Vault-13

PATRICK INDS INC PATK 1.75 12.01.28

NOTE 1.750%12/0 · US DOMESTIC · CUSIP 703343AG8

46 institutional holders +2 vs Q1 2023
35,867,54735.9m shares reported held*
$254.1mreported value*
7 new 13 added 11 reduced 5 sold out net sold ≈ $14.9m (+7.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $7.08.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q4 22: 3Q1 23: 44Q2 23: 4646Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q4 20223
Q1 202344
Q2 202346

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q1 23: 43 bought or addedQ1 23: 0 cut or sold outQ1 23Q2 23: 20 bought or addedQ2 23: 16 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q1 2023430
Q2 20232016

Biggest buyers

Linden Advisors LP Added +9,500,000+9.5m
SSI INVESTMENT MANAGEMENT LLC Added +5,145,000+5.1m
III Capital Management New +3,500,000+3.5m
JANE STREET GROUP, LLC Added +2,600,000+2.6m
ABSOLUTE INVESTMENT ADVISERS, LLC Added +2,445,000+2.4m
TRUIST FINANCIAL CORP New +2,000,000+2.0m
GOLDMAN SACHS GROUP INC Added +1,380,000+1.4m
WELLINGTON MANAGEMENT GROUP LLP Added +700,000+700.0k
Worth Venture Partners, LLC Added +674,000+674.0k
Jefferies Financial Group Inc. Added +411,000+411.0k

