In a market like this, PRIMCAP Management seems to fair better, relatively. As long term manager of Vanguard Primcap Fund, they have built great track record. PRIMECAP Management owns 258 stocks with a total value of $55.9 billion. These are the details of the buys and sells during the third quarter.
PRIMECAP Management buys ROCHE HOLDING LTD S/ADR, Expeditors International of Washington I, International Business Machines Corp, Arkansas Best Corp., Nucor Corp., Interval Leisure Group Inc., HSN Inc., Goodrich Corp., GLG PARTNERS, INC., CEPHEID, Ticketmaster, sells American International Group Inc., UAL Corp., Tellabs Inc., Rohm and Haas Company, Freddie Mac, Fannie Mae, Chevron Corp., Basin Water Inc., Alpha Natural Resources Inc., Waters Corp. during the 3-months ended 09/30/2008, according to the most recent filings of his investment company, PRIMECAP Management.
New Purchases: ABFS, CPHD, EXPD, GLG, GR, HSNI, IBM, IILG, NUE, TKTM,
Added Positions: AMGN, AMZN, ARRS, BRS, BTU, CBI, CERN, CHRW, CMI, CP, DYAX, EOG, FARO, FLEX, GOOG, GUID, HON, KCI, LLY, MDR, MDT, MEDX, MVSN, NUAN, NVDA, OII, OSUR, PG, PGR, REXX, SNDK, SNY, SRDX, WMT, WYE, LLY, PXP,
Reduced Positions: CNI, DE, GB, GE, HAFC, IACI, INAP, MTX, SCMR, THQI, VRSN, COT, DBRN, ENTG,
Sold Out: AIG, ANR, BWTR, CVX, FNM, FRE, ROH, TLAB, UAUA, WAT,
For the details of PRIMECAP Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=PRIMECAP+Management
Added: Google Inc. (GOOG, Financial)
PRIMECAP Management added to his holdings in Google Inc. by 54.89%. His purchase prices were between $431.04 and $537, with an estimated average price of $479.5. The impact to his portfolio due to this purchase was 0.67%. His holdings were 2,628,690 shares as of 09/30/2008.
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 $91.44 billion; its shares were traded at around $311.46 with a P/E ratio of 18.11 and P/S ratio of 4.68.
Added: C.H. Robinson Worldwide Inc. (CHRW, Financial)
PRIMECAP Management added to his holdings in C.H. Robinson Worldwide Inc. by 652.05%. His purchase prices were between $47.6 and $56.86, with an estimated average price of $52.4. The impact to his portfolio due to this purchase was 0.55%. His holdings were 6,910,600 shares as of 09/30/2008.
C.H. Robinson Worldwide Inc. is one of the largest third-party logistics companies in North America. C.H. Robinson is a global provider of multimodal transportation services and logistics solutions operating through a network of offices in North America South America and Europe. C.H. Robinson maintains the single largest network of motor carrier capacity in North America through contracts with motor carriers and is one of the largest third-party providers of intermodal services in the United States. (PRESS RELEASE) C.H. Robinson Worldwide Inc. has a market cap of $8.61 billion; its shares were traded at around $52.45 with a P/E ratio of 24.81 and P/S ratio of 1.03. The dividend yield of C.H. Robinson Worldwide Inc. stocks is 1.7%.
Added: Honeywell International Inc. (HON, Financial)
PRIMECAP Management added to his holdings in Honeywell International Inc. by 88.6%. His purchase prices were between $44.17 and $51.04, with an estimated average price of $49. The impact to his portfolio due to this purchase was 0.37%. His holdings were 10,694,705 shares as of 09/30/2008.
Honeywell International is a diversified technology and manufacturing company serving customers worldwide with aerospace products and services control technologies for buildings homes and industry automotive products power generation systems specialty chemicals fibers plastics and electronic and advanced materials. Its operations are conducted by strategic business units which have been aggregated under four reportable segments: Aerospace Solutions Automation & Asset Management Performance Materials and Power & Transportation Products. Honeywell International Inc. has a market cap of $19.41 billion; its shares were traded at around $27.38 with a P/E ratio of 7.23 and P/S ratio of 0.54. The dividend yield of Honeywell International Inc. stocks is 3.61%.
Added: McDermott International Inc. (MDR, Financial)
PRIMECAP Management added to his holdings in McDermott International Inc. by 104.1%. His purchase prices were between $28.47 and $58.31, with an estimated average price of $41.1. The impact to his portfolio due to this purchase was 0.23%. His holdings were 9,915,422 shares as of 09/30/2008.
McDermott International is one of the leading worldwide energy services companies. The company's subsidiaries manufacture steam-generating equipment environmental equipment and products for the U.S. government. They also provide engineering and construction services for industrial utility and hydrocarbon processing facilities and to the offshore oil and natural gas industry. (Company Press Release) McDermott International Inc. has a market cap of $1.82 billion; its shares were traded at around $9.02 with a P/E ratio of 3.37 and P/S ratio of 0.32.
Added: NVIDIA Corp. (NVDA, Financial)
PRIMECAP Management added to his holdings in NVIDIA Corp. by 34.26%. His purchase prices were between $10.19 and $13.61, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 0.18%. His holdings were 36,452,524 shares as of 09/30/2008.
NVIDIA Corporation designs develops and markets a `top-to-bottom` family of award-winning 3D graphics processors graphics processing units and related software that set the standard for performance quality and features for every type of desktop personal computer user from professional workstations to low-cost computers. NVIDIA Corporation's 3D graphics processors are used in a wide variety of applications including games the Internet and industrial design. NVIDIA Corp. has a market cap of $3.99 billion; its shares were traded at around $7.8 with a P/E ratio of 11.67 and P/S ratio of 1.02.
Added: Eli Lilly and Company (LLY, Financial)
PRIMECAP Management added to his holdings in Eli Lilly and Company by 4.07%. His purchase prices were between $45.44 and $48.78, with an estimated average price of $47.1. The impact to his portfolio due to this purchase was 0.17%. His holdings were 56,735,893 shares as of 09/30/2008.
Eli Lilly and Company discovers develops manufactures and sells products in one significant business segment -pharmaceutical products. The company directs its research efforts primarily toward the search for products to diagnose prevent and treat human diseases. The company also conducts research to find products to treat diseases in animals and to increase the efficiency of animal food production. Eli Lilly and Company has a market cap of $36.37 billion; its shares were traded at around $33.97 with a P/E ratio of 14.51 and P/S ratio of 1.87. The dividend yield of Eli Lilly and Company stocks is 5.56%.
Added: EOG Resources Inc. (EOG, Financial)
PRIMECAP Management added to his holdings in EOG Resources Inc. by 28.74%. His purchase prices were between $90.65 and $120.36, with an estimated average price of $101.8. The impact to his portfolio due to this purchase was 0.16%. His holdings were 4,418,900 shares as of 09/30/2008.
EOG Resources Inc. is engaged either directly or through a marketing subsidiary with regard to domestic operations or through various subsidiaries with regard to international operations in the exploration for and the development production and marketing of natural gas and crude oil primarily in major producing basins in the United States as well as in Canada and Trinidad. The company's business strategy is to maximize the rate of return on investment of capital by controlling all operating and capital costs. EOG Resources Inc. has a market cap of $19.01 billion; its shares were traded at around $78.82 with a P/E ratio of 8.17 and P/S ratio of 3.09. The dividend yield of EOG Resources Inc. stocks is 0.67%.
Added: Peabody Energy Corp. (BTU, Financial)
PRIMECAP Management added to his holdings in Peabody Energy Corp. by 43.47%. His purchase prices were between $48.54 and $77.4, with an estimated average price of $61.9. The impact to his portfolio due to this purchase was 0.15%. His holdings were 6,157,600 shares as of 09/30/2008.
Peabody Energy is the largest private-sector coal company in the world. They offer a broad portfolio of coal supplies including coal produced from operations that Peabody Energy manages or owns majority interests in along with brokered coal secured by Peabody Coaltrade. Peabody Energy Corp. has a market cap of $6.79 billion; its shares were traded at around $29.1 with a P/E ratio of 9.95 and P/S ratio of 1.31. The dividend yield of Peabody Energy Corp. stocks is 0.7%.
Added: Medtronic Inc. (MDT, Financial)
PRIMECAP Management added to his holdings in Medtronic Inc. by 3.65%. His purchase prices were between $50.87 and $56.29, with an estimated average price of $53.1. The impact to his portfolio due to this purchase was 0.12%. His holdings were 39,255,653 shares as of 09/30/2008.
Medtronic is the world's leading medical technology company pioneeringdevice-based therapies that restore health extend life and alleviate pain.Primary products include those for bradycardia pacing tachyarrhythmiamanagement atrial fibrillation management among others. Medtronic operates its business in one reportable segment that of manufacturing and selling device-based medical therapies. The company does business in more than 120 countries. The company's product lines include cardiac rhythm management neurological and spinal vascular and cardiac surgery. Medtronic Inc. has a market cap of $42.56 billion; its shares were traded at around $40.08 with a P/E ratio of 18.61 and P/S ratio of 3.21. The dividend yield of Medtronic Inc. stocks is 1.86%.
Added: Amgen Inc. (AMGN, Financial)
PRIMECAP Management added to his holdings in Amgen Inc. by 3.64%. His purchase prices were between $50.84 and $65.06, with an estimated average price of $59.3. The impact to his portfolio due to this purchase was 0.12%. His holdings were 33,198,248 shares as of 09/30/2008.
Amgen Inc. discovers develops and delivers innovative human therapeutics. A biotechnology pioneer Amgen was one of the first companies to realize the new science's promise by bringing safe and effective medicines from lab to manufacturing plant to patient. Amgen therapeutics have changed the practice of medicine helping millions of people around the world in the fight against cancer kidney disease rheumatoid arthritis and other serious illnesses. With a deep and broad pipeline of potential new medicines Amgen remains committed to advancing science to dramatically improve people's lives. Amgen Inc. has a market cap of $58.74 billion; its shares were traded at around $58.43 with a P/E ratio of 14.75 and P/S ratio of 4.13.
Added: Amazon.com Inc. (AMZN, Financial)
PRIMECAP Management added to his holdings in Amazon.com Inc. by 29.73%. His purchase prices were between $68.54 and $86.4, with an estimated average price of $77.4. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,639,100 shares as of 09/30/2008.
Amazon.com Inc. seeks to be the world's most customer-centric company where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books music DVDs videos consumer electronics toys camera and photo items software computer and video games tools and hardware lawn and patio items kitchen products and wireless products. Amazon.com Inc. has a market cap of $17.82 billion; its shares were traded at around $46.3 with a P/E ratio of 28.50 and P/S ratio of 1.09.
Added: Wyeth (WYE)
PRIMECAP Management added to his holdings in Wyeth by 44.36%. His purchase prices were between $38.07 and $47.55, with an estimated average price of $42.5. The impact to his portfolio due to this purchase was 0.09%. His holdings were 4,202,442 shares as of 09/30/2008.
Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies. It is a leader in the discovery development manufacturing and marketing of pharmaceuticals vaccines biotechnology products and non-prescription medicines that improve the quality of life for people worldwide. The Company's major divisions include Wyeth Pharmaceuticals Wyeth Consumer Healthcare and Fort Dodge Animal Health. Wyeth has a market cap of $43.19 billion; its shares were traded at around $32.99 with a P/E ratio of 9.80 and P/S ratio of 1.89. The dividend yield of Wyeth stocks is 3.48%.
Added: Oceaneering International Inc. (OII)
PRIMECAP Management added to his holdings in Oceaneering International Inc. by 106.7%. His purchase prices were between $55.44 and $72.92, with an estimated average price of $62.2. The impact to his portfolio due to this purchase was 0.09%. His holdings were 1,759,600 shares as of 09/30/2008.
