Primecap's fund was down, but better than that market by about 10%. Not bad. The managers seek to invest in companies whose long-term growth will substantially exceed that suggested by their current valuation multiples. This is their Q1 portfolio update. PRIMECAP Management owns 234 stocks with a total value of $41.2 billion. These are the details of the buys and sells.
PRIMECAP Management buys Charles River Laboratories International, Range Resources Corp., FPL Group Inc., sells Viacom Inc., Advance America Cash Advance Centers Inc, BGC Partners, Citigroup Inc., Capital One Financial Corp., Dolby Laboratories Inc., Genentech Inc., MF Global Ltd., Arkansas Best Corp., A.C. Moore Arts & Crafts Inc., Fifth Third Bancorp, VISA INC, TCF Financial Corp., State Street Corp., SLM Corp., NV ENERGY, INC., Internap Network Services Corp., KBW Inc., East West Bancorp Inc., Silicon Laboratories Inc. during the 3-months ended 03/31/2009, according to the most recent filings of his investment company, PRIMECAP Management.
- New Purchases: CRL, FPL, RRC,
- Added Positions: AAPL, ABMD, AES, AKAM, BA, BIIB, CAT, CERN, CMI, COP, CPHD, EXPD, GOOG, GR, ILMN, IN, KCI, MEDX, MMC, PBR, RHHVF.PK, RIG, ROK, SRDX, T, WAT,
- Reduced Positions: ACI, AFL, AVID, AVP, AVY, BRCD, COT, DYAX, ELX, GB, MFE, MMM, MU, NE, SCMR, SEPR, SPW, VIA-B, YHOO, AVID, DTV,
- Sold Out: ABFS, ACMR, AEA, BGCP, C, COF, DLB, EWBC, FITB, INAP, KBW, MF, NVE, SLAB, SLM, STT, TCB, V, VIA,
For the details of PRIMECAP Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=PRIMECAP+Management
This is the sector weightings of PRIMECAP Management's portfolio:| Technology |  29.5% |
|---|---|
| Financials | 4% |
| Utilities | 0.1% |
| Telecommunications | 0.3% |
| Consumer Services | 12.9% |
| Health Care | 26.8% |
| Consumer Goods | 2.8% |
| Industrials | 10.5% |
| Basic Materials | 4.6% |
| Oil & Gas | 6.2% |
These are the top 5 holdings of PRIMECAP Management
- Eli Lilly and Company (LLY) - 59,400,537 shares, 4.82% of the total portfolio
- Amgen Inc. (AMGN) - 33,485,912 shares, 4.02% of the total portfolio
- Novartis AG (NVS) - 37,127,297 shares, 3.41% of the total portfolio
- Biogen Idec Inc (BIIB) - 26,804,161 shares, 3.41% of the total portfolio
- Monsanto Company (MON) - 15,542,418 shares, 3.13% of the total portfolio
Added: Biogen Idec Inc (BIIB)
PRIMECAP Management added to his holdings in Biogen Idec Inc by 7.72%. His purchase prices were between $44.23 and $52.48, with an estimated average price of $49.3. The impact to his portfolio due to this purchase was 0.24%. His holdings were 26,804,161 shares as of 03/31/2009.
IDEC Pharmaceuticals Corporation is a biopharmaceutical company engaged primarily in the research development and commercialization of targeted therapies for the treatment of cancer and autoimmune and inflammatory diseases. Their first commercial product Rituxan and our most advanced product candidate ZEVALIN are for use in the treatment of certain B-cellnon-Hodgkin's lymphomas. They are also developing products for the treatment of various autoimmune diseases (such as psoriasis rheumatoidarthritis and lupus). Biogen Idec Inc has a market cap of $14.42 billion; its shares were traded at around $48.52 with a P/E ratio of 12.7 and P/S ratio of 3.6.
Added: Google Inc. (GOOG)
PRIMECAP Management added to his holdings in Google Inc. by 6.81%. His purchase prices were between $299.67 and $371.28, with an estimated average price of $333.5. The impact to his portfolio due to this purchase was 0.17%. His holdings were 3,091,490 shares as of 03/31/2009.
Google is a public and profitable company focused on search services. Named for the mathematical term `googol` Google operates web sites at many international domains with the most trafficked being www.google.com. Google is widely recognized as the `World's Best Search Engine` and is fast accurate and easy to use. The company also serves corporate clients including advertisers content publishers and site managers with cost-effective advertising and a wide range of revenue generating search services. Google's breakthrough technology and continued innovation serve the company's mission of `organizing the world's information and making it universally accessible and useful.` Google Inc. has a market cap of $122.82 billion; its shares were traded at around $389.54 with a P/E ratio of 22 and P/S ratio of 5.7.
Added: ROCHE HLDG AG DIV RT (RHHVF.PK)
PRIMECAP Management added to his holdings in ROCHE HLDG AG DIV RT by 11.33%. The impact to his portfolio due to this purchase was 0.17%. His holdings were 4,887,400 shares as of 03/31/2009.
.
Added: The Boeing Company (BA)
PRIMECAP Management added to his holdings in The Boeing Company by 54.58%. His purchase prices were between $29.81 and $43.58, with an estimated average price of $37.5. The impact to his portfolio due to this purchase was 0.13%. His holdings were 4,401,113 shares as of 03/31/2009.
The Boeing Company is one of the world's major aerospace firms. The company operates in three principal segments: commercial airplanes; military aircraft and missiles; and space and communications. The Boeing Company has a market cap of $30.06 billion; its shares were traded at around $42.95 with a P/E ratio of 12 and P/S ratio of 0.5. The dividend yield of The Boeing Company stocks is 4%. The Boeing Company had an annual average earning growth of 10.9% over the past 10 years. GuruFocus rated The Boeing Company the business predictability rank of 2.5-star.
Added: Caterpillar Inc. (CAT)
PRIMECAP Management added to his holdings in Caterpillar Inc. by 19.93%. His purchase prices were between $22.93 and $42.2, with an estimated average price of $30.6. The impact to his portfolio due to this purchase was 0.12%. His holdings were 10,989,439 shares as of 03/31/2009.
Caterpillar Inc is the world's largest manufacturer of construction and mining equipment diesel and natural gas engines and industrial gas turbines. The company is one of only a handful of U.S. companies that leads its industry while competing globally from a principally domestic manufacturing base. The company records more than half of its sales to overseas customers. Their products are used in the construction road building mining forestry energy transportation and material-handling industries. Caterpillar Inc. has a market cap of $21.7 billion; its shares were traded at around $36.08 with a P/E ratio of 7.9 and P/S ratio of 0.4. The dividend yield of Caterpillar Inc. stocks is 4.6%. Caterpillar Inc. had an annual average earning growth of 11.2% over the past 10 years.
Added: Marsh & McLennan Companies Inc. (MMC)
PRIMECAP Management added to his holdings in Marsh & McLennan Companies Inc. by 9.43%. His purchase prices were between $17.76 and $22.95, with an estimated average price of $19.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 26,994,475 shares as of 03/31/2009.
