13F-HR 1 a2111082z13f-hr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/03 ----------------------- Check Here if Amendment / /; Amendment Number: --------- This Amendment (Check only one.): / / is a restatement. / / adds new holdings entries. Institutional Investment Manager Filing this Report: Name: PRIMECAP Management Company ------------------------------- Address: 225 South Lake Avenue, Suite 400 ------------------------------- Pasadena, CA 91101 ------------------------------- ------------------------------- Form 13F File Number: 28-01469 --------------------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Rachel Aguilera ------------------------------- Title: Client Account Administrator ------------------------------- Phone: 626/304-9222 ------------------------------- Signature, Place, and Date of Signing: /s/ Rachel Aguilera Pasadena, CA 5/9/03 ------------------------------- ----------------- ------------- [Signature] [City, State] [Date] Report Type (Check only one.): /X/ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) / / 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) / / 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28- --------------- ------------------------------------ [Repeat as necessary.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------------- Form 13F Information Table Entry Total: -------------------- Form 13F Information Table Value Total: $ 21027870 -------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name 28- "NONE" ------ ----------------- --------------------------------- [Repeat as necessary.] FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------- ---------------- --------- -------- ---------------------- ------------ ---------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------- ---------------- --------- -------- --------- ----- ------ ------------ ---------- ------ -------- ------ [Repeat as necessary]
1 PRIMECAP Management Company FORM 13F March 31, 2003
Voting Authority -------------------------- Title Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ---------------- --------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- 3M COMPANY COM 88579Y101 27677 212850 SH Sole 206000 6850 A D C TELECOMMUNICATION COM 000886101 41 20000 SH Sole 20000 ABERCROMBIE & FITCH CL A COM 002896207 31081 1035000 SH Sole 35000 1000000 ACCENTURE LTD. CL A COM G1150G111 26989 1741200 SH Sole 410200 1331000 ADOBE SYS INC COM 00724F101 727889 23609766 SH Sole 2779966 20829800 ADVANCED FIBRE COMMS. COM 00754A105 46388 3063950 SH Sole 752250 2311700 AETNA INC. COM 00817Y108 57994 1176350 SH Sole 651900 524450 AGILENT TECHNOLOGIES INC COM 00846U101 24105 1833111 SH Sole 523368 1309743 AIRBORNE INC. COM 009269101 62794 3202150 SH Sole 3202150 ALASKA AIRGROUP INC. COM 011659109 39804 2541750 SH Sole 2541750 ALCOA INC COM 013817101 23824 1229300 SH Sole 1185700 43600 ALEXANDER & BALDWIN COM 014482103 28699 1154410 SH Sole 1116710 37700 AMERADA HESS CORP COM 023551104 175730 3970400 SH Sole 702600 3267800 AMERICAN INTL GROUP COM 026874107 55119 1114642 SH Sole 304142 810500 AMGEN INC. COM 031162100 2417 42000 SH Sole 42000 AMPHENOL CORP COM 032095101 51704 1268820 SH Sole 818220 450600 AMR CORPORATION COM 001765106 30963 14744293 SH Sole 1951593 12792700 ANADARKO PETROLEUM COM 032511107 231653 5091264 SH Sole 1150614 3940650 AOL TIME WARNER, INC COM 00184A105 132110 12164800 SH Sole 2621900 9542900 APPLERA CORP-APPLIED BIOSYSTEM COM 038020103 201651 12738520 SH Sole 2576770 10161750 APPLERA CORP-CELERA GENOMICS COM 038020202 9254 1073600 SH Sole 1073600 APPLIED MATERIALS COM 038222105 4151 330000 SH Sole 330000 APPLIED MICRO CIRCUITS CORP. COM 03822W109 1161 356200 SH Sole 356200 APTARGROUP INC. COM 038336103 556 17200 SH Sole 2200 15000 ARVINMERITOR COM 043353101 36291 2594040 SH Sole 887640 1706400 ATLANTIC COAST AIR HLD COM 048396105 18878 3040000 SH Sole 3040000 AUTODESK, INC. COM 052769106 26934 1765000 SH Sole 15000 1750000 BANC ONE CORP COM 06423A103 194210 5609770 SH Sole 1360870 4248900
