13F-HR 1 a2176042z13f-hr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2006 ----------------------- 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 Street ------------------------------- 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, California 02/09/07 ------------------------------- -------------------- ------------- [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: 58427034 -------------------- (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.] PRIMECAP Management Company FORM 13F DECEMBER 29, 2006
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- -------------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- 3M COMPANY COM 88579Y101 107767 1382866 SH Sole 738916 643950 99 CENTS ONLY STORES COM 65440k106 62733 5154700 SH Sole 2223700 2931000 ABERCROMBIE & FITCH A COM 002896207 40274 578400 SH Sole 578400 ABIOMED INC. COM 003654100 2090 148200 SH Sole 148200 AC MOORE ARTS & CRAFTS COM 00086T103 1571 72500 SH Sole 31000 41500 ACCENTURE LTD. CL A COM G1150G111 170847 4626250 SH Sole 47800 4578450 ADOBE SYS INC COM 00724F101 1827464 44442226 SH Sole 5801816 38640410 ADVANCE AMER CASH ADV CNTR COM 00739W107 1263 86200 SH Sole 57200 29000 AFFYMETRIX INC. COM 00826T108 141472 6134950 SH Sole 2684350 3450600 AFLAC INC. COM 001055102 56401 1226100 SH Sole 20000 1206100 AGILENT TECHNOLOGIES COM 00846U101 29072 834192 SH Sole 106004 728188 AKAMAI TECHNOLOGIES INC COM 00971T101 903 17000 SH Sole 17000 ALASKA AIRGROUP INC. COM 011659109 105111 2661050 SH Sole 98000 2563050 ALCOA INC COM 013817101 309232 10304300 SH Sole 4046800 6257500 ALCON INC. COM H01301102 2459 22000 SH Sole 22000 ALEXANDER & BALDWIN COM 014482103 70199 1583200 SH Sole 1318600 264600 ALLEGIANT TRAVEL CO COM 01748X102 2816 100350 SH Sole 27400 72950 ALPHA NATURAL RESOURCES COM 02076X102 142 10000 SH Sole 10000 ALTERA CORP. COM 021441100 109753 5576900 SH Sole 324900 5252000 AMERICAN INTL GROUP COM 026874107 392634 5479129 SH Sole 1205036 4274093 AMERICAN ITALIAN PASTA COM 027070101 18605 2090410 SH Sole 1772400 318010 AMGEN INC. COM 031162100 726639 10637371 SH Sole 2253900 8383471 AMIS HOLDINGS INC COM 031538101 7388 698920 SH Sole 315900 383020 AMR CORPORATION COM 001765106 529994 17532064 SH Sole 3499084 14032980 APPLERA-APPLIED BIOSYS COM 038020103 808924 22047540 SH Sole 4258590 17788950 APPLERA-CELERA GENOMICS COM 038020202 15020 1073600 SH Sole 1073600 APPLIED MATERIALS COM 038222105 232001 12574600 SH Sole 3280600 9294000 APPLIED MICRO CIRCUITS COM 03822W109 285 80000 SH Sole 80000
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- -------------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- ARCH COAL INC. COM 039380100 115546 3847700 SH Sole 1175000 2672700 ARVINMERITOR COM 043353101 29701 1629250 SH Sole 1629250 ASM LITHOGRAPHY COM N07059111 594169 24123800 SH Sole 7848700 16275100 AUTODESK INC. COM 052769106 103003 2545800 SH Sole 5800 2540000 AVERY DENNISON CORP. COM 053611109 269278 3964050 SH Sole 1594300 2369750 AVID TECHNOLOGY COM 05367P100 81331 2182800 SH Sole 158800 2024000 AVOCENT CORP. COM 053893103 65826 1944650 SH Sole 104400 1840250 AVON PRODUCTS COM 054303102 126502 3828750 SH Sole 1010350 2818400 BANK OF NEW YORK COM 064057102 667327 16950145 SH Sole 4846695 12103450 BASIN WATER COM 07011T306 130 19260 SH Sole 19260 BED BATH & BEYOND INC. COM 075896100 369606 9700955 SH Sole 4071589 5629366 BERKSHIRE HATHAWAY B COM 084670207 538312 146839 SH Sole 56429 90410 BEST BUY CO INC COM 086516101 158982 3232000 SH Sole 397300 2834700 BIOGEN IDEC COM 09062X103 1597963 32485532 SH Sole 6808403 25677129 BIOMARIN PHARMA COM 09061G101 111675 6813587 SH Sole 1762687 5050900 BLUE NILE INC. COM 09578R103 967 26200 SH Sole 6000 20200 BOSTON SCIENTIFIC CORP COM 101137107 799423 46532192 SH Sole 9222254 37309938 BROCADE COMMUNICATIONS SYS COM 111621108 3693 449800 SH Sole 67600 382200 BRONCO DRILLING COM 112211107 448 26075 SH Sole 18000 8075 BRUNSWICK CORP. COM 117043109 3573 112000 SH Sole 112000 BURLINGTON NORTHERN COM 12189T104 7543 102200 SH Sole 2200 100000 CALIFORNIA PIZZA KITCHEN COM 13054D109 1391 41750 SH Sole 12500 29250 CANADIAN NATL RY COM 136375102 60575 1407730 SH Sole 1031530 376200 CANADIAN PACIFIC RAILWAY LTD. COM 13645T100 46925 889400 SH Sole 889400 CAPITAL ONE FINCL. CORP. COM 14040H105 60526 787900 SH Sole 45000 742900 CARDICA, INC COM 14141R101 1130 239400 SH Sole 239400 CARMAX INC. COM 143130102 307886 5740920 SH Sole 2776420 2964500 CATERPILLAR INC DEL COM 149123101 663896 10824982 SH Sole 4172886 6652096
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- -------------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- CHARLES RIVER LAB COM 159864107 571 13200 SH Sole 13200 CHEVRON CORP. COM 166764100 19765 268796 SH Sole 1196 267600 CHICAGO BRIDGE & IRON COM 167250109 6644 243000 SH Sole 18000 225000 CHICO'S FAS COM 168615102 38262 1849300 SH Sole 578300 1271000 CHUBB CORP. COM 171232101 390167 7374170 SH Sole 2274370 5099800 CIENA CORP COM 171779309 19363 698767 SH Sole 81640 617127 CITRIX SYSTEMS INC. COM 177376100 388682 14369026 SH Sole 2313426 12055600 COHERENT INC COM 192479103 67842 2148950 SH Sole 2148950 COMCAST CORP CABLE COM 20030N101 252892 5974300 SH Sole 1731300 4243000 COMMERCE BANCORP INC. COM 200519106 1058 30000 SH Sole 30000 COMVERSE TECHNOLOGY COM 205862402 188570 8932740 SH Sole 1084315 7848425 CONCEPTUS INC. COM 206016107 11517 540950 SH Sole 235950 305000 CONCURRENT COMPUTER COM 206710204 5837 3224880 SH Sole 3224880 CONOCOPHILLIPS COM 20825C104 1216072 16901624 SH Sole 3115324 13786300 CONTINENTAL AIRLINES CL B COM 210795308 2636 63900 SH Sole 63900 COOPER TIRE & RUBBER CO. COM 216831107 34200 2391600 SH Sole 1837600 554000 CORNING INC COM 219350105 851589 45515200 SH Sole 7777850 37737350 COSTCO WHOLESALE COM 22160K105 477527 9032098 SH Sole 1452998 7579100 COTT CORPORATION COM 22163N106 60228 4208800 SH Sole 1993100 2215700 CYMER INC. COM 232572107 38636 879100 SH Sole 119100 760000 DEERE & CO COM 244199105 147401 1550450 SH Sole 219600 