Patrick Industries
PATK
137 hedge funds and large institutions have $584M invested in Patrick Industries in 2016 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 53 increasing their positions, 50 reducing their positions, and 20 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
2% more funds holding
Funds holding: 134 → 137 (+3)
6% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 50
5% more capital invested
Capital invested by funds: $558M → $584M (+$26.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$8.31M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$8.24M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.37M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$4.08M |
| 5 |
Bank of New York Mellon
New York
|
+$3.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$7.07M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$6.56M |
| 3 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
-$4.82M |
| 4 |
GJL
Gendell Jeffrey L
|
-$3.38M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$3.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NA
151
Navellier & Associates
Reno,
Nevada
| – | -$224K | -11,581 | Closed |
|
|
PP
152
Paloma Partners
Greenwich,
Connecticut
| – | -$221K | -11,432 | Closed |
|
153
BNP Paribas Financial Markets
Paris,
France
| – | -$101K | -5,211 | Closed |
|
|
TRCT
154
Tower Research Capital (TRC)
New York
| – | -$85K | -4,379 | Closed |
|
|
PCM
155
Prelude Capital Management
New York
| – | -$39K | -2,025 | Closed |
|
|
IWMPD
156
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$9K | -450 | Closed |
|
|
IA
157
IFP Advisors
Tampa,
Florida
| – | -$4K | -225 | Closed |
|
PATK Hedge Fund Activity: Q1 2016 in Review
137 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Patrick Industries (PATK) for Q1 2016, worth a combined $584M — up 4.7% from $558M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PATK positions and 20 closed out — a net gain of 3 holders — while 53 added to existing stakes and 50 trimmed.
The largest buyer was PNC Financial Services Group, adding an estimated $8.31M. The largest seller was Kennedy Capital Management, cutting an estimated $7.07M.
- 137 institutional investors held Patrick Industries (PATK) as of Q1 2016, up from 134 in Q4 2015.
- Funds reported $584M of Patrick Industries stock for Q1 2016, up 4.7% quarter-over-quarter.
- 23 funds opened new Patrick Industries positions in Q1 2016 and 20 closed out, a net change of +3 holders.
- The largest Patrick Industries buyer in Q1 2016 was PNC Financial Services Group, an estimated $8.31M added.
- The largest Patrick Industries seller in Q1 2016 was Kennedy Capital Management, an estimated $7.07M sold.
Based on aggregated 13F filings for Q1 2016.