Vault-13

PATRICK INDS INC PATK 1.75 12.01.28

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

41 institutional holders -4 vs Q1 2024
22,120,00022.1m shares reported held*
$316.3mreported value*
2 new 9 added 14 reduced 7 sold out net sold ≈ $21.3m (-1.1m 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 ≈ $14.30.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q4 22: 3Q1 23: 44Q2 23: 46Q3 23: 47Q4 23: 46Q1 24: 45Q2 24: 4141Q4 22Q2 23Q4 23Q2 24
Numbers
QuarterHolders
Q4 20223
Q1 202344
Q2 202346
Q3 202347
Q4 202346
Q1 202445
Q2 202441

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 23Q3 23: 17 bought or addedQ3 23: 19 cut or sold outQ3 23Q4 23: 18 bought or addedQ4 23: 19 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 19 cut or sold outQ1 24Q2 24: 11 bought or addedQ2 24: 21 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023430
Q2 20232016
Q3 20231719
Q4 20231819
Q1 20242119
Q2 20241121

Biggest buyers

CITADEL ADVISORS LLC Added +13,600,000+13.6m
FMR LLC New +4,240,000+4.2m
DLD Asset Management, LP Added +4,000,000+4.0m
JPMORGAN CHASE & CO Added +3,428,000+3.4m
D. E. Shaw & Co., Inc. New +3,000,000+3.0m
AQR Arbitrage LLC Added +2,937,000+2.9m
Thrivent Financial for Lutherans Added +1,410,000+1.4m
BANK OF AMERICA CORP /DE/ Added +679,000+679.0k
BOOTHBAY FUND MANAGEMENT, LLC Added +668,000+668.0k
BlackRock Inc. Added +400,000+400.0k

Biggest sellers

Linden Advisors LP Reduced -31,000,000-31.0m
READYSTATE ASSET MANAGEMENT LP Sold out -6,125,000-6.1m
OSTERWEIS CAPITAL MANAGEMENT INC Reduced -5,000,000-5.0m
WELLS FARGO & COMPANY/MN Reduced -2,252,000-2.3m
TRUIST FINANCIAL CORP Reduced -1,693,000-1.7m
Jefferies Financial Group Inc. Sold out -1,410,000-1.4m
Wellesley Asset Management Reduced -1,170,000-1.2m
BARCLAYS PLC Reduced -835,000-835.0k
JANE STREET GROUP, LLC Reduced -700,000-700.0k
BANK OF MONTREAL /CAN/ Sold out -500,000-500.0k

