UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __2__)*
Ultrapar Participacoes S.A.
--------------------------------------------------------------------------------
(Name of Issuer)
American Depositary Shares, each representing 1,000 Preferred Shares
--------------------------------------------------------------------------------
(Title of Class of Securities)
90400P101
-------------------------------------------
(CUSIP Number)
December 31, 2004
--------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] 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
person's 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).
------------------------ ----------------------
CUSIP NO.90400P101 13G PAGE 2 OF 4 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.
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 2,005,900
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,005,900
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,005,900
--------------------------------------------------------------------------------
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
10.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
--------------------------------------------------------------------------------
PAGE 2 OF 4 PAGES
Item 1(a) Name of Issuer:
--------------------------
Ultrapar Participacoes S.A.
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
B. Luiz Antonio, 1343 9o Andar
Bela Vista
Sao Paulo, SP 01317-910
Brazil
Item 2(a) Name of Person Filing:
---------------------
Dodge & Cox
Item 2(b) Address of the Principal Office or, if none, Residence:
-------------------------------------------------------
555 California Street, 40th FL
San Francisco, CA 94104
Item 2(c) Citizenship:
-----------
California - U.S.A.
Item 2(d) Title of Class of Securities:
----------------------------
American Depositary Shares, each representing 1,000
Preferred Shares
Item 2(e) CUSIP Number:
------------
90400P101
Item 3 If the Statement is being filed pursuant to Rule 13d-1(b),
----------------------------------------------------------
or 13d-2(b), check whether the person filing is a:
-------------------------------------------------
(e) [X] An investment advisor in accordance with section
240.13d-1(b)(1)(ii)(E)
Item 4 Ownership:
---------
(a) Amount Beneficially Owned:
-------------------------
2,005,900
(b) Percent of Class:
----------------
10.9%
PAGE 3 OF 4 PAGES
(c) Number of shares as to which such person has:
---------------------------------------------
(i) sole power to vote or direct the vote:
2,005,900
(ii) shared power to vote or direct the vote:
0
(iii) sole power to dispose or to direct the
disposition of: 2,005,900
(iv) shared power to dispose or to direct the
disposition of: 0
Item 5 Ownership of Five Percent or Less of a Class:
--------------------------------------------
Not applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another
--------------------------------------------------------
Person:
------
Securities reported on this Schedule 13G are beneficially
owned by clients of Dodge & Cox, which clients may include
investment companies registered under the Investment Company
Act and/or employee benefit plans, pension funds, endowment
funds or other institutional clients.
Item 7 Identification and Classification of the Subsidiary Which
---------------------------------------------------------
Acquired the Security Being Reported on By the Parent
-----------------------------------------------------
Holding Company:
---------------
Not applicable.
Item 8 Identification and Classification of Members of the Group:
---------------------------------------------------------
Not applicable.
Item 9 Notice of Dissolution of a Group:
--------------------------------
Not applicable.
Item 10 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.
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: January 10, 2005
-----------------
DODGE & COX
By: /s/ John M. Loll
--------------------------------------
Name: John M. Loll
Title: Vice President
PAGE 4 OF 4 PAGES