PRIMECAP Management

PRIMECAP Management

Last Update: 05-13-2016

Number of Stocks: 270
Number of New Stocks: 7

Total Value: $96,415 Mil
Q/Q Turnover: 4%

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

PRIMECAP Management Watch

  • Leucadia Opens Positions in FedEx, Adobe System, Broadcom

    Leucadia National (Trades, Portfolio) bought shares in the following stocks in the first quarter:

    Leucadia bought 6,100 shares in FedEx Corp. (FDX) with an impact of 0.14% on the portfolio.


  • Low PS for Caterpillar, L-3, Advanced Auto Parts

    According to GuruFocus' All-in-One Screener, the following are companies with market caps above $5 billion that are trading with low P/S ratios.

    Caterpillar Inc. (CAT) is trading at about $72 with a P/S ratio of 1.01 and an estimated P/E multiple of 34.66. The company has a market cap of $42.29 billion; over the last 10 years, the stock has dropped by 7%. During the last 52 weeks, the price has been as high as $89.62 and as low as $56.36.


  • Richard Snow Boosts Biogen, Keysight Technologies

    Richard Snow (Trades, Portfolio) is founder of Snow Capital. Snow began his career investing the proceeds from the sale of the Snow family businesses. During the first quarter he bought the following shares:

    The guru increased his stake in Keysight Technologies Inc. (KEYS) by 279.50% with an impact of 1.35% on the portfolio.


  • Disney’s Stock Down After Latest Earnings Report

    U.S. stocks opened lower Wednesday after a two-day rally to start the week. Disney’s (NYSE:DIS) earnings report Tuesday evening after the bell was a significant factor for the market’s lower valuations. Also contributing to the losses were Macy’s (NYSE:M) and Staples (NASDAQ:SPLS), both retailers with disappointing earnings and outlooks.

    Disney’s earnings results late Tuesday missed analysts’ expectations for both revenue and earnings. Revenue was $12.97 billion, up 4.1% from the comparable quarter and missing analysts’ expectations by $220 million. EPS of $1.36 missed analysts’ expectations by 4 cents. On Wednesday, shares are down 4.52 points or 4.24% to $102.08. In the broader market, the Dow Jones Industrial Average is down 144.28 points to 0.80% at 17,784.07. The S&P 500 is down 11.67 points or 0.56% to 2,072.72. The SPDR S&P Retail Index is down 1.58 points or 3.62%. In a CNBC interview, industry specialists discussed their insights on the company and its earnings report.


  • Primecap Management Adds to Stake in Micron Technology

    PRIMECAP Management added 4,477,472 shares to its stake in Micron Technology Inc. (NASDAQ:MU) in the first quarter

    Micron Technology is a global leader in the semiconductor industry. The company was originally incorporated in October 1978 in Boise, Idaho. Since the company was founded over 35 years ago, it has produced more than 20,000 patents in more than 20 countries, and it employs over 30,000 people worldwide.


  • PRIMECAP Adds to Stake in Alibaba

    Most of PRIMECAP Management (Trades, Portfolio)’s fourth-quarter activity involved adding to or reducing existing stakes in its portfolio. The guru did buy a couple of new stakes and sold three others, but they had little impact on the portfolio.

    PRIMECAP raised its stake in Alibaba (NYSE:BABA), a Chinese ecommerce company, by more than 36%. PRIMECAP acquired 3,612,400 shares for an average price of $78.9 per share in a transaction that had a 0.3% impact on PRIMECAP’s portfolio.


  • Guru Stocks With High Business Predictability

    According to GuruFocus’ All-in-One Screener, the following stocks have a high business predictability rating, and at least five gurus are shareholders of the companies.

    Gildan Activewear Inc. (GIL)


  • Primecap Management Trims Transocean, Buys Xencor

    PRIMECAP Management (Trades, Portfolio) was founded in September 1983 and manages Vanguard Capital Opportunity Fund, and Vanguard PRIMECAP Core Fund. The following are some of its most heavily weighted trades during the the fourth quarter, according to GuruFocus Real-Time Picks.

    The fund increased its holding in Xencor Inc. (XNCR) by 21.89% with an impact of 0.01% on the portfolio. The fund now holds 10.63% of outstanding shares.


  • 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.


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