PRIMECAP Management

PRIMECAP Management

Last Update: 08-14-2015

Number of Stocks: 263
Number of New Stocks: 6

Total Value: $101,668 Mil
Q/Q Turnover: 3%

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

PRIMECAP Management Watch

  • 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:


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  • 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.

      


  • PRIMECAP Sells Portions of Its Top Two Stakes

    Pasadena, California-based PRIMECAP Management (Trades, Portfolio) was founded in September 1983 as an independent investment management company. It evaluates securities based on their outlook over three to five years, longer if warranted. The Vanguard PRIMECAP Fund, one of the funds it manages, logged a return of 18.72% in 2014.


    PRIMECAP sold portions of its top two stakes – Biogen Inc (NASDAQ:BIIB) and Amgen Inc (NASDAQ:AMGN) – in the first quarter.

      


  • Primecap Management increases its stake in Yahoo!

    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.

      


  • Primecap Management Increases Stake in CarMax

    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's 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.

      


  • Primecap Management Increases Position in 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.

      


  • John Griffin Acquires Stake in Mobileye

    Mobileye (NYSE:MBLY), a technology company that is based in the Netherlands with a research and development center in Jerusalem, is something of an enigma for investors.


    Mobileye specializes in cutting-edge automotive technology. Its products are designed to help prevent auto collisions or lessen their severity when they can’t be avoided. The nature of the business means the products it chooses to promote tend to be big hits or big misses. Sometimes they pay off. Sometimes they don’t. The stock price fluctuates – it is up one quarter, down the next.

      


  • Growing and Undervalued: NeuStar Inc.

    From my watch list, today another growing and undervalued company. Let’s have a short view of NeuStar Inc. (NSR); that looks undervalued based on the Peter Lynch Price Value and the Discounted Cash Flow Model.


    NeuStar Inc. (NSR)

      


  • Gurus and Insiders Continue to Buy Energy Stocks

    With oil currently priced under $50 a barrel, gurus and insiders at eight energy companies are taking advantage of plunging stock prices to buy company shares, according to GuruFocus’ Double Buys page.


    Certain sectors within the energy industry can be safer to invest in, like companies that service oil wells, according to Chuck Royce (Trades, Portfolio) of Royce Funds.

      


  • Primecap Management's Annual Shareholder Letter 2014

    Dear Fellow Shareholders,


    For the fiscal year ended October 31, 2014, the PRIMECAP Odyssey Stock Fund, PRIMECAP Odyssey Growth Fund, and PRIMECAP Odyssey Aggressive Growth Fund produced total returns of +16.45%, +15.82%, and +17.71%, respectively. The PRIMECAP Odyssey Aggressive Growth Fund exceeded the +17.27% total return of the unmanaged S&P 500 Index, while the PRIMECAP Odyssey Stock Fund and the PRIMECAP Odyssey Growth Fund lagged the S&P 500 over the period.

      


  • David Einhorn's Most Weighted Low PE Stocks

    David Einhorn (Trades, Portfolio) is president of Greenlight Capital (a value-oriented investment advisor). Through August 2006, Einhorn had achieved annual returns of 29% since starting Greenlight in May 1996.


    Einhorn believes an investment approach emphasizing intrinsic value will achieve consistent absolute investment returns and safeguard capital regardless of market conditions. He is a noted activist investor, taking positions in companies, and then pushing management to implement changes.

      


  • Weekly Guru Bargains Highlights: PBR.A, S, E, NOV, EC

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.


    Petroleo Brasileiro SA Petrobras (NYSE:PBR.A): Down 37% since Charles Brandes (Trades, Portfolio) bought in the quarter ended on 2014-12-31

      


  • Weekly 3-Year Low Highlights: NSR, ELRC, PLPC, SNTA

    According to GuruFocus list of 3-year lows, NeuStar Inc, Electro Rent Corp, Preformed Line Products Co, and Synta Pharmaceuticals Inc. have all reached their 3-year lows.


    NeuStar Inc (NYSE:NSR) Reached $24.61

      


  • PRIMECAP Management's New Positions

    PRIMECAP Management (Trades, Portfolio), founded by Chairman and Chief Investment Officer Howard B. Schow, recently added new positions to its portfolio of 260 stocks, valued at ~$98.7 billion with a quarter over quarter turnover rate of 3% during the fourth quarter of 2014.


    30.7% of the firm's portfolio consists of stocks in the heathcare sector and 16.4% are in the technology sector.

      


  • 5-year lows: Rex Energy Corp, Liquidity Service Inc, Petroquest Energy Inc, MVC Capital Inc.

    According to GuruFocus' list of 5-year lows, these Guru stocks have reached their 5-year lows: Rex Energy Corp, Liquidity Service Inc, Petroquest Energy Inc, MVC Capital Inc.


    Rex Energy Corp (NAS:REXX) Reached $4.73

      


  • Weekly CEO Buys Highlight: SONS, OPK, AKS, ARAY, ENH

    According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:


    Sonus Networks Inc (NASDAQ:SONS): CEO and President Raymond P Dolan Bought 1,000,000 Shares

      


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