PRIMECAP Management (Trades, Portfolio) was founded in September 1983 and manages Vanguard Capital Opportunity Fund, and Vanguard PRIMECAP Core Fund. The following are some of its most heavily weighted trades during the the fourth quarter, according to GuruFocus Real-Time Picks.
The fund increased its holding in Xencor Inc. (XNCR) by 21.89% with an impact of 0.01% on the portfolio. The fund now holds 10.63% of outstanding shares.
It is a clinical-stage biopharmaceutical company developing engineered monoclonal antibodies for the treatment of asthma and allergic diseases, autoimmune diseases and cancer. Currently, eight candidates that have been engineered with Xencor's XmAb technology are in clinical development internally and with partners.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10, with negative returns of ROE of -22.11% and ROA of -19.03% that are still outperforming 53% of the companies in the Global Biotechnology industry. Financial strength has a rating of 6 out of 10 with no debt.
The fund increased its stake in ServiceSource International Inc. (SREV) by 2.02% and it now holds 15% of outstanding shares.
The company is engaged in recurring revenue management partnering with technology and technology-enabled companies to optimize maintenance, support and subscription revenue streams, while also improving customer relationships and loyalty. During the third quarter, revenue was near the high-end of guidance, and the company exceeded its expectations on profitability and improved its adjusted EBITDA by $6 million year-over-year.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with negative returns of ROE of -28.92% and ROA of -14.47% that are underperforming 83% of the companies in the industry. Financial strength has a rating of 4 out of 10, with a cash-to-debt of 1.67 that is below the industry median of 8.17.
Another notable shareholder of the company is Jim Simons (Trades, Portfolio) who holds 1.45% of outstanding shares.
The fund trimmed its stake in Transocean Ltd. (RIG) by 15.48% with an impact of -0.01% on the portfolio. The fund now holds 4.91% of outstanding shares of the company.
The company is an international provider of offshore contract drilling services for oil and gas wells. It specializes in technically demanding regions of the offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Third quarter revenues were $1.61 billion, compared with $1.88 billion in the second quarter of 2015. Adjusted net income was 87 cents per diluted share, compared to $1.11 per diluted share in the prior-year quarter.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10, with strong returns of ROE of 1.31% and ROA of 0.65% that are over performing 66% of the companies in the Global Oil & Gas Drilling industry. Financial strength has a rating of 6 out of 10, with a cash-to-debt of 0.26 that is at same level of the industry median of 0.26.
Other notable shareholders of the company are Carl Icahn (Trades, Portfolio) with 5.9% of outstanding shares followed by Joel Greenblatt (Trades, Portfolio) with 0.27%, Jim Simons (Trades, Portfolio) with 0.24% and Chris Davis (Trades, Portfolio) with 0.12%.
The fund raised its stake in The Rubicon Project Inc. (RUBI) by 53.11% with an impact of 0.01% on the portfolio. It now holds 5.3% of outstanding shares.
The company is a technology company that provides buying and selling of advertising. Its Advertising Automation Cloud provides software platform that powers marketplace for the real time trading of digital advertising between buyers and sellers. The company reported an increase of 100% year-over-year for the third quarter GAAP revenue and an increase of 163% year-over-year for adjusted Ebitda.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10, with negative returns of ROE of -11.63% and ROA of -5.47% that are underperforming 76% of the companies in the industry. Financial strength has a rating of 4 out of 10 with no debt.
Other notable shareholders of the company are Chuck Royce (Trades, Portfolio) with 3.46% of outstanding shares, Jim Simons (Trades, Portfolio) with 1%, Ken Fisher (Trades, Portfolio) with 0.38% and Paul Tudor Jones (Trades, Portfolio) with 0.03%.
Primecap increased its holding in Boot Barn Holdings Inc. (BOOT) by 148.32% with an impact of 0.01% on the portfolio. The fund now holds 19% of outstanding shares of the company.
The company operates specialty retail stores that sell western and work boots and related apparel and accessories. It operates retail locations throughout the U.S. and sells its merchandise via the Internet. During the third quarter, net sales grew 49% and pro forma adjusted net income per diluted share was 45 cents, compared to 40 cents in the prior-year period.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10. Financial strength has a rating of 4 out of 10, with cash to debt of 0.08 that is below industry median of 0.78.
Other notable shareholders of the company are Chuck Royce (Trades, Portfolio) who holds 4.55% of outstanding shares, RS Investment Management (Trades, Portfolio) with 4.15% Ron Baron (Trades, Portfolio) with 0.19% and Paul Tudor Jones (Trades, Portfolio) with 0.13%.
