PRIMECAP Management

PRIMECAP Management

Last Update: 04-06-2017

Number of Stocks: 277
Number of New Stocks: 11

Total Value: $101,625 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 (%)
201610.6311.96-1.3
20152.581.381.2
201418.7213.695.0
3-Year Cumulative34.7 (10.4%/year)29 (8.9%/year)5.7 (1.5%/year)
201339.7332.397.3
201215.2716-0.7
5-Year Cumulative117 (16.8%/year)98.2 (14.7%/year)18.8 (2.1%/year)
201102.11-2.1
201012.8915.06-2.2
200934.4526.468.0
2008-32.41-374.6
200711.495.496.0
10-Year Cumulative148.2 (9.5%/year)95.7 (6.9%/year)52.5 (2.6%/year)
200612.315.79-3.5
20058.494.913.6
200418.3110.887.4
200337.7528.689.1
2002-24.56-22.1-2.5
15-Year Cumulative271.8 (9.1%/year)164.2 (6.7%/year)107.6 (2.4%/year)
2001-13.35-11.89-1.5
20004.47-9.113.6
199941.3421.0420.3
199825.4128.58-3.2
199736.8333.363.5
20-Year Cumulative716.2 (11.1%/year)339.2 (7.7%/year)377 (3.4%/year)
199618.3122.96-4.6
199535.4837.58-2.1
199411.411.3210.1
199318.0310.088.0
19928.997.621.4
25-Year Cumulative1775.1 (12.4%/year)791.8 (9.1%/year)983.3 (3.3%/year)
199133.1430.472.7
1990-2.81-3.10.3
198921.5831.69-10.1
198814.6816.61-1.9
1987-2.255.1-7.3
30-Year Cumulative3206.9 (12.4%/year)1719.7 (10.2%/year)1487.2 (2.2%/year)
198623.5118.64.9
198535.6631.64.1

Top Ranked Articles

A Fund That Bought Tesla for Less Than $30 a Share Up almost 500%, this adviser identified Tesla's value early
Primecap Management Company is an under-the-radar adviser that doesn’t talk to the media. But it did something no other tracked fund did: it bought Tesla for less than $30 a share in 2011 and hung on to it through the stock’s explosion this year. That’s an estimated gain of 469%. Read more...
Mohnish Pabrai Buys Southwest Guru added airline to portfolio in the 3rd quarter
Mohnish Pabrai (Trades, Portfolio) of Pabrai Investment Funds gained a new holding in Southwest Airlines (NYSE:LUV) during the third quarter. Read more...
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...
Julian Robertson Sells Delta Air Lines, Alphabet The hedge fund guru's largest 3rd-quarter sales
Julian Robertson (Trades, Portfolio) is considered the father of the hedge fund. He launched his firm Tiger Management in 1980 with $8 million and turned it into over $22 billion in the late 1990s. During the third quarter the guru’s largest sells were the following: Read more...
First Eagle Investment Sells Intel, Microsoft in 1st Quarter The firm's largest sales in the 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: Read more...
» More PRIMECAP Management Articles

Commentaries and Stories

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The 4 Principles That Drive PRIMECAP The firm has delivered above-average results with fundamental research, undiscovered value and more PRIMECAP Management - The 4 Principles That Drive PRIMECAP
Three colleagues left an established fund management company in the mid-1980s determined to set up their own firm, PRIMECAP Management (Trades, Portfolio) Co., which they would run their own way. More...

PRIMECAP, HOWARD SCHOW, MITCH MILIAS, THEO KOLOKOTRONES, VANGUARD PRIMECAP FUND, JOHN BOGLE, FUNDAMENTAL RESEARCH, VALUE STOCKS, LONG-TERM


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A Fund That Bought Tesla for Less Than $30 a Share Up almost 500%, this adviser identified Tesla's value early Primecap Management - A Fund That Bought Tesla For Less Than $30 A Share
Primecap Management Company is an under-the-radar adviser that doesn’t talk to the media. But it did something no other tracked fund did: it bought Tesla for less than $30 a share in 2011 and hung on to it through the stock’s explosion this year. That’s an estimated gain of 469%. More...

