PRIMECAP

Q1 2014 13F · by Joel Fried, portfolio manager

As of: Mar 31, 2014
Filed: May 14, 2014
US stock: $88.4B · prev $83.2B
Positions: 252 · prev 257
Options notional: $0
Documents: 1· no amendments

Picture95.6% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 95.6%
Foreign stock not listed in the US 4.4%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves223 since the prior filing

+11.7 pp in · −11.6 pp out

New 10 +3.37 pp
Added 110 +8.30 pp
Trimmed 88 −5.26 pp
Exited 15 −6.34 pp

The book

Diversified · behaves like 53 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 41% a year, about 2.4 years per position

Low
Moderate
High

Top 5 positions21% of US stock

BIIB Biogen Inc. trimmed+0.09 pp trimmed+0.096.1%
AMGN Amgen Inc trimmed−0.38 pp trimmed−0.384.5%
LLY Eli Lilly & Co. added+0.65 pp added+0.653.8%
unresolved Roche Holding Ag-chf added+0.05 pp added+0.053.5%
GOOG Alphabet Inc. Class C new+3.26 pp new+3.263.3%

Positions252 in this filing · 15 exited


BIIBBiogen Inc.	6.06%	17,502,106	$5.4B	trimmed−2%	+0.09 pp	4 q
AMGNAmgen Inc	4.49%	32,161,744	$4.0B	trimmed−9%	−0.38 pp	4 q
LLYEli Lilly & Co.	3.81%	57,129,708	$3.4B	added+11%	+0.65 pp	4 q
unresolvedRoche Holding Ag-chf	3.53%	10,411,834	$3.1B	added0%	+0.05 pp	4 q
GOOGAlphabet Inc. Class C	3.26%	2,582,476	$2.9B	new	+3.26 pp	new
TXNTexas Instruments Incorporated	3.09%	57,880,542	$2.7B	added+2%	+0.09 pp	4 q
MSFTMicrosoft Corp	2.98%	64,191,731	$2.6B	added+3%	+0.16 pp	4 q
ADBEAdobe Inc.	2.91%	39,149,254	$2.6B	trimmed−1%	+0.08 pp	4 q
FDXFedEx Corporation	2.83%	18,864,296	$2.5B	trimmed−0%	−0.44 pp	4 q
NVSNovartis AG	2.31%	24,014,586	$2.0B	trimmed−10%	−0.27 pp	4 q
unresolvedMedtronic Inc	2.20%	31,570,188	$1.9B	trimmed−0%	+0.02 pp	4 q
LUVSouthwest Airlines Co.	2.12%	79,216,421	$1.9B	trimmed−1%	+0.32 pp	4 q
SCHWThe Charles Schwab Corporation	2.01%	64,839,573	$1.8B	trimmed−4%	−0.11 pp	4 q
unresolvedMonsanto Co	1.71%	13,268,012	$1.5B	added+10%	+0.01 pp	4 q
QCOMQualcomm Inc	1.70%	19,035,298	$1.5B	trimmed−2%	−0.03 pp	4 q
RIGTransocean LTD.	1.43%	30,542,566	$1.3B	added+75%	+0.39 pp	4 q
JNJJohnson & Johnson	1.37%	12,300,986	$1.2B	trimmed−10%	−0.14 pp	4 q
unresolvedHewlett Packard Co	1.32%	36,052,795	$1.2B	added+99%	+0.71 pp	4 q
LBBath & Body Works, Inc.	1.29%	20,075,267	$1.1B	trimmed−0%	−0.21 pp	4 q
MRSHMarsh	1.29%	23,161,851	$1.1B	trimmed−18%	−0.35 pp	4 q
unresolvedDirectv	1.22%	14,123,090	$1.1B	trimmed−1%	+0.04 pp	4 q
