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PRIMECAP Management Buys Electronic Arts Inc., John Wiley & Sons Inc., Kellogg Company, Sells Data Domain, Inc., Interval Leisure Group, Inc., JPMorgan Chase & Co.

Primecap Management focuses on investing in high quality companies that offer better earnings growth prospects than are anticipated by the market. They remain very overweight in the health care and information technology sectors and very underweight in the financials and consumer staples sectors.

Primecap Management has been underweight in financials since 2004. They wrote in shareholder letter: “In our view, financial institutions remain highly leveraged companies with opaque balance sheets that are based, in no small way, on assumptions about future losses. The funds benefited from a minimal weighting in the financials sector, the worst sector in the market for the six-month period (-29.13%). However, the financials sector has led the recent rally in the stock market, and the funds’ underweight position has hurt performance since early March.”

Primecap Management is doing much more buying than selling in the third quarter.

PRIMECAP Management buys Electronic Arts Inc., John Wiley & Sons Inc., Rovi Corp., Kellogg Company, Seahawk Drilling Inc., Immunogen Inc., Internet Brands, Inc, Netscout Systems Inc., sells Data Domain, Inc., Interval Leisure Group, Inc., JPMorgan Chase & Co., Nordstrom Inc., Medarex Inc., Macrovision Solutions Corporation during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, PRIMECAP Management. PRIMECAP Management owns 237 stocks with a total value of $56.5 billion. These are the details of the buys and sells.

For the details of PRIMECAP Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=PRIMECAP+Management

This is the sector weightings of his portfolio:

Technology

30%

Health Care

23.8%

Consumer Services

13.1%

Industrials

12.2%

Oil & Gas

6.8%

Basic Materials

4.3%

Financials

3.8%

Consumer Goods

3.8%

Telecommunications

0.2%

Utilities

0.2%



These are the top 5 holdings of PRIMECAP Management

  1. Amgen Inc. (AMGN) - 39,278,616 shares, 4.19% of the total portfolio
  2. Eli Lilly And Company (LLY) - 62,428,802 shares, 3.65% of the total portfolio
  3. Novartis AG (NVS) - 37,443,854 shares, 3.34% of the total portfolio
  4. FedEx Corp. (FDX) - 23,062,721 shares, 3.07% of the total portfolio
  5. Google Inc. (GOOG) - 3,179,626 shares, 2.79% of the total portfolio

 

Added: Amgen Inc. ( AMGN)

PRIMECAP Management added to his holdings in Amgen Inc. by 8.28%. His purchase prices were between $51.47 and $64.41, with an estimated average price of $59.81. The impact to his portfolio due to this purchase was 0.32%. His holdings were 39,278,616 shares as of 09/30/2009.

Amgen Inc. has a market cap of $56.27 billion; its shares were traded at around $55.41 with a P/E ratio of 11.3 and P/S ratio of 3.6. Amgen Inc. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Amgen Inc. the business predictability rank of 4-star.

Added: Lm Ericsson Telephone Company (ERIC)

PRIMECAP Management added to his holdings in Lm Ericsson Telephone Company by 24.51%. His purchase prices were between $9.23 and $10.76, with an estimated average price of $9.76. The impact to his portfolio due to this purchase was 0.16%. His holdings were 46,795,442 shares as of 09/30/2009.

Ericsson is a world-leading supplier in the fast-growing and dynamic telecommunications and data communications industry, offering advanced communications solutions for mobile and fixed networks, as well as consumer products. The company is a total solutions supplier for all customer segments: network operators and service providers, enterprises and consumers. The company has the world's largest customer base in the telecommunications field. Lm Ericsson Telephone Company has a market cap of $33.5 billion; its shares were traded at around $10.56 with a P/E ratio of 16.6 and P/S ratio of 1.1. The dividend yield of Lm Ericsson Telephone Company stocks is 1.5%.

Added: The Boeing Company (BA)

PRIMECAP Management added to his holdings in The Boeing Company by 24.2%. His purchase prices were between $39.04 and $54.62, with an estimated average price of $46.08. The impact to his portfolio due to this purchase was 0.14%. His holdings were 7,278,370 shares as of 09/30/2009.