Marsh & McLennan is primarily a holding company which through its subsidiaries and affiliates provides clients with analysis advice and transactional capabilities in the fields of risk and insurance services investment management and consulting. MMC Enterprise Risk provides advanced risk consulting services and transactional solutions on enterprise. MMC CAPITAL is a global private equity firm that invests in industries where MMC possesses specialized knowledge and proprietary deal flow. Marsh & McLennan Companies Inc. has a market cap of $10.04 billion; its shares were traded at around $19.5 with a P/E ratio of 14 and P/S ratio of 0.9. The dividend yield of Marsh & McLennan Companies Inc. stocks is 4.1%.
Added: Expeditors International of Washington I (EXPD)
PRIMECAP Management added to his holdings in Expeditors International of Washington I by 69.35%. His purchase prices were between $24.6 and $31.52, with an estimated average price of $28.6. The impact to his portfolio due to this purchase was 0.06%. His holdings were 2,170,400 shares as of 03/31/2009.
Expeditors International of Washington Inc. is engaged in the business ofproviding global logistics services. The company offers its customers a seamless international network supporting the movement and strategic positioning of goods. The company's services include the consolidation or forwarding of air and ocean freight. In each U.S. office and in many overseas offices the company acts as a customs broker. The company also provides additional services including distribution management vendor consolidation cargo insurance and purchase order management. Expeditors International of Washington I has a market cap of $6.71 billion; its shares were traded at around $31.56 with a P/E ratio of 23.5 and P/S ratio of 1.3. The dividend yield of Expeditors International of Washington I stocks is 0.9%. Expeditors International of Washington I had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Expeditors International of Washington I the business predictability rank of 5-star.
Added: ConocoPhillips (COP)
PRIMECAP Management added to his holdings in ConocoPhillips by 33.25%. His purchase prices were between $35.36 and $51.41, with an estimated average price of $42.8. The impact to his portfolio due to this purchase was 0.05%. His holdings were 2,268,059 shares as of 03/31/2009.
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. ConocoPhillips has a market cap of $66.02 billion; its shares were traded at around $44.6 with a P/E ratio of 5.1 and P/S ratio of 0.3. The dividend yield of ConocoPhillips stocks is 4.3%. ConocoPhillips had an annual average earning growth of 19% over the past 10 years.
Added: Waters Corp. (WAT)
PRIMECAP Management added to his holdings in Waters Corp. by 22.65%. His purchase prices were between $31.62 and $41.76, with an estimated average price of $36.4. The impact to his portfolio due to this purchase was 0.04%. His holdings were 2,711,780 shares as of 03/31/2009.
Waters Corporation is a holding company which owns only and all of the outstanding common stock of Waters Technologies Corporation the operating subsidiary. It operates in the analytical instrument industry with manufacturing and distribution expertise in three complementary technologies: high performance liquid chromatography instruments chromatography columns and other consumables and related service; mass spectrometry instruments that can be integrated and used along with other analytical instruments; and thermal analysis and rheology instruments. Waters Corp. has a market cap of $4.28 billion; its shares were traded at around $44.05 with a P/E ratio of 13.2 and P/S ratio of 2.7. Waters Corp. had an annual average earning growth of 14.4% over the past 10 years. GuruFocus rated Waters Corp. the business predictability rank of 5-star.
Added: Illumina Inc. (ILMN)
PRIMECAP Management added to his holdings in Illumina Inc. by 269.96%. His purchase prices were between $23.43 and $37.22, with an estimated average price of $32. The impact to his portfolio due to this purchase was 0.03%. His holdings were 488,000 shares as of 03/31/2009.
Illumina Inc. is a leading developer of next-generation tools for the large-scale analysis of genetic variation and function. The company's tools will provide information that could be used to improve drugs and therapies customize diagnoses and treatment and cure disease. The company is developing a comprehensive line of products that can address the scale of experimentation and the breadth of functional analysis required to achieve the goals of molecular medicine. Illumina Inc. has a market cap of $4.33 billion; its shares were traded at around $35.27 with a P/E ratio of 47 and P/S ratio of 7.5.
Added: Rockwell Automation Inc. Common (ROK)
PRIMECAP Management added to his holdings in Rockwell Automation Inc. Common by 681.21%. His purchase prices were between $18.4 and $31.04, with an estimated average price of $24.2. The impact to his portfolio due to this purchase was 0.03%. His holdings were 810,900 shares as of 03/31/2009.
Rockwell Automation is a leading global provider of industrial automation power control and information solutions that help customers meet their manufacturing productivity objectives. The Company brings together leading brands in industrial automation for Complete Automation solutions including Allen-Bradley controls and services Dodge mechanical power transmission products Reliance Electric motors and drives and Rockwell Software factory management software. Rockwell Automation Inc. Common has a market cap of $4.42 billion; its shares were traded at around $31.14 with a P/E ratio of 9.8 and P/S ratio of 0.8. The dividend yield of Rockwell Automation Inc. Common stocks is 3.7%. Rockwell Automation Inc. Common had an annual average earning growth of 5.3% over the past 10 years.
Added: Cerner Corp. (CERN)
PRIMECAP Management added to his holdings in Cerner Corp. by 35.67%. His purchase prices were between $33.72 and $43.75, with an estimated average price of $38.4. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,196,100 shares as of 03/31/2009.
Cerner Corp. designs develops markets installs and supports information technology and content solutions for healthcare organizations and consumers that are capable of being implemented on an individual combined or enterprise-wide basis and are accessible over the internet by consumers physicians and healthcare providers. Cerner's integrated suite of solutions enable healthcare providers to improve operating effectiveness reduce costs and improve the quality of care as measured byclinical outcomes. Cerner Corp. has a market cap of $4.35 billion; its shares were traded at around $54.11 with a P/E ratio of 25.5 and P/S ratio of 2.5. Cerner Corp. had an annual average earning growth of 29.5% over the past 10 years. GuruFocus rated Cerner Corp. the business predictability rank of 3.5-star.
Added: Kinetic Concepts Inc. (KCI)
PRIMECAP Management added to his holdings in Kinetic Concepts Inc. by 22.47%. His purchase prices were between $18.86 and $26.48, with an estimated average price of $22.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 2,486,700 shares as of 03/31/2009.
Kinetic Concepts Inc. is a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces. Kinetic Concepts Inc. has a market cap of $1.76 billion; its shares were traded at around $24.79 with a P/E ratio of 6.7 and P/S ratio of 1.
Added: Akamai Technologies Inc. (AKAM)
PRIMECAP Management added to his holdings in Akamai Technologies Inc. by 54.03%. His purchase prices were between $13.08 and $20.11, with an estimated average price of $16.6. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,354,200 shares as of 03/31/2009.
Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform these organizations gain business advantage today and have the foundation for the emerging Web solutions of tomorrow. Akamai Technologies Inc. has a market cap of $3.46 billion; its shares were traded at around $20.29 with a P/E ratio of 15.2 and P/S ratio of 4.3.
Added: Transocean Inc. (RIG)
PRIMECAP Management added to his holdings in Transocean Inc. by 91.43%. His purchase prices were between $50.09 and $61.46, with an estimated average price of $56.5. The impact to his portfolio due to this purchase was 0.02%. His holdings were 335,000 shares as of 03/31/2009.
