PRIMECAP Management

PRIMECAP Management

Last Update: 07-06-2015

Number of Stocks: 258
Number of New Stocks: 7

Total Value: $102,400 Mil
Q/Q Turnover: 3%

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 (%)
201418.7213.695.0
201339.7332.397.3
201215.2716-0.7
3-Year Cumulative91.2 (24.1%/year)74.6 (20.4%/year)16.6 (3.7%/year)
201102.11-2.1
201012.8915.06-2.2
5-Year Cumulative115.9 (16.6%/year)105.1 (15.5%/year)10.8 (1.1%/year)
200934.4526.468.0
2008-32.41-374.6
200711.495.496.0
200612.315.79-3.5
20058.494.913.6
10-Year Cumulative166.5 (10.3%/year)109.4 (7.7%/year)57.1 (2.6%/year)
200418.3110.887.4
200337.7528.689.1
2002-24.56-22.1-2.5
2001-13.35-11.89-1.5
20004.47-9.113.6
15-Year Cumulative196.6 (7.5%/year)86.4 (4.2%/year)110.2 (3.3%/year)
199941.3421.0420.3
199825.4128.58-3.2
199736.8333.363.5
199618.3122.96-4.6
199535.4837.58-2.1
20-Year Cumulative1052.9 (13%/year)554.6 (9.8%/year)498.3 (3.2%/year)
199411.411.3210.1
199318.0310.088.0
19928.997.621.4
199133.1430.472.7
1990-2.81-3.10.3
25-Year Cumulative2038 (13%/year)893.3 (9.6%/year)1144.7 (3.4%/year)
198921.5831.69-10.1
198814.6816.61-1.9
1987-2.255.1-7.3
198623.5118.64.9
198535.6631.64.1
30-Year Cumulative4782.5 (13.8%/year)2402.2 (11.3%/year)2380.3 (2.5%/year)

Top Ranked Articles

PRIMECAP Publishes Annual Letter; Top Holdings: AMGN, LLY, NVS, FDX, GOOG, DTV
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. The firm does not seem surprise clients either way, but over a long period, it manage to beat the S&P by a couple of percent. Here is the performance of one of the funds the firm manages: Read more...
PRIMECAP Management Top Purchases: Amgen Inc., The Boeing Company, Telefonaktiebolaget LM Ericsson Telephone Company, Electronic Arts Inc., Eli Lilly and Company PRIMECAP Management Top Purchases: AMGN, BA, ERIC, ERTS, LLY
(Gurufocus, November 22, 2009) In the earlier article, we stated that the mega-Fund manager PRIMECAP Management found value in the healthcare sector. As it turns out, many of the positions in the top holdings are relatively new. Read more...
New Guru Added: PRIMECAP Management
GuruFocus is very glad to announce that PRIMECAP Management Company has been added into our List of Gurus. Read more...
Weekly Guru Bargains Highlights: NVDA, TQNT, CRUS, FNSR, MWW
Last week’s top five guru bargain stocks were NVDA, TQNT, CRUS, FNSR, and MWW. According to GuruFocus updates, these stocks have declined the most since Gurus have bought. Read more...
Weekly CEO Buys Highlight: PCYC, HLX, FSC, CREG, BTX
Last week’s top five stocks that were bought by their CEOs were PCYC, HLX, FSC, CREG, and BTX. According to GuruFocus Insider Data, these are the largest CEO buys during the past week. Read more...
» More PRIMECAP Management Articles

Commentaries and Stories

  • Currently 2.00/5

Rating: 2.0/5 (1 vote)

What If You Got Paid To Hold Yahoo! Core?
Yahoo! (NASDAQ:YHOO) is rarely touted as its glory days are behind it. It is still one of the most frequently visited portfolio of websites in the U.S. The cash cows in its portfolio of properties being Yahoo! Search, Yahoo! Mail, and Yahoo! News. Under new CEO Marissa Mayer, the company has offloaded nonstrategic assets and is outsourcing some of its underlying technology, like that powering its search engine. Display advertising makes up close to 40% of revenue and search advertising another ~40%. After initial enthusiasm expressed by the market, lately the stock has sold off back into bargain territory: More...

TECH, LONG


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PRIMECAP Adds to Three Stakes in Portfolio Primecap Management - PRIMECAP Adds To Three Stakes In Portfolio
At the end of June, when most Americans were embarking or about to embark on their Fourth of July holidays, which likely included fireworks displays, PRIMECAP Management (Trades, Portfolio) made some modest fireworks of its own by adding to three stakes in its portfolio – SanDisk Corp (NASDAQ:SNDK), Chegg Inc (NYSE:CHGG) and Abaxis Inc (NASDAQ:ABAX). More...

Primecap Management


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Rating: 4.0/5 (1 vote)

PRIMECAP Sells Portions of Its Top Two Stakes Primecap Management - PRIMECAP Sells Portions Of Its Top Two Stakes
Pasadena, California-based PRIMECAP Management (Trades, Portfolio) was founded in September 1983 as an independent investment management company. It evaluates securities based on their outlook over three to five years, longer if warranted. The Vanguard PRIMECAP Fund, one of the funds it manages, logged a return of 18.72% in 2014. More...