The Boeing Company is one of the world's major aerospace firms. The company operates in three principal segments: commercial airplanes; military aircraft and missiles; and space and communications. The Boeing Company has a market cap of $36.82 billion; its shares were traded at around $50.68 with a P/E ratio of 74.5 and P/S ratio of 0.6. The dividend yield of The Boeing Company stocks is 3.4%. The Boeing Company had an annual average earning growth of 10.9% over the past 10 years. GuruFocus rated The Boeing Company the business predictability rank of 2.5-star.

Added: Eli Lilly And Company ( LLY)

PRIMECAP Management added to his holdings in Eli Lilly And Company by 3.42%. His purchase prices were between $32.4 and $35.15, with an estimated average price of $33.54. The impact to his portfolio due to this purchase was 0.12%. His holdings were 62,428,802 shares as of 09/30/2009.

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 $40.63 billion; its shares were traded at around $35.36 with a P/E ratio of 7.8 and P/S ratio of 2. The dividend yield of Eli Lilly And Company stocks is 5.4%. Eli Lilly And Company had an annual average earning growth of 4.4% over the past 10 years. GuruFocus rated Eli Lilly And Company the business predictability rank of 4.5-star.

Added: Marsh & Mclennan Companies Inc. ( MMC)

PRIMECAP Management added to his holdings in Marsh & Mclennan Companies Inc. by 8.25%. His purchase prices were between $18.65 and $24.8, with an estimated average price of $22. The impact to his portfolio due to this purchase was 0.11%. His holdings were 31,719,550 shares as of 09/30/2009.

Marsh & McLennan is primarily a holding company which, through its subsidiaries and affiliates, provides clients with analysis, advice and transactional capabilities in the fields of risk and insurance services, investment management and consulting. MMC Enterprise Risk provides advanced risk consulting services and transactional solutions on enterprise. MMC CAPITAL is a global private equity firm that invests in industries where MMC possesses specialized knowledge and proprietary deal flow. Marsh & Mclennan Companies Inc. has a market cap of $12.54 billion; its shares were traded at around $23.94 with a P/E ratio of 15.2 and P/S ratio of 1.1. The dividend yield of Marsh & Mclennan Companies Inc. stocks is 3.4%.

Added: Rockwell Automation Inc. Common ( ROK)

PRIMECAP Management added to his holdings in Rockwell Automation Inc. Common by 63.86%. His purchase prices were between $30.22 and $44.4, with an estimated average price of $39.52. The impact to his portfolio due to this purchase was 0.08%. His holdings were 2,729,211 shares as of 09/30/2009.

Rockwell Automation is a leading global provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The Company brings together leading brands in industrial automation for Complete Automation solutions, including Allen-Bradley controls and services, Dodge mechanical power transmission products, Reliance Electric motors and drives, and Rockwell Software factory management software. Rockwell Automation Inc. has a market cap of $6.19 billion; its shares were traded at around $43.63 with a P/E ratio of 18.2 and P/S ratio of 1.1. The dividend yield of Rockwell Automation Inc. Common stocks is 2.7%. Rockwell Automation Inc. Common had an annual average earning growth of 5.3% over the past 10 years.

Added: Flextronics International Ltd. ( FLEX)

PRIMECAP Management added to his holdings in Flextronics International Ltd. by 24.79%. His purchase prices were between $4.04 and $7.52, with an estimated average price of $5.66. The impact to his portfolio due to this purchase was 0.08%. His holdings were 29,857,254 shares as of 09/30/2009.

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 $5.75 billion; its shares were traded at around $7.09 with a P/E ratio of 20.8 and P/S ratio of 0.2.

Added: Dendreon Corp. ( DNDN)

PRIMECAP Management added to his holdings in Dendreon Corp. by 32.23%. His purchase prices were between $22.13 and $29.46, with an estimated average price of $24.3. The impact to his portfolio due to this purchase was 0.06%. His holdings were 4,554,500 shares as of 09/30/2009.

Dendreon Corporation discovers and develops immunologically based therapeutic products for the treatment of cancer. Through the use of antigen engineering and proprietary cell separation technologies, Dendreon develops therapeutic vaccines that induce cell-mediated immunity, the body's key defense against cancer. In addition to its products for cancer, Dendreon also intends to pursue the application of its technologies in the fields of autoimmune diseases, allergies and infectious diseases. Dendreon Corp. has a market cap of $3.35 billion; its shares were traded at around $28.94 with and P/S ratio of 30177.4. Dendreon Corp. had an annual average earning growth of 15.3% over the past 5 years.

Added: Luminex Corp. ( LMNX)

PRIMECAP Management added to his holdings in Luminex Corp. by 190.75%. His purchase prices were between $14.85 and $18.28, with an estimated average price of $16.5. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,201,419 shares as of 09/30/2009.

Luminex Corporation has developed, manufactures and markets a proprietarytechnology that simplifies biological testing for the life sciences industry. This industry depends on a broad range of tests, called bioassays, to discover new drugs, identify new genes or simply monitor blood cholesterol levels. The LabMAP system simultaneously performs up to 100 bioassays on a single drop of fluid. Luminex Corp. has a market cap of $550.6 million; its shares were traded at around $13.27 with a P/E ratio of 120.7 and P/S ratio of 5.2.

Added: Cepheid ( CPHD)

PRIMECAP Management added to his holdings in Cepheid by 98.83%. His purchase prices were between $8.47 and $14.45, with an estimated average price of $11.7. The impact to his portfolio due to this purchase was 0.03%. His holdings were 2,590,400 shares as of 09/30/2009.

Cepheid, Inc. develops, manufactures and markets microfluidic systems that integrate, automate and accelerate biological testing. Their systems are miniaturized instruments that analyze complex biological samples in a disposable cartridge by combining molecular biology with microfluidic technology that processes small quantities of liquid, typically using components fabricated with computer chip technology. These systems rapidly perform all of the steps required to analyze complex biological samples. Cepheid has a market cap of $787.1 million; its shares were traded at around $13.54 with and P/S ratio of 4.7.

Added: Norfolk Southern Corp. ( NSC)

PRIMECAP Management added to his holdings in Norfolk Southern Corp. by 21.96%. His purchase prices were between $35.87 and $49.23, with an estimated average price of $44.31. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,921,342 shares as of 09/30/2009.

Norfolk Southern Corp., a Virginia-based holding company, owns two major freight railroads, Norfolk Southern Railway Company and Norfolk Western Railway Company, which operates in numerous states, the District of Columbia and the Province of Ontario. (Company Press Release) Norfolk Southern Corp. has a market cap of $19 billion; its shares were traded at around $51.67 with a P/E ratio of 16.5 and P/S ratio of 1.8. The dividend yield of Norfolk Southern Corp. stocks is 2.6%. Norfolk Southern Corp. had an annual average earning growth of 9.7% over the past 10 years.

Added: Nuance Communications Inc. ( NUAN)

PRIMECAP Management added to his holdings in Nuance Communications Inc. by 61.96%. His purchase prices were between $11.14 and $14.79, with an estimated average price of $13.12. The impact to his portfolio due to this purchase was 0.03%. His holdings were 2,510,900 shares as of 09/30/2009.

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 $3.7 billion; its shares were traded at around $13.74 with a P/E ratio of 17.4 and P/S ratio of 4.3.

Added: Cabot Oil & Gas Corp. ( COG)

PRIMECAP Management added to his holdings in Cabot Oil & Gas Corp. by 80.82%. His purchase prices were between $27.98 and $38.42, with an estimated average price of $34.94. The impact to his portfolio due to this purchase was 0.02%. His holdings were 862,500 shares as of 09/30/2009.

Cabot Oil & Gas Corp. is an independent oil and gas company engaged in the exploration, development, acquisition and exploitation of oil and gas properties located in four areas of the United States: the onshore Texas and Louisiana Gulf Coast; the Rocky Mountains; Appalachia; and the Mid-Continent or Anadarko Basin. Cabot Oil & Gas Corp. has a market cap of $4.13 billion; its shares were traded at around $39.86 with a P/E ratio of 26.2 and P/S ratio of 4.4. The dividend yield of Cabot Oil & Gas Corp. stocks is 0.3%. Cabot Oil & Gas Corp. had an annual average earning growth of 16.2% over the past 10 years. GuruFocus rated Cabot Oil & Gas Corp. the business predictability rank of 4-star.

Added: Charles River Laboratories International ( CRL)

PRIMECAP Management added to his holdings in Charles River Laboratories International by 56.41%. His purchase prices were between $30.37 and $37.14, with an estimated average price of $33.71. The impact to his portfolio due to this purchase was 0.02%. His holdings were 905,322 shares as of 09/30/2009.

Charles River Laboratories is a leading provider of critical research tools and integrated support services that enable innovative and efficient drug discovery and development. Charles River is the global leader inproviding the animal research models required in research and development for new drugs, devices and therapies and has been in this business for more than 50 years. Charles River Laboratories International has a market cap of $2.15 billion; its shares were traded at around $32.64 with a P/E ratio of 13.2 and P/S ratio of 1.7. Charles River Laboratories International had an annual average earning growth of 6.4% over the past 5 years.

Added: Petroleo Brasileiro S.a.petrobras ( PBR-A)

PRIMECAP Management added to his holdings in Petroleo Brasileiro S.a.petrobras by 35.13%. His purchase prices were between $29.1 and $38.94, with an estimated average price of $34.6. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,189,100 shares as of 09/30/2009.

Petrolo Brasilerio was founded in October of 1953 to operate in the Brazilian oil sector. The company is a mixed capital corporation that operates in the exploration, production, refining, commercialization, transportation, import, and export of oil and oil products. It also operates in the natural gas segment, in oil product distribution, in petrochemicals, and in fertilizers. The company's main domestic clients are oil products and natural gas distributors as well as major industrial consumers. Petroleo Brasileiro S.a.petrobras has a market cap of $191.71 billion; its shares were traded at around $43.7 with and P/S ratio of 1.3. The dividend yield of Petroleo Brasileiro S.a.petrobras stocks is 0.8%. Petroleo Brasileiro S.a.petrobras had an annual average earning growth of 36.6% over the past 10 years.

Added: Fpl Group Inc. ( FPL)

PRIMECAP Management added to his holdings in Fpl Group Inc. by 876.7%. His purchase prices were between $53.42 and $60.05, with an estimated average price of $56.29. The impact to his portfolio due to this purchase was 0.02%. His holdings were 195,340 shares as of 09/30/2009.

FPL Group, Inc. is a public utility holding company. FPL Group's principal subsidiary, FPL, is engaged in the generation, transmission, distribution and sale of electric energy. FPL Group Capital, a wholly-owned subsidiary of FPL Group, holds the capital stock and provides funding for the operating subsidiaries other than FPL. In addition, FPL Group Capital formed a new subsidiary to sell wholesale fiber-optic network capacity. Fpl Group Inc. has a market cap of $21.04 billion; its shares were traded at around $51.14 with a P/E ratio of 12.3 and P/S ratio of 1.3. The dividend yield of Fpl Group Inc. stocks is 3.7%. Fpl Group Inc. had an annual average earning growth of 3.3% over the past 10 years. GuruFocus rated Fpl Group Inc. the business predictability rank of 2.5-star.

Added: Illumina Inc. ( ILMN)

PRIMECAP Management added to his holdings in Illumina Inc. by 48.61%. His purchase prices were between $31.1 and $42.1, with an estimated average price of $36.02. The impact to his portfolio due to this purchase was 0.02%. His holdings were 878,300 shares as of 09/30/2009.

Illumina Inc. is a leading developer of next-generation tools for the large-scale analysis of genetic variation and function. The company's tools will provide information that could be used to improve drugs and therapies, customize diagnoses and treatment, and cure disease. The company is developing a comprehensive line of products that can address the scale of experimentation and the breadth of functional analysis required to achieve the goals of molecular medicine. Illumina Inc. has a market cap of $4.05 billion; its shares were traded at around $32.62 with a P/E ratio of 41.9 and P/S ratio of 7.

Added: Nektar Therapeutics (NKTR)

PRIMECAP Management added to his holdings in Nektar Therapeutics by 210.94%. His purchase prices were between $5.89 and $10.47, with an estimated average price of $7.71. The impact to his portfolio due to this purchase was 0.01%. His holdings were 463,300 shares as of 09/30/2009.

Nektar Therapeutics, formerly Inhale Therapeutic Systems, Inc., enables the development of high-value pharmaceutical products based on its leading drug delivery technologies. Nektar's expanded technology and development expertise allows it to develop and offer to partners new product opportunities, solve more development challenges, and realize the full potential of their therapeutics from new molecular entities to life-cycle management products. Nektar Therapeutics has a market cap of $796.9 million; its shares were traded at around $8.6 with and P/S ratio of 8.9. Nektar Therapeutics had an annual average earning growth of 5.5% over the past 10 years.

