Vault-13

PATRICK INDS INC PATK 1.75 12.01.28

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

35 institutional holders +0 vs Q1 2025
11,459,00011.5m shares reported held*
$381.9mreported value*
5 new 8 added 11 reduced 5 sold out net sold ≈ $3.6m (-16.0k 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 ≈ $33.33.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q4 22: 3Q1 23: 44Q2 23: 46Q3 23: 47Q4 23: 46Q1 24: 45Q2 24: 41Q3 24: 42Q4 24: 39Q1 25: 35Q2 25: 3535Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 20223
Q1 202344
Q2 202346
Q3 202347
Q4 202346
Q1 202445
Q2 202441
Q3 202442
Q4 202439
Q1 202535
Q2 202535

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 17 bought or addedQ3 23: 19 cut or sold outQ4 23: 18 bought or addedQ4 23: 19 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 19 cut or sold outQ2 24: 11 bought or addedQ2 24: 21 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 17 cut or sold outQ4 24: 16 bought or addedQ4 24: 19 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 20 cut or sold outQ2 25: 13 bought or addedQ2 25: 16 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231719
Q4 20231819
Q1 20242119
Q2 20241121
Q3 20241517
Q4 20241619
Q1 20251020
Q2 20251316

Biggest buyers

MILLENNIUM MANAGEMENT LLC New +12,165,000+12.2m
Sculptor Capital LP Added +8,990,000+9.0m
BANK OF AMERICA CORP /DE/ Added +4,841,000+4.8m
Jefferies Financial Group Inc. New +1,730,000+1.7m
SILVERBACK ASSET MANAGEMENT LLC New +1,400,000+1.4m
Thrivent Financial for Lutherans Added +1,030,000+1.0m
AQR Arbitrage LLC Added +600,000+600.0k
Kohlberg Kravis Roberts & Co. L.P. Added +410,000+410.0k
JANE STREET GROUP, LLC Added +400,000+400.0k
JPMORGAN CHASE & CO New +202,000+202.0k

Biggest sellers

D. E. Shaw & Co., Inc. Reduced -16,250,000-16.2m
ARISTEIA CAPITAL, L.L.C. Sold out -6,000,000-6.0m
CITADEL ADVISORS LLC Reduced -5,005,000-5.0m
FMR LLC Reduced -3,147,000-3.1m
DLD Asset Management, LP Reduced -2,500,000-2.5m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -950,000-950.0k
MacKay Shields LLC Reduced -207,000-207.0k
BlackRock, Inc. Reduced -150,000-150.0k
BARCLAYS PLC Reduced -103,000-103.0k
Calamos Advisors LLC Reduced -50,000-50.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 50,424,00050.4m $75.1m $75.1m 0.07% Reduced -5.0m -5,005,000
2 AQR Arbitrage LLC 1.54% of their portfolio Greenwich, CT 44,387,00044.4m $65.8m $65.8m 1.54% Added +600.0k +600,000
3 MacKay Shields LLC 1.40% of their portfolio New York, NY 29,354,00029.4m $43.6m $43.6m 1.40% Reduced -207.0k -207,000
4 Sculptor Capital LP 0.52% of their portfolio New York, NY 21,697,00021.7m $32.3m $32.3m 0.52% Added +9.0m +8,990,000
5 Davidson Kempner Capital Management LP 0.45% of their portfolio New York, NY 20,000,00020.0m $29.6m $29.6m 0.45% Unchanged
6 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 17,806,00017.8m $26.5m $26.5m 0.03% Reduced -16.2m -16,250,000
7 DLD Asset Management, LP 2.65% of their portfolio NEW YORK, NY 15,000,00015.0m $22.4m $22.4m 2.65% Reduced -2.5m -2,500,000
8 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 12,165,00012.2m $18.1m $18.1