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Patrick Industries
PATK

74 hedge funds and large institutions have $218M invested in Patrick Industries in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

71% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 21

4% less funds holding

Funds holding: 77 → 74 (-3)

6% less capital invested

Capital invested by funds: $233M → $218M (-$14.3M)

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

Holders
74
Holders Change
-3
Holders Change %
-3.9%
% of All Funds
2.15%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.09%
New
11
Increased
36
Reduced
21
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$11.1M
2
NPIC
Neumeier Poma Investment Counsel
California
+$5.13M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$4.49M
4
TCM
Tygh Capital Management
Oregon
+$3.83M
5
Renaissance Technologies
Renaissance Technologies
New York
+$1.65M

Top Sellers

Rank Fund Capital Flow
1
GJL
Gendell Jeffrey L
-$34.3M
2
RCP
RIT Capital Partners
United Kingdom
-$6.51M
3
BCM
Bridgeway Capital Management
Texas
-$2.17M
4
Wells Fargo
Wells Fargo
California
-$1.93M
5
LPL Financial
LPL Financial
California
-$677K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$1.3M +$43.6K +4,931 +3%
BCM
27
Bridgeway Capital Management
Texas
$1.18M -$2.17M -245,700 -64%
TCIM
28
TIAA CREF Investment Management
New York
$1.03M +$36.1K +4,084 +4%
MFIMFI
29
Mesirow Financial Investment Management - Fixed Income
Illinois
$1M +$577K +65,229 +127%
Two Sigma Investments
30
Two Sigma Investments
New York
$963K +$993K +112,340 New
Morgan Stanley
31
Morgan Stanley
New York
$960K +$496K +56,130 +101%
D.E. Shaw & Co
32
D.E. Shaw & Co
New York
$957K +$338K +38,265 +52%
Prudential Financial
33
Prudential Financial
New Jersey
$906K +$17.9K +2,025 +2%
CCM
34
Cadence Capital Management
Massachusetts
$898K – – –
Axa
35
Axa
France
$801K -$20.9K -2,362 -2%
California Public Employees Retirement System
36
California Public Employees Retirement System
California
$785K -$5.97K -675 -0.8%
JIR
37
James Investment Research
Ohio
$766K +$169K +19,103 +27%
SC
38
Spitfire Capital
California
$763K +$787K +88,979 New
NI
39
Numeric Investors
Massachusetts
$751K +$775K +87,608 New
AQR Capital Management
40
AQR Capital Management
Connecticut
$747K – – –
CS
41
Credit Suisse
Switzerland
$736K +$415K +46,902 +120%
RFC
42
Russell Frank Company
Washington
$532K +$447K +50,557 +74,349%
BIM
43
BlackRock Investment Management
Delaware
$527K -$23.1K -2,609 -4%
CIC
44
Cornercap Investment Counsel
Georgia
$474K +$16K +1,806 +3%
Millennium Management
45
Millennium Management
New York
$426K +$238K +26,953 +119%
CCM
46
Coe Capital Management
Illinois
$413K +$426K +48,202 New
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$361K +$19.8K +2,237 +6%
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$351K +$5.97K +675 +2%
BGIM
49
Brandywine Global Investment Management
Pennsylvania
$322K -$83.6K -9,450 -20%
EWM
50
Edge Wealth Management
New York
$289K +$298K +33,750 New
1
2
3 4

PATK Hedge Fund Activity: Q4 2013 in Review

74 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Patrick Industries (PATK) for Q4 2013, worth a combined $218M — down 6.2% from $233M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PATK and 11 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 36 added.

The largest buyer was Royal Bank of Canada, adding an estimated $11.1M. The largest seller was Gendell Jeffrey L, cutting an estimated $34.3M.

  • 74 institutional investors held Patrick Industries (PATK) as of Q4 2013, down from 77 in Q3 2013.
  • Funds reported $218M of Patrick Industries stock for Q4 2013, down 6.2% quarter-over-quarter.
  • 11 funds opened new Patrick Industries positions in Q4 2013 and 14 closed out, a net change of -3 holders.
  • The largest Patrick Industries buyer in Q4 2013 was Royal Bank of Canada, an estimated $11.1M added.
  • The largest Patrick Industries seller in Q4 2013 was Gendell Jeffrey L, an estimated $34.3M sold.

Based on aggregated 13F filings for Q4 2013.