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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
MM
251
MQS Management
New York
– -$416K -12,516 Closed
SGI
252
Summit Global Investments
Utah
– -$381K -11,465 Closed
VI
253
Versor Investments
New York
– -$366K -11,016 Closed
PMEF
254
Point72 Middle East FZE
United Arab Emirates
– -$306K -9,221 Closed
AIM
255
Aigen Investment Management
New York
– -$303K -9,127 Closed
SSA
256
Schonfeld Strategic Advisors
New York
– -$282K -8,500 Closed
PSP
257
Principal Street Partners
Tennessee
– -$260K -7,844 Closed
Mackenzie Financial
258
Mackenzie Financial
Ontario, Canada
– -$259K -7,800 Closed
ARC
259
Advisor Resource Council
Texas
– -$247K -7,432 Closed
CP
260
Camelot Portfolios
Ohio
– -$239K -7,201 Closed
GAM
261
Gotham Asset Management
New York
– -$206K -6,188 Closed
PWS
262
Precision Wealth Strategies
Missouri
– -$202K -6,073 Closed
Ohio Public Employees Retirement System (OPERS)
263
Ohio Public Employees Retirement System (OPERS)
Ohio
– -$181K -5,448 Closed
State of Tennessee, Department of Treasury
264
State of Tennessee, Department of Treasury
Tennessee
– -$173K -5,200 Closed
PHK
265
Point72 Hong Kong
Hong Kong
– -$43.2K -1,300 Closed
FUBT
266
First United Bank & Trust
Maryland
– -$6.87K -207 Closed
HIM
267
Hillsdale Investment Management
Ontario, Canada
– -$4.65K -140 Closed
CIA
268
Cape Investment Advisory
Georgia
– -$1.93K -58 Closed
RFG
269
RFP Financial Group
Georgia
– -$1.26K -38 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.