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PrimeCap Management Buys Pepsico Inc., Nordstrom Inc., Pfizer Inc, Sells Wyeth, Sepracor Inc., 3m Company

PRIMECAP Management runs Vanguard PrimeCap Fund. Since inception in 1984, they have achieved an annualized return of 13.4%. This is the Q4 portfolio update for the firm. PRIMECAP Management owns 241 stocks with a total value of $61.3 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 30.7%
Health Care 22.9%
Consumer Services 13.1%
Industrials 12.4%
Oil & Gas 6.6%
Basic Materials 4.4%
Consumer Goods 4.2%
Financials 3.5%
Telecommunications 0.2%
Utilities 0.2%


These are the top 5 holdings of PRIMECAP Management

  1. Amgen Inc. (AMGN) - 42,344,512 shares, 3.91% of the total portfolio
  2. Eli Lilly And Company (LLY) - 64,325,375 shares, 3.75% of the total portfolio
  3. Google Inc. (GOOG) - 3,174,310 shares, 3.21% of the total portfolio
  4. Novartis AG (NVS) - 36,132,554 shares, 3.21% of the total portfolio
  5. FedEx Corp. (FDX) - 22,838,721 shares, 3.11% of the total portfolio


Added: Electronic Arts Inc. (ERTS)

PRIMECAP Management added to his holdings in Electronic Arts Inc. by 268.69%. His purchase prices were between $16.11 and $20.83, with an estimated average price of $17.95. The impact to his portfolio due to this purchase was 0.39%. His holdings were 18,538,200 shares as of 12/31/2009.

Added: Amgen Inc. (AMGN)

PRIMECAP Management added to his holdings in Amgen Inc. by 7.81%. His purchase prices were between $52.12 and $60.24, with an estimated average price of $56.24. The impact to his portfolio due to this purchase was 0.28%. His holdings were 42,344,512 shares as of 12/31/2009.

Added: Boston Scientific Corp. (BSX)

PRIMECAP Management added to his holdings in Boston Scientific Corp. by 17.55%. His purchase prices were between $7.99 and $10.29, with an estimated average price of $8.68. The impact to his portfolio due to this purchase was 0.21%. His holdings were 94,993,424 shares as of 12/31/2009.

Added: Monsanto Company (MON)

PRIMECAP Management added to his holdings in Monsanto Company by 7.26%. His purchase prices were between $67.18 and $83.53, with an estimated average price of $77.36. The impact to his portfolio due to this purchase was 0.16%. His holdings were 18,082,492 shares as of 12/31/2009.

Added: Marsh & Mclennan Companies Inc. (MMC)

PRIMECAP Management added to his holdings in Marsh & Mclennan Companies Inc. by 11.01%. His purchase prices were between $21.54 and $25.27, with an estimated average price of $23.16. The impact to his portfolio due to this purchase was 0.13%. His holdings were 35,211,050 shares as of 12/31/2009.

Added: Eli Lilly And Company (LLY)

PRIMECAP Management added to his holdings in Eli Lilly And Company by 3.04%. His purchase prices were between $32.47 and $37.51, with an estimated average price of $35.33. The impact to his portfolio due to this purchase was 0.11%. His holdings were 64,325,375 shares as of 12/31/2009.

Added: Flextronics International Ltd. (FLEX)

PRIMECAP Management added to his holdings in Flextronics International Ltd. by 27.97%. His purchase prices were between $6.43 and $7.76, with an estimated average price of $7.19. The impact to his portfolio due to this purchase was 0.1%. His holdings were 38,209,754 shares as of 12/31/2009.

Added: Altera Corp. (ALTR)

PRIMECAP Management added to his holdings in Altera Corp. by 24.57%. His purchase prices were between $19.61 and $23.14, with an estimated average price of $21.31. The impact to his portfolio due to this purchase was 0.09%. His holdings were 12,736,300 shares as of 12/31/2009.

Added: Kellogg Company (K)

PRIMECAP Management added to his holdings in Kellogg Company by 91.26%. His purchase prices were between $48.66 and $54, with an estimated average price of $52.18. The impact to his portfolio due to this purchase was 0.07%. His holdings were 1,642,900 shares as of 12/31/2009.

Added: Rockwell Automation Inc. Common (ROK)

PRIMECAP Management added to his holdings in Rockwell Automation Inc. Common by 31.38%. His purchase prices were between $40.28 and $48.15, with an estimated average price of $44.25. The impact to his portfolio due to this purchase was 0.06%. His holdings were 3,585,511 shares as of 12/31/2009.