1330850 DELL INC COM 24702R101 34985 1394400 SH Sole 4200 1390200 DENDREON CORP. COM 24823Q107 9515 2281750 SH Sole 209000 2072750 DESCARTES SYS GRP INC COM 249906108 20915 5667990 SH Sole 872090 4795900 DIRECTV GROUP INC. COM 25459L106 1347216 54018298 SH Sole 10795613 43222685 DISNEY WALT CO. COM 254687106 291846 8516074 SH Sole 1871550 6644524 DOLBY LABORATORIES COM 25659T107 1014 32700 SH Sole 28700 4000 DOMTAR LTD COM 257561100 48090 5697900 SH Sole 60000 5637900
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- -------------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- DONALDSON INC COM 257651109 55814 1608000 SH Sole 1608000 DOW CHEMICAL CO. COM 260543103 116975 2931700 SH Sole 252200 2679500 DOW JONES & CO INC COM 260561105 58326 1534900 SH Sole 1265500 269400 DREAM WORKS ANIMATION COM 26153C103 9286 314900 SH Sole 314900 DRESS BARN INC COM 261570105 109712 4702600 SH Sole 302600 4400000 E SPEED INC. COM 296643109 2340 268000 SH Sole 36000 232000 EAST WEST BANCORP COM 27579R104 23416 661100 SH Sole 5000 656100 EASTMAN KODAK COM 277461109 332910 12903500 SH Sole 2855200 10048300 EBAY INC. COM 278642103 353894 11769000 SH Sole 1255000 10514000 EDWARDS LIFE COM 28176E108 14112 300000 SH Sole 300000 EMBARQ CORP. COM 29078E105 46286 880638 SH Sole 187919 692719 EMC CORP/MASS COM 268648102 392579 29740800 SH Sole 7432600 22308200 EMULEX CORP. COM 292475209 124981 6406000 SH Sole 1482900 4923100 ENCANA CORP. COM 292505104 243154 5291700 SH Sole 655600 4636100 ENTEGRIS INC COM 29362U104 63392 5858759 SH Sole 998974 4859785 EOG RESOURCES INC. COM 26875P101 147551 2362700 SH Sole 77000 2285700 ERICSSON (LM) TEL 'B' ADS COM 294821608 333814 8297644 SH Sole 2450097 5847547 EXPEDIA INC. COM 30212P105 8565 408250 SH Sole 408250 FARO TECHNOLOGIES INC. COM 311642102 2248 93500 SH Sole 64000 29500 FEDERAL NATL MTG ASSN COM 313586109 126162 2124300 SH Sole 48000 2076300 FEDEX CORP COM 31428X106 2255205 20762332 SH Sole 3545607 17216725 FEI COMPANY COM 30241L109 3692 140000 SH Sole 3500 136500 FIFTH THIRD BANCORP COM 316773100 28479 695800 SH Sole 69000 626800 FLUOR CORP. COM 343412102 260974 3196250 SH Sole 715900 2480350 FORMFACTOR INC COM 346375108 93181 2501500 SH Sole 253500 2248000 FREDDIE MAC COM 313400301 24631 362750 SH Sole 65000 297750 GENERAL ELECTRIC CO. COM 369604103 100992 2714100 SH Sole 1964000 750100 GENTEX CORPORATION COM 371901109 17412 1119000 SH Sole 219000 900000
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- -------------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- GENZYME CORP. COM 372917104 407079 6610569 SH Sole 1679619 4930950 GLAXOSMITHKLINE plc (ADR) COM 37733W105 582386 11038400 SH Sole 3958700 7079700 GLOBAL SANTA FE CORP COM G3930E101 103435 1759700 SH Sole 1400 1758300 GOOGLE COM 38259P508 385302 836740 SH Sole 47000 789740 GRANITE CONSTR INC COM 387328107 92528 1838800 SH Sole 4000 1834800 GREATBATCH INC. COM 39153L106 39498 1467250 SH Sole 1239850 227400 HANMI FINANCIAL CORPORATION COM 410495105 2647 