Patria Investments
139 hedge funds and large institutions have $473M invested in Patria Investments in 2025 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 38 increasing their positions, 52 reducing their positions, and 22 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
27% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 22
5% more funds holding
Funds holding: 133 → 139 (+6)
10.71% less ownership
Funds ownership: 78.36% → 67.65% (-11%)
13% less capital invested
Capital invested by funds: $544M → $473M (-$71.6M)
27% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 52
31% less call options, than puts
Call options by funds: $962K | Put options by funds: $1.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFM
MHR Fund Management
New York
|
+$2.33M |
| 2 |
PP
Praetorian PR
Rincon,
Puerto Rico
|
+$1.81M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$1.65M |
| 4 |
DA
Denali Advisors
San Diego,
California
|
+$1.05M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$728K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$18.1M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$11.2M |
| 3 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
-$7.64M |
| 4 |
Millennium Management
New York
|
-$6.7M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$3.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
YIH
151
Y-Intercept (HK)
Hong Kong
| – | -$158K | -13,548 | Closed |
|
152
Pictet Asset Management
Carouge,
Switzerland
| – | -$122K | -10,478 | Closed |
|
|
AC
153
AXQ Capital
Jersey City,
New Jersey
| – | -$117K | -10,070 | Closed |
|
154
Simplex Trading
Chicago,
Illinois
| – | -$89.4K | -7,666 | Closed |
|
|
MFG
155
Mendota Financial Group
Madison,
Wisconsin
| – | -$53.4K | -4,590 | Closed |
|
|
RS
156
R Squared
Central,
Hong Kong
| – | -$29.3K | -2,520 | Closed |
|
|
VCM
157
Versant Capital Management
Phoenix,
Arizona
| – | -$4.07K | -350 | Closed |
|
|
CPG
158
Cornerstone Planning Group
Fairfield,
New Jersey
| – | -$2.5K | -208 | Closed |
|
159
Osaic Holdings
Scottsdale,
Arizona
| – | -$1.42K | -122 | Closed |
|
|
PWA
160
Physician Wealth Advisors
Midvale,
Utah
| – | -$896 | -77 | Closed |
|
|
C
161
Covestor
London,
United Kingdom
| – | -$280 | -24 | -43% |
|
PAX Hedge Fund Activity: Q1 2025 in Review
139 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Patria Investments (PAX) for Q1 2025, worth a combined $473M — down 13% from $544M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PAX positions and 22 closed out — a net gain of 6 holders — while 38 added to existing stakes and 52 trimmed.
The largest buyer was MHR Fund Management, opening a new position worth an estimated $2.33M. The largest seller was UBS Group, cutting an estimated $18.1M.
- 139 institutional investors held Patria Investments (PAX) as of Q1 2025, up from 133 in Q4 2024.
- Funds reported $473M of Patria Investments stock for Q1 2025, down 13% quarter-over-quarter.
- 28 funds opened new Patria Investments positions in Q1 2025 and 22 closed out, a net change of +6 holders.
- The largest Patria Investments buyer in Q1 2025 was MHR Fund Management, an estimated $2.33M added.
- The largest Patria Investments seller in Q1 2025 was UBS Group, an estimated $18.1M sold.
Based on aggregated 13F filings for Q1 2025.