH SOLE 26,523,276 590,335 1,689,947 DOW JONES & CO COMMON 260561105 1,272 26,250 SH SOLE 24,450 1,800 DUKE ENERGY CORP COMMON 264399106 2,005 64,466 SH SOLE 64,466 0 E I DU PONT DE NEMOURS & CO COMMON 263534109 5,852 131,808 SH SOLE 123,108 8,700 EASTMAN CHEMICAL CO COMMON 277432100 356,609 7,603,611 SH SOLE 6,986,601 148,900 468,110 EASTMAN KODAK CO COMMON 277461109 325,552 11,160,520 SH SOLE 10,328,920 229,800 601,800 EL PASO CORPORATION COMMON 28336L109 1,384 67,173 SH SOLE 55,873 11,300 ELECTRONIC DATA SYSTEMS COMMON 285661104 1,961 52,794 SH SOLE 49,094 3,700 ELI LILLY & CO COMMON 532457108 7,619 135,085 SH SOLE 124,929 10,156 EMBRATEL PARTICIPACOES ADR PFD 29081N100 181 452,600 SH SOLE 452,600 EMERSON ELECTRIC CO COMMON 291011104 345 6,450 SH SOLE 850 5,600 ENCANA CORP COMMON 292505104 6,151 200,998 SH SOLE 152,142 48,856 ENGELHARD CORP COMMON 292845104 215,851 7,621,850 SH SOLE 6,867,850 198,900 555,100 EQUITY OFFICE PROPERTIES TRUS COMMON 294741103 533,205 17,714,443 SH SOLE 16,291,593 423,000 999,850 EQUITY RESIDENTIAL COMMON 29476L107 333,204 11,589,700 SH SOLE 10,709,400 266,000 614,300 ERICSSON (LM) TEL'B'ADR COMMON 294821400 60 42,000 SH SOLE 42,000 0 EXELON CORPORATION COMMON 30161N101 1,009 19,287 SH SOLE 18,325 962 EXXON MOBIL CORPORATION COMMON 30231G102 30,095 735,469 SH SOLE 709,013 26,456 FEDEX CORP COMMON 31428X106 789,435 14,783,433 SH SOLE 13,564,541 322,200 896,692 FIAT SPA - SPONS ADR COMMON 315621888 353,052 28,020,039 SH SOLE 25,590,339 598,500 1,831,200 FIRST HEALTH GROUP CORP COMMON 320960107 3,013 107,453 SH SOLE 90,753 16,700 FIRST MIDWEST BANCORP INC COMMON 320867104 348 12,534 SH SOLE 12,534 0 FIRST VIRGINIA BANKS INC COMMON 337477103 260 4,850 SH SOLE 4,850 0 FLEET BOSTON FINANCIAL CORP COMMON 339030108 6,798 210,152 SH SOLE 185,773 24,379 FLUOR CORP (NEW) COMMON 343412102 259,233 6,655,528 SH SOLE 6,338,928 117,300 199,300 FORD MOTOR CO COMMON 345370860 184,319 11,519,959 SH SOLE 10,634,063 251,069 634,827 FPL GROUP INC COMMON 302571104 7,432 123,894 SH SOLE 110,802 13,092 GALLAGHER (ARTHUR J) & CO COMMON 363576109 225 6,500 SH SOLE 6,500 0 GENERAL ELECTRIC CO COMMON 369604103 20,122 692,667 SH SOLE 613,397 79,270 GENERAL MILLS INC COMMON 370334104 555 12,600 SH SOLE 11,400 1,200 GENERAL MOTORS CORP COMMON 370442105 2,008 37,564 SH SOLE 34,864 2,700 GENUINE PARTS CO COMMON 372460105 651,816 18,692,745 SH SOLE 17,047,133 410,600 1,235,012 GILLETTE COMPANY COMMON 375766102 245 7,232 SH SOLE 7,232 0 GLAXOSMITHKLINE PLC ADR COMMON 37733W105 3,990 92,499 SH SOLE 68,889 23,610 GOLDEN WEST FINANCIAL CORP COMMON 381317106 953,037 13,856,304 SH SOLE 12,666,279 307,700 882,325 GUIDANT CORP COMMON 401698105 218 7,200 SH SOLE 7,200 0 HALLIBURTON CO COMMON 406216101 728 45,700 SH SOLE 42,200 3,500 HARTFORD FINANCIAL SVCS GRP COMMON 416515104 1,793 30,146 SH