PRIMECAP Management runs Vanguard PrimeCap Fund. Since inception in 1984, they have achieved an annualized return of 13.4%. This is the Q4 portfolio update for the firm.
PRIMECAP Management owns 241 stocks with a total value of $61.3 billion. These are the details of the buys and sells.
- New Purchases: CRXL, CVE, FMC, JEC, JWN, KNOT, PEP, PFE, RBA, WMGI,
- Added Positions: ALTR, AMGN, ARAY, BSX, COG, CRL, DYAX, ERTS, FLEX, FPL, HAWK, IMGN, K, LLY, LMNX, MMC, MON, NKTR, NTCT, OSUR, ROK, RRC, SPW, SSYS, VTNC,
- Reduced Positions: ACI, CTXS, GENZ, ROVI,
- Sold Out: DOW, JW-A, MMM,
For the details of
PRIMECAP Management's stock buys and sells, go to
http://www.gurufocus.com/StockBuy.php?GuruName=PRIMECAP+ManagementThis is the
sector weightings of his portfolio: These are the top 5 holdings of PRIMECAP Management- Amgen Inc. (AMGN) - 42,344,512 shares, 3.91% of the total portfolio
- Eli Lilly And Company (LLY) - 64,325,375 shares, 3.75% of the total portfolio
- Google Inc. (GOOG) - 3,174,310 shares, 3.21% of the total portfolio
- Novartis AG (NVS) - 36,132,554 shares, 3.21% of the total portfolio
- FedEx Corp. (FDX) - 22,838,721 shares, 3.11% of the total portfolio
Added: Electronic Arts Inc. (ERTS, Financial)
PRIMECAP Management added to his holdings in Electronic Arts Inc. by 268.69%. His purchase prices were between $16.11 and $20.83, with an estimated average price of $17.95. The impact to his portfolio due to this purchase was 0.39%. His holdings were 18,538,200 shares as of 12/31/2009.
PRIMECAP Management added to his holdings in Amgen Inc. by 7.81%. His purchase prices were between $52.12 and $60.24, with an estimated average price of $56.24. The impact to his portfolio due to this purchase was 0.28%. His holdings were 42,344,512 shares as of 12/31/2009.
Added: Boston Scientific Corp. (BSX, Financial)
PRIMECAP Management added to his holdings in Boston Scientific Corp. by 17.55%. His purchase prices were between $7.99 and $10.29, with an estimated average price of $8.68. The impact to his portfolio due to this purchase was 0.21%. His holdings were 94,993,424 shares as of 12/31/2009.
Added: Monsanto Company (MON, Financial)
PRIMECAP Management added to his holdings in Monsanto Company by 7.26%. His purchase prices were between $67.18 and $83.53, with an estimated average price of $77.36. The impact to his portfolio due to this purchase was 0.16%. His holdings were 18,082,492 shares as of 12/31/2009.
Added: Marsh & Mclennan Companies Inc. (MMC, Financial)
PRIMECAP Management added to his holdings in Marsh & Mclennan Companies Inc. by 11.01%. His purchase prices were between $21.54 and $25.27, with an estimated average price of $23.16. The impact to his portfolio due to this purchase was 0.13%. His holdings were 35,211,050 shares as of 12/31/2009.
Added: Eli Lilly And Company (LLY, Financial)
PRIMECAP Management added to his holdings in Eli Lilly And Company by 3.04%. His purchase prices were between $32.47 and $37.51, with an estimated average price of $35.33. The impact to his portfolio due to this purchase was 0.11%. His holdings were 64,325,375 shares as of 12/31/2009.
Added: Flextronics International Ltd. (FLEX, Financial)
PRIMECAP Management added to his holdings in Flextronics International Ltd. by 27.97%. His purchase prices were between $6.43 and $7.76, with an estimated average price of $7.19. The impact to his portfolio due to this purchase was 0.1%. His holdings were 38,209,754 shares as of 12/31/2009.
PRIMECAP Management added to his holdings in Altera Corp. by 24.57%. His purchase prices were between $19.61 and $23.14, with an estimated average price of $21.31. The impact to his portfolio due to this purchase was 0.09%. His holdings were 12,736,300 shares as of 12/31/2009.
Added: Kellogg Company (K, Financial)
PRIMECAP Management added to his holdings in Kellogg Company by 91.26%. His purchase prices were between $48.66 and $54, with an estimated average price of $52.18. The impact to his portfolio due to this purchase was 0.07%. His holdings were 1,642,900 shares as of 12/31/2009.