OCEANEERING INTERNATIONAL INC. is an advanced applied technology company that provides engineered services and hardware to customers who operate in marine space and other harsh environments. The company supplies a comprehensive range of integrated technical services to a wide array of industries and is one of the world's largest underwater services contractors. Oceaneering International Inc. has a market cap of $1.36 billion; its shares were traded at around $27.04 with a P/E ratio of 7.22 and P/S ratio of 0.76.
Added: SanDisk Corp. (SNDK)
PRIMECAP Management added to his holdings in SanDisk Corp. by 56.1%. His purchase prices were between $13.66 and $22.52, with an estimated average price of $17.1. The impact to his portfolio due to this purchase was 0.08%. His holdings were 6,456,762 shares as of 09/30/2008.
Sandisk Corporation designs manufactures and markets flash memory storage products that are used in a wide variety of electronic systems. The company have designed flash memory storage solutions to address the storage requirements of emerging applications in the consumer electronics and industrial/communications markets. Its products are used in a number of rapidly growing consumer electronics applications such as digital cameras personal digital assistants portable digital music playersdigital video recorders and smart phones. SanDisk Corp. has a market cap of $1.74 billion; its shares were traded at around $8.76 with P/S ratio of 0.53.
Added: Canadian Pacific Railway Ltd. (CP)
PRIMECAP Management added to his holdings in Canadian Pacific Railway Ltd. by 33.83%. His purchase prices were between $56.41 and $67.29, with an estimated average price of $60.3. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,760,330 shares as of 09/30/2008.
Canadian Pacific Railway is North America's first transcontinental railway and is the only transcontinental carrier with direct service to the U.S. Eastern Seaboard. Canadian Pacific Railway Ltd. has a market cap of $5.64 billion; its shares were traded at around $41.39 with a P/E ratio of 8.91 and P/S ratio of 1.58. The dividend yield of Canadian Pacific Railway Ltd. stocks is 2.06%.
Added: The Procter & Gamble Company (PG)
PRIMECAP Management added to his holdings in The Procter & Gamble Company by 137.98%. His purchase prices were between $62.65 and $72.69, with an estimated average price of $67.7. The impact to his portfolio due to this purchase was 0.03%. His holdings were 380,762 shares as of 09/30/2008.
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Products fall into five business segments: fabric and home care paper beauty care health care and food and beverage. Today P&G markets more than 250 products to more than five billion consumers in 130 countries. The Procter & Gamble Company has a market cap of $184.67 billion; its shares were traded at around $63.82 with a P/E ratio of 16.48 and P/S ratio of 2.23. The dividend yield of The Procter & Gamble Company stocks is 2.48%.
Added: Cerner Corp. (CERN)
PRIMECAP Management added to his holdings in Cerner Corp. by 112.97%. His purchase prices were between $44.22 and $49.34, with an estimated average price of $46.3. The impact to his portfolio due to this purchase was 0.03%. His holdings were 793,300 shares as of 09/30/2008.
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 $3 billion; its shares were traded at around $39.95 with a P/E ratio of 19.51 and P/S ratio of 2.02.
Added: Macrovision Corp. (MVSN)
PRIMECAP Management added to his holdings in Macrovision Corp. by 36.63%. His purchase prices were between $14.82 and $18.07, with an estimated average price of $16. The impact to his portfolio due to this purchase was 0.03%. His holdings were 3,879,253 shares as of 09/30/2008.
Macrovision Solutions enables the digital home entertainment experience by allowing businesses to protect enhance and distribute digital goods to consumers across multiple channels. The Macrovision Solutions technologies are deployed by companies in the entertainment consumer electronics cable and satellite and online distribution markets to solve industry-specific challenges and bring greater value to their customers. The result of deploying Macrovision?s solutions is a simple end user experience to discover acquire manage and enjoy digital content. Today the company provides connected middleware metadata on music games movies and television programming media recognition interactive programming guides as well as operating entertainment portals www.tvguide.com and www.allmusic.com and copyright protection. Macrovision Solutions is headquartered in Santa Clara California with approximately 13 offices across the United States and around the world. Macrovision Corp. has a market cap of $982.61 million; its shares were traded at around $10.08 with a P/E ratio of 6.44 and P/S ratio of 3.83.
Added: The Progressive Corp. (PGR)
PRIMECAP Management added to his holdings in The Progressive Corp. by 24.03%. His purchase prices were between $17.31 and $20.2, with an estimated average price of $18.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 3,514,644 shares as of 09/30/2008.
Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. Progressive is committed to providing independent agents with a financially strong company that offers competitive products designed specifically for the agency business; a strong national brand that drives consumers to independent agent's offices; 24-hour in-person services for them and their customers; and continued innovations in technology. (Company Press Release) The Progressive Corp. has a market cap of $8.23 billion; its shares were traded at around $12.33 with P/S ratio of 0.64. The dividend yield of The Progressive Corp. stocks is 1.02%.
Added: Flextronics International Ltd. (FLEX)
PRIMECAP Management added to his holdings in Flextronics International Ltd. by 24.76%. His purchase prices were between $7.71 and $9.44, with an estimated average price of $8.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 7,843,754 shares as of 09/30/2008.
Flextronic International is a leading provider of advanced electronics manufacturing services to OEMs primarily in the telecommunications and networking consumer electronics and computer industries. The company's strategy is to provide customers with the ability to outsource on a global basis a complete product wherethe company's take responsibility for engineering supply chain management assembly integration test andlogistics management. The company provides complete product design services including electrical and mechanical circuit and layout. Flextronics International Ltd. has a market cap of $2.53 billion; its shares were traded at around $3.4 with P/S ratio of 0.08.
Added: SanofiAventis (SNY)
PRIMECAP Management added to his holdings in SanofiAventis by 41.49%. His purchase prices were between $32.91 and $36.81, with an estimated average price of $35.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,026,400 shares as of 09/30/2008.
Sanofi-Synth?labo is a leading global pharmaceutical company. SanofiAventis has a market cap of $75.97 billion; its shares were traded at around $30.02 with a P/E ratio of 12.13 and P/S ratio of 2.15. The dividend yield of SanofiAventis stocks is 3.87%.
Added: Cummins Inc. (CMI)
PRIMECAP Management added to his holdings in Cummins Inc. by 932.36%. His purchase prices were between $46.03 and $69.82, with an estimated average price of $63.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 115,624 shares as of 09/30/2008.
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 $3.99 billion; its shares were traded at around $21.82 with a P/E ratio of 4.28 and P/S ratio of 0.30. The dividend yield of Cummins Inc. stocks is 2.68%.
Added: Chicago Bridge & Iron Company N.V. (CBI)
PRIMECAP Management added to his holdings in Chicago Bridge & Iron Company N.V. by 27.17%. His purchase prices were between $20.68 and $38.28, with an estimated average price of $31. The impact to his portfolio due to this purchase was 0.01%. His holdings were 927,900 shares as of 09/30/2008.
Chicago Bridge & Iron Company N.V. designs builds repairs and modifies steel tanks and other steel plate structures and associated systems. The Company designs and builds petroleum terminals refinery pressure vessels low temperature and cryogenic storage facilities and elevated water storage tanks for clients internationally. Chicago Bridge & Iron Company N.V. has a market cap of $750.74 million; its shares were traded at around $9.22 with P/S ratio of 0.15. The dividend yield of Chicago Bridge & Iron Company N.V. stocks is 1.29%.
Added: Kinetic Concepts Inc. (KCI)
PRIMECAP Management added to his holdings in Kinetic Concepts Inc. by 33.87%. His purchase prices were between $30.62 and $39.89, with an estimated average price of $35.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 926,400 shares as of 09/30/2008.
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 $1.69 billion; its shares were traded at around $24.24 with a P/E ratio of 9.04 and P/S ratio of 0.96.
Added: Bristow Group Inc. (BRS)
PRIMECAP Management added to his holdings in Bristow Group Inc. by 21.07%. His purchase prices were between $37.77 and $48.72, with an estimated average price of $41.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 635,000 shares as of 09/30/2008.
Bristow Group Inc. is a leading provider of helicopter services to the worldwide energy industry. Through its subsidiaries affiliates and joint ventures the Company has major transportation operations in the U.S. Gulf of Mexico and the North Sea and in most of the other major offshore oil and gas producing regions of the world including Alaska Australia Brazil Mexico Nigeria Russia and Trinidad. Additionally the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico. Bristow Group Inc. has a market cap of $585.22 million; its shares were traded at around $22.92 with a P/E ratio of 6.61 and P/S ratio of 0.61.
Added: Medarex Inc. (MEDX)
PRIMECAP Management added to his holdings in Medarex Inc. by 152.9%. His purchase prices were between $6.73 and $10.09, with an estimated average price of $7.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,704,300 shares as of 09/30/2008.
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 $737.90 million; its shares were traded at around $6.41 with P/S ratio of 15.62.
Added: Nuance Communications Inc. (NUAN)
PRIMECAP Management added to his holdings in Nuance Communications Inc. by 39.64%. His purchase prices were between $13.6 and $17.7, with an estimated average price of $15.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,122,000 shares as of 09/30/2008.
Nuance Communications Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies applications and services make the user experience more compelling by transforming the way people interact with information and how they create share and use documents. Nuance Communications Inc. has a market cap of $1.73 billion; its shares were traded at around $8.19 with P/S ratio of 2.34.
Added: WalMart Stores Inc. (WMT)
PRIMECAP Management added to his holdings in WalMart Stores Inc. by 84.89%. His purchase prices were between $56.06 and $62.41, with an estimated average price of $58.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 311,901 shares as of 09/30/2008.
Wal-Mart Stores Inc. is the world's largest retailer. They are engaged in the operation of mass merchandising stores which serve their customers primarily through the operation of three segments which are the Wal-Mart Stores segment the SAM'S Club segment and the International segment. WalMart Stores Inc. has a market cap of $207.01 billion; its shares were traded at around $54.75 with a P/E ratio of 15.66 and P/S ratio of 0.54. The dividend yield of WalMart Stores Inc. stocks is 1.7%.
Added: Rex Energy Corp. (REXX)
PRIMECAP Management added to his holdings in Rex Energy Corp. by 38.61%. His purchase prices were between $14.9 and $24.14, with an estimated average price of $20. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 14,000 shares as of 09/30/2008.
Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations pursuing its higher-potential exploration drilling and enhanced oil recovery projects and actively seeking to acquire complementary oil and natural gas properties. Rex Energy Corp. has a market cap of $167.49 million; its shares were traded at around $4.44 with P/S ratio of 1.87.
Added: Arris Group Inc (ARRS)
PRIMECAP Management added to his holdings in Arris Group Inc by 246.67%. His purchase prices were between $7.75 and $9.93, with an estimated average price of $9.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 104,000 shares as of 09/30/2008.
Arris Group Inc. is an international communications technology company serving the broadband information transport industries. Arris specializes in the manufacturing and distribution of products for hybrid fiber coax broadband networks as well as the design and engineering of these networks. Arris Group Inc has a market cap of $721.11 million; its shares were traded at around $6.14 with a P/E ratio of 15.09 and P/S ratio of 0.68.
Added: OraSure Technologies Inc. (OSUR)
PRIMECAP Management added to his holdings in OraSure Technologies Inc. by 197.87%. His purchase prices were between $3.98 and $5.59, with an estimated average price of $4.6. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 280,000 shares as of 09/30/2008.
OraSure Technologies Inc. is the market leader for oral fluid diagnostics. The Company develops manufactures and markets medical devices and diagnostic products for use by insurance companies public health agencies clinical laboratories physicians' offices and workplace sites. OraSure Technologies Inc. has a market cap of $132.13 million; its shares were traded at around $3.07 with P/S ratio of 1.91.