Biggest sellers

FMR LLC Reduced -13,140,000-13.1m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -8,308,000-8.3m
AMERIPRISE FINANCIAL INC Sold out -7,850,000-7.8m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -4,877,000-4.9m
Wellesley Asset Management Reduced -4,171,125-4.2m
DLD Asset Management, LP Reduced -1,880,000-1.9m
WELLS FARGO & COMPANY/MN Reduced -1,311,000-1.3m
JPMORGAN CHASE & CO Sold out -1,288,000-1.3m
BOOTHBAY FUND MANAGEMENT, LLC Reduced -994,000-994.0k
Zurcher Kantonalbank (Zurich Cantonalbank) Sold out -500,000-500.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MacKay Shields LLC 1.21% of their portfolio New York, NY 44,344,00044.3m $43.2m $43.2m 1.21% Reduced -318.0k -318,000
2 Linden Advisors LP 0.34% of their portfolio New York, NY 33,100,00033.1m $32.3m $32.3m 0.34% Added +9.5m +9,500,000
3 DLD Asset Management, LP 2.48% of their portfolio NEW YORK, NY 18,670,00018.7m $18.4m $18.4m 2.48% Reduced -1.9m -1,880,000
4 Wellesley Asset Management 1.23% of their portfolio PORTSMOUTH, NH 15,355,66115.4m $15.1m $15.1m 1.23% Reduced -4.2m -4,171,125
5 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 12,780,00012.8m $12.4m $12.4m 0.00% Added +1.4m +1,380,000
6 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 12,722,00012.7m $12.4m $12.4m 0.01% Added +222.0k +222,000
7 OSTERWEIS CAPITAL MANAGEMENT INC 0.73% of their portfolio SAN FRANCISCO, CA 11,250,00011.2m $11.0m $11.0m 0.73% Unchanged
8 ABSOLUTE INVESTMENT ADVISERS, LLC 1.50% of their portfolio ROSEMARY BEACH, FL 10,845,00010.8m $10.6m $10.6m 1.50% Added +2.4m +2,445,000
9 SHENKMAN CAPITAL MANAGEMENT INC 0.64% of their portfolio NEW YORK, NY 8,464,0008.5m $8.3m $8.3m 0.64% Reduced -8.3m -8,308,000
10 Kohlberg Kravis Roberts & Co. L.P. 0.22% of their portfolio NEW YORK, NY 7,199,0007.2m $7.0m $7.0m 0.22% Unchanged
11 SSI INVESTMENT MANAGEMENT LLC 0.49% of their portfolio Los Angeles, CA 7,145,0007.1m $6.9m $6.9m 0.49% Added +5.1m +5,145,000
12 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 6,895,0006.9m $6.7m $6.7m 0.02% Reduced -270.0k -270,000
13 BOOTHBAY FUND MANAGEMENT, LLC 0.21% of their portfolio NEW YORK, NY 6,836,0006.8m $6.7m $6.7m 0.21% Reduced -994.0k -994,000
14 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 6,193,0006.2m $6.0m $6.0m 0.01% Added +402.0k +402,000
15 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 6,146,0006.1m $6.1m $6.1m 0.01% Added +2.6m +2,600,000
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,523,0005.5m $5.4m $5.4m 0.00% Reduced -1.3m -1,311,000
17 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.67% of their portfolio Miamisburg, OH 5,000,0005.0m $4.9m $4.9m 0.67% Unchanged
18 FMR LLC 0.00% of their portfolio BOSTON, MA 4,860,0004.9m $4.7m $4.7m 0.00% Reduced -13.1m -13,140,000
19 BlueCrest Capital Management Ltd 0.45% of their portfolio ST HELIER, Y9 3,500,0003.5m $3.4m $3.4m 0.45% Unchanged
20 III Capital Management 0.27% of their portfolio BOCA RATON, FL 3,500,0003.5m $3.4m $3.4m 0.27% New
21 Polar Capital Holdings Plc 0.02% of their portfolio London, X0 3,000,0003.0m $2.9m $2.9m 0.02% Unchanged
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,700,0002.7m $2.6m $2.6m 0.00% Unchanged
23 Worth Venture Partners, LLC 1.33% of their portfolio FORT LEE, NJ 2,478,0002.5m $2.4m $2.4m 1.33% Added +674.0k +674,000
24 Jefferies Financial Group Inc. 0.04% of their portfolio NEW YORK, NY 2,052,0002.1m $2.0m $2.0m 0.04% Added +411.0k +411,000
25 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,001,0002.0m $1.9m $1.9m 0.00% Added +700.0k +700,000
26 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 2,000,0002.0m $1.9m $1.9m 0.00% New
27 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,850,0001.9m $1.8m $1.8m 0.00% Reduced -100.0k -100,000
28 AQR Arbitrage LLC 0.07% of their portfolio Greenwich, CT 1,750,0001.8m $1.7m $1.7m 0.07% Unchanged
29 BlackRock Inc. 0.00% of their portfolio New York, NY 1,425,0001.4m $1.4m $1.4m 0.00% Reduced -100.0k -100,000
30 KORNITZER CAPITAL MANAGEMENT INC /KS 0.02% of their portfolio SHAWNEE MISSION, KS 1,250,0001.2m $1.2m $1.2m 0.02% Unchanged
31 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $981.2k $981.2k 0.00% Unchanged
32 CAAS CAPITAL MANAGEMENT LP 0.47% of their portfolio NEW YORK, NY 1,000,0001.0m $981.2k $981.2k 0.47% Unchanged
33 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 291,000291.0k $282.6k $282.6k 0.00% Unchanged
34 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 280,000280.0k $272.0k $272.0k 0.00% New
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 218,000218.0k $212.0k $212.0k 0.00% New
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $194.4k $194.4k 0.00% Unchanged
37 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 182,000182.0k $176.7k $176.7k 0.00% Added +32.0k +32,000
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 157,000157.0k $152.4k $152.4k 0.00% New
39 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 101,000101.0k $98.1k $98.1k 0.00% New
40 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 92,00092.0k $89.8k $89.8k 0.00% Unchanged
41 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 56,00056.0k $54.0k $54.0k 0.00% Added +25.0k +25,000
42 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 54,00054.0k $52.4k $52.4k 0.00% Unchanged
43 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 40,00040.0k $39.2k $39.2k 0.01% Reduced -6.0k -6,000
44 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 19,00019.0k $18.4k $18.4k 0.01% Unchanged
45 Boussard & Gavaudan Investment Management LLP 0.52% of their portfolio London, X0 5,5475.5k $5.4m $5.4m 0.52% Added +1.0k +1,047
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% New