Patrick Industries
PATK
101 hedge funds and large institutions have $362M invested in Patrick Industries in 2014 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 35 increasing their positions, 27 reducing their positions, and 5 closing their positions.
560% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 5
66% more capital invested
Capital invested by funds: $218M → $362M (+$143M)
36% more funds holding
Funds holding: 74 → 101 (+27)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
30% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$11M |
| 2 |
JP Morgan Chase
New York
|
+$4.39M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$4.21M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.56M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$3.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
-$5.92M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.92M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.91M |
| 4 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
-$2.41M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$1.85M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $246 | +$9.02K | +813 | +5% |
|
102
Axa
Paris,
France
| – | -$801K | -93,488 | Closed |
|
|
CIC
103
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$474K | -55,283 | Closed |
|
104
Millennium Management
New York
| – | -$426K | -49,650 | Closed |
|
|
BGIM
105
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$322K | -37,463 | Closed |
|
|
EWM
106
Edge Wealth Management
New York
| – | -$289K | -33,750 | Closed |
|
PATK Hedge Fund Activity: Q1 2014 in Review
101 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Patrick Industries (PATK) for Q1 2014, worth a combined $362M — up 66% from $218M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PATK positions and 5 closed out — a net gain of 28 holders — while 35 added to existing stakes and 27 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $11M. The largest seller was Gendell Jeffrey L, cutting an estimated $5.92M.
- 101 institutional investors held Patrick Industries (PATK) as of Q1 2014, up from 74 in Q4 2013.
- Funds reported $362M of Patrick Industries stock for Q1 2014, up 66% quarter-over-quarter.
- 33 funds opened new Patrick Industries positions in Q1 2014 and 5 closed out, a net change of +28 holders.
- The largest Patrick Industries buyer in Q1 2014 was Wellington Management Group, an estimated $11M added.
- The largest Patrick Industries seller in Q1 2014 was Gendell Jeffrey L, an estimated $5.92M sold.
Based on aggregated 13F filings for Q1 2014.