PRIMECAP

Q3 2014 13F · by Joel Fried, portfolio manager

As of: Sep 30, 2014
Filed: Nov 13, 2014
US stock: $93.5B · prev $91.3B
Positions: 259 · prev 255
Options notional: $0
Documents: 1· no amendments

Picture96.1% US stock

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

US stock listed on a US exchange 96.1%
Foreign stock not listed in the US 3.9%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves215 since the prior filing

+1.0 pp in · −0.9 pp out

New 13 +0.58 pp
Added 76 +0.41 pp
Trimmed 117 −0.69 pp
Exited 9 −0.25 pp

The book

Diversified · behaves like 53 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 6.2% a year, about 16.1 years per position

Low
Moderate
High

Top 5 positions21% of US stock

BIIB Biogen Inc. trimmed+0.13 pp trimmed+0.136.1%
AMGN Amgen Inc trimmed+0.65 pp trimmed+0.654.8%
LLY Eli Lilly & Co. trimmed+0.07 pp trimmed+0.074.0%
unresolved Roche Holding Ag-chf added−0.09 pp added−0.093.3%
MSFT Microsoft Corp trimmed+0.24 pp trimmed+0.243.2%

Positions259 in this filing · 9 exited


BIIBBiogen Inc.	6.09%	17,216,631	$5.7B	trimmed−0%	+0.13 pp	6 q
AMGNAmgen Inc	4.78%	31,793,873	$4.5B	trimmed−0%	+0.65 pp	6 q
LLYEli Lilly & Co.	3.96%	57,100,545	$3.7B	trimmed0%	+0.07 pp	6 q
unresolvedRoche Holding Ag-chf	3.30%	10,387,101	$3.1B	added0%	−0.09 pp	6 q
MSFTMicrosoft Corp	3.16%	63,751,297	$3.0B	trimmed−0%	+0.24 pp	6 q
FDXFedEx Corporation	3.10%	17,945,298	$2.9B	trimmed−0%	+0.12 pp	6 q
TXNTexas Instruments Incorporated	2.92%	57,295,367	$2.7B	trimmed−0%	−0.08 pp	6 q
ADBEAdobe Inc.	2.85%	38,516,738	$2.7B	trimmed−0%	−0.21 pp	6 q
LUVSouthwest Airlines Co.	2.83%	78,315,911	$2.6B	trimmed−0%	+0.52 pp	6 q
NVSNovartis AG	2.24%	22,239,448	$2.1B	trimmed−7%	−0.12 pp	6 q
SCHWThe Charles Schwab Corporation	1.98%	62,902,936	$1.8B	trimmed−0%	+0.12 pp	6 q
unresolvedMedtronic Inc	1.96%	29,535,573	$1.8B	trimmed−0%	−0.11 pp	6 q
unresolvedGoogle Inc.	1.62%	2,575,522	$1.5B	added0%	−0.03 pp	2 q
GOOGAlphabet Inc. Class C	1.59%	2,578,622	$1.5B	added0%	−0.03 pp	3 q
unresolvedMonsanto Co	1.52%	12,667,487	$1.4B	trimmed−0%	−0.21 pp	6 q
LBBath & Body Works, Inc.	1.48%	20,674,994	$1.4B	trimmed−0%	+0.15 pp	6 q
QCOMQualcomm Inc	1.47%	18,381,755	$1.4B	trimmed−2%	−0.16 pp	6 q
unresolvedHewlett Packard Co	1.40%	36,989,315	$1.3B	added0%	+0.04 pp	6 q
JNJJohnson & Johnson	1.39%	12,217,813	$1.3B	trimmed−0%	−0.01 pp	6 q
unresolvedDirectv	1.29%	13,974,790	$1.2B	trimmed−0%	−0.01 pp	6 q
