Primoris Services
PRIM
157 hedge funds and large institutions have $1.07B invested in Primoris Services in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 68 increasing their positions, 52 reducing their positions, and 31 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 52
14% more capital invested
Capital invested by funds: $931M → $1.07B (+$134M)
3.56% more ownership
Funds ownership: 72.36% → 75.91% (+3.6%)
11% less funds holding
Funds holding: 176 → 157 (-19)
58% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 31
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $76K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$20.8M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$18M |
| 3 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$13.6M |
| 4 |
HAM
Hillcrest Asset Management
Plano,
Texas
|
+$10.2M |
| 5 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
+$6.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$14.2M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$4.44M |
| 3 |
Two Sigma Investments
New York
|
-$4.08M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$3.89M |
| 5 |
MWNA
Marshall Wace North America
New York
|
-$3.89M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BF
176
BOK Financial
Tulsa,
Oklahoma
| – | -$341K | -13,625 | Closed |
|
|
VF
177
Virtu Financial
New York
| – | -$240K | -9,598 | Closed |
|
|
SCM
178
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$231K | -9,265 | Closed |
|
179
Verition Fund Management
Greenwich,
Connecticut
| – | -$222K | -8,883 | Closed |
|
|
ECM
180
Element Capital Management
New York
| – | -$221K | -8,866 | Closed |
|
|
HIM
181
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$107K | -4,300 | Closed |
|
|
VCM
182
Virtue Capital Management
Brentwood,
Tennessee
| – | -$15K | -570 | Closed |
|
183
DZ Bank
Frankfurt Am Main,
Germany
| – | -$11K | -461 | Closed |
|
|
SWP
184
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$8K | -331 | Closed |
|
|
GT
185
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$6K | -225 | Closed |
|
|
MIM
186
Macroview Investment Management
Bethesda,
Maryland
| – | -$1K | -57 | Closed |
|
187
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$1K | -45 | Closed |
|
|
SFM
188
Signet Financial Management
Parsippany,
New Jersey
| – | -$1K | -25 | Closed |
|
PRIM Hedge Fund Activity: Q2 2018 in Review
157 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q2 2018, worth a combined $1.07B — up 14% from $931M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PRIM and 13 opened new positions — a net loss of 18 holders — while 52 trimmed existing stakes and 68 added.
The largest buyer was Thrivent Financial for Lutherans, opening a new position worth an estimated $20.8M. The largest seller was Millennium Management, cutting an estimated $14.2M.
- 157 institutional investors held Primoris Services (PRIM) as of Q2 2018, down from 176 in Q1 2018.
- Funds reported $1.07B of Primoris Services stock for Q2 2018, up 14% quarter-over-quarter.
- 13 funds opened new Primoris Services positions in Q2 2018 and 31 closed out, a net change of -18 holders.
- The largest Primoris Services buyer in Q2 2018 was Thrivent Financial for Lutherans, an estimated $20.8M added.
- The largest Primoris Services seller in Q2 2018 was Millennium Management, an estimated $14.2M sold.
Based on aggregated 13F filings for Q2 2018.