PRIMECAP Management acquired 11.9 Million Fedex shares worth $2.6 Billion. That's 2.08% of their equity portfolio (9th largest holding). The investor owns 4.94% of the outstanding Fedex stock. The first Fedex trade was made in Q1 2013. Since then PRIMECAP Management bought shares nine more times and sold shares on 39 occasions. The stake costed the investor $1.34 Billion, netting the investor a gain of 94% so far.
Revenue and margins improved in a challenging operating environment. Management believes delivery volumes will improve through the year.
Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” first quarter 2024 investor letter. A copy of the letter can be dow...
Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” fourth quarter 2023 investor letter. A copy of the same can be down...
Howard Capital Management Group LLC lifted its stake in shares of FedEx Co. (NYSE:FDX – Free Report) by 0.8% in the 3rd quarter, according to the company in ...