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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$11.1M |
| 2 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
+$5.13M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$4.49M |
| 4 |
TCM
Tygh Capital Management
Portland,
Oregon
|
+$3.83M |
| 5 |
Renaissance Technologies
New York
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
-$34.3M |
| 2 |
RCP
RIT Capital Partners
London,
United Kingdom
|
-$6.51M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$2.17M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.93M |
| 5 |
LPL Financial
San Diego,
California
|
-$677K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
LPL Financial
San Diego,
California
| – | -$677K | -79,937 | Closed |
|
|
PP
77
PDT Partners
New York
| – | -$567K | -63,720 | Closed |
|
|
ACM
78
Ativo Capital Management
Chicago,
Illinois
| – | -$392K | -44,007 | Closed |
|
|
AI
79
Analytic Investors
Los Angeles,
California
| – | -$365K | -40,996 | Closed |
|
|
GCP
80
GSA Capital Partners
London,
United Kingdom
| – | -$357K | -40,122 | Closed |
|
81
Goldman Sachs
New York
| – | -$356K | -39,963 | Closed |
|
|
GC
82
Guggenheim Capital
Chicago,
Illinois
| – | -$288K | -32,309 | Closed |
|
|
IMS
83
Index Management Solutions
Philadelphia,
Pennsylvania
| – | -$222K | -24,921 | Closed |
|
|
HHC
84
Hutchin Hill Capital
New York
| – | -$201K | -22,613 | Closed |
|
|
PCM
85
Prelude Capital Management
New York
| – | -$41K | -4,556 | Closed |
|
86
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$14K | -1,529 | Closed |
|
87
Creative Planning
Overland Park,
Kansas
| – | -$9K | -1,013 | Closed |
|
|
OSAM
88
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$5K | -530 | Closed |
|
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.