To see what has changed, two things I look at are historical industry weights and style trail. SEC form, multiple filers or classes of filers, and much more.***. The firm is dedicated to a single purpose: to be one of the best (prime) capital management companies in the country. Get contact details including emails and phone numbers Before you invest in any PRIMECAP Odyssey Fund, please refer to the. PRIMECAP Odyssey Funds. Management has a good spread of experience levels from co-founder Theo Kolokotrones on down. Mr. Fried received his undergraduate degree in Economic Systems/Science from the University of California, Los Angeles and is a graduate of UCLA Anderson School of Management. Investment Advisor PrimeCap Lending is a progressive and fierce competitor in the mortgage banking business. As you can see, the centroid has moved from the middle of growth to the middle of blend in just five years. Theyve been so successful that only Primecap Odyssey Stock (POSKX) and Primecap Odyssey Growth (POGRX) are open to new investors. Located on a single floor of an unexceptional office building in a Los Angeles suburb, Primecap is one of the best fund shops you've never heard of. PRIMECAP Management Company has managed the fund since 1984. The PRIMECAP Management Company management team includes Joseph Holt (Investment Analyst) . Get Contact Info for All Departments. Prior to joining PRIMECAP, he spent one year as a financial analyst with Hughes Investment Management Company, a wholly-owned subsidiary of Hughes Aircraft. Yet Primecap has stayed with the stocks it likes. Limiting our client relationships to twenty-five enables our investment professionals to focus on our core competency, investment management. PASADENA, CA These products and services are usually sold through license agreements or subscriptions. PRIMECAP Management Company manages only equity portfolios for a select group of employee benefit plans, endowment funds, foundations, and the Vanguard Group. {{ userNotificationState.getAlertCount('bell') }}. The fund invests in . Thats important because you dont want to face a cliff edge when a couple of people approach retirement age. Terms of Service apply. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. PRIMECAP Management Company is the second largest shareholder owning 5.2% of common stock, and Cevian Capital AB holds about 4.6% of the company stock. Location. (626) 304-9222. PRIMECAP Management Company But overall, they were modestly underweight in technology in a year when tech was the only place to be and massively underweight the big winners like Apple and Amazon, which represent 11% and 8%, respectively, of the Russell 1000 Growth Index. Contact. It is a California corporation registered with the Securities and Exchange Commission as an investment advisor under the Investment Advisers Act of 1940. By holding on to its favorite stocks and industries, Primecap didnt follow the rising valuations and growth rates that would have kept it in growth even as most of its large-growth peers did. The firm's goal is to provide superior long-term investment results and to satisfy the specific requirements and objectives of its clients. if (isexpanded[from]) { There are three, each a fairly close match for the three Vanguard funds advised by PRIMECAP: Vanguard PRIMECAP Fund - Odyssey Growth (POGRX) Vanguard PRIMECAP Core Fund - Odyssey Stock (POSKX) Vanguard Capital Opportunity - Odyssey Aggressive Growth (POAGX) POGRX and POSKX are open to new investors. In 1999, he was an associate at Andersen Consulting. I.R.S. Primecap Management Company is in the industry of Investment Management. Primecapmanagement has 12 followers on Owler. In other cases, I usually wouldnt own three in order to avoid overlap; here, it underscores my conviction. PRIMECAP Odyssey Funds. 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Instead, Primecap was overweight more modestly priced names like Adobe (ADBE) and Intel(INTC). That isn't easy for a $100 billion firm . Primecaps long-term focus also means the managers worry less about one years underperformance. Over the past five years, no managers have left. Managing investment portfolios is PRIMECAP's only business. Primecap Management Co. History: PRIMECAP Management Company was founded in September 1983 in Pasadena, California, as an independent investment management company. Provide specific products and services to you, such as portfolio management or data aggregation. .mainrow { background-color: #FFFFEE; padding-top: 3px; padding-bottom: 3px; padding-left:0; padding-right:3px; border-top: 1px dotted #666666; } This is the PrimeCap Lending company profile. All structured data from the main, Property, Lexeme, and EntitySchema namespaces is available under the Creative Commons CC0 License; text in the other namespaces is available under the . PRIMECAP Odyssey Funds corporate office is located in 615 E.michigan St Fl 3, Milwaukee, Wisconsin, 53202, United States and has 62 employees. Copyright 2023 Morningstar, Inc. All rights reserved. It is a California corporation registered as an investment advisor under the Investment Advisers Act of 1940. . PRIMECAP is a long-only, equity-only investment management company that is the investment advisor for each of the three PRIMECAP Odyssey Funds. Copyright Money Manager Review , The money raised by . But the most impressive part of its space program is its cost-effectiveness. The team runs three funds for Vanguard and three under its own Primecap Odyssey label, all of which have Morningstar Analyst Ratings of Gold. We rely on the individual thinking of each of our portfolio managers. 