PRIMECAP Management

PRIMECAP Management

Last Update: 09-06-2016

Number of Stocks: 273
Number of New Stocks: 11

Total Value: $93,917 Mil
Q/Q Turnover: 2%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

PRIMECAP Management' s Profile & Performance

Profile

PRIMECAP Management Company was founded in September 1983 in Pasadena, California. It manages Vanguard’s PRIMECAP Fund, Vanguard Capital Opportunity Fund, and Vanguard PRIMECAP Core Fund. It also manages PRIMECAP ODYSSEY FUNDS. PRIMECAP was founded by Chairman and Chief Investment Officer HOWARD B. SCHOW, Vice Chairman MITCHELL J. MILIAS, and President THEO A. KOLOKOTRONES.

Web Page:http://www.primecapmanagement.com/

Investing Philosophy

PRIMECAP team evaluates securities based on their outlook over a three to five year time horizon, with the intention of holding them considerably longer if their fundamentals warrant it. They believe successful investment decisions rests in correctly appraising the relationship between the fundamental value of a company and the market price of its stock. A company may be valuable because of its free cash flow, its assets, or both; however, a company will be a superior investment only if it is purchased at the right price. PRIMECAP only invest their highest conviction ideas.

Total Holding History

Performance of Vanguard Primcap Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20152.581.191.4
201418.7213.695.0
201339.7332.397.3
3-Year Cumulative70.2 (19.4%/year)52.3 (15.1%/year)17.9 (4.3%/year)
201215.2716-0.7
201102.11-2.1
5-Year Cumulative96.2 (14.4%/year)80.4 (12.5%/year)15.8 (1.9%/year)
201012.8915.06-2.2
200934.4526.468.0
2008-32.41-374.6
200711.495.496.0
200612.315.79-3.5
10-Year Cumulative151.9 (9.7%/year)102 (7.3%/year)49.9 (2.4%/year)
20058.494.913.6
200418.3110.887.4
200337.7528.689.1
2002-24.56-22.1-2.5
2001-13.35-11.89-1.5
15-Year Cumulative191.2 (7.4%/year)107.5 (5%/year)83.7 (2.4%/year)
20004.47-9.113.6
199941.3421.0420.3
199825.4128.58-3.2
199736.8333.363.5
199618.3122.96-4.6
20-Year Cumulative772.9 (11.4%/year)381.4 (8.2%/year)391.5 (3.2%/year)
199535.4837.58-2.1
199411.411.3210.1
199318.0310.088.0
19928.997.621.4
199133.1430.472.7
25-Year Cumulative2156.6 (13.3%/year)937.3 (9.8%/year)1219.3 (3.5%/year)
1990-2.81-3.10.3
198921.5831.69-10.1
198814.6816.61-1.9
1987-2.255.1-7.3
198623.5118.64.9
30-Year Cumulative3591.9 (12.8%/year)1824 (10.4%/year)1767.9 (2.4%/year)
198535.6631.64.1

Top Ranked Articles

Monsanto Agrees to Bayer’s Proposal Merger would be largest foreign takeover by a German company
A proposed deal from Bayer (BAYRY) to buy Monsanto (NYSE:MON) was approved Wednesday. The deal will consolidate two of the world’s six agricultural giants. Read more...
High Yield and Profitability: RF Industries, TJX Companies Both exhibit steady ROE and ROA for over five years
Thanks to GuruFocus’ All-In-One Screener, we can highlight stocks that have growing dividend yields with sustainable payout ratios. This sustainability is linked to a company having long-term profitability and a very strong financial situation. Read more...
Richard Snow Boosts Biogen, Keysight Technologies The largest increases by the guru during the 1st quarter
Richard Snow (Trades, Portfolio) is founder of Snow Capital. Snow began his career investing the proceeds from the sale of the Snow family businesses. During the first quarter he bought the following shares: Read more...
PRIMECAP Adds to Stake in Alibaba Guru also increases holdings in JPMorgan Chase
Most of PRIMECAP Management (Trades, Portfolio)’s fourth-quarter activity involved adding to or reducing existing stakes in its portfolio. The guru did buy a couple of new stakes and sold three others, but they had little impact on the portfolio. Read more...
Gurus Reduce Positions in Underperforming Tesla Midcap automotive company gets hit with SolarCity proposal; gurus sell as stock prices decline
Among the stocks listed on the James Montier Short Screener, Tesla Motors Inc. (NASDAQ:TSLA) has the weakest financial outlook. In addition to having a high debt burden, the 2003 electric vehicle company experienced declining stock prices, cash flows and earnings. Due to the waning cash flows, gurus are reducing their positions in the company’s stock. Read more...
» More PRIMECAP Management Articles

Commentaries and Stories

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10 Stocks PRIMECAP Keeps Buying Firm's repeat purchases in the last 2 quarters PRIMECAP Management - 10 Stocks PRIMECAP Keeps Buying
PRIMECAP Management (Trades, Portfolio) was founded in September 1983 in Pasadena, California. It manages a portfolio composed of 273 stocks with a total value of $93,917 million. In both the first and second quarters, the firm bought shares in the following stocks. More...

