Primecap Management Co.

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q2 2024Q1 2024

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Primecap Management Co. reported 336 stock positions worth $136.0 billion. Its top holding was Eli Lilly (LLY) at 11.5% of the portfolio, followed by Amgen (AMGN, 3.4%) and Microsoft (MSFT, 3.1%). Compared with Q2 2024, it opened 6 new positions, sold out of 3, added to 69 and reduced 204. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +0%) and the biggest sale Eli Lilly (LLY, shares −10%).

Most Recent 13F: Q2 2026
Location: PASADENA, CA
CIK: 0000763212
Portfolio Value: $136.0B (Q3 2024)
SEC Filing: 0001085146-24-005460 ↗ filed Nov 8, 2024

Holdings Value

Holdings 336 stocks · $136.0B


LLY Eli Lilly & Co.	11.52%	17,690,508	$15.7B	Reduce -9.8%
AMGN Amgen Inc.	3.38%	14,255,941	$4.6B	Reduce -1.3%
MSFT Microsoft Corp.	3.12%	9,847,015	$4.2B	Reduce -2.0%
KLAC KLA Corp.	3.02%	5,301,519	$4.1B	Reduce -3.9%
MU Micron Technology Inc.	2.87%	37,631,860	$3.9B	Add +0.6%
FDX FedEx Corp.	2.56%	12,709,330	$3.5B	Reduce -0.6%
AZN Astrazeneca PLC-Spons ADR	2.40%	41,980,045	$3.3B	Reduce -1.4%
BSX Boston Scientific Corp.	2.33%	37,826,500	$3.2B	Reduce -0.3%
BIIB Biogen Inc.	2.33%	16,315,079	$3.2B	Reduce -0.1%
GOOGL Alphabet Inc. Class A	2.28%	18,692,890	$3.1B	Reduce -1.1%
TXN Texas Instruments Inc.	2.26%	14,903,760	$3.1B	Reduce -2.9%
ADBE Adobe Inc.	2.16%	5,681,096	$2.9B	Reduce -0.9%
NVDA Nvidia Corp.	1.92%	21,468,280	$2.6B	Reduce -0.9%
BABA Alibaba Group Holding-SP ADR	1.71%	21,917,552	$2.3B	Add +0.2%
TSLA Tesla Inc.	1.68%	8,718,685	$2.3B	Reduce -1.2%
ORCL Oracle Corp.	1.58%	12,633,550	$2.2B	Reduce -1.7%
GOOG Alphabet Inc. Class C	1.52%	12,392,730	$2.1B	Reduce -1.1%
SONY Sony Group Corp. - SP ADR	1.51%	21,270,923	$2.1B	Reduce -1.0%
INTC Intel Corp.	1.33%	77,267,112	$1.8B	Reduce -0.7%
WFC Wells Fargo & Co.	1.33%	32,015,964	$1.8B	Reduce -13.9%
NTAP Netapp Inc.	1.22%	13,427,406	$1.7B	Reduce -2.6%
TMO Thermo Fisher Scientific Inc.	1.17%	2,574,877	$1.6B	Reduce -3.5%
ROST Ross Stores Inc.	1.17%	10,535,967	$1.6B	Reduce -1.1%
LUV Southwest Airlines Co.	1.08%	49,669,524	$1.5B	Reduce -0.5%
RJF Raymond James Financial Inc.	1.08%	11,976,412	$1.5B	Reduce -0.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW	1.06%	12,306,667	$1.4B	Reduce -1.2%
