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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
SEI Investments
126
SEI Investments
Pennsylvania
$1.11M +$6.94K +188 +0.7%
JFG
127
Jefferies Financial Group
New York
$1.09M +$949K +25,720 New
EGM
128
Engineers Gate Manager
New York
$1.09M -$276K -7,487 -23%
Federated Hermes
129
Federated Hermes
Pennsylvania
$1.09M +$880K +23,855 +1,308%
LPL Financial
130
LPL Financial
California
$1.07M -$12.2K -331 -1%
YIH
131
Y-Intercept (HK)
Hong Kong
$950K +$190K +5,136 +30%
IFS
132
Ifrah Financial Services
Arkansas
$950K +$337K +9,139 +69%
SO
133
STRS Ohio
Ohio
$881K -$185K -5,000 -19%
DTL
134
Dynamic Technology Lab
Singapore
$874K -$193K -5,237 -20%
TDC
135
Thompson Davis & Co
Virginia
$855K +$269K +7,300 +57%
GCM
136
Graham Capital Management
Connecticut
$837K +$8.86K +240 +1%
PFG
137
PAX Financial Group
Texas
$757K +$656K +17,784 New
VOYA Investment Management
138
VOYA Investment Management
Georgia
$750K -$142K -3,856 -18%
II
139
Inspire Investing
Idaho
$742K +$217K +5,871 +51%
ZCM
140
Ziegler Capital Management
Illinois
$724K +$41.9K +1,136 +7%
CB
141
Commerce Bank
Missouri
$713K -$21.2K -575 -3%
BHCM
142
Boulder Hill Capital Management
New York
$651K +$565K +15,300 New
PCMI
143
Paradigm Capital Management Inc
New York
$639K -$111K -3,000 -17%
Allspring Global Investments
144
Allspring Global Investments
North Carolina
$636K +$45.6K +1,236 +9%
ASRS
145
Arizona State Retirement System
Arizona
$624K -$8.97K -243 -2%
Osaic Holdings
146
Osaic Holdings
Arizona
$599K +$32.3K +874 +7%
FB
147
Fulton Bank
Pennsylvania
$558K +$1.07K +29 +0.2%
Empower Advisory Group
148
Empower Advisory Group
Colorado
$537K – – –
DFCM
149
Dark Forest Capital Management
Puerto Rico
$511K -$220K -5,957 -33%
Zurich Cantonal Bank
150
Zurich Cantonal Bank
Switzerland
$475K -$74.7K -2,023 -15%
4 5
6
7 8

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.