PRIMECAP Management Portfolio

PRIMECAP Management portfolio overview: Focused investment in technology and healthcare stocks, reflecting a preference for durable growth, competitive advantages, and long-term value creation. The firm’s top five holdings highlight key market themes across semiconductors, biotech/pharma, consumer electronics, and leading internet platforms.
1) Micron Technology Inc. — Memory semiconductor investment tied to AI-driven compute demand, data center expansion, and cycle recovery potential within the chip sector.
2) Intel Corp. — Major technology stock position centered on process leadership efforts, platform innovation, and an inflection opportunity as execution improves in foundry and core businesses.
3) Lilly (Eli) & Co — Healthcare investment with emphasis on blockbuster biopharmaceutical pipelines, strong pricing power dynamics, and long-duration demand drivers in diabetes and obesity-related therapies.
4) Sony Corporation (ADR) — Consumer tech and entertainment investment spanning gaming, imaging sensors, and content/creative assets, supported by diversified cash flow streams and brand strength.
5) Alphabet Inc. (Ordinary Shares, Class A) — Core internet platform investment leveraging search advertising resilience, cloud growth prospects, and scalable AI capabilities across services ecosystems.