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Primoris Services
PRIM

140 hedge funds and large institutions have $877M invested in Primoris Services in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 64 increasing their positions, 48 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 48

7% less capital invested

Capital invested by funds: $945M → $877M (-$68.1M)

8% less funds holding

Funds holding: 153 → 140 (-13)

46% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 28

Holders
140
Holders Change
-13
Holders Change %
-8.5%
% of All Funds
4.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
64
Reduced
48
Closed
28
Calls
$339K
Puts
–
Net Calls
+$339K
Net Calls Change
+$887K

Top Buyers

1
PM
Pembroke Management
Quebec, Canada
+$7.74M
2
Macquarie Group
Macquarie Group
Australia
+$7.44M
3
GKIM
GW&K Investment Management
Massachusetts
+$7.22M
4
HCM
Hodges Capital Management
Texas
+$7.04M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$6.88M

Top Sellers

1
FCM
Frontier Capital Management
Massachusetts
-$22.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$19.2M
3
FAM
Fred Alger Management
New York
-$8.66M
4
HW
Hancock Whitney
Mississippi
-$8.14M
5
Victory Capital Management
Victory Capital Management
Texas
-$4.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
M&T Bank
76
M&T Bank
New York
$978K +$998K +36,419 New
CC
77
Curian Capital
Colorado
$953K +$269K +9,828 +38%
KeyBank National Association
78
KeyBank National Association
Ohio
$933K -$253K -9,236 -21%
PCM
79
Penn Capital Management
Pennsylvania
$901K – – –
CS
80
Credit Suisse
Switzerland
$882K -$666K -24,282 -43%
RhumbLine Advisers
81
RhumbLine Advisers
Massachusetts
$841K -$137 -5 -0%
ICM
82
ICC Capital Management
Florida
$813K -$670K -24,460 -45%
MLICM
83
Metropolitan Life Insurance Company (MetLife)
New York
$758K – – –
D.E. Shaw & Co
84
D.E. Shaw & Co
New York
$752K +$21.5K +784 +3%
LSC
85
Lyon Street Capital
California
$750K +$765K +27,925 New
Thrivent Financial for Lutherans
86
Thrivent Financial for Lutherans
Minnesota
$738K – – –
US Bancorp
87
US Bancorp
Minnesota
$738K +$60.9K +2,223 +9%
AIG
88
American International Group
New York
$666K -$493 -18 -0.1%
HI
89
HBK Investments
Texas
$620K +$192K +7,000 +43%
Bank of America
90
Bank of America
North Carolina
$594K +$285K +10,390 +88%
BA
91
BlackRock Advisors
Delaware
$576K -$12.9K -470 -2%
Two Sigma Advisers
92
Two Sigma Advisers
New York
$553K -$480K -17,500 -46%
GI
93
Gradient Investments
Minnesota
$547K +$89.1K +3,250 +19%
AA
94
ALPS Advisors
Colorado
$537K +$548K +20,000 New
RFC
95
Russell Frank Company
Washington
$509K -$813K -29,668 -61%
State Board of Administration of Florida Retirement System
96
State Board of Administration of Florida Retirement System
Florida
$506K -$121K -4,414 -19%
IA
97
Icon Advisers
Colorado
$494K +$504K +18,400 New
VOYA Investment Management
98
VOYA Investment Management
Georgia
$486K – – –
Marshall Wace
99
Marshall Wace
United Kingdom
$452K +$279K +10,172 +152%
CB
100
Commerce Bank
Missouri
$451K +$118K +4,300 +34%
2 3
4
5 6

PRIM Hedge Fund Activity: Q3 2014 in Review

140 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q3 2014, worth a combined $877M — down 7.2% from $945M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of PRIM and 15 opened new positions — a net loss of 13 holders — while 48 trimmed existing stakes and 64 added.

The largest buyer was Pembroke Management, adding an estimated $7.74M. The largest seller was Frontier Capital Management, cutting an estimated $22.1M.

  • 140 institutional investors held Primoris Services (PRIM) as of Q3 2014, down from 153 in Q2 2014.
  • Funds reported $877M of Primoris Services stock for Q3 2014, down 7.2% quarter-over-quarter.
  • 15 funds opened new Primoris Services positions in Q3 2014 and 28 closed out, a net change of -13 holders.
  • The largest Primoris Services buyer in Q3 2014 was Pembroke Management, an estimated $7.74M added.
  • The largest Primoris Services seller in Q3 2014 was Frontier Capital Management, an estimated $22.1M sold.

Based on aggregated 13F filings for Q3 2014.