PRIMECAP Management

PRIMECAP Management

Last Update: 02-04-2016

Number of Stocks: 276
Number of New Stocks: 17

Total Value: $90,088 Mil
Q/Q Turnover: 2%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

PRIMECAP Management Watch

  • Investment Ideas Trading With Very Low P/S Ratio

    According to GuruFocus' All-In-One screener, the following are the stocks that are companies with a market cap above $5 billion that are trading with a very low P/S ratio.

    Banco De Chile (BCH) is trading at about $57 with a P/S ratio of 4, a trailing 12-month P/E multiple of 12.46 and an estimated forward P/E multiple of 9.56. The company has a market cap of $9.26 billion and over the last 10 years, the stock has risen by 74%. During the last 52 weeks, the price has been as high as $71.95 and as low as $56.55.


  • PRIMECAP's 3rd-Quarter Increases That Exceeded 100%

    PRIMECAP Management (Trades, Portfolio) increased its shares in many stocks during the third quarter, but particularly huge increases  of 3,982.32% and 1,224.40% – were seen in Boot Barn Holdings Inc. (BOOT) and The Rubicon Project Inc. (RUBI).

    Other stocks in PRIMECAP's portfolio that saw increases of over 100% were Stratasys Ltd. (SSYS), Las Vegas Sands Corp. (LVS), Avalanche Biotechnologies Inc. (AAVL), Twitter Inc. (TWTR), Hilton Worldwide Holdings Inc. (HLT) and Avis Budget Group Inc. (CAR).


  • Tom Gayner Buys Harley-Davidson and JPMorgan in 3rd Quarter

    Tom Gayner (Trades, Portfolio) is the executive vice president and chief investment officer of Markel Corp. (NYSE:MKL) and president of Markel Gayner Asset Management Inc. He thinks stock is part of a business, and the business is worth what the present value of the future cash flows are.

    His portfolio is composed of 122 stocks, and the following are the most heavily weighted trades during the third quarter.


  • Two Gurus Investing in Struggling Tech Stock

    Jim Simons (Trades, Portfolio) and PRIMECAP Management are adding to their positions in BlackBerry (NASDAQ:BBRY), despite the fact that the stock has been on an average yearly decline of 33% over the past seven years.

    Simons graduated from MIT in 1958 and went on to pursue a Ph.D in mathematics from the University of California, Berkeley in 1961. He then went on to serve for the U.S Department of Defense as a codebreaker during the Vietnam War. After the war, Simons founded Renaissance Technologies in 1982, which he ran for 28 years before retiring in 2010. He still continues to work for the fund helping to improve the company's mathematically-based Medallion system.


  • Primecap Increases Stakes in 2 Stocks

    PRIMECAP Management was founded in September 1983 in Pasadena California, by Theo Kolokotrones, Mitch Milias and the late Howard Schow, who passed away in April 2012. Primecap Management is an independent investment management company. The firm’s goal is to provide superior long-term equity investment results by following an investment approach based on four key principles:

  • The Best-Performing Stocks in Martin Whitman's Portfolio

    Martin Whitman (Trades, Portfolio) is founder and portfolio manager of the Third Avenue Value Fund (TAVFX). He manages a portfolio composed of 37 stocks in which two of them are new. The portfolio has a total value of $1,689 million.

    Third Avenue Value holds 2,082,168 shares of NVIDIA Corp. (NVDA), which has returned 58.5% since the beginning of the year. The stake represents 0.39% of outstanding shares of the company and 2.46% of the fund's total assets.


  • PRIMECAP Sells Stake in Technology Company

    The rationale behind PRIMECAP Management (Trades, Portfolio)’s quarterly investment decisions is pretty straight forward. PRIMECAP makes its decisions with a three- to five-year window in mind and will hold shares longer if the numbers justify doing so.

    PRIMECAP’s most noteworthy third-quarter transaction was the sale of its 5,110,640-share stake in Polypore International Inc. (NYSE:PPO), a Charlotte, N.C.-based technology company, for an average price of $60.08 per share. The trade had a -0.03% impact on PRIMECAP’s portfolio.