Added: Immunogen Inc. (IMGN)

PRIMECAP Management added to his holdings in Immunogen Inc. by 3893.71%. His purchase prices were between $6.69 and $8.89, with an estimated average price of $7.97. The impact to his portfolio due to this purchase was 0.05%. His holdings were 4,253,300 shares as of 12/31/2009.

Added: Range Resources Corp. (RRC)

PRIMECAP Management added to his holdings in Range Resources Corp. by 1045%. His purchase prices were between $42.62 and $58.74, with an estimated average price of $49.95. The impact to his portfolio due to this purchase was 0.04%. His holdings were 458,000 shares as of 12/31/2009.

Added: Charles River Laboratories International (CRL)

PRIMECAP Management added to his holdings in Charles River Laboratories International by 31.82%. His purchase prices were between $31.2 and $40.09, with an estimated average price of $34.3. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,193,422 shares as of 12/31/2009.

Added: Cabot Oil & Gas Corp. (COG)

PRIMECAP Management added to his holdings in Cabot Oil & Gas Corp. by 23.83%. His purchase prices were between $34.23 and $45.73, with an estimated average price of $39.88. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,068,000 shares as of 12/31/2009.

Added: Spx Corp. (SPW)

PRIMECAP Management added to his holdings in Spx Corp. by 1019.71%. His purchase prices were between $52.78 and $61.06, with an estimated average price of $55.89. The impact to his portfolio due to this purchase was 0.02%. His holdings were 232,900 shares as of 12/31/2009.

Added: Stratasys Inc. (SSYS)

PRIMECAP Management added to his holdings in Stratasys Inc. by 51.3%. His purchase prices were between $14.85 and $18.98, with an estimated average price of $16.46. The impact to his portfolio due to this purchase was 0.01%. His holdings were 862,700 shares as of 12/31/2009.

Added: Luminex Corp. (LMNX)

PRIMECAP Management added to his holdings in Luminex Corp. by 26.99%. His purchase prices were between $12.99 and $17.26, with an estimated average price of $14.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,525,719 shares as of 12/31/2009.

Added: Nektar Therapeutics (NKTR)

PRIMECAP Management added to his holdings in Nektar Therapeutics by 104.73%. His purchase prices were between $8.07 and $9.84, with an estimated average price of $9.01. The impact to his portfolio due to this purchase was 0.01%. His holdings were 948,500 shares as of 12/31/2009.

Added: Orasure Technologies Inc. (OSUR)

PRIMECAP Management added to his holdings in Orasure Technologies Inc. by 45%. His purchase prices were between $2.93 and $5.19, with an estimated average price of $3.94. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,892,600 shares as of 12/31/2009.

Added: Dyax Corp. (DYAX)

PRIMECAP Management added to his holdings in Dyax Corp. by 99.36%. His purchase prices were between $3.02 and $4.23, with an estimated average price of $3.43. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 2,573,733 shares as of 12/31/2009.

Added: Accuray Inc. (ARAY)

PRIMECAP Management added to his holdings in Accuray Inc. by 40.96%. His purchase prices were between $5.17 and $6.78, with an estimated average price of $5.76. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 1,519,000 shares as of 12/31/2009.

Added: Vitran Corp. Inc. (VTNC)

PRIMECAP Management added to his holdings in Vitran Corp. Inc. by 54.03%. His purchase prices were between $7.96 and $11.92, with an estimated average price of $9.38. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 171,907 shares as of 12/31/2009.

Added: Fpl Group Inc. (FPL)

PRIMECAP Management added to his holdings in Fpl Group Inc. by 20.89%. His purchase prices were between $49.04 and $56.25, with an estimated average price of $52.51. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 236,140 shares as of 12/31/2009.

Added: Seahawk Drilling Inc. (HAWK)

PRIMECAP Management added to his holdings in Seahawk Drilling Inc. by 34.4%. His purchase prices were between $19.45 and $30.3, with an estimated average price of $25.09. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 224,265 shares as of 12/31/2009.

Added: Netscout Systems Inc. (NTCT)

PRIMECAP Management added to his holdings in Netscout Systems Inc. by 47.83%. His purchase prices were between $12.26 and $15, with an estimated average price of $13.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 34,000 shares as of 12/31/2009.

New Purchase: Cenovus Energy Inc (CVE)

PRIMECAP Management initiated holdings in Cenovus Energy Inc. His purchase prices were between $23.5 and $25.52, with an estimated average price of $24.46. The impact to his portfolio due to this purchase was 0.19%. His holdings were 4,607,061 shares as of 12/31/2009.