Added: Orasure Technologies Inc. ( OSUR)

PRIMECAP Management added to his holdings in Orasure Technologies Inc. by 112.92%. His purchase prices were between $2.43 and $3.09, with an estimated average price of $2.69. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,305,200 shares as of 09/30/2009.

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 $181.6 million; its shares were traded at around $3.96 with and P/S ratio of 2.5.

Added: Akamai Technologies Inc. ( AKAM)

PRIMECAP Management added to his holdings in Akamai Technologies Inc. by 27.48%. His purchase prices were between $16.42 and $21.25, with an estimated average price of $18.65. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,737,586 shares as of 09/30/2009.

Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow. Akamai Technologies Inc. has a market cap of $4.21 billion; its shares were traded at around $24.43 with a P/E ratio of 18.2 and P/S ratio of 5.4.

Added: Abiomed Inc. ( ABMD)

PRIMECAP Management added to his holdings in Abiomed Inc. by 21.27%. His purchase prices were between $7.09 and $9.99, with an estimated average price of $8.13. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,542,273 shares as of 09/30/2009.

Abiomed, Inc. is a developer, manufacturer and marketer of medical products designed to safely and effectively assist or replace the pumpingfunction of the failing heart. The company currently manufactures and sells the BVS-5000, a temporary heart assist device, which is approved by the U.S. Food and Drug Administration for the temporary treatment of all patients with failing but potentially recoverable hearts. The company is also engaged in research and development relating to other devices to support the pumping function of the heart. Abiomed Inc. has a market cap of $332 million; its shares were traded at around $8.89 with and P/S ratio of 4.5. Abiomed Inc. had an annual average earning growth of 37.9% over the past 5 years.

Added: Exterran Holdings Inc. (EXH)

PRIMECAP Management added to his holdings in Exterran Holdings Inc. by 21.58%. His purchase prices were between $14.2 and $25.94, with an estimated average price of $18.24. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,023,000 shares as of 09/30/2009.

Exterran Holdings, Inc. is the global market leader in full service natural gas compression and a premier provider of sales, operations, maintenance, fabrication, service and equipment for oil and gas production, processing and transportation applications. Exterran serves customers across the energy spectrum from producers to transporters to processors to storage owners. Exterran Holdings Inc. has a market cap of $1.38 billion; its shares were traded at around $22.15 with a P/E ratio of 10.3 and P/S ratio of 0.5. Exterran Holdings Inc. had an annual average earning growth of 8.8% over the past 10 years.

Added: Colfax Corporation (CFX)

PRIMECAP Management added to his holdings in Colfax Corporation by 135.86%. His purchase prices were between $7.26 and $11.83, with an estimated average price of $9.99. The impact to his portfolio due to this purchase was 0.01%. His holdings were 681,165 shares as of 09/30/2009.

Colfax Corporation is a global supplier of fluid handling products, including pumps, fluid handling systems and specialty valves. Its products serve a variety of applications in the commercial marine, oil and gas, power generation, global navy and general industrial markets and are sold worldwide primarily under the Allweiler, Fairmount, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith brands. Colfax Corporation has a market cap of $518.7 million; its shares were traded at around $11.98 with a P/E ratio of 11.2 and P/S ratio of 0.9.

Added: Pharmacyclics Inc. ( PCYC)

PRIMECAP Management added to his holdings in Pharmacyclics Inc. by 51.48%. His purchase prices were between $1.2299 and $2.32, with an estimated average price of $1.49. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 2,300,678 shares as of 09/30/2009.

Pharmacyclics Inc. is a pharmaceutical company developing products to improve upon therapeutic approaches to cancer, atherosclerosis and retinal disease. The company's products are ring-shaped small molecules called texaphyrins. These patented agents are derived from Pharmacyclics' versatile technology platform for designing and synthesizing energy-potentiating drugs. The texaphyrins localize in cancer cells, atherosclerotic plaque and neovasculature, where they can be activated by forms of energy, including X-rays and light to reduce diseased tissue. Pharmacyclics Inc. has a market cap of $94.1 million; its shares were traded at around $1.88 with and P/S ratio of 746.7.

Added: Allegiant Travel Company (ALGT)

PRIMECAP Management added to his holdings in Allegiant Travel Company by 44.16%. His purchase prices were between $36.84 and $47.04, with an estimated average price of $40.97. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 44,400 shares as of 09/30/2009.