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9 Stocks Primecap Management Continues to Buy Holdings the firm boosted during last 2 quarters PRIMECAP Management,Jim Simons,Chuck Royce,Paul Tu - 9 Stocks Primecap Management Continues To Buy
PRIMECAP Management (Trades, Portfolio) was founded in September 1983 in Pasadena, California, by Chairman and Chief Investment Officer Howard B. Schow, Vice Chairman Mitchell J. Milias and President Theo A. Kolokotrones. It manages Vanguard’s PRIMECAP Fund, Vanguard Capital Opportunity Fund and Vanguard PRIMECAP Core Fund. In both first-quarter 2017 and fourth-quarter 2016 the guru bought shares in the following stocks: More...

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United Airlines Reports Strong Revenue for 1st Quarter Company reports lower earnings amid poor interaction with customers, stock price increases due to strong revenue outlook PRIMECAP Management - United Airlines Reports Strong Revenue For 1st Quarter
United Continental Holdings (NYSE:UAL), one of three major airlines in the U.S., reported lower earnings during first-quarter 2017 compared to the prior-year quarter. The recent decline in the company's stock price was driven by poor interactions with its customers over the past few weeks. Despite this, the company’s stock price increased as it provided a strong revenue outlook for second-quarter 2017. More...

WARREN BUFFETT, PRIMECAP MANAGEMENT


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Grantham's Investments of the Last 2 Quarters Stocks the guru bought in both the 3rd and 4th quarters Jeremy Grantham,PRIMECAP Management,T Rowe Price E - Grantham's Investments Of The Last 2 Quarters
Jeremy Grantham (Trades, Portfolio) is the chairman of the board of Grantham Mayo Van Otterloo, a Boston-based asset management firm. The guru manages a portfolio composed of 499 stocks with a total value of $18.552 billion. In the third and fourth quarters of 2016 the guru bought shares in the following stocks: More...

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Primecap Sells NVIDIA, Microsoft, Union Pacific The guru's top trades of the 4th quarter PRIMECAP Management,Vanguard Health Care Fund,Jim  - Primecap Sells NVIDIA, Microsoft, Union Pacific
PRIMECAP Management (Trades, Portfolio) was founded in September 1983 in Pasadena, California. It manages a portfolio composed of 277 stocks with a total value of $101.625 billion. During the fourth quarter the guru traded shares in the following stocks: More...

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7 Stocks That Are Outperforming the Market These companies had great performances over the last 12 months PRIMECAP Management,RS Investment Management,Vangu - 7 Stocks That Are Outperforming The Market
According to GuruFocus' All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter. More...

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Elon Musk Invests in Tesla Stock has gained 28% since 4th-quarter 2016 PRIMECAP Management, Ron Baron, Paul Tudor Jones,  - Elon Musk Invests In Tesla
Elon Musk, chairman and CEO of Tesla Inc. (NASDAQ:TSLA), purchased 95,420 shares on March 17 for $262 per share, according to a filing with the SEC. More...

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Will YouTube TV Kill Big Cable? Cable companies, already bleeding subscribers, now face the competition with the world’s biggest video service DOdge & Cox,PRIMECAP Management,Jeremy Grantham,Wa - Will YouTube TV Kill Big Cable?
YouTube, which has entertained the world with kittens and helped fix innumerable clogged drains, has announced it will launch YouTube TV, a low-cost cable TV service. In other words fewer channels than conventional cable at a lower price. YouTube TV plans to offer some 40 channels for just $35 a month and add a number of features, including a virtual DVR (digital video recorder). More...

ENTERTAINMENT, VIDEO, CORD-CUTTING, CABLE-CUTTING, SKINNY-TV, CABLE TV, LONG


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Stocks Primecap Management Continues to Buy The guru's repeat purchases in the last 2 quarters of 2016 PRIMECAP Management,Columbia Wanger,Joel Greenblat - Stocks Primecap Management Continues To Buy
PRIMECAP Management (Trades, Portfolio) was founded in September 1983 in Pasadena, California, and manages Vanguard’s PRIMECAP Fund, Vanguard Capital Opportunity Fund and Vanguard PRIMECAP Core Fund. It manages a portfolio composed of 277 stocks with a total value of $101.625 billion. In the third and fourth quarters of 2016 the guru bought shares in the following stocks: More...