unresolvedE M C Corp Mass	1.08%	34,948,089	$958M	added+29%	+0.26 pp	4 q
HONHoneywell International, Inc.	1.02%	9,672,989	$897M	trimmed−20%	−0.32 pp	4 q
INTUIntuit Inc	0.98%	11,190,083	$870M	trimmed−12%	−0.18 pp	4 q
MUMicron Technology, Inc.	0.94%	35,171,835	$832M	trimmed−0%	+0.02 pp	4 q
INTCIntel Corp	0.92%	31,330,051	$809M	added+64%	+0.32 pp	4 q
CCLCarnival Corporation Ltd.	0.89%	20,690,535	$783M	added+14%	+0.01 pp	4 q
VVISA Inc.	0.88%	3,597,243	$777M	trimmed−23%	−0.37 pp	4 q
TJXTJX Companies, Inc. (The)	0.87%	12,636,596	$766M	trimmed−0%	−0.10 pp	4 q
DISThe Walt Disney Company	0.82%	9,005,464	$721M	trimmed−1%	−0.01 pp	4 q
unresolvedSanDisk Corp	0.81%	8,821,785	$716M	added+11%	+0.14 pp	4 q
BSXBoston Scientific Corp.	0.76%	49,351,819	$667M	added+2%	+0.06 pp	4 q
WFCWells Fargo & Co.	0.75%	13,292,979	$661M	added+86%	+0.36 pp	4 q
ABTAbbott Laboratories	0.74%	17,087,028	$658M	added+6%	0.00 pp	4 q
UALUnited Airlines Holdings, Inc.	0.74%	14,584,401	$651M	added+48%	+0.29 pp	4 q
KMXCarMax Inc.	0.72%	13,549,193	$634M	added+5%	−0.01 pp	4 q
DALDelta Air Lines, Inc.	0.72%	18,378,980	$637M	added+13%	+0.18 pp	4 q
SONYSony Group Corporation	0.71%	32,700,741	$625M	added+58%	+0.28 pp	4 q
KLACKLA Corporation	0.69%	8,801,439	$609M	added+35%	+0.19 pp	4 q
NVDANvidia Corp	0.68%	33,683,464	$603M	added+31%	+0.19 pp	4 q
CATCaterpillar Inc.	0.66%	5,885,275	$585M	added+35%	+0.18 pp	4 q
TRMBTrimble Inc.	0.65%	14,697,770	$571M	added+13%	+0.11 pp	4 q
SLBSLB Limited	0.64%	5,842,504	$570M	trimmed−9%	−0.06 pp	4 q
BMRNBioMarin Pharmaceuticals Inc	0.63%	8,163,719	$557M	added+8%	−0.01 pp	4 q
CSCOCisco Systems, Inc. (DE)	0.59%	23,414,289	$525M	added×4.4	+0.45 pp	4 q
NTAPNetApp, Inc	0.59%	14,060,931	$519M	added+88%	+0.22 pp	4 q
UNPUnion Pacific Corp.	0.59%	2,762,650	$518M	trimmed−5%	0.00 pp	4 q
EOGEOG Resources, Inc.	0.57%	2,573,550	$505M	trimmed−1%	+0.05 pp	4 q
SGENSeagen Inc.	0.57%	11,007,005	$501M	added0%	+0.04 pp	4 q
unresolvedGlaxosmithkline PLC	0.56%	9,177,877	$490M	trimmed−8%	−0.08 pp	4 q
ORCLOracle Corp	0.56%	12,097,000	$495M	trimmed−2%	−0.01 pp	4 q
EAElectronic Arts Inc	0.55%	16,651,587	$483M	trimmed−22%	−0.04 pp	4 q
FLEXFlex Ltd.	0.55%	52,831,339	$488M	added+3%	+0.07 pp	4 q
unresolvedEads Industrial - Eur	0.54%	6,650,390	$476M	added+3%	−0.05 pp	4 q
unresolvedCree Inc	0.53%	8,234,291	$466M	trimmed−0%	−0.09 pp	4 q
ROSTRoss Stores Inc	0.53%	6,496,440	$465M	added×2.3	+0.28 pp	4 q
