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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
Axa
76
Axa
France
$3.48M +$3.01M +81,667 New
UBS Group
77
UBS Group
Switzerland
$3.12M -$926K -25,089 -26%
Jacobs Levy Equity Management
78
Jacobs Levy Equity Management
New Jersey
$3.05M -$4.6M -124,663 -63%
T. Rowe Price Associates
79
T. Rowe Price Associates
Maryland
$2.95M +$88.3K +2,391 +4%
QCM
80
QRG Capital Management
Illinois
$2.93M +$80.3K +2,176 +3%
Macquarie Group
81
Macquarie Group
Australia
$2.83M – – –
Barclays
82
Barclays
United Kingdom
$2.81M -$1.28M -34,776 -35%
Janus Henderson Group
83
Janus Henderson Group
United Kingdom
$2.76M +$1.55M +42,112 +186%
1CM
84
1492 Capital Management
Wisconsin
$2.7M -$1.33K -36 -0.1%
HSA
85
Hussman Strategic Advisors
Maryland
$2.68M -$775K -21,000 -25%
UBS AM
86
UBS AM
Illinois
$2.57M +$109K +2,942 +5%
HFS
87
Hantz Financial Services
Michigan
$2.55M +$12.6K +341 +0.6%
New York State Common Retirement Fund
88
New York State Common Retirement Fund
New York
$2.52M -$1.29K -35 -0.1%
Legal & General Group
89
Legal & General Group
United Kingdom
$2.33M +$42K +1,137 +2%
GCP
90
GSA Capital Partners
United Kingdom
$2.32M +$1.29M +34,851 +177%
California State Teachers Retirement System (CalSTRS)
91
California State Teachers Retirement System (CalSTRS)
California
$2.3M -$87.9K -2,382 -4%
AllianceBernstein
92
AllianceBernstein
Tennessee
$2.26M -$171K -4,630 -8%
HCM
93
Hilton Capital Management
New York
$2.26M +$1.1M +29,884 +129%
SFI
94
Susquehanna Fundamental Investments
Pennsylvania
$2.2M +$1.9M +51,600 New
BNP Paribas Financial Markets
95
BNP Paribas Financial Markets
France
$2.15M -$275K -7,441 -13%
MS
96
Maven Securities
Jersey
$2.13M +$1.85M +50,000 New
PCM
97
Prelude Capital Management
New York
$2.09M +$1.25M +33,904 +222%
FDS
98
Freedom Day Solutions
Texas
$1.95M +$950K +25,750 +128%
Manulife (Manufacturers Life Insurance)
99
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.84M -$489K -13,251 -24%
DRZID
100
DePrince Race & Zollo Inc (DRZ)
Florida
$1.81M -$2.19M -59,213 -58%
2 3
4
5 6

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.