Style
GrowthTurnover
Orientation
Concentrated long-termPRIMECAP Management employs an active, growth-oriented strategy with very low turnover, reflecting a long-term, conviction-driven philosophy. The portfolio is heavily concentrated, with the top 15 holdings representing 43.6% of assets, led by Eli Lilly at 6.7% and Micron Technology at 5.8%, indicating high confidence in select names across technology and healthcare. Sector allocation underscores a pronounced tilt toward Technology at 29.4% and Healthcare at 21.5%, together accounting for over half the fund, while no other sector exceeds 12%. This positioning reveals a disciplined focus on scalable, high-conviction bets in innovative industries, consistent with a patient, research-intensive approach that eschews short-term trading.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Micron Technology Inc(MU) | 19,217,236 | $22.2B | 13.12% |
| 2 | ELI Lilly & Co(LLY) | 9,172,904 | $11.0B | 6.51% |
| 3 | Intel Corp(INTC) | 75,250,958 | $10.5B | 6.21% |
| 4 | KLA Corp(KLAC) | 20,536,730 | $6.2B | 3.66% |
Latest filing, equity positions only
| 5 |
| Alphabet Inc(GOOGL) |
| 14,859,769 |
| $5.3B |
| 3.14% |
| 6 | Flex LTD(FLEX) | 23,358,875 | $3.8B | 2.24% |
| 7 | Astrazeneca PLC(AZN) | 18,095,178 | $3.4B | 2.03% |
| 8 | Nvidia Corporation(NVDA) | 17,079,180 | $3.4B | 2.02% |
| 9 | Biogen Inc(BIIB) | 15,154,606 | $3.3B | 1.94% |
| 10 | Amazon COM Inc(AMZN) | 11,962,188 | $2.9B | 1.69% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 29.37% | 40.05% | +10.68% |
| Healthcare | 24.5% | 20.29% | -4.21% |
| Consumer Cyclical | 10.12% | 7.55% | -2.57% |
| Financial Services | 8.41% | 6.77% | -1.64% |
| Industrials | 11.98% | 11.1% | -0.88% |
| Communication Services | 6.15% | 5.34% | -0.81% |
| Energy | 2.03% | 1.24% | -0.79% |
| Unclassified | 5.26% | 6.04% | +0.78% |
| Basic Materials | 0.76% | 0.38% | -0.38% |
| Consumer Defensive | 1.33% | 1.15% | -0.18% |
| Real Estate | 0.09% | 0.07% | -0.02% |
| Utilities | 0.01% | 0.03% | +0.02% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 39.34% | 45.74% | +6.4% |
| Large Cap | 50.44% | 43.41% | -7.03% |
| Unclassified | 5.26% | 6.04% | +0.78% |
| Mid Cap | 4.34% | 4.22% | -0.12% |
| Small Cap | 0.61% | 0.58% | -0.03% |
| Micro Cap | 0.01% | 0.01% | 0% |
Quarter-over-quarter position changes