unresolvedQiagen N.V	0.53%	22,234,504	$469M	added+15%	−0.02 pp	4 q
NBLNoble Energy, Inc.	0.51%	6,385,175	$454M	trimmed−38%	−0.33 pp	4 q
BBBlackBerry Limited	0.50%	54,863,039	$443M	added+60%	+0.19 pp	4 q
SYMCGen Digital Inc.	0.48%	21,128,002	$422M	trimmed−1%	−0.13 pp	4 q
TMOThermo Fisher Scientific, Inc.	0.48%	3,561,800	$428M	added×7.6	+0.42 pp	2 q
GLWCorning Incorporated	0.47%	19,983,150	$416M	trimmed−0%	+0.04 pp	4 q
UPSUnited Parcel Service, Inc. Class B	0.47%	4,309,038	$420M	trimmed−32%	−0.33 pp	4 q
BABoeing Company	0.43%	2,993,660	$376M	trimmed−16%	−0.16 pp	4 q
unresolvedChubb	0.43%	4,302,750	$384M	trimmed−9%	−0.12 pp	4 q
CHRWC.H. Robinson Worldwide, Inc.	0.42%	7,069,876	$370M	trimmed−21%	−0.20 pp	4 q
ASMLASML Holding NV	0.42%	3,968,453	$370M	trimmed−12%	−0.09 pp	4 q
unresolvedAltera Corp	0.41%	9,988,532	$362M	added+1%	+0.02 pp	4 q
ROKRockwell Automation, Inc.	0.40%	2,869,030	$357M	added+62%	+0.15 pp	4 q
ALKAlaska Air Group, Inc.	0.38%	3,595,200	$335M	held	—	4 q
ILMNIllumina Inc	0.38%	2,262,270	$336M	added+10%	+0.11 pp	4 q
ABBVAbbvie Inc.	0.37%	6,335,722	$326M	added+8%	0.00 pp	4 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.35%	4,535,756	$312M	trimmed−12%	−0.15 pp	4 q
POTPotash Corp Of Saskatchewan	0.35%	8,600,889	$312M	trimmed−4%	0.00 pp	4 q
CMECME Group Inc.	0.33%	3,930,757	$291M	added+54%	+0.09 pp	4 q
TSLATesla, Inc.	0.32%	1,336,890	$279M	trimmed−0%	+0.08 pp	4 q
NUANNuance Communications, Inc.	0.30%	15,469,461	$266M	added+6%	+0.03 pp	4 q
ERICEricsson	0.29%	18,959,214	$253M	trimmed−26%	−0.08 pp	4 q
TRCOTribune Media Company Class A	0.29%	3,246,165	$259M	added+48%	+0.09 pp	4 q
AALAmerican Airlines Group Inc.	0.27%	6,536,140	$239M	added×2.2	+0.18 pp	2 q
CVSCvs Health Corporation	0.27%	3,221,930	$241M	added×6.2	+0.23 pp	4 q
unresolvedPharmacyclics Inc.	0.27%	2,380,739	$239M	held	—	4 q
ADIAnalog Devices, Inc.	0.26%	4,403,935	$234M	added×2.3	+0.14 pp	4 q
unresolvedDreamWorks Animation SKG Inc.	0.26%	8,660,800	$230M	trimmed−0%	−0.11 pp	4 q
WHRWhirlpool Corp.	0.26%	1,511,400	$226M	trimmed−9%	−0.05 pp	4 q
unresolvedIntermune	0.25%	6,627,500	$222M	added+2%	+0.14 pp	4 q
PLTPlantronics Inc	0.25%	4,910,950	$218M	held	—	4 q
PXGBXPraxair Inc	0.25%	1,706,470	$223M	added0%	−0.02 pp	4 q
ACNAccenture PLC	0.25%	2,807,750	$224M	trimmed−17%	−0.08 pp	4 q
unresolvedPolypore International Inc	0.24%	6,290,000	$215M	added+44%	+0.04 pp	4 q
JBLUJetBlue Airways Corp	0.22%	22,803,989	$198M	trimmed−0%	−0.01 pp	4 q
