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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
Balyasny Asset Management
51
Balyasny Asset Management
Illinois
$8.05M -$5.95M -161,311 -46%
FP
52
Foundry Partners
Minnesota
$7.95M +$697K +18,877 +11%
EIM
53
Essex Investment Management
Massachusetts
$7.65M -$1.49M -40,234 -18%
AG
54
Algert Global
California
$7.41M +$1.89M +51,270 +42%
ACM
55
Arosa Capital Management
Florida
$7M +$365K +9,900 +6%
CSS
56
Cubist Systematic Strategies
Connecticut
$6.99M -$681K -18,452 -10%
Squarepoint
57
Squarepoint
New York
$6.32M +$5.25M +142,204 +2,248%
TI
58
Trexquant Investment
Connecticut
$5.97M +$2.86M +77,392 +123%
CS
59
Credit Suisse
Switzerland
$5.37M +$14.7K +398 +0.3%
AQR Capital Management
60
AQR Capital Management
Connecticut
$5.11M +$2.09M +56,643 +89%
ADBIC
61
A.D. Beadell Investment Counsel
Wisconsin
$4.95M -$205K -5,550 -5%
Jane Street
62
Jane Street
New York
$4.93M +$3.39M +91,915 +385%
Swiss National Bank
63
Swiss National Bank
Switzerland
$4.47M – – –
Hotchkis & Wiley Capital Management
64
Hotchkis & Wiley Capital Management
California
$4.37M -$140K -3,790 -4%
SCM
65
SG Capital Management
Illinois
$4.19M +$3.63M +98,474 New
American Century Companies
66
American Century Companies
Missouri
$4.15M +$580K +15,714 +19%
Susquehanna International Group
67
Susquehanna International Group
Pennsylvania
$4.14M -$1.73M -46,874 -33%
1SAMC
68
12th Street Asset Management Company
Tennessee
$4.08M +$3.54M +95,847 New
RhumbLine Advisers
69
RhumbLine Advisers
Massachusetts
$4.03M +$45K +1,220 +1%
Russell Investments Group
70
Russell Investments Group
United Kingdom
$3.99M -$1.04M -28,157 -23%
HF
71
HRT Financial
New York
$3.89M +$2.73M +73,931 +422%
Two Sigma Investments
72
Two Sigma Investments
New York
$3.88M +$2.49M +67,540 +285%
CC
73
Covalis Capital
United Kingdom
$3.67M +$3.18M +86,235 New
Mercer Global Advisors
74
Mercer Global Advisors
Colorado
$3.66M +$258K +6,992 +9%
AAM
75
Advisors Asset Management
Colorado
$3.52M +$238K +6,437 +8%
1 2
3
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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.