FLEX Flex Ltd.	1.06%	43,191,034	$1.4B	Reduce -2.5%
NVS Novartis AG-Sponsored ADR	1.02%	12,008,055	$1.4B	Reduce -1.4%
UAL United Airlines Holdings Inc.	0.99%	23,571,002	$1.3B	Reduce -0.7%
BMRN Biomarin Pharmaceutical Inc.	0.98%	18,867,435	$1.3B	Add +0.4%
ACM Aecom	0.95%	12,511,207	$1.3B	Reduce -3.9%
BIDU Baidu Inc. - Spon ADR	0.94%	12,123,856	$1.3B	Add +1.5%
BMY Bristol-Myers Squibb Co.	0.89%	23,369,570	$1.2B	Reduce -0.6%
JPM JPMorgan Chase & Co.	0.88%	5,647,265	$1.2B	Add +1.1%
DAL Delta Air Lines Inc.	0.84%	22,404,523	$1.1B	Reduce -0.1%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD	0.82%	4,974,289	$1.1B	Reduce -0.2%
V Visa Inc. Class A	0.81%	4,017,070	$1.1B	Reduce -0.7%
HES Hess Corp.	0.79%	7,914,945	$1.1B	Reduce -2.3%
INTU Intuit Inc.	0.75%	1,647,036	$1.0B	Reduce -1.5%
RCL Royal Caribbean Cruises Ltd.	0.62%	4,781,143	$848.0M	Reduce -1.9%
QCOM Qualcomm Inc.	0.61%	4,885,653	$830.8M	Reduce -1.3%
XOM Exxon Mobil Corp.	0.61%	7,084,552	$830.5M	Reduce -16.8%
ADI Analog Devices Inc.	0.61%	3,578,150	$823.6M	Reduce -0.7%
AMZN Amazon.com Inc.	0.60%	4,405,650	$820.9M	Add +1.0%
HPQ HP Inc.	0.59%	22,340,440	$801.4M	Reduce -0.5%
ELAN Elanco Animal Health Inc.	0.57%	52,575,502	$772.3M	Reduce -0.4%
TDG Transdigm Group Inc.	0.54%	513,194	$732.4M	Add +0.2%
MAT Mattel Inc.	0.53%	37,891,101	$721.8M	Reduce -1.6%
J Jacobs Solutions Inc.	0.51%	5,271,282	$690.0M	Reduce -5.6%
AAL American Airlines Group Inc.	0.47%	57,339,666	$644.5M	Add +0.8%
HPE Hewlett Packard Enterprise	0.47%	31,354,856	$641.5M	Reduce -1.3%
MRSH Marsh & McLennan Cos	0.47%	2,868,741	$640.0M	Reduce -0.1%
NTRS Northern Trust Corp.	0.47%	7,085,117	$637.9M	Add +0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.46%	6,435,934	$619.1M	Reduce -0.9%
GSK GSK PLC-Spon ADR	0.45%	14,853,755	$607.2M	Add +2.4%
CAT Caterpillar Inc.	0.43%	1,485,456	$581.0M	Reduce -8.5%
AMAT Applied Materials Inc.	0.41%	2,742,283	$554.1M	Reduce -4.0%
ZBH Zimmer Biomet Holdings Inc.	0.39%	4,971,380	$536.7M	Reduce -1.6%
BNTX Biontech SE-ADR	0.39%	4,516,518	$536.4M	Reduce -5.7%
AAPL Apple Inc.	0.39%	2,260,500	$526.7M	Add +0.4%
WHR Whirlpool Corp.	0.38%	4,836,290	$517.5M	Reduce -0.5%
PYPL PayPal Holdings Inc.	0.35%	6,015,816	$469.4M	Add +21.6%
TXT Textron Inc.	0.34%	5,280,355	$467.7M	Reduce -0.6%
