Perimeter Solutions
162 hedge funds and large institutions have $950M invested in Perimeter Solutions in 2024 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 50 increasing their positions, 46 reducing their positions, and 21 closing their positions.
25,067% more call options, than puts
Call options by funds: $755K | Put options by funds: $3K
76% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 21
57% more capital invested
Capital invested by funds: $607M → $950M (+$343M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
10% more funds holding
Funds holding: 147 → 162 (+15)
1.49% more ownership
Funds ownership: 86.39% → 87.88% (+1.5%)
9% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.33M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.11M |
| 3 |
JP Morgan Chase
New York
|
+$3.96M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$3.91M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Slate Path Capital
New York
|
-$13.9M |
| 2 |
Morgan Stanley
New York
|
-$12.2M |
| 3 |
RP
Repertoire Partners
New York
|
-$4.91M |
| 4 |
Citigroup
New York
|
-$3.19M |
| 5 |
PTC
Petrus Trust Company
Dallas,
Texas
|
-$2.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWS
176
Glassman Wealth Services
Vienna,
Virginia
| – | -$3.26K | -708 | Closed |
|
|
ASN
177
Advisory Services Network
Atlanta,
Georgia
| – | -$1.99K | -432 | Closed |
|
|
EWA
178
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$1K | -218 | Closed |
|
|
C
179
Covestor
London,
United Kingdom
| – | -$786 | -146 | -87% |
|
|
TFGT
180
TS Financial Group (TSFG)
Lake Forest,
Illinois
| – | -$646 | -120 | -85% |
|
|
PTC
181
Private Trust Company
Cleveland,
Ohio
| – | -$474 | -103 | Closed |
|
182
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$281 | -61 | Closed |
|
|
FPB
183
First PREMIER Bank
Sioux Falls,
South Dakota
| – | +$183 | +34 | New |
|
PRM Hedge Fund Activity: Q1 2024 in Review
162 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Perimeter Solutions (PRM) for Q1 2024, worth a combined $950M — up 57% from $607M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new PRM positions and 21 closed out — a net gain of 16 holders — while 50 added to existing stakes and 46 trimmed.
The largest buyer was Bank of America, adding an estimated $4.33M. The largest seller was Slate Path Capital, exiting entirely with an estimated $13.9M sold.
- 162 institutional investors held Perimeter Solutions (PRM) as of Q1 2024, up from 147 in Q4 2023.
- Funds reported $950M of Perimeter Solutions stock for Q1 2024, up 57% quarter-over-quarter.
- 37 funds opened new Perimeter Solutions positions in Q1 2024 and 21 closed out, a net change of +16 holders.
- The largest Perimeter Solutions buyer in Q1 2024 was Bank of America, an estimated $4.33M added.
- The largest Perimeter Solutions seller in Q1 2024 was Slate Path Capital, an estimated $13.9M sold.
Based on aggregated 13F filings for Q1 2024.