117500 SH Sole 114000 3500 HANOVER COMPRESSOR CO COM 410768105 27202 1440000 SH Sole 38000 1402000 HARMAN INTERNATIONAL COM 413086109 35858 358900 SH Sole 16000 342900 HESS CORPORATION COM 42809H107 432082 8716612 SH Sole 2169262 6547350 HEWLETT-PACKARD CO. COM 428236103 697060 16923035 SH Sole 2110181 14812854 IAC/INTERACTIVE CORP COM 44919P300 4023 108250 SH Sole 108250 ICOS CORP COM 449295104 145568 4308016 SH Sole 2517916 1790100 IMAX CORP. COM 45245E109 413 109750 SH Sole 9750 100000 INDYMAC BANCORP. COM 456607100 19875 440100 SH Sole 440100 INPHONIC INC. COM 45772G105 2839 256000 SH Sole 176500 79500 INTEL CORP COM 458140100 594398 29352991 SH Sole 8619794 20733197 INTERSIL CORPORATION COM 46069S109 126582 5291875 SH Sole 1381275 3910600 INTUIT INC COM 461202103 668883 21923414 SH Sole 4472314 17451100 ISILON SYSTEMS INC COM 46432L104 1013 37000 SH Sole 10000 27000 JET BLUE AIRWAYS COM 477143101 106601 7507124 SH Sole 3450224 4056900 JPMORGAN CHASE & CO. COM 46625H100 53982 1117648 SH Sole 130000 987648 KBW, INC. COM 482423100 297 10100 SH Sole 2800 7300 KINETIC CONCEPTS COM 49460W208 4271 108000 SH Sole 108000 KIRBY CORP. COM 497266106 135680 3975376 SH Sole 3346776 628600 KLA-TENCOR CORP. COM 482480100 41840 841000 SH Sole 76000 765000 KOHLS CORP. COM 500255104 365803 5345650 SH Sole 1637050 3708600 LILLY ELI & CO COM 532457108 1842250 35359889 SH Sole 9821288 25538601
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- -------------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- LOWES COS INC COM 548661107 139275 4471100 SH Sole 462400 4008700 MACDERMID INC COM 554273102 58316 1710150 SH Sole 1710150 MACROVISION CORP. COM 555904101 144077 5098281 SH Sole 1427106 3671175 MARKETAXESS HLDGS INC. COM 57060D108 2942 216820 SH Sole 143620 73200 MARSH & MCLENNAN COS. COM 571748102 498099 16245875 SH Sole 4290100 11955775 MATTEL INC COM 577081102 201146 8876700 SH Sole 3410500 5466200 MBIA INC. COM 55262C100 52751 722025 SH Sole 28300 693725 MCAFEE INC. COM 579064106 10940 385500 SH Sole 134500 251000 MCDERMOTT INTL. COM 580037109 20603 405100 SH Sole 75100 330000 MEADWESTVACO CORP. COM 583334107 42457 1412400 SH Sole 819900 592500 MEDAREX INC COM 583916101 3752 253700 SH Sole 223700 30000 MEDTRONIC INC COM 585055106 1431303 26748320 SH Sole 5437368 21310952 MENS WEARHOUSE COM 587118100 174694 4565982 SH Sole 938232 3627750 MICRON TECHNOLOGY INC COM 595112103 789414 56548306 SH Sole 7794669 48753637 MICROSOFT CORP. COM 594918104 1240382 41539907 SH Sole 7081360 34458547 MILLIPORE CORP COM 601073109 411069 6172209 SH Sole 1291959 4880250 MINERALS TECHNOLOGIES COM 603158106 118415 2014200 SH Sole 350100 1664100 MONSANTO CO. COM 61166W101 959171 18259486 SH Sole 5289130 12970356 MONSTER WORLDWIDE COM 611742107 1073 23000 SH Sole 23000 MOTOROLA INC. COM 620076109 498284 24235596 SH Sole 3754483 20481113 MURPHY OIL CORP. COM 626717102 327154 6433700 SH Sole 2334600 4099100 NATIONAL-OILWELL VARCO COM 637071101 265601 4341312 SH Sole 2619286 1722026 NAVTEQ CORP COM 63936L100 14418 412300 SH Sole 207300 205000 NEWMONT MINING CO COM 651639106 101177 2240900 SH Sole 1674600 566300 NEWS CORP Cl A COM 65248E104 3866 180000 SH Sole 180000 NOBLE CORP COM G65422100 52532 689850 SH Sole 318550 371300 NOBLE ENERGY INC. COM 655044105 411423 8384400 SH Sole 713800 7670600 NORDSTROM INC. COM 655664100 332591 6740800 SH Sole 2733200 4007600
