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Patria Investments
PAX

143 hedge funds and large institutions have $615M invested in Patria Investments in 2025 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 62 increasing their positions, 37 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 37

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

30% more capital invested

Capital invested by funds: $473M → $615M (+$143M)

29% more call options, than puts

Call options by funds: $1.38M | Put options by funds: $1.07M

26% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 23

4.52% more ownership

Funds ownership: 67.65% → 72.18% (+4.5%)

3% more funds holding

Funds holding: 139 → 143 (+4)

Holders
143
Holders Change
+4
Holders Change %
+2.88%
% of All Funds
1.88%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
29
Increased
62
Reduced
37
Closed
23
Calls
$1.38M
Puts
$1.07M
Net Calls
+$306K
Net Calls Change
+$744K

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$16.9M
2
Millennium Management
Millennium Management
New York
+$5.91M
3
MFM
MHR Fund Management
New York
+$5.13M
4
6CM
683 Capital Management
New York
+$4.8M
5
IMC
Inherent Management Corp
New York
+$3.09M

Top Sellers

Rank Fund Capital Flow
1
GPGA
Grandeur Peak Global Advisors
Utah
-$9.74M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$4.76M
3
N
Nuveen
North Carolina
-$4.28M
4
Fidelity International
Fidelity International
Bermuda
-$3.46M
5
Capital International Investors
Capital International Investors
California
-$2.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
26
Invesco
Georgia
$2.92M +$1.25M +103,934 +100%
Citigroup
27
Citigroup
New York
$2.69M +$1.49M +124,231 +184%
American Century Companies
28
American Century Companies
Missouri
$2.43M +$1.6M +133,313 +338%
Charles Schwab
29
Charles Schwab
California
$2.13M +$141K +11,761 +8%
National Bank of Canada
30
National Bank of Canada
Quebec, Canada
$2.12M +$458K +38,180 +34%
Robeco Institutional Asset Management
31
Robeco Institutional Asset Management
Netherlands
$2.11M – – –
Bank of America
32
Bank of America
North Carolina
$2.1M +$981K +81,807 +122%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$1.98M +$62.8K +5,235 +4%
Allianz Asset Management
34
Allianz Asset Management
Germany
$1.97M +$1.68M +140,000 New
Federated Hermes
35
Federated Hermes
Pennsylvania
$1.9M – – –
Goldman Sachs
36
Goldman Sachs
New York
$1.86M -$2.13M -177,879 -57%
AIC
37
Aurora Investment Counsel
Georgia
$1.7M -$16.3K -1,361 -1%
Barclays
38
Barclays
United Kingdom
$1.5M +$525K +43,751 +70%
RhumbLine Advisers
39
RhumbLine Advisers
Massachusetts
$1.3M +$125K +10,442 +13%
TCM
40
TT Capital Management
California
$1.24M +$154K +12,850 +17%
AG
41
Algert Global
California
$1.15M +$575K +47,931 +141%
MAM
42
Martingale Asset Management
Massachusetts
$1.13M +$71K +5,917 +8%
Susquehanna International Group
43
Susquehanna International Group
Pennsylvania
$1.12M -$178K -14,883 -16%
AQR Capital Management
44
AQR Capital Management
Connecticut
$1.12M +$427K +35,596 +81%
New York State Common Retirement Fund
45
New York State Common Retirement Fund
New York
$1.12M +$478K +39,900 +101%
UIC
46
Uniplan Investment Counsel
Wisconsin
$1.08M +$920K +76,731 New
Jane Street
47
Jane Street
New York
$1.08M +$92.5K +7,713 +11%
Commonwealth Equity Services
48
Commonwealth Equity Services
Massachusetts
$1.08M +$83.7K +6,983 +10%
Russell Investments Group
49
Russell Investments Group
United Kingdom
$940K +$517K +43,096 +181%
QT
50
Quantbot Technologies
New York
$914K +$591K +49,261 +312%
1
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PAX Hedge Fund Activity: Q2 2025 in Review

143 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Patria Investments (PAX) for Q2 2025, worth a combined $615M — up 30% from $473M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new PAX positions and 23 closed out — a net gain of 6 holders — while 62 added to existing stakes and 37 trimmed.

The largest buyer was UBS Group, adding an estimated $16.9M. The largest seller was Grandeur Peak Global Advisors, cutting an estimated $9.74M.

  • 143 institutional investors held Patria Investments (PAX) as of Q2 2025, up from 139 in Q1 2025.
  • Funds reported $615M of Patria Investments stock for Q2 2025, up 30% quarter-over-quarter.
  • 29 funds opened new Patria Investments positions in Q2 2025 and 23 closed out, a net change of +6 holders.
  • The largest Patria Investments buyer in Q2 2025 was UBS Group, an estimated $16.9M added.
  • The largest Patria Investments seller in Q2 2025 was Grandeur Peak Global Advisors, an estimated $9.74M sold.

Based on aggregated 13F filings for Q2 2025.