Transocean LTD. formerly Transocean Inc. is an international provider of offshore contract drilling services for oil and gas wells. The company offers deepwater and harsh environment drilling oil and gas drilling management and drilling engineering and project management services as well as explores develops and produces oil and gas resources. The company is based in Houston Texas. Transocean Inc. has a market cap of $22.62 billion; its shares were traded at around $70.77 with a P/E ratio of 4.9 and P/S ratio of 1.8. Transocean Inc. had an annual average earning growth of 6% over the past 10 years.
Added: Petroleo Brasileiro S.A.Petrobras (PBR)
PRIMECAP Management added to his holdings in Petroleo Brasileiro S.A.Petrobras by 300%. His purchase prices were between $24.37 and $32.13, with an estimated average price of $27.9. The impact to his portfolio due to this purchase was 0.02%. His holdings were 400,000 shares as of 03/31/2009.
PETROBRAS-ADR C is an integrated company operating in exploration production refining retailing and transportation of petroleum and its byproducts at home and abroad. Petroleo Brasileiro S.A.Petrobras has a market cap of $163.59 billion; its shares were traded at around $37.35 with a P/E ratio of 0.3 and P/S ratio of 1.2. The dividend yield of Petroleo Brasileiro S.A.Petrobras stocks is 0.7%. Petroleo Brasileiro S.A.Petrobras had an annual average earning growth of 48% over the past 5 years.
Added: AES Corp. The (AES)
PRIMECAP Management added to his holdings in AES Corp. The by 21.31%. His purchase prices were between $5.11 and $9.28, with an estimated average price of $7.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 5,566,952 shares as of 03/31/2009.
AES Corporation and its subsidiaries and affiliates are a global power company committed to serving the world's needs for electricity in a socially responsible way. AES's electricity generation business consists of sales to wholesale customers for further resale to end users. AES also sells electricity directly to end users such as commercial industrial governmental and residential customers through its distribution business. AES Corp. The has a market cap of $5.58 billion; its shares were traded at around $8.37 with a P/E ratio of 8.7 and P/S ratio of 0.4. AES Corp. The had an annual average earning growth of 16.1% over the past 10 years.
Added: CEPHEID (CPHD)
PRIMECAP Management added to his holdings in CEPHEID by 293.55%. His purchase prices were between $5.03 and $8.94, with an estimated average price of $7.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 804,800 shares as of 03/31/2009.
Cepheid Inc. develops manufactures and markets microfluidic systems that integrate automate and accelerate biological testing. Their systems are miniaturized instruments that analyze complex biological samples in a disposable cartridge by combining molecular biology with microfluidic technology that processes small quantities of liquid typically using components fabricated with computer chip technology. These systems rapidly perform all of the steps required to analyze complex biological samples. CEPHEID has a market cap of $572.6 million; its shares were traded at around $9.89 with and P/S ratio of 3.3.
Added: Apple Inc. (AAPL)
PRIMECAP Management added to his holdings in Apple Inc. by 300%. His purchase prices were between $82.33 and $106.85, with an estimated average price of $93.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 46,000 shares as of 03/31/2009.
Apple Computer Inc. designs manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education creative consumer and business customers. Apple Inc. has a market cap of $106.41 billion; its shares were traded at around $119.49 with a P/E ratio of 21.5 and P/S ratio of 3.4. Apple Inc. had an annual average earning growth of 90.5% over the past 5 years.
Added: Medarex Inc. (MEDX)
PRIMECAP Management added to his holdings in Medarex Inc. by 23.29%. His purchase prices were between $3.88 and $6.19, with an estimated average price of $5.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 3,114,800 shares as of 03/31/2009.
Medarex Inc. is a biopharmaceutical company developing monoclonal antibody-based therapeutics to fight cancer and other life-threatening and debilitating diseases. The company has developed a broad platform of patented technologies for antibody discovery and development including the HuMAb-Mouse system for the creation of high-affinity human antibodies.Medarex creates and develops human antibodies for itself and others offering a full range of antibody development capabilities including pre-clinical and clinical manufacturing services. (PRESS RELEASE) Medarex Inc. has a market cap of $792.8 million; its shares were traded at around $6.17 with and P/S ratio of 15.1. Medarex Inc. had an annual average earning growth of 2.2% over the past 5 years.
Added: AT&T Inc. (T)
PRIMECAP Management added to his holdings in AT&T Inc. by 50%. His purchase prices were between $22.23 and $26.27, with an estimated average price of $24.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 30,000 shares as of 03/31/2009.
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates AT&T operating companies are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services the nation's fastest 3G network and the best wireless coverage worldwide and the nation's leading high speed Internet access and voice services. In domestic markets AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy AT&T operating companies are expanding their TV entertainment offerings. AT&T Inc. has a market cap of $148.75 billion; its shares were traded at around $25.24 with a P/E ratio of 9.7 and P/S ratio of 1.2. The dividend yield of AT&T Inc. stocks is 6.5%. AT&T Inc. had an annual average earning growth of 12.7% over the past 5 years.
Added: ABIOMED Inc. (ABMD)
PRIMECAP Management added to his holdings in ABIOMED Inc. by 49.76%. His purchase prices were between $4.99 and $13.79, with an estimated average price of $8.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 1,113,300 shares as of 03/31/2009.
Abiomed Inc. is a developer manufacturer and marketer of medical products designed to safely and effectively assist or replace the pumpingfunction of the failing heart. The company currently manufactures and sells the BVS-5000 a temporary heart assist device which is approved by the U.S. Food and Drug Administration for the temporary treatment of all patients with failing but potentially recoverable hearts. The company is also engaged in research and development relating to other devices to support the pumping function of the heart. ABIOMED Inc. has a market cap of $230.4 million; its shares were traded at around $6.28 with and P/S ratio of 3.9. ABIOMED Inc. had an annual average earning growth of 37.9% over the past 5 years.
Added: SurModics Inc. (SRDX)
PRIMECAP Management added to his holdings in SurModics Inc. by 25.97%. His purchase prices were between $16.87 and $26.05, with an estimated average price of $20.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 252,200 shares as of 03/31/2009.
SurModics Inc. is a leading provider of surface modification technologies in the areas of biocompatibility site specific drug delivery biological cell encapsulation and medical diagnostics. SurModics partners with the world's foremost medical device pharmaceutical and life science companies to bring innovation together for better patient outcomes. Recent collaborative efforts include the implementation of SurModics' Bravo drug delivery polymer matrix as a key component of the first-to-market drug-eluting coronary stent. SurModics is also active in the ophthalmology market with a sustained drug delivery system that is currently in human trials for treatment of retinal disease. A significant portion of SurModics' revenue is generated by royalties earned from the sale of our customers' commercial products. SurModics Inc. has a market cap of $339.4 million; its shares were traded at around $19.48 with a P/E ratio of 16.6 and P/S ratio of 3.5. SurModics Inc. had an annual average earning growth of 41.3% over the past 10 years.
