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Primoris Services
PRIM

195 hedge funds and large institutions have $1.58B invested in Primoris Services in 2023 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 65 increasing their positions, 71 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

106% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 16

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

35% more call options, than puts

Call options by funds: $861K | Put options by funds: $638K

9% more funds holding

Funds holding: 179 → 195 (+16)

8% more capital invested

Capital invested by funds: $1.46B → $1.58B (+$120M)

0.48% more ownership

Funds ownership: 90.31% → 90.79% (+0.48%)

8% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 71

Holders
195
Holders Change
+16
Holders Change %
+8.94%
% of All Funds
3.09%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.1%
New
33
Increased
65
Reduced
71
Closed
16
Calls
$861K
Puts
$638K
Net Calls
+$223K
Net Calls Change
-$133K

Top Buyers

1
Verition Fund Management
Verition Fund Management
Connecticut
+$11.5M
2
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$10.6M
3
OAM
Oberweis Asset Management
Illinois
+$5.84M
4
BlackRock
BlackRock
New York
+$5.76M
5
FP
Foundry Partners
Minnesota
+$5.19M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$34.6M
2
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$7.04M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$6.67M
4
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$6.31M
5
Vanguard Group
Vanguard Group
Pennsylvania
-$4.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
101
Deutsche Bank
Germany
$847K +$126K +3,869 +18%
SO
102
STRS Ohio
Ohio
$841K +$438K +13,400 +109%
Citadel Advisors
103
Citadel Advisors
Florida
$785K -$114K -3,472 -13%
Janus Henderson Group
104
Janus Henderson Group
United Kingdom
$744K +$65 +2 +0%
VOYA Investment Management
105
VOYA Investment Management
Georgia
$702K +$7.39K +226 +1%
Victory Capital Management
106
Victory Capital Management
Texas
$672K +$148K +4,513 +28%
CB
107
Commerce Bank
Missouri
$666K -$9.15K -280 -1%
Ohio Public Employees Retirement System (OPERS)
108
Ohio Public Employees Retirement System (OPERS)
Ohio
$660K -$202K -6,177 -23%
PCMI
109
Paradigm Capital Management Inc
New York
$589K -$131K -4,000 -18%
Envestnet Asset Management
110
Envestnet Asset Management
Illinois
$579K -$1.48M -45,224 -72%
Jane Street
111
Jane Street
New York
$565K -$586K -17,938 -51%
Walleye Trading
112
Walleye Trading
New York
$545K +$281K +8,596 +107%
ASRS
113
Arizona State Retirement System
Arizona
$497K +$6.8K +208 +1%
State Board of Administration of Florida Retirement System
114
State Board of Administration of Florida Retirement System
Florida
$496K +$2.62K +80 +0.5%
Millennium Management
115
Millennium Management
New York
$486K +$486K +14,863 New
DFCM
116
Dark Forest Capital Management
Puerto Rico
$479K +$478K +14,633 New
NYLIM
117
New York Life Investment Management
New York
$472K -$75.1K -2,298 -14%
IFS
118
Ifrah Financial Services
Arkansas
$458K -$3.99K -122 -0.9%
TDC
119
Thompson Davis & Co
Virginia
$452K +$451K +13,795 New
Barclays
120
Barclays
United Kingdom
$446K +$67.4K +2,062 +18%
ECM
121
EMC Capital Management
Texas
$432K +$252K +7,703 +140%
Osaic Holdings
122
Osaic Holdings
Arizona
$428K -$533K -16,293 -55%
Empower Advisory Group
123
Empower Advisory Group
Colorado
$413K – – –
SFI
124
Susquehanna Fundamental Investments
Pennsylvania
$385K -$492K -15,044 -56%
Allspring Global Investments
125
Allspring Global Investments
North Carolina
$368K -$47.8K -1,462 -11%
3 4
5
6 7

PRIM Hedge Fund Activity: Q3 2023 in Review

195 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q3 2023, worth a combined $1.58B — up 8.2% from $1.46B a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new PRIM positions and 16 closed out — a net gain of 17 holders — while 65 added to existing stakes and 71 trimmed.

The largest buyer was Verition Fund Management, opening a new position worth an estimated $11.5M. The largest seller was Wellington Management Group, cutting an estimated $34.6M.

  • 195 institutional investors held Primoris Services (PRIM) as of Q3 2023, up from 179 in Q2 2023.
  • Funds reported $1.58B of Primoris Services stock for Q3 2023, up 8.2% quarter-over-quarter.
  • 33 funds opened new Primoris Services positions in Q3 2023 and 16 closed out, a net change of +17 holders.
  • The largest Primoris Services buyer in Q3 2023 was Verition Fund Management, an estimated $11.5M added.
  • The largest Primoris Services seller in Q3 2023 was Wellington Management Group, an estimated $34.6M sold.

Based on aggregated 13F filings for Q3 2023.