Primecap Management Files Schedule 13G/A Reporting BMRN Ownership
Rhea-AI Filing Summary
Primecap Management Co/CA filed an amendment to Schedule 13G reporting beneficial ownership of 15,795,383 shares of BioMarin Pharmaceutical Inc. common stock, equal to 8.24% of the class. The filing shows Primecap has sole voting power over 15,087,400 shares and sole dispositive power over 15,795,383 shares. The statement is for CUSIP 09061G101 and designates the security class as common stock. Item 10 certifies the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing is dated as an event on 06/30/2025 and signed on 08/13/2025.
Positive
- Reporting person discloses a material stake of 15,795,383 shares (8.24%) in BioMarin, exceeding the 5% reporting threshold
- Filing documents sole dispositive power over 15,795,383 shares, clarifying control of disposition for the position
- Item 10 certification states the position was acquired and is held in the ordinary course of business, not to influence control
Negative
- None.
Insights
TL;DR Primecap holds an 8.24% stake in BioMarin with sole dispositive control; disclosure is a material ownership update.
Primecap Management reports beneficial ownership of 15,795,383 shares (8.24%) of BioMarin common stock via a Schedule 13G/A. The filing documents sole voting power of 15,087,400 shares and sole dispositive power of 15,795,383 shares, indicating Primecap controls trading decisions for the position. The Item 10 certification states the position was acquired and is held in the ordinary course, not to influence control. For investors, this is a material ownership disclosure but not an operational change.
TL;DR This Schedule 13G/A signals a sizable passive stake (8.24%) and confirms no declared intent to change issuer control.
The amendment clarifies Primecap's stake and voting/dispositive authority without indicating activist intent. The explicit certification that the shares were not acquired to influence control is important for governance assessment: it frames the holding as passive under the Schedule 13G framework. While the stake exceeds the 5% reporting threshold and is material, the filing contains no proposals, arrangements, or group affiliations that would suggest governance action.