Added: Cummins Inc. (CMI)
PRIMECAP Management added to his holdings in Cummins Inc. by 43.54%. His purchase prices were between $19.34 and $28.11, with an estimated average price of $24.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 172,424 shares as of 03/31/2009.
Cummins Inc. is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems. Cummins provides power and components for a wide variety of equipment in its key businesses: engine power generation and filtration. Cummins Inc. has a market cap of $5.92 billion; its shares were traded at around $29.41 with a P/E ratio of 8.4 and P/S ratio of 0.5. The dividend yield of Cummins Inc. stocks is 2.5%. Cummins Inc. had an annual average earning growth of 12.9% over the past 10 years.
Added: Goodrich Corp. (GR)
PRIMECAP Management added to his holdings in Goodrich Corp. by 47.62%. His purchase prices were between $30.67 and $40.28, with an estimated average price of $37.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 31,000 shares as of 03/31/2009.
B.F. Goodrich Co.'s operations are classified into three business segments: BFGoodrich Aerospace BFGoodrich Engineered Industrial Products and BFGoodrich Performance Materials. The company's business is conducted on a global basis with manufacturing service and sales undertaken in various locations throughout the world. Goodrich Corp. has a market cap of $5.3 billion; its shares were traded at around $42.77 with a P/E ratio of 7.7 and P/S ratio of 0.8. The dividend yield of Goodrich Corp. stocks is 2.3%. Goodrich Corp. had an annual average earning growth of 27.8% over the past 5 years.
Added: Intermec Inc. (IN)
PRIMECAP Management added to his holdings in Intermec Inc. by 31.27%. His purchase prices were between $8.99 and $12.73, with an estimated average price of $10.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 199,400 shares as of 03/31/2009.
UNOVA Inc. and subsidiaries is an industrial technologies company providing global customers with solutions for improving their efficiency and productivity. The company operates in two primary businesses: Automated Data Systems and Industrial Automation Systems. The Automated Data Systems segment comprises wireless networking and mobile computing products and services and Internet-enabled automated data collection. Intermec Inc. has a market cap of $652.6 million; its shares were traded at around $10.64 with a P/E ratio of 23.1 and P/S ratio of 0.8.
New Purchase: Charles River Laboratories International (CRL)
PRIMECAP Management initiated holdings in Charles River Laboratories International. His purchase prices were between $23.62 and $28.43, with an estimated average price of $26.2. The impact to his portfolio due to this purchase was 0.02%. His holdings were 273,090 shares as of 03/31/2009.
Charles River Laboratories is a leading provider of critical research tools and integrated support services that enable innovative and efficient drug discovery and development. Charles River is the global leader inproviding the animal research models required in research and development for new drugs devices and therapies and has been in this business for more than 50 years. Charles River Laboratories International has a market cap of $1.84 billion; its shares were traded at around $27.59 with a P/E ratio of 10.1 and P/S ratio of 1.4. Charles River Laboratories International had an annual average earning growth of 6.4% over the past 5 years.
New Purchase: Range Resources Corp. (RRC)
PRIMECAP Management initiated holdings in Range Resources Corp.. His purchase prices were between $33.14 and $42.69, with an estimated average price of $37.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 16,000 shares as of 03/31/2009.
Range Resources Corp. acquires develops and finances oil and gas properties in the U.S. They seek to build value primarily through lower-risk development drilling and acquisitions while to a lesser degree pursuing higher risk exploitation and exploration projects on their extensive inventory of undeveloped acreage. Through its wholly owned subsidiary Independent Producer Finance the company also provides financing to small oil and gas producers by purchasing term overriding royalty interests in their properties. Range Resources Corp. has a market cap of $6.47 billion; its shares were traded at around $41.39 with a P/E ratio of 28.6 and P/S ratio of 4.8. The dividend yield of Range Resources Corp. stocks is 0.4%. Range Resources Corp. had an annual average earning growth of 4.1% over the past 10 years.
New Purchase: FPL Group Inc. (FPL)
PRIMECAP Management initiated holdings in FPL Group Inc.. His purchase prices were between $42.82 and $51.86, with an estimated average price of $48.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 20,000 shares as of 03/31/2009.
FPL Group Inc. is a public utility holding company. FPL Group's principal subsidiary FPL is engaged in the generation transmission distribution and sale of electric energy. FPL Group Capital a wholly-owned subsidiary of FPL Group holds the capital stock and provides funding for the operating subsidiaries other than FPL. In addition FPL Group Capital formed a new subsidiary to sell wholesale fiber-optic network capacity. FPL Group Inc. has a market cap of $22.7 billion; its shares were traded at around $55.51 with a P/E ratio of 13.9 and P/S ratio of 1.3. The dividend yield of FPL Group Inc. stocks is 3.4%. FPL Group Inc. had an annual average earning growth of 3.3% over the past 10 years. GuruFocus rated FPL Group Inc. the business predictability rank of 2.5-star.
Reduced: Cott Corp. (COT)
PRIMECAP Management reduced to his holdings in Cott Corp. by 99.43%. His sale prices were between $0.67 and $1.44, with an estimated average price of $0.9. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 17,000 shares as of 03/31/2009.
Cott Corporation is one of the world's largest non-alcoholic beverage companies and the world's largest retailer brand soft drink provider. The Company commercializes its business in over Sixty countries worldwide with its principal markets being the United States Canada the United Kingdom and Mexico. Cott markets or supplies over two hundred retailer and licensed brands and Company-owned brands including Cott RC Vintage Vess and So Clear. Its products include carbonated soft drinks sparkling and flavored waters energy drinks sports drinks juices juice drinks and smoothies ready-to-drink teas and other non-carbonated beverages. Cott Corp. has a market cap of $309 million; its shares were traded at around $4.3 with a P/E ratio of 16 and P/S ratio of 0.2.
Reduced: Noble Corp. (NE)
PRIMECAP Management reduced to his holdings in Noble Corp. by 34.15%. His sale prices were between $21.58 and $28.44, with an estimated average price of $24.8. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 220,000 shares as of 03/31/2009.
Noble Corp. is a leading provider of diversified services for the oil and gas industry. Contract drilling services are performed with the company's fleet of offshore drilling units located in key marketsworldwide. The company's fleet of floating deepwater units consists of nine semisubmersibles and three dynamically positioned drillships seven of which are designed to operate in water depths greater than 5000 feet.(Press Release) Noble Corp. has a market cap of $7.48 billion; its shares were traded at around $28.62 with a P/E ratio of 4.8 and P/S ratio of 2.2. The dividend yield of Noble Corp. stocks is 0.5%. Noble Corp. had an annual average earning growth of 16.5% over the past 10 years. GuruFocus rated Noble Corp. the business predictability rank of 2.5-star.
Reduced: 3M Company (MMM)
PRIMECAP Management reduced to his holdings in 3M Company by 92.99%. His sale prices were between $41.83 and $57.12, with an estimated average price of $49.8. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 13,000 shares as of 03/31/2009.
