Energy-focused hedge fund SIR Capital Management significantly increased its position in infrastructure contractor Primoris Services Corp. during the second quarter of 2026. According to a quarterly filing with the SEC, which reflects trades made between March 31 and June 30, the firm boosted its holdings by over 151% to 93,640 shares, valued at approximately $9.3 million at the end of June.
The investment increase occurred during a challenging period for Primoris. In June 2026, the company announced significant cost overruns on several renewable energy projects, leading to a reduction in its full-year revenue and profit forecasts. This news was followed by the filing of a class-action lawsuit alleging the company had made misleading statements about its project management and cost forecasting abilities.