Added: Rockwell Automation Inc. Common (ROK, Financial)
PRIMECAP Management added to his holdings in Rockwell Automation Inc. Common by 31.38%. His purchase prices were between $40.28 and $48.15, with an estimated average price of $44.25. The impact to his portfolio due to this purchase was 0.06%. His holdings were 3,585,511 shares as of 12/31/2009.
PRIMECAP Management added to his holdings in Immunogen Inc. by 3893.71%. His purchase prices were between $6.69 and $8.89, with an estimated average price of $7.97. The impact to his portfolio due to this purchase was 0.05%. His holdings were 4,253,300 shares as of 12/31/2009.
Added: Range Resources Corp. (RRC, Financial)
PRIMECAP Management added to his holdings in Range Resources Corp. by 1045%. His purchase prices were between $42.62 and $58.74, with an estimated average price of $49.95. The impact to his portfolio due to this purchase was 0.04%. His holdings were 458,000 shares as of 12/31/2009.
Added: Charles River Laboratories International (CRL)
PRIMECAP Management added to his holdings in Charles River Laboratories International by 31.82%. His purchase prices were between $31.2 and $40.09, with an estimated average price of $34.3. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,193,422 shares as of 12/31/2009.
Added: Cabot Oil & Gas Corp. (COG)
PRIMECAP Management added to his holdings in Cabot Oil & Gas Corp. by 23.83%. His purchase prices were between $34.23 and $45.73, with an estimated average price of $39.88. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,068,000 shares as of 12/31/2009.
Added: Spx Corp. (SPW)
PRIMECAP Management added to his holdings in Spx Corp. by 1019.71%. His purchase prices were between $52.78 and $61.06, with an estimated average price of $55.89. The impact to his portfolio due to this purchase was 0.02%. His holdings were 232,900 shares as of 12/31/2009.
Added: Stratasys Inc. (SSYS)
PRIMECAP Management added to his holdings in Stratasys Inc. by 51.3%. His purchase prices were between $14.85 and $18.98, with an estimated average price of $16.46. The impact to his portfolio due to this purchase was 0.01%. His holdings were 862,700 shares as of 12/31/2009.
Added: Luminex Corp. (LMNX)
PRIMECAP Management added to his holdings in Luminex Corp. by 26.99%. His purchase prices were between $12.99 and $17.26, with an estimated average price of $14.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,525,719 shares as of 12/31/2009.
Added: Nektar Therapeutics (NKTR)
PRIMECAP Management added to his holdings in Nektar Therapeutics by 104.73%. His purchase prices were between $8.07 and $9.84, with an estimated average price of $9.01. The impact to his portfolio due to this purchase was 0.01%. His holdings were 948,500 shares as of 12/31/2009.
Added: Orasure Technologies Inc. (OSUR)
PRIMECAP Management added to his holdings in Orasure Technologies Inc. by 45%. His purchase prices were between $2.93 and $5.19, with an estimated average price of $3.94. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,892,600 shares as of 12/31/2009.
Added: Dyax Corp. (DYAX)
PRIMECAP Management added to his holdings in Dyax Corp. by 99.36%. His purchase prices were between $3.02 and $4.23, with an estimated average price of $3.43. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 2,573,733 shares as of 12/31/2009.
Added: Accuray Inc. (ARAY)
PRIMECAP Management added to his holdings in Accuray Inc. by 40.96%. His purchase prices were between $5.17 and $6.78, with an estimated average price of $5.76. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 1,519,000 shares as of 12/31/2009.
Added: Vitran Corp. Inc. (VTNC)
PRIMECAP Management added to his holdings in Vitran Corp. Inc. by 54.03%. His purchase prices were between $7.96 and $11.92, with an estimated average price of $9.38. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 171,907 shares as of 12/31/2009.
Added: Fpl Group Inc. (FPL)
PRIMECAP Management added to his holdings in Fpl Group Inc. by 20.89%. His purchase prices were between $49.04 and $56.25, with an estimated average price of $52.51. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 236,140 shares as of 12/31/2009.
Added: Seahawk Drilling Inc. (HAWK)
PRIMECAP Management added to his holdings in Seahawk Drilling Inc. by 34.4%. His purchase prices were between $19.45 and $30.3, with an estimated average price of $25.09. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 224,265 shares as of 12/31/2009.
Added: Netscout Systems Inc. (NTCT)
PRIMECAP Management added to his holdings in Netscout Systems Inc. by 47.83%. His purchase prices were between $12.26 and $15, with an estimated average price of $13.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 34,000 shares as of 12/31/2009.
New Purchase: Cenovus Energy Inc (CVE)
PRIMECAP Management initiated holdings in Cenovus Energy Inc. His purchase prices were between $23.5 and $25.52, with an estimated average price of $24.46. The impact to his portfolio due to this purchase was 0.19%. His holdings were 4,607,061 shares as of 12/31/2009.
