Primoris Services
PRIM
170 hedge funds and large institutions have $1.18B invested in Primoris Services in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 67 increasing their positions, 52 reducing their positions, and 23 closing their positions.
1,648% more call options, than puts
Call options by funds: $2.74M | Put options by funds: $157K
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
29% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 52
23% more capital invested
Capital invested by funds: $966M → $1.18B (+$218M)
1.89% more ownership
Funds ownership: 88.46% → 90.35% (+1.9%)
5% less funds holding
Funds holding: 179 → 170 (-9)
30% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$20.6M |
| 2 |
DCP
Diameter Capital Partners
New York
|
+$8.65M |
| 3 |
YCM
Yaupon Capital Management
New York
|
+$6.43M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.43M |
| 5 |
BlackRock
New York
|
+$6.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$8.15M |
| 2 |
Millennium Management
New York
|
-$8.11M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$6.98M |
| 4 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$4.49M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$4.21M |
PRIM Hedge Fund Activity: Q1 2023 in Review
170 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q1 2023, worth a combined $1.18B — up 23% from $966M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PRIM and 16 opened new positions — a net loss of 7 holders — while 52 trimmed existing stakes and 67 added.
The largest buyer was Franklin Resources, adding an estimated $20.6M. The largest seller was Goldman Sachs, cutting an estimated $8.15M.
- 170 institutional investors held Primoris Services (PRIM) as of Q1 2023, down from 179 in Q4 2022.
- Funds reported $1.18B of Primoris Services stock for Q1 2023, up 23% quarter-over-quarter.
- 16 funds opened new Primoris Services positions in Q1 2023 and 23 closed out, a net change of -7 holders.
- The largest Primoris Services buyer in Q1 2023 was Franklin Resources, an estimated $20.6M added.
- The largest Primoris Services seller in Q1 2023 was Goldman Sachs, an estimated $8.15M sold.
Based on aggregated 13F filings for Q1 2023.