3M Company is a diversified technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety security and protection services; transportation and other businesses. They are an integrated enterprise characterized by substantial intercompany cooperation in research manufacturing and marketing of products. 3M Company has a market cap of $39.5 billion; its shares were traded at around $56.94 with a P/E ratio of 12.4 and P/S ratio of 1.5. The dividend yield of 3M Company stocks is 3.6%. 3M Company had an annual average earning growth of 9.6% over the past 10 years. GuruFocus rated 3M Company the business predictability rank of 2-star.
Reduced: SPX Corp. (SPW)
PRIMECAP Management reduced to his holdings in SPX Corp. by 68.91%. His sale prices were between $40.62 and $50.35, with an estimated average price of $45.1. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 40,200 shares as of 03/31/2009.
SPX Corporation is a provider of technical products and systems industrial products and services service solutions and vehicle components. These products are primarily sold to customers throughout North America and Europe. As a global multi-industry company SPX is focused on profitably growing businesses that have scale and growth potential. These businesses are grouped into four different segments: Technical Products and Systems Industrial Products and Services Flow Technology and Service Solutions. SPX Corp. has a market cap of $2.07 billion; its shares were traded at around $42.06 with a P/E ratio of 6.8 and P/S ratio of 0.4. The dividend yield of SPX Corp. stocks is 2.3%. SPX Corp. had an annual average earning growth of 8.1% over the past 10 years.
Reduced: McAfee Inc. (MFE)
PRIMECAP Management reduced to his holdings in McAfee Inc. by 23.1%. His sale prices were between $27.95 and $33.55, with an estimated average price of $30.3. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 106,500 shares as of 03/31/2009.
McAfee Inc. creates best-of-breed computer security solutions that prevent intrusions on networks and protect computer systems from the next generation of blended attacks and threats. McAfee's customers span large enterprises governments small and medium sized businesses and consumers. McAfee Inc. has a market cap of $5.86 billion; its shares were traded at around $37.85 with a P/E ratio of 23.2 and P/S ratio of 3.7. McAfee Inc. had an annual average earning growth of 21.6% over the past 5 years.
Reduced: Dyax Corp. (DYAX)
PRIMECAP Management reduced to his holdings in Dyax Corp. by 22.04%. His sale prices were between $1.88 and $3.47, with an estimated average price of $2.6. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 1,239,000 shares as of 03/31/2009.
Dyax Corp is a biopharmaceutical company that has developed and patented a method that is used to identify a broad range of compounds with potential for the treatment and diagnosis of diseases. The company is also using this method to identify compounds that could be used in purifying andmanufacturing biopharmaceuticals and other chemicals. The company's phage display technology to rapidly and cost-effectively determine the potential medical uses of newly discovered proteins and genes and subsequently discover biopharmaceutical product candidates. Dyax Corp. has a market cap of $126.8 million; its shares were traded at around $2.01 with and P/S ratio of 3.
Reduced: Greatbatch Inc. (GB)
PRIMECAP Management reduced to his holdings in Greatbatch Inc. by 38.05%. His sale prices were between $18.66 and $23.3, with an estimated average price of $21.3. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 303,799 shares as of 03/31/2009.
Greatbatch Inc. is a leading developer and manufacturer of critical components used in implantable medical devices and other technically demanding applications. Greatbatch Inc. has a market cap of $501.2 million; its shares were traded at around $21.75 with a P/E ratio of 13.3 and P/S ratio of 1.
Reduced: Sycamore Networks Inc. (SCMR)
PRIMECAP Management reduced to his holdings in Sycamore Networks Inc. by 34.09%. His sale prices were between $2.35 and $2.81, with an estimated average price of $2.6. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 58,000 shares as of 03/31/2009.
Sycamore Networks Inc. develop and market products that transport voice and data traffic over wavelengths of light. The products are designed to enable the customers to quickly and cost effectively create usable network capacity over existing fiber and thereby to create new high speed data services. The company's customers are new and established providers of local voice and data transport services long distance carriers Internet service providers cable operators foreign telephone companies and carriers who provide services to other carriers. Sycamore Networks Inc. has a market cap of $811.8 million; its shares were traded at around $2.86 with and P/S ratio of 7.
Reduced: Avid Technology Inc. (AVID)
PRIMECAP Management reduced to his holdings in Avid Technology Inc. by 22.25%. His sale prices were between $8.67 and $11.54, with an estimated average price of $10.2. The impact to his portfolio due to this sale was -0.01%. PRIMECAP Management still held 2,285,396 shares as of 03/31/2009.
Avid Technology Inc. develops markets sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media are media elements whether video or audio or graphics in which the image sound or picture is recorded and stored asdigital values as opposed to analog signals. The company's systems are designed to improve the productivity of video and film editors by enabling them to edit moving pictures and sound in a faster easier and more cost-effective manner than traditional analog tape-based systems. Avid Technology Inc. has a market cap of $459.9 million; its shares were traded at around $12.32 with and P/S ratio of 0.6.
Reduced: Emulex Corp. (ELX)
PRIMECAP Management reduced to his holdings in Emulex Corp. by 49.88%. His sale prices were between $4.72 and $7.53, with an estimated average price of $5.9. The impact to his portfolio due to this sale was -0.01%. PRIMECAP Management still held 2,530,500 shares as of 03/31/2009.
Emulex is a leading designer developer and supplier of a broad line of fibre channel host adapters hubs ASICs and software products that enhanceaccess to and storage of electronic data and applications. Their products are based on internally developed ASIC technology are deployable across a variety of heterogeneous network configurations and operating systems and support increasing volumes of stored data. Emulex Corp. has a market cap of $861 million; its shares were traded at around $10.43 with a P/E ratio of 22.7 and P/S ratio of 1.8.
Reduced: AFLAC Inc. (AFL)
PRIMECAP Management reduced to his holdings in AFLAC Inc. by 22.94%. His sale prices were between $13.44 and $43.19, with an estimated average price of $22.6. The impact to his portfolio due to this sale was -0.01%. PRIMECAP Management still held 800,000 shares as of 03/31/2009.
AFLAC Inc. is a general business holding company and acts as a management company overseeing the operations of its subsidiaries by providing management services and making capital available. Its primary business is supplemental health and life insurance which is marketed and administered primarily through its subsidiary American Family Life Assurance Company of Columbus. AFLAC Inc. has a market cap of $14.79 billion; its shares were traded at around $31.65 with a P/E ratio of 7.5 and P/S ratio of 0.8. The dividend yield of AFLAC Inc. stocks is 3.5%. AFLAC Inc. had an annual average earning growth of 17.3% over the past 10 years. GuruFocus rated AFLAC Inc. the business predictability rank of 5-star.
Reduced: Yahoo! Inc. (YHOO)
PRIMECAP Management reduced to his holdings in Yahoo! Inc. by 31.93%. His sale prices were between $11.32 and $13.63, with an estimated average price of $12.7. The impact to his portfolio due to this sale was -0.01%. PRIMECAP Management still held 1,038,500 shares as of 03/31/2009.
Yahoo! Inc. is a global Internet communications commerce and media company that offers a comprehensive branded network of services. As one of the first online navigational guides to the World Wide Web Yahoo! is one of the leading guides in terms of traffic advertising and household and business user reach. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients. Yahoo! Inc. has a market cap of $20.24 billion; its shares were traded at around $14.52 with a P/E ratio of 33 and P/S ratio of 2.8. Yahoo! Inc. had an annual average earning growth of 20.4% over the past 5 years.
