Patrick Industries
PATK
124 hedge funds and large institutions have $516M invested in Patrick Industries in 2015 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 38 increasing their positions, 42 reducing their positions, and 9 closing their positions.
233% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 9
45% more capital invested
Capital invested by funds: $356M → $516M (+$159M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
20% more funds holding
Funds holding: 103 → 124 (+21)
10% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$16.5M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$5.1M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$3.43M |
| 4 |
Renaissance Technologies
New York
|
+$2.33M |
| 5 |
Two Sigma Advisers
New York
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
-$19.7M |
| 2 |
WC
Weatherbie Capital
Boston,
Massachusetts
|
-$6.86M |
| 3 |
SC
Spitfire Capital
Mill Valley,
California
|
-$4.1M |
| 4 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
-$3.43M |
| 5 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
-$2.6M |
PATK Hedge Fund Activity: Q1 2015 in Review
124 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Patrick Industries (PATK) for Q1 2015, worth a combined $516M — up 45% from $356M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PATK positions and 9 closed out — a net gain of 21 holders — while 38 added to existing stakes and 42 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $16.5M. The largest seller was Gendell Jeffrey L, cutting an estimated $19.7M.
- 124 institutional investors held Patrick Industries (PATK) as of Q1 2015, up from 103 in Q4 2014.
- Funds reported $516M of Patrick Industries stock for Q1 2015, up 45% quarter-over-quarter.
- 30 funds opened new Patrick Industries positions in Q1 2015 and 9 closed out, a net change of +21 holders.
- The largest Patrick Industries buyer in Q1 2015 was Lord, Abbett & Co, an estimated $16.5M added.
- The largest Patrick Industries seller in Q1 2015 was Gendell Jeffrey L, an estimated $19.7M sold.
Based on aggregated 13F filings for Q1 2015.