ASML ASML Holding NV-NY Reg SHS	0.34%	553,209	$461.0M	Reduce -3.4%
COP Conocophillips	0.33%	4,320,905	$454.9M	Add +48.9%
JBL Jabil Inc.	0.33%	3,692,560	$442.5M	Add +0.3%
META Meta Platforms Inc. Class A	0.30%	723,400	$414.1M	Add +2.4%
CME Cme Group Inc.	0.30%	1,861,690	$410.8M	Add +3.3%
KMX Carmax Inc.	0.30%	5,283,834	$408.9M	Reduce -2.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.30%	10,228,232	$405.9M	Reduce -1.1%
UNP Union Pacific Corp.	0.29%	1,605,010	$395.6M	Add +0.1%
UPS United Parcel Service Class B	0.29%	2,857,715	$389.6M	Reduce -1.2%
OLED Universal Display Corp.	0.29%	1,849,382	$388.2M	Reduce -2.4%
GLW Corning Inc.	0.28%	8,558,519	$386.4M	Reduce -0.0%
RYTM Rhythm Pharmaceuticals Inc.	0.28%	7,216,911	$378.1M	Reduce -1.3%
SYY Sysco Corp.	0.28%	4,796,439	$374.4M	Add +9.7%
ALB Albemarle Corp.	0.27%	3,833,984	$363.1M	Add +0.6%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS	0.27%	47,781,999	$362.2M	Reduce -1.0%
PGR Progressive Corp.	0.27%	1,421,080	$360.6M	Reduce -0.8%
MKTX Marketaxess Holdings Inc.	0.25%	1,338,922	$343.0M	Add +0.6%
EOG EOG Resources Inc.	0.25%	2,722,937	$334.7M	Reduce -1.3%
ENTG Entegris Inc.	0.24%	2,952,387	$332.2M	Reduce -0.1%
ILMN Illumina Inc.	0.24%	2,516,359	$328.2M	Add +3.6%
CSCO Cisco Systems Inc.	0.22%	5,706,809	$303.7M	Reduce -1.6%
LIVN Livanova PLC	0.22%	5,627,806	$295.7M	Reduce -5.9%
NXT Nextpower Inc. filed as NEXTRACKER INC	0.22%	7,844,407	$294.0M	Reduce -1.8%
A Agilent Technologies Inc.	0.21%	1,905,840	$283.0M	Reduce -2.6%
TRMB Trimble Inc.	0.21%	4,528,666	$281.2M	Reduce -3.3%
CW Curtiss-Wright Corp.	0.20%	822,490	$270.3M	Reduce -8.7%
TER Teradyne Inc.	0.19%	1,965,835	$263.3M	Reduce -3.6%
GD General Dynamics Corp.	0.18%	798,440	$241.3M	Reduce -1.0%
NTNX Nutanix Inc. Class A	0.18%	4,044,733	$239.7M	Reduce -3.5%
RIG Transocean Ltd.	0.18%	56,342,169	$239.5M	Add +0.4%
DD Dupont DE Nemours Inc.	0.17%	2,659,526	$237.0M	Reduce -0.6%
DSGX The Descartes Systems Grp	0.16%	2,114,381	$217.7M	Reduce -5.5%
DLTR Dollar Tree Inc.	0.16%	3,030,845	$213.1M	Add +5.5%
MA Mastercard Inc. Class A	0.15%	419,400	$207.1M	No change
CVS CVS Health Corp.	0.15%	3,211,025	$201.9M	Reduce -4.5%
TW Tradeweb Markets Inc. Class A	0.15%	1,596,150	$197.4M	Reduce -0.4%
XPEV Xpeng Inc. - ADR	0.14%	15,953,045	$194.3M	Reduce -2.9%

