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Primoris Services
PRIM

130 hedge funds and large institutions have $825M invested in Primoris Services in 2019 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 51 increasing their positions, 42 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 42

9% more capital invested

Capital invested by funds: $759M → $825M (+$66.2M)

1.26% more ownership

Funds ownership: 77.46% → 78.72% (+1.3%)

2% less funds holding

Funds holding: 132 → 130 (-2)

11% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 19

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $41K

Holders
130
Holders Change
-2
Holders Change %
-1.52%
% of All Funds
2.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
51
Reduced
42
Closed
19
Calls
–
Puts
$41K
Net Calls
-$41K
Net Calls Change
-$22K

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$5.35M
2
RHJA
Rice Hall James & Associates
California
+$4.98M
3
Millennium Management
Millennium Management
New York
+$3.65M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$3.4M
5
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$3.22M

Top Sellers

1
HA
Homestead Advisers
Virginia
-$6.14M
2
Renaissance Technologies
Renaissance Technologies
New York
-$3.89M
3
HCM
Hodges Capital Management
Texas
-$2.6M
4
First Trust Advisors
First Trust Advisors
Illinois
-$1.93M
5
Morgan Stanley
Morgan Stanley
New York
-$1.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
California State Teachers Retirement System (CalSTRS)
51
California State Teachers Retirement System (CalSTRS)
California
$1.32M -$29.9K -1,423 -2%
California Public Employees Retirement System
52
California Public Employees Retirement System
California
$1.31M -$62.9K -2,992 -5%
Goldman Sachs
53
Goldman Sachs
New York
$1.3M -$1.05M -49,923 -44%
RhumbLine Advisers
54
RhumbLine Advisers
Massachusetts
$1.2M -$8.46K -402 -0.7%
AQR Capital Management
55
AQR Capital Management
Connecticut
$1.15M -$489K -23,254 -30%
DCM
56
Dean Capital Management
Kansas
$1.14M -$922K -43,809 -44%
CIC
57
Cornercap Investment Counsel
Georgia
$975K +$992K +47,145 New
PPA
58
Parametric Portfolio Associates
Washington
$878K -$277K -13,146 -24%
New York State Common Retirement Fund
59
New York State Common Retirement Fund
New York
$848K – – –
Morgan Stanley
60
Morgan Stanley
New York
$698K -$1.93M -91,570 -73%
GCP
61
GSA Capital Partners
United Kingdom
$639K -$300K -14,251 -32%
SO
62
STRS Ohio
Ohio
$634K – – –
CS
63
Credit Suisse
Switzerland
$616K +$34.2K +1,625 +6%
UBS AM
64
UBS AM
Illinois
$581K +$126K +6,001 +27%
Manulife (Manufacturers Life Insurance)
65
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$580K +$58.7K +2,788 +11%
Squarepoint
66
Squarepoint
New York
$561K +$571K +27,124 New
Marshall Wace
67
Marshall Wace
United Kingdom
$560K +$569K +27,058 New
AIG
68
American International Group
New York
$551K -$18.2K -865 -3%
JFM
69
Jackson Financial Management
California
$548K – – –
Barclays
70
Barclays
United Kingdom
$499K +$149K +7,066 +41%
CB
71
Commerce Bank
Missouri
$488K +$41.6K +1,975 +9%
State Board of Administration of Florida Retirement System
72
State Board of Administration of Florida Retirement System
Florida
$464K – – –
EGM
73
Engineers Gate Manager
New York
$458K -$60.3K -2,867 -11%
AW
74
Alpha Windward
Massachusetts
$458K +$466K +22,140 New
T. Rowe Price Associates
75
T. Rowe Price Associates
Maryland
$453K +$2.1K +100 +0.5%
1 2
3
4 5

PRIM Hedge Fund Activity: Q1 2019 in Review

130 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q1 2019, worth a combined $825M — up 8.7% from $759M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PRIM and 17 opened new positions — a net loss of 2 holders — while 42 trimmed existing stakes and 51 added.

The largest buyer was Wellington Management Group, adding an estimated $5.35M. The largest seller was Homestead Advisers, cutting an estimated $6.14M.

  • 130 institutional investors held Primoris Services (PRIM) as of Q1 2019, down from 132 in Q4 2018.
  • Funds reported $825M of Primoris Services stock for Q1 2019, up 8.7% quarter-over-quarter.
  • 17 funds opened new Primoris Services positions in Q1 2019 and 19 closed out, a net change of -2 holders.
  • The largest Primoris Services buyer in Q1 2019 was Wellington Management Group, an estimated $5.35M added.
  • The largest Primoris Services seller in Q1 2019 was Homestead Advisers, an estimated $6.14M sold.

Based on aggregated 13F filings for Q1 2019.