Las Vegas-based ALLEGIANT TRAVEL COMPANY , is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Nev., Phoenix, Ariz., Fort Lauderdale, Fla., Orlando, Fla. and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, LLC, the Company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services. Allegiant Travel Company has a market cap of $808 million; its shares were traded at around $40.45 with a P/E ratio of 9.9 and P/S ratio of 1.6.

Added: Intermec Inc. (IN)

PRIMECAP Management added to his holdings in Intermec Inc. by 26.92%. His purchase prices were between $12.2 and $15.5, with an estimated average price of $13.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 258,800 shares as of 09/30/2009.

UNOVA, Inc. and subsidiaries is an industrial technologies company providing global customers with solutions for improving their efficiency and productivity. The company operates in two primary businesses: Automated Data Systems and Industrial Automation Systems. The Automated Data Systems segment comprises wireless networking and mobile computing products and services, and Internet-enabled automated data collection. Intermec Inc. has a market cap of $792.4 million; its shares were traded at around $12.76 with a P/E ratio of 106.3 and P/S ratio of 0.9.

Added: Accuray Inc. (ARAY)

PRIMECAP Management added to his holdings in Accuray Inc. by 20.05%. His purchase prices were between $5.96 and $7.52, with an estimated average price of $6.64. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 1,077,600 shares as of 09/30/2009.

ACCURAY INCORPORATED based in Sunnyvale, Calif., is a global leader in the field of radiosurgery dedicated to providing an improved quality of life and a non-surgical treatment option for those diagnosed with cancer. Accuray develops and markets the CyberKnife Robotic Radiosurgery System, which extends the benefits of radiosurgery to include extracranial tumors, including those in the spine, lung, prostate, liver and pancreas. To date, the CyberKnife System has been used to treat more than 40,000 patients worldwide and currently more than 130 systems have been installed in leading hospitals in the Americas, Europe and Asia. Accuray Inc. has a market cap of $314.1 million; its shares were traded at around $5.54 with a P/E ratio of 184.6 and P/S ratio of 1.4.

Added: Verigy Ltd. (VRGY)

PRIMECAP Management added to his holdings in Verigy Ltd. by 119.7%. His purchase prices were between $10.49 and $13.29, with an estimated average price of $11.78. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 77,479 shares as of 09/30/2009.

Verigy Ltd. designs, develops, manufactures, sells and services advanced test systems and solutions for the memory and system-on-chip segments of the semiconductor industry. Verigy's scalable platform systems are used by leading semiconductor companies worldwide in design validation, characterization, and high-volume manufacturing test..

Added: Guidance Software, Inc. (GUID)

PRIMECAP Management added to his holdings in Guidance Software, Inc. by 43.01%. His purchase prices were between $3.58 and $4.73, with an estimated average price of $4.06. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 995,100 shares as of 09/30/2009.

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 $126.7 million; its shares were traded at around $5.42 with and P/S ratio of 1.4.

New Purchase: Electronic Arts Inc. ( ERTS)

PRIMECAP Management initiated holdings in Electronic Arts Inc.. His purchase prices were between $17.82 and $21.98, with an estimated average price of $20. The impact to his portfolio due to this purchase was 0.17%. His holdings were 5,028,100 shares as of 09/30/2009.

Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software and the EA.com business segment: creation, marketing and distribution of entertainment software which can be played or sold online. Electronic Arts Inc. has a market cap of $5.88 billion; its shares were traded at around $18.16 with and P/S ratio of 1.4.

New Purchase: Rovi Corp. (ROVI)

PRIMECAP Management initiated holdings in Rovi Corp.. His purchase prices were between $24.99 and $33.46, with an estimated average price of $29.18. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,086,803 shares as of 09/30/2009.

Rovi Corp, formerly Macrovision Solutions Corporation, provides a set of solutions that enable businesses to protect, enable and distribute their digital goods to consumers and allows consumers the ability to discover and manage digital media across multiple channels. The company is focused on revolutionizing the digital entertainment landscape by delivering solutions that enable consumers to intuitively discover new entertainment from many sources and locations. It also provides extensive entertainment discovery solutions for television, movies, music and photos to its customers in the consumer electronics, cable and satellite, entertainment and online distribution markets. Rovi Corporation is headquartered in Santa Clara, California, with numerous offices across the United States and around the world including Japan, Hong Kong, Luxembourg, and the United Kingdom. Rovi Corp. has a market cap of $3.07 billion; its shares were traded at around $30.15 with a P/E ratio of 26.9 and P/S ratio of 9.2.