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- -------------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- NORFOLK SOUTHERN COM 655844108 59058 1174350 SH Sole 926500 247850 NORTEL NETWORKS CORP. COM 656568508 423286 15835610 SH Sole 3489640 12345970 NOVARTIS AG ADR COM 66987v109 1764374 30716821 SH Sole 7710761 23006060 NUANCE COMMUNICATIONS COM 67020Y100 5088 444000 SH Sole 117000 327000 NVIDIA CORP. COM 67066g104 556823 15045214 SH Sole 3218514 11826700 NYMEX HOLDINGS INC COM 62948N104 3720 30000 SH Sole 8000 22000 OPSWARE COM 68383A101 6789 769700 SH Sole 252700 517000 ORACLE CORP. COM 68389X105 987438 57610125 SH Sole 12128725 45481400 PALL CORP COM 696429307 212127 6139700 SH Sole 1242700 4897000 PAYCHEX INC. COM 704326107 66174 1673600 SH Sole 21200 1652400 PFIZER INC. COM 717081103 439130 16954813 SH Sole 2636950 14317863 PHARMACYCLICS INC. COM 716933106 7862 1550750 SH Sole 355500 1195250 PHELPS DODGE CORP. COM 717265102 162843 1360200 SH Sole 328000 1032200 PIONEER NATURAL RES CO COM 723787107 71595 1803850 SH Sole 520350 1283500 PLANTRONICS INC NEW COM 727493108 124672 5880750 SH Sole 5880750 POGO PRODUCING CO COM 730448107 298785 6168146 SH Sole 1396346 4771800 POSSIS MEDICAL COM 737407106 7716 572400 SH Sole 532400 40000 POTASH CORP SASK INC COM 73755L107 1483227 10337515 SH Sole 2631615 7705900 PRAXAIR INC. COM 74005P104 350410 5906125 SH Sole 1488750 4417375 PRIDE INTERNATIONAL COM 74153Q102 56290 1875700 SH Sole 1001700 874000 QUALCOMM INCORP. COM 747525103 624208 16517800 SH Sole 4019100 12498700 QUIKSILVER COM 74838C106 132632 8421100 SH Sole 3817300 4603800 RADVISION LTD COM M81869105 2932 146000 SH Sole 51250 94750 RAMBUS INC DEL COM COM 750917106 190754 10076827 SH Sole 1837327 8239500 RESEARCH IN MOTION COM 760975102 612012 4789574 SH Sole 1169374 3620200 REX STORES CORP COM COM 761624105 3255 183500 SH Sole 183500 ROCHE HOLDING AG-CHF COM 7110388 683030 3809400 SH Sole 37400 3772000 SCHLUMBERGER LTD COM 806857108 600260 9503794 SH Sole 2646194 6857600
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- -------------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- SCRIPPS CO (E.W.)-CL A COM 811054204 1548 31000 SH Sole 31000 SEMICONDUCTOR MANUFACT COM 81663N206 207 32200 SH Sole 32200 SENOMYX INC COM 81724Q107 1593 122600 SH Sole 78100 44500 SEPRACOR INC COM 817315104 438956 7128228 SH Sole 2951928 4176300 SILICON LABS INC. COM 826919102 790 22800 SH Sole 22800 SLM CORPORATION COM 78442P106 9266 190000 SH Sole 5000 185000 SONICWALL INC. COM 835470105 682 81000 SH Sole 72000 9000 SONY CORP ADR NEW COM 835699307 875370 20438250 SH Sole 5649550 