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Steven Cohen Sells Alphabet, Apple, Amazon Largest 4th-quarter sales by the investor. Steven Cohen,PRIMECAP Management,Spiros Segalas,An - Steven Cohen Sells Alphabet, Apple, Amazon
Steven Cohen (Trades, Portfolio) is a billionaire hedge fund investor and the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund which he continues to manage. During the fourth quarter the guru sold shares in the following stocks: More...

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Alaska Air Group Could Be a Buffett-Munger Stock Holding company offers investors performance at a reasonable price Warren Buffett,PRIMECAP Management,Jim Simons,Ken - Alaska Air Group Could Be A Buffett-Munger Stock
2016 was quite a year for Alaska Air Group Inc. (NYSE:ALK). Not only did it have strong operating and financial results, but it also completed a $4 billion acquisition of Virgin America (VA), increased its dividend by 9%, bought back 1.5% of its shares and paid $100 million in bonuses to its employees. Is this really an airline? More...

AIRLINES, BUFFETT-MUNGER, PREDICTABLE, DIVIDENDS, SHARE BUYBACKS, LONG


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7 of the Best-Performing Stocks These companies have excelled in the last 12 months PRIMECAP Management,Columbia Wanger,Ray Dalio,Mann - 7 Of The Best-Performing Stocks
According to GuruFocus' All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter. More...

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American Airlines Reports Strong Management Performance in 2016 Company otherwise has modest revenue outlook Warren Buffett, PRIMECAP Management - American Airlines Reports Strong Management Performance In 2016
On Jan. 27, 2017, American Airlines Group Inc. (NASDAQ:AAL) reported net income of $289 million and diluted earnings per share of 56 cents during fourth-quarter 2016. For full-year 2016, the Fort Worth-based airline reported $2.7 billion in net income, about $4.81 per diluted share. Even though these profit figures underperformed comparative values for 2015, the airline’s management still received top honors for their outstanding earnings performance in 2016. More...

WARREN BUFFETT, PRIMECAP MANAGEMENT


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High Predictability Stocks: Western Union, FMC Tech All-in-One Screener ranked companies based on earnings, moat and price PRIMECAP Management,Ron Baron,Columbia Wanger,Chuc - High Predictability Stocks: Western Union, FMC Tech
According to GuruFocus’ All-in-One Screener, the following stocks have high business predictability rating ratings. At least five gurus are shareholders. More...

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8 Stocks Trading Below Peter Lynch Value Undervalued stocks gurus are buying PRIMECAP Management,Barrow, Hanley, Mewhinney & St - 8 Stocks Trading Below Peter Lynch Value
According to the GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety and at least five gurus are shareholders. More...

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7 High-Yield Companies With High Profitability Cisco Systems' dividend yield increased 47.5% PRIMECAP Management,Pioneer Investments - 7 High-Yield Companies With High Profitability
The Gurufocus All-In-One Screener highlights stocks that have a five-year growing dividend yield with strong profitability and a long-term track record of solid returns and growing asset value. More...

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7 Stocks With Strong Yields Companies with strong returns and growing assets Pioneer Investments,PRIMECAP Management - 7 Stocks With Strong Yields
The GuruFocus All-In-One Screener highlighted stocks that have a five-year growing dividend yield with strong profitability and a long-term track record of solid returns and growing asset value. More...

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Spiros Segalas Buys 4 New Stocks in 4th Quarter The guru invested in multiple industries in the final quarter of 2016 Spiros Segalas,PRIMECAP Management,Dodge & Cox,Ste - Spiros Segalas Buys 4 New Stocks In 4th Quarter
Spiros Segalas (Trades, Portfolio) of Jennison Associates and the Harbor Capital Appreciation Fund acquired four new holdings in the fourth quarter. Among his new holdings for the final quarter of 2016 are FedEx Corp. (NYSE:FDX), Charter Communications Inc. (NASDAQ:CHTR), Ulta Salon Cosmetics & Fragrance Inc. (NASDAQ:ULTA) and Expedia Inc. (NASDAQ:EXPE). More...

SEGALAS, JENNISON, HARBOR, BUYS, 4Q


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7 Profitable Companies With Strong Yields Stocks with strong returns and growing assets in the last decade Dodge & Cox,PRIMECAP Management,Donald Yacktman,Je - 7 Profitable Companies With Strong Yields
Thanks to GuruFocus’ All-In-One Screener, I want to highlight stocks that have a five-year growing dividend yield with strong profitability and a long-term track of solid returns and growing asset value. More...

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