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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
State Board of Administration of Florida Retirement System
151
State Board of Administration of Florida Retirement System
Florida
$471K +$145K +3,940 +26%
FRM
152
Fox Run Management
Connecticut
$458K +$102K +2,753 +34%
QC
153
Quadrature Capital
United Kingdom
$439K -$513K -13,891 -57%
DC
154
Davenport & Co
Virginia
$438K +$26.1K +706 +7%
HSBC Holdings
155
HSBC Holdings
United Kingdom
$438K -$391K -10,593 -51%
Mariner
156
Mariner
Kansas
$430K +$151K +4,085 +68%
Cetera Investment Advisers
157
Cetera Investment Advisers
Illinois
$412K +$357K +9,674 New
ProShare Advisors
158
ProShare Advisors
Maryland
$406K +$27.7K +751 +9%
CAN
159
Cetera Advisor Networks
California
$390K -$5.43K -147 -2%
XT
160
XTX Topco
Cayman Islands
$383K -$46.2K -1,253 -12%
NRD
161
Nebula Research & Development
New York
$370K +$320K +8,681 New
NYLIM
162
New York Life Investment Management
New York
$368K -$197K -5,350 -38%
MAM
163
Morse Asset Management
Connecticut
$349K +$303K +8,200 New
PNC Financial Services Group
164
PNC Financial Services Group
Pennsylvania
$349K -$6.5K -176 -2%
PAS
165
Point72 Asia (Singapore)
Singapore
$349K +$302K +8,189 New
SOW
166
State of Wyoming
Wyoming
$333K -$274K -7,413 -49%
CC
167
Centiva Capital
New York
$332K +$288K +7,797 New
HIS
168
Horizon Investment Services
Indiana
$325K +$282K +7,640 New
MML Investors Services
169
MML Investors Services
Massachusetts
$324K -$3.54K -96 -1%
CC
170
Corton Capital
Ontario, Canada
$319K -$155K -4,195 -36%
HighTower Advisors
171
HighTower Advisors
Illinois
$317K -$140K -3,788 -33%
PI
172
PFG Investments
New York
$315K +$273K +7,388 New
MFS
173
Mirabella Financial Services
United Kingdom
$312K +$270K +7,327 New
SPA
174
Sherbrooke Park Advisers
New York
$308K +$20.1K +545 +8%
ECM
175
EMC Capital Management
Texas
$301K -$226K -6,130 -46%
5 6
7
8 9

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.