14788700 SOUTHWEST AIRLS CO COM 844741108 593718 38754425 SH Sole 9099750 29654675 SPRINT NEXTEL COM 852061100 447605 23695345 SH Sole 4175945 19519400 ST. PAUL TRAVELERS COS. COM 792860108 70135 1306300 SH Sole 874800 431500 STATE STREET CORP COM 857477103 14135 209600 SH Sole 29600 180000 STRATASYS INC COM 862685104 6697 213200 SH Sole 145000 68200 STRATTEC SEC CORP COM 863111100 18660 400437 SH Sole 175337 225100 SURMODICS INC. COM 868873100 3330 107000 SH Sole 107000 SYMANTEC COM 871503108 741975 35586352 SH Sole 8636752 26949600 SYMBOL TECHNOLOGIES COM 871508107 78138 5230150 SH Sole 5230150 TARGET CORPORATION COM 87612E106 321037 5627297 SH Sole 360705 5266592 TCF FINANCIAL CORP. COM 872275102 9597 350000 SH Sole 20000 330000 TEKTRONIX INC COM 879131100 329195 11285408 SH Sole 1765358 9520050 TELLABS INC COM 879664100 148 14394 SH Sole 14394 TEMPLE INLAND INC COM 879868107 3222 70000 SH Sole 70000 TEXAS INSTRS. INC. COM 882508104 1290544 44810564 SH Sole 10330564 34480000 THE 9 LDT ADS COM 88337K104 1933 60000 SH Sole 60000 THOMAS & BETTS COM 884315102 178038 3765600 SH Sole 2300 3763300 THQ INC. COM 872443403 163036 5013400 SH Sole 33400 4980000 TIFFANY & CO. COM 886547108 43580 1110600 SH Sole 110700 999900 TIM HORTONS INC COM 88706M103 208 7176 SH Sole 7176
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------- -------------- --------- -------- -------- --- ---- ------- -------- -------- ------ -------- TIME WARNER INC. COM 887317105 5626 258300 SH Sole 258300 TJX COS INC NEW COM 872540109 587968 20615975 SH Sole 1584700 19031275 TRANSATLANTIC HLDGS COM 893521104 63237 1018316 SH Sole 1018316 TRANSOCEAN INC COM G90078109 95129 1176025 SH Sole 17400 1158625 TRIMBLE NAVIGATION COM 896239100 214964 4237422 SH Sole 2238172 1999250 UNION PACIFIC CORP. COM 907818108 469203 5098924 SH Sole 1675124 3423800 UNITED PARCEL SVC INC. COM 911312106 29265 390306 SH Sole 61796 328510 UNIVISION COMMUNICATIONS COM 914906102 336061 9487900 SH Sole 2240500 7247400 US AIRWAYS GROUP INC COM 90341W108 6408 119000 SH Sole 60000 59000 VERIGY LTD. COM Y93691106 1813 102166 SH Sole 13013 89153 VERISIGN INC. COM 92343E102 159649 6638222 SH Sole 2686022 3952200 VIACOM INC. Cl B COM 92553P201 53154 1295500 SH Sole 357500 938000 VULCAN MATERIALS CO. COM 929160109 147046 1636210 SH Sole 1218010 418200 WASHINGTON MUTUAL INC. COM 939322103 5231 115000 SH Sole 15000 100000 WATERS CORP COM 941848103 61920 1264450 SH Sole 668050 596400 WEIGHT WATCHERS INT'L COM 948626106 7879 150000 SH Sole 150000 WELLS FARGO & CO. COM 949746101 43255 1216400 SH Sole 60000 1156400 WEYERHAEUSER CO. COM 962166104 547908 7755239 SH Sole 1729414 6025825 WHIRLPOOL CP COM 963320106 498826 6008500 SH Sole 1233200 4775300 WJ COMMUNICATIONS COM 929284107 188 120000 SH Sole 120000 YAHOO!INC. COM 984332106 210695 8249600 SH Sole 2789200 5460400 YUM BRANDS INC. COM 988498101 191944 3264350 SH Sole 600550 2663800 REPORT SUMMARY 246 DATA RECORDS 58427034 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED