Dodge & Cox Updates Passive Stake in Grupo Televisa (SC 13G/A)

TL;DR

**Dodge & Cox still holds Televisa shares, signaling continued institutional interest.**

AI Summary

Dodge & Cox, a prominent investment management firm, filed an Amendment No. 8 to its SC 13G filing on February 13, 2024, indicating its ownership of Grupo Televisa, S.A.B. securities as of December 31, 2023. This filing, under Rule 13d-1(b), updates their passive investment stake in the Mexican media giant. For investors, this matters because it shows a significant institutional investor continues to hold a position in Televisa, potentially signaling confidence in the company's long-term prospects, even if the specific percentage of ownership isn't detailed in this excerpt.

Why It Matters

This filing confirms that a major institutional investor, Dodge & Cox, maintains a passive investment in Grupo Televisa, which can influence investor sentiment and stock stability.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company control.

Analyst Insight

A smart investor would note Dodge & Cox's continued passive stake as a sign of institutional confidence, but would not make investment decisions solely based on this routine update. Further research into Grupo Televisa's financials and market position is warranted.

Key Numbers

• Amendment No. 8 — Filing Amendment Number (Indicates this is an update to a previously filed SC 13G by Dodge & Cox regarding Grupo Televisa.)
• Rule 13d-1(b) — Filing Rule (Designates that Dodge & Cox is a passive institutional investor, not seeking to influence control of Grupo Televisa.)

Key Players & Entities

• Dodge & Cox (company) — the reporting person and investment management firm
• Grupo Televisa, S.A.B. (company) — the issuer of the securities
• December 31, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A
• 40049J206 (other) — CUSIP Number for Grupo Televisa securities

Forward-Looking Statements

• Dodge & Cox will likely maintain a passive investment strategy in Grupo Televisa. (Dodge & Cox) — high confidence, target: Next 12 months
• Grupo Televisa's stock price will not see significant volatility directly due to this routine filing. (Grupo Televisa) — high confidence, target: Next 30 days

FAQ

Filing Documents

• d518543dsc13ga.htm (SC 13G/A) — 37KB
• 0001193125-24-033417.txt ( ) — 38KB

From the Filing

SC 13G/A 1 d518543dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 8 )* Grupo Televisa, S.A.B. (Name of Issuer) CPOS and Global Depositary Shares, which convert into CPOs (Title of Class of Securities) 40049J206 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). PAGE 1 OF 5 PAGES CUSIP NO. 40049J206 13G PAGE 2 OF 5 PAGES 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dodge & Cox 94-1441976 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)(b) N/A 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - U.S.A. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 3,080,680 CPOs and 61,754,390 Global Depositary Shares 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 3,080,680 CPOs and 64,405,090 Global Depositary Shares 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,080,680 CPOs and 64,405,090 Global Depositary Shares 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.7% 12 TYPE OF REPORTING PERSON* IA PAGE 2 OF 5 PAGES Item1(a) Name of Issuer : Grupo Televisa, S.A.B. Item1(b) Address of Issuers Principal Executive Offices : Av. Vasco de Quiroga No. 2000 Colonia Santa Fe 01210 Mexico Item2(a) Name of Person Filing : Dodge & Cox Item2(b) Address of the Principal Office or, if none, Residence : 555 California Street, 40th Floor San Francisco, CA 94104 Item2(c) Citizenship : California - U.S.A. Item2(d) Title of Class of Securities : CPOS and Global Depositary Shares, which convert into CPOs Item2(e) CUSIP Number : 40049J206 Item3 If the Statement is being filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a : (e) Investment Advisor registered under section 203 of the Investment Advisors Act of 1940 Item4 (a) Amount Beneficially Owned : 3,080,680 CPOs and 64,405,090 Global Depositary Shares (b) Percent of Class : 11.7% PAGE 3 OF 5 PAGES (c) Number of shares as to which such person has : (i) sole power to vote or direct the vote: 3,080,680 CPOs and 61,754,390 Global Depositary Shares (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 3,080,680 CPOs and 64,405,090 Global Depositary Shares (iv) shared power to dispose or to direct the disposition of: 0 Item5 Not applicable. Item6 The clients of Dodge & Cox, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, Grupo Televisa, S.A.B. Dodge & Cox International Stock Fund, an investment company registered under the Investment Company Act of 1940, has an interest of 46,380,780, or 8.3%, of the Global Depositary Shares reported herein. Item7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company : Not applicable. Item8 Identification and Classification of Members of the Group: Not applicable. Item9 Notice of Dissolution of a Group : Not applicable. Item10 Certification : By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. PAGE 4 OF 5 PAGES SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 2024 DODGE & COX By: /S/ Katherine M. Primas Name: Katherine M. Primas Title:

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View this SC 13G/A filing on SEC EDGAR