Reduced: Avery Dennison Corp. (AVY)
PRIMECAP Management reduced to his holdings in Avery Dennison Corp. by 57.53%. His sale prices were between $17.4 and $30.75, with an estimated average price of $23.3. The impact to his portfolio due to this sale was -0.02%. PRIMECAP Management still held 520,500 shares as of 03/31/2009.
Avery Dennision Corporation produces pressure-sensitive adhesives and materials and the production of consumer and converted products. Some pressure-sensitive adhesives and materials are ``converted`` into labels and other products through embossing printing stamping and die-cutting and some are sold in unconverted form as base materials tapes and reflective sheeting. The company also manufactures and sells a variety of consumer and converted products and other items not involving pressure-sensitive components such as notebooks three-ring binders among others. Avery Dennison Corp. has a market cap of $2.81 billion; its shares were traded at around $26.42 with a P/E ratio of 11.2 and P/S ratio of 0.4. The dividend yield of Avery Dennison Corp. stocks is 6.2%. Avery Dennison Corp. had an annual average earning growth of 4.4% over the past 10 years. GuruFocus rated Avery Dennison Corp. the business predictability rank of 4.5-star.
Reduced: Avon Products Inc. (AVP)
PRIMECAP Management reduced to his holdings in Avon Products Inc. by 54.74%. His sale prices were between $15.68 and $22.78, with an estimated average price of $19.4. The impact to his portfolio due to this sale was -0.03%. PRIMECAP Management still held 1,340,000 shares as of 03/31/2009.
Avon Products Inc. is one of the world's leading manufacturers and marketers of beauty and related products which include cosmetics fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products. Avon Products Inc. has a market cap of $9.72 billion; its shares were traded at around $22.43 with a P/E ratio of 12.2 and P/S ratio of 0.9. The dividend yield of Avon Products Inc. stocks is 3.8%.
Reduced: Viacom Inc. (VIA-B)
PRIMECAP Management reduced to his holdings in Viacom Inc. by 71.98%. His sale prices were between $13.92 and $18.48, with an estimated average price of $16. The impact to his portfolio due to this sale was -0.03%. PRIMECAP Management still held 909,255 shares as of 03/31/2009.
Viacom is a leading global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks BET Networks Paramount Pictures Paramount Home Entertainment and DreamWorks. MTV Networks a unit of Viacom is one of the world's leading creators of programming and content across all media platforms. MTV Networks connects with its audiences through its robust consumer products businesses and its more than three hundred interactive properties worldwide including online broadband wireless and interactive television services and also has licensing agreements joint ventures and syndication deals whereby all of its programming services can be seen worldwide. Viacom Inc. has a market cap of $10.57 billion; its shares were traded at around $19.25 with a P/E ratio of 8 and P/S ratio of 0.7.
Reduced: Arch Coal Inc. (ACI)
PRIMECAP Management reduced to his holdings in Arch Coal Inc. by 21.8%. His sale prices were between $12.53 and $18.04, with an estimated average price of $15. The impact to his portfolio due to this sale was -0.04%. PRIMECAP Management still held 6,300,379 shares as of 03/31/2009.
ASHLAND COAL INC. is engaged in the mining processing and marketing of low-sulfur bituminous coal. The Company sells its coal primarily to electric utilities in the eastern United States. The Company also exports coal primarily to European customers. Arch Coal Inc. has a market cap of $2.38 billion; its shares were traded at around $16.68 with a P/E ratio of 7.8 and P/S ratio of 0.8. The dividend yield of Arch Coal Inc. stocks is 2.1%.
Reduced: Sepracor Inc. (SEPR)
PRIMECAP Management reduced to his holdings in Sepracor Inc. by 64.21%. His sale prices were between $12.26 and $16.86, with an estimated average price of $14.6. The impact to his portfolio due to this sale was -0.04%. PRIMECAP Management still held 2,065,248 shares as of 03/31/2009.
Sepracor Inc. is a leading specialty pharmaceutical company focused on the cost-effective development of safer purer and more effective drugs that are improved versions of widely-prescribed pharmaceutical compounds. Typically these Improved Chemical Entities are patented single-isomer or active-metabolite forms of the parent compound. The Company selects for development compounds with the potential to offer improvements over existing therapies with respect to efficacy side-effect profile or both. Sepracor Inc. has a market cap of $1.58 billion; its shares were traded at around $14.51 with a P/E ratio of 7.5 and P/S ratio of 1.3.
Reduced: Brocade Communications Systems Inc. New (BRCD)
PRIMECAP Management reduced to his holdings in Brocade Communications Systems Inc. New by 66.26%. His sale prices were between $2.16 and $3.96, with an estimated average price of $3.3. The impact to his portfolio due to this sale was -0.04%. PRIMECAP Management still held 7,081,200 shares as of 03/31/2009.
Brocade Communications Systems Inc. delivers industry-leading platforms solutions and services for intelligently connecting managing and optimizing IT resources in shared storage environments. The world's premier systems server and storage providers offer the Brocade SilkWorm family of Storage Area Network connectivity platforms as the foundation for shared storage in organizations of all sizes. In addition the Brocade Tapestry family of IT infrastructure solutions extends the ability to proactively manage and optimize application and information resources across the enterprise. Using Brocade solutions organizations are better positioned to reduce cost manage complexity and satisfy business compliance requirements through optimized use and management of their IT resources. Brocade Communications Systems Inc. New has a market cap of $2.14 billion; its shares were traded at around $5.53 with a P/E ratio of 9.2 and P/S ratio of 1.5. Brocade Communications Systems Inc. New had an annual average earning growth of 113.4% over the past 5 years.
Reduced: Micron Technology Inc. (MU)
PRIMECAP Management reduced to his holdings in Micron Technology Inc. by 46.11%. His sale prices were between $2.81 and $4.17, with an estimated average price of $3.5. The impact to his portfolio due to this sale was -0.14%. PRIMECAP Management still held 30,346,607 shares as of 03/31/2009.
Micron Technology Inc. has established itself as one of the leading worldwide providers of semiconductor memory solutions. The company's quality memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing consumer electronics CAD/CAM telecommunications office automation network and data processing and graphics display. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions. Micron Technology Inc. has a market cap of $3.62 billion; its shares were traded at around $4.32 with and P/S ratio of 0.7.
Sold Out: State Street Corp. (STT)
PRIMECAP Management sold out his holdings in State Street Corp.. His sale prices were between $17.97 and $41.55, with an estimated average price of $26.8. The impact to his portfolio due to this sale was less than 0.01%.
State Street Corporation is the world's leading specialist in providing sophisticated global investors with investment servicing investment management investment research and trading services. Customers include mutual funds and other collective investment funds corporate and public pension funds corporations unions and not-for-profit organizations in and outside of the United States. State Street Corp. has a market cap of $15.97 billion; its shares were traded at around $36.83 with a P/E ratio of 7.6 and P/S ratio of 1.2. The dividend yield of State Street Corp. stocks is 0.1%. State Street Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated State Street Corp. the business predictability rank of 3-star.