Primecap Management


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Primecap Management Increases Stake in CarMax
Primecap Management Company (Trades, Portfolio) was founded in September 1983 in Pasadena, California. It manages Vanguard Primecap Fund, Vanguard Capital Opportunity Fund, and Vanguard Primecap Core Fund.. Primecap was founded by Chairman and Chief Investment Officer Howard B. Schow, Vice Chairman Mitchell J. Milias, and President Theo A. Kololotrones. More...

LONG, Primecap Management, Carmax


  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Primecap Management Increases Position in Aecom
Primecap Management Company (Trades, Portfolio) was founded in September 1983 in Pasadena, California. It manages Vanguard Primecap Fund, Vanguard Capital Opportunity Fund, and Vanguard Primecap Core Fund.. Primecap was founded by Chairman and Chief Investment Officer Howard B. Schow, Vice Chairman Mitchell J. Milias, and President Theo A. Kololotrones. More...

LONG, Primecap Management, Aecom


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Growing and Undervalued: NeuStar Inc.
From my watch list, today another growing and undervalued company. Let’s have a short view of NeuStar Inc. (NSR); that looks undervalued based on the Peter Lynch Price Value and the Discounted Cash Flow Model. More...

  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Primecap Management's Annual Shareholder Letter 2014
Dear Fellow Shareholders, More...

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David Einhorn's Most Weighted Low PE Stocks
David Einhorn (Trades, Portfolio) is president of Greenlight Capital (a value-oriented investment advisor). Through August 2006, Einhorn had achieved annual returns of 29% since starting Greenlight in May 1996. More...

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Weekly Guru Bargains Highlights: PBR.A, S, E, NOV, EC
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Weekly 3-Year Low Highlights: NSR, ELRC, PLPC, SNTA
According to GuruFocus list of 3-year lows, NeuStar Inc, Electro Rent Corp, Preformed Line Products Co, and Synta Pharmaceuticals Inc. have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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PRIMECAP Management's New Positions PRIMECAP Management - PRIMECAP Management's New Positions
PRIMECAP Management (Trades, Portfolio), founded by Chairman and Chief Investment Officer Howard B. Schow, recently added new positions to its portfolio of 260 stocks, valued at ~$98.7 billion with a quarter over quarter turnover rate of 3% during the fourth quarter of 2014. More...

STOCKS, HEALTH CARE, Primecap Management


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5-year lows: Rex Energy Corp, Liquidity Service Inc, Petroquest Energy Inc, MVC Capital Inc.
According to GuruFocus' list of 5-year lows, these Guru stocks have reached their 5-year lows: Rex Energy Corp, Liquidity Service Inc, Petroquest Energy Inc, MVC Capital Inc. More...

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Weekly CEO Buys Highlight: SONS, OPK, AKS, ARAY, ENH
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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Weekly CEO Buys Highlight: JMP, SONS, OPK, ARAY, CBNJ
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

CEO buys, Insider, JMP Group, Sonus Networks, Opko Health, Accuray, Cape Bancorp,


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Rating: 5.0/5 (1 vote)

Guru-Held Stocks Near Historical Low P/S
Buying stocks based on historical low price-to-sales (P/S) ratios has been shown to be an effective investment strategy. At GuruFocus, our “Top 25 Historical Low P/S Ratio Companies” portfolio has outperformed the S&P 500 by 23.38 percent since its inception in 2010. Our portfolio is rebalanced once a year and can be viewed at GuruFocus.com. Below is the latest list of stocks that are trading near historical low P/S ratios and are widely held by the investing gurus we follow: More...

P/S ratio


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Widely Held Guru Stocks Trading In Europe Chris Davis,PRIMECAP Management - Widely Held Guru Stocks Trading In Europe
As pointed out by Warren Buffett (Trades, Portfolio), the percentage of total market cap relative to the U.S. GNP is “probably the best single measure of where valuations stand at any given moment.” GuruFocus has taken this comment a step further and applied it to the global markets. Twenty different global markets were analyzed, including the U.S. More information the valuations can be found at the following link: Global Market Valuations. An interesting aspect of the global valuations is that the U.S. markets have the lowest projected annual returns over the next eight years, with an implied annual return of 0.9 percent, including dividends. More...

International investing


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Guru Stocks at 52-Week Lows: PFE, GSK, VOD, EC, MFG
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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PRIMECAP Odyssey Funds Letter to Shareholders from 2014 Semiannual Report
Dear Fellow Shareholders, More...

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Guru Stocks at 52-Week Lows: UBS, BCS, CS, WFM, ROST
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Guru Held Stocks Trading Near Historical Low P/S Ratios PRIMECAP Management,Joel Greenblatt - Guru Held Stocks Trading Near Historical Low P/S Ratios
Buying stocks based on historical low price-to-sales (P/S) ratios has been shown to be an effective investment strategy. At GuruFocus our “Top 25 Historical Low P/S Ratio Companies” portfolio has outperformed the S&P 500 by 24.38 percent since its inception in 2010. Our portfolio is rebalanced once a year and can be viewed at GuruFocus.com. Below is the latest list of stocks that are trading near historical low P/S ratios and are widely held by the investing gurus we follow: More...

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