SOLE 23,646 6,500 HCA INC COMMON 404119109 277,962 5,851,836 SH SOLE 5,498,486 101,900 251,450 HEWLETT PACKARD CO COMMON 428236103 628,320 41,120,437 SH SOLE 37,819,751 840,612 2,460,074 HONDA MOTOR CO LTD - SPON ADR COMMON 438128308 940 45,400 SH SOLE 45,400 HONEYWELL INTERNATIONAL INC COMMON 438516106 3,569 101,302 SH SOLE 93,427 7,875 INGERSOLL RAND CO LTD CLASS A COMMON G4776G101 2,235 48,942 SH SOLE 42,842 6,100 INTERNATIONAL BUSINESS MCH CO COMMON 459200101 27,404 380,616 SH SOLE 327,457 53,159 INTERNATIONAL PAPER CO COMMON 460146103 386,067 8,858,800 SH SOLE 8,089,250 214,300 555,250 INTL FLAVORS & FRAGRANCES INC COMMON 459506101 1,337 41,160 SH SOLE 41,160 0 ITT INDUSTRIES COMMON 450911102 336 4,765 SH SOLE 3,765 1,000 JOHNSON & JOHNSON COMMON 478160104 4,421 84,595 SH SOLE 72,183 12,412 KIMBERLY CLARK CORP COMMON 494368103 1,287 20,756 SH SOLE 20,756 0 KOOKMIN BANK-SPON ADR COMMON 50049M109 1,081 22,000 SH SOLE 22,000 KROGER CO COMMON 501044101 854 42,900 SH SOLE 42,900 0 LOCKHEED MARTIN CORP COMMON 539830109 8,642 124,350 SH SOLE 105,900 18,450 LOEWS CORP COMMON 540424108 569,149 10,740,683 SH SOLE 9,997,483 207,900 535,300 LUBRIZOL CORP COMMON 549271104 82,692 2,468,421 SH SOLE 2,229,271 44,000 195,150 MARSH & MCLENNAN CO COMMON 571748102 1,716 17,769 SH SOLE 17,769 0 MASCO CORP COMMON 574599106 371,016 13,685,578 SH SOLE 12,450,728 291,300 943,550 MATSUSHITA ELEC IND ADR COMMON 576879209 380,201 27,491,000 SH SOLE 24,873,800 693,300 1,923,900 MAY DEPT STORES CO COMMON 577778103 614,569 18,662,892 SH SOLE 17,028,992 473,400 1,160,500 MBIA INC COMMON 55262C100 139,073 2,460,169 SH SOLE 2,309,169 52,250 98,750 MC DONALDS CORP COMMON 580135101 167,989 5,904,709 SH SOLE 5,402,527 146,100 356,082 MC GRAW-HILL COMPANIES INC COMMON 580645109 716 12,000 SH SOLE 5,000 7,000 MEDTRONIC INC COMMON 585055106 686 16,000 SH SOLE 14,400 1,600 MELLON FINANCIAL CORP COMMON 58551A108 4,516 143,700 SH SOLE 126,400 17,300 MERCK & CO INC COMMON 589331107 7,079 139,781 SH SOLE 131,615 8,166 MERRILL LYNCH & CO INC COMMON 590188108 441 10,900 SH SOLE 10,900 0 MITSUBISHI TOKYO FINANCIAL GR COMMON 606816106 1,769 260,200 SH SOLE 260,200 MORGAN (J P) CHASE & CO COMMON 46625H100 6,250 184,246 SH SOLE 155,016 29,230 MOTOROLA INC COMMON 620076109 8,425 577,475 SH SOLE 515,225 62,250 NATIONAL SEMICONDUCTOR CORP COMMON 637640103 1,233 42,265 SH SOLE 35,600 6,665 NCR CORP COMMON 62886E108 273,961 7,917,949 SH SOLE 7,346,218 158,800 412,931 NEWS CORP LTD SPONS ADR PRF PFD 652487802 627,779 31,786,289 SH SOLE 29,366,639 691,000 1,728,650 NISOURCE INC COMMON 65473P105 651 29,800 SH SOLE 18,800 11,000 NORDSTROM INC COMMON 655664100 363,492 16,048,206 SH SOLE 14,503,806 414,600 1,129,800 NORFOLK SOUTHERN CORP COMMON 655844108 1,415 60,516 SH SOLE 60,516 0 NORSK HYDRO A/S SPONS ADR COMMON 656531605 2,291 47,600 