Primecap Management portfolio

What changed this quarter

187 positions with a change (6 new, 69 added to, 109 trimmed, 3 sold); also, 2 entered through an IPO, 3 exited through an acquisition or merger, 2 entered through a spin-off. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Micron Technology−12%fewer sharesReduced
  5.8% → 13.1%
• KLA−16%fewer sharesReduced
  2.8% → 3.7%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Micron TechnologyMU13.1%
• Eli LillyLLY6.5%
• IntelINTC6.2%
• AlphabetGOOGL · GOOG4.3%
• KLAKLAC3.7%
• FLEXFLEX2.2%
• AstrazenecaAZN2.0%
• NVIDIANVDA2.0%
• BiogenBIIB1.9%
• Amazon.comAMZN1.7%
• MicrosoftMSFT1.6%
• TeslaTSLA1.5%
• FedExFDX1.5%
• Texas InstrumentsTXN1.5%
• Southwest AirlinesLUV1.5%
• AmgenAMGN1.4%
• Charles SchwabSCHW1.4%
• United Airlines HoldingsUAL1.3%
• Boston ScientificBSX1.3%
• Ross StoresROST1.1%
• Alibaba Group HoldingBABA1.1%
• Delta Air LinesDAL1.0%
• VisaV0.9%
• Bristol-myers SquibbBMY0.8%
• TJXTJX0.8%
• Beone MedicinesONC0.8%
• Raymond James FinancialRJF0.8%
• NetAppNTAP0.8%
• GSKGSK0.8%
• American Airlines GroupAAL0.8%
• BaiduBIDU0.7%
• Analog DevicesADI0.7%
• JabilJBL0.7%
• ConocoPhillipsCOP0.7%
• Sony GroupSONY0.7%
• Elanco Animal HealthELAN0.7%
• JPMorgan ChaseJPM0.7%
• AdobeADBE0.6%
• Northern TrustNTRS0.6%
• CorningGLW0.6%
• NovartisNVS0.6%
• Thermo Fisher ScientificTMO0.6%
• CaterpillarCAT0.5%
• Marvell TechnologyMRVL0.5%
• BioMarin PharmaceuticalBMRN0.5%
• NextpowerNXT0.5%
• OracleORCL0.5%
• Hewlett Packard EnterpriseHPE0.5%
• Applied MaterialsAMAT0.4%
• IdexIEX0.4%
• ASML HoldingASML0.4%
• Walt DisneyDIS0.4%
• Royal Caribbean CruisesRCL0.4%
• XometryXMTR0.4%
• IlluminaILMN0.4%
• AecomACM0.4%
• FedEx Freight HoldingFDXF0.4%
• Advanced Micro DevicesAMD0.4%
• Jacobs SolutionsJ0.3%
• Cisco SystemsCSCO0.3%
• EntegrisENTG0.3%
• Wells FargoWFC0.3%
• TransDigm GroupTDG0.3%
• HPHPQ0.3%
• AppleAAPL0.3%
• Telefonaktiebolaget LM EricsERIC0.3%
• LindeLIN0.3%
• Dollar TreeDLTR0.3%
• Fair IsaacFICO0.3%
• GlaukosGKOS0.3%
• PayPal HoldingsPYPL0.2%
• CME GroupCME0.2%
• MattelMAT0.2%
• US Foods HoldingUSFD0.2%
• SynopsysSNPS0.2%
• Meta PlatformsMETA0.2%
• Marketaxess HoldingsMKTX0.2%
• Curtiss-wrightCW0.2%
• Booz Allen Hamilton HoldingBAH0.2%
• ChevronCVX0.2%
• Bank of New York MellonBNY0.2%
• DanaherDHR0.2%
• AlbemarleALB0.2%
• Marsh & Mclennan CompaniesMRSH0.2%
• Rhythm PharmaceuticalsRYTM0.2%
• BioNTechBNTX0.2%
• Palo Alto NetworksPANW0.2%
• LivaNovaLIVN0.2%
• NetflixNFLX0.2%
• MastercardMA0.2%
• Western DigitalWDC0.2%
• Zimmer Biomet HoldingsZBH0.2%
• CitigroupC0.2%
• Norfolk SouthernNSC0.2%
• SyscoSYY0.2%
• Edwards LifesciencesEW0.2%
• Performance Food GroupPFGC0.2%
• IntuitINTU0.2%
• MongodbMDB0.2%