Added: Guidance Software Inc. (GUID)
PRIMECAP Management added to his holdings in Guidance Software Inc. by 22.57%. His purchase prices were between $5.13 and $10.89, with an estimated average price of $7.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 492,000 shares as of 09/30/2008.
GUIDANCE SOFTWARE INC. is recognized worldwide as the industry leader in digital investigative solutions. Its EnCase platform provides the foundation for government corporate and law enforcement organizations to conduct thorough network-enabled and court-validated computer investigations of any kind such as responding to eDiscovery requests conducting internal investigations responding to regulatory inquiries or performing data and compliance auditing - all while maintaining the integrity of the data. Validated by numerous courts corporate legal departments government agencies and law enforcement organizations worldwide EnCase has been honored with industry awards and recognition from eWEEK SC Magazine Network Computing and the Socha-Gelbmann survey. Guidance Software Inc. has a market cap of $68.58 million; its shares were traded at around $3.36 with P/S ratio of 0.88.
Added: SurModics Inc. (SRDX)
PRIMECAP Management added to his holdings in SurModics Inc. by 25.15%. His purchase prices were between $30.35 and $42.95, with an estimated average price of $39.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 204,000 shares as of 09/30/2008.
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 $438.50 million; its shares were traded at around $25.12 with a P/E ratio of 30.47 and P/S ratio of 4.63.
Added: FARO Technologies Inc. (FARO)
PRIMECAP Management added to his holdings in FARO Technologies Inc. by 33.33%. His purchase prices were between $21.1 and $27.12, 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 200,000 shares as of 09/30/2008.
FARO Technologies Inc. and its international subsidiaries are pioneers and market leaders in the computer-aided manufacturing measurement market which is the final frontier of the computer-aided design and computer-aided manufacturing revolution. FARO's product line includes portable 3D measurement equipment computer-aided design-based inspection software for portable and fixed-base coordinate measurement machines as well as factory-level statistical process control and manufacturing quality consulting services. (Company Press Release) FARO Technologies Inc. has a market cap of $246.57 million; its shares were traded at around $15.29 with a P/E ratio of 12.31 and P/S ratio of 1.20.
Added: Dyax Corp. (DYAX)
PRIMECAP Management added to his holdings in Dyax Corp. by 56.61%. His purchase prices were between $2.91 and $4.99, with an estimated average price of $4.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 1,397,000 shares as of 09/30/2008.
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 $180.65 million; its shares were traded at around $3.06 with P/S ratio of 6.39.
New Purchase: Expeditors International of Washington I (EXPD)
PRIMECAP Management initiated holdings in Expeditors International of Washington I. His purchase prices were between $33.76 and $44.21, with an estimated average price of $37.5. The impact to his portfolio due to this purchase was 0.05%. His holdings were 739,616 shares as of 09/30/2008.
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 $6.72 billion; its shares were traded at around $33.29 with a P/E ratio of 23.82 and P/S ratio of 1.22. The dividend yield of Expeditors International of Washington I stocks is 0.98%.
New Purchase: International Business Machines Corp (IBM)
PRIMECAP Management initiated holdings in International Business Machines Corp. His purchase prices were between $113.69 and $128.67, with an estimated average price of $122.2. The impact to his portfolio due to this purchase was 0.02%. His holdings were 83,889 shares as of 09/30/2008.
IBM uses advanced information technology to provide customer solutions. The company operates primarily in a single industry using several segments that create value by offering a variety of solutions that include either singularly or in some combination technologies systems products services software and financing. Organizationally the company's major operations comprise three hardware product segments--Technology Personal Systems and Enterprise Systems; a Global Services segment; a Software segment; a Global Financing segment and an Enterprise Investments segment. International Business Machines Corp has a market cap of $107.13 billion; its shares were traded at around $82.74 with a P/E ratio of 9.40 and P/S ratio of 1.05. The dividend yield of International Business Machines Corp stocks is 2.15%.
New Purchase: Nucor Corp. (NUE)
PRIMECAP Management initiated holdings in Nucor Corp.. His purchase prices were between $44.36 and $64.63, with an estimated average price of $53. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 17,200 shares as of 09/30/2008.
Nucor Corporation manufactures and sells steel products. Principal steel products are hot-rolled steel (angles rounds flats channels sheet wide-flange beams pilings billets blooms and beam blanks) cold-rolled steel cold finished steel steel joists and joist girders steeldeck steel fasteners and steel grinding balls. Nucor is the largest recycler in the United States. Nucor and affiliates are manufacturers of steel products with operating facilities in fourteen states. Nucor Corp. has a market cap of $9.62 billion; its shares were traded at around $34.24 with a P/E ratio of 4.39 and P/S ratio of 0.45. The dividend yield of Nucor Corp. stocks is 3.16%.
New Purchase: CEPHEID (CPHD)
PRIMECAP Management initiated holdings in CEPHEID. His purchase prices were between $14.6 and $29.98, with an estimated average price of $20.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 157,500 shares as of 09/30/2008.
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 $775.60 million; its shares were traded at around $13.98 with P/S ratio of 4.67.
New Purchase: Arkansas Best Corp. (ABFS)
PRIMECAP Management initiated holdings in Arkansas Best Corp.. His purchase prices were between $32.23 and $42.23, with an estimated average price of $36.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 6,850 shares as of 09/30/2008.
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 $600.18 million; its shares were traded at around $25.16 with a P/E ratio of 11.28 and P/S ratio of 0.33. The dividend yield of Arkansas Best Corp. stocks is 2.06%.
New Purchase: Ticketmaster (TKTM)
PRIMECAP Management initiated holdings in Ticketmaster. His purchase prices were between $10.74 and $24.56, with an estimated average price of $18.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,650 shares as of 09/30/2008.
As the world's leading live entertainment ticketing and marketing company Ticketmaster connects the world to live entertainment. Ticketmaster operates in twenty global markets providing ticket sales ticket resale services marketing and distribution through www.ticketmaster.com one of the largest e-commerce sites on the Internet; approximately 6700 retail outlets; and 21 worldwide call centers. Established in 1976 Ticketmaster serves more than 10000 clients worldwide across multiple event categories providing exclusive ticketing services for leading arenas stadiums professional sports franchises and leagues college sports teams performing arts venues museums and theaters. In 2007 the company sold more than 141 million tickets valued at over $8.3 billion on behalf of its clients. Ticketmaster is headquartered in West Hollywood California and is traded on the NASDAQ stock exchange Ticketmaster has a market cap of $N/A million; its shares were traded at around $5.36 .
New Purchase: GLG PARTNERS, INC. (GLG)
PRIMECAP Management initiated holdings in GLG PARTNERS, INC.. His purchase prices were between $5.29 and $9.19, with an estimated average price of $8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 56,276 shares as of 09/30/2008.
GLG PARTNERS one of the largest alternative asset managers in the world offers its base of long-standing prestigious clients a diverse range of investment products and account management services. GLG's focus is on preserving client's capital and achieving consistent superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. GLG has built on the roots of its founders in the private wealth management industry to develop into one of the world's largest and most recognized alternative investment managers while maintaining its tradition of client-focused product development and customer service. GLG PARTNERS, INC. has a market cap of $675.58 million; its shares were traded at around $2.76 with P/S ratio of 0.78. The dividend yield of GLG PARTNERS, INC. stocks is 3.13%.
New Purchase: HSN Inc. (HSNI)
PRIMECAP Management initiated holdings in HSN Inc.. His purchase prices were between $10.1 and $15.92, with an estimated average price of $13.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,650 shares as of 09/30/2008.
HSNi owns and operates through its subsidiaries HSN a retailer and interactive lifestyle network offering a broad assortment of products through television home shopping programming on the HSN television network and HSN.com. HSN strives to transform the shopping experience by incorporating experts entertainment inspiration solutions tips and ideas in connection with the sale of products through the HSN television network and HSN.com. HSNi also owns and operates through its subsidiaries the Cornerstone Brands portfolio of catalogs and related websites including Frontgate Ballard Designs Garnet Hill Smith+Noble The Territory Ahead TravelSmith and Improvements as well as a limited number of retail stores. HSN Inc. has a market cap of $284.97 million; its shares were traded at around $4.6 with P/S ratio of 0.09.
New Purchase: Interval Leisure Group Inc. (IILG)
PRIMECAP Management initiated holdings in Interval Leisure Group Inc.. His purchase prices were between $10.8 and $15.06, with an estimated average price of $12.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,650 shares as of 09/30/2008.
INTERVAL LEISURE GROUP is a leading provider of membership and leisure services to consumers and business-to-business customers in the vacation industry. Its principal business is Interval International a pioneer and innovator serving the vacation ownership market for more than 32 years. Interval International is a membership-based organization that offers a comprehensive package of year-round benefits including the opportunity to trade the use of resort time for alternate accommodations. Today Interval has a network of over 2400 resorts in excess of 75 countries and offers its resort clients and approximately two million member families high-quality products and programs through 29 offices in 17 nations. RQH provides vacation rental and property management services to vacationers and vacation property owners across Hawaii with a portfolio of approximately 5000 units in properties throughout the islands. ILG is headquartered in Miami Florida and has approximately 2900 Interval Leisure Group Inc. has a market cap of $337.70 million; its shares were traded at around $5.95 with a P/E ratio of 4.95 and P/S ratio of 0.81.
New Purchase: Goodrich Corp. (GR)
PRIMECAP Management initiated holdings in Goodrich Corp.. His purchase prices were between $42.43 and $53.7, with an estimated average price of $48.6. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 10,000 shares as of 09/30/2008.
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 $3.97 billion; its shares were traded at around $33.37 with a P/E ratio of 6.38 and P/S ratio of 0.58. The dividend yield of Goodrich Corp. stocks is 2.46%.
Reduced: Sycamore Networks Inc. (SCMR)
PRIMECAP Management reduced to his holdings in Sycamore Networks Inc. by 74.86%. His sale prices were between $3.12 and $3.66, with an estimated average price of $3.4. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 88,000 shares as of 09/30/2008.
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 $740.87 million; its shares were traded at around $2.67 with P/S ratio of 6.56.
Reduced: Internap Network Services Corp. (INAP)
PRIMECAP Management reduced to his holdings in Internap Network Services Corp. by 34.62%. His sale prices were between $3.07 and $4.95, with an estimated average price of $3.9. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 146,900 shares as of 09/30/2008.
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 $138.09 million; its shares were traded at around $2.78 with P/S ratio of 0.56.
Reduced: Minerals Technologies Inc. (MTX)
PRIMECAP Management reduced to his holdings in Minerals Technologies Inc. by 23.08%. His sale prices were between $61.57 and $67.21, with an estimated average price of $64.8. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 5,000 shares as of 09/30/2008.
Minerals Technologies Inc. is a resource and technology-based company that develops produces and markets on a worldwide basis a broad range of specialty mineral mineral-based and synthetic mineral products. The Company has two operating segments: Specialty Minerals and Refractories. The Specialty Minerals segment produces and sells precipitated calcium carbonate and lime and mines processes and sells the natural mineral products limestone and talc. The Refractories segment produces and markets monolithic and shaped refractory materials and services. Minerals Technologies Inc. has a market cap of $846.72 million; its shares were traded at around $47.75 with a P/E ratio of 11.31 and P/S ratio of 0.78. The dividend yield of Minerals Technologies Inc. stocks is 0.35%.
Reduced: IAC/InterActiveCorp (IACI)
PRIMECAP Management reduced to his holdings in IAC/InterActiveCorp by 50%. His sale prices were between $16.6 and $26.75, with an estimated average price of $21.7. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 54,125 shares as of 09/30/2008.