New Purchase: John Wiley & Sons Inc. (JW-A)

PRIMECAP Management initiated holdings in John Wiley & Sons Inc.. His purchase prices were between $29.77 and $35.15, with an estimated average price of $32.36. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,268,100 shares as of 09/30/2009.

Wiley John & Sons Inc. is a global publisher of print and electronic products, specializing in scientific, technical, and medical books and journals; professional and consumer books and subscription services; and textbooks and other educational materials for undergraduate and graduate students as well as lifelong learners. The company has publishing, marketing and distribution centers in the United States, Canada, Europe, Asia, and Australia. John Wiley & Sons Inc. has a market cap of $2.17 billion; its shares were traded at around $37.04 with a P/E ratio of 17.6 and P/S ratio of 1.3. The dividend yield of John Wiley & Sons Inc. stocks is 1.5%. John Wiley & Sons Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated John Wiley & Sons Inc. the business predictability rank of 5-star.

New Purchase: Kellogg Company (K)

PRIMECAP Management initiated holdings in Kellogg Company. His purchase prices were between $45.96 and $49.62, with an estimated average price of $47.49. The impact to his portfolio due to this purchase was 0.07%. His holdings were 859,000 shares as of 09/30/2009.

Kellogg Company has a market cap of $20.43 billion; its shares were traded at around $53.37 with a P/E ratio of 16.5 and P/S ratio of 1.6. The dividend yield of Kellogg Company stocks is 2.8%. Kellogg Company had an annual average earning growth of 7% over the past 10 years. GuruFocus rated Kellogg Company the business predictability rank of 5-star.

New Purchase: Seahawk Drilling Inc. ( HAWK)

PRIMECAP Management initiated holdings in Seahawk Drilling Inc.. His purchase prices were between $22.29 and $35.13, with an estimated average price of $28.49. The impact to his portfolio due to this purchase was 0.01%. His holdings were 166,869 shares as of 09/30/2009.

Seahawk Drilling, Inc. is an offshore drilling company headquartered in Houston, Texas. Seahawk owns and operates a fleet of 20 jackup rigs that are located in the United States and Mexico. The company's competitors range from large, international drilling companies offering a wide range of drilling services to smaller companies who focus their business solely on the Gulf of Mexico shelf. Seahawk Drilling Inc. has a market cap of $322.5 million; its shares were traded at around $27.7 .

New Purchase: Internet Brands, Inc ( INET)

PRIMECAP Management initiated holdings in Internet Brands, Inc. His purchase prices were between $6.9 and $7.87, with an estimated average price of $7.39. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 13,800 shares as of 09/30/2009.

INTERNET BRANDS is a leading operator of e-commerce and community websites in categories such as automotive, travel and leisure, and home. They are also a leading provider of internet software services. Their websites and communities are often leaders in their categories and have received various `best-in-class` awards. They have developed a highly flexible and scalable publishing platform that facilitates our growth. Internet Brands, Inc has a market cap of $316.2 million; its shares were traded at around $7.56 with a P/E ratio of 30.1 and P/S ratio of 3.

New Purchase: Immunogen Inc. ( IMGN)

PRIMECAP Management initiated holdings in Immunogen Inc.. His purchase prices were between $7.14 and $9.99, with an estimated average price of $8.21. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 106,500 shares as of 09/30/2009.

Immunogen Inc. has a market cap of $472.4 million; its shares were traded at around $8.28 with and P/S ratio of 16.9. Immunogen Inc. had an annual average earning growth of 6.4% over the past 5 years.

New Purchase: Netscout Systems Inc. ( NTCT)

PRIMECAP Management initiated holdings in Netscout Systems Inc.. His purchase prices were between $9.05 and $13.73, with an estimated average price of $10.74. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 23,000 shares as of 09/30/2009.