IMGNImmunogen Inc	0.21%	12,675,427	$189M	held	—	4 q
NKTRNektar Therapeutics	0.21%	15,534,086	$188M	added+24%	+0.04 pp	4 q
RBARB Global, Inc.	0.21%	7,722,352	$186M	trimmed−0%	0.00 pp	4 q
unresolvedWillis Group Holdings Public	0.21%	4,116,651	$182M	trimmed−1%	−0.01 pp	4 q
DEDeere & Company	0.20%	1,993,000	$181M	held	—	4 q
RCLRoyal Caribbean Group	0.19%	3,018,003	$165M	trimmed−1%	+0.02 pp	4 q
ABMDAbiomed Inc	0.17%	5,751,990	$150M	held	—	4 q
FFIVF5, Inc.	0.17%	1,438,795	$153M	added+41%	+0.06 pp	4 q
LABStandard BioTools Inc.	0.17%	3,484,821	$154M	held	—	4 q
AMATApplied Materials Inc	0.16%	7,061,423	$144M	added+1%	+0.01 pp	4 q
SCORcomScore, Inc.	0.16%	4,347,532	$143M	added+21%	+0.04 pp	4 q
JECJacobs Engineering Group	0.16%	2,258,822	$143M	added+11%	+0.01 pp	4 q
UTXZRTX Corporation	0.16%	1,204,100	$141M	added×6.7	+0.14 pp	2 q
unresolvedPentair Ltd	0.16%	1,830,900	$145M	added×3.0	+0.10 pp	4 q
AIYActivision Blizzard Inc	0.15%	6,351,204	$130M	added+4%	+0.02 pp	4 q
unresolvedCameron International Corp	0.15%	2,142,788	$132M	trimmed−0%	0.00 pp	4 q
EBAYeBay Inc	0.15%	2,416,400	$133M	added×4.0	+0.11 pp	3 q
SNYSanofi	0.15%	2,476,856	$129M	added+9%	0.00 pp	4 q
SSYSStratasys Inc (ISRAEL)	0.15%	1,248,390	$132M	trimmed−1%	−0.05 pp	4 q
ACMAecom	0.14%	3,869,990	$124M	added+16%	+0.02 pp	4 q
ASNAAscena Retail Group Inc	0.14%	6,951,400	$120M	added+23%	0.00 pp	4 q
unresolvedNeustar Inc	0.14%	3,780,497	$123M	added0%	−0.09 pp	4 q
NSCNorfolk Southern Corp.	0.14%	1,286,278	$125M	added+2%	0.00 pp	4 q
unresolvedCepheid	0.13%	2,270,400	$117M	added+4%	+0.01 pp	4 q
SFLYShutterfly, Inc.	0.13%	2,716,532	$116M	added+51%	+0.02 pp	4 q
WATWaters Corp	0.13%	1,040,561	$113M	added+51%	+0.05 pp	4 q
CRLCharles River Laboratories International, Inc.	0.12%	1,697,800	$102M	held	—	4 q
COSTCostco Wholesale Corp	0.12%	933,150	$104M	trimmed−35%	−0.09 pp	4 q
unresolvedDyax Corp.	0.12%	11,806,990	$106M	held	—	4 q
unresolvedFEI Company	0.12%	1,024,000	$105M	added+9%	+0.02 pp	4 q
IEXIDEX Corporation	0.12%	1,497,360	$109M	added×2.4	+0.07 pp	4 q
KELKellanova	0.12%	1,703,673	$107M	trimmed−38%	−0.08 pp	4 q
SW5Southwestern Energy Co	0.12%	2,260,772	$104M	added+7%	+0.02 pp	4 q
CIRCircor International Inc	0.11%	1,341,685	$98M	added+70%	+0.03 pp	4 q
CWCurtiss-Wright Corp.	0.11%	1,498,074	$95M	added+40%	+0.03 pp	3 q
PODDInsulet Corporation	0.11%	1,966,756	$93M	added+5%	+0.03 pp	4 q
