Goldman Sachs Stake Cut by Primecap Management

Primecap Management Co. CA significantly reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 99.3% in the second quarter.

The institutional investor owned 1,130 shares of the investment management company's stock after selling 152,500 shares during the quarter.

Primecap Management Co. CA's holdings in The Goldman Sachs Group were worth $1,143,000 as of its most recent filing with the SEC.

The company had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion.

The firm's quarterly revenue was up 39.4% on a year-over-year basis.