Show all 336 holdings

Portfolio Sells Q2 2024 → Q3 2024


LLY Eli Lilly & Co.	Reduce -9.8%	11.52%	−1.34
BIIB Biogen Inc.	Reduce -0.1%	2.33%	−0.42
INTC Intel Corp.	Reduce -0.7%	1.33%	−0.41
KLAC KLA Corp.	Reduce -3.9%	3.02%	−0.27
WFC Wells Fargo & Co.	Reduce -13.9%	1.33%	−0.27
FDX FedEx Corp.	Reduce -0.6%	2.56%	−0.22
GOOGL Alphabet Inc. Class A	Reduce -1.1%	2.28%	−0.21
ADBE Adobe Inc.	Reduce -0.9%	2.16%	−0.14
GOOG Alphabet Inc. Class C	Reduce -1.1%	1.52%	−0.14
MSFT Microsoft Corp.	Reduce -2.0%	3.12%	−0.13
QCOM Qualcomm Inc.	Reduce -1.3%	0.61%	−0.10
XOM Exxon Mobil Corp.	Reduce -16.8%	0.61%	−0.10
ASML ASML Holding NV-NY Reg SHS	Reduce -3.4%	0.34%	−0.09
AMAT Applied Materials Inc.	Reduce -4.0%	0.41%	−0.08
HES Hess Corp.	Reduce -2.3%	0.79%	−0.07
NTAP Netapp Inc.	Reduce -2.6%	1.22%	−0.07
J Jacobs Solutions Inc.	Reduce -5.6%	0.51%	−0.06
NXT Nextpower Inc.	Reduce -1.8%	0.22%	−0.06
ENTG Entegris Inc.	Reduce -0.1%	0.24%	−0.05
INTU Intuit Inc.	Reduce -1.5%	0.75%	−0.04
LPLA LPL Financial Holdings Inc.	Reduce -82.5%	0.01%	−0.04
EW Edwards Lifesciences Corp.	Reduce -1.4%	0.09%	−0.03
PINS Pinterest Inc. Class A	Reduce -1.1%	0.10%	−0.03
FORM Formfactor Inc.	Reduce -1.3%	0.10%	−0.03
BBWI Bath & Body Works Inc.	Reduce -2.1%	0.13%	−0.03
C Citigroup Inc.	Reduce -17.1%	0.14%	−0.03
CRWD CrowdStrike Holdings Inc. Class A	Reduce -31.7%	0.03%	−0.03
ACLS Axcelis Technologies Inc.	Reduce -1.6%	0.08%	−0.03
EVR Evercore Inc. Class A	Reduce -42.0%	0.07%	−0.03
TER Teradyne Inc.	Reduce -3.6%	0.19%	−0.03
MBLY Mobileye Global Inc. Class A	Reduce -8.5%	0.02%	−0.02
NVDA Nvidia Corp.	Reduce -0.9%	1.92%	−0.02
LOW Lowe's Cos Inc.	Sold out	0.00%	−0.02
LIVN Livanova PLC	Reduce -5.9%	0.22%	−0.02
OKTA Okta Inc.	Reduce -1.1%	0.07%	−0.02
HPE Hewlett Packard Enterprise	Reduce -1.3%	0.47%	−0.02
DIS The Walt Disney Co.	Reduce -0.9%	0.46%	−0.01
MXL Maxlinear Inc.	Reduce -9.4%	0.02%	−0.01
VLO Valero Energy Corp.	Reduce -35.6%	0.01%	−0.01
ARM Arm Holdings PLC-ADR	Reduce -4.2%	0.06%	−0.01
WEX Wex Inc.	Reduce -29.6%	0.04%	−0.01
BURL Burlington Stores Inc.	Reduce -16.6%	0.10%	−0.01
WDC Western Digital Corp.	Reduce -2.9%	0.06%	−0.01
SCHW Schwab (charles) Corp.	Reduce -2.1%	0.05%	−0.01
NBIX Neurocrine Biosciences Inc.	Reduce -1.3%	0.03%	−0.01
CTRA Coterra Energy Inc.	Reduce -0.9%	0.06%	−0.01
DELL Dell Technologies -C	Reduce -1.6%	0.04%	−0.01
FIBROGEN INC	Reduce -27.4%	0.00%	−0.01
DHR Danaher Corp.	Reduce -52.3%	0.01%	−0.01
AMTM Amentum Holdings Inc.	Reduce -5.6%	0.13%	−0.01

