The firm provides its services to investment companies, pooled investment vehicles, pension and profit sharing plans, charitable organizations, and sovereign wealth funds. The management team includes Theo A. Kolokotrones, Joel P. Fried, Alfred W. Mordecai, M. Mohsin Ansari and James M. Marchetti. Sometimes a slump is accompanied by or preceded by an exodus of talent. Yet Primecap has stayed with the stocks it likes. Primecap Management Company is based out of Pasadena. The story on industry and sector weights is very much a steady picture, where weightings typically change at a measured pace. Primecap Management Company's Chief Operations Officer is John Bucher. Primecap Management Company's Headquarters are in 3945 E Fort Lowell Rd Ste 212 ,Tucson,Arizona,United States. Thats where they diverge from most growth fund managers. The economy and markets are "under surveillance". PRIMECAP Management owns 28.4 million shares of United Airlines, representing 8.9% of total shares outstanding, according to the company's 13F filing for the period ending Dec. 31, 2020. Mr. Ansari is also a graduate of the Harvard Graduate School of Business Administration. Primecap has beaten its peer group handily for much of the past decade and all the way back to when its first fund launched in 1984. Provide specific products and services to you, such as portfolio management or data aggregation. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $33.38 whereas the lowest price it dropped to was $32.06. Where are Primecap Management Company's Headquarters? It is a California corporation registered with the Securities and Exchange Commission as an investment advisor under the Investment Advisers Act of 1940. Zoom (ZM), Tesla (TSLA), Square (SQ), and most of the FAANGs (Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Netflix (NFLX), and Alphabet (GOOG) [aka Google]) posted stratospheric gains. This means they effectively own approximately 0.1% of the company. John joined PRIMECAP as COO in September 2018. India is one of only a handful of nations that have sent probes to the moon and Mars. CEO at We Ship Auto Transfer | All Your Auto Transport Needs Is Just One Phone Call Away !!! The Firm also manages equity portfolios for a limited number of institutional clients, including the Vanguard Group. . The economy and markets are "under surveillance". primecap management co primecap management PRIMECAP Management owns 50.4 million shares of Micron, representing 4.5% of total shares outstanding, according to the company's 13F filing for the period ending Sept. 30, 2020. Hired for a position then let go 2 months later because they didn't have my position ready A lot of False promises. var trs = table.getElementsByTagName('tr'); Read our editorial policy to learn more about our process. Language. if (isexpanded[from]) { Primecap Management Company's CEO is Alexander Sokolowsky. www.primecap.com. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. How we use your information depends on the product and service that you use and your relationship with us. Fund Subadvisor (s) Manager BiographyTheo A. Kolokotrones, Chairman of PRIMECAP Management Company. GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.. Link to 13F filings: SEC filings, .htable { font-family: Arial; font-size: 13px; border-bottom: 1px dotted #666666; width: 646px; } Get contact details including emails and phone numbers Primecap Management Company's NAICS code is 523920, How many employees are working in Primecap Management Company, Primecap Management Company has 41 employees. Pasadena, California-based Primecap Management is an excellent equity shop and merits a High Parent rating. You must have a subscription to view WhaleScore histories. trs[i].className = 'showrow'; } The team runs three funds for Vanguard and three under its own Primecap Odyssey label, all of which have Morningstar Analyst Ratings of Gold. The firm provides its services to investment companies, pooled investment vehicles, pension and profit sharing plans, charitable organizations, and sovereign wealth funds. The typical growth fund manager is benchmarked to a growth index, and that makes it much harder for them to not own or even underweight the biggest growth names. PRIMECAP Management Company. See Shanshan Jiang's compensation, career history, education, & memberships. Theo Kolokotrones. million verified professionals across 35 million companies. But in this case, the fund didnt change so much as the market around it. Primecap Management Co. CA now owns 4,734,979 shares of the company's stock valued at $638,370,000 after buying an additional 703,530 shares during the last quarter. But one of the more dramatic moves in market history has put some distance between Primecap and most large-growth peers. Mr. Mordecai joined PRIMECAP Management Company in August 1997. President at PRIMECAP Management . Up to 5 PRIMECAP Odyssey Funds. The circles represent the middle of the portfolio, or the centroid. The Primecap managers clearly value growth and competitive advantages, but they dont give much thought to peers or the Russell 1000 Growth. So, What Went Wrong? Description. Company profile. At last check, annual portfolio turnover at Vanguard Primecap was just 6%. In addition to mutual funds and ETFs, Vanguard offers brokerage . Employees. Alt Turnover is calculated by taking either the total MV of new purchases or Mr. Kolokotrones is a graduate of the University of Chicago and the Harvard Graduate School of Business Administration. Who Is Primecap? . font-family: Arial; Primecap Management Co. CA now owns 4,031,449 shares of the company's stock worth $652,490,000 after purchasing an additional 322,645 shares during the last quarter. Micron Technology Inc. Institutional investors hold a majority ownership of MU through the 83.32% of the outstanding shares that they control. Dan Wiener at The Independent Adviser for Vanguard Investors reports that Howard Schow, co-founder and chairman emeritus of Pasadena-based PRIMECAP Management Co., died this weekend, age 84. PRIMECAP Management Company utilizes a multi-counselor investment model whereby each portfolio manager has complete autonomy over a distinct sleeve of each Fund. The companys five principal portfolio managers have over one hundred fifty years of successful investment management experience. Any hedge fund managing over $100M is required to submit a 13F form to the SEC which lists their current holdings at the end of each fiscal quarter. IDENTIFICATION NO. Moreover, we are stock pickers, not marketers. So, no, it doesnt look like Primecap has changed its stripes. Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc., and are not protected by SIPC. Primecap's MO is to find the smartest people at a school, hire them without much regard to background, and then let them work. PRIMECAP manages the PRIMECAP Odyssey Funds, where Mr. Fried serves as co-chief executive and trustee, and several mutual funds for The Vanguard Group. Employees. Including: Biggest new positions Biggest exits Biggest increased positions Biggest decreased positions, See Details: Top 10 Stocks Held By Primecap Management Co. CA, All Stocks Held By Primecap Management Co. CA, Top 10 Stocks Held By Primecap Management Co. CA, stock quote data powered by Ticker Technologies. The firm invests in value stocks of small-cap, mid-cap, and large-cap companies. These products and services are usually sold through license agreements or subscriptions. HTTP://WWW.PRIMECAP.COM The Vanguard Group, Inc. is an American registered investment advisor based in Malvern, Pennsylvania, with about $7 trillion in global assets under management, as of January 13, 2021. Only three analysts have left, while four have been hired. No credit card required. and a top 10 holdings concentration of 32.97%. Contact. After doing some more digging, we found that the top 22 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company. PRIMECAP Management Company is a small organization by design. isexpanded[from] = !isexpanded[from]; By contrast, the typical large . Looking for a particular PRIMECAP Management Company employee's phone or email? var isexpanded = new Array(); Primecap Management Company's phone number is +1 626-304-9222. View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Given that Primecap has succeeded over the long run, Ill be sticking with it. to fundamental research, long-term investment horizon, emphasis on individual decision-making, and focus on value. . I.R.S. S&P 500WhaleScore Overall, I see less change than at the typical actively managed fund. Because of closings and different options in different accounts, I own three: Primecap Odyssey Aggressive Growth, Vanguard Primecap Core, and Vanguard Capital Opportunity (VHCOX). How do I update this listing? OriginalWhaleScore What is Primecap Management Company's phone number? Mr. Ansari joined PRIMECAP Management Company in July 2000. Google generates 99% of Alphabet revenue, of . Find Info. All text and design is copyright 2020 WhaleWisdom.com. Headquarters. The funds are benchmarked to the S&P 500, and managers are compensated based on it--though those designated as growth funds have consistently been in the growth side of the style box. This will schedule a job to export all requested 13f holdings data for this filer. var imgid = 'ocimg' + from; From 1996 to 2003, he ran the software division of Intellisense, a start-up acquired by Corning Inc. in 2001. Performance numbers calculated through 2023-02-14. Website. It was so bad that the funds three-, five-, and 10-year returns are now pedestrian relative to peers as well. PRIMECAP Management Company is an employee owned investment manager. trs[i].className = 'hiderow'; The Firm also manages equity portfolios for a limited number of institutional clients, including the Vanguard Group. PRIMECAP is a long-only, equity-only investment management company that is the investment advisor for each of the three PRIMECAP Odyssey Funds. From 1994 to 1998, he worked at Weyerhaeuser Company on various assignments ranging from managing capital projects to coordinating production at mills. [2]: Several other hedge funds have also recently modified their holdings of the business. 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. The firm has advised Vanguard PRIMECAP Fund since 1984. } else { He co-founded PRIMECAP Management Company in September . Limiting our client relationships to twenty-five enables our investment professionals to focus on our core competency, investment management. Mr. Fried joined PRIMECAP Management Company in June 1986. if (i > from && i <= to) { height: 20px; To this end, the firm has limited the number of clients it serves, enabling the firm's principals to focus on portfolio management rather than marketing and administration. PRIMECAP Management Company | 879 followers on LinkedIn. Primecap did have some of the big winners. Add Benefits. PRIMECAP Management Company operates as an investment management firm. Manager Start Date11/01/2004. Joel Fried (BA '84, MBA '86) Joel Fried is President of PRIMECAP Management Company, a Pasadena based investment company. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. under the Investment Company Act of 1940 that you advise for providing chief compliance officer services to you, provide the person's name and IRS Employer Identification Number (if any): No credit card required. ? } Conclusion On a yearly basis, much of what at first seems to be skill or stupidity is really just a funds industry biases shining through. PRIMECAP Management Company has managed the fund since 1984. Prior to joining PRIMECAP, he spent one year as a financial analyst with Hughes Investment Management Company, a wholly-owned subsidiary of Hughes Aircraft. containing a link to download the .zip file of the CSV file(s) you requested. Co-Chief Executive Officer, Trustee, and Portfolio Manager, PRIMECAP Management Company Its emphasis on deep fundamental research in an area often given over to Wall Street hype has proved remarkably successful. Their last reported 13F filing for Q4 2022 included $109,229,662,042 in managed 13F securities and a top 10 holdings concentration of 32.97%. Lee Equity Partners, LLC Venture Capital and Private Equity Principals They are an independent investment management company that manages US-focused equity portfolios for a limited number of institutions. This is the PrimeCap Lending company profile. The fund invests in stocks of companies . [1]: For sure, there have been off years, but not many like 2020 . A third weak spot was big biotech names like Biogen (BIIB) and Amgen (AMGN), which have been big winners in the past but lost money in 2020. Now India is throwing open its doors to private companies and raising its stellar ambitions. It manages separate client-focused equity portfolios. Primecap Management Company's revenue is $10 - 50M. } Add Interview. Tesla Primecap Management Company Tesla 30 469% . }, See Full List: All Stocks Held By Primecap Management Co. CA PRIMECAP also manages assets for a limited number of pension fund . Primecap Management Company has met the qualifications for inclusion in our WhaleScore system. SEC form, multiple filers or classes of filers, and much more.***. Who is Primecap Management Company's Chief Operations Officer? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Download 13F Summary Primecap Management Company's largest holding is Lilly (Eli) & Co. with shares held of 25,892,025. Over the past five years, no managers have left. The article was published in the January 2021 issue of Morningstar FundInvestor. 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