Dodge & Cox Amends Teck Resources Class B Share Ownership

TL;DR

**Dodge & Cox updated their Teck Resources Class B share ownership, signaling a potential shift in their investment thesis.**

AI Summary

Dodge & Cox, a prominent investment management firm, filed an amended SC 13G/A on February 13, 2024, indicating a change in their ownership of Teck Resources Ltd.'s Class B Subordinate Voting Shares as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant, though potentially adjusted, stake in the mining company. For investors, this matters because Dodge & Cox is a large institutional investor, and changes in their holdings can signal their updated confidence or strategy regarding Teck Resources, potentially influencing other investors.

Why It Matters

This filing shows a major institutional investor's updated position in Teck Resources, which can influence market perception and investor confidence in the stock.

Risk Assessment

Risk Level: low — This is a routine amendment by an institutional investor, not indicating any immediate or significant risk to the company or its shareholders.

Analyst Insight

Investors should note that a major institutional investor like Dodge & Cox is adjusting its position in Teck Resources. While the specific change in ownership percentage isn't detailed in the provided text, smart investors would look for the updated share count in the full filing to understand the magnitude of the change and consider if it aligns with their own investment thesis for Teck Resources.

Key Players & Entities

• Dodge & Cox (company) — the reporting person and institutional investor
• Teck Resources Ltd. (company) — the subject company whose securities are being reported
• Class B Subordinate Voting Shares (security_type) — the specific class of securities owned by Dodge & Cox
• December 31, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A amendment

FAQ

Filing Documents

• d742826dsc13ga.htm (SC 13G/A) — 36KB
• 0001193125-24-033468.txt ( ) — 38KB

From the Filing

SC 13G/A 1 d742826dsc13ga.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. 1 )* TECK RESOURCES LIMITED (Name of Issuer) Class B Subordinate Voting Shares (Title of Class of Securities) 878742204 (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. 878742204 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 17,738,140 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 18,313,640 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,313,640 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 3.6% 12 TYPE OF REPORTING PERSON* IA PAGE 2 OF 5 PAGES Item1(a) Name of Issuer : TECK RESOURCES LIMITED Item1(b) Address of Issuers Principal Executive Offices : Suite 3300 550 Burrard Street Vancouver, British Columbia, V6C 0B3 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 : Class B Subordinate Voting Shares Item2(e) CUSIP Number : 878742204 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 : 18,313,640 (b) Percent of Class : 3.6% PAGE 3 OF 5 PAGES (c) Number of shares as to which such person has : (i) sole power to vote or direct the vote: 17,738,140 (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 18,313,640 (iv) shared power to dispose or to direct the disposition of: 0 Item5 If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. Item6 Not applicable. 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: Chief Compliance Officer PAGE 5 OF 5 PAGES

View Full Filing

View this SC 13G/A filing on SEC EDGAR