NOVNOV Inc.	0.11%	1,291,086	$101M	trimmed−1%	−0.01 pp	4 q
RVTYRevvity, Inc.	0.11%	2,116,074	$95M	added+22%	+0.02 pp	4 q
unresolvedSolazyme Inc	0.11%	8,181,189	$95M	added+24%	+0.02 pp	4 q
ARAYAccuray Incorporated	0.10%	8,785,500	$84M	added+6%	+0.01 pp	4 q
unresolvedBoulder Brands, Inc.	0.10%	4,769,505	$84M	held	—	4 q
unresolvedEllie Mae	0.10%	2,921,735	$84M	added+43%	+0.03 pp	4 q
KEXKirby Corporation	0.10%	911,089	$92M	trimmed−4%	−0.01 pp	4 q
RMBSRambus Inc	0.10%	8,585,583	$92M	trimmed−0%	0.00 pp	4 q
TUESTuesday Morning Corp	0.10%	6,482,750	$92M	added0%	−0.02 pp	4 q
unresolvedAbaxis	0.09%	1,979,300	$77M	added×3.4	+0.06 pp	2 q
unresolvedAffymetrix Inc.	0.09%	10,690,540	$76M	added0%	−0.02 pp	4 q
AAPLApple Inc.	0.09%	146,850	$79M	held	—	4 q
CTRACoterra Energy Inc.	0.09%	2,420,200	$82M	added+10%	−0.01 pp	4 q
unresolvedDow Chemical Co	0.09%	1,642,305	$80M	trimmed−2%	0.00 pp	4 q
EXPDExpeditors International of Washington, Inc.	0.09%	1,931,042	$77M	trimmed−23%	−0.04 pp	4 q
FAROFaro Technologies Inc	0.09%	1,574,958	$83M	added+3%	−0.02 pp	4 q
AXPAmerican Express Company	0.08%	739,000	$67M	added+1%	0.00 pp	4 q
unresolvedCanadian Pac Ry Ltd	0.08%	484,130	$73M	trimmed−0%	−0.01 pp	4 q
DSGXDescartes Systems Group Inc	0.08%	5,018,790	$70M	trimmed−0%	0.00 pp	4 q
unresolvedEncana Corp	0.08%	3,388,662	$72M	trimmed−50%	−0.07 pp	4 q
XOMExxon Mobil Corp	0.08%	754,812	$74M	added+4%	−0.01 pp	4 q
JBLJabil Inc.	0.08%	3,932,600	$71M	added+3%	0.00 pp	4 q
ENTGEntegris Inc	0.07%	5,271,166	$64M	trimmed−1%	0.00 pp	4 q
MAMastercard Incorporated	0.07%	866,750	$65M	held	—	4 q
PEPPepsiCo, Inc.	0.07%	746,800	$62M	trimmed−6%	−0.01 pp	4 q
FORMFormFactor Inc.	0.06%	7,993,218	$51M	added0%	0.00 pp	4 q
LVSLas Vegas Sands Corp.	0.06%	676,400	$55M	held	—	4 q
RRCRange Resources Corp	0.06%	676,325	$56M	added0%	−0.01 pp	4 q
AMZNAmazon.Com Inc	0.05%	141,350	$48M	trimmed−1%	−0.02 pp	4 q
unresolvedDu Pont E I De Nemours & Co	0.05%	680,200	$46M	trimmed−15%	−0.01 pp	4 q
unresolvedLuminex Corp DEL	0.05%	2,386,259	$43M	trimmed−4%	−0.01 pp	4 q
MKTXMarketAxess Holdings Inc.	0.05%	704,920	$42M	held	—	4 q
SAVEQSpirit Airlines, Inc.	0.05%	782,624	$46M	added+6%	+0.01 pp	4 q
unresolvedTime Warner Cable Inc	0.05%	347,760	$48M	trimmed−11%	−0.01 pp	4 q
VFCV.F. Corporation	0.05%	682,480	$42M	added+8%	0.00 pp	4 q
VMWVMware, Inc	0.05%	369,100	$40M	added+29%	+0.02 pp	4 q
XLNXXilinx Inc	0.05%	829,969	$45M	held	—	4 q
ZBHZimmer Biomet Holdings, Inc.	0.05%	457,200	$43M	trimmed−0%	0.00 pp	4 q