2 PRIMECAP Management Company FORM 13F March 31, 2003
Voting Authority -------------------------- Title Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ---------------- --------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- BANK OF NEW YORK COM 064057102 58924 2874350 SH Sole 1328800 1545550 BELO CORP. COM 080555105 37110 1831700 SH Sole 759500 1072200 BERKSHIRE HATHAWAY CLB COM 084670207 119546 55941 SH Sole 10752 45189 BEST BUY CO INC COM 086516101 167465 6209300 SH Sole 250000 5959300 BIOGEN INC COM 090597105 276273 9221400 SH Sole 2723200 6498200 BIOMARIN PHARMACEUTICAL COM 09061G101 19345 1704400 SH Sole 1704400 BOSTON SCIENTIFIC CORP COM 101137107 8291 203400 SH Sole 187700 15700 BRISTOL-MYERS SQUIBB CO. COM 110122108 62812 2972645 SH Sole 578700 2393945 CABLEVISION NY GP CLA COM 12686C109 10746 565852 SH Sole 201005 364847 CANADIAN NATL RAILWAY CO. COM 136375102 9698 226600 SH Sole 221300 5300 CAPITAL ONE FINCL. CORP. COM 14040H105 24767 825300 SH Sole 95000 730300 CARNIVAL CORP COM 143658300 56311 2335600 SH Sole 104000 2231600 CATERPILLAR INC DEL COM 149123101 422539 8588200 SH Sole 2723400 5864800 CHESAPEAKE ENERGY CORP COM 165167107 3105 395000 SH Sole 395000 CHICAGO BRIDGE & IRON COM 167250109 6496 400000 SH Sole 400000 CHICAGO MERCANTILE EXCHG HLDS COM 167760107 1830 38000 SH Sole 17000 21000 CHUBB CORP. COM 171232101 242005 5460400 SH Sole 1359100 4101300 CIENA CORP COM 171779101 55178 12626500 SH Sole 1644900 10981600 CITRIX SYSTEMS INC. COM 177376100 184893 14049630 SH Sole 2094130 11955500 COGNIZANT TECH SOLUTIONS COM 192446102 3769 56000 SH Sole 17800 38200 COHERENT INC COM 192479103 43522 2321150 SH Sole 2321150 COMVERSE TECHNOLOGY INC. COM 205862402 44854 3965900 SH Sole 499400 3466500 CONCORD EFS INC. COM 206197105 27107 2883700 SH Sole 26900 2856800 CONCURRENT COMPUTER CORP COM 206710204 11569 5235000 SH Sole 5235000 CONOCOPHILLIPS COM 20825C104 665937 12424200 SH Sole 1855150 10569050 CONTINENTAL AIRLINES CL B COM 210795308 334 65200 SH Sole 65200 CORNING INC COM 219350105 129742 22216100 SH Sole 1075800 21140300 COSTCO WHOLESALE CORP. COM 22160K105 148552 4946800 SH Sole 771950 4174850
3 PRIMECAP Management Company FORM 13F March 31, 2003
Voting Authority -------------------------- Title Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ---------------- --------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- COX COMMUNS., INC. COM 224044107 70267 2258650 SH Sole 490900 1767750 CUNO INC COM 126583103 26888 800000 SH Sole 800000 DEERE & CO COM 244199105 103266 2630300 SH Sole 322000 2308300 DELL COMPUTER COM 247025109 703 25750 SH Sole 750 25000 DELPHI CORPORATION COM 247126105 9170 1342607 SH Sole 1295407 47200 DELTA AIR LINES DEL COM 247361108 137073 15401433 SH Sole 2523393 12878040 DENDREON CORP. COM 24823Q107 5644 1203500 SH Sole 1203500 DESCARTES SYS GRP INC COM 249906108 12823 5699300 SH Sole 1018400 4680900 DISNEY WALT CO. COM 254687106 112673 6620050 SH Sole 838800 5781250 DONALDSON INC COM 257651109 29284 800550 SH Sole 800550 DOW CHEMICAL CO. COM 260543103 22179 803290 SH Sole 774590 28700 DRESS BARN INC COM 261570105 28245 2100000 SH Sole 2100000 EASTMAN KODAK COM 277461109 207956 7025540 SH Sole 1278440 5747100 