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Tiziano Frateschi
Tiziano Frateschi
Articles (1261)  | Author's Website |

9 Stocks Primecap Management Continues to Buy

Holdings the firm boosted during last 2 quarters

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:

Nimble Storage Inc. (NMBL)

During the fourth quarter of 2016, the guru increased the position by 19.80% and in the first quarter of 2017 increased it by 18.73%. The guru holds 0.47% of the stock’s outstanding shares.

Nimble Storage designs and sells a flash-optimized hybrid storage platform it believes is disrupting the market by enabling improvements in application performance and storage capacity with data protection.

Jim Simons (Trades, Portfolio) is the largest shareholder among the gurus with 4.82% of outstanding shares followed by Chuck Royce (Trades, Portfolio) with 0.75% and Paul Tudor Jones (Trades, Portfolio) with 0.02%.

Flex Pharma Inc. (FLKS)

During the fourth quarter of 2016, PRIMECAP increased its stake by 8.40% and in the first quarter increased it by 26.27%. The guru holds 6.02% of the stock’s outstanding shares.

Flex Pharma is a biotechnology company. It is engaged in developing proprietary treatments for nocturnal leg cramps and spasms associated with severe neuromuscular conditions.

Another notable shareholder among the gurus is Royce with 0.38% of outstanding shares.

OncoMed Pharmaceuticals Inc. (OMED)

During the fourth quarter of 2016, the investor boosted the stake by 503.66%. In the first quarter of 2017, the guru again added to the position by 38.23%. The guru holds 4.79% of the stock’s outstanding shares.

OncoMed Pharmaceuticals is a clinical development-stage biopharmaceutical company focused on discovering and developing novel anti-cancer stem cell and immuno-oncology product candidates.

Simons is another notable shareholder among the gurus with 1.25% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.61%.

NN Inc. (NNBR)

During the fourth quarter of 2016, the guru increased the holding by 97.41% and again by 11.72% in the first quarter. The guru holds 5.73% of the stock’s outstanding shares.

NN is a manufacturer of precision ball bearing, cylindrical and tapered rollers, bearing retainers, plastic injection molded products, precision bearing seals and precision metal components.

Another notable shareholder among the gurus is Royce with 3.9% of outstanding shares.

The Travelers Companies Inc. (TRV)

During the fourth quarter of 2016, the investor increased the position by 39.83% and in the first quarter of 2017 added another 4.74%. The guru holds 0.12% of the stock’s outstanding shares.

The Travelers Companies through its subsidiaries provides commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals.

HOTCHKIS & WILEY is the largest shareholder among the gurus with 0.74% 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%, Tom Gayner (Trades, Portfolio) with 0.11%, Pioneer Investments (Trades, Portfolio) with 0.08%, Dodge & Cox with 0.07%, Jeff Auxier (Trades, Portfolio) with 0.03% and Robert Olstein (Trades, Portfolio) with 0.01%.

Salesforce.com Inc. (CRM)

During the fourth quarter the firm increased the holding by 97.41% and in the first quarter by 11.72%. The guru holds 0.1% 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.

The largest shareholder among the gurus is Frank Sands (Trades, Portfolio) with 2.36% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 0.81%, Jana Partners (Trades, Portfolio) with 0.45%, Manning & Napier Advisors Inc. with 0.26%, Steven Cohen (Trades, Portfolio) with 0.11%, David Carlson (Trades, Portfolio) with 0.05%, 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 fourth quarter of 2016 the guru increased the stake by 56.82%. In the first quarter, it added to its position by 21.45%. The guru holds 0.47% of the stock’s outstanding shares.

Textron is a multi-industry company. It 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.

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%, Simons with 0.1%, Jones with 0.08%, Caxton Associates (Trades, Portfolio) with 0.03% and Scott Black (Trades, Portfolio) with 0.02%.

Imax Corp. (IMAX)

During the fourth quarter of 2016, the investor increased his holding by 0.48% and in the first quarter of 2017 boosted it 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.

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%.

Comcast Corp. Class A (CMCSA)

During the fourth quarter of 2016, the firm increased its stake by 215.29% and in the first quarter of 2017 slightly increased it by 4.53%. The guru holds 0.05% of the stock’s outstanding shares.

Comcast is a media and technology company. The company has two operations, Comcast Cable and NBCUniversal.

Dodge & Cox is the largest shareholder among the gurus with 1.61% of outstanding shares followed by First Eagle Investment with 0.94%, Ken Fisher (Trades, Portfolio) with 0.53%, HOTCHKIS & WILEY with 0.18%, Diamond Hill Capital (Trades, Portfolio) with 0.16%, T Rowe Price Equity Income Fund (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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About the author:

Tiziano Frateschi
You can read about me on this blog: www.theextraincome.info

It gives suggestions on position trading.

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