unresolvedAudience Inc	0.04%	2,674,074	$33M	added+35%	+0.01 pp	4 q
CSXCSX Corporation	0.04%	1,307,517	$38M	added+4%	0.00 pp	4 q
CBTCabot Corporation	0.04%	616,478	$36M	trimmed−39%	−0.02 pp	4 q
CECelanese Corporation	0.04%	682,000	$38M	added+15%	0.00 pp	4 q
CMAComerica Incorporated	0.04%	650,500	$34M	added+4%	0.00 pp	4 q
unresolvedGuidance Software Inc	0.04%	3,244,000	$36M	added+12%	0.00 pp	4 q
unresolvedHertz Global Holdings Inc	0.04%	1,289,700	$34M	added+15%	0.00 pp	4 q
MMacy's Inc.	0.04%	628,950	$37M	added+1%	0.00 pp	4 q
NUVANuVasive, Inc.	0.04%	914,000	$35M	held	—	4 q
unresolvedRex Energy Corporation	0.04%	1,905,000	$36M	added0%	−0.01 pp	4 q
DFSDiscover Financial Services	0.03%	518,500	$30M	new	+0.03 pp	new
EPZMEpizyme, Inc	0.03%	1,183,750	$27M	added×4.9	+0.02 pp	4 q
MNTAMomenta Pharmaceuticals, Inc.	0.03%	2,159,414	$25M	added+43%	0.00 pp	4 q
unresolvedPall Corp	0.03%	278,300	$25M	trimmed−16%	0.00 pp	4 q
unresolvedPeregrine Semiconductor Corp	0.03%	4,590,238	$28M	added+27%	0.00 pp	4 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.03%	1,660,711	$23M	trimmed−10%	0.00 pp	4 q
ZQKQuicksilver,inc.	0.03%	3,810,023	$29M	held	—	4 q
MATVMativ Holdings, Inc.	0.03%	565,200	$24M	held	—	4 q
6SSServicesource International	0.03%	2,913,568	$25M	new	+0.03 pp	new
unresolvedSmart Technologies Inc A	0.03%	4,814,546	$23M	trimmed−0%	+0.02 pp	4 q
SYKStryker Corporation	0.03%	304,500	$25M	held	—	4 q
unresolvedSafran	0.02%	247,000	$17M	added+74%	+0.01 pp	4 q
unresolvedChicago Bridge & Iron Co N V	0.02%	197,600	$17M	trimmed−37%	−0.01 pp	4 q
CIENCiena Corporation	0.02%	642,026	$15M	trimmed−1%	0.00 pp	4 q
DBDDiebold Nixdorf, Incorporated	0.02%	424,507	$17M	added+39%	+0.01 pp	4 q
DDSDillard's, Inc. Class A	0.02%	165,800	$15M	new	+0.02 pp	new
EWEdwards Lifesciences Corp	0.02%	280,000	$21M	held	—	4 q
EXCExelon Corporation	0.02%	419,447	$14M	trimmed−33%	0.00 pp	4 q
GEFGreif, Inc.	0.02%	393,447	$21M	trimmed−0%	0.00 pp	4 q
MBIIMarrone Bio Innovations, Inc.	0.02%	1,501,983	$21M	added×3.8	+0.01 pp	3 q
OSUROraSure Technologies Inc	0.02%	2,163,600	$17M	held	—	4 q
PEGPublic Service Enterprise Group Incorporated	0.02%	372,379	$14M	trimmed−71%	−0.03 pp	4 q
USBU.S. Bancorp	0.02%	342,150	$15M	added+49%	+0.01 pp	2 q
XNCRXencor, Inc.	0.02%	1,767,500	$21M	added+1%	0.00 pp	2 q
unresolvedYahoo Inc	0.02%	584,800	$21M	trimmed−4%	−0.01 pp	4 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.02%	440,500	$14M	new	+0.02 pp	new