EBAY INC. COM 278642103 157282 1843650 SH Sole 338400 1505250 EDWARDS LIFE COM 28176E108 10275 375000 SH Sole 375000 EL PASO CORP COM 28336L109 25385 4195900 SH Sole 144600 4051300 ENGELHARD CORP COM 292845104 83776 3911100 SH Sole 3911100 EQUIFAX INC. COM 294429105 9995 500000 SH Sole 500000 ERICSSON (LM) TEL 'B' ADS COM 294821608 70414 11071390 SH Sole 2260941 8810449 ESCO TECHNOLOGIES COM 296315104 6560 200000 SH Sole 200000 FAMILY DOLLAR STORES COM 307000109 38297 1240200 SH Sole 490500 749700 FEDEX CORP COM 31428X106 1200551 21800450 SH Sole 3460950 18339500 FLEETWOOD ENTERPRISES COM 339099103 12661 3118500 SH Sole 1811500 1307000 FLUOR CORP. COM 343412102 33704 1000700 SH Sole 1000700 FMC TECHNOLOGIES COM 30249U101 6760 352100 SH Sole 339800 12300 FORD MTR CO DEL COM 345370860 8513 1132010 SH Sole 1089410 42600 FREDDIE MAC COM 313400301 18866 355300 SH Sole 80000 275300 GAP INC DEL COM 364760108 23923 1651000 SH Sole 50000 1601000
4 PRIMECAP Management Company FORM 13F March 31, 2003
Voting Authority -------------------------- Title Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ---------------- --------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- GC COS INC COM 36155Q109 36 200000 SH Sole 200000 GENENTECH INC. COM 368710406 105374 3009812 SH Sole 7412 3002400 GENERAL DYNAMICS CORP COM 369550108 551 10000 SH Sole 10000 GENERAL MTRS CORP COM 370442105 53861 1602059 SH Sole 1540001 62058 GENZYME CORP. COM 372917104 293956 8064650 SH Sole 1798800 6265850 GM HUGHES COM 370442832 695891 62133099 SH Sole 10482162 51650937 GRAINGER W.W. COM 384802104 77660 1810250 SH Sole 767100 1043150 GRANITE CONSTR INC COM 387328107 49537 3155200 SH Sole 3155200 GUIDANT CORP COM 401698105 609997 16850750 SH Sole 2931400 13919350 HARMONIC LIGHTWAVES COM 413160102 333 100000 SH Sole 100000 HCC INSURANCE HOLDINGS COM 404132102 2556 100000 SH Sole 100000 HEARST-ARGYLE TELEVISION COM 422317107 12828 620000 SH Sole 620000 HEWLETT-PACKARD CO. COM 428236103 275411 17711335 SH Sole 1739163 15972172 ICOS CORP COM 449295104 109173 5835000 SH Sole 2624200 3210800 INPUT/OUTPUT INC COM 457652105 17686 4912682 SH Sole 2590382 2322300 INSITUFORM TECHNOLOGIES COM 457667103 4264 317000 SH Sole 308500 8500 INTEL CORP COM 458140100 311705 19146491 SH Sole 4822391 14324100 INTERSIL CORPORATION COM 46069S109 47841 3074600 SH Sole 644000 2430600 INTL PAPER CO COM 460146103 16719 494650 SH Sole 478750 15900 INTL. FLAVORS & FRAGRANCES INC COM 459506101 12498 402000 SH Sole 402000 IONICS INC. COM 462218108 8556 517000 SH Sole 517000 JEFFERSON PILOT CORP. COM 475070108 68423 1778144 SH Sole 267644 1510500 JP MORGAN CHASE COM 46625H100 160593 6773200 SH Sole 1294600 5478600 KENNAMETAL INC COM 489170100 54594 1940790 SH Sole 424290 1516500 KIRBY CORP. COM 497266106 34342 1396000 SH Sole 1347200 48800 LANDEC CORP COM 514766104 2365 860000 SH Sole 860000 LATTICE SEMICONDUCTOR COM 518415104 25433 3373110 SH Sole 1738410 1634700 LEUCADIA NATL CORP COM 527288104 12109 338810 SH Sole 335460 3350
5 PRIMECAP Management Company FORM 13F March 31, 2003
Voting Authority -------------------------- Title Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ---------------- --------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- LIBERTY CORP S C COM 530370105 24560 563310 SH Sole 547310 16000 LIBERTY MEDIA CORP COM 530718105 104797 10770484 SH Sole 2771892 7998592 LILLY ELI & CO COM 532457108 204179 3572680 SH Sole 941280 2631400 LINCOLN NATIONAL CORP. COM 534187109 10016 357700 SH Sole 152350 205350 LINDSAY MFG CO COM 535555106 3399 158100 SH Sole 158100 LINENS'N THINGS INC. COM 535679104 88551 4357830 SH Sole 1995730 2362100 LOWES COS INC COM 548661107 199711 4892490 SH Sole 547690 4344800 LSI LOGIC CORP COM 502161102 8905 1970090 SH Sole 570090 1400000 LUCENT TECHNOLOGIES INC. COM 549463107 1522 1035112 SH Sole 1035112 MACDERMID INC COM 554273102 34809 1702150 SH Sole 1702150 MANPOWER INC COM 56418H100 103050 3448780 SH Sole 1560730 1888050 MARSH & MCLENNAN COS., INC. COM 571748102 17052 400000 SH Sole 400000 MARTIN MARIETTA MATLS INC COM 573284106 7380 267300 SH Sole 258700 8600 MATTEL INC COM 577081102 5986 266030 SH Sole 261530 4500 MBIA, INC. COM 55262C100 27408 709315 SH Sole 144965 564350 MCCLATCHY CO CL A COM 579489105 33014 616040 SH Sole 110390 505650 MEADWESTVACO CORP. COM 583334107 56243 2468969 SH Sole 2339969 129000 MEDTRONIC INC COM 585055106 175742 3894996 SH Sole 680696 3214300 MENS WEARHOUSE COM 587118100 62032 4146550 SH Sole 890200 3256350 MERCK & COMPANY COM 589331107 19652 358750 SH Sole 56200 302550 METRO-GOLDWYN MAYER COM 591610100 17436 1660608 SH Sole 829808 830800 MICRON TECHNOLOGY INC COM 595112103 352045 43248756 SH Sole 5189406 38059350 MICROSOFT CORP. COM 594918104 597771 24691066 SH Sole 2859666 21831400 MIDWEST EXPRESS HOLDINGS COM 597911106 2180 1689640 SH Sole 589440 1100200 MILLIPORE CORP COM 601073109 203706 6229527 SH Sole 1342127 4887400 MINERALS TECHNOLOGIES INC. COM 603158106 38110 1000000 SH Sole 1000000 MISSISSIPPI CHEMICAL CORP COM 605288208 84 599310 SH Sole 547110 52200 MONSANTO CO. COM 61166W101 161621 9854966 SH Sole 2694471 7160495
6 PRIMECAP Management Company FORM 13F March 31, 2003
Voting Authority -------------------------- Title Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ---------------- --------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- MOTOROLA, INC. COM 620076109 271242 32838066 SH Sole 4160866 28677200 MURPHY OIL CORP. COM 626717102 127545 2887600 SH Sole 801800 2085800 MYKROLIS CORP. COM 62852p103 41166 4930101 SH Sole 856968 4073133 NEIMAN MARCUS B COM 640204301 34551 1284904 SH Sole 246047 1038857 NEIMAN MARCUS GRP CL A COM 640204202 82712 2853120 SH Sole 580720 2272400 NEWMONT MINING CO COM 651639106 26982 1031800 SH Sole 997400 34400 NEWS CORP LTD PFD(A) COM 652487802 89491 4183770 SH Sole 1647520 2536250 NIKE INC CL B COM 654106103 15426 300000 SH Sole 300000 NOBLE ENERGY INC. COM 655044105 196091 5718610 SH Sole 881610 4837000 NORDSTROM, INC. COM 655664100 35494 2191000 SH Sole 666500 1524500 NORFOLK SOUTHERN COM 655844108 23254 1252900 SH Sole 1211100 41800 NORTEL NETWORK CORP. COM 656568102 174601 83942947 SH Sole 13534747 70408200 NOVARTIS AG ADR COM 66987v109 713638 19256300 SH Sole 4223600 15032700 NOVOSTE CORP COM 67010C100 4908 540500 SH Sole 540500 OPTIMAL ROBOTICS COM 68388R208 4052 703500 SH Sole 703500 PALL CORP COM 696429307 48244 2412200 SH Sole 503900 1908300 PHARMACIA CORP COM 71713U102 972948 22469925 SH Sole 3076794 19393131 PHARMACYCLICS INC. COM 716933106 2394 714500 SH Sole 1250 713250 PIONEER NATURAL RES CO COM 723787107 21561 859000 SH Sole 859000 PLANTRONICS INC NEW COM 727493108 85537 5854700 SH Sole 5854700 POGO PRODUCING CO COM 730448107 232766 5852800 SH Sole 1122650 4730150 POTASH CORP SASK INC COM 73755L107 251900 4076050 SH Sole 942100 3133950 QUALCOMM INCORPORATED COM 747525103 212702 5908400 SH Sole 1291100 4617300 RAMBUS INC DEL COM COM 750917106 47814 3619500 SH Sole 715300 2904200 RAYTHEON COMPANY COM 755111507 153346 5405205 SH Sole 3370705 2034500 RESEARCH IN MOTION COM 760975102 86921 6655500 SH Sole 1740600 4914900 REX STORES CORP COM COM 761624105 11419 1125000 SH Sole 1125000 ROBERT HALF INTL COM 770323103 169279 12718170 SH Sole 1304770 11413400