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MacKay Shields LLC 1.57% of their portfolio New York, NY 42,665,00042.7m $51.8m $51.8m 1.57% Reduced -401.0k -401,000
2 CAMDEN ASSET MANAGEMENT L P /CA 0.90% of their portfolio Los Angeles, CA 24,522,00024.5m $29.7m $29.7m 0.90% Unchanged
3 AQR Arbitrage LLC 0.72% of their portfolio Greenwich, CT 22,812,00022.8m $27.7m $27.7m 0.72% Added +2.9m +2,937,000
4 DLD Asset Management, LP 5.84% of their portfolio NEW YORK, NY 20,450,00020.4m $24.9m $24.9m 5.84% Added +4.0m +4,000,000
5 Davidson Kempner Capital Management LP 0.40% of their portfolio New York, NY 20,000,00020.0m $24.2m $24.2m 0.40% Not comparable
6 Polar Asset Management Partners Inc. 0.51% of their portfolio TORONTO, A6 16,500,00016.5m $20.0m $20.0m 0.51% Unchanged
7 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 14,600,00014.6m $17.7m $17.7m 0.02% Added +13.6m +13,600,000
8 ABSOLUTE INVESTMENT ADVISERS, LLC 1.97% of their portfolio ROSEMARY BEACH, FL 10,949,00010.9m $13.3m $13.3m 1.97% Unchanged
9 Wellesley Asset Management 1.08% of their portfolio PORTSMOUTH, NH 8,387,0008.4m $10.2m $10.2m 1.08% Reduced -1.2m -1,170,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,080,0007.1m $8.5m $8.5m 0.00% Added +3.4m +3,428,000
11 Kohlberg Kravis Roberts & Co. L.P. 0.25% of their portfolio NEW YORK, NY 6,841,0006.8m $8.3m $8.3m 0.25% Reduced -245.0k -245,000
12 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 6,810,0006.8m $8.2m $8.2m 0.02% Added +1.4m +1,410,000
13 OSTERWEIS CAPITAL MANAGEMENT INC 0.39% of their portfolio SAN FRANCISCO, CA 6,250,0006.2m $7.6m $7.6m 0.39% Reduced -5.0m -5,000,000
14 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 5,328,0005.3m $6.5m $6.5m 0.00% Reduced -37.0k -37,000
15 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.88% of their portfolio Miamisburg, OH 5,000,0005.0m $6.0m $6.0m 0.88% Unchanged
16 SSI INVESTMENT MANAGEMENT LLC 0.43% of their portfolio Los Angeles, CA 4,598,0004.6m $5.6m $5.6m 0.43% Reduced -90.0k -90,000
17 FMR LLC 0.00% of their portfolio BOSTON, MA 4,240,0004.2m $5.1m $5.1m 0.00% New
18 BOOTHBAY FUND MANAGEMENT, LLC 0.16% of their portfolio NEW YORK, NY 4,180,0004.2m $5.1m $5.1m 0.16% Added +668.0k +668,000
19 BlueCrest Capital Management Ltd 0.88% of their portfolio ST HELIER, Y9 4,139,0004.1m $5.0m $5.0m 0.88% Unchanged
20 Linden Advisors LP 0.04% of their portfolio New York, NY 3,723,0003.7m $4.5m $4.5m 0.04% Reduced -31.0m -31,000,000
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,434,0003.4m $4.1m $4.1m 0.00% Reduced -2.3m -2,252,000
22 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 3,000,0003.0m $3.6m $3.6m 0.01% New
23 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,971,0003.0m $3.6m $3.6m 0.00% Reduced -700.0k -700,000
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,810,0002.8m $3.4m $3.4m 0.00% Added +679.0k +679,000
25 SHENKMAN CAPITAL MANAGEMENT INC 0.27% of their portfolio NEW YORK, NY 2,541,0002.5m $3.1m $3.1m 0.27% Reduced -103.0k -103,000
26 BlackRock Inc. 0.00% of their portfolio New York, NY 2,375,0002.4m $2.9m $2.9m 0.00% Added +400.0k +400,000
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,300,0001.3m $1.6m $1.6m 0.00% Unchanged
28 KORNITZER CAPITAL MANAGEMENT INC /KS 0.03% of their portfolio SHAWNEE MISSION, KS 1,250,0001.2m $1.5m $1.5m 0.03% Unchanged
29 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 750,000750.0k $907.5k $907.5k 0.00% Reduced -1.7m -1,693,000
30 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 291,000291.0k $352.1k $352.1k 0.00% Unchanged
31 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 251,000251.0k $303.7k $303.7k 0.04% Unchanged
32 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 219,000219.0k $265.0k $265.0k 0.00% Added +86.0k +86,000
33 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 117,000117.0k $141.6k $141.6k 0.00% Reduced -2.0k -2,000
34 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 102,000102.0k $124.1k $124.1k 0.00% Reduced -835.0k -835,000
35 COMERICA BANK 0.00% of their portfolio DALLAS, TX 71,00071.0k $85.9k $85.9k 0.00% Unchanged
36 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 70,00070.0k $84.7k $84.7k 0.00% Reduced -31.0k -31,000
37 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 62,00062.0k $75.0k $75.0k 0.00% Unchanged
38 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 60,00060.0k $72.8k $72.8k 0.00% Unchanged
39 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 38,00038.0k $46.0k $46.0k 0.01% Unchanged
40 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 13,00013.0k $15.7k $15.7k 0.00% Unchanged
41 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged