Patriot National, Inc.
PN
PN was delisted on the 22nd of November, 2017.
50 hedge funds and large institutions have $11.8M invested in Patriot National, Inc. in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 22 reducing their positions, and 14 closing their positions.
22% less funds holding
Funds holding: 64 → 50 (-14)
45% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 22
53% less capital invested
Capital invested by funds: $25M → $11.8M (-$13.2M)
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
79% less call options, than puts
Call options by funds: $31K | Put options by funds: $147K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.18M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$683K |
| 3 |
JSL
JT Stratford LLC
Gainesville,
Georgia
|
+$284K |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$132K |
| 5 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$124K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.43M |
| 2 |
SIM
Spark Investment Management
New York
|
-$752K |
| 3 |
FM
Fondren Management
Houston,
Texas
|
-$744K |
| 4 |
Renaissance Technologies
New York
|
-$522K |
| 5 |
Millennium Management
New York
|
-$336K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SIM
51
Spark Investment Management
New York
| – | -$752K | -161,800 | Closed |
|
|
FM
52
Fondren Management
Houston,
Texas
| – | -$744K | -160,000 | Closed |
|
|
53
Renaissance Technologies
New York
| – | -$522K | -112,200 | Closed |
|
54
Marshall Wace
London,
United Kingdom
| – | -$156K | -33,551 | Closed |
|
55
SG Americas Securities
New York
| – | -$85K | -18,185 | Closed |
|
|
ICA
56
Infrastructure Capital Advisors
New York
| – | -$64K | -13,778 | Closed |
|
|
IAM
57
Integre Asset Management
New York
| – | -$57K | -12,227 | Closed |
|
58
First Trust Advisors
Wheaton,
Illinois
| – | -$50K | -10,841 | Closed |
|
59
AllianceBernstein
Nashville,
Tennessee
| – | -$47K | -10,100 | Closed |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | -$3K | -676 | Closed |
|
61
Creative Planning
Overland Park,
Kansas
| – | -$2K | -500 | Closed |
|
62
BNP Paribas Financial Markets
Paris,
France
| – | -$2.14K | -460 | Closed |
|
|
MAM
63
Meeder Asset Management
Dublin,
Ohio
| – | -$4 | -1 | -3% |
|
PN Hedge Fund Activity: Q1 2017 in Review
50 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Patriot National, Inc. (PN) for Q1 2017, worth a combined $11.8M — down 53% from $25M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PN and 5 opened new positions — a net loss of 9 holders — while 22 trimmed existing stakes and 12 added.
The largest buyer was BlackRock, adding an estimated $2.18M. The largest seller was Wellington Management Group, exiting entirely with an estimated $2.43M sold.
- 50 institutional investors held Patriot National, Inc. (PN) as of Q1 2017, down from 64 in Q4 2016.
- Funds reported $11.8M of Patriot National, Inc. stock for Q1 2017, down 53% quarter-over-quarter.
- 5 funds opened new Patriot National, Inc. positions in Q1 2017 and 14 closed out, a net change of -9 holders.
- The largest Patriot National, Inc. buyer in Q1 2017 was BlackRock, an estimated $2.18M added.
- The largest Patriot National, Inc. seller in Q1 2017 was Wellington Management Group, an estimated $2.43M sold.
Based on aggregated 13F filings for Q1 2017.