Published on 10 Feb 2024 on GuruFocus.com via Yahoo Finance
PRIMECAP Management's Strategic Exits and New Positions Highlight Q4 Moves
Seagen Inc. Sale Marks Notable Portfolio Change for PRIMECAP Management (Trades, Portfolio)
PRIMECAP Management (Trades, Portfolio), an esteemed investment firm known for its value-driven approach and long-term investment horizon, has revealed its 13F filings for the fourth quarter of 2023. Founded in 1983 and based in Pasadena, CA, PRIMECAP specializes in managing US equity portfolios for institutions and mutual funds. The firm's investment philosophy is anchored in four key principles: individual decision-making, rigorous fundamental research, a long-term perspective, and a keen focus on value. PRIMECAP's multi-counselor model allows each portfolio manager to independently manage a segment of the fund, fostering a diverse range of investment strategies under one roof. The firm is adept at identifying undervalued stocks, particularly in sectors that are currently out of favor, and patiently waits for the market to align with its valuation assessments.
