PRIMECAP Management

PRIMECAP Management

Last Update: 02-13-2017

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...
Columbia Wanger's Largest Trades in 3rd Quarter The guru's most significant transactions
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: Read more...
Jeff Auxier Sells Precision Castparts, AT&T, Microsoft The guru's largest sales in the 1st quarter
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: 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...
» More PRIMECAP Management Articles

Commentaries and Stories

  • Currently 2.00/5

Rating: 2.0/5 (1 vote)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

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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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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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Rating: 0.0/5 (0 votes)

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...

  • Currently 3.67/5

Rating: 3.7/5 (3 votes)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 3.33/5

Rating: 3.3/5 (3 votes)

Mohnish Pabrai Buys Southwest Guru added airline to portfolio in the 3rd quarter Mohnish Pabrai,PRIMECAP Management - Mohnish Pabrai Buys Southwest
Mohnish Pabrai (Trades, Portfolio) of Pabrai Investment Funds gained a new holding in Southwest Airlines (NYSE:LUV) during the third quarter. More...

SOUTHWEST, AIRLINES, TRAVEL, BUY, PABRAI


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

John Hussman Boosts Intel, Sells NVIDIA, General Electric The guru's largest trades in the 3rd quarter John Hussman,PRIMECAP Management,Ken Fisher,Barrow - John Hussman Boosts Intel, Sells NVIDIA, General Electric
John Hussman (Trades, Portfolio) is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. During the third quarter the guru’s largest trades were the following: More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Vanguard Health Care Fund Sells Amgen, Baxter The guru's largest 3rd-quarter sales Vanguard Health Care Fund,PRIMECAP Management,Jim  - Vanguard Health Care Fund Sells Amgen, Baxter
Following its third-quarter report, Vanguard Health Care Fund (Trades, Portfolio) holds 73 stocks with a total value of $46.245 billion. The following are the sales with the largest impacts on its portfolio. More...

  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Iconic Retailer Could Be Ready for a Comeback If you can tolerate some long-term debt L Brands offers growth and shareholder rewards in a large cap PRIMECAP Management,Barrow Hanley Mewhinney & Stra - Iconic Retailer Could Be Ready For A Comeback
L Brands Inc. (NYSE:LB) is the name, but we’re much more likely to know its starring segment: Victoria’s Secret. Anyone who’s spent time in a shopping mall is likely to recognize the other segments in L Brands' operations: PINK (a component of Victoria’s Secret), Bath & Body Works, La Senza (another intimate apparel retailer) and Henri Bendel, a small retailer of handbags, jewelry and accessories More...

GLOBAL APPAREL STORES, INTIMATE APPAREL, RETAIL, DIVIDENDS, CAPITAL GAINS, VICTORIA’S SECRET, LONG


  • Currently 0.00/5

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Is Shutterfly a Buy? Stock pick from the Great Investors’ Best Ideas Symposium PRIMECAP Management,Mario Cibelli,Jim Simons,Joel - Is Shutterfly A Buy?
At the Great Investors’ Best Ideas Symposium in Dallas on Oct. 18, Caroline Cooley, a partner at Crestline Investors Inc., revealed her current stock pick as Shutterfly (NASDAQ:SFLY). More...

CONSUMER, TECHNOLOGY, PHOTOGRAPHY, BUY, GIBI, DALLAS


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