BUYS, REPEAT, PRIMECAP


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Monsanto Agrees to Bayer’s Proposal Merger would be largest foreign takeover by a German company PRIMECAP Management,Larry Robbins,Frank Sands,Ken  - Monsanto Agrees To Bayer’s Proposal
A proposed deal from Bayer (BAYRY) to buy Monsanto (NYSE:MON) was approved Wednesday. The deal will consolidate two of the world’s six agricultural giants. More...

MERGER, GERMANY, UNITED STATES, AGRICULTURE


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Lee Ainslie Invests in Apple, American Airlines Stocks the investor bought during the last 2 quarters Lee Ainslie,PRIMECAP Management,Pioneer Investment - Lee Ainslie Invests In Apple, American Airlines
Lee Ainslie (Trades, Portfolio) is founder and CEO of Dallas-based Maverick Capital. He started the firm back in 1993 with $38 million. In both the first and second quarters the guru bought shares in the following stocks: More...

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Daniel Loeb Exits Amgen, Trims Dow Chemical Guru's largest sales of the 2nd quarter Daniel Loeb,PRIMECAP Management,Vanguard Health Ca - Daniel Loeb Exits Amgen, Trims Dow Chemical
Daniel Loeb (Trades, Portfolio) founded Third Point LLC in 1995 and leads the firm’s research activities, portfolio and risk management. During the second quarter the guru's largest sales were as follows: More...

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High Yield and Profitability: RF Industries, TJX Companies Both exhibit steady ROE and ROA for over five years Jim Simons,PRIMECAP Management - High Yield And Profitability: RF Industries, TJX Companies
Thanks to GuruFocus’ All-In-One Screener, we can highlight stocks that have growing dividend yields with sustainable payout ratios. This sustainability is linked to a company having long-term profitability and a very strong financial situation. More...

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Southwest CEO Buys Stock in Airline Purchase comes in the midst of turmoil T Rowe Price Equity Income Fund,PRIMECAP Managemen - Southwest CEO Buys Stock In Airline
In the midst of unions calling for his ousting, Gary Kelly, CEO of Southwest Airlines (NYSE:LUV) bought shares in the company on Aug. 2. More...

AIRLINES, TRAVEL, UNIONS


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PRIMECAP Sells Portions of 3 Stakes Guru sells shares of Texas Instruments, Trimble Navigation and Accuray PRIMECAP Management - PRIMECAP Sells Portions Of 3 Stakes
PRIMECAP Management (Trades, Portfolio) trimmed its stakes in three companies – Texas Instruments Inc. (NASDAQ:TXN), Trimble Navigation Ltd. (NASDAQ:TRMB) and Accuray Inc. (NASDAQ:ARAY) – on July 31. More...

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Bargain Stocks With Low P/E DCF calculator gives companies wide margins of safety Barrow Hanley Mewhinney & Strauss,PRIMECAP Managem - Bargain Stocks With Low P/E
The following stocks are trading with wide margins of safety, according to the DCF calculator, and some of them have very low P/E ratios. GuruFocus' All-in-One Screener can be used to find similar stocks. More...

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Bed Bath & Beyond Among Companies With Growing EPS A review of stocks with strong EPS that are undervalued HOTCHKIS & WILEY,PRIMECAP Management,Jeremy Granth - Bed Bath & Beyond Among Companies With Growing EPS
Companies with growing EPS are often good investments as they can return a good profit to investors. Here is a selection of the most undervalued companies, according to the DCF calculator, that have a five-year growing EPS. More...

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First Eagle Investment Sells Intel, Microsoft in 1st Quarter The firm's largest sales in the quarter First Eagle Investment,PRIMECAP Management,Barrow  - First Eagle Investment Sells Intel, Microsoft In 1st Quarter
First Eagle Investment (Trades, Portfolio) is an independent firm with approximately $94 billion in assets under management. During the first quarter the fund sold stakes in the following stocks: More...

