PRIMECAP Management acquired 8.16M Fedex shares worth $2.51B. That's 1.57% of their equity portfolio (15th largest holding). The investor owns 3.41% 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 44 occasions. The stake costed the investor $736M, netting the investor a gain of 242% so far.