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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
ECM
101
ExodusPoint Capital Management
New York
$1.67M +$1.45M +39,225 New
Victory Capital Management
102
Victory Capital Management
Texas
$1.66M -$235K -6,367 -14%
PP
103
PDT Partners
New York
$1.63M +$363K +9,831 +35%
CCM
104
Cinctive Capital Management
New York
$1.59M +$1.38M +37,440 New
Arrowstreet Capital
105
Arrowstreet Capital
Massachusetts
$1.49M -$1.67M -45,350 -56%
Royal Bank of Canada
106
Royal Bank of Canada
Ontario, Canada
$1.37M -$586K -15,867 -33%
RJA
107
Raymond James & Associates
Florida
$1.35M -$83.2K -2,254 -7%
Canada Pension Plan Investment Board
108
Canada Pension Plan Investment Board
Ontario, Canada
$1.32M +$1.15M +31,086 New
D.E. Shaw & Co
109
D.E. Shaw & Co
New York
$1.31M -$2.24M -60,642 -66%
CIC
110
Cornercap Investment Counsel
Georgia
$1.31M – – –
NCL
111
Nishkama Capital LLC
Puerto Rico
$1.27M -$1.44M -38,924 -57%
Citigroup
112
Citigroup
New York
$1.26M +$446K +12,096 +69%
RWA
113
Redhawk Wealth Advisors
Minnesota
$1.26M +$1.09M +29,609 New
Principal Financial Group
114
Principal Financial Group
Iowa
$1.25M +$836K +22,656 +339%
Canada Life
115
Canada Life
Manitoba, Canada
$1.24M -$179K -4,862 -14%
TI
116
Tidal Investments
Wisconsin
$1.22M +$744K +20,160 +240%
DS
117
DRW Securities
Illinois
$1.19M +$1.03M +27,937 New
Envestnet Asset Management
118
Envestnet Asset Management
Illinois
$1.18M +$291K +7,890 +40%
Teacher Retirement System of Texas
119
Teacher Retirement System of Texas
Texas
$1.18M -$279K -7,570 -21%
IA
120
Inspire Advisors
Idaho
$1.17M +$1.02M +27,541 New
AAP
121
Ardsley Advisory Partners
Connecticut
$1.17M -$2.14M -58,100 -68%
Deutsche Bank
122
Deutsche Bank
Germany
$1.17M +$79.4K +2,150 +9%
MIM
123
MetLife Investment Management
New Jersey
$1.16M – – –
Two Sigma Advisers
124
Two Sigma Advisers
New York
$1.15M -$1.15M -31,200 -54%
AIG
125
American International Group
New York
$1.11M -$8.34K -226 -0.9%
3 4
5
6 7

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.