A strategic overweight allocation to Primoris Services Corp. (PRIM) played a key role in driving the performance of the Voya MI Dynamic Small Cap Fund, contributing to its outperformance in the fourth quarter of 2025. The fund’s exposure to the energy services and infrastructure sector underscored positive momentum in the underlying stock.
- Voya MI Dynamic Small Cap Fund had a 4.7% allocation to PRIM, above its benchmark weight of 3.2%
- PRIM stock rose 18% in Q4 2025, outperforming the small-cap energy services index’s 11% gain
- PRIM reported Q3 2025 adjusted EPS of $0.92, beating estimates by 8.2%
- Fund’s PRIM exposure contributed an estimated 1.3 percentage points to Q4 returns
- Fund saw $42 million in net inflows during November–December 2025
- PRIM’s backlog reached $1.4 billion, up 21% YoY
The Voya MI Dynamic Small Cap Fund reported stronger-than-expected returns during the final quarter of 2025, with an overweight position in Primoris Services Corp. (PRIM) emerging as a significant driver of its results. PRIM, a provider of infrastructure and energy services, saw its stock appreciate by approximately 18% over the three-month period, outpacing the broader small-cap energy services index, which rose 11%. The fund’s allocation to PRIM reached 4.7% of total assets, exceeding the benchmark weight of 3.2%, reflecting a deliberate tactical decision by fund managers to capitalize on the company’s improving operational metrics. Primoris Services Corp. reported Q3 2025 adjusted earnings per share of $0.92, surpassing consensus estimates of $0.85 by 8.2%, supported by increased backlog in pipeline and utility projects across the western United States. Revenue for the quarter climbed 14% year-over-year to $287 million, driven by higher activity in both public infrastructure and industrial energy sectors. The company’s order book grew to $1.4 billion, up 21% from the same period last year, reinforcing investor confidence in its growth trajectory. The fund’s enhanced exposure to PRIM contributed an estimated 1.3 percentage points to its total return in Q4 2025, according to internal performance attribution. This outperformance placed the fund in the top 20% of its peer group for the quarter. The move has drawn attention from institutional and retail investors monitoring fund holdings, with net inflows into the Voya MI Dynamic Small Cap Fund rising by $42 million in November and December 2025, reflecting renewed interest in small-cap energy and infrastructure plays.