unresolvedFranks Intl N V	0.02%	611,300	$15M	added+29%	0.00 pp	3 q
LYBLyondellBasell Industries N.V. Class A	0.02%	189,500	$17M	added+18%	0.00 pp	2 q
AAgilent Technologies Inc.	0.01%	94,009	$5M	trimmed−1%	0.00 pp	4 q
AKAMAkamai Technologies Inc	0.01%	82,000	$5M	held	—	4 q
unresolvedAxcelis Technologies Inc	0.01%	5,262,606	$11M	new	+0.01 pp	new
unresolvedBrocade Communications Sys I	0.01%	1,185,000	$13M	held	—	4 q
BURLBurlington Stores, Inc.	0.01%	186,500	$6M	trimmed−62%	−0.01 pp	2 q
CALYCallaway Golf Company	0.01%	948,771	$10M	held	—	4 q
CRICarter's Inc.	0.01%	67,370	$5M	held	—	3 q
unresolvedColfax Corp	0.01%	81,600	$6M	trimmed−1%	0.00 pp	4 q
CCKCrown Holdings Inc.	0.01%	104,500	$5M	held	—	4 q
CMICummins Inc.	0.01%	83,150	$12M	held	—	4 q
unresolvedDendreon Corp.	0.01%	3,069,700	$9M	held	—	4 q
DCIDonaldson Company, Inc.	0.01%	150,000	$6M	trimmed−82%	−0.03 pp	4 q
GEF.BGreif, Inc. Class B	0.01%	117,581	$7M	held	—	4 q
unresolvedKalobios Pharmaceuticals Inc	0.01%	4,691,475	$13M	trimmed−0%	−0.01 pp	4 q
MCYMercury General Corp.	0.01%	281,600	$13M	held	—	4 q
unresolvedNci Building Systems	0.01%	380,000	$7M	added×6.4	+0.01 pp	2 q
OIIOceaneering International Inc.	0.01%	129,394	$9M	trimmed−26%	−0.01 pp	4 q
unresolvedOncomed Pharmaceuticals Inc	0.01%	340,700	$11M	held	—	3 q
unresolvedPanera Bread Co	0.01%	46,875	$8M	held	—	4 q
PBRPetroleo Brasileiro S.a.-petrobras	0.01%	430,000	$6M	held	—	4 q
RSGRepublic Services Inc.	0.01%	377,935	$13M	added+14%	0.00 pp	4 q
CRMSalesforce, Inc.	0.01%	195,500	$11M	held	—	4 q
unresolvedThomson Reuters Corp	0.01%	200,000	$7M	held	—	4 q
TDGTransDigm Group Incorporated	0.01%	38,200	$7M	added+9%	0.00 pp	2 q
unresolvedEnsco PLC	0.01%	143,340	$8M	trimmed−5%	0.00 pp	4 q
ALGTAllegiant Travel Company	0.00%	38,100	$4M	added+36%	0.00 pp	4 q
CARAvis Budget Group, Inc.	0.00%	65,600	$3M	added+19%	0.00 pp	3 q
unresolvedBabcock & Wilcox Co New	0.00%	25,000	$830,000	trimmed−52%	0.00 pp	4 q
BCCBoise Cascade Company	0.00%	15,800	$453,000	trimmed−57%	0.00 pp	4 q
unresolvedCardica Inc	0.00%	2,599,600	$3M	held	—	4 q
CERNCerner Corp	0.00%	21,000	$1M	held	—	4 q
CHGGChegg, Inc.	0.00%	194,600	$1M	new	0.00 pp	new
TCSThe Container Store Group, Inc.	0.00%	18,500	$628,000	held	—	2 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	97,000	$805,000	added+73%	0.00 pp	2 q
unresolvedEsterline Technologies Corp	0.00%	37,800	$4M	added+45%	0.00 pp	2 q
FEYEFireEye, Inc.	0.00%	3,800	$234,000	new	0.00 pp	new
unresolvedFoundation Medicine	0.00%	26,000	$842,000	held	—	3 q
FCXFreeport-McMoran Inc.	0.00%	7,300	$241,000	held	—	4 q
MSIMotorola Solutions, Inc. New	0.00%	57,900	$4M	trimmed−98%	−0.25 pp	4 q
NNBRNN Inc	0.00%	56,074	$1M	new	0.00 pp	new
NWLNewell Brands Inc.	0.00%	60,000	$2M	new	0.00 pp	new
unresolvedNimble Storage Inc	0.00%	48,200	$2M	held	—	2 q
PCARPaccar Inc	0.00%	23,000	$2M	trimmed−99%	−0.18 pp	4 q
DDD3D Systems Corporation	0.00%	17,000	$1M	trimmed−75%	−0.01 pp	4 q
TWTRTwitter, Inc.	0.00%	19,900	$929,000	trimmed−1%	0.00 pp	2 q
VRSNVeriSign Inc	0.00%	13,300	$717,000	held	—	4 q
WDAYWorkday, Inc. Class A	0.00%	10,025	$917,000	held	—	4 q
unresolvedXenoport Inc	0.00%	128,000	$662,000	held	—	4 q
NENoble Corporation plc	0.00%	100,000	$3M	trimmed−66%	−0.01 pp	2 q
unresolvedGoogle Inc.	—	−3,022,299	—	exited	−4.07 pp	—
unresolvedLife Technologies Corp	—	−12,827,575	—	exited	−1.17 pp	—
BRK.BBERKSHIRE HATHAWAY Class B	—	−3,853,924	—	exited	−0.55 pp	—
MATMattel, Inc.	—	−7,637,392	—	exited	−0.44 pp	—
NEMNewmont Corporation	—	−2,028,501	—	exited	−0.06 pp	—
ALEXAlexander & Baldwin, Inc.	—	−503,400	—	exited	−0.03 pp	—
GVAGranite Construction Inc.	—	−290,000	—	exited	−0.01 pp	—
TGTTarget Corporation	—	−120,000	—	exited	−0.01 pp	—
HASHasbro, Inc.	—	−13,100	—	exited	0.00 pp	—
LOWLowe's Companies Inc.	—	−11,300	—	exited	0.00 pp	—
unresolvedMcDermott Int'l Inc.	—	−250,000	—	exited	0.00 pp	—
JWNNordstrom, Inc.	—	−30,000	—	exited	0.00 pp	—
unresolvedPactera Technology Intl Ltd Sp	—	−132,235	—	exited	0.00 pp	—
unresolvedVitran Corp Inc	—	−345,000	—	exited	0.00 pp	—
WYWeyerhaeuser Company	—	−100,000	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 8 defects · 62 unresolved
Accession: 0001104659-14-038481
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

A row was set aside — invalid CUSIP 004012250
A row was set aside — invalid CUSIP 007110388
A row was set aside — invalid CUSIP 00B058TZ6
A security outside the official 13F list — CUSIP 004012250 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 007110388 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 00B058TZ6 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 38259P706 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 896047503 not on the Official 13(f) List for 2014-03-31

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