Primoris Services
PRIM
130 hedge funds and large institutions have $825M invested in Primoris Services in 2019 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 51 increasing their positions, 42 reducing their positions, and 19 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 42
9% more capital invested
Capital invested by funds: $759M → $825M (+$66.2M)
1.26% more ownership
Funds ownership: 77.46% → 78.72% (+1.3%)
2% less funds holding
Funds holding: 132 → 130 (-2)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $41K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$5.35M |
| 2 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$4.98M |
| 3 |
Millennium Management
New York
|
+$3.65M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.4M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$3.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Homestead Advisers
Arlington,
Virginia
|
-$6.14M |
| 2 |
Renaissance Technologies
New York
|
-$3.89M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$2.6M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.93M |
| 5 |
Morgan Stanley
New York
|
-$1.93M |
PRIM Hedge Fund Activity: Q1 2019 in Review
130 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q1 2019, worth a combined $825M — up 8.7% from $759M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PRIM and 17 opened new positions — a net loss of 2 holders — while 42 trimmed existing stakes and 51 added.
The largest buyer was Wellington Management Group, adding an estimated $5.35M. The largest seller was Homestead Advisers, cutting an estimated $6.14M.
- 130 institutional investors held Primoris Services (PRIM) as of Q1 2019, down from 132 in Q4 2018.
- Funds reported $825M of Primoris Services stock for Q1 2019, up 8.7% quarter-over-quarter.
- 17 funds opened new Primoris Services positions in Q1 2019 and 19 closed out, a net change of -2 holders.
- The largest Primoris Services buyer in Q1 2019 was Wellington Management Group, an estimated $5.35M added.
- The largest Primoris Services seller in Q1 2019 was Homestead Advisers, an estimated $6.14M sold.
Based on aggregated 13F filings for Q1 2019.