NetScout Systems designs, develops, manufactures, markets and supports afamily of integrated products that enable optimization of the performance and cost management of complex, high-speed networks, including their ability to deliver critical business applications and content to end-users efficiently. They manufacture and market these products in an integrated hardware and software solution suite that is used by enterprise and service provider businesses worldwide. Netscout Systems Inc. has a market cap of $511.8 million; its shares were traded at around $12.68 with a P/E ratio of 17.9 and P/S ratio of 1.9.

Reduced: Netgear Inc. (NTGR)

PRIMECAP Management reduced to his holdings in Netgear Inc. by 64.03%. His sale prices were between $13.69 and $19.41, with an estimated average price of $16.88. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 10,000 shares as of 09/30/2009.

Netgear Inc designs technologically advanced, branded networking products that address the specific needs of small business and home users. The company's suite of products enables users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. Netgear Inc. has a market cap of $712.2 million; its shares were traded at around $20.67 with a P/E ratio of 2067 and P/S ratio of 0.9. Netgear Inc. had an annual average earning growth of 31.7% over the past 5 years.

Reduced: On Semiconductor Corp. ( ONNN)

PRIMECAP Management reduced to his holdings in On Semiconductor Corp. by 50%. His sale prices were between $6.44 and $9.07, with an estimated average price of $7.75. The impact to his portfolio due to this sale was less than 0.01%. PRIMECAP Management still held 12,650 shares as of 09/30/2009.

ON SEMICON CORP. is a supplier of broadband and power management integrated circuits and standard semiconductors used in numerous advanced devices ranging from high-speed fiber optic networking equipment to the precise power management functions found in portable electronics. Their products provide clock management and data flow management for precision computing and communications systems, and power management for distributing and monitoring the supply of power to the different elements within virtually every electronic device. On Semiconductor Corp. has a market cap of $3.31 billion; its shares were traded at around $7.84 with a P/E ratio of 39.3 and P/S ratio of 1.5.

Reduced: Bank Of NY Mellon Cp (BK)

PRIMECAP Management reduced to his holdings in Bank Of Ny Mellon Cp by 41.44%. His sale prices were between $26.74 and $30.74, with an estimated average price of $28.66. The impact to his portfolio due to this sale was -0.06%. PRIMECAP Management still held 2,898,922 shares as of 09/30/2009.

Bank Of NY Mellon Cp has a market cap of $33.02 billion; its shares were traded at around $27.45 with a P/E ratio of 10.8 and P/S ratio of 2.7. The dividend yield of Bank Of Ny Mellon Cp stocks is 1.3%.

Sold Out: JPMorgan Chase & Co. ( JPM)

PRIMECAP Management sold out his holdings in Jpmorgan Chase & Co.. His sale prices were between $32.34 and $46.47, with an estimated average price of $40.41.

JPMorgan Chase & Co. has a market cap of $168.71 billion; its shares were traded at around $42.9 with a P/E ratio of 40 and P/S ratio of 2.5. The dividend yield of Jpmorgan Chase & Co. stocks is 0.5%.

Sold Out: Nordstrom Inc. ( JWN)

PRIMECAP Management sold out his holdings in Nordstrom Inc.. His sale prices were between $18.31 and $32.23, with an estimated average price of $26.84.

Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Nordstrom Inc. has a market cap of $7.37 billion; its shares were traded at around $33.99 with a P/E ratio of 23.5 and P/S ratio of 0.9. The dividend yield of Nordstrom Inc. stocks is 1.8%. Nordstrom Inc. had an annual average earning growth of 20.2% over the past 10 years.

Sold Out: Interval Leisure Group, Inc. (IILG)

PRIMECAP Management sold out his holdings in Interval Leisure Group, Inc.. His sale prices were between $9.8 and $12.38, with an estimated average price of $11.06.

Interval Leisure Group, Inc. has a market cap of $662.7 million; its shares were traded at around $11.76 with a P/E ratio of 13.4 and P/S ratio of 1.6.

Sold Out: Macrovision Solutions Corporation ( MVSN)

PRIMECAP Management sold out his holdings in Macrovision Solutions Corporation. His sale prices were between $20.92 and $23.68, with an estimated average price of $21.92.

Macrovision Solutions enables the digital home entertainment experience by allowing businesses to protect enhance and distribute digital goods to consumers across multiple channels. Macrovision Solutions Corporation has a market cap of $2.4 billion; its shares were traded at around $23.68 with a P/E ratio of 59.3 and P/S ratio of 7.3.



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