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Primoris Services
PRIM

125 hedge funds and large institutions have $769M invested in Primoris Services in 2016 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 44 increasing their positions, 44 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 4

14% more funds holding

Funds holding: 110 → 125 (+15)

0% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 44

17% less capital invested

Capital invested by funds: $926M → $769M (-$157M)

100% less funds holding in top 10

Funds holding in top 10: 3 → 0 (-3)

Holders
125
Holders Change
+15
Holders Change %
+13.64%
% of All Funds
3.34%
Holding in Top 10
–
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
–
New
20
Increased
44
Reduced
44
Closed
4
Calls
$9.33M
Puts
–
Net Calls
+$9.33M
Net Calls Change
+$3.25M

Top Buyers

1
Macquarie Group
Macquarie Group
Australia
+$41.8M
2
VBA
Van Berkom & Associates
Quebec, Canada
+$5.66M
3
FCM
Frontier Capital Management
Massachusetts
+$4.98M
4
Renaissance Technologies
Renaissance Technologies
New York
+$4.64M
5
Millennium Management
Millennium Management
New York
+$3.77M

Top Sellers

1
CAM
Cortina Asset Management
Wisconsin
-$8.39M
2
Allianz Asset Management
Allianz Asset Management
Germany
-$5.07M
3
NC
Northpointe Capital
Michigan
-$2.68M
4
ETM
Euclidean Technologies Management
Washington
-$2.32M
5
PCM
Palisade Capital Management
New Jersey
-$2.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIBC World Market
26
CIBC World Market
Ontario, Canada
$5.96M +$212K +9,800 +3%
Ameriprise
27
Ameriprise
Minnesota
$5.78M -$2.19M -101,359 -25%
Boston Partners
28
Boston Partners
Massachusetts
$5.54M -$929K -43,010 -13%
Geode Capital Management
29
Geode Capital Management
Massachusetts
$5.33M +$99.6K +4,611 +2%
Bank of America
30
Bank of America
North Carolina
$4.87M -$329K -15,246 -6%
Renaissance Technologies
31
Renaissance Technologies
New York
$4.49M +$4.64M +214,600 +945%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$4.01M +$229K +10,586 +5%
Charles Schwab
33
Charles Schwab
California
$3.75M +$123K +5,692 +3%
Norges Bank
34
Norges Bank
Norway
$3.46M – – –
Millennium Management
35
Millennium Management
New York
$3.31M +$3.77M +174,663 New
EAM
36
Eagle Asset Management
Florida
$2.95M +$118K +5,468 +4%
BIM
37
BlackRock Investment Management
Delaware
$2.84M +$237K +10,955 +8%
SVP
38
Springbank Value Partners
New York
$2.46M +$64.8K +3,000 +2%
PPA
39
Parametric Portfolio Associates
Washington
$2.41M -$404K -18,712 -13%
TCIM
40
TIAA CREF Investment Management
New York
$2.35M +$71.8K +3,323 +3%
Wells Fargo
41
Wells Fargo
California
$2.29M -$60K -2,778 -2%
Citadel Advisors
42
Citadel Advisors
Florida
$2.22M -$1.01M -46,731 -28%
PCM
43
Palisade Capital Management
New Jersey
$2.19M -$2.23M -103,407 -47%
Allianz Asset Management
44
Allianz Asset Management
Germany
$2.05M -$5.07M -234,495 -68%
Two Sigma Investments
45
Two Sigma Investments
New York
$1.78M +$2.03M +93,874 New
CS
46
Credit Suisse
Switzerland
$1.65M +$1.53M +70,879 +435%
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$1.6M +$43.9K +2,034 +2%
KAM
48
Keeley Asset Management
Illinois
$1.58M -$147K -6,800 -8%
TA
49
Teachers Advisors
New York
$1.28M +$256K +11,873 +21%
Swiss National Bank
50
Swiss National Bank
Switzerland
$1.27M +$106K +4,900 +8%
1
2
3 4 5

PRIM Hedge Fund Activity: Q2 2016 in Review

125 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q2 2016, worth a combined $769M — down 17% from $926M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new PRIM positions and 4 closed out — a net gain of 16 holders — while 44 added to existing stakes and 44 trimmed.

The largest buyer was Macquarie Group, adding an estimated $41.8M. The largest seller was Cortina Asset Management, exiting entirely with an estimated $8.39M sold.

  • 125 institutional investors held Primoris Services (PRIM) as of Q2 2016, up from 110 in Q1 2016.
  • Funds reported $769M of Primoris Services stock for Q2 2016, down 17% quarter-over-quarter.
  • 20 funds opened new Primoris Services positions in Q2 2016 and 4 closed out, a net change of +16 holders.
  • The largest Primoris Services buyer in Q2 2016 was Macquarie Group, an estimated $41.8M added.
  • The largest Primoris Services seller in Q2 2016 was Cortina Asset Management, an estimated $8.39M sold.

Based on aggregated 13F filings for Q2 2016.