PRIMECAP MANAGEMENT CO CA's Q1 2024 13F: 6 new positions, 5 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 14, 2024 · 335 reported positions · accession 0001085146-24-002444
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | SPLUNK INC (SPLK) | 1.3% | — | −1.3 pts | −10.82M sh | −100% |
| Reduced | ELI LILLY & CO (LLY) | 10.2% | 12.3% | +2.1 pts | −946K sh | −4% |
| Increased | NEXTRACKER INC (NXT) | 0.0% | 0.3% | +0.3 pts | +7.21M sh | +719% |
| New | CONOCOPHILLIPS (COP) | — | 0.3% | +0.3 pts | +2.75M sh | new |
| Reduced | NVIDIA CORPORATION (NVDA) | 1.0% | 1.6% | +0.5 pts | −267K sh | −10% |
| Reduced | ABBOTT LABS (ABT) | 0.2% | 0.1% | −0.2 pts | −1.92M sh | −67% |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | 1.1% | 1.1% | 0.0 pts | +2.57M sh | +14% |
| Reduced | MARRIOTT INTL INC NEW (MAR) | 0.2% | 0.1% | −0.1 pts | −566K sh | −65% |
| Reduced | THERMO FISHER SCIENTIFIC INC (TMO) | 1.3% | 1.2% | −0.1 pts | −245K sh | −8% |
| Reduced | ROYAL CARIBBEAN GROUP (RCL) | 0.6% | 0.5% | −0.1 pts | −1M sh | −17% |
| Increased | JPMORGAN CHASE & CO (JPM) | 0.6% | 0.8% | +0.2 pts | +626K sh | +14% |
| Reduced | PIONEER NAT RES CO (PXD) | 0.8% | 0.9% | 0.0 pts | −418K sh | −9% |
| Exited | HILTON WORLDWIDE HLDGS INC (HLT) | 0.1% | — | −0.1 pts | −564K sh | −100% |
| Reduced | RESTAURANT BRANDS INTL INC (QSR) | 0.1% | 0.0% | −0.1 pts | −1.36M sh | −91% |
| Increased | WOLFSPEED INC (WOLF) | 0.1% | 0.1% | 0.0 pts | +3.34M sh | +175% |
| Increased | BAIDU INC (BIDU) | 0.9% | 0.8% | −0.1 pts | +911K sh | +10% |
| Increased | AMERICAN AIRLS GROUP INC (AAL) | 0.4% | 0.5% | +0.1 pts | +5.28M sh | +14% |
| Increased | SYSCO CORP (SYY) | 0.1% | 0.2% | +0.1 pts | +981K sh | +45% |
| Reduced | CARRIER GLOBAL CORPORATION (CARR) | 0.2% | 0.1% | −0.1 pts | −1.27M sh | −29% |
| Reduced | KLA CORP (KLAC) | 2.7% | 3.0% | +0.3 pts | −105K sh | −2% |
| Increased | OKTA INC (OKTA) | 0.0% | 0.1% | +0.1 pts | +690K sh | +105% |
| Reduced | MCDONALDS CORP (MCD) | 0.1% | 0.0% | −0.1 pts | −251K sh | −86% |
| Increased | TERADYNE INC (TER) | 0.1% | 0.2% | +0.1 pts | +624K sh | +44% |
| Reduced | DISCOVER FINL SVCS (DFS) | 0.2% | 0.1% | 0.0 pts | −526K sh | −29% |
| Reduced | VALERO ENERGY CORP (VLO) | 0.1% | 0.0% | 0.0 pts | −380K sh | −54% |
| Reduced | AECOM (ACM) | 1.0% | 1.0% | 0.0 pts | −584K sh | −4% |
| Increased | DOLLAR TREE INC (DLTR) | 0.2% | 0.2% | 0.0 pts | +430K sh | +29% |