Sold Out: TCF Financial Corp. (TCB)
PRIMECAP Management sold out his holdings in TCF Financial Corp.. His sale prices were between $8.97 and $13.98, with an estimated average price of $11.8. The impact to his portfolio due to this sale was less than 0.01%.
TCF is a Wayzata Minnesota-based national financial holding company. TCF has banking offices in Minnesota Illinois Michigan Wisconsin Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance mortgage banking discount brokerage and investments and insurance sales. They are a national financial holding company of one federally chartered bank TCF National Bank. TCF Financial Corp. has a market cap of $1.8 billion; its shares were traded at around $14.1 with a P/E ratio of 17 and P/S ratio of 1.2. The dividend yield of TCF Financial Corp. stocks is 1.4%. TCF Financial Corp. had an annual average earning growth of 7.7% over the past 10 years. GuruFocus rated TCF Financial Corp. the business predictability rank of 4.5-star.
Sold Out: Advance America Cash Advance Centers Inc (AEA)
PRIMECAP Management sold out his holdings in Advance America Cash Advance Centers Inc. His sale prices were between $0.89 and $2.07, with an estimated average price of $1.4. The impact to his portfolio due to this sale was less than 0.01%.
Advance America Cash Advance Centers Inc. is the largest provider of payday cash advance services in the United States as measured by the number of payday cash advance centers operated. Payday cash advances are small-denomination short-term unsecured advances that are typically due on the customer's next payday. They provide these services primarily to middle-income working individuals. Advance America Cash Advance Centers Inc has a market cap of $290.3 million; its shares were traded at around $4.71 with a P/E ratio of 7 and P/S ratio of 0.4. The dividend yield of Advance America Cash Advance Centers Inc stocks is 5.3%.
Sold Out: VISA INC (V)
PRIMECAP Management sold out his holdings in VISA INC. His sale prices were between $44.16 and $56.62, with an estimated average price of $52.3. The impact to his portfolio due to this sale was less than 0.01%.
VISA operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions merchants consumers businesses and government entities. VISA INC has a market cap of $54.57 billion; its shares were traded at around $64.47 with a P/E ratio of 24 and P/S ratio of 8.7. The dividend yield of VISA INC stocks is 0.6%.
Sold Out: Viacom Inc. (VIA)
PRIMECAP Management sold out his holdings in Viacom Inc.. His sale prices were between $15.21 and $20.02, with an estimated average price of $17.4. The impact to his portfolio due to this sale was less than 0.01%.
Viacom is a leading global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks BET Networks Paramount Pictures Paramount Home Entertainment and DreamWorks. MTV Networks a unit of Viacom is one of the world's leading creators of programming and content across all media platforms. MTV Networks connects with its audiences through its robust consumer products businesses and its more than three hundred interactive properties worldwide including online broadband wireless and interactive television services and also has licensing agreements joint ventures and syndication deals whereby all of its programming services can be seen worldwide. Viacom Inc. has a market cap of $1.18 billion; its shares were traded at around $20.62 with a P/E ratio of 9.2 and P/S ratio of 0.1.
Sold Out: BGC Partners (BGCP)
PRIMECAP Management sold out his holdings in BGC Partners. His sale prices were between $1.66 and $3.06, with an estimated average price of $2.3. The impact to his portfolio due to this sale was less than 0.01%.
BGC PARTNERS INC. is a leading global full-service inter-dealer broker specializing in the trading of financial instruments and related derivatives products. BGC Partners provides integrated voice hybrid and fully electronic execution and other brokerage services to some of the world?s largest and most credit worthy banks broker-dealers investment banks and investment firms for a broad range of global financial products including fixed income securities foreign exchange equity derivatives credit derivatives futures structured products and other instruments. Through its eSpeed and BGCantor Market Data brands BGC also offers financial technology solutions and market data and analytics related to selected financial instruments and markets. Named after fixed income trading innovator B. Gerald Cantor BGC Partners has offices in New York and London as well as in Beijing Chicago Copenhagen Hong Kong Istanbul Mexico City Nyon Paris Seoul Singapore Sydney Toky BGC Partners has a market cap of $187.6 million; its shares were traded at around $2.33 with a P/E ratio of 5.8 and P/S ratio of 0.2. The dividend yield of BGC Partners stocks is 6.9%.
Sold Out: Arkansas Best Corp. (ABFS)
PRIMECAP Management sold out his holdings in Arkansas Best Corp.. His sale prices were between $17.08 and $26.07, with an estimated average price of $21.4. The impact to his portfolio due to this sale was less than 0.01%.
Arkansas Best Corporation is a diversified holding company engaged through its motor carrier subsidiaries in less-than-truckload and truckload shipments of general commodities through its freight forwarding and logistics subsidiaries in intermodal marketing and freight logistics services. Arkansas Best Corp. has a market cap of $561.8 million; its shares were traded at around $22.21 with a P/E ratio of 46.3 and P/S ratio of 0.3. The dividend yield of Arkansas Best Corp. stocks is 2.6%. Arkansas Best Corp. had an annual average earning growth of 1.2% over the past 10 years.
Sold Out: Silicon Laboratories Inc. (SLAB)
PRIMECAP Management sold out his holdings in Silicon Laboratories Inc.. His sale prices were between $21.8 and $26.96, with an estimated average price of $24.1. The impact to his portfolio due to this sale was less than 0.01%.
Silicon Laboratories Inc. design and develop proprietary analog-intensive mixed-signal integrated circuits for the rapidly growing communications industry. Mixed-signal integrated circuits are electronic components that convert real-world analog signals such as sound and radio waves into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products including cellular telephones cable and satellite set-top boxes modems and fax machines. Silicon Laboratories Inc. has a market cap of $1.32 billion; its shares were traded at around $29.45 with a P/E ratio of 36.4 and P/S ratio of 3.2.
Sold Out: MF Global Ltd. (MF)
PRIMECAP Management sold out his holdings in MF Global Ltd.. His sale prices were between $2.7 and $4.34, with an estimated average price of $3.6. The impact to his portfolio due to this sale was less than 0.01%.
MF Global Ltd. formerly Man Financial is the leading broker of exchange-listed futures and options in the world. It provides execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market. MF Global Ltd. has a market cap of $654.4 million; its shares were traded at around $5.45 with and P/S ratio of 0.1.
Sold Out: SLM Corp. (SLM)
PRIMECAP Management sold out his holdings in SLM Corp.. His sale prices were between $3.28 and $11.5, with an estimated average price of $7.6. The impact to his portfolio due to this sale was less than 0.01%.
SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. The company provides a wide range of financial services processing capabilities and information technology to meet the needs of educational institutions lenders students and guarantee agencies. SLM Corp. has a market cap of $2.53 billion; its shares were traded at around $5.42 with a P/E ratio of 7.9 and P/S ratio of 0.4. SLM Corp. had an annual average earning growth of 12.8% over the past 10 years.
