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Primoris Services
PRIM

179 hedge funds and large institutions have $1.46B invested in Primoris Services in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 54 increasing their positions, 67 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

774% more call options, than puts

Call options by funds: $402K | Put options by funds: $46K

58% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 19

24% more capital invested

Capital invested by funds: $1.18B → $1.46B (+$280M)

5% more funds holding

Funds holding: 170 → 179 (+9)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.04% less ownership

Funds ownership: 90.35% → 90.31% (-0.04%)

19% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 67

Holders
179
Holders Change
+9
Holders Change %
+5.29%
% of All Funds
2.81%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
30
Increased
54
Reduced
67
Closed
19
Calls
$402K
Puts
$46K
Net Calls
+$356K
Net Calls Change
-$2.23M

Top Buyers

1
DCM
Driehaus Capital Management
Illinois
+$17.3M
2
Franklin Resources
Franklin Resources
California
+$15M
3
Boston Partners
Boston Partners
Massachusetts
+$11.9M
4
EIM
Essex Investment Management
Massachusetts
+$6.62M
5
DCP
Diameter Capital Partners
New York
+$5.88M

Top Sellers

1
BCM
Bridgeway Capital Management
Texas
-$10.4M
2
VBA
Van Berkom & Associates
Quebec, Canada
-$8.12M
3
BlackRock
BlackRock
New York
-$5.83M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$5.3M
5
Norges Bank
Norges Bank
Norway
-$4.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$163M -$3.69M -137,902 -3%
BlackRock
2
BlackRock
New York
$145M -$5.83M -217,755 -4%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$109M -$5.3M -197,936 -5%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$104M +$5.59M +208,956 +7%
Franklin Resources
5
Franklin Resources
California
$89M +$15M +561,593 +24%
VBA
6
Van Berkom & Associates
Quebec, Canada
$61.1M -$8.12M -303,244 -13%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$51.9M -$716K -26,763 -2%
Invesco
8
Invesco
Georgia
$48.8M -$1.83M -68,328 -4%
GKIM
9
GW&K Investment Management
Massachusetts
$48.6M -$473K -17,668 -1%
Schroder Investment Management Group
10
Schroder Investment Management Group
United Kingdom
$35.6M -$202K -7,541 -0.6%
State Street
11
State Street
Massachusetts
$35.5M -$2.46M -91,907 -7%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$31.5M +$4.04K +151 +0%
Charles Schwab
13
Charles Schwab
California
$28.2M -$257K -9,604 -1%
Ameriprise
14
Ameriprise
Minnesota
$20.8M +$1.66M +61,836 +10%
LSV Asset Management
15
LSV Asset Management
Illinois
$20.8M -$214K -8,000 -1%
ClearBridge Investments
16
ClearBridge Investments
New York
$20.7M -$2.79M -104,331 -13%
DCM
17
Driehaus Capital Management
Illinois
$19.6M +$17.3M +644,769 New
Jacobs Levy Equity Management
18
Jacobs Levy Equity Management
New Jersey
$18.4M +$78.3K +2,926 +0.5%
Northern Trust
19
Northern Trust
Illinois
$18M +$181K +6,780 +1%
Morgan Stanley
20
Morgan Stanley
New York
$17.2M +$355K +13,273 +2%
DCP
21
Diameter Capital Partners
New York
$17.1M +$5.88M +219,589 +64%
Mirae Asset Global Investments
22
Mirae Asset Global Investments
South Korea
$16.6M +$1.14M +42,642 +9%
First Trust Advisors
23
First Trust Advisors
Illinois
$15.4M +$623K +23,274 +5%
JVBC
24
J.V. Bruni & Co
Colorado
$15M +$33.5K +1,252 +0.3%
VHMC
25
Value Holdings Management Company
New York
$14.1M – – –
1
2 3 4 5

PRIM Hedge Fund Activity: Q2 2023 in Review

179 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q2 2023, worth a combined $1.46B — up 24% from $1.18B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new PRIM positions and 19 closed out — a net gain of 11 holders — while 54 added to existing stakes and 67 trimmed.

The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $17.3M. The largest seller was Bridgeway Capital Management, cutting an estimated $10.4M.

  • 179 institutional investors held Primoris Services (PRIM) as of Q2 2023, up from 170 in Q1 2023.
  • Funds reported $1.46B of Primoris Services stock for Q2 2023, up 24% quarter-over-quarter.
  • 30 funds opened new Primoris Services positions in Q2 2023 and 19 closed out, a net change of +11 holders.
  • The largest Primoris Services buyer in Q2 2023 was Driehaus Capital Management, an estimated $17.3M added.
  • The largest Primoris Services seller in Q2 2023 was Bridgeway Capital Management, an estimated $10.4M sold.

Based on aggregated 13F filings for Q2 2023.