Institutional Holder Dodge & Cox Owns 35M IFF Shares (13.7%)

Rhea-AI Filing Summary

Dodge & Cox reports a material institutional holding in International Flavors & Fragrances (IFF). The firm beneficially owns 35,047,387 shares, equal to 13.7% of IFF's common stock. Dodge & Cox reports sole voting power for 33,346,737 shares and sole dispositive power for 35,047,387 shares. The Dodge & Cox Stock Fund specifically holds 16,276,300 shares (6.4%).

The filing identifies Dodge & Cox as an investment adviser and states these securities are held in the ordinary course of business and not for the purpose of changing or influencing control. This disclosure documents a sizable, passive institutional stake that may draw investor attention to ownership concentration and governance dynamics.

Positive

• Material institutional stake disclosed: Dodge & Cox beneficially owns 35,047,387 shares of IFF (13.7% of the class).
• Sole dispositive and voting authority: Reports sole disposive power for 35,047,387 shares and sole voting power for 33,346,737 shares.
• Registered fund interest identified: Dodge & Cox Stock Fund holds 16,276,300 shares (6.4%), disclosed as part of managed-client holdings.

Negative

• None.

Insights

Securities Analyst

TL;DR Dodge & Cox holds a material 13.7% stake (35.0M shares) in IFF; disclosure is significant but not an activist move.

This Schedule 13G/A shows an institutional investor with both substantial dispositive and voting authority: 35,047,387 shares beneficially owned and 33,346,737 shares with sole voting power. The filing clarifies holdings are in the ordinary course of business and not intended to influence control, which aligns with passive 13G treatment rather than an active 13D approach. For market participants, the key takeaway is increased ownership concentration which could affect liquidity and investor perception, but there is no stated change in strategy or control.

Corporate Governance Expert

TL;DR A 13.7% stake with substantial sole voting power gives Dodge & Cox potential governance influence, though no control intent is declared.

The filing records sole voting power over 33,346,737 shares, indicating Dodge & Cox can vote a large block unilaterally at shareholder meetings. While the statement affirms no purpose to change control, such concentrated voting power is material to board elections and major proposals. Investors should note the presence of a large, centralized holder; the filing itself does not allege activism or proposals, but confirms an ownership position that could matter in contested or high-stakes votes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

INTERNATIONAL FLAVORS & FRAGRANCES INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

459506101

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 459506101

1

Names of Reporting Persons

Dodge & Cox

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 33,346,737.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 35,047,387.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

35,047,387.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: INTERNATIONAL FLAVORS & FRAGRANCES INC.
(b)	Address of issuer's principal executive offices: 521 West 57th Street, New York, New York, 10019-2960
Item 2.
(a)	Name of person filing: Dodge & Cox
(b)	Address or principal business office or, if none, residence: 555 California Street 40th Floor, San Francisco, CA 94104
(c)	Citizenship: California, USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 459506101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 35,047,387
(b)	Percent of class: 13.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 33,346,737
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 35,047,387
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. 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, INTERNATIONAL FLAVORS & FRAGRANCES INC. Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940, has an interest of 16,276,300 or 6.4%, of the class of securities reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Dodge & Cox

Signature:	/S/ Katherine M. Primas
Name/Title:	Chief Compliance Officer
Date:	08/13/2025

FAQ

How many IFF shares does Dodge & Cox beneficially own?

Dodge & Cox beneficially owns 35,047,387 shares of IFF, representing 13.7% of the common stock.

What voting power does Dodge & Cox report for IFF?

Dodge & Cox reports sole voting power over 33,346,737 shares and shared voting power of 0 shares.

Does Dodge & Cox claim intent to influence control of IFF?

The filing states the securities are held in the ordinary course of business and were not acquired for the purpose of changing or influencing control of the issuer.

How many IFF shares does the Dodge & Cox Stock Fund hold?

The Dodge & Cox Stock Fund holds 16,276,300 shares, equal to 6.4% of the class.

How much dispositive power does Dodge & Cox report?

Dodge & Cox reports sole dispositive power over 35,047,387 shares and shared dispositive power of 0 shares.