New Purchase: Nordstrom Inc. (JWN)

PRIMECAP Management initiated holdings in Nordstrom Inc.. His purchase prices were between $28.95 and $38.39, with an estimated average price of $34.48. The impact to his portfolio due to this purchase was 0.13%. His holdings were 2,172,700 shares as of 12/31/2009.

New Purchase: Pfizer Inc (PFE)

PRIMECAP Management initiated holdings in Pfizer Inc. His purchase prices were between $16.15 and $18.85, with an estimated average price of $17.82. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,668,716 shares as of 12/31/2009.

New Purchase: Ritchie Bros. Auctioneers Inc. (RBA)

PRIMECAP Management initiated holdings in Ritchie Bros. Auctioneers Inc.. His purchase prices were between $21.92 and $25.62, with an estimated average price of $23.62. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,052,700 shares as of 12/31/2009.

New Purchase: Pepsico Inc. (PEP)

PRIMECAP Management initiated holdings in Pepsico Inc.. His purchase prices were between $59.48 and $64.23, with an estimated average price of $61.59. The impact to his portfolio due to this purchase was 0.02%. His holdings were 171,400 shares as of 12/31/2009.

New Purchase: Jacobs Engineering Group Inc. (JEC)

PRIMECAP Management initiated holdings in Jacobs Engineering Group Inc.. His purchase prices were between $34.02 and $47.15, with an estimated average price of $40.28. The impact to his portfolio due to this purchase was 0.01%. His holdings were 97,801 shares as of 12/31/2009.

New Purchase: Fmc Corp. (FMC)

PRIMECAP Management initiated holdings in Fmc Corp.. His purchase prices were between $50.88 and $57.31, with an estimated average price of $55.22. The impact to his portfolio due to this purchase was 0.01%. His holdings were 59,596 shares as of 12/31/2009.

New Purchase: Knot Inc. (KNOT)

PRIMECAP Management initiated holdings in Knot Inc.. His purchase prices were between $9.1 and $11.81, with an estimated average price of $10.15. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 11,100 shares as of 12/31/2009.

New Purchase: Wright Medical Group Inc. (WMGI)

PRIMECAP Management initiated holdings in Wright Medical Group Inc.. His purchase prices were between $15.4 and $19.33, with an estimated average price of $17.88. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 25,000 shares as of 12/31/2009.

New Purchase: Crucell Nv (CRXL)

PRIMECAP Management initiated holdings in Crucell Nv. His purchase prices were between $19.57 and $22.01, with an estimated average price of $20.99. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 24,000 shares as of 12/31/2009.

Reduced: Rovi Corp. (ROVI)

PRIMECAP Management reduced to his holdings in Rovi Corp. by 78.52%. His sale prices were between $27.19 and $34.5, with an estimated average price of $30.22. The impact to his portfolio due to this sale was -0.02%. PRIMECAP Management still held 448,200 shares as of 12/31/2009.

Reduced: Arch Coal Inc. (ACI)

PRIMECAP Management reduced to his holdings in Arch Coal Inc. by 21.2%. His sale prices were between $19.76 and $25.08, with an estimated average price of $22.23. The impact to his portfolio due to this sale was -0.03%. PRIMECAP Management still held 4,154,089 shares as of 12/31/2009.

Reduced: Genzyme Corp. (GENZ)

PRIMECAP Management reduced to his holdings in Genzyme Corp. by 61.06%. His sale prices were between $47.95 and $56.72, with an estimated average price of $51.22. The impact to his portfolio due to this sale was -0.12%. PRIMECAP Management still held 2,423,502 shares as of 12/31/2009.

Reduced: Citrix Systems Inc. (CTXS)

PRIMECAP Management reduced to his holdings in Citrix Systems Inc. by 21.61%. His sale prices were between $36.76 and $42.34, with an estimated average price of $39.32. The impact to his portfolio due to this sale was -0.15%. PRIMECAP Management still held 10,136,142 shares as of 12/31/2009.

Sold Out: The Dow Chemical Company (DOW)

PRIMECAP Management sold out his holdings in The Dow Chemical Company. His sale prices were between $23.48 and $29.42, with an estimated average price of $26.69.

Sold Out: 3m Company (MMM)

PRIMECAP Management sold out his holdings in 3m Company. His sale prices were between $71.93 and $84.13, with an estimated average price of $77.84.

Sold Out: John Wiley & Sons Inc. (JW-A)

PRIMECAP Management sold out his holdings in John Wiley & Sons Inc.. His sale prices were between $34.2 and $43.17, with an estimated average price of $37.91.


Rating: 2.5/5 (6 votes)

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