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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
PI
126
PineBridge Investments
New York
$365K +$365K +11,159 New
VI
127
Versor Investments
New York
$361K +$360K +11,016 New
DTL
128
Dynamic Technology Lab
Singapore
$360K +$94.1K +2,878 +35%
FB
129
Fulton Bank
Pennsylvania
$354K +$353K +10,806 New
SOW
130
State of Wyoming
Wyoming
$348K +$26K +795 +8%
JMPWA
131
JP Morgan Private Wealth Advisors
California
$342K -$23.8K -728 -7%
Zurich Cantonal Bank
132
Zurich Cantonal Bank
Switzerland
$339K – – –
DC
133
Davenport & Co
Virginia
$310K +$309K +9,467 New
II
134
Inspire Investing
Idaho
$307K +$307K +9,385 New
CCM
135
Cox Capital Management
Massachusetts
$297K +$297K +9,075 New
PNC Financial Services Group
136
PNC Financial Services Group
Pennsylvania
$296K -$54.6K -1,671 -16%
SG Americas Securities
137
SG Americas Securities
New York
$288K +$287K +8,792 New
GCM
138
Graham Capital Management
Connecticut
$277K -$408K -12,485 -60%
Arrowstreet Capital
139
Arrowstreet Capital
Massachusetts
$272K +$271K +8,297 New
PSP
140
Principal Street Partners
Tennessee
$271K +$271K +8,294 New
ACM
141
Aquatic Capital Management
Illinois
$268K +$209K +6,400 +356%
HSBC Holdings
142
HSBC Holdings
United Kingdom
$262K +$260K +7,963 New
CAN
143
Cetera Advisor Networks
California
$261K +$260K +7,959 New
Principal Financial Group
144
Principal Financial Group
Iowa
$255K +$255K +7,792 New
PCM
145
Prelude Capital Management
New York
$253K +$252K +7,721 New
HCM
146
Hilton Capital Management
New York
$248K -$2.65K -81 -1%
MML Investors Services
147
MML Investors Services
Massachusetts
$242K +$915 +28 +0.4%
Tudor Investment Corp
148
Tudor Investment Corp
Connecticut
$240K +$240K +7,346 New
CC
149
Corton Capital
Ontario, Canada
$234K +$234K +7,160 New
Connor, Clark & Lunn Investment Management (CC&L)
150
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$230K +$230K +7,023 New
4 5
6
7 8

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.