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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
ClearBridge Investments
26
ClearBridge Investments
New York
$21M -$1.01M -27,455 -5%
Norges Bank
27
Norges Bank
Norway
$20.9M +$876K +23,738 +5%
JP Morgan Chase
28
JP Morgan Chase
New York
$20.4M +$232K +6,288 +1%
VHMC
29
Value Holdings Management Company
New York
$19.7M – – –
Charles Schwab
30
Charles Schwab
California
$18M -$16.9M -457,896 -52%
RA
31
Royce & Associates
New York
$15M -$920K -24,929 -7%
N
32
Nuveen
North Carolina
$13.8M +$4.98M +134,875 +71%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$13.7M -$670K -18,154 -5%
Point72 Asset Management
34
Point72 Asset Management
Connecticut
$13.4M +$3.85M +104,200 +50%
Wells Fargo
35
Wells Fargo
California
$13.2M +$7.52M +203,846 +192%
Qube Research & Technologies (QRT)
36
Qube Research & Technologies (QRT)
United Kingdom
$13M +$1.56M +42,384 +16%
Citadel Advisors
37
Citadel Advisors
Florida
$12.6M +$10.3M +279,147 +1,672%
Mirae Asset Global Investments
38
Mirae Asset Global Investments
South Korea
$12.1M -$3.19M -86,482 -15%
Bank of America
39
Bank of America
North Carolina
$11.9M -$688K -18,648 -6%
DIA
40
Dana Investment Advisors
Wisconsin
$11.8M +$10.2M +276,880 New
Grantham, Mayo, Van Otterloo & Co (GMO)
41
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$11.1M +$9.65M +261,525 New
YCM
42
Yaupon Capital Management
New York
$9.89M -$1.17M -31,798 -12%
State of Wisconsin Investment Board
43
State of Wisconsin Investment Board
Wisconsin
$9.41M -$1.03M -27,923 -11%
Lord, Abbett & Co
44
Lord, Abbett & Co
New Jersey
$9.41M -$75.8K -2,054 -0.9%
OAM
45
Oberweis Asset Management
Illinois
$8.94M – – –
KTA
46
Keeley-Teton Advisors
Illinois
$8.81M -$197K -5,347 -3%
HA
47
Heartland Advisors
Wisconsin
$8.51M +$923K +25,000 +14%
EAM
48
Eagle Asset Management
Florida
$8.37M -$713K -19,307 -9%
1C
49
1060 Capital
Colorado
$8.3M +$7.19M +194,860 New
TCM
50
Tieton Capital Management
Washington
$8.18M -$1.64M -44,465 -19%
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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.