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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
Teacher Retirement System of Texas
126
Teacher Retirement System of Texas
Texas
$37K +$384 +14 +1%
Barclays
127
Barclays
United Kingdom
$34K -$21.7K -792 -38%
CLOS
128
Compagnie Lombard Odier SCmA
Switzerland
$27K – – –
FHA
129
First Horizon Advisors
Tennessee
$17K +$4.11K +150 +31%
GSC
130
Ground Swell Capital
South Carolina
$12K -$8.17K -298 -40%
PTC
131
Private Trust Company
Ohio
$6K -$110 -4 -2%
MA
132
MUFG Americas
New York
$6K +$6.17K +225 New
Bank of Montreal
133
Bank of Montreal
Ontario, Canada
$5K -$789K -28,776 -99%
Envestnet Asset Management
134
Envestnet Asset Management
Illinois
$4K -$6.61K -241 -61%
LTFS
135
Ladenburg Thalmann Financial Services
Florida
$4K – – –
PNC Financial Services Group
136
PNC Financial Services Group
Pennsylvania
$3K – – –
KT
137
Kanaly Trust
Texas
$3K +$3.43K +125 New
Manulife (Manufacturers Life Insurance)
138
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.32K -$22.5K -820 -2%
WA
139
WFG Advisors
Texas
$1K +$1.07K +39 +390%
PMAM
140
Picton Mahoney Asset Management
Ontario, Canada
$470 – – –
FAM
141
Fred Alger Management
New York
– -$8.66M -300,302 Closed
HW
142
Hancock Whitney
Mississippi
– -$8.14M -282,100 Closed
RCMC
143
RK Capital Management (Colorado)
Colorado
– -$4.01M -139,195 Closed
DCM
144
Driehaus Capital Management
Illinois
– -$2.24M -77,706 Closed
N
145
Nuveen
North Carolina
– -$2M -69,326 Closed
Two Sigma Investments
146
Two Sigma Investments
New York
– -$1.22M -42,408 Closed
EI
147
EAM Investors
California
– -$1.22M -42,276 Closed
EIM
148
Essex Investment Management
Massachusetts
– -$1.18M -41,070 Closed
Prudential Financial
149
Prudential Financial
New Jersey
– -$1.12M -38,747 Closed
Millennium Management
150
Millennium Management
New York
– -$1.08M -37,359 Closed
3 4 5
6
7

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.