Jan. 5, 2004 — The Dodge & Cox Stock Fund (DODGX) will close to new investors on January 16 to keep from getting too big to be manageable.

Investments in the fund in recent months have “accelerated” to the point where Dodge & Cox Funds believes it is in the best interest of shareholders “to slow the pace of cash flows,” the company said in a notice on its Web site.

The fund had about $25 billion in assets at the end of November last year, according to Standard & Poor’s data. Information on the fund’s size at the end of 2003 was not immediately available.

The fund took in about $7.9 billion last year through November and was the third best-selling fund over all to that point, according to Financial Research Corp.

The fund returned 32.3% last year, compared to a gain of 26.4% by the Standard & Poor’s 500 index.

Dodge & Cox added it will consider reopening the fund “in the future, as changing conditions may warrant.”