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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
M&T Bank
176
M&T Bank
New York
$300K -$13.1K -355 -5%
BFEC
177
Benjamin F. Edwards & Company
Missouri
$294K +$4.65K +126 +2%
OQS
178
Occudo Quantitative Strategies
Florida
$287K -$720K -19,507 -74%
AI
179
Atom Investors
Texas
$283K +$245K +6,639 New
Pictet Asset Management
180
Pictet Asset Management
Switzerland
$279K +$242K +6,555 New
Connor, Clark & Lunn Investment Management (CC&L)
181
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$273K +$237K +6,412 New
SG Americas Securities
182
SG Americas Securities
New York
$255K +$221K +5,994 New
SPS
183
Susquehanna Portfolio Strategies
Pennsylvania
$254K +$220K +5,955 New
Man Group
184
Man Group
United Kingdom
$246K +$213K +5,774 New
BBA
185
Baader Bank Aktiengesellschaft
Germany
$235K +$204K +5,530 New
NA
186
NewEdge Advisors
Louisiana
$229K -$43.7K -1,183 -18%
AIP
187
Ameritas Investment Partners
Nebraska
$225K – – –
TRCT
188
Tower Research Capital (TRC)
New York
$222K -$402K -10,897 -68%
PD
189
Point72 (DIFC)
United Arab Emirates
$220K +$190K +5,158 New
Stifel Financial
190
Stifel Financial
Missouri
$216K -$55.3K -1,498 -23%
SW
191
Simplicity Wealth
New Jersey
$207K +$179K +4,860 New
Envestnet Portfolio Solutions
192
Envestnet Portfolio Solutions
Illinois
$204K +$177K +4,787 New
New York State Teachers Retirement System (NYSTRS)
193
New York State Teachers Retirement System (NYSTRS)
New York
$203K – – –
A
194
AlphaQuest
New York
$188K +$163K +4,409 New
SAM
195
Shell Asset Management
Netherlands
$178K -$13.8K -375 -10%
Nomura Asset Management
196
Nomura Asset Management
Japan
$177K -$47.5K -1,286 -24%
VI
197
Vestcor Inc
New Brunswick, Canada
$171K – – –
Lazard Asset Management
198
Lazard Asset Management
New York
$166K -$32K -868 -18%
EC
199
EntryPoint Capital
New York
$157K +$18.9K +513 +16%
MLICM
200
Metropolitan Life Insurance Company (MetLife)
New York
$119K -$8.16K -221 -7%
6 7
8
9 10

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.