IAC/InterActiveCorp is the world's leading multi-brand interactive commerce company. IAC consists of IAC Travel which includes Expedia Inc. Hotels.com Hotwire Interval International and TV Travel Shop; HSN; Ticketmaster which oversees ReserveAmerica; Match.com; LendingTree; Precision Response Corporation; IAC Local and Media Services which includes Citysearch Evite Entertainment Publications Inc. and TripAdvisor Inc.; and IAC Interactive Development which includes ZeroDegrees. IAC/InterActiveCorp has a market cap of $2.2 billion; its shares were traded at around $15.96 with P/S ratio of 1.52.
Reduced: Hanmi Financial Corp. (HAFC)
PRIMECAP Management reduced to his holdings in Hanmi Financial Corp. by 44.88%. His sale prices were between $4.75 and $6.26, with an estimated average price of $5.4. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 168,131 shares as of 09/30/2008.
Hanmi Financial Corporation is the holding company for Hanmi Bank one of the leading banks providing services to the multi-ethnic communities of Southern California with full service offices. Hanmi Bank is a business bank conducting a general community banking business with its primary market encompassing multi-ethnic small business customers. The bank specializes in commercial SBA trade finance and consumer lending and is a recognized community leader serving the diverse communities throughout Southern California. (PRESS RELEASE) Hanmi Financial Corp. has a market cap of $182.24 million; its shares were traded at around $3.98 with P/S ratio of 1.71.
Reduced: Greatbatch Inc. (GB)
PRIMECAP Management reduced to his holdings in Greatbatch Inc. by 24.36%. His sale prices were between $16.99 and $26.27, with an estimated average price of $22.8. The impact to his portfolio due to this sale was -0.01%. PRIMECAP Management still held 834,857 shares as of 09/30/2008.
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 $551.49 million; its shares were traded at around $25.26 with a P/E ratio of 46.29 and P/S ratio of 1.19.
Reduced: THQ Inc. (THQI)
PRIMECAP Management reduced to his holdings in THQ Inc. by 62.41%. His sale prices were between $12.35 and $19.94, with an estimated average price of $15.7. The impact to his portfolio due to this sale was -0.01%. PRIMECAP Management still held 500,000 shares as of 09/30/2008.
THQ Incorporated is a developer publisher and distributor of interactiveentertainment software for the leading hardware platforms in the home video game market. The company publishes titles for several home video game systems and personal computers in most interactive software genres including action adventure driving fighting puzzle role playing simulation sports and strategy. THQ Inc. has a market cap of $268.90 million; its shares were traded at around $4.4 with P/S ratio of 0.30.
Reduced: VeriSign Inc. (VRSN)
PRIMECAP Management reduced to his holdings in VeriSign Inc. by 90.72%. His sale prices were between $26.44 and $36.74, with an estimated average price of $31.5. The impact to his portfolio due to this sale was -0.02%. PRIMECAP Management still held 399,665 shares as of 09/30/2008.
VeriSign is one of the leading providers of trusted infrastructure services to website owners enterprises electronic commerce service providers and individuals. The company's domain name registration digital certificate global registry and payment services provide the critical web identity authentication and transaction infrastructure that online businesses need to establish their web identities and to conduct secure electronic commerce or e-commerce and communications. VeriSign Inc. has a market cap of $3.55 billion; its shares were traded at around $19.18 with P/S ratio of 2.35.
Reduced: General Electric Company (GE)
PRIMECAP Management reduced to his holdings in General Electric Company by 91.42%. His sale prices were between $25.25 and $29.41, with an estimated average price of $27.6. The impact to his portfolio due to this sale was -0.02%. PRIMECAP Management still held 344,000 shares as of 09/30/2008.
General Electric is one of the largest and most diversified industrial corporations in the world. GE is engaged in developing manufacturing and marketing a wide variety of products for the generation transmission distribution control and utilization of electricity. Some of GE's products include major appliances; lighting products; industrial automation products; medical diagnostic imaging equipment; motors; electrical distribution and control equipment; locomotives; power generation and delivery products. General Electric Company has a market cap of $162.17 billion; its shares were traded at around $17.81 with a P/E ratio of 8.00 and P/S ratio of 0.96. The dividend yield of General Electric Company stocks is 6.36%.
Reduced: Canadian National Railway Company Fully (CNI)
PRIMECAP Management reduced to his holdings in Canadian National Railway Company Fully by 68.53%. His sale prices were between $45.79 and $53.04, with an estimated average price of $51. The impact to his portfolio due to this sale was -0.03%. PRIMECAP Management still held 633,500 shares as of 09/30/2008.
Canadian National Railway Company a Canadian corporation operates the larger of Canada's two principal railroads and the only coast-to-coast railroad network in North America. The company's rail network serves major ports in Canada and includes strategic connections to the United States through the Chicago gateway Detroit and other major cities. Canadian National Railway Company Fully has a market cap of $17.84 billion; its shares were traded at around $42.2 with a P/E ratio of 10.26 and P/S ratio of 2.87. The dividend yield of Canadian National Railway Company Fully stocks is 1.99%.
Reduced: Deere & Company (DE)
PRIMECAP Management reduced to his holdings in Deere & Company by 26.45%. His sale prices were between $55.33 and $70.23, with an estimated average price of $65.8. The impact to his portfolio due to this sale was -0.06%. PRIMECAP Management still held 2,531,512 shares as of 09/30/2008.
Deere & Company is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction forestry and commercial and consumer equipment. The company in addition provides credit special technology and managed health-care products and services. (Company Press Release) Deere & Company has a market cap of $13.98 billion; its shares were traded at around $35.12 with a P/E ratio of 6.79 and P/S ratio of 0.55. The dividend yield of Deere & Company stocks is 2.9%.
Sold Out: Rohm and Haas Company (ROH)
PRIMECAP Management sold out his holdings in Rohm and Haas Company. His sale prices were between $44.55 and $75.02, with an estimated average price of $71.8. The impact to his portfolio due to this sale was less than 0.01%.
Rohm & Haas Co. is a specialty chemical company. Rohm and Haas technology is found in paints and coatings adhesives and sealants household products personal computers and electronic components and construction materials. It also helps bring food to the table -- fruits and vegetables -- and salt an essential ingredient for life. In addition to serving the specialty crop market Rohm and Haas offers a wide range of turf and ornamental products designed for use by golf course and lawn care professionals. (Company Press Release) Rohm and Haas Company has a market cap of $13.99 billion; its shares were traded at around $72.85 with a P/E ratio of 22.39 and P/S ratio of 1.44. The dividend yield of Rohm and Haas Company stocks is 2.33%.
Sold Out: Chevron Corp. (CVX)
PRIMECAP Management sold out his holdings in Chevron Corp.. His sale prices were between $80.22 and $97.89, with an estimated average price of $86.3. The impact to his portfolio due to this sale was less than 0.01%.
Chevron is the fifth-largest integrated energy company in the world. Headquartered in San Ramon California and conducting business in approximately 180 countries this highly competitive corporation is engaged in every aspect of the oil and natural gas industry including exploration and production; refining marketing and transportation; chemicals manufacturing and sales; and power generation. Chevron Corp. has a market cap of $136.7 billion; its shares were traded at around $73.54 with a P/E ratio of 5.83 and P/S ratio of 0.55. The dividend yield of Chevron Corp. stocks is 3.49%.
Sold Out: Freddie Mac (FRE)
PRIMECAP Management sold out his holdings in Freddie Mac. His sale prices were between $0.46 and $14.5, with an estimated average price of $5.8. The impact to his portfolio due to this sale was less than 0.01%.
Freddie Mac is a stockholder-owned corporation that supports homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. (Company Press Release) Freddie Mac has a market cap of $485.26 million; its shares were traded at around $0.82 . The dividend yield of Freddie Mac stocks is 97.09%.
Sold Out: UAL Corp. (UAUA)
PRIMECAP Management sold out his holdings in UAL Corp.. His sale prices were between $3.63 and $14.18, with an estimated average price of $9.5. The impact to his portfolio due to this sale was less than 0.01%.
United Airlines organization is committed to continuous improvements in costs revenues and operations to sustain and enhance a competitive margin. To achieve this goal the company is investing in its employees and ensuring accountability to create a high-performing organization. The company's portfolio of products offers the right service to the right customer at the right price. UAL Corp. has a market cap of $1.2 billion; its shares were traded at around $12.83 with P/S ratio of 0.08.
Sold Out: Alpha Natural Resources Inc. (ANR)
PRIMECAP Management sold out his holdings in Alpha Natural Resources Inc.. His sale prices were between $55.94 and $104.44, with an estimated average price of $86.7. The impact to his portfolio due to this sale was less than 0.01%.
Alpha Natural Resources is a leading Central Appalachian coal producer that also has significant operations in Northern Appalachia. Their reserves primarily consist of high Btu low sulfur steam coal and metallurgical coal. They produce process and sell steam and metallurgical coal from eight regional business units supported by active underground mines active surface mines and preparation plants located throughout Virginia West Virginia Kentucky Pennsylvania and Colorado. Alpha Natural Resources Inc. has a market cap of $1.69 billion; its shares were traded at around $25.39 with a P/E ratio of 9.38 and P/S ratio of 0.73.
Sold Out: Fannie Mae (FNM)
PRIMECAP Management sold out his holdings in Fannie Mae. His sale prices were between $0.69 and $18.66, with an estimated average price of $8. The impact to his portfolio due to this sale was less than 0.01%.
Fannie Mae is the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is one of the nation's largest sources of financing for home mortgages. Fannie Mae is working to shrink the nation's homeownership gaps through an American Dream Commitment to increase homeownership rates and serve targeted American families by the end of the decade. (Company Press Release) Fannie Mae has a market cap of $727.47 million; its shares were traded at around $0.682 . The dividend yield of Fannie Mae stocks is 21.57%.
Sold Out: Basin Water Inc. (BWTR)
PRIMECAP Management sold out his holdings in Basin Water Inc.. His sale prices were between $1.75 and $4.35, with an estimated average price of $3. The impact to his portfolio due to this sale was less than 0.01%.
Basin Water Inc. designs builds and implements systems for the treatment of contaminated groundwater. Basin Water has developed a proprietary scalable ion-exchange wellhead treatment system that reduces groundwater contaminant levels in an efficient flexible and cost-effective manner. Basin Water Inc. has a market cap of $12.31 million; its shares were traded at around $0.61 with P/S ratio of 0.66.
Sold Out: American International Group Inc. (AIG)
PRIMECAP Management sold out his holdings in American International Group Inc.. His sale prices were between $3.15 and $26.97, with an estimated average price of $19.8. The impact to his portfolio due to this sale was less than 0.01%.
American International Group Inc. world leaders in insurance and financial services is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition AIG companies are leading providers of retirement services financial services and asset management around the world. American International Group Inc. has a market cap of $5.46 billion; its shares were traded at around $2.26 with P/S ratio of 0.07.
Sold Out: Waters Corp. (WAT)
PRIMECAP Management sold out his holdings in Waters Corp.. His sale prices were between $57.65 and $70.19, with an estimated average price of $65.2. The impact to his portfolio due to this sale was less than 0.01%.
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 $3.78 billion; its shares were traded at around $41.07 with a P/E ratio of 12.12 and P/S ratio of 2.53.
Sold Out: Tellabs Inc. (TLAB)
PRIMECAP Management sold out his holdings in Tellabs Inc.. His sale prices were between $4.1 and $5.45, with an estimated average price of $4.8. The impact to his portfolio due to this sale was less than 0.01%.
Tellabs helps the world's leading communications service providers build tomorrow's converged networks of voice data and video. Tellabs employees design build and service optical networking broadband access and next-generation switching equipment. (Company Press Release) Tellabs Inc. has a market cap of $1.41 billion; its shares were traded at around $3.8 with P/S ratio of 0.85.
