Dodge & Cox Discloses 12.2% Stake in Fannie Mae (FNM)
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In a Schedule 13G filing on Fannie Mae (NYSE: FNM), Dodge & Cox disclosed a 12.2% stake (119,814,881 shares) in the company. At the quarter ended March 31, 2008, Dodge & Cox showed a 12,058,212 share stake in Fannie Mae. A 13G indicates a 'passive investment'.
Fannie Mae provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States.
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