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Gurus Invest in Hot Cruise Companies High Piotroski scores lead to high annual returns PRIMECAP Management,Sarah Ketterer,Barrow Hanley M - Gurus Invest In Hot Cruise Companies
Among travel and leisure companies with high Piotroski F-scores, Carnival Corp. (NYSE:CCL) has the largest market cap and the highest F-score. Additionally, rival cruise company Norwegian Cruise Lines Holdings Ltd. (NASDAQ:NCLH) has the highest number of good signs. A portfolio with these stocks earned a 10-year return of 262.14% for the period from January 2006 to January 2016, according to the All-in-One Screener’s Backtesting feature. More...

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Jeff Auxier Sells Precision Castparts, AT&T, Microsoft The guru's largest sales in the 1st quarter Jeff Auxier,PRIMECAP Management,T Rowe Price Equit - Jeff Auxier Sells Precision Castparts, AT&T, Microsoft
Jeff Auxier (Trades, Portfolio) is the manager of Auxier Focus Fund. He manages a portfolio of 143 stocks and during the first quarter sold shares in the following stocks: More...

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Gurus Reduce Positions in Underperforming Tesla Midcap automotive company gets hit with SolarCity proposal; gurus sell as stock prices decline Ron Bacon,PRIMECAP Management,Ken Fisher - Gurus Reduce Positions In Underperforming Tesla
Among the stocks listed on the James Montier Short Screener, Tesla Motors Inc. (NASDAQ:TSLA) has the weakest financial outlook. In addition to having a high debt burden, the 2003 electric vehicle company experienced declining stock prices, cash flows and earnings. Due to the waning cash flows, gurus are reducing their positions in the company’s stock. More...

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Scott Black's Largest Buys in 1st Quarter Intel, Ralph Lauren, Boeing top guru's list Scott Black,PRIMECAP Management,Ken Fisher,Barrow  - Scott Black's Largest Buys In 1st Quarter
Scott Black (Trades, Portfolio) is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. He manages a portfolio composed of 93 stocks and 10 of them are new buys from the first quarter. The most weighted buys follow: More...

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BlackBerry May Have Finally Turned the Corner Improvement in TTM operating cash flow indicates Blackberry is on the mend PRIMECAP Management,Prem Watsa,Jim Simons,Kahn Bro - BlackBerry May Have Finally Turned The Corner
I start this note with a quote from the English economist A.C. Pigou: "The error of optimism dies in the crisis, but in dying it gives birth to an error of pessimism. This new error is born, not an infant, but a giant." More...

BLACKBERRY, LONG, TECHNOLOGY, MOBILE, SOFTWARE


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Stocks With Low P/S: Deere, Micron Technology P/S ratio pinpoints bargain stocks PRIMECAP Management,Donald Smith,Ray Dalio,Pioneer - Stocks With Low P/S: Deere, Micron Technology
According to GuruFocus' All-in-One Screener, the following are the stocks with market caps above $5 billion that are trading with low P/S ratios. More...

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Growing EPS, Margin of Safety: Herbalife, Viacom GuruFocus' DCF calculator identifies bargains HOTCHKIS & WILEY,PRIMECAP Management,Jeremy Granth - Growing EPS, Margin Of Safety: Herbalife, Viacom
Companies with growing EPS are often a good investment as they can return a good profit to investors. Here is a selection of the most undervalued companies, according to the DCF calculator, that have a five-year growing EPS. More...

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Larry Robbins' Largest 1st-Quarter Sales Guru trims stakes in Humana and Monsanto, exits Priceline Group Larry Robbins,PRIMECAP Management,Vanguard Health  - Larry Robbins' Largest 1st-Quarter Sales
Larry Robbins (Trades, Portfolio) founded Glenview Capital Management in 2000, a privately held investment management firm. During the first quarter he sold shares in the following stocks: More...

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Leucadia Opens Positions in FedEx, Adobe System, Broadcom The guru's largest new buys in the 1st quarter Leucadia National,PRIMECAP Management,Dodge & Cox, - Leucadia Opens Positions In FedEx, Adobe System, Broadcom
Leucadia National (Trades, Portfolio) bought shares in the following stocks in the first quarter: More...

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Low PS for Caterpillar, L-3, Advanced Auto Parts These are stocks gurus are buying that are trading with low PS Bill Gates,PRIMECAP Management,Bill Nygren,Tom Gay - Low PS For Caterpillar, L-3, Advanced Auto Parts
According to GuruFocus' All-in-One Screener, the following are companies with market caps above $5 billion that are trading with low P/S ratios. More...

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