  • Jim Simons' Largest Adds of the 3rd Quarter

    Jim Simons founded Renaissance Technologies Corporation, a private investment firm, in 1982. It is one of the world's most successful hedge funds, and Simons is its CEO. The portfolio is composed of 313 stocks with a total value of $41.902 million, and the following are the largest increases of its existing stakes during the third quarter.

    Simons increased his stake in AbbVie Inc. (ABBV) with an impact of 0.38% on the portfolio. The stake was initiated in 2012; after he sold out the same year he got a new position in Q1 2013 at an average price of $37.02 per share. Since then the investor has been increasing and reducing his stake. In the second quarter the position got reduced by 99.31%, but in the third quarter the position saw a huge increase of 35,677.51% at double its starting purchase price.


  • John Buckingham Cuts Activision, Buys General Motors

    John Buckingham (Trades, Portfolio) is the chief investment officer of AFAM Capital and is the editor of "The Prudent Investor," an investment newsletter. AFAM Capital is a rapidly growing asset manager specializing in the management of exchange-traded funds (ETFs) and equity portfolios.

    The hedge fund has a portfolio composed of 150 stocks with a total value of $656 million and the following are the most weighted trades based on the impact on the portfolio during the third quarter.


  • Vanguard Health Care Fund Buys Biogen and Mylan, Cuts Pfizer

    Edward Owens has worked in investment management for more than 30 years. He has managed the Vanguard Health Care Fund (Trades, Portfolio) since its inception in May 1984. The hedge fund has a portfolio composed of 82 stocks with a total value of $46,362 million and the following are the most weighted trades based on the impact on the portfolio during the third quarter.

    The hedge fund increased its stake in Biogen Inc. (BIIB) by 105.96% with an impact of 1.19% on the portfolio.


  • PRIMECAP Adds to Stakes in 3D Companies

    PRIMECAP Management (Trades, Portfolio) added to two of its existing stakes in 3D technology – Stratasys Ltd. (NASDAQ:SSYS) and Faro Technologies Inc. (NASDAQ:FARO) – on Sept. 30.

    PRIMECAP bought 1,795,000 shares of Stratasys, an Eden Prairie, Minn.-based maker of 3D printers and production systems for businesses, for $26.49 per share. The transaction had a 0.05% impact on PRIMECAP’s portfolio.


  • Insiders Are Buying Barnes & Noble

    The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$1,000,000+” and duration to "September 2015."

    According to the above filters, the following are the recent buys from company insiders during the second week of September.


  • Primecap Keeps Buying Aecom

    Primecap Management Company (Trades, Portfolio) was founded in September 1983 in Pasadena, California. It manages Vanguard Primecap Fund, Vanguard Capital Opportunity Fund, and Vanguard Primecap Core Fund.. Primecap was founded by Chairman and Chief Investment Officer Howard B. Schow, Vice Chairman Mitchell J. Milias, and President Theo A. Kololotrones.

    Primecap team evaluates securities based on their outlook over a three to five year time horizon, with the intention of holding them considerably longer if their fundamentals warrant it. They believe successful investment decisions rests in correctly appraising the relationship between the fundamental value of a company and the market price of its stock. A company may be valuable because of its free cash flow, its assets, or both; however, a company will be a superior investment only if it is purchased at the right price. Primecap only invests in their highest conviction ideas.


  • Iberiabank Buys Fleetcor and Intel in Second Quarter

    The hedge fund Iberiabank Corp. in its last quarterly 13F reported a total value of its portfolio of $200 million, with an increase of 1.28% since the previous quarter. During Q2 2015, the firm bought 20 new stocks and increased 65 of its existing stakes. The following are the most heavily weighted buys during the quarter.