SH SOLE 47,600 NOVA CHEMICALS CORP COMMON 66977W109 165,405 7,338,286 SH SOLE 6,756,046 165,240 417,000 NOVARTIS AG-ADR COMMON 66987V109 1,626 37,100 SH SOLE 37,100 OCCIDENTAL PETROLEUM CORP COMMON 674599105 713,113 23,778,359 SH SOLE 21,636,809 553,400 1,588,150 PARKER-HANNIFIN CORP COMMON 701094104 1,523 31,860 SH SOLE 26,610 5,250 PENNEY (J C) CO COMMON 708160106 435 19,740 SH SOLE 19,340 400 PEPSICO INC COMMON 713448108 777 16,120 SH SOLE 15,320 800 PETRO-CANADA COMMON 71644E102 1,145 40,500 SH SOLE 40,500 PETROLEO BRASILEIRO S.A. - AD PFD 71654V101 1,756 100,900 SH SOLE 100,900 PFIZER INC COMMON 717081103 4,455 127,295 SH SOLE 93,530 33,765 PG&E CORPORATION COMMON 69331C108 375 20,986 SH SOLE 20,586 400 PHARMACIA CORP COMMON 71713U102 511,464 13,657,258 SH SOLE 12,737,260 261,400 658,598 PHILIP MORRIS COMPANIES INC COMMON 718154107 2,429 55,600 SH SOLE 49,300 6,300 PHILLIPS PETROLEUM CO COMMON 718507106 786,453 13,356,878 SH SOLE 12,233,077 307,600 816,201 PITNEY BOWES INC COMMON 724479100 253,489 6,381,909 SH SOLE 5,859,459 134,000 388,450 PNC FINANCIAL SERVICES GROUP COMMON 693475105 5,520 105,592 SH SOLE 102,492 3,100 PRAXAIR INC COMMON 74005P104 342 6,000 SH SOLE 6,000 0 PROCTER & GAMBLE CO COMMON 742718109 26,748 299,533 SH SOLE 270,371 29,162 PROGRESS ENERGY INC COMMON 743263105 2,434 46,800 SH SOLE 39,300 7,500 PRUDENTIAL FINANCIAL INC. COMMON 744320102 286,824 8,597,846 SH SOLE 8,526,596 29,600 41,650 QUALCOMM INC COMMON 747525103 270 9,832 SH SOLE 9,832 R R DONNELLEY & SONS CO COMMON 257867101 389,714 14,145,697 SH SOLE 12,958,017 282,200 905,480 RIO TINTO PLC-SPON ADR COMMON 767204100 550,053 7,433,146 SH SOLE 6,802,206 183,800 447,140 ROHM & HAAS COMMON 775371107 386,133 9,536,515 SH SOLE 8,666,665 271,700 598,150 ROYAL DUTCH PETROLEUM CO COMMON 780257804 14,473 261,856 SH SOLE 245,756 16,100 SAFECO CORP COMMON 786429100 982 31,804 SH SOLE 31,804 0 SBC COMMUNICATIONS, INC COMMON 78387G103 5,514 180,779 SH SOLE 169,021 11,758 SCHERING-PLOUGH CORP COMMON 806605101 754,865 30,685,588 SH SOLE 28,259,782 673,400 1,752,406 SCHLUMBERGER LTD COMMON 806857108 4,638 99,742 SH SOLE 89,242 10,500 SCOTTISH POWER & LIGHT PLC AD COMMON 81013T705 18,024 842,253 SH SOLE 751,153 91,100 SEARS ROEBUCK & CO COMMON 812387108 478 8,809 SH SOLE 8,809 0 SEMPRA ENERGY INC COMMON 816851109 333 15,038 SH SOLE 15,038 0 SIGMA-ALDRICH CORP COMMON 826552101 1,179 23,500 SH SOLE 23,500 0 SOLUTIA INC COMMON 834376105 100 14,216 SH SOLE 12,868 1,348 SONOCO PRODUCTS COMMON 835495102 346 12,200 SH SOLE 12,200 0 SONY CORP ADR COMMON 835699307 370,845 6,983,906 SH SOLE 6,338,006 180,900 465,000 ST PAUL COMPANIES INC COMMON 792860108 489,771 12,584,049 SH SOLE 11,583,215 274,100 726,734 STATE STREET CORP COMMON 857477103 1,073 24,000 SH SOLE 24,000 0 STOLT OFFSHORE SA - ADR COMMON 861567105 1,365 220,100 