Primoris Services
PRIM
294 hedge funds and large institutions have $2.51B invested in Primoris Services in 2024 Q2 according to their latest regulatory filings, with 86 funds opening new positions, 101 increasing their positions, 90 reducing their positions, and 28 closing their positions.
207% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 28
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
23% more funds holding
Funds holding: 240 → 294 (+54)
20% more capital invested
Capital invested by funds: $2.09B → $2.51B (+$421M)
12% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 90
1.53% more ownership
Funds ownership: 92.3% → 93.84% (+1.5%)
2% more call options, than puts
Call options by funds: $11.4M | Put options by funds: $11.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$27.9M |
| 2 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
+$23M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$23M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
+$17.6M |
| 5 |
BCP
Bayberry Capital Partners
New York
|
+$16.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$60.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$57M |
| 3 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$20M |
| 4 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$19.7M |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$15.4M |
PRIM Hedge Fund Activity: Q2 2024 in Review
294 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Primoris Services (PRIM) for Q2 2024, worth a combined $2.51B — up 20% from $2.09B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new PRIM positions and 28 closed out — a net gain of 58 holders — while 101 added to existing stakes and 90 trimmed.
The largest buyer was Marshall Wace, opening a new position worth an estimated $27.9M. The largest seller was Wellington Management Group, cutting an estimated $60.1M.
- 294 institutional investors held Primoris Services (PRIM) as of Q2 2024, up from 240 in Q1 2024.
- Funds reported $2.51B of Primoris Services stock for Q2 2024, up 20% quarter-over-quarter.
- 86 funds opened new Primoris Services positions in Q2 2024 and 28 closed out, a net change of +58 holders.
- The largest Primoris Services buyer in Q2 2024 was Marshall Wace, an estimated $27.9M added.
- The largest Primoris Services seller in Q2 2024 was Wellington Management Group, an estimated $60.1M sold.
Based on aggregated 13F filings for Q2 2024.