Primoris Services
PRIM
120 hedge funds and large institutions have $690M invested in Primoris Services in 2015 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 52 increasing their positions, 43 reducing their positions, and 23 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 43
19% more capital invested
Capital invested by funds: $579M → $690M (+$111M)
8% less funds holding
Funds holding: 130 → 120 (-10)
43% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$40.2M |
| 2 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
+$11.2M |
| 3 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
+$8.25M |
| 4 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$6.14M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$6.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$13.7M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$13.2M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$11.8M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$10.2M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$9.45M |
PRIM Hedge Fund Activity: Q2 2015 in Review
120 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q2 2015, worth a combined $690M — up 19% from $579M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PRIM and 13 opened new positions — a net loss of 10 holders — while 43 trimmed existing stakes and 52 added.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $40.2M. The largest seller was Victory Capital Management, cutting an estimated $13.7M.
- 120 institutional investors held Primoris Services (PRIM) as of Q2 2015, down from 130 in Q1 2015.
- Funds reported $690M of Primoris Services stock for Q2 2015, up 19% quarter-over-quarter.
- 13 funds opened new Primoris Services positions in Q2 2015 and 23 closed out, a net change of -10 holders.
- The largest Primoris Services buyer in Q2 2015 was Wellington Management Group, an estimated $40.2M added.
- The largest Primoris Services seller in Q2 2015 was Victory Capital Management, an estimated $13.7M sold.
Based on aggregated 13F filings for Q2 2015.