| Increased | NORFOLK SOUTHN CORP (NSC) | 0.0% | 0.1% | 0.0 pts | +216K sh | +96% |
| Reduced | MICROSOFT CORP (MSFT) | 3.1% | 3.2% | +0.1 pts | −117K sh | −1% |
| Reduced | TJX COS INC NEW (TJX) | 1.0% | 1.0% | 0.0 pts | −471K sh | −3% |
| Reduced | NOVARTIS AG (NVS) | 1.0% | 0.9% | −0.1 pts | −488K sh | −4% |
| Reduced | APPLIED MATLS INC (AMAT) | 0.4% | 0.5% | 0.0 pts | −225K sh | −7% |
| Reduced | DANAHER CORPORATION (DHR) | 0.0% | 0.0% | 0.0 pts | −184K sh | −74% |
| Increased | UNITEDHEALTH GROUP INC (UNH) | 0.0% | 0.0% | 0.0 pts | +92,100 sh | +460% |
| Reduced | CISCO SYS INC (CSCO) | 0.3% | 0.2% | −0.1 pts | −897K sh | −13% |
| Reduced | ADOBE INC (ADBE) | 2.8% | 2.2% | −0.6 pts | −82,636 sh | −1% |
| Increased | GARTNER INC (IT) | 0.0% | 0.0% | 0.0 pts | +82,800 sh | +237% |
| Increased | INTEL CORP (INTC) | 3.0% | 2.5% | −0.5 pts | +887K sh | +1% |
| Reduced | BANK AMERICA CORP (BAC) | 0.3% | 0.3% | 0.0 pts | −1.01M sh | −8% |
| Reduced | GOLDMAN SACHS GROUP INC (GS) | 0.1% | 0.1% | 0.0 pts | −89,700 sh | −26% |
| Increased | ELANCO ANIMAL HEALTH INC (ELAN) | 0.6% | 0.6% | 0.0 pts | +2.28M sh | +5% |
| Reduced | NUTANIX INC (NTNX) | 0.2% | 0.2% | 0.0 pts | −595K sh | −12% |
| Reduced | SONY GROUP CORP (SONY) | 1.7% | 1.4% | −0.3 pts | −428K sh | −2% |
| Increased | NEW FORTRESS ENERGY INC (NFE) | 0.1% | 0.1% | 0.0 pts | +1.18M sh | +34% |
| Increased | ALBEMARLE CORP (ALB) | 0.4% | 0.4% | 0.0 pts | +248K sh | +7% |
| Reduced | HESS CORP (HES) | 0.9% | 0.9% | 0.0 pts | −213K sh | −3% |
| Reduced | MATTEL INC (MAT) | 0.6% | 0.6% | 0.0 pts | −1.61M sh | −4% |
| Increased | TRANSOCEAN LTD (RIG) | 0.3% | 0.3% | 0.0 pts | +5.04M sh | +10% |
| Increased | DISNEY WALT CO (DIS) | 0.4% | 0.6% | +0.1 pts | +248K sh | +4% |
| Reduced | CSX CORP (CSX) | 0.1% | 0.1% | 0.0 pts | −800K sh | −24% |
The 50 largest of 288 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 37.2% of the equity book
No changes in the top 10 this quarter
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ELI LILLY & CO (LLY) | 10.2% | 12.3% | |
| 2 | MICRON TECHNOLOGY INC (MU) | 2.5% | 3.3% | |
| 3 | MICROSOFT CORP (MSFT) | 3.1% | 3.2% | |
| 4 | AMGEN INC (AMGN) | 3.3% | 3.1% | |
| 5 | KLA CORP (KLAC) | 2.7% | 3.0% | |
| 6 | FEDEX CORP (FDX) | 2.6% | 2.8% | |
| 7 | BIOGEN INC (BIIB) | 3.3% | 2.6% | |
| 8 | INTEL CORP (INTC) | 3.0% | 2.5% | |
| 9 | ADOBE INC (ADBE) | 2.8% | 2.2% | |
| 10 | ASTRAZENECA PLC (AZN) | 2.3% | 2.2% |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).