Primecap Management Co. CA Cuts Stake in Amgen Inc. by Nearly a Quarter
Primecap Management Co. CA reduced its stake in Amgen Inc. (NASDAQ:AMGN) by 23.9% during the second quarter, according to a recent SEC disclosure.
The fund owned 6,756,962 shares of Amgen's stock after selling 2,117,167 shares during the quarter.
Amgen comprises about 1.4% of Primecap Management Co. CA's investment portfolio, making it the company's 16th biggest position.