PRIMECAP Management buys ROCHE HOLDING LTD S/ADR, Expeditors International of Washington I, International Business Machines Corp, Arkansas Best Corp., Nucor Corp., Interval Leisure Group Inc., HSN Inc., Goodrich Corp., GLG PARTNERS, INC., CEPHEID, Ticketmaster, sells American International Group Inc., UAL Corp., Tellabs Inc., Rohm and Haas Company, Freddie Mac, Fannie Mae, Chevron Corp., Basin Water Inc., Alpha Natural Resources Inc., Waters Corp. during the 3-months ended 09/30/2008, according to the most recent filings of his investment company, PRIMECAP Management.
New Purchases: ABFS, CPHD, EXPD, GLG, GR, HSNI, IBM, IILG, NUE, TKTM,
Added Positions: AMGN, AMZN, ARRS, BRS, BTU, CBI, CERN, CHRW, CMI, CP, DYAX, EOG, FARO, FLEX, GOOG, GUID, HON, KCI, LLY, MDR, MDT, MEDX, MVSN, NUAN, NVDA, OII, OSUR, PG, PGR, REXX, SNDK, SNY, SRDX, WMT, WYE, LLY, PXP,
Reduced Positions: CNI, DE, GB, GE, HAFC, IACI, INAP, MTX, SCMR, THQI, VRSN, COT, DBRN, ENTG,
Sold Out: AIG, ANR, BWTR, CVX, FNM, FRE, ROH, TLAB, UAUA, WAT,
For the details of PRIMECAP Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=PRIMECAP+Management
Added: Google Inc. (GOOG, Financial)
PRIMECAP Management added to his holdings in Google Inc. by 54.89%. His purchase prices were between $431.04 and $537, with an estimated average price of $479.5. The impact to his portfolio due to this purchase was 0.67%. His holdings were 2,628,690 shares as of 09/30/2008.
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 $91.44 billion; its shares were traded at around $311.46 with a P/E ratio of 18.11 and P/S ratio of 4.68.
Added: C.H. Robinson Worldwide Inc. (CHRW, Financial)
PRIMECAP Management added to his holdings in C.H. Robinson Worldwide Inc. by 652.05%. His purchase prices were between $47.6 and $56.86, with an estimated average price of $52.4. The impact to his portfolio due to this purchase was 0.55%. His holdings were 6,910,600 shares as of 09/30/2008.
C.H. Robinson Worldwide Inc. is one of the largest third-party logistics companies in North America. C.H. Robinson is a global provider of multimodal transportation services and logistics solutions operating through a network of offices in North America South America and Europe. C.H. Robinson maintains the single largest network of motor carrier capacity in North America through contracts with motor carriers and is one of the largest third-party providers of intermodal services in the United States. (PRESS RELEASE) C.H. Robinson Worldwide Inc. has a market cap of $8.61 billion; its shares were traded at around $52.45 with a P/E ratio of 24.81 and P/S ratio of 1.03. The dividend yield of C.H. Robinson Worldwide Inc. stocks is 1.7%.
Added: Honeywell International Inc. (HON, Financial)
PRIMECAP Management added to his holdings in Honeywell International Inc. by 88.6%. His purchase prices were between $44.17 and $51.04, with an estimated average price of $49. The impact to his portfolio due to this purchase was 0.37%. His holdings were 10,694,705 shares as of 09/30/2008.
Honeywell International is a diversified technology and manufacturing company serving customers worldwide with aerospace products and services control technologies for buildings homes and industry automotive products power generation systems specialty chemicals fibers plastics and electronic and advanced materials. Its operations are conducted by strategic business units which have been aggregated under four reportable segments: Aerospace Solutions Automation & Asset Management Performance Materials and Power & Transportation Products. Honeywell International Inc. has a market cap of $19.41 billion; its shares were traded at around $27.38 with a P/E ratio of 7.23 and P/S ratio of 0.54. The dividend yield of Honeywell International Inc. stocks is 3.61%.
Added: McDermott International Inc. (MDR, Financial)
PRIMECAP Management added to his holdings in McDermott International Inc. by 104.1%. His purchase prices were between $28.47 and $58.31, with an estimated average price of $41.1. The impact to his portfolio due to this purchase was 0.23%. His holdings were 9,915,422 shares as of 09/30/2008.
McDermott International is one of the leading worldwide energy services companies. The company's subsidiaries manufacture steam-generating equipment environmental equipment and products for the U.S. government. They also provide engineering and construction services for industrial utility and hydrocarbon processing facilities and to the offshore oil and natural gas industry. (Company Press Release) McDermott International Inc. has a market cap of $1.82 billion; its shares were traded at around $9.02 with a P/E ratio of 3.37 and P/S ratio of 0.32.
Added: NVIDIA Corp. (NVDA, Financial)
PRIMECAP Management added to his holdings in NVIDIA Corp. by 34.26%. His purchase prices were between $10.19 and $13.61, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 0.18%. His holdings were 36,452,524 shares as of 09/30/2008.
NVIDIA Corporation designs develops and markets a `top-to-bottom` family of award-winning 3D graphics processors graphics processing units and related software that set the standard for performance quality and features for every type of desktop personal computer user from professional workstations to low-cost computers. NVIDIA Corporation's 3D graphics processors are used in a wide variety of applications including games the Internet and industrial design. NVIDIA Corp. has a market cap of $3.99 billion; its shares were traded at around $7.8 with a P/E ratio of 11.67 and P/S ratio of 1.02.
Added: Eli Lilly and Company (LLY, Financial)
PRIMECAP Management added to his holdings in Eli Lilly and Company by 4.07%. His purchase prices were between $45.44 and $48.78, with an estimated average price of $47.1. The impact to his portfolio due to this purchase was 0.17%. His holdings were 56,735,893 shares as of 09/30/2008.
Eli Lilly and Company discovers develops manufactures and sells products in one significant business segment -pharmaceutical products. The company directs its research efforts primarily toward the search for products to diagnose prevent and treat human diseases. The company also conducts research to find products to treat diseases in animals and to increase the efficiency of animal food production. Eli Lilly and Company has a market cap of $36.37 billion; its shares were traded at around $33.97 with a P/E ratio of 14.51 and P/S ratio of 1.87. The dividend yield of Eli Lilly and Company stocks is 5.56%.
Added: EOG Resources Inc. (EOG, Financial)
PRIMECAP Management added to his holdings in EOG Resources Inc. by 28.74%. His purchase prices were between $90.65 and $120.36, with an estimated average price of $101.8. The impact to his portfolio due to this purchase was 0.16%. His holdings were 4,418,900 shares as of 09/30/2008.
EOG Resources Inc. is engaged either directly or through a marketing subsidiary with regard to domestic operations or through various subsidiaries with regard to international operations in the exploration for and the development production and marketing of natural gas and crude oil primarily in major producing basins in the United States as well as in Canada and Trinidad. The company's business strategy is to maximize the rate of return on investment of capital by controlling all operating and capital costs. EOG Resources Inc. has a market cap of $19.01 billion; its shares were traded at around $78.82 with a P/E ratio of 8.17 and P/S ratio of 3.09. The dividend yield of EOG Resources Inc. stocks is 0.67%.
Added: Peabody Energy Corp. (BTU, Financial)
PRIMECAP Management added to his holdings in Peabody Energy Corp. by 43.47%. His purchase prices were between $48.54 and $77.4, with an estimated average price of $61.9. The impact to his portfolio due to this purchase was 0.15%. His holdings were 6,157,600 shares as of 09/30/2008.
Peabody Energy is the largest private-sector coal company in the world. They offer a broad portfolio of coal supplies including coal produced from operations that Peabody Energy manages or owns majority interests in along with brokered coal secured by Peabody Coaltrade. Peabody Energy Corp. has a market cap of $6.79 billion; its shares were traded at around $29.1 with a P/E ratio of 9.95 and P/S ratio of 1.31. The dividend yield of Peabody Energy Corp. stocks is 0.7%.
Added: Medtronic Inc. (MDT, Financial)
PRIMECAP Management added to his holdings in Medtronic Inc. by 3.65%. His purchase prices were between $50.87 and $56.29, with an estimated average price of $53.1. The impact to his portfolio due to this purchase was 0.12%. His holdings were 39,255,653 shares as of 09/30/2008.
Medtronic is the world's leading medical technology company pioneeringdevice-based therapies that restore health extend life and alleviate pain.Primary products include those for bradycardia pacing tachyarrhythmiamanagement atrial fibrillation management among others. Medtronic operates its business in one reportable segment that of manufacturing and selling device-based medical therapies. The company does business in more than 120 countries. The company's product lines include cardiac rhythm management neurological and spinal vascular and cardiac surgery. Medtronic Inc. has a market cap of $42.56 billion; its shares were traded at around $40.08 with a P/E ratio of 18.61 and P/S ratio of 3.21. The dividend yield of Medtronic Inc. stocks is 1.86%.
Added: Amgen Inc. (AMGN, Financial)
PRIMECAP Management added to his holdings in Amgen Inc. by 3.64%. His purchase prices were between $50.84 and $65.06, with an estimated average price of $59.3. The impact to his portfolio due to this purchase was 0.12%. His holdings were 33,198,248 shares as of 09/30/2008.
Amgen Inc. discovers develops and delivers innovative human therapeutics. A biotechnology pioneer Amgen was one of the first companies to realize the new science's promise by bringing safe and effective medicines from lab to manufacturing plant to patient. Amgen therapeutics have changed the practice of medicine helping millions of people around the world in the fight against cancer kidney disease rheumatoid arthritis and other serious illnesses. With a deep and broad pipeline of potential new medicines Amgen remains committed to advancing science to dramatically improve people's lives. Amgen Inc. has a market cap of $58.74 billion; its shares were traded at around $58.43 with a P/E ratio of 14.75 and P/S ratio of 4.13.
Added: Amazon.com Inc. (AMZN, Financial)
PRIMECAP Management added to his holdings in Amazon.com Inc. by 29.73%. His purchase prices were between $68.54 and $86.4, with an estimated average price of $77.4. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,639,100 shares as of 09/30/2008.
Amazon.com Inc. seeks to be the world's most customer-centric company where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books music DVDs videos consumer electronics toys camera and photo items software computer and video games tools and hardware lawn and patio items kitchen products and wireless products. Amazon.com Inc. has a market cap of $17.82 billion; its shares were traded at around $46.3 with a P/E ratio of 28.50 and P/S ratio of 1.09.
Added: Wyeth (WYE)
PRIMECAP Management added to his holdings in Wyeth by 44.36%. His purchase prices were between $38.07 and $47.55, with an estimated average price of $42.5. The impact to his portfolio due to this purchase was 0.09%. His holdings were 4,202,442 shares as of 09/30/2008.
Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies. It is a leader in the discovery development manufacturing and marketing of pharmaceuticals vaccines biotechnology products and non-prescription medicines that improve the quality of life for people worldwide. The Company's major divisions include Wyeth Pharmaceuticals Wyeth Consumer Healthcare and Fort Dodge Animal Health. Wyeth has a market cap of $43.19 billion; its shares were traded at around $32.99 with a P/E ratio of 9.80 and P/S ratio of 1.89. The dividend yield of Wyeth stocks is 3.48%.
Added: Oceaneering International Inc. (OII)
PRIMECAP Management added to his holdings in Oceaneering International Inc. by 106.7%. His purchase prices were between $55.44 and $72.92, with an estimated average price of $62.2. The impact to his portfolio due to this purchase was 0.09%. His holdings were 1,759,600 shares as of 09/30/2008.
OCEANEERING INTERNATIONAL INC. is an advanced applied technology company that provides engineered services and hardware to customers who operate in marine space and other harsh environments. The company supplies a comprehensive range of integrated technical services to a wide array of industries and is one of the world's largest underwater services contractors. Oceaneering International Inc. has a market cap of $1.36 billion; its shares were traded at around $27.04 with a P/E ratio of 7.22 and P/S ratio of 0.76.
Added: SanDisk Corp. (SNDK)
PRIMECAP Management added to his holdings in SanDisk Corp. by 56.1%. His purchase prices were between $13.66 and $22.52, with an estimated average price of $17.1. The impact to his portfolio due to this purchase was 0.08%. His holdings were 6,456,762 shares as of 09/30/2008.
Sandisk Corporation designs manufactures and markets flash memory storage products that are used in a wide variety of electronic systems. The company have designed flash memory storage solutions to address the storage requirements of emerging applications in the consumer electronics and industrial/communications markets. Its products are used in a number of rapidly growing consumer electronics applications such as digital cameras personal digital assistants portable digital music playersdigital video recorders and smart phones. SanDisk Corp. has a market cap of $1.74 billion; its shares were traded at around $8.76 with P/S ratio of 0.53.
Added: Canadian Pacific Railway Ltd. (CP)
PRIMECAP Management added to his holdings in Canadian Pacific Railway Ltd. by 33.83%. His purchase prices were between $56.41 and $67.29, with an estimated average price of $60.3. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,760,330 shares as of 09/30/2008.
Canadian Pacific Railway is North America's first transcontinental railway and is the only transcontinental carrier with direct service to the U.S. Eastern Seaboard. Canadian Pacific Railway Ltd. has a market cap of $5.64 billion; its shares were traded at around $41.39 with a P/E ratio of 8.91 and P/S ratio of 1.58. The dividend yield of Canadian Pacific Railway Ltd. stocks is 2.06%.
Added: The Procter & Gamble Company (PG)
PRIMECAP Management added to his holdings in The Procter & Gamble Company by 137.98%. His purchase prices were between $62.65 and $72.69, with an estimated average price of $67.7. The impact to his portfolio due to this purchase was 0.03%. His holdings were 380,762 shares as of 09/30/2008.
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Products fall into five business segments: fabric and home care paper beauty care health care and food and beverage. Today P&G markets more than 250 products to more than five billion consumers in 130 countries. The Procter & Gamble Company has a market cap of $184.67 billion; its shares were traded at around $63.82 with a P/E ratio of 16.48 and P/S ratio of 2.23. The dividend yield of The Procter & Gamble Company stocks is 2.48%.
Added: Cerner Corp. (CERN)
PRIMECAP Management added to his holdings in Cerner Corp. by 112.97%. His purchase prices were between $44.22 and $49.34, with an estimated average price of $46.3. The impact to his portfolio due to this purchase was 0.03%. His holdings were 793,300 shares as of 09/30/2008.
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 $3 billion; its shares were traded at around $39.95 with a P/E ratio of 19.51 and P/S ratio of 2.02.
Added: Macrovision Corp. (MVSN)
PRIMECAP Management added to his holdings in Macrovision Corp. by 36.63%. His purchase prices were between $14.82 and $18.07, with an estimated average price of $16. The impact to his portfolio due to this purchase was 0.03%. His holdings were 3,879,253 shares as of 09/30/2008.
Macrovision Solutions enables the digital home entertainment experience by allowing businesses to protect enhance and distribute digital goods to consumers across multiple channels. The Macrovision Solutions technologies are deployed by companies in the entertainment consumer electronics cable and satellite and online distribution markets to solve industry-specific challenges and bring greater value to their customers. The result of deploying Macrovision?s solutions is a simple end user experience to discover acquire manage and enjoy digital content. Today the company provides connected middleware metadata on music games movies and television programming media recognition interactive programming guides as well as operating entertainment portals www.tvguide.com and www.allmusic.com and copyright protection. Macrovision Solutions is headquartered in Santa Clara California with approximately 13 offices across the United States and around the world. Macrovision Corp. has a market cap of $982.61 million; its shares were traded at around $10.08 with a P/E ratio of 6.44 and P/S ratio of 3.83.
Added: The Progressive Corp. (PGR)
PRIMECAP Management added to his holdings in The Progressive Corp. by 24.03%. His purchase prices were between $17.31 and $20.2, with an estimated average price of $18.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 3,514,644 shares as of 09/30/2008.
Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. Progressive is committed to providing independent agents with a financially strong company that offers competitive products designed specifically for the agency business; a strong national brand that drives consumers to independent agent's offices; 24-hour in-person services for them and their customers; and continued innovations in technology. (Company Press Release) The Progressive Corp. has a market cap of $8.23 billion; its shares were traded at around $12.33 with P/S ratio of 0.64. The dividend yield of The Progressive Corp. stocks is 1.02%.
Added: Flextronics International Ltd. (FLEX)
PRIMECAP Management added to his holdings in Flextronics International Ltd. by 24.76%. His purchase prices were between $7.71 and $9.44, with an estimated average price of $8.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 7,843,754 shares as of 09/30/2008.
Flextronic International is a leading provider of advanced electronics manufacturing services to OEMs primarily in the telecommunications and networking consumer electronics and computer industries. The company's strategy is to provide customers with the ability to outsource on a global basis a complete product wherethe company's take responsibility for engineering supply chain management assembly integration test andlogistics management. The company provides complete product design services including electrical and mechanical circuit and layout. Flextronics International Ltd. has a market cap of $2.53 billion; its shares were traded at around $3.4 with P/S ratio of 0.08.
Added: SanofiAventis (SNY)
PRIMECAP Management added to his holdings in SanofiAventis by 41.49%. His purchase prices were between $32.91 and $36.81, with an estimated average price of $35.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,026,400 shares as of 09/30/2008.
Sanofi-Synth?labo is a leading global pharmaceutical company. SanofiAventis has a market cap of $75.97 billion; its shares were traded at around $30.02 with a P/E ratio of 12.13 and P/S ratio of 2.15. The dividend yield of SanofiAventis stocks is 3.87%.
Added: Cummins Inc. (CMI)
PRIMECAP Management added to his holdings in Cummins Inc. by 932.36%. His purchase prices were between $46.03 and $69.82, with an estimated average price of $63.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 115,624 shares as of 09/30/2008.
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 $3.99 billion; its shares were traded at around $21.82 with a P/E ratio of 4.28 and P/S ratio of 0.30. The dividend yield of Cummins Inc. stocks is 2.68%.
Added: Chicago Bridge & Iron Company N.V. (CBI)
PRIMECAP Management added to his holdings in Chicago Bridge & Iron Company N.V. by 27.17%. His purchase prices were between $20.68 and $38.28, with an estimated average price of $31. The impact to his portfolio due to this purchase was 0.01%. His holdings were 927,900 shares as of 09/30/2008.
Chicago Bridge & Iron Company N.V. designs builds repairs and modifies steel tanks and other steel plate structures and associated systems. The Company designs and builds petroleum terminals refinery pressure vessels low temperature and cryogenic storage facilities and elevated water storage tanks for clients internationally. Chicago Bridge & Iron Company N.V. has a market cap of $750.74 million; its shares were traded at around $9.22 with P/S ratio of 0.15. The dividend yield of Chicago Bridge & Iron Company N.V. stocks is 1.29%.
Added: Kinetic Concepts Inc. (KCI)
PRIMECAP Management added to his holdings in Kinetic Concepts Inc. by 33.87%. His purchase prices were between $30.62 and $39.89, with an estimated average price of $35.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 926,400 shares as of 09/30/2008.
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 $1.69 billion; its shares were traded at around $24.24 with a P/E ratio of 9.04 and P/S ratio of 0.96.
Added: Bristow Group Inc. (BRS)
PRIMECAP Management added to his holdings in Bristow Group Inc. by 21.07%. His purchase prices were between $37.77 and $48.72, with an estimated average price of $41.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 635,000 shares as of 09/30/2008.
Bristow Group Inc. is a leading provider of helicopter services to the worldwide energy industry. Through its subsidiaries affiliates and joint ventures the Company has major transportation operations in the U.S. Gulf of Mexico and the North Sea and in most of the other major offshore oil and gas producing regions of the world including Alaska Australia Brazil Mexico Nigeria Russia and Trinidad. Additionally the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico. Bristow Group Inc. has a market cap of $585.22 million; its shares were traded at around $22.92 with a P/E ratio of 6.61 and P/S ratio of 0.61.
Added: Medarex Inc. (MEDX)
PRIMECAP Management added to his holdings in Medarex Inc. by 152.9%. His purchase prices were between $6.73 and $10.09, with an estimated average price of $7.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,704,300 shares as of 09/30/2008.
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 $737.90 million; its shares were traded at around $6.41 with P/S ratio of 15.62.
Added: Nuance Communications Inc. (NUAN)
PRIMECAP Management added to his holdings in Nuance Communications Inc. by 39.64%. His purchase prices were between $13.6 and $17.7, with an estimated average price of $15.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,122,000 shares as of 09/30/2008.
Nuance Communications Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies applications and services make the user experience more compelling by transforming the way people interact with information and how they create share and use documents. Nuance Communications Inc. has a market cap of $1.73 billion; its shares were traded at around $8.19 with P/S ratio of 2.34.
Added: WalMart Stores Inc. (WMT)
PRIMECAP Management added to his holdings in WalMart Stores Inc. by 84.89%. His purchase prices were between $56.06 and $62.41, with an estimated average price of $58.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 311,901 shares as of 09/30/2008.
Wal-Mart Stores Inc. is the world's largest retailer. They are engaged in the operation of mass merchandising stores which serve their customers primarily through the operation of three segments which are the Wal-Mart Stores segment the SAM'S Club segment and the International segment. WalMart Stores Inc. has a market cap of $207.01 billion; its shares were traded at around $54.75 with a P/E ratio of 15.66 and P/S ratio of 0.54. The dividend yield of WalMart Stores Inc. stocks is 1.7%.
Added: Rex Energy Corp. (REXX)
PRIMECAP Management added to his holdings in Rex Energy Corp. by 38.61%. His purchase prices were between $14.9 and $24.14, with an estimated average price of $20. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 14,000 shares as of 09/30/2008.
Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations pursuing its higher-potential exploration drilling and enhanced oil recovery projects and actively seeking to acquire complementary oil and natural gas properties. Rex Energy Corp. has a market cap of $167.49 million; its shares were traded at around $4.44 with P/S ratio of 1.87.
Added: Arris Group Inc (ARRS)
PRIMECAP Management added to his holdings in Arris Group Inc by 246.67%. His purchase prices were between $7.75 and $9.93, with an estimated average price of $9.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 104,000 shares as of 09/30/2008.
Arris Group Inc. is an international communications technology company serving the broadband information transport industries. Arris specializes in the manufacturing and distribution of products for hybrid fiber coax broadband networks as well as the design and engineering of these networks. Arris Group Inc has a market cap of $721.11 million; its shares were traded at around $6.14 with a P/E ratio of 15.09 and P/S ratio of 0.68.
Added: OraSure Technologies Inc. (OSUR)
PRIMECAP Management added to his holdings in OraSure Technologies Inc. by 197.87%. His purchase prices were between $3.98 and $5.59, with an estimated average price of $4.6. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 280,000 shares as of 09/30/2008.
OraSure Technologies Inc. is the market leader for oral fluid diagnostics. The Company develops manufactures and markets medical devices and diagnostic products for use by insurance companies public health agencies clinical laboratories physicians' offices and workplace sites. OraSure Technologies Inc. has a market cap of $132.13 million; its shares were traded at around $3.07 with P/S ratio of 1.91.
