Primoris Services
PRIM
145 hedge funds and large institutions have $722M invested in Primoris Services in 2020 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 62 increasing their positions, 40 reducing their positions, and 10 closing their positions.
190% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 10
55% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 40
14% more funds holding
Funds holding: 127 → 145 (+18)
10% more capital invested
Capital invested by funds: $657M → $722M (+$65M)
1.53% less ownership
Funds ownership: 85.79% → 84.26% (-1.5%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$14.4M |
| 2 |
JP Morgan Chase
New York
|
+$4.52M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.4M |
| 4 |
BlackRock
New York
|
+$3.66M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$3.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$21.9M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$16.9M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$14.4M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$10.7M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$4.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LSA
151
Lion Street Advisors
Austin,
Texas
| – | -$17K | -1,060 | Closed |
|
152
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$3K | -177 | Closed |
|
153
Fidelity Investments
Boston,
Massachusetts
| – | +$16 | +1 | New |
|
PRIM Hedge Fund Activity: Q2 2020 in Review
145 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q2 2020, worth a combined $722M — up 9.9% from $657M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new PRIM positions and 10 closed out — a net gain of 19 holders — while 62 added to existing stakes and 40 trimmed.
The largest buyer was SG Capital Management, opening a new position worth an estimated $14.4M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $21.9M.
- 145 institutional investors held Primoris Services (PRIM) as of Q2 2020, up from 127 in Q1 2020.
- Funds reported $722M of Primoris Services stock for Q2 2020, up 9.9% quarter-over-quarter.
- 29 funds opened new Primoris Services positions in Q2 2020 and 10 closed out, a net change of +19 holders.
- The largest Primoris Services buyer in Q2 2020 was SG Capital Management, an estimated $14.4M added.
- The largest Primoris Services seller in Q2 2020 was DePrince Race & Zollo Inc (DRZ), an estimated $21.9M sold.
Based on aggregated 13F filings for Q2 2020.