Equal-WT
WhaleScore 2.0
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Primecap Management Company is based out of Pasadena. Primecap Management Company is a large advisory firm with 23 clients and discretionary assets under management (AUM) of $134,476,880,987 (Form ADV from 2024-07-08). Their last reported 13F filing for Q2 2024 included $138,125,236,526 in managed 13F securities
and a top 10 holdings concentration of 38.96%. Primecap Management Company's largest holding is Lilly (Eli) & Co. with shares held of 19,618,082. Whalewisdom has at least 97 13F filings, and 1640 13G filings
Business Description
PRIMECAP Management Company is an investment advisor registered with the SEC under the Investment Advisers Act of 1940. They aim to provide superior long-term investment results and satisfy the specific requirements and objectives of their clients. PRIMECAP was founded with efficiency in mind, minimizing administrative burdens and bureaucracy associated with larger organizations. They recognize their competency lies in investment management, not administration, and view themselves as stock pickers, not marketers.
To achieve this focus, PRIMECAP has limited the number of clients they service, allowing them to concentrate on portfolio management rather than marketing and administration. This approach enables them to provide personalized attention and tailored investment strategies to each client.
Investment Strategy
PRIMECAP primarily invests in equity securities and utilizes fundamental research and bottom-up stock picking to construct portfolios. This approach involves a multi-counselor investment process where the best ideas from each manager are combined.
The firm's research process relies on various sources of information, including financial publications, corporate inspections, sell-side analyst research, company annual reports and filings, press releases, and meetings with company executives, suppliers, competitors, and customers. Notably, PRIMECAP does not engage in short sales, margin transactions, derivatives, or currency hedging.
Owners
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Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| XOM ExxonMobil Corp. (St | 0.71% |
| BSX Boston Scientific In | 0.18% |
| ILMN Illumina Inc | 0.14% |
| BIIB Biogen Inc | 0.13% |
| PYPL PayPal Holdings Inc | 0.12% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| PXD Pioneer Natural Reso | 0.85% |
| WFC Wells Fargo & Co. | 0.23% |
| ACM Aecom | 0.15% |
| MAT Mattel Inc. | 0.13% |
| DIS Walt Disney Co. (The | 0.13% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| LLY Lilly (Eli) & Co. | 12.86% |
| MU Micron Technology, I | 3.56% |
| KLAC KLA Corp | 3.29% |
| AMGN Amgen, Inc. | 3.27% |
| MSFT Microsoft Corp. | 3.25% |
2024-06-30
13F Activity
| Market Value | $138b, Prior: $134b |
| Inflows (Outflows) as % of Total MV | (-0.9466)% |
| New Purchases | 8 stocks |
| Added To | 96 stocks |
| Sold out of | 11 stocks |
| Reduced holdings in | 188 stocks |
| Top 10 Holdings % | 38.96% |
| Turnover %[1] | 5.54% |
| Turnover Alt %[2] | 2.37% |
| Time Held Top 20 | 36.9 quarters |
| Time Held Top 10 | 28.4 quarters |
| Time Held All | 34.22 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
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2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30