Primoris Services
PRIM
138 hedge funds and large institutions have $1B invested in Primoris Services in 2018 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 40 increasing their positions, 62 reducing their positions, and 31 closing their positions.
2.54% more ownership
Funds ownership: 75.91% → 78.45% (+2.5%)
6% less capital invested
Capital invested by funds: $1.07B → $1B (-$61.8M)
12% less funds holding
Funds holding: 157 → 138 (-19)
35% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 62
58% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$32.4M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$15.5M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$11.5M |
| 4 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$9.84M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$6.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HW
Hancock Whitney
Gulfport,
Mississippi
|
-$7.03M |
| 2 |
Goldman Sachs
New York
|
-$5.62M |
| 3 |
Man Group
London,
United Kingdom
|
-$4.84M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$4.73M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$4.72M |
PRIM Hedge Fund Activity: Q3 2018 in Review
138 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q3 2018, worth a combined $1B — down 5.8% from $1.07B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PRIM and 13 opened new positions — a net loss of 18 holders — while 62 trimmed existing stakes and 40 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $32.4M. The largest seller was Hancock Whitney, exiting entirely with an estimated $7.03M sold.
- 138 institutional investors held Primoris Services (PRIM) as of Q3 2018, down from 157 in Q2 2018.
- Funds reported $1B of Primoris Services stock for Q3 2018, down 5.8% quarter-over-quarter.
- 13 funds opened new Primoris Services positions in Q3 2018 and 31 closed out, a net change of -18 holders.
- The largest Primoris Services buyer in Q3 2018 was DePrince Race & Zollo Inc (DRZ), an estimated $32.4M added.
- The largest Primoris Services seller in Q3 2018 was Hancock Whitney, an estimated $7.03M sold.
Based on aggregated 13F filings for Q3 2018.