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Primoris Services
PRIM

227 hedge funds and large institutions have $1.66B invested in Primoris Services in 2023 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 77 increasing their positions, 73 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

206% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 16

125% more call options, than puts

Call options by funds: $126K | Put options by funds: $56K

16% more funds holding

Funds holding: 195 → 227 (+32)

2.8% more ownership

Funds ownership: 90.79% → 93.59% (+2.8%)

5% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 73

5% more capital invested

Capital invested by funds: $1.58B → $1.66B (+$74.1M)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
227
Holders Change
+32
Holders Change %
+16.41%
% of All Funds
3.31%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
49
Increased
77
Reduced
73
Closed
16
Calls
$126K
Puts
$56K
Net Calls
+$70K
Net Calls Change
-$153K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$34.5M
2
Millennium Management
Millennium Management
New York
+$29.2M
3
BlackRock
BlackRock
New York
+$17.2M
4
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
+$10.5M
5
Goldman Sachs
Goldman Sachs
New York
+$9M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$30.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$18.3M
3
Franklin Resources
Franklin Resources
California
-$14.6M
4
GKIM
GW&K Investment Management
Massachusetts
-$9.86M
5
DCM
Driehaus Capital Management
Illinois
-$8.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
PP
101
PDT Partners
New York
$946K +$888K +28,481 New
MIM
102
MetLife Investment Management
New Jersey
$909K – – –
AIG
103
American International Group
New York
$877K -$3.31K -106 -0.4%
OQS
104
Occudo Quantitative Strategies
Florida
$872K +$818K +26,249 New
SEI Investments
105
SEI Investments
Pennsylvania
$860K -$365K -11,714 -31%
DTL
106
Dynamic Technology Lab
Singapore
$856K +$460K +14,762 +134%
SO
107
STRS Ohio
Ohio
$853K – – –
LPL Financial
108
LPL Financial
California
$847K -$35.8K -1,148 -4%
Deutsche Bank
109
Deutsche Bank
Germany
$839K -$18.7K -600 -2%
QC
110
Quadrature Capital
United Kingdom
$805K +$755K +24,213 New
Jane Street
111
Jane Street
New York
$793K +$207K +6,633 +38%
Two Sigma Investments
112
Two Sigma Investments
New York
$787K -$114K -3,655 -13%
HCM
113
Hilton Capital Management
New York
$770K +$487K +15,623 +206%
Janus Henderson Group
114
Janus Henderson Group
United Kingdom
$754K -$1.28K -41 -0.2%
VOYA Investment Management
115
VOYA Investment Management
Georgia
$713K +$811 +26 +0.1%
HSBC Holdings
116
HSBC Holdings
United Kingdom
$693K +$403K +12,919 +162%
FDS
117
Freedom Day Solutions
Texas
$666K +$625K +20,045 New
Envestnet Asset Management
118
Envestnet Asset Management
Illinois
$660K +$68.2K +2,186 +12%
GCP
119
GSA Capital Partners
United Kingdom
$653K +$613K +19,659 New
PTC
120
Petrus Trust Company
Texas
$652K +$612K +19,622 New
GCM
121
Graham Capital Management
Connecticut
$645K +$341K +10,951 +129%
PCMI
122
Paradigm Capital Management Inc
New York
$598K – – –
DFCM
123
Dark Forest Capital Management
Puerto Rico
$596K +$104K +3,320 +23%
Citigroup
124
Citigroup
New York
$585K +$372K +11,940 +211%
HF
125
HRT Financial
New York
$581K -$773K -24,792 -59%
3 4
5
6 7

PRIM Hedge Fund Activity: Q4 2023 in Review

227 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q4 2023, worth a combined $1.66B — up 4.7% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new PRIM positions and 16 closed out — a net gain of 33 holders — while 77 added to existing stakes and 73 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $34.5M. The largest seller was Wellington Management Group, cutting an estimated $30.1M.

  • 227 institutional investors held Primoris Services (PRIM) as of Q4 2023, up from 195 in Q3 2023.
  • Funds reported $1.66B of Primoris Services stock for Q4 2023, up 4.7% quarter-over-quarter.
  • 49 funds opened new Primoris Services positions in Q4 2023 and 16 closed out, a net change of +33 holders.
  • The largest Primoris Services buyer in Q4 2023 was Morgan Stanley, an estimated $34.5M added.
  • The largest Primoris Services seller in Q4 2023 was Wellington Management Group, an estimated $30.1M sold.

Based on aggregated 13F filings for Q4 2023.