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. Mr. Ansari is also a graduate of the Harvard Graduate School of Business Administration. Primecap did have some of the big winners. Fund Advisor (s)PRIMECAP Management Company. Primecap Management Co. CA raised its stake in shares of BeiGene by 8.7% in the second quarter. Fund Description. Notes: For the three-year period ended September 30, 2022, 6 of 6 Vanguard money market funds, 63 of 114 bond funds, 25 of 31 balanced funds, and 153 of 219 stock funds (in total, 247 of 370 Vanguard funds . Website. Theo Kolokotrones. PRIMECAP Odyssey Funds. Unlike other government space organizations, India's agency is extremely efficient, with the lowest cost-per-kilogram in the industry. The smaller circles are from the beginning of the time period, and the bigger are the most recent. Its emphasis on deep fundamental research in an area often given over to Wall Street hype has proved remarkably successful. to fundamental research, long-term investment horizon, emphasis on individual decision-making, and focus on value. We recognize that our competency is investment management, not administration. It currently has a 1 . From 1994 to 1998, he worked at Weyerhaeuser Company on various assignments ranging from managing capital projects to coordinating production at mills. Directions. Looking for a particular PRIMECAP Management Company employee's phone or email? Who is Primecap Management Company's Chief Operations Officer? OF ABOVE PERSON (ENTITIES ONLY) 95-3868081. Their last reported 13F filing for Q4 2022 included $109,229,662,042 in managed 13F securities The firm provides its services to investment companies, pooled investment vehicles, pension and profit sharing plans, charitable organizations, and sovereign wealth funds. The firm invests in value stocks of small-cap, mid-cap, and large-cap companies. Primecap Management Company is a large advisory firm with 24 clients and discretionary assets under management (AUM) of $153,658,443,874 (Form ADV from 2022-03-30). The fund was incepted in November 1984 and is managed by the Primecap Management Company. Good news: The people here havent changed. Looking for a particular PRIMECAP Management Company employee's phone or email? Find John's email address, mobile number, work history, and more. Prior to joining Motorola, John worked as a financial analyst for his current employer, PRIMECAP Management Company. Bloomberg Surveillance, covering the latest news in finance, economics and investments. The story on style is a little tricky, though. Primecap Management Company's CEO is Alexander Sokolowsky. The three most experienced managers have more than $1 million each in all six funds. California. Looking for a particular PRIMECAP Management Company employee's phone or email? All rights Reserved. Primecap Management Company's largest holding is Lilly (Eli) & Co. with shares held of 25,892,025. The circles represent the middle of the portfolio, or the centroid. Co-Chief Executive Officer, Trustee, and Portfolio Manager, In 1999, he was an associate at Andersen Consulting. 13F filing from PRIMECAP MANAGEMENT COMPANY, enter your Growth managers are largely paid to beat growth indexes, so avoiding those names is a big risk for wallet and employment. 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%. Get contact details including emails and phone numbers to see more advanced email alert options such as selecting any type of isexpanded[from] = !isexpanded[from]; Primecap Management Co. CA holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Primecap Management Co. CA 13F filings. From 1970 to 1977, he was Vice President and Senior Financial Analyst at Smith Barney, Harris Upham and Company in New York. Vanguard has deliveredour funds have outperformed the average returns of their peer funds over the short term and the long term. Mr. Ansari joined PRIMECAP Management Company in July 2000. The Primecap managers clearly value growth and competitive advantages, but they dont give much thought to peers or the Russell 1000 Growth. 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. .hiderow { Primecap Management Company has met the qualifications for inclusion in our WhaleScore system. If you look at the past ten years, supposedly a period when - according to the article - Primecap's selection of healthcare stocks resulted in significant outperformance - it seems that Primecap (regular and Core) pretty much mirrors the performance of a number of Fidelity growth funds (Contra, Growth Company, etc.) Analyst ) Joseph Holt ( investment Analyst ) investment Advisers Act of.. Intel ( INTC ) our client relationships to twenty-five enables our investment professionals to focus our... Banking business BeiGene by 8.7 % in the industry 's phone or?... Management Company spread of experience levels from co-founder Theo Kolokotrones on down Vice President and Senior Analyst. When a couple of people approach retirement age Company employee 's phone email... Objectives of its space program is its cost-effectiveness Analyst at Smith Barney, Harris and. The time period, and portfolio Manager, in 1999, he was an associate at Consulting... 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