Sold Out: Fifth Third Bancorp (FITB)
PRIMECAP Management sold out his holdings in Fifth Third Bancorp. His sale prices were between $1.03 and $7.46, with an estimated average price of $2.8. The impact to his portfolio due to this sale was less than 0.01%.
Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. They engage primarily in commercial retail and trust banking data processing services investment advisory services and leasing activities. In addition the company provides credit lifeaccident health and mortgage insurance discount brokerage services andproperty management for its properties. Fifth Third Bancorp has a market cap of $4.06 billion; its shares were traded at around $7.02 with and P/S ratio of 0.5. The dividend yield of Fifth Third Bancorp stocks is 0.6%. Fifth Third Bancorp had an annual average earning growth of 8% over the past 10 years.
Sold Out: East West Bancorp Inc. (EWBC)
PRIMECAP Management sold out his holdings in East West Bancorp Inc.. His sale prices were between $3.69 and $12.24, with an estimated average price of $7.6. The impact to his portfolio due to this sale was less than 0.01%.
East West Bancorp Inc. is the holding company for East West Bank East West Capital Trust I East West Capital Trust II and Risk Services Inc. East West Bancorp Inc. has a market cap of $515.7 million; its shares were traded at around $8.09 with and P/S ratio of 0.8. The dividend yield of East West Bancorp Inc. stocks is 1%. East West Bancorp Inc. had an annual average earning growth of 16% over the past 10 years.
Sold Out: Capital One Financial Corp. (COF)
PRIMECAP Management sold out his holdings in Capital One Financial Corp.. His sale prices were between $8.29 and $28.49, with an estimated average price of $15.1. The impact to his portfolio due to this sale was less than 0.01%.
Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. The corporation's principal subsidiary Capital One Bank offers credit card products. Capital One Services Inc. another subsidiary of the corporation provides various operating administrative and other services to the corporation and its subsidiaries. Capital One Financial Corp. has a market cap of $9.39 billion; its shares were traded at around $23.96 with a P/E ratio of 70.5 and P/S ratio of 0.6. The dividend yield of Capital One Financial Corp. stocks is 0.7%. Capital One Financial Corp. had an annual average earning growth of 16.3% over the past 10 years.
Sold Out: KBW Inc. (KBW)
PRIMECAP Management sold out his holdings in KBW Inc.. His sale prices were between $14.21 and $21.51, with an estimated average price of $18.3. The impact to his portfolio due to this sale was less than 0.01%.
KBW INC. through its subsidiaries Keefe Bruyette & Woods Inc. Keefe Bruyette & Woods Limited and KBW Asset Management is a full service investment bank specializing in the North American and European financial services sectors. The firm is widely recognized as a leading authority in the banking insurance brokerage asset management mortgage banking REIT and specialty finance sectors. KBW Inc. has a market cap of $829.7 million; its shares were traded at around $23.76 with and P/S ratio of 3.4.
Sold Out: Internap Network Services Corp. (INAP)
PRIMECAP Management sold out his holdings in Internap Network Services Corp.. His sale prices were between $2.42 and $3.06, with an estimated average price of $2.7. The impact to his portfolio due to this sale was less than 0.01%.
InterNAP Network Services Corp is a provider of high performance Internet connectivity services targeted at businesses seeking to maximize the performance of mission-critical Internet-based applications. Customers connected to one of their service points have their data optimally routed to and from destinations on the Internet using their overlay network which analyzes the traffic situation on the multiplicity of networks that comprise the Internet and delivers mission-critical information and communications faster and more reliably. Internap Network Services Corp. has a market cap of $114.5 million; its shares were traded at around $2.28 with and P/S ratio of 0.5. Internap Network Services Corp. had an annual average earning growth of 7.3% over the past 5 years.
Sold Out: NV ENERGY, INC. (NVE)
PRIMECAP Management sold out his holdings in NV ENERGY, INC.. His sale prices were between $8.2 and $10.79, with an estimated average price of $9.7. The impact to his portfolio due to this sale was less than 0.01%.
Sierra Pacific Resources the holding company for Sierra Pacific Power Company provide electricity to more than 286000 customers in the area of northern Nevada and northeastern California including world-famous Reno and Lake Tahoe. The company also provide natural gas and water service to customers in the greater Reno metropolitan area. Other operating subsidiaries of the company include the Tuscarora Gas Pipeline Company Lands of Sierra Sierra Energy Company eothree and Sierra Water Development Company. NV ENERGY, INC. has a market cap of $2.39 billion; its shares were traded at around $10.19 with a P/E ratio of 14.8 and P/S ratio of 0.7. The dividend yield of NV ENERGY, INC. stocks is 4%.
Sold Out: A.C. Moore Arts & Crafts Inc. (ACMR)
PRIMECAP Management sold out his holdings in A.C. Moore Arts & Crafts Inc.. His sale prices were between $1.26 and $1.82, with an estimated average price of $1.5. The impact to his portfolio due to this sale was less than 0.01%.
A.C. Moore Arts & Crafts Inc. is a rapidly growing operator of arts and crafts superstores that offer a vast assortment of traditional and contemporary arts and crafts merchandise for a wide range of customers. The company's business strategy is to provide the broadest and deepest selection of high quality merchandise at the lowest prices in an inviting attractive superstore environment with superior customer service. The company's objective is to become the leading arts and crafts retailer in each of its markets. A.C. Moore Arts & Crafts Inc. has a market cap of $64.6 million; its shares were traded at around $3.13 with and P/S ratio of 0.1.
Sold Out: Dolby Laboratories Inc. (DLB)
PRIMECAP Management sold out his holdings in Dolby Laboratories Inc.. His sale prices were between $25.56 and $34.02, with an estimated average price of $30.6. The impact to his portfolio due to this sale was less than 0.01%.
Dolby Laboratories develops and delivers products and technologies that make the entertainment experience more realistic and immersive. For nearly four decades Dolby has been at the forefront of defining high-quality audio and surround sound in cinema broadcast home audio systems cars DVDs headphones games televisions and personal computers. Based in San Francisco with headquarters in England the company has entertainment industry liaison offices in New York and Los Angeles and licensing liaison offices in London Shanghai Beijing Hong Kong and Tokyo. Dolby Laboratories Inc. has a market cap of $4.25 billion; its shares were traded at around $37.74 with a P/E ratio of 19.1 and P/S ratio of 6.6.
Sold Out: Citigroup Inc. (C)
PRIMECAP Management sold out his holdings in Citigroup Inc.. His sale prices were between $1.03 and $6.73, with an estimated average price of $3. The impact to his portfolio due to this sale was less than 0.01%.
Citigroup Inc. the leading global financial services company has some two hundred million customer accounts and does business in more than hundred countries providing consumers corporations governments and institutions with a broad range of financial products and services including consumer banking and credit corporate and investment banking securities brokerage and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank CitiFinancial Primerica Smith Barney and Banamex. Citigroup Inc. has a market cap of $18.8 billion; its shares were traded at around $3.41 with and P/S ratio of 0.4. Citigroup Inc. had an annual average earning growth of 5.1% over the past 10 years.
Rate This Article: |
  |