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Primoris Services
PRIM

140 hedge funds and large institutions have $877M invested in Primoris Services in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 64 increasing their positions, 48 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 48

7% less capital invested

Capital invested by funds: $945M → $877M (-$68.1M)

8% less funds holding

Funds holding: 153 → 140 (-13)

46% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 28

Holders
140
Holders Change
-13
Holders Change %
-8.5%
% of All Funds
4.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
64
Reduced
48
Closed
28
Calls
$339K
Puts
–
Net Calls
+$339K
Net Calls Change
+$887K

Top Buyers

1
PM
Pembroke Management
Quebec, Canada
+$7.74M
2
Macquarie Group
Macquarie Group
Australia
+$7.44M
3
GKIM
GW&K Investment Management
Massachusetts
+$7.22M
4
HCM
Hodges Capital Management
Texas
+$7.04M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$6.88M

Top Sellers

1
FCM
Frontier Capital Management
Massachusetts
-$22.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$19.2M
3
FAM
Fred Alger Management
New York
-$8.66M
4
HW
Hancock Whitney
Mississippi
-$8.14M
5
Victory Capital Management
Victory Capital Management
Texas
-$4.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$13.2M +$1.91M +69,603 +16%
Northern Trust
27
Northern Trust
Illinois
$13M +$201K +7,347 +2%
EMFAT
28
Emerald Mutual Fund Advisers Trust
Pennsylvania
$12.8M +$2.97M +108,387 +29%
Ameriprise
29
Ameriprise
Minnesota
$12.7M -$724K -26,403 -5%
FA
30
Friess Associates
Delaware
$11.8M +$6.62M +241,509 +121%
EAM
31
Eagle Asset Management
Florida
$8.79M -$1.16M -42,150 -11%
Norges Bank
32
Norges Bank
Norway
$8.26M +$5.12M +186,663 +154%
PC
33
Pier Capital
Connecticut
$6.75M -$77.8K -2,840 -1%
CIBC World Market
34
CIBC World Market
Ontario, Canada
$5.69M +$425K +15,500 +8%
MAA
35
Managed Account Advisors
New Jersey
$5.54M +$1.02M +37,191 +22%
Point72 Asset Management
36
Point72 Asset Management
Connecticut
$5.38M +$5.49M +200,300 New
Geode Capital Management
37
Geode Capital Management
Massachusetts
$5.34M +$63.8K +2,329 +1%
BPIM
38
Brant Point Investment Management
New York
$5.1M +$3.8M +138,600 +270%
Fidelity Investments
39
Fidelity Investments
Massachusetts
$5.07M -$19.2M -701,319 -79%
TCIM
40
TIAA CREF Investment Management
New York
$4.41M -$92.5K -3,375 -2%
Wells Fargo
41
Wells Fargo
California
$4.38M -$2.76M -100,807 -38%
1CM
42
1492 Capital Management
Wisconsin
$4.36M +$113K +4,117 +3%
VHMC
43
Value Holdings Management Company
New York
$3.92M +$2.23M +81,250 +125%
HAI
44
Hennessy Advisors Inc
California
$3.66M -$121K -4,400 -3%
Deutsche Bank
45
Deutsche Bank
Germany
$3.12M +$616K +22,464 +24%
GMCM
46
Gruber & McBaine Capital Management
California
$2.95M +$167K +6,104 +6%
BIM
47
BlackRock Investment Management
Delaware
$2.8M +$29K +1,059 +1%
Charles Schwab
48
Charles Schwab
California
$2.78M +$64.1K +2,339 +2%
NIP
49
Nicholas Investment Partners
California
$2.73M -$63.2K -2,307 -2%
ACM
50
Apex Capital Management
Ohio
$2.64M +$267K +9,727 +11%
1
2
3 4 5

PRIM Hedge Fund Activity: Q3 2014 in Review

140 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q3 2014, worth a combined $877M — down 7.2% from $945M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of PRIM and 15 opened new positions — a net loss of 13 holders — while 48 trimmed existing stakes and 64 added.

The largest buyer was Pembroke Management, adding an estimated $7.74M. The largest seller was Frontier Capital Management, cutting an estimated $22.1M.

  • 140 institutional investors held Primoris Services (PRIM) as of Q3 2014, down from 153 in Q2 2014.
  • Funds reported $877M of Primoris Services stock for Q3 2014, down 7.2% quarter-over-quarter.
  • 15 funds opened new Primoris Services positions in Q3 2014 and 28 closed out, a net change of -13 holders.
  • The largest Primoris Services buyer in Q3 2014 was Pembroke Management, an estimated $7.74M added.
  • The largest Primoris Services seller in Q3 2014 was Frontier Capital Management, an estimated $22.1M sold.

Based on aggregated 13F filings for Q3 2014.