New Purchase: Nordstrom Inc. (JWN)
PRIMECAP Management initiated holdings in Nordstrom Inc.. His purchase prices were between $28.95 and $38.39, with an estimated average price of $34.48. The impact to his portfolio due to this purchase was 0.13%. His holdings were 2,172,700 shares as of 12/31/2009.
New Purchase: Pfizer Inc (PFE)
PRIMECAP Management initiated holdings in Pfizer Inc. His purchase prices were between $16.15 and $18.85, with an estimated average price of $17.82. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,668,716 shares as of 12/31/2009.
New Purchase: Ritchie Bros. Auctioneers Inc. (RBA)
PRIMECAP Management initiated holdings in Ritchie Bros. Auctioneers Inc.. His purchase prices were between $21.92 and $25.62, with an estimated average price of $23.62. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,052,700 shares as of 12/31/2009.
New Purchase: Pepsico Inc. (PEP)
PRIMECAP Management initiated holdings in Pepsico Inc.. His purchase prices were between $59.48 and $64.23, with an estimated average price of $61.59. The impact to his portfolio due to this purchase was 0.02%. His holdings were 171,400 shares as of 12/31/2009.
New Purchase: Jacobs Engineering Group Inc. (JEC)
PRIMECAP Management initiated holdings in Jacobs Engineering Group Inc.. His purchase prices were between $34.02 and $47.15, with an estimated average price of $40.28. The impact to his portfolio due to this purchase was 0.01%. His holdings were 97,801 shares as of 12/31/2009.
New Purchase: Fmc Corp. (FMC)
PRIMECAP Management initiated holdings in Fmc Corp.. His purchase prices were between $50.88 and $57.31, with an estimated average price of $55.22. The impact to his portfolio due to this purchase was 0.01%. His holdings were 59,596 shares as of 12/31/2009.
New Purchase: Knot Inc. (KNOT)
PRIMECAP Management initiated holdings in Knot Inc.. His purchase prices were between $9.1 and $11.81, with an estimated average price of $10.15. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 11,100 shares as of 12/31/2009.
New Purchase: Wright Medical Group Inc. (WMGI)
PRIMECAP Management initiated holdings in Wright Medical Group Inc.. His purchase prices were between $15.4 and $19.33, with an estimated average price of $17.88. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 25,000 shares as of 12/31/2009.
New Purchase: Crucell Nv (CRXL)
PRIMECAP Management initiated holdings in Crucell Nv. His purchase prices were between $19.57 and $22.01, with an estimated average price of $20.99. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 24,000 shares as of 12/31/2009.
Reduced: Rovi Corp. (ROVI)
PRIMECAP Management reduced to his holdings in Rovi Corp. by 78.52%. His sale prices were between $27.19 and $34.5, with an estimated average price of $30.22. The impact to his portfolio due to this sale was -0.02%.
PRIMECAP Management still held 448,200 shares as of 12/31/2009.
Reduced: Arch Coal Inc. (ACI)
PRIMECAP Management reduced to his holdings in Arch Coal Inc. by 21.2%. His sale prices were between $19.76 and $25.08, with an estimated average price of $22.23. The impact to his portfolio due to this sale was -0.03%.
PRIMECAP Management still held 4,154,089 shares as of 12/31/2009.
Reduced: Genzyme Corp. (GENZ)
PRIMECAP Management reduced to his holdings in Genzyme Corp. by 61.06%. His sale prices were between $47.95 and $56.72, with an estimated average price of $51.22. The impact to his portfolio due to this sale was -0.12%.
PRIMECAP Management still held 2,423,502 shares as of 12/31/2009.
Reduced: Citrix Systems Inc. (CTXS)
PRIMECAP Management reduced to his holdings in Citrix Systems Inc. by 21.61%. His sale prices were between $36.76 and $42.34, with an estimated average price of $39.32. The impact to his portfolio due to this sale was -0.15%.
PRIMECAP Management still held 10,136,142 shares as of 12/31/2009.
Sold Out: The Dow Chemical Company (DOW)
PRIMECAP Management sold out his holdings in The Dow Chemical Company. His sale prices were between $23.48 and $29.42, with an estimated average price of $26.69.
Sold Out: 3m Company (MMM)
PRIMECAP Management sold out his holdings in 3m Company. His sale prices were between $71.93 and $84.13, with an estimated average price of $77.84.
Sold Out: John Wiley & Sons Inc. (JW-A)
PRIMECAP Management sold out his holdings in John Wiley & Sons Inc.. His sale prices were between $34.2 and $43.17, with an estimated average price of $37.91.