SH SOLE 220,100 STORAGE TECHNOLOGY COMMON 862111200 211,772 13,260,643 SH SOLE 12,253,743 269,200 737,700 SUNTRUST BANKS INC COMMON 867914103 374 5,516 SH SOLE 5,516 0 SYNGENTA AG - ADR COMMON 87160A100 151,591 12,466,400 SH SOLE 11,361,800 296,700 807,900 SYSCO CORP COMMON 871829107 673 24,729 SH SOLE 8,570 16,159 TARGET CORP COMMON 87612E106 39,396 1,034,014 SH SOLE 888,149 145,865 TECO ENERGY INC COMMON 872375100 527 21,300 SH SOLE 18,600 2,700 TEXAS INSTRUMENTS INC COMMON 882508104 4,947 208,755 SH SOLE 146,355 62,400 THE GAP INC COMMON 364760108 150,707 10,613,150 SH SOLE 9,627,950 304,300 680,900 THERMO ELECTRON COMMON 883556102 270,647 16,402,857 SH SOLE 15,249,857 308,800 844,200 TORCHMARK CORP COMMON 891027104 406,531 10,642,160 SH SOLE 9,840,060 231,000 571,100 TRIBUNE CO NEW COMMON 896047107 3,613 83,064 SH SOLE 80,437 2,627 TXU CORP COMMON 873168108 382,819 7,426,171 SH SOLE 6,776,926 166,000 483,245 ULTRAPAR PARTICPACEOS SPON AD PFD 90400P101 1,501 207,000 SH SOLE 207,000 UNIBANCO SPONSORED GDR PFD 90458E107 1,690 102,400 SH SOLE 102,400 UNILEVER NV COMMON 904784709 316,814 4,889,099 SH SOLE 4,448,059 126,400 314,640 UNION PACIFIC CORP COMMON 907818108 853,587 13,489,044 SH SOLE 12,342,457 303,800 842,787 UNIONBANCAL CORPORATION COMMON 908906100 533 11,370 SH SOLE 11,370 0 UNITED TECHNOLOGIES CORP COMMON 913017109 2,632 38,766 SH SOLE 32,350 6,416 UNOCAL CORP COMMON 915289102 661,597 17,910,033 SH SOLE 16,390,833 438,500 1,080,700 UNOVA, INC. COMMON 91529B106 20,713 3,191,467 SH SOLE 2,900,317 37,100 254,050 UNUMPROVIDENT CORP COMMON 91529Y106 325,041 12,771,759 SH SOLE 11,819,659 263,200 688,900 US BANCORP (NEW) COMMON 902973304 447 19,132 SH SOLE 17,350 1,782 V F CORP COMMON 918204108 297,808 7,595,210 SH SOLE 6,902,910 201,900 490,400 VERIZON COMMUNICATIONS COMMON 92343V104 1,894 47,172 SH SOLE 42,538 4,634 WACHOVIA CORP COMMON 929903102 627,962 16,447,416 SH SOLE 15,013,216 412,100 1,022,100 WAL-MART STORES INC COMMON 931142103 603 10,968 SH SOLE 9,568 1,400 WALT DISNEY CO COMMON 254687106 675 35,690 SH SOLE 23,895 11,795 WASHINGTON MUTUAL INC COMMON 939322103 885 23,847 SH SOLE 23,847 0 WELLPOINT HEALTH NETWORKS INC COMMON 94973H108 366,992 4,716,510 SH SOLE 4,275,110 118,100 323,300 WELLS FARGO & CO COMMON 949746101 326,192 6,516,014 SH SOLE 5,906,465 146,600 462,949 WEYERHAEUSER CO COMMON 962166104 17,907 280,449 SH SOLE 257,590 22,859 WHIRLPOOL CORP COMMON 963320106 472,330 7,226,589 SH SOLE 6,617,789 151,800 457,000 WISCONSIN ENERGY CORP COMMON 976657106 227,800 9,014,635 SH SOLE 8,242,185 203,800 568,650 WYETH COMMON 983024100 3,103 60,608 SH SOLE 58,808 1,800 XEROX CORP COMMON 984121103 617,487 88,592,123 SH SOLE 81,775,523 1,899,600 4,917,000 XL CAPITAL LTD COMMON G98255105 601 7,096 SH SOLE 7,096 0 3M CO COMMON 88579Y101 14,973 121,729 SH SOLE 115,329 6,400