PRIMECAP Maintains Large Stake in Xencor, Holds 8.9M Shares

TL;DR

**PRIMECAP still owns 8.9M Xencor shares, a big vote of confidence.**

AI Summary

PRIMECAP Management Company, a major institutional investor, filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in Xencor Inc. As of December 31, 2023, PRIMECAP beneficially owned 8,901,607 shares of Xencor's common stock, representing a significant stake. This filing indicates a continued, substantial investment by a large fund, which can be seen as a vote of confidence in Xencor's future prospects for current and potential shareholders.

Why It Matters

This filing shows that a major institutional investor, PRIMECAP Management Company, continues to hold a substantial position in Xencor, signaling their long-term confidence in the company's value.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant institutional holding, which generally reduces volatility and provides a degree of stability to the stock.

Analyst Insight

A smart investor would view PRIMECAP's continued substantial holding as a positive signal, suggesting confidence in Xencor's long-term value, and might consider further research into Xencor's fundamentals.

Key Numbers

• 8,901,607 — Shares Beneficially Owned (This is the total number of Xencor shares PRIMECAP Management Company holds, indicating their significant investment.)
• 95-3868081 — PRIMECAP's IRS ID (This unique identifier confirms the reporting entity as PRIMECAP Management Company.)

Key Players & Entities

• PRIMECAP Management Company (company) — the reporting person and institutional investor
• Xencor Inc. (company) — the subject company (issuer) whose shares are being reported
• 8,901,607 (dollar_amount) — the aggregate number of shares beneficially owned by PRIMECAP
• December 31, 2023 (date) — the date of the event requiring the filing
• February 12, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• PRIMECAP Management Company will likely maintain a significant stake in Xencor Inc. for the foreseeable future. (PRIMECAP Management Company) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• xncra15_21224.htm (SC 13G/A) — 26KB
• 0001085146-24-001088.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Xencor, Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 465 North Halstead Street, Suite 200, Pasadena, CA 91107

(a)

ITEM 2(a). NAME OF PERSON FILING: PRIMECAP Management Company

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 177 E. Colorado Blvd., 11th Floor, Pasadena, CA 91105

(c)

ITEM 2(c). CITIZENSHIP: U.S.A.

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: COM

(e)

ITEM 2(e). CUSIP NUMBER: 98401F105 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 8,901,607 (b) Percent of class: 14.62% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 8,901,607 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 8,901,607 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securiti

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View this SC 13G/A filing on SEC EDGAR