MUMicron Technology, Inc.	1.28%	34,820,435	$1.2B	trimmed−0%	+0.02 pp	6 q
INTCIntel Corp	1.21%	32,381,268	$1.1B	trimmed−0%	+0.11 pp	6 q
MRSHMarsh	1.19%	21,272,914	$1.1B	trimmed−2%	−0.04 pp	6 q
RIGTransocean LTD.	1.18%	34,608,579	$1.1B	added+10%	−0.37 pp	6 q
unresolvedE M C Corp Mass	1.11%	35,379,189	$1.0B	trimmed−0%	+0.09 pp	6 q
INTUIntuit Inc	1.01%	10,796,438	$946M	trimmed−2%	+0.04 pp	6 q
UALUnited Airlines Holdings, Inc.	0.93%	18,536,173	$867M	added+3%	+0.12 pp	6 q
HONHoneywell International, Inc.	0.89%	8,959,565	$834M	trimmed−5%	−0.07 pp	6 q
CCLCarnival Corporation Ltd.	0.88%	20,510,172	$824M	added0%	+0.04 pp	6 q
unresolvedSanDisk Corp	0.87%	8,327,490	$816M	trimmed−4%	−0.12 pp	6 q
SONYSony Group Corporation	0.81%	41,803,144	$754M	added+18%	+0.16 pp	6 q
DISThe Walt Disney Company	0.79%	8,297,091	$739M	trimmed−7%	−0.04 pp	6 q
TJXTJX Companies, Inc. (The)	0.79%	12,541,579	$742M	trimmed−0%	+0.06 pp	6 q
ABTAbbott Laboratories	0.76%	17,089,257	$711M	trimmed−0%	−0.01 pp	6 q
WFCWells Fargo & Co.	0.74%	13,350,278	$692M	trimmed−0%	−0.03 pp	6 q
KLACKLA Corporation	0.73%	8,644,466	$681M	trimmed−0%	+0.04 pp	6 q
VVISA Inc.	0.71%	3,095,730	$661M	trimmed−3%	−0.03 pp	6 q
DALDelta Air Lines, Inc.	0.70%	18,146,530	$656M	added0%	−0.07 pp	6 q
CSCOCisco Systems, Inc. (DE)	0.67%	25,010,189	$630M	trimmed−0%	−0.01 pp	6 q
KMXCarMax Inc.	0.66%	13,319,146	$619M	trimmed−1%	−0.10 pp	6 q
NTAPNetApp, Inc	0.66%	14,402,952	$619M	trimmed−0%	+0.08 pp	6 q
NVDANvidia Corp	0.66%	33,514,182	$618M	trimmed−0%	−0.02 pp	6 q
ROSTRoss Stores Inc	0.66%	8,107,490	$613M	added+12%	+0.14 pp	6 q
SLBSLB Limited	0.63%	5,791,485	$589M	trimmed−2%	−0.13 pp	6 q
BMRNBioMarin Pharmaceuticals Inc	0.62%	8,043,918	$580M	trimmed−0%	+0.07 pp	6 q
BBBlackBerry Limited	0.62%	58,290,957	$579M	added+3%	−0.01 pp	6 q
CATCaterpillar Inc.	0.62%	5,835,010	$578M	added0%	−0.07 pp	6 q
BSXBoston Scientific Corp.	0.59%	47,079,199	$556M	trimmed−3%	−0.09 pp	6 q
FLEXFlex Ltd.	0.58%	52,484,073	$542M	added0%	−0.06 pp	6 q
TMOThermo Fisher Scientific, Inc.	0.56%	4,308,150	$524M	added+9%	+0.05 pp	4 q
UNPUnion Pacific Corp.	0.55%	4,713,400	$511M	trimmed−3%	+0.02 pp	6 q
unresolvedEads Industrial - Eur	0.54%	7,991,990	$503M	added+14%	+0.03 pp	6 q
EOGEOG Resources, Inc.	0.54%	5,055,556	$501M	trimmed−1%	−0.11 pp	6 q
unresolvedQiagen N.V	0.54%	22,080,114	$503M	trimmed−0%	−0.05 pp	6 q
CMECME Group Inc.	0.47%	5,486,550	$439M	added+47%	+0.18 pp	6 q
unresolvedAltera Corp	0.45%	11,878,421	$425M	added+10%	+0.04 pp	6 q
TRMBTrimble Inc.	0.45%	13,807,984	$421M	trimmed−1%	−0.11 pp	6 q
SGENSeagen Inc.	0.44%	10,954,900	$407M	added+1%	−0.02 pp	6 q
UPSUnited Parcel Service, Inc. Class B	0.44%	4,159,698	$409M	trimmed−3%	−0.04 pp	6 q
unresolvedChubb	0.43%	4,385,585	$399M	added+1%	−0.01 pp	6 q
ERICEricsson	0.43%	32,117,814	$404M	added+53%	+0.15 pp	6 q
EAElectronic Arts Inc	0.42%	11,117,772	$396M	trimmed−11%	−0.07 pp	6 q
ORCLOracle Corp	0.42%	10,351,700	$396M	trimmed−0%	−0.04 pp	6 q
GLWCorning Incorporated	0.41%	19,825,950	$383M	held	—	6 q
ABBVAbbvie Inc.	0.40%	6,454,836	$373M	added+2%	+0.01 pp	6 q
BABoeing Company	0.40%	2,924,810	$373M	trimmed−1%	−0.01 pp	6 q
NBLNoble Energy, Inc.	0.40%	5,486,206	$375M	trimmed−3%	−0.08 pp	6 q
CHRWC.H. Robinson Worldwide, Inc.	0.39%	5,527,433	$367M	trimmed−16%	−0.07 pp	6 q
unresolvedCree Inc	0.39%	8,945,911	$366M	added+10%	−0.05 pp	6 q
ILMNIllumina Inc	0.39%	2,244,837	$368M	trimmed−0%	−0.05 pp	6 q
AALAmerican Airlines Group Inc.	0.37%	9,817,310	$348M	added+44%	+0.05 pp	4 q
ASMLASML Holding NV	0.37%	3,502,533	$346M	trimmed−0%	+0.01 pp	6 q
TSLATesla, Inc.	0.34%	1,319,190	$320M	trimmed−0%	−0.01 pp	6 q
ALKAlaska Air Group, Inc.	0.33%	7,175,000	$312M	added×2.0	−0.04 pp	6 q
ROKRockwell Automation, Inc.	0.33%	2,824,649	$310M	trimmed−0%	−0.06 pp	6 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.32%	4,486,656	$295M	trimmed−0%	+0.04 pp	6 q
JECJacobs Engineering Group	0.31%	5,859,641	$286M	added+58%	+0.09 pp	6 q
POTPotash Corp Of Saskatchewan	0.31%	8,493,189	$294M	trimmed−1%	−0.04 pp	6 q
SYMCGen Digital Inc.	0.31%	12,390,202	$291M	trimmed−39%	−0.20 pp	6 q
unresolvedPharmacyclics Inc.	0.29%	2,311,039	$271M	trimmed−0%	+0.06 pp	6 q
unresolvedDreamWorks Animation SKG Inc.	0.28%	9,596,400	$262M	added+12%	+0.06 pp	6 q
CVSCvs Health Corporation	0.27%	3,198,460	$255M	trimmed−0%	+0.01 pp	6 q
unresolvedPolypore International Inc	0.26%	6,149,100	$239M	trimmed−0%	−0.06 pp	6 q
JBLUJetBlue Airways Corp	0.25%	22,029,239	$234M	trimmed−0%	−0.01 pp	6 q
NUANNuance Communications, Inc.	0.25%	15,288,493	$236M	trimmed−0%	−0.07 pp	6 q
PLTPlantronics Inc	0.25%	4,910,950	$235M	held	—	6 q
unresolvedGlaxosmithkline PLC	0.24%	4,874,635	$224M	trimmed−5%	−0.06 pp	6 q
ADIAnalog Devices, Inc.	0.23%	4,409,265	$218M	trimmed−0%	−0.03 pp	6 q
NKTRNektar Therapeutics	0.23%	18,137,786	$219M	added+15%	+0.01 pp	6 q
PXGBXPraxair Inc	0.23%	1,691,729	$218M	trimmed−0%	−0.02 pp	6 q
SNYSanofi	0.23%	3,891,356	$220M	added+29%	+0.05 pp	6 q
TRCOTribune Media Company Class A	0.23%	3,255,965	$216M	added+3%	−0.06 pp	6 q
BABAAlibaba Group Holding Limited	0.22%	2,333,000	$207M	new	+0.22 pp	new
ACNAccenture PLC	0.22%	2,496,150	$203M	trimmed−11%	−0.03 pp	6 q
WHRWhirlpool Corp.	0.21%	1,359,386	$198M	trimmed−9%	−0.02 pp	6 q
EBAYeBay Inc	0.20%	3,378,500	$191M	added+12%	+0.03 pp	5 q
RCLRoyal Caribbean Group	0.20%	2,763,601	$186M	trimmed−1%	+0.03 pp	6 q
RBARB Global, Inc.	0.19%	7,760,502	$174M	added+2%	−0.02 pp	6 q
DEDeere & Company	0.18%	2,043,000	$168M	added+3%	−0.02 pp	6 q
FFIVF5, Inc.	0.18%	1,407,865	$167M	trimmed−2%	+0.01 pp	6 q
SFLYShutterfly, Inc.	0.18%	3,423,618	$167M	added+9%	+0.03 pp	6 q
AAgilent Technologies Inc.	0.17%	2,813,589	$160M	added×30.7	+0.16 pp	6 q
SCORcomScore, Inc.	0.16%	4,210,532	$153M	trimmed−1%	−0.01 pp	6 q
ABMDAbiomed Inc	0.15%	5,664,990	$141M	trimmed−1%	−0.01 pp	6 q
ACMAecom	0.15%	4,086,564	$138M	added+2%	+0.01 pp	6 q
unresolvedCameron International Corp	0.15%	2,108,078	$140M	added+2%	0.00 pp	6 q
NOVNOV Inc.	0.15%	1,784,041	$136M	added0%	−0.01 pp	6 q
AIYActivision Blizzard Inc	0.14%	6,409,400	$133M	added+1%	−0.01 pp	6 q
AMATApplied Materials Inc	0.14%	5,949,855	$129M	trimmed−15%	−0.03 pp	6 q
IMGNImmunogen Inc	0.14%	11,918,396	$126M	trimmed−0%	−0.01 pp	6 q
NSCNorfolk Southern Corp.	0.14%	1,201,728	$134M	trimmed−4%	0.00 pp	6 q
TUESTuesday Morning Corp	0.14%	6,546,050	$127M	added+1%	+0.01 pp	6 q
UTXZRTX Corporation	0.14%	1,209,100	$128M	added0%	−0.01 pp	4 q
PNRPentair plc	0.14%	1,981,881	$130M	added+7%	−0.01 pp	2 q
unresolvedWillis Group Holdings Public	0.14%	3,151,851	$130M	trimmed−22%	−0.05 pp	6 q
CWCurtiss-Wright Corp.	0.13%	1,812,274	$119M	added+1%	0.00 pp	5 q
unresolvedDyax Corp.	0.12%	10,884,960	$110M	trimmed−2%	0.00 pp	6 q
unresolvedAbaxis	0.11%	1,973,200	$100M	trimmed−0%	+0.01 pp	4 q
AAPLApple Inc.	0.11%	1,041,950	$105M	held	—	6 q
ASNAAscena Retail Group Inc	0.11%	8,060,300	$107M	trimmed−11%	−0.06 pp	6 q
CSXCSX Corporation	0.11%	3,220,500	$103M	added+4%	+0.01 pp	6 q
unresolvedCepheid	0.11%	2,255,200	$99M	held	—	6 q
CRLCharles River Laboratories International, Inc.	0.11%	1,692,800	$101M	trimmed−0%	+0.01 pp	6 q
unresolvedEllie Mae	0.11%	3,020,900	$98M	held	—	6 q
IEXIDEX Corporation	0.11%	1,437,070	$104M	trimmed−4%	−0.02 pp	6 q
RVTYRevvity, Inc.	0.11%	2,254,111	$98M	added+7%	0.00 pp	6 q
RMBSRambus Inc	0.11%	8,406,522	$105M	trimmed−1%	−0.02 pp	6 q
unresolvedCanadian Pac Ry Ltd	0.10%	450,630	$93M	trimmed−7%	0.00 pp	6 q
CIRCircor International Inc	0.10%	1,383,800	$93M	added+1%	−0.02 pp	6 q
LABStandard BioTools Inc.	0.10%	3,689,632	$90M	added+1%	−0.02 pp	6 q
KEXKirby Corporation	0.10%	795,263	$94M	trimmed−6%	−0.01 pp	6 q
unresolvedNeustar Inc	0.10%	3,855,301	$96M	added+3%	−0.01 pp	6 q
WATWaters Corp	0.10%	983,434	$97M	trimmed−5%	−0.02 pp	6 q
unresolvedAffymetrix Inc.	0.09%	10,559,240	$84M	held	—	6 q
CTRACoterra Energy Inc.	0.09%	2,615,200	$85M	held	—	6 q
unresolvedDow Chemical Co	0.09%	1,654,255	$87M	trimmed−0%	0.00 pp	6 q
FAROFaro Technologies Inc	0.09%	1,697,500	$86M	trimmed−1%	0.00 pp	6 q
PEPPepsiCo, Inc.	0.09%	951,800	$89M	held	—	6 q
SW5Southwestern Energy Co	0.09%	2,338,272	$82M	added+2%	−0.02 pp	6 q
AMZNAmazon.Com Inc	0.08%	220,280	$71M	added+64%	+0.03 pp	6 q
unresolvedEncana Corp	0.08%	3,356,262	$71M	trimmed−0%	−0.01 pp	6 q
XOMExxon Mobil Corp	0.08%	784,812	$74M	held	—	6 q
unresolvedFEI Company	0.08%	1,047,200	$79M	added+2%	−0.02 pp	6 q
PODDInsulet Corporation	0.08%	1,956,456	$72M	trimmed−0%	−0.01 pp	6 q
JBLJabil Inc.	0.08%	3,852,100	$78M	trimmed−0%	−0.01 pp	6 q
unresolvedSolazyme Inc	0.08%	9,746,809	$73M	added+7%	−0.04 pp	6 q
unresolvedTribune Publishing Co	0.08%	3,643,146	$74M	new	+0.08 pp	new
SSYSStratasys Inc (ISRAEL)	0.08%	654,600	$79M	trimmed−44%	−0.07 pp	6 q
ARAYAccuray Incorporated	0.07%	8,665,700	$63M	trimmed−0%	−0.01 pp	6 q
AXPAmerican Express Company	0.07%	739,000	$65M	held	—	6 q
DSGXDescartes Systems Group Inc	0.07%	4,988,590	$69M	trimmed−0%	−0.01 pp	6 q
DFSDiscover Financial Services	0.07%	999,100	$64M	added+1%	0.00 pp	3 q
PGRProgressive Corporation	0.07%	2,740,700	$69M	new	+0.07 pp	new
VFCV.F. Corporation	0.07%	1,035,080	$68M	held	—	6 q
ENTGEntegris Inc	0.06%	5,233,950	$60M	held	—	6 q
EXPDExpeditors International of Washington, Inc.	0.06%	1,306,642	$53M	trimmed−24%	−0.02 pp	6 q
FORMFormFactor Inc.	0.06%	7,993,218	$57M	held	—	6 q
MKTXMarketAxess Holdings Inc.	0.06%	875,332	$54M	added+25%	+0.02 pp	6 q
MAMastercard Incorporated	0.06%	807,750	$60M	trimmed−6%	−0.01 pp	6 q
unresolvedPeregrine Semiconductor Corp	0.06%	4,565,538	$56M	held	—	6 q
unresolvedSprint Corporation	0.06%	9,224,943	$58M	new	+0.06 pp	new
URBNUrban Outfitters Inc	0.06%	1,654,106	$61M	new	+0.06 pp	new
VMWVMware, Inc	0.06%	555,650	$52M	added+6%	0.00 pp	6 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.06%	1,436,000	$52M	added×2.8	+0.04 pp	3 q
unresolvedSafran	0.05%	750,000	$49M	added×2.4	+0.03 pp	6 q
unresolvedBoulder Brands, Inc.	0.05%	3,748,805	$51M	trimmed−1%	−0.01 pp	6 q
COSTCostco Wholesale Corp	0.05%	357,450	$45M	trimmed−22%	−0.01 pp	6 q
unresolvedDu Pont E I De Nemours & Co	0.05%	635,900	$46M	trimmed−4%	0.00 pp	6 q
EXKExact Sciences Corp	0.05%	2,496,300	$48M	added0%	0.00 pp	2 q
SAVEQSpirit Airlines, Inc.	0.05%	737,824	$51M	held	—	6 q
unresolvedTime Warner Cable Inc	0.05%	347,760	$50M	held	—	6 q
ZBHZimmer Biomet Holdings, Inc.	0.05%	449,204	$45M	trimmed−0%	0.00 pp	6 q
CECelanese Corporation	0.04%	707,800	$41M	added+4%	−0.01 pp	6 q
CMAComerica Incorporated	0.04%	776,400	$39M	added+14%	0.00 pp	6 q
CRAYCray, Inc.	0.04%	1,318,900	$35M	new	+0.04 pp	new
EPZMEpizyme, Inc	0.04%	1,421,662	$39M	added+20%	0.00 pp	6 q
GILGildan Activewear Inc.	0.04%	719,725	$39M	added×2.0	+0.02 pp	2 q
unresolvedHertz Global Holdings Inc	0.04%	1,422,700	$36M	added+1%	0.00 pp	6 q
LVSLas Vegas Sands Corp.	0.04%	665,000	$41M	held	—	6 q
unresolvedLuminex Corp DEL	0.04%	1,987,848	$39M	trimmed−3%	0.00 pp	6 q
RRCRange Resources Corp	0.04%	488,540	$33M	trimmed−1%	−0.01 pp	6 q
USBU.S. Bancorp	0.04%	832,150	$35M	added+30%	+0.01 pp	4 q
XLNXXilinx Inc	0.04%	796,669	$34M	trimmed−4%	0.00 pp	6 q
unresolvedAudience Inc	0.03%	3,405,574	$25M	added+21%	−0.01 pp	6 q
EWEdwards Lifesciences Corp	0.03%	280,000	$29M	held	—	6 q
KELKellanova	0.03%	421,400	$26M	trimmed−49%	−0.03 pp	6 q
MNTAMomenta Pharmaceuticals, Inc.	0.03%	2,670,600	$30M	held	—	6 q
NUVANuVasive, Inc.	0.03%	902,100	$31M	trimmed−0%	−0.01 pp	6 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.03%	1,660,711	$25M	held	—	6 q
unresolvedRex Energy Corporation	0.03%	2,135,000	$27M	added+10%	−0.01 pp	6 q
6SSServicesource International	0.03%	8,561,700	$28M	added+11%	−0.02 pp	3 q
SYKStryker Corporation	0.03%	304,500	$25M	held	—	6 q
unresolvedMobileye Nv	0.03%	500,000	$27M	new	+0.03 pp	new
unresolvedAxcelis Technologies Inc	0.02%	11,640,000	$23M	added+26%	0.00 pp	3 q
CBTCabot Corporation	0.02%	325,000	$17M	trimmed−40%	−0.01 pp	6 q
DBDDiebold Nixdorf, Incorporated	0.02%	502,000	$18M	added+7%	0.00 pp	6 q
unresolvedGuidance Software Inc	0.02%	3,430,300	$23M	added+1%	−0.01 pp	6 q
OSUROraSure Technologies Inc	0.02%	2,022,900	$15M	trimmed−0%	0.00 pp	6 q
unresolvedPall Corp	0.02%	245,000	$21M	trimmed−1%	0.00 pp	6 q
RSGRepublic Services Inc.	0.02%	383,935	$15M	held	—	6 q
MATVMativ Holdings, Inc.	0.02%	500,200	$21M	held	—	6 q
XNCRXencor, Inc.	0.02%	1,648,700	$15M	held	—	4 q
unresolvedYahoo Inc	0.02%	524,800	$21M	held	—	6 q
unresolvedFranks Intl N V	0.02%	1,217,600	$23M	added+82%	0.00 pp	5 q
LYBLyondellBasell Industries N.V. Class A	0.02%	184,200	$20M	held	—	4 q
ALGTAllegiant Travel Company	0.01%	38,100	$5M	held	—	6 q
unresolvedBrocade Communications Sys I	0.01%	1,000,000	$11M	held	—	6 q
unresolvedCardica Inc	0.01%	5,864,500	$6M	added0%	0.00 pp	6 q
unresolvedChicago Bridge & Iron Co N V	0.01%	197,600	$11M	held	—	6 q
CIENCiena Corporation	0.01%	636,669	$11M	held	—	6 q
unresolvedEsterline Technologies Corp	0.01%	93,431	$10M	trimmed−5%	0.00 pp	4 q
EXCExelon Corporation	0.01%	179,447	$6M	trimmed−44%	0.00 pp	6 q
GEFGreif, Inc.	0.01%	195,400	$9M	trimmed−50%	−0.01 pp	6 q
unresolvedKalobios Pharmaceuticals Inc	0.01%	4,475,700	$7M	held	—	6 q
MBIIMarrone Bio Innovations, Inc.	0.01%	3,242,100	$9M	added+7%	−0.03 pp	5 q
MCYMercury General Corp.	0.01%	281,600	$14M	held	—	6 q
unresolvedNci Building Systems	0.01%	440,000	$9M	held	—	4 q
NNBRNN Inc	0.01%	344,000	$9M	added+26%	0.00 pp	3 q
NWLNewell Brands Inc.	0.01%	163,060	$6M	held	—	3 q
DNOWDNOW Inc.	0.01%	418,788	$13M	trimmed−2%	−0.01 pp	2 q
OIIOceaneering International Inc.	0.01%	129,394	$8M	held	—	6 q
PBRPetroleo Brasileiro S.a.-petrobras	0.01%	430,000	$6M	held	—	6 q
PEGPublic Service Enterprise Group Incorporated	0.01%	372,379	$14M	held	—	6 q
ZQKQuicksilver,inc.	0.01%	5,849,000	$10M	added+9%	−0.01 pp	6 q
CRMSalesforce, Inc.	0.01%	204,160	$12M	held	—	6 q
unresolvedSmart Technologies Inc A	0.01%	4,798,246	$8M	held	—	6 q
unresolvedThomson Reuters Corp	0.01%	200,000	$7M	held	—	6 q
TDGTransDigm Group Incorporated	0.01%	38,200	$7M	held	—	4 q
TREXTrex Company, Inc.	0.01%	183,337	$6M	new	+0.01 pp	new
OLEDUniversal Display Corp	0.01%	268,000	$9M	new	+0.01 pp	new
unresolvedXoom Corporation	0.01%	473,128	$10M	added×7.0	+0.01 pp	2 q
unresolvedEnsco PLC	0.01%	143,340	$6M	held	—	6 q
unresolvedUti Worldwide Inc	0.01%	880,000	$9M	added+33%	0.00 pp	2 q
ANETArista Networks	0.00%	42,000	$4M	trimmed−58%	−0.01 pp	2 q
unresolvedAvalanche Biotechnologies Inc.	0.00%	45,900	$2M	new	0.00 pp	new
CRICarter's Inc.	0.00%	17,370	$1M	held	—	5 q
CERNCerner Corp	0.00%	20,000	$1M	held	—	6 q
CHGGChegg, Inc.	0.00%	275,290	$2M	held	—	3 q
unresolvedColfax Corp	0.00%	63,000	$4M	trimmed−13%	−0.01 pp	6 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	97,000	$842,000	held	—	4 q
CCKCrown Holdings Inc.	0.00%	104,300	$5M	trimmed−0%	−0.01 pp	6 q
CMICummins Inc.	0.00%	33,150	$4M	trimmed−60%	−0.01 pp	6 q
unresolvedDendreon Corp.	0.00%	2,416,800	$3M	trimmed−17%	−0.01 pp	6 q
unresolvedFoundation Medicine	0.00%	10,800	$205,000	held	—	5 q
FCXFreeport-McMoran Inc.	0.00%	7,300	$238,000	held	—	6 q
GEF.BGreif, Inc. Class B	0.00%	77,985	$4M	trimmed−34%	−0.01 pp	6 q
HANHawaiian Holdings Inc	0.00%	315,000	$4M	held	—	2 q
MMacy's Inc.	0.00%	36,200	$2M	trimmed−45%	0.00 pp	6 q
MATXMatsons, Inc.	0.00%	68,000	$2M	new	0.00 pp	new
MSIMotorola Solutions, Inc. New	0.00%	57,900	$4M	held	—	6 q
unresolvedNimble Storage Inc	0.00%	16,500	$429,000	trimmed−15%	0.00 pp	4 q
unresolvedOncomed Pharmaceuticals Inc	0.00%	218,400	$4M	trimmed−18%	−0.01 pp	5 q
POSTPost Holdings, Inc.	0.00%	12,000	$398,000	new	0.00 pp	new
TWTRTwitter, Inc.	0.00%	4,700	$242,000	trimmed−15%	0.00 pp	4 q
VRSNVeriSign Inc	0.00%	13,300	$733,000	held	—	6 q
WDAYWorkday, Inc. Class A	0.00%	10,025	$827,000	held	—	6 q
unresolvedXenoport Inc	0.00%	91,000	$490,000	trimmed−13%	0.00 pp	6 q
NENoble Corporation plc	0.00%	100,000	$2M	held	—	4 q
PGNParagon Offshore PLC	0.00%	33,333	$205,000	new	0.00 pp	new
unresolvedIntermune	—	−4,525,925	—	exited	−0.22 pp	—
DDSDillard's, Inc. Class A	—	−165,800	—	exited	−0.02 pp	—
unresolvedPanera Bread Co	—	−46,875	—	exited	−0.01 pp	—
CARAvis Budget Group, Inc.	—	−65,600	—	exited	0.00 pp	—
unresolvedBabcock & Wilcox Co New	—	−25,000	—	exited	0.00 pp	—
BCCBoise Cascade Company	—	−15,800	—	exited	0.00 pp	—
BURLBurlington Stores, Inc.	—	−140,400	—	exited	0.00 pp	—
CALYCallaway Golf Company	—	−50,000	—	exited	0.00 pp	—
DCIDonaldson Company, Inc.	—	−25,000	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 7 defects · 65 unresolved
Accession: 0001104659-14-080314
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 2014-09-30
A security outside the official 13F list — CUSIP 007110388 not on the Official 13(f) List for 2014-09-30
A security outside the official 13F list — CUSIP 00B058TZ6 not on the Official 13(f) List for 2014-09-30
A security outside the official 13F list — CUSIP 896047503 not on the Official 13(f) List for 2014-09-30

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