Portfolio Buys Q2 2024 → Q3 2024


BABA Alibaba Group Holding-SP ADR	Add +0.2%	1.71%	+0.57
BIDU Baidu Inc. - Spon ADR	Add +1.5%	0.94%	+0.19
PYPL PayPal Holdings Inc.	Add +21.6%	0.35%	+0.14
COP Conocophillips	Add +48.9%	0.33%	+0.09
TDG Transdigm Group Inc.	Add +0.2%	0.54%	+0.06
MKTX Marketaxess Holdings Inc.	Add +0.6%	0.25%	+0.06
JPM JPMorgan Chase & Co.	Add +1.1%	0.88%	+0.06
ILMN Illumina Inc.	Add +3.6%	0.24%	+0.06
SYY Sysco Corp.	Add +9.7%	0.28%	+0.05
META Meta Platforms Inc. Class A	Add +2.4%	0.30%	+0.05
CME Cme Group Inc.	Add +3.3%	0.30%	+0.05
AAPL Apple Inc.	Add +0.4%	0.39%	+0.04
PFGC Performance Food Group Co.	Add +29.1%	0.12%	+0.04
CPRI Capri Holdings Ltd.	Add +14.2%	0.13%	+0.04
GSK GSK PLC-Spon ADR	Add +2.4%	0.45%	+0.04
NTRS Northern Trust Corp.	Add +0.5%	0.47%	+0.04
XMTR Xometry Inc. Class A	Add +1.7%	0.09%	+0.04
JBL Jabil Inc.	Add +0.3%	0.33%	+0.04
UNP Union Pacific Corp.	Add +0.1%	0.29%	+0.03
ELF Elf Beauty Inc.	New	0.03%	+0.03
ADSK Autodesk Inc.	Add +3.8%	0.14%	+0.02
CMA Comerica Inc.	New	0.02%	+0.02
NWL Newell Brands Inc.	Add +4.8%	0.08%	+0.02
GKOS Glaukos Corp.	Add +2.0%	0.12%	+0.01
BRBR Bellring Brands Inc.	New	0.01%	+0.01
OTIS Otis Worldwide Corp.	Add +0.0%	0.14%	+0.01
ZM Zoom Communications Inc.	Add +0.7%	0.07%	+0.01
XNCR Xencor Inc.	Add +0.2%	0.14%	+0.01
MRVL Marvell Technology Inc.	Add +5.4%	0.10%	+0.01
MOG.A Moog Inc. Class A	Add +2.6%	0.05%	+0.01
IMCR Immunocore Holdings PLC-ADR	Add +26.7%	0.06%	+0.01
USFD US Foods Holding Corp.	Add +145.4%	0.01%	+0.01
VSEC Vse Corp.	New	0.01%	+0.01
CRM Salesforce Inc.	Add +0.1%	0.10%	+0.01
GTM Zoominfo Technologies Inc.	Add +97.6%	0.02%	+0.01
AAL American Airlines Group Inc.	Add +0.8%	0.47%	+0.01
BNY Bank of New York Mellon Corp.	Add +1.2%	0.04%	+0.01
IQV Iqvia Holdings Inc.	Add +0.2%	0.06%	+0.01
OS Onestream Inc.	New	0.01%	+0.01
TSN Tyson Foods Inc. Class A	Add +28.7%	0.02%	+0.01
OSIS Osi Systems Inc.	Add +5.0%	0.03%	+0.00
UBER Uber Technologies Inc.	Add +2.0%	0.07%	+0.00
STX Seagate Technology Holdings	Add +3.3%	0.05%	+0.00
DOCU Docusign Inc.	Add +7.8%	0.02%	+0.00
U Unity Software Inc.	Add +7.1%	0.01%	+0.00
INDI Indie Semiconductor Inc. Class A	Add +61.4%	0.07%	+0.00
GTLS Chart Industries Inc.	Add +56.7%	0.01%	+0.00
HCAT Health Catalyst Inc.	Add +1.1%	0.01%	+0.00
ALB Albemarle Corp.	Add +0.6%	0.27%	+0.00
CASY Casey's General Stores Inc.	Add +17.6%	0.02%	+0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	324	$169.1B	MU, LLY, INTC, KLAC, GOOGL
Q1 2026	320	$127.0B	LLY, MU, GOOGL, AZN, KLAC
Q4 2025	319	$132.1B	LLY, MU, GOOGL, MSFT, KLAC
Q3 2025	327	$130.6B	LLY, MU, MSFT, GOOGL, KLAC
Q2 2025	333	$126.2B	LLY, MSFT, KLAC, MU, BSX
Q1 2025	335	$121.0B	LLY, AMGN, BSX, MSFT, KLAC
Q4 2024	329	$129.1B	LLY, MSFT, FDX, AMGN, BSX
Q3 2024	336	$136.0B	LLY, AMGN, MSFT, KLAC, MU
Q2 2024	332	$138.1B	LLY, MU, KLAC, AMGN, MSFT
Q1 2024	335	$134.1B	LLY, MU, MSFT, AMGN, KLAC