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Primoris Services
PRIM

241 hedge funds and large institutions have $2.09B invested in Primoris Services in 2024 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 77 increasing their positions, 89 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

62,129% more call options, than puts

Call options by funds: $13.1M | Put options by funds: $21K

57% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 28

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

26% more capital invested

Capital invested by funds: $1.66B → $2.09B (+$432M)

6% more funds holding

Funds holding: 227 → 241 (+14)

0.72% less ownership

Funds ownership: 93.59% → 92.87% (-0.72%)

13% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 89

Holders
241
Holders Change
+14
Holders Change %
+6.17%
% of All Funds
3.47%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.1%
New
44
Increased
77
Reduced
89
Closed
28
Calls
$13.1M
Puts
$21K
Net Calls
+$13M
Net Calls Change
+$13M

Top Buyers

1
IECM
Intrinsic Edge Capital Management
Illinois
+$20.2M
2
Franklin Resources
Franklin Resources
California
+$18.5M
3
Citadel Advisors
Citadel Advisors
Florida
+$10.3M
4
DIA
Dana Investment Advisors
Wisconsin
+$10.2M
5
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$9.65M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$39.7M
2
Charles Schwab
Charles Schwab
California
-$16.9M
3
DCM
Driehaus Capital Management
Illinois
-$11.8M
4
BlackRock
BlackRock
New York
-$11.3M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Nisa Investment Advisors
226
Nisa Investment Advisors
Missouri
$3.92K +$1.59K +43 +88%
PWMG
227
Private Wealth Management Group
New Jersey
$3.49K – – –
DA
228
Denali Advisors
California
$3.11K +$738 +20 +38%
GFPC
229
Global Financial Private Client
Florida
$3.08K – – –
EBA
230
Eagle Bay Advisors
New York
$2K +$1.74K +47 New
C
231
Covestor
United Kingdom
$2K -$83.5K -2,263 -98%
LC
232
Lindbrook Capital
California
$1.83K – – –
AAP
233
Arax Advisory Partners
Colorado
$1.66K – – –
LTI
234
Laffer Tengler Investments
Tennessee
$1.28K +$1.11K +30 New
MCM
235
Manchester Capital Management
Vermont
$980 – – –
AWM
236
Avior Wealth Management
Nebraska
$425 +$369 +10 New
AF
237
Allworth Financial
California
$384 – – –
GI
238
GAMMA Investing
California
$341 – – –
RIL
239
Rothschild Investment LLC
Illinois
$255 +$185 +5 +500%
FFA
240
Farther Finance Advisors
California
$43 -$185 -5 -83%
HNB
241
Huntington National Bank
Ohio
$43 – – –
DCM
242
Driehaus Capital Management
Illinois
– -$11.8M -355,489 Closed
Walleye Capital
243
Walleye Capital
New York
– -$3.56M -107,300 Closed
JF
244
Jump Financial
Illinois
– -$1.09M -32,968 Closed
QT
245
Quantbot Technologies
New York
– -$1.07M -32,077 Closed
JCIA
246
Jackson Creek Investment Advisors
Colorado
– -$1.01M -30,362 Closed
PTC
247
Petrus Trust Company
Texas
– -$652K -19,622 Closed
Walleye Trading
248
Walleye Trading
New York
– -$548K -16,516 Closed
Voloridge Investment Management
249
Voloridge Investment Management
Florida
– -$527K -15,856 Closed
Renaissance Technologies
250
Renaissance Technologies
New York
– -$472K -14,210 Closed
7 8 9
10
11

PRIM Hedge Fund Activity: Q1 2024 in Review

241 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q1 2024, worth a combined $2.09B — up 26% from $1.66B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PRIM positions and 28 closed out — a net gain of 16 holders — while 77 added to existing stakes and 89 trimmed.

The largest buyer was Intrinsic Edge Capital Management, opening a new position worth an estimated $20.2M. The largest seller was Morgan Stanley, cutting an estimated $39.7M.

  • 241 institutional investors held Primoris Services (PRIM) as of Q1 2024, up from 227 in Q4 2023.
  • Funds reported $2.09B of Primoris Services stock for Q1 2024, up 26% quarter-over-quarter.
  • 44 funds opened new Primoris Services positions in Q1 2024 and 28 closed out, a net change of +16 holders.
  • The largest Primoris Services buyer in Q1 2024 was Intrinsic Edge Capital Management, an estimated $20.2M added.
  • The largest Primoris Services seller in Q1 2024 was Morgan Stanley, an estimated $39.7M sold.

Based on aggregated 13F filings for Q1 2024.