    It bought shares of Fleetcor Technologies, Inc (FLT) with an impact of 4.37% on its portfolio. The company is an independent provider of payment products and services. It also provides a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. It also uses third-party networks to deliver its payment programs and services in order to broaden its card acceptance and use.


  • PRIMECAP Sells Stake in Biopharmaceutical Company

    PRIMECAP Management (Trades, Portfolio) was founded more than 30 years ago as an independent investment management company. Its objective is to provide solid long-term equity investment results based on commitment to fundamental research, long-term investment horizon, emphasis on individual decision-making and focus on value. With returns of 18.72% last year, 39.73% in 2013 and 15.27% in 2012, PRIMECAP appears to be meeting its goal.

    PRIMECAP’s most noteworthy second-quarter transaction was its sale of its 2,284,039-share stake in Pharmacyclics Inc. (NASDAQ:PCYC), a Sunnyvale, Calif.-based biopharmaceutical company, for an average price of $256.7 per share. The deal had a -0.57% impact on PRIMECAP’s portfolio.


  • Morgan Stanley Raises Tesla's Price Target

    Shares of Tesla Motors, Inc. (NASDAQ:TSLA) are jumping in Monday´s trading $8.41 or 3.46% to $251.56 per share. I think this is a stock to watch close during the trading day. But why?

    Although Morgan Stanley (NYSE:MS) maintained its overweight rating, the target price was adjusted to $465 from $280, saying the automaker is in a unique position to dominate the market.


  • PRIMECAP Reduces Its Stake in Nuance Communications

    PRIMECAP Management (Trades, Portfolio) has reduced its stake in Nuance Communications (NASDAQ:NUAN). PRIMECAP Management (Trades, Portfolio) is a fundamental value fund manager with a focus on investments over a three to five year time horizon. It currently has equity assets under management of approximately $103 billion.

    On July 31 the investment manager sold a large portion of its portfolio shares in Nuance Communications. Reducing its portfolio position in the stock by 6.07%, PRIMECAP sold 960,652 shares. In a previous sale on May 31, PRIMECAP also reduced its position in Nuance Communications by 70,900 shares. As of July 31 the PRIMECAP portfolio has a current weighting in Nuance Communications of 0.26% at 14,865,440 shares.


  • What If You Got Paid To Hold Yahoo! Core?

    Yahoo! (NASDAQ:YHOO) is rarely touted as its glory days are behind it. It is still one of the most frequently visited portfolio of websites in the U.S. The cash cows in its portfolio of properties being Yahoo! Search, Yahoo! Mail, and Yahoo! News. Under new CEO Marissa Mayer, the company has offloaded nonstrategic assets and is outsourcing some of its underlying technology, like that powering its search engine. Display advertising makes up close to 40% of revenue and search advertising another ~40%. After initial enthusiasm expressed by the market, lately the stock has sold off back into bargain territory:



  • Manning & Napier Advisors' Most Weighted Trades in Q2 2015

    For more than four decades, Manning & Napier Advisors, Inc has been guiding individual and institutional clients toward their financial goals. Their independent, opportunistic style can help clients meet a wide variety of investment needs even in the most challenging environments. They’re majority employee-owned, which means they’re able to give clients the kind of service and commitment that only comes from people who have a direct stake in success.

    Its portfolio is composed of 352 stocks and has a total value of $22,955 Mil.


  • PRIMECAP Adds to Three Stakes in Portfolio

    At the end of June, when most Americans were embarking or about to embark on their Fourth of July holidays, which likely included fireworks displays, PRIMECAP Management (Trades, Portfolio) made some modest fireworks of its own by adding to three stakes in its portfolio – SanDisk Corp (NASDAQ:SNDK), Chegg Inc (NYSE:CHGG) and Abaxis Inc (NASDAQ:ABAX).

    PRIMECAP bought 2,089,140 shares of SanDisk, a Silicon Valley-based company that designs, develops and manufactures flash memory storage solutions and software, for an average price of $58.22 per share. That purchase had a 0.12% impact on PRIMECAP’s portfolio.


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