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Primoris Services
PRIM

227 hedge funds and large institutions have $1.66B invested in Primoris Services in 2023 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 77 increasing their positions, 73 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

206% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 16

125% more call options, than puts

Call options by funds: $126K | Put options by funds: $56K

16% more funds holding

Funds holding: 195 → 227 (+32)

2.8% more ownership

Funds ownership: 90.79% → 93.59% (+2.8%)

5% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 73

5% more capital invested

Capital invested by funds: $1.58B → $1.66B (+$74.1M)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
227
Holders Change
+32
Holders Change %
+16.41%
% of All Funds
3.31%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
49
Increased
77
Reduced
73
Closed
16
Calls
$126K
Puts
$56K
Net Calls
+$70K
Net Calls Change
-$153K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$34.5M
2
Millennium Management
Millennium Management
New York
+$29.2M
3
BlackRock
BlackRock
New York
+$17.2M
4
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
+$10.5M
5
Goldman Sachs
Goldman Sachs
New York
+$9M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$30.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$18.3M
3
Franklin Resources
Franklin Resources
California
-$14.6M
4
GKIM
GW&K Investment Management
Massachusetts
-$9.86M
5
DCM
Driehaus Capital Management
Illinois
-$8.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
ClearBridge Investments
26
ClearBridge Investments
New York
$17.3M -$923K -29,594 -5%
Boston Partners
27
Boston Partners
Massachusetts
$16.9M -$514K -16,471 -3%
JP Morgan Chase
28
JP Morgan Chase
New York
$15.7M +$2.33M +74,838 +19%
Norges Bank
29
Norges Bank
Norway
$15.5M -$506K -16,239 -3%
VHMC
30
Value Holdings Management Company
New York
$15.3M – – –
RA
31
Royce & Associates
New York
$12.5M -$1.19M -38,300 -9%
DCM
32
Driehaus Capital Management
Illinois
$11.8M -$8.98M -287,877 -45%
Balyasny Asset Management
33
Balyasny Asset Management
Illinois
$11.6M +$8.82M +282,859 +419%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$11.3M -$1.65M -53,084 -13%
PFC
35
Phocas Financial Corp
California
$10.4M -$3.94M -126,336 -29%
SGCIA
36
Smith Graham & Co Investment Advisors
Texas
$10.1M -$57.3K -1,838 -0.6%
Bank of America
37
Bank of America
North Carolina
$9.89M +$1.48M +47,418 +19%
YCM
38
Yaupon Capital Management
New York
$8.77M +$1.45M +46,512 +21%
Qube Research & Technologies (QRT)
39
Qube Research & Technologies (QRT)
United Kingdom
$8.76M +$5.42M +173,956 +193%
State of Wisconsin Investment Board
40
State of Wisconsin Investment Board
Wisconsin
$8.27M +$2.01M +64,601 +35%
TCM
41
Tieton Capital Management
Washington
$7.86M -$85.6K -2,745 -1%
Lord, Abbett & Co
42
Lord, Abbett & Co
New Jersey
$7.41M -$3.13M -100,500 -31%
EIM
43
Essex Investment Management
Massachusetts
$7.31M -$1.95M -62,427 -22%
EAM
44
Eagle Asset Management
Florida
$7.14M +$153K +4,914 +2%
KTA
45
Keeley-Teton Advisors
Illinois
$7.05M -$428K -13,734 -6%
Point72 Asset Management
46
Point72 Asset Management
Connecticut
$6.98M +$6.56M +210,300 New
OAM
47
Oberweis Asset Management
Illinois
$6.97M +$976K +31,300 +18%
Jacobs Levy Equity Management
48
Jacobs Levy Equity Management
New Jersey
$6.52M -$5.99M -192,100 -49%
N
49
Nuveen
North Carolina
$6.32M +$80.7K +2,589 +1%
CSS
50
Cubist Systematic Strategies
Connecticut
$6.07M +$5.69M +182,633 New
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2
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PRIM Hedge Fund Activity: Q4 2023 in Review

227 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q4 2023, worth a combined $1.66B — up 4.7% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new PRIM positions and 16 closed out — a net gain of 33 holders — while 77 added to existing stakes and 73 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $34.5M. The largest seller was Wellington Management Group, cutting an estimated $30.1M.

  • 227 institutional investors held Primoris Services (PRIM) as of Q4 2023, up from 195 in Q3 2023.
  • Funds reported $1.66B of Primoris Services stock for Q4 2023, up 4.7% quarter-over-quarter.
  • 49 funds opened new Primoris Services positions in Q4 2023 and 16 closed out, a net change of +33 holders.
  • The largest Primoris Services buyer in Q4 2023 was Morgan Stanley, an estimated $34.5M added.
  • The largest Primoris Services seller in Q4 2023 was Wellington Management Group, an estimated $30.1M sold.

Based on aggregated 13F filings for Q4 2023.