Prime Cap Management Buys Verisign, Sells Michael Kors

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Prime Cap Management Buys Verisign, Sells Michael Kors

Prime Cap Management, an independent investment management company managing the Vanguard’s PRIMECAP Fund, Vanguard Capital Opportunity Fund,Vanguard PRIMECAP Core Fund., and PRIMECAP ODYSSEY FUNDS filed its 13F with the Securities and Exchange Commission (SEC) for the third quarter of 2012.

Mitchell J. Milias is the chairman, director, principal, and portfolio manager of Prime Cap Management. The company purchased 13 new stocks, increased its stakes in 63 stocks, reduced its holdings in 135 stocks, and sold out 9 stocks. Its portfolio is worth approximately $59.174 billion, as of September 30 2012. Its top 10 holdings represent 36.51 percent of its entire portfolio.

Major New Holdings:

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Prime Cap Management’s major new positions include Luminex Corporation (NASDAQ:LMNX), Matson Inc, Dyax Corp. (NASDAQ:DYAX), V.F. Corporation (NYSE:VFC), and Comerica Incorporated (NYSE:CMA).

The company purchased 2,495, 582 shares of Luminex Corporation (NASDAQ:LMNX) with $48,514,115 market value; 1,182,432 shares of MATX worth $34,917,365, while its 8,732,900 shares in DYAX have $22,705,539 market value. Prime Cap Management acquired 145,820 VFC stocks worth $23,237,875 and its 136,000 shares in CMA is worth $4,222,800.

Prime Cap Management’s other new positions include:

  • Verisign, Inc. (NASDAQ:VRSN)- 95,000 shares worth $4, 625,550
  • Vitran Corporation, Inc. (NASDAQ:VTNC) – 519,607 shares worth $3,071,137
  • Peregrine Semiconductor Corp (NASDAQ:PSMI)- 56,600 shares worth $ 958,804
  • Thomson Corp – 200,000 shares worth $5,772,000
  • Five Below Inc (NASDAQ:FIVE)- 52,100 shares worth $2, 036,068
  • Fluidigm Corporation (NASDAQ:FLDM)- 223,250 shares worth $3,795,250
  • ExactTarget Inc (NYSE:ET)- 55,000 shares worth $1,332,100
  • Cerner Corporation (NASDAQ:CERN)- 10,500 shares worth $812,577 shares

Reduced:

The firm reduced its stakes in the following technology companies:

  •  AECOM Technology Corp (NYSE:ACM)- 3,452, 100 shares
  • Accenture Plc (NYSE:ACN)- 3,979,150 shares
  • Adobe Systems Incorporated (NASDAQ:ADBE)- 42,911,390 shares
  • Amazon.com, Inc. (NASDAQ:AMZN)- 42,800 shares
  • Cisco Systems, Inc. (NASDAQ:CSCO)- 2,296, 139 shares
  • Dell Inc. (NASDAQ:DELL)- 400,000 shares
  • Google Inc (NASDAQ:GOOG)- 3,247,067 shares
  • Hewlett-Packard Company (NYSE:HPQ) – 12,137,683 shares
  • Intel Corporation (NASDAQ:INTC)- 19,438,001 shares
  • NVIDIA Corporation (NASDAQ:NVDA)- 18,952,800 shares

Sold Out

Prime Cap Management closed its positions in the following companies:

  • Cameco Corporation (NYSE:CCJ)-
  • P.F. Chang’s China Bistro (NASDAQ:PFCB)
  • Mondelez International Inc (NASDAQ:MDLZ)
  • Peabody Energy Corporation (NYSE:BTU)
  • Urban Outfitters, Inc. (NASDAQ:URBN)
  • Dunkin Brands Group Inc (NASDAQ:DNKN)
  • Responsys Inc (NASDAQ:MKTG)
  • Michael Kors Holdings Ltd (NYSE:KORS

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