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PRIMECAP Management13F | |
| PRIMECAP Management | |
| Last update 2024-11-13 | 336 Stocks (7 new) |
| Value $136.01 Bil | Turnover 1 % |
| Portfolio Report | |
PRIMECAP Management Profile
PRIMECAP Management Company was founded in 1983 in Pasadena, CA as an independent investment management company. PRIMECAP manages US-focused equity portfolios for a limited number of institutions and mutual funds.
The firm’s objective is to provide superior long-term equity investment results following an investment approach based on four key principles: individual decision-making, commitment to fundamental research, long-term investment horizon and focus on value.
PRIMECAP Management utilizes a multi-counselor investment model whereby each portfolio manager has complete autonomy over a distinct sleeve of each Fund.
The firm’s objective is to provide superior long-term equity investment results following an investment approach based on four key principles: individual decision-making, commitment to fundamental research, long-term investment horizon and focus on value.
PRIMECAP Management utilizes a multi-counselor investment model whereby each portfolio manager has complete autonomy over a distinct sleeve of each Fund.
PRIMECAP Management Investing Philosophy
PRIMECAP looks for stocks that will outperform the market over a three to five-year horizon. The firm strives to recognize values early and patiently wait for the market to reach a similar conclusion. Often, PRIMECAP's search begins with companies and industries that are currently out of favor among investors and, thus, the firm's investment ideas are frequently early. Despite this, conviction derived through the firm's research efforts gives it the fortitude to stay the course when the near-term fundamentals are challenging, even if the firm believes the long-term thesis is intact.
PRIMECAP Management Top Holdings of 2024-09-30
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LLY | Eli Lilly and Co | 17,690,508 | 15672728.660 | -9.83% | 11.520 | -1.26% | 1.860 | -12.02% | +3.61% | 719362.624 | Drug Manufacturers | |
AMGN | Amgen Inc | 14,255,941 | 4593407.070 | -1.32% | 3.380 | -0.04% | 2.650 | -17.66% | +0.61% | 140957.206 | Drug Manufacturers | |
MSFT | Microsoft Corp | 9,847,015 | 4237170.560 | -1.96% | 3.120 | -0.06% | 0.130 | +0.95% | -0.60% | 3114843.301 | Software | |
KLAC | KLA Corp | 5,301,519 | 4105549.330 | -3.88% | 3.020 | -0.13% | 3.960 | -14.16% | +8.40% | 91365.954 | Semiconductors | |
MU | Micron Technology Inc | 37,631,860 | 3902800.200 | +0.55% | 2.870 | +0.02% | 3.390 | -5.89% | +18.04% | 110681.840 | Semiconductors | |
FDX | FedEx Corp | 12,709,330 | 3478289.430 | -0.63% | 2.560 | -0.02% | 5.200 | +2.95% | -3.77% | 65205.484 | Transportation | |
AZN | AstraZeneca PLC | 41,980,045 | 3270665.310 | -1.45% | 2.400 | -0.03% | 1.350 | -12.83% | +2.27% | 209416.542 | Drug Manufacturers | |
BSX | Boston Scientific Corp | 37,826,500 | 3169860.700 | -0.35% | 2.330 | -0.01% | 2.570 | +10.07% | +6.22% | 139836.752 | Medical Devices & Instruments | |
BIIB | Biogen Inc | 16,315,079 | 3162514.910 | -0.14% | 2.330 | 0% | 11.200 | -21.09% | -2.68% | 21685.952 | Drug Manufacturers | |
GOOGL | Alphabet Inc | 18,692,890 | 3100215.810 | -1.11% | 2.280 | -0.03% | 0.150 | +18.62% | +1.45% | 2357015.060 | Interactive Media |
PRIMECAP Management's Historical Top Holdings Breakdowns
PRIMECAP Management's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPLK | Splunk Inc | 2024-03-31 | Sold Out | -1.31% | 152.15 ($154.4) 156.9 | $156.90 | 1.62% | Sold Out | 0 | -10,820,268 | |
LLY | Eli Lilly and Co | 2024-09-30 | Reduce | -1.26% | 772.14 ($899.05) 960.02 | $799.90 | -11.03% | Reduce -9.83% | 17,690,508 | -1,927,574 | |
| SGEN | Seagen Inc | 2023-12-31 | Sold Out | -1.12% | 211.74 ($216.64) 228.9 | $228.74 | 5.59% | Sold Out | 0 | -6,261,798 | |
LLY | Eli Lilly and Co | 2024-06-30 | Reduce | -0.95% | 724.87 ($799.92) 909.04 | $799.90 | 0% | Reduce -7.7% | 19,618,082 | -1,636,108 | |
| PXD | Pioneer Natural Resources Co | 2024-06-30 | Sold Out | -0.85% | 263.96 ($270.84) 275.52 | $269.62 | -0.45% | Sold Out | 0 | -4,342,556 | |
XOM | Exxon Mobil Corp | 2024-06-30 | New Buy | +0.71% | 108.36 ($116.47) 122.2 | $106.54 | -8.53% | New holding | 8,514,677 | 8,514,677 | |
LLY | Eli Lilly and Co | 2023-06-30 | Reduce | -0.55% | 343.42 ($418.16) 468.98 | $799.90 | 91.29% | Reduce -7.18% | 23,546,201 | -1,821,349 | |
LLY | Eli Lilly and Co | 2024-03-31 | Reduce | -0.44% | 592.2 ($711.67) 792.28 | $799.90 | 12.40% | Reduce -4.26% | 21,254,190 | -946,344 | |
MSFT | Microsoft Corp | 2023-03-31 | Reduce | -0.41% | 222.31 ($255.08) 288.3 | $418.95 | 64.24% | Reduce -13.91% | 11,441,058 | -1,848,630 | |
LLY | Eli Lilly and Co | 2023-12-31 | Reduce | -0.39% | 525.19 ($583.7) 619.13 | $799.90 | 37.04% | Reduce -3.74% | 22,200,534 | -863,002 |
PRIMECAP Management Total Holding History ($B)
PRIMECAP Management's Asset Allocation
PRIMECAP Management Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
Top Ranked Articles
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PRIMECAP Management's Hypothetical Growth since 2024-09-30
PRIMECAP Management's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
PRIMECAP Management's Holdings Heat Map
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PRIMECAP Management's Holdings Bubble Chart
PRIMECAP Management News
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