Added: Guidance Software Inc. (GUID)
PRIMECAP Management added to his holdings in Guidance Software Inc. by 22.57%. His purchase prices were between $5.13 and $10.89, with an estimated average price of $7.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 492,000 shares as of 09/30/2008.
GUIDANCE SOFTWARE INC. is recognized worldwide as the industry leader in digital investigative solutions. Its EnCase platform provides the foundation for government corporate and law enforcement organizations to conduct thorough network-enabled and court-validated computer investigations of any kind such as responding to eDiscovery requests conducting internal investigations responding to regulatory inquiries or performing data and compliance auditing - all while maintaining the integrity of the data. Validated by numerous courts corporate legal departments government agencies and law enforcement organizations worldwide EnCase has been honored with industry awards and recognition from eWEEK SC Magazine Network Computing and the Socha-Gelbmann survey. Guidance Software Inc. has a market cap of $68.58 million; its shares were traded at around $3.36 with P/S ratio of 0.88.
Added: SurModics Inc. (SRDX)
PRIMECAP Management added to his holdings in SurModics Inc. by 25.15%. His purchase prices were between $30.35 and $42.95, with an estimated average price of $39.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 204,000 shares as of 09/30/2008.
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 $438.50 million; its shares were traded at around $25.12 with a P/E ratio of 30.47 and P/S ratio of 4.63.
Added: FARO Technologies Inc. (FARO)
PRIMECAP Management added to his holdings in FARO Technologies Inc. by 33.33%. His purchase prices were between $21.1 and $27.12, 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 200,000 shares as of 09/30/2008.
FARO Technologies Inc. and its international subsidiaries are pioneers and market leaders in the computer-aided manufacturing measurement market which is the final frontier of the computer-aided design and computer-aided manufacturing revolution. FARO's product line includes portable 3D measurement equipment computer-aided design-based inspection software for portable and fixed-base coordinate measurement machines as well as factory-level statistical process control and manufacturing quality consulting services. (Company Press Release) FARO Technologies Inc. has a market cap of $246.57 million; its shares were traded at around $15.29 with a P/E ratio of 12.31 and P/S ratio of 1.20.
Added: Dyax Corp. (DYAX)
PRIMECAP Management added to his holdings in Dyax Corp. by 56.61%. His purchase prices were between $2.91 and $4.99, with an estimated average price of $4.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 1,397,000 shares as of 09/30/2008.
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 $180.65 million; its shares were traded at around $3.06 with P/S ratio of 6.39.
New Purchase: Expeditors International of Washington I (EXPD)
PRIMECAP Management initiated holdings in Expeditors International of Washington I. His purchase prices were between $33.76 and $44.21, with an estimated average price of $37.5. The impact to his portfolio due to this purchase was 0.05%. His holdings were 739,616 shares as of 09/30/2008.
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 $6.72 billion; its shares were traded at around $33.29 with a P/E ratio of 23.82 and P/S ratio of 1.22. The dividend yield of Expeditors International of Washington I stocks is 0.98%.
New Purchase: International Business Machines Corp (IBM)
PRIMECAP Management initiated holdings in International Business Machines Corp. His purchase prices were between $113.69 and $128.67, with an estimated average price of $122.2. The impact to his portfolio due to this purchase was 0.02%. His holdings were 83,889 shares as of 09/30/2008.
IBM uses advanced information technology to provide customer solutions. The company operates primarily in a single industry using several segments that create value by offering a variety of solutions that include either singularly or in some combination technologies systems products services software and financing. Organizationally the company's major operations comprise three hardware product segments--Technology Personal Systems and Enterprise Systems; a Global Services segment; a Software segment; a Global Financing segment and an Enterprise Investments segment. International Business Machines Corp has a market cap of $107.13 billion; its shares were traded at around $82.74 with a P/E ratio of 9.40 and P/S ratio of 1.05. The dividend yield of International Business Machines Corp stocks is 2.15%.
New Purchase: Nucor Corp. (NUE)
PRIMECAP Management initiated holdings in Nucor Corp.. His purchase prices were between $44.36 and $64.63, with an estimated average price of $53. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 17,200 shares as of 09/30/2008.
Nucor Corporation manufactures and sells steel products. Principal steel products are hot-rolled steel (angles rounds flats channels sheet wide-flange beams pilings billets blooms and beam blanks) cold-rolled steel cold finished steel steel joists and joist girders steeldeck steel fasteners and steel grinding balls. Nucor is the largest recycler in the United States. Nucor and affiliates are manufacturers of steel products with operating facilities in fourteen states. Nucor Corp. has a market cap of $9.62 billion; its shares were traded at around $34.24 with a P/E ratio of 4.39 and P/S ratio of 0.45. The dividend yield of Nucor Corp. stocks is 3.16%.
New Purchase: CEPHEID (CPHD)
PRIMECAP Management initiated holdings in CEPHEID. His purchase prices were between $14.6 and $29.98, with an estimated average price of $20.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 157,500 shares as of 09/30/2008.
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 $775.60 million; its shares were traded at around $13.98 with P/S ratio of 4.67.
New Purchase: Arkansas Best Corp. (ABFS)
PRIMECAP Management initiated holdings in Arkansas Best Corp.. His purchase prices were between $32.23 and $42.23, with an estimated average price of $36.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 6,850 shares as of 09/30/2008.
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 $600.18 million; its shares were traded at around $25.16 with a P/E ratio of 11.28 and P/S ratio of 0.33. The dividend yield of Arkansas Best Corp. stocks is 2.06%.
New Purchase: Ticketmaster (TKTM)
PRIMECAP Management initiated holdings in Ticketmaster. His purchase prices were between $10.74 and $24.56, with an estimated average price of $18.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,650 shares as of 09/30/2008.
As the world's leading live entertainment ticketing and marketing company Ticketmaster connects the world to live entertainment. Ticketmaster operates in twenty global markets providing ticket sales ticket resale services marketing and distribution through www.ticketmaster.com one of the largest e-commerce sites on the Internet; approximately 6700 retail outlets; and 21 worldwide call centers. Established in 1976 Ticketmaster serves more than 10000 clients worldwide across multiple event categories providing exclusive ticketing services for leading arenas stadiums professional sports franchises and leagues college sports teams performing arts venues museums and theaters. In 2007 the company sold more than 141 million tickets valued at over $8.3 billion on behalf of its clients. Ticketmaster is headquartered in West Hollywood California and is traded on the NASDAQ stock exchange Ticketmaster has a market cap of $N/A million; its shares were traded at around $5.36 .
New Purchase: GLG PARTNERS, INC. (GLG)
PRIMECAP Management initiated holdings in GLG PARTNERS, INC.. His purchase prices were between $5.29 and $9.19, with an estimated average price of $8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 56,276 shares as of 09/30/2008.
GLG PARTNERS one of the largest alternative asset managers in the world offers its base of long-standing prestigious clients a diverse range of investment products and account management services. GLG's focus is on preserving client's capital and achieving consistent superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. GLG has built on the roots of its founders in the private wealth management industry to develop into one of the world's largest and most recognized alternative investment managers while maintaining its tradition of client-focused product development and customer service. GLG PARTNERS, INC. has a market cap of $675.58 million; its shares were traded at around $2.76 with P/S ratio of 0.78. The dividend yield of GLG PARTNERS, INC. stocks is 3.13%.
New Purchase: HSN Inc. (HSNI)
PRIMECAP Management initiated holdings in HSN Inc.. His purchase prices were between $10.1 and $15.92, with an estimated average price of $13.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,650 shares as of 09/30/2008.
HSNi owns and operates through its subsidiaries HSN a retailer and interactive lifestyle network offering a broad assortment of products through television home shopping programming on the HSN television network and HSN.com. HSN strives to transform the shopping experience by incorporating experts entertainment inspiration solutions tips and ideas in connection with the sale of products through the HSN television network and HSN.com. HSNi also owns and operates through its subsidiaries the Cornerstone Brands portfolio of catalogs and related websites including Frontgate Ballard Designs Garnet Hill Smith+Noble The Territory Ahead TravelSmith and Improvements as well as a limited number of retail stores. HSN Inc. has a market cap of $284.97 million; its shares were traded at around $4.6 with P/S ratio of 0.09.
New Purchase: Interval Leisure Group Inc. (IILG)
PRIMECAP Management initiated holdings in Interval Leisure Group Inc.. His purchase prices were between $10.8 and $15.06, with an estimated average price of $12.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,650 shares as of 09/30/2008.
INTERVAL LEISURE GROUP is a leading provider of membership and leisure services to consumers and business-to-business customers in the vacation industry. Its principal business is Interval International a pioneer and innovator serving the vacation ownership market for more than 32 years. Interval International is a membership-based organization that offers a comprehensive package of year-round benefits including the opportunity to trade the use of resort time for alternate accommodations. Today Interval has a network of over 2400 resorts in excess of 75 countries and offers its resort clients and approximately two million member families high-quality products and programs through 29 offices in 17 nations. RQH provides vacation rental and property management services to vacationers and vacation property owners across Hawaii with a portfolio of approximately 5000 units in properties throughout the islands. ILG is headquartered in Miami Florida and has approximately 2900 Interval Leisure Group Inc. has a market cap of $337.70 million; its shares were traded at around $5.95 with a P/E ratio of 4.95 and P/S ratio of 0.81.
New Purchase: Goodrich Corp. (GR)
PRIMECAP Management initiated holdings in Goodrich Corp.. His purchase prices were between $42.43 and $53.7, with an estimated average price of $48.6. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 10,000 shares as of 09/30/2008.
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 $3.97 billion; its shares were traded at around $33.37 with a P/E ratio of 6.38 and P/S ratio of 0.58. The dividend yield of Goodrich Corp. stocks is 2.46%.
Reduced: Sycamore Networks Inc. (SCMR)
PRIMECAP Management reduced to his holdings in Sycamore Networks Inc. by 74.86%. His sale prices were between $3.12 and $3.66, with an estimated average price of $3.4. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 88,000 shares as of 09/30/2008.
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 $740.87 million; its shares were traded at around $2.67 with P/S ratio of 6.56.
Reduced: Internap Network Services Corp. (INAP)
PRIMECAP Management reduced to his holdings in Internap Network Services Corp. by 34.62%. His sale prices were between $3.07 and $4.95, with an estimated average price of $3.9. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 146,900 shares as of 09/30/2008.
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 $138.09 million; its shares were traded at around $2.78 with P/S ratio of 0.56.
Reduced: Minerals Technologies Inc. (MTX)
PRIMECAP Management reduced to his holdings in Minerals Technologies Inc. by 23.08%. His sale prices were between $61.57 and $67.21, with an estimated average price of $64.8. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 5,000 shares as of 09/30/2008.
Minerals Technologies Inc. is a resource and technology-based company that develops produces and markets on a worldwide basis a broad range of specialty mineral mineral-based and synthetic mineral products. The Company has two operating segments: Specialty Minerals and Refractories. The Specialty Minerals segment produces and sells precipitated calcium carbonate and lime and mines processes and sells the natural mineral products limestone and talc. The Refractories segment produces and markets monolithic and shaped refractory materials and services. Minerals Technologies Inc. has a market cap of $846.72 million; its shares were traded at around $47.75 with a P/E ratio of 11.31 and P/S ratio of 0.78. The dividend yield of Minerals Technologies Inc. stocks is 0.35%.
Reduced: IAC/InterActiveCorp (IACI)
PRIMECAP Management reduced to his holdings in IAC/InterActiveCorp by 50%. His sale prices were between $16.6 and $26.75, with an estimated average price of $21.7. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 54,125 shares as of 09/30/2008.
