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Primoris Services
PRIM

122 hedge funds and large institutions have $805M invested in Primoris Services in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 39 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 39

5% more capital invested

Capital invested by funds: $769M → $805M (+$36.5M)

2% less funds holding

Funds holding: 125 → 122 (-3)

15% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 20

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $412K

Holders
122
Holders Change
-3
Holders Change %
-2.4%
% of All Funds
3.26%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.05%
New
17
Increased
47
Reduced
39
Closed
20
Calls
–
Puts
$412K
Net Calls
-$412K
Net Calls Change
-$9.74M

Top Buyers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$27.8M
2
EA
Emerald Acquisition
Washington
+$8.19M
3
CCPM
Cooper Creek Partners Management
New York
+$8.12M
4
VBA
Van Berkom & Associates
Quebec, Canada
+$5.74M
5
SCM
SG Capital Management
Illinois
+$4.87M

Top Sellers

1
Macquarie Group
Macquarie Group
Australia
-$35.4M
2
Victory Capital Management
Victory Capital Management
Texas
-$28.3M
3
PM
Pembroke Management
Quebec, Canada
-$18.2M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$4.44M
5
Boston Partners
Boston Partners
Massachusetts
-$4.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIBC World Market
26
CIBC World Market
Ontario, Canada
$6.54M +$43.4K +2,300 +0.7%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$5.9M +$86.9K +4,607 +2%
SCM
28
SG Capital Management
Illinois
$5.32M +$4.87M +257,998 New
Bank of America
29
Bank of America
North Carolina
$5.16M -$121K -6,392 -2%
Two Sigma Investments
30
Two Sigma Investments
New York
$4.73M +$2.56M +135,876 +145%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$4.5M +$130K +6,898 +3%
Charles Schwab
32
Charles Schwab
California
$4.39M +$274K +14,524 +7%
CCM
33
Coe Capital Management
Illinois
$4.31M +$4.19M +222,253 New
PCM
34
Palisade Capital Management
New Jersey
$4.07M +$1.55M +82,246 +71%
Citadel Advisors
35
Citadel Advisors
Florida
$3.86M +$1.31M +69,694 +59%
Comerica Bank
36
Comerica Bank
Texas
$3.41M +$1.85M +98,050 +151%
EAM
37
Eagle Asset Management
Florida
$3.15M -$55.3K -2,931 -2%
BIM
38
BlackRock Investment Management
Delaware
$3.1M +$7.06K +374 +0.2%
Renaissance Technologies
39
Renaissance Technologies
New York
$3.07M -$1.67M -88,300 -37%
MAG
40
Millrace Asset Group
Pennsylvania
$2.78M +$2.55M +135,000 New
SVP
41
Springbank Value Partners
New York
$2.7M +$18.9K +1,000 +0.8%
Two Sigma Advisers
42
Two Sigma Advisers
New York
$2.49M +$1.92M +102,001 +542%
Wells Fargo
43
Wells Fargo
California
$2.32M -$156K -8,285 -7%
Norges Bank
44
Norges Bank
Norway
$2.22M -$1.32M -69,900 -38%
First Trust Advisors
45
First Trust Advisors
Illinois
$2.06M +$737K +39,076 +64%
KAM
46
Keeley Asset Management
Illinois
$1.98M +$234K +12,410 +15%
CS
47
Credit Suisse
Switzerland
$1.8M +$8.19K +434 +0.5%
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$1.76M +$15.1K +800 +0.9%
Boston Partners
49
Boston Partners
Massachusetts
$1.55M -$4.11M -217,577 -74%
TA
50
Teachers Advisors
New York
$1.39M – – –
1
2
3 4 5

PRIM Hedge Fund Activity: Q3 2016 in Review

122 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q3 2016, worth a combined $805M — up 4.7% from $769M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of PRIM and 17 opened new positions — a net loss of 3 holders — while 39 trimmed existing stakes and 47 added.

The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $27.8M. The largest seller was Macquarie Group, cutting an estimated $35.4M.

  • 122 institutional investors held Primoris Services (PRIM) as of Q3 2016, down from 125 in Q2 2016.
  • Funds reported $805M of Primoris Services stock for Q3 2016, up 4.7% quarter-over-quarter.
  • 17 funds opened new Primoris Services positions in Q3 2016 and 20 closed out, a net change of -3 holders.
  • The largest Primoris Services buyer in Q3 2016 was DePrince Race & Zollo Inc (DRZ), an estimated $27.8M added.
  • The largest Primoris Services seller in Q3 2016 was Macquarie Group, an estimated $35.4M sold.

Based on aggregated 13F filings for Q3 2016.