Dodge & Cox Amends Incyte Corp. (INCY) Stake

TL;DR

**Dodge & Cox updated their Incyte (INCY) holdings, signaling a potential shift in institutional interest.**

AI Summary

Dodge & Cox, a California-based investment firm, filed an amended Schedule 13G/A on February 13, 2024, indicating their ownership of Incyte Corporation's common stock as of December 31, 2023. This filing is an amendment (Amendment No. 2), suggesting a change in their previously reported holdings. For investors, this matters because large institutional ownership changes can signal shifts in confidence or strategy regarding Incyte's future performance.

Why It Matters

Institutional filings like this can influence market sentiment and stock prices, as large investors often have significant research capabilities.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently indicate high risk.

Analyst Insight

Investors should monitor subsequent filings from Dodge & Cox or other major institutions to understand the magnitude and direction of any changes in their Incyte holdings, which could signal a shift in institutional confidence.

Key Players & Entities

• Dodge & Cox (company) — the reporting person and investment firm
• Incyte Corporation (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A

FAQ

Filing Documents

• d751894dsc13ga.htm (SC 13G/A) — 36KB
• 0001193125-24-033422.txt ( ) — 38KB

From the Filing

SC 13G/A 1 d751894dsc13ga.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. 2 )* INCYTE CORPORATION (Name of Issuer) Common Stock (Title of Class of Securities) 45337C102 (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. 45337C102 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 15,037,847 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 16,090,421 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,090,421 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 7.2% 12 TYPE OF REPORTING PERSON* IA PAGE 2 OF 5 PAGES Item1(a) Name of Issuer : INCYTE CORPORATION Item1(b) Address of Issuers Principal Executive Offices : 1801 Augustine Cut-Off Wilmington, Delaware 19803 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 : Common Stock Item2(e) CUSIP Number : 45337C102 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 : 16,090,421 (b) Percent of Class : 7.2% PAGE 3 OF 5 PAGES (c) Number of shares as to which such person has : (i) sole power to vote or direct the vote: 15,037,847 (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 16,090,421 (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, INCYTE CORPORATION. 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