IAC/InterActiveCorp is the world's leading multi-brand interactive commerce company. IAC consists of IAC Travel which includes Expedia Inc. Hotels.com Hotwire Interval International and TV Travel Shop; HSN; Ticketmaster which oversees ReserveAmerica; Match.com; LendingTree; Precision Response Corporation; IAC Local and Media Services which includes Citysearch Evite Entertainment Publications Inc. and TripAdvisor Inc.; and IAC Interactive Development which includes ZeroDegrees. IAC/InterActiveCorp has a market cap of $2.2 billion; its shares were traded at around $15.96 with P/S ratio of 1.52.
Reduced: Hanmi Financial Corp. (HAFC)
PRIMECAP Management reduced to his holdings in Hanmi Financial Corp. by 44.88%. His sale prices were between $4.75 and $6.26, with an estimated average price of $5.4. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 168,131 shares as of 09/30/2008.
Hanmi Financial Corporation is the holding company for Hanmi Bank one of the leading banks providing services to the multi-ethnic communities of Southern California with full service offices. Hanmi Bank is a business bank conducting a general community banking business with its primary market encompassing multi-ethnic small business customers. The bank specializes in commercial SBA trade finance and consumer lending and is a recognized community leader serving the diverse communities throughout Southern California. (PRESS RELEASE) Hanmi Financial Corp. has a market cap of $182.24 million; its shares were traded at around $3.98 with P/S ratio of 1.71.
Reduced: Greatbatch Inc. (GB)
PRIMECAP Management reduced to his holdings in Greatbatch Inc. by 24.36%. His sale prices were between $16.99 and $26.27, with an estimated average price of $22.8. The impact to his portfolio due to this sale was -0.01%. PRIMECAP Management still held 834,857 shares as of 09/30/2008.
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 $551.49 million; its shares were traded at around $25.26 with a P/E ratio of 46.29 and P/S ratio of 1.19.
Reduced: THQ Inc. (THQI)
PRIMECAP Management reduced to his holdings in THQ Inc. by 62.41%. His sale prices were between $12.35 and $19.94, with an estimated average price of $15.7. The impact to his portfolio due to this sale was -0.01%. PRIMECAP Management still held 500,000 shares as of 09/30/2008.
THQ Incorporated is a developer publisher and distributor of interactiveentertainment software for the leading hardware platforms in the home video game market. The company publishes titles for several home video game systems and personal computers in most interactive software genres including action adventure driving fighting puzzle role playing simulation sports and strategy. THQ Inc. has a market cap of $268.90 million; its shares were traded at around $4.4 with P/S ratio of 0.30.
Reduced: VeriSign Inc. (VRSN)
PRIMECAP Management reduced to his holdings in VeriSign Inc. by 90.72%. His sale prices were between $26.44 and $36.74, with an estimated average price of $31.5. The impact to his portfolio due to this sale was -0.02%. PRIMECAP Management still held 399,665 shares as of 09/30/2008.
VeriSign is one of the leading providers of trusted infrastructure services to website owners enterprises electronic commerce service providers and individuals. The company's domain name registration digital certificate global registry and payment services provide the critical web identity authentication and transaction infrastructure that online businesses need to establish their web identities and to conduct secure electronic commerce or e-commerce and communications. VeriSign Inc. has a market cap of $3.55 billion; its shares were traded at around $19.18 with P/S ratio of 2.35.
Reduced: General Electric Company (GE)
PRIMECAP Management reduced to his holdings in General Electric Company by 91.42%. His sale prices were between $25.25 and $29.41, with an estimated average price of $27.6. The impact to his portfolio due to this sale was -0.02%. PRIMECAP Management still held 344,000 shares as of 09/30/2008.
General Electric is one of the largest and most diversified industrial corporations in the world. GE is engaged in developing manufacturing and marketing a wide variety of products for the generation transmission distribution control and utilization of electricity. Some of GE's products include major appliances; lighting products; industrial automation products; medical diagnostic imaging equipment; motors; electrical distribution and control equipment; locomotives; power generation and delivery products. General Electric Company has a market cap of $162.17 billion; its shares were traded at around $17.81 with a P/E ratio of 8.00 and P/S ratio of 0.96. The dividend yield of General Electric Company stocks is 6.36%.
Reduced: Canadian National Railway Company Fully (CNI)
PRIMECAP Management reduced to his holdings in Canadian National Railway Company Fully by 68.53%. His sale prices were between $45.79 and $53.04, with an estimated average price of $51. The impact to his portfolio due to this sale was -0.03%. PRIMECAP Management still held 633,500 shares as of 09/30/2008.
Canadian National Railway Company a Canadian corporation operates the larger of Canada's two principal railroads and the only coast-to-coast railroad network in North America. The company's rail network serves major ports in Canada and includes strategic connections to the United States through the Chicago gateway Detroit and other major cities. Canadian National Railway Company Fully has a market cap of $17.84 billion; its shares were traded at around $42.2 with a P/E ratio of 10.26 and P/S ratio of 2.87. The dividend yield of Canadian National Railway Company Fully stocks is 1.99%.
Reduced: Deere & Company (DE)
PRIMECAP Management reduced to his holdings in Deere & Company by 26.45%. His sale prices were between $55.33 and $70.23, with an estimated average price of $65.8. The impact to his portfolio due to this sale was -0.06%. PRIMECAP Management still held 2,531,512 shares as of 09/30/2008.
Deere & Company is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction forestry and commercial and consumer equipment. The company in addition provides credit special technology and managed health-care products and services. (Company Press Release) Deere & Company has a market cap of $13.98 billion; its shares were traded at around $35.12 with a P/E ratio of 6.79 and P/S ratio of 0.55. The dividend yield of Deere & Company stocks is 2.9%.
Sold Out: Rohm and Haas Company (ROH)
PRIMECAP Management sold out his holdings in Rohm and Haas Company. His sale prices were between $44.55 and $75.02, with an estimated average price of $71.8. The impact to his portfolio due to this sale was less than 0.01%.
Rohm & Haas Co. is a specialty chemical company. Rohm and Haas technology is found in paints and coatings adhesives and sealants household products personal computers and electronic components and construction materials. It also helps bring food to the table -- fruits and vegetables -- and salt an essential ingredient for life. In addition to serving the specialty crop market Rohm and Haas offers a wide range of turf and ornamental products designed for use by golf course and lawn care professionals. (Company Press Release) Rohm and Haas Company has a market cap of $13.99 billion; its shares were traded at around $72.85 with a P/E ratio of 22.39 and P/S ratio of 1.44. The dividend yield of Rohm and Haas Company stocks is 2.33%.
Sold Out: Chevron Corp. (CVX)
PRIMECAP Management sold out his holdings in Chevron Corp.. His sale prices were between $80.22 and $97.89, with an estimated average price of $86.3. The impact to his portfolio due to this sale was less than 0.01%.
Chevron is the fifth-largest integrated energy company in the world. Headquartered in San Ramon California and conducting business in approximately 180 countries this highly competitive corporation is engaged in every aspect of the oil and natural gas industry including exploration and production; refining marketing and transportation; chemicals manufacturing and sales; and power generation. Chevron Corp. has a market cap of $136.7 billion; its shares were traded at around $73.54 with a P/E ratio of 5.83 and P/S ratio of 0.55. The dividend yield of Chevron Corp. stocks is 3.49%.
Sold Out: Freddie Mac (FRE)
PRIMECAP Management sold out his holdings in Freddie Mac. His sale prices were between $0.46 and $14.5, with an estimated average price of $5.8. The impact to his portfolio due to this sale was less than 0.01%.
Freddie Mac is a stockholder-owned corporation that supports homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. (Company Press Release) Freddie Mac has a market cap of $485.26 million; its shares were traded at around $0.82 . The dividend yield of Freddie Mac stocks is 97.09%.
Sold Out: UAL Corp. (UAUA)
PRIMECAP Management sold out his holdings in UAL Corp.. His sale prices were between $3.63 and $14.18, with an estimated average price of $9.5. The impact to his portfolio due to this sale was less than 0.01%.
United Airlines organization is committed to continuous improvements in costs revenues and operations to sustain and enhance a competitive margin. To achieve this goal the company is investing in its employees and ensuring accountability to create a high-performing organization. The company's portfolio of products offers the right service to the right customer at the right price. UAL Corp. has a market cap of $1.2 billion; its shares were traded at around $12.83 with P/S ratio of 0.08.
Sold Out: Alpha Natural Resources Inc. (ANR)
PRIMECAP Management sold out his holdings in Alpha Natural Resources Inc.. His sale prices were between $55.94 and $104.44, with an estimated average price of $86.7. The impact to his portfolio due to this sale was less than 0.01%.
Alpha Natural Resources is a leading Central Appalachian coal producer that also has significant operations in Northern Appalachia. Their reserves primarily consist of high Btu low sulfur steam coal and metallurgical coal. They produce process and sell steam and metallurgical coal from eight regional business units supported by active underground mines active surface mines and preparation plants located throughout Virginia West Virginia Kentucky Pennsylvania and Colorado. Alpha Natural Resources Inc. has a market cap of $1.69 billion; its shares were traded at around $25.39 with a P/E ratio of 9.38 and P/S ratio of 0.73.
Sold Out: Fannie Mae (FNM)
PRIMECAP Management sold out his holdings in Fannie Mae. His sale prices were between $0.69 and $18.66, with an estimated average price of $8. The impact to his portfolio due to this sale was less than 0.01%.
Fannie Mae is the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is one of the nation's largest sources of financing for home mortgages. Fannie Mae is working to shrink the nation's homeownership gaps through an American Dream Commitment to increase homeownership rates and serve targeted American families by the end of the decade. (Company Press Release) Fannie Mae has a market cap of $727.47 million; its shares were traded at around $0.682 . The dividend yield of Fannie Mae stocks is 21.57%.
Sold Out: Basin Water Inc. (BWTR)
PRIMECAP Management sold out his holdings in Basin Water Inc.. His sale prices were between $1.75 and $4.35, with an estimated average price of $3. The impact to his portfolio due to this sale was less than 0.01%.
Basin Water Inc. designs builds and implements systems for the treatment of contaminated groundwater. Basin Water has developed a proprietary scalable ion-exchange wellhead treatment system that reduces groundwater contaminant levels in an efficient flexible and cost-effective manner. Basin Water Inc. has a market cap of $12.31 million; its shares were traded at around $0.61 with P/S ratio of 0.66.
Sold Out: American International Group Inc. (AIG)
PRIMECAP Management sold out his holdings in American International Group Inc.. His sale prices were between $3.15 and $26.97, with an estimated average price of $19.8. The impact to his portfolio due to this sale was less than 0.01%.
American International Group Inc. world leaders in insurance and financial services is the leading international insurance organization with operations in more than one hundred thirty countries and jurisdictions. AIG companies serve commercial institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition AIG companies are leading providers of retirement services financial services and asset management around the world. American International Group Inc. has a market cap of $5.46 billion; its shares were traded at around $2.26 with P/S ratio of 0.07.
Sold Out: Waters Corp. (WAT)
PRIMECAP Management sold out his holdings in Waters Corp.. His sale prices were between $57.65 and $70.19, with an estimated average price of $65.2. The impact to his portfolio due to this sale was less than 0.01%.
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 $3.78 billion; its shares were traded at around $41.07 with a P/E ratio of 12.12 and P/S ratio of 2.53.
Sold Out: Tellabs Inc. (TLAB)
PRIMECAP Management sold out his holdings in Tellabs Inc.. His sale prices were between $4.1 and $5.45, with an estimated average price of $4.8. The impact to his portfolio due to this sale was less than 0.01%.
Tellabs helps the world's leading communications service providers build tomorrow's converged networks of voice data and video. Tellabs employees design build and service optical networking broadband access and next-generation switching equipment. (Company Press Release) Tellabs Inc. has a market cap of $1.41 billion; its shares were traded at around $3.8 with P/S ratio of 0.85.
