PRIMECAP Management

PRIMECAP Management

Last Update: 03-06-2017

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

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...
Stocks Primecap Management Continues to Buy The guru's repeat purchases in the last 2 quarters of 2016
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: Read more...
Larry Robbins' Largest 1st-Quarter Sales Guru trims stakes in Humana and Monsanto, exits Priceline Group
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: Read more...
Alibaba Reinstated on US Agency’s Counterfeit List The list singles out markets that sell fake or pirated items
Alibaba (NYSE:BABA), an e-commerce company, was reinstated on the U.S. Trade Representative’s (USTR) list of global marketplaces that carry counterfeit or pirated goods on Wednesday. Read more...
» More PRIMECAP Management Articles

Commentaries and Stories

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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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Monsanto Posts Profitable Quarter From South American Growth Company’s merger with Bayer remains on track PRIMECAP Management,Frank Sands - Monsanto Posts Profitable Quarter From South American Growth
Monsanto Co. (NYSE:MON) posted strong first-quarter results for fiscal 2017 on Thursday, returning to profitability after battling a multiyear decline in the prices of corn, soybeans and other major crops. More...

MONSANTO, BAYER, SOUTH AMERICA, CORN, SOYBEAN, PROFIT


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Intel Gains 15% Ownership of Here International Companies to collaborate on autonomous driving, Internet of Things PRIMECAP Management,Ken Fisher,Bill Nygren - Intel Gains 15% Ownership Of Here International
Intel Corp. (NASDAQ:INTC) announced on Tuesday it is acquiring a 15% stake in privately held Here International BV for an undisclosed amount. More...

INTEL, HERE, AUTONOMOUS VEHICLES


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Alibaba Reinstated on US Agency’s Counterfeit List The list singles out markets that sell fake or pirated items Frank Sands,PRIMECAP Management,Spiros Segalas - Alibaba Reinstated On US Agency’s Counterfeit List
Alibaba (NYSE:BABA), an e-commerce company, was reinstated on the U.S. Trade Representative’s (USTR) list of global marketplaces that carry counterfeit or pirated goods on Wednesday. More...

ALIBABA, US TRADE REPRESENTATIVE, COUNTERFEIT, MARKET, PIRACY


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Julian Robertson Sells Delta Air Lines, Alphabet The hedge fund guru's largest 3rd-quarter sales Julian Robertson,PRIMECAP Management,Warren Buffet - Julian Robertson Sells Delta Air Lines, Alphabet
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: More...

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A Growth Stock in the Land of Value Stocks? A company with excellent earnings power has pulled back recently, but its debt level may rule it out for value investors PRIMECAP Management,Vanguard Health Care Fund,Larr - A Growth Stock In The Land Of Value Stocks?
Over the past two weeks, the price of Thermo Fisher Scientific Inc. (NYSE:TMO) shares has dropped nearly $20, landing it on the Undervalued Predictable screener list at GuruFocus. More...

UNDERVALUED, PREDICTABLE, DIAGNOSTICS & RESEARCH, LABORATORY EQUIPMENT, GROWTH STOCKS, LONG


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Columbia Wanger's Largest Trades in 3rd Quarter The guru's most significant transactions Columbia Wanger,PRIMECAP Management,Mario Gabelli, - Columbia Wanger's Largest Trades In 3rd Quarter
Columbia funds are managed by Columbia Management Investment Advisers LLC, and Columbia Acorn funds are managed by Columbia Wanger (Trades, Portfolio) Asset Management LLC, a subsidiary of Columbia Management Investment Advisers, LLC. During the third quarter the guru’s largest trades were the following: More...

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