Primoris Services
PRIM
127 hedge funds and large institutions have $774M invested in Primoris Services in 2013 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 52 increasing their positions, 48 reducing their positions, and 14 closing their positions.
37% more capital invested
Capital invested by funds: $567M → $774M (+$207M)
29% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 14
2% more funds holding
Funds holding: 124 → 127 (+3)
8% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 48
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $51K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$19.2M |
| 2 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
+$9.21M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$7.94M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$6.69M |
| 5 |
PC
Pier Capital
Stamford,
Connecticut
|
+$6.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KeyBank National Association
Cleveland,
Ohio
|
-$15.3M |
| 2 |
Morgan Stanley
New York
|
-$9.83M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$8.97M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$7.5M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$5.73M |
PRIM Hedge Fund Activity: Q3 2013 in Review
127 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q3 2013, worth a combined $774M — up 37% from $567M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PRIM positions and 14 closed out — a net gain of 4 holders — while 52 added to existing stakes and 48 trimmed.
The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $19.2M. The largest seller was KeyBank National Association, cutting an estimated $15.3M.
- 127 institutional investors held Primoris Services (PRIM) as of Q3 2013, up from 124 in Q2 2013.
- Funds reported $774M of Primoris Services stock for Q3 2013, up 37% quarter-over-quarter.
- 18 funds opened new Primoris Services positions in Q3 2013 and 14 closed out, a net change of +4 holders.
- The largest Primoris Services buyer in Q3 2013 was Lord, Abbett & Co, an estimated $19.2M added.
- The largest Primoris Services seller in Q3 2013 was KeyBank National Association, an estimated $15.3M sold.
Based on aggregated 13F filings for Q3 2013.