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:
Taser International Inc. (TASR)
During the third quarter of 2016, the guru increased its position by 3.38% and in the fourth quarter increased it by 57.45%. The guru holds 0.71% of the stock’s outstanding shares.
Taser International develops, manufactures and sells conducted electrical weapons (CEW) designed for use in law enforcement, military, corrections, private security and personal defense. Its manufacturing facilities are located in Scottsdale, Arizona. During the fourth quarter net sales grew 46% year over year, and international sales were $18.6 million compared to $12.1 million in the fourth quarter of 2015.
Columbia Wanger (Trades, Portfolio) is the largest shareholder among the gurus with 1.17% of outstanding shares followed by Joel Greenblatt (Trades, Portfolio) with 0.08%.
NN Inc. (NNBR)
During the third quarter of 2016, the guru increased its position by 26.20%. In the fourth quarter, he again added to his position by 14.02%. The guru holds 5.76% of the stock’s outstanding shares. In the last quarter the company reported an increase of $18.2 million, or 10% for net sales, and sales grew organically by $6.6 million in the fourth quarter. GAAP income was $11.6 million, compared to negative $10.8 million for the same period in 2015.
The company is a manufacturer of precision balls, cylindrical and tapered rollers, bearing retainers, plastic injection molded products, precision bearing seals and precision metal components.
Another notable shareholder among the gurus is Chuck Royce (Trades, Portfolio) with 3.92% of outstanding shares.
The Travelers Companies Inc. (TRV)
During the third quarter of 2016, the investor increased its holding by 39.83% and again by 4.74% in the fourth quarter. The guru holds 0.08% of the stock’s outstanding shares.
Travelers Companies through its subsidiaries provides commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. Fourth quarter net income grew 9% year over year, and operating income increased 4% from the prior-year quarter.
HOTCHKIS & WILEY is the largest shareholder among the gurus with 0.73% of outstanding shares followed by Jeremy Grantham (Trades, Portfolio) with 0.21%, Mairs and Power (Trades, Portfolio) with 0.21%, Barrow, Hanley, Mewhinney & Strauss with 0.12%, Pioneer Investments (Trades, Portfolio) with 0.08%, Dodge & Cox with 0.07%, Jeff Auxier (Trades, Portfolio) with 0.07% and Robert Olstein (Trades, Portfolio) with 0.01%.
Salesforce.com Inc. (CRM)
During the third quarter, the investor increased its position by 97.41% and in the fourth quarter added another 11.72%. The guru holds 0.11% of the stock’s outstanding shares.
Salesforce.com provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services as well as professional services to facilitate the adoption of its solutions. Fourth quarter total revenue was $2.29 billion, an increase of 27% year-over-year and 28% in constant currency. GAAP loss per share was 7 cents, and non-GAAP diluted earnings per share was 28 cents. The company reported a 50% year-over-year increase for operating cash flow.
The largest shareholder among the gurus is Frank Sands (Trades, Portfolio) with 2.39% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 1.07%, Jana Partners (Trades, Portfolio) with 0.45%, Manning & Napier Advisors Inc. with 0.27%, Steven Cohen (Trades, Portfolio) with 0.11%, Ray Dalio (Trades, Portfolio) with 0.02%, RS Investment Management (Trades, Portfolio) with 0.02% and Ron Baron (Trades, Portfolio) with 0.01%.
Textron Inc. (TXT)
During the third quarter, the investor increased its holding by 56.82% and in the fourth quarter by 21.45%. The guru holds 0.47% of the stock’s outstanding shares.
Textron is a multi-industry company that is engaged in aircraft, defense, industrial and finance businesses to provide its customers products and services. Its business segments include Cessna, Bell, Textron Systems, Industrial and Finance. Recently it completed the acquisition of Arctic Cat Inc. (ACAT).
Mario Gabelli (Trades, Portfolio) is the largest shareholder among the gurus with 0.78% of outstanding shares followed by Richard Snow (Trades, Portfolio) with 0.44%, Cohen with 0.15%, Jim Simons (Trades, Portfolio) with 0.1%, Paul Tudor Jones (Trades, Portfolio) with 0.08%, Caxton Associates (Trades, Portfolio) with 0.03% and Scott Black (Trades, Portfolio) with 0.02%.
Imax Corp. (IMAX)
During the third quarter of 2016 the investor increased its holding by 0.48%. In the fourth quarter, he added to his position by 331.67%. The guru holds 2.7% of the stock’s outstanding shares.
Imax is an entertainment technology company specializing in motion picture technologies and large-format motion picture presentations. Fourth-quarter revenue was $106.9 million, and net income attributable to common shareholders was $8.9 million, or 13 cents per diluted share.
The largest shareholder among the gurus is RS Investment Management with 3.21% of outstanding shares followed by Simons with 0.11%, Gabelli with 0.06% and Barrow, Hanley, Mewhinney & Strauss with 0.02%.
Stratasys Ltd. (SSYS)
During the third quarter of 2016 the investor increased its position by 13.15% and in the fourth quarter increased it by 10.83%. The guru holds 9.52% of the stock’s outstanding shares.
Stratasys provides additive manufacturing solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. It offers 3D printers and 3D production systems.
Ken Fisher (Trades, Portfolio) is another notable shareholder among the gurus with 5.88% of outstanding shares followed by Mairs and Power with 2.43%, Simons with 1.39%, Gabelli with 0.74%, Royce with 0.13%, Barrow, Hanley, Mewhinney & Strauss with 0.07% and Jones with 0.04%.
Comcast Corp. Class AÂ (CMCSA)
During the third quarter of 2016, the guru increased its position by 215.29% and in the fourth quarter increased it by 4.53%. The guru holds 0.08% of the stock’s outstanding shares.
Comcast is a media and technology company. The company's business segments are: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. During the last quarter consolidated revenue increased 9.2%, and operating income grew 6.6% from the fourth quarter of a year before. It reported a growth of 7.8% for operating cash flow and 20.4% for earnings per shares.
The largest shareholder among the gurus is Dodge & Cox with 1.62% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.94%, Fisher with 0.53%, HOTCHKIS & WILEY with 0.18%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.16%, Diamond Hill Capital (Trades, Portfolio) with 0.16%, Tom Russo (Trades, Portfolio) with 0.15%, Bill Nygren (Trades, Portfolio) with 0.12% and Chase Coleman (Trades, Portfolio) with 0.11%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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