Vanguard PRIMECAP Fund Investor Shares
VPMCX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Oct 31, 1984
- CIK
- 0000752177
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard PRIMECAP Fund (VPMCX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing primarily in large- and mid-cap growth-oriented U.S. equities, with flexibility to include stocks across all market capitalizations and sectors; it emphasizes out-of-favor companies with strong long-term growth potential at attractive valuations through a fundamental, research-driven stock selection process executed by multiple independent portfolio managers, each managing separate subportfolios, resulting in low portfolio turnover of approximately 4% and a concentrated portfolio where the top 10 holdings typically represent 30%-40% of assets. The fund offers Investor Shares (VPMCX, expense ratio 0.37%, minimum initial investment $3,000) and Admiral Shares (VPMAX, expense ratio 0.29%, minimum initial investment $3,000), with total net assets exceeding $74 billion as of late 2025; its portfolio is diversified across sectors such as information technology (28%), health care (24%), consumer discretionary (15%), and industrials (13%), with key holdings including Eli Lilly & Co., Alphabet Inc., Micron Technology Inc., Microsoft Corp., and NVIDIA Corp., alongside non-U.S. stocks comprising about 15% of assets. Launched on November 1, 1984, and domiciled in the United States, the fund is advised by PRIMECAP Management Company, founded in 1983 and headquartered in Pasadena, California, which has partnered exclusively with The Vanguard Group, Inc. (headquartered in Malvern, Pennsylvania) for nearly 40 years to manage this and related funds targeting individual and institutional investors in the large-blend category. In a significant strategic shift, Vanguard reopened the PRIMECAP Fund to all investors without restriction in June 2024, lifting closures in place since 2004 that had limited new accounts and capped existing investor purchases at $25,000 annually, following an assessment of sufficient investment capacity to maintain performance objectives; this reopening, which also applied to the companion PRIMECAP Core Fund (VPCCX), expands access to PRIMECAP's long-term, bottom-up equity strategies amid ongoing portfolio adjustments reflected in recent quarterly performance. The fund operates primarily in U.S. markets but includes global exposure through non-U.S. equities, serving retail and advisory clients via platforms like Vanguard, Fidelity, and Schwab.