7 PRIMECAP Management Company FORM 13F March 31, 2003
Voting Authority -------------------------- Title Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ---------------- --------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- ROHM & HAAS CO. COM 775371107 7451 250200 SH Sole 250200 ROYAL CARIBBEAN COM V7780T103 14542 967500 SH Sole 120000 847500 ROYAL DUTCH PETROLEUM COM 780257804 4670 114600 SH Sole 110250 4350 SABRE HOLDINGS CORP COM 785905100 164411 10333831 SH Sole 1089066 9244765 SCHLUMBERGER LTD COM 806857108 51661 1359150 SH Sole 154500 1204650 SEPRACOR INC COM 817315104 98603 7282346 SH Sole 1852646 5429700 SIGMA ALDRICH CORP COM 826552101 144501 3247950 SH Sole 83750 3164200 SKYWORKS SOLUTIONS, INC. COM 83088M102 9843 1580000 SH Sole 1580000 SONY CORP ADR NEW COM 835699307 266064 7573700 SH Sole 1038200 6535500 SOUTHWEST AIRLS CO COM 844741108 233192 16238985 SH Sole 1721098 14517887 SPRINT FON GROUP COM 852061100 163578 13921490 SH Sole 2089190 11832300 ST PAUL COS INC COM 792860108 7950 250000 SH Sole 250000 STMICROELECTRONICS ADR COM 861012102 1890 100000 SH Sole 100000 STRATTEC SEC CORP COM 863111100 17765 403760 SH Sole 179860 223900 SUPERGEN INC. COM 868059106 2156 772900 SH Sole 772900 SYMANTEC COM 871503108 113191 2889000 SH Sole 286200 2602800 SYMBOL TECHNOLOGIES COM 871508107 31017 3602450 SH Sole 3602450 TARGET CORPORATION COM 87612E106 141448 4834175 SH Sole 158450 4675725 TEKTRONIX INC COM 879131100 191803 11183840 SH Sole 1940290 9243550 TELLABS INC COM 879664100 50660 8749550 SH Sole 1314500 7435050 TEMPLE INLAND INC COM 879868107 89489 2392750 SH Sole 847600 1545150 TETRA TECH INC. COM 88162G103 15863 1121875 SH Sole 1121875 TEXAS INSTRS. INC. COM 882508104 488611 29847966 SH Sole 5582666 24265300 THOMAS & BETTS COM 884315102 66646 4700000 SH Sole 4700000 THQ, INC. COM 872443403 914 70000 SH Sole 5000 65000 TIFFANY & CO. COM 886547108 28059 1122350 SH Sole 77800 1044550 TJX COS INC NEW COM 872540109 236414 13432600 SH Sole 78300 13354300 TOM HILFIGER COMPANY COM G8915Z102 42071 5818975 SH Sole 2141175 3677800
8 PRIMECAP Management Company FORM 13F March 31, 2003
Voting Authority -------------------------- Title Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ---------------- --------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- TORCHMARK CORP COM 891027104 14855 414934 SH Sole 110134 304800 TRANSATLANTIC HLDGS COM 893521104 55390 845000 SH Sole 845000 TRANSWITCH CORP. COM 894065101 32 65000 SH Sole 65000 TRIQUINT SEMICONDUCTOR INC COM 89674K103 8215 2913000 SH Sole 688600 2224400 UMB FINANCIAL CORP COM 902788108 1775 48400 SH Sole 48400 UNION PACIFIC CORP. COM 907818108 523385 9516090 SH Sole 1559040 7957050 UNITED PARCEL SVC INC. COM 911312106 90383 1585665 SH Sole 224315 1361350 USA NETWORKS INC COM 902984103 13475 503000 SH Sole 503000 VARCO INTL INC COM 922122106 58470 3193356 SH Sole 1927681 1265675 VERISIGN INC. COM 92343E102 37473 4287500 SH Sole 11000 4276500 VIACOM INC. Cl B COM 925524308 19790 541904 SH Sole 41904 500000 VULCAN MATERIALS CO. COM 929160109 19136 633000 SH Sole 613600 19400 WASHINGTON POST CO. COM 939640108 50446 74037 SH Sole 13502 60535 WELLCHOICE INC. COM 949475107 516 24450 SH Sole 7500 16950 WEYERHAEUSER CO. COM 962166104 52697 1101750 SH Sole 327050 774700 XILINX INC COM 983919101 21418 914900 SH Sole 914900 XOMA LTD COM G9825R107 8332 2104000 SH Sole 2104000 YUM BRANDS INC. COM 988498101 6374 262000 SH Sole 262000 ZENITH NATL INS CORP COM 989390109 12089 563610 SH Sole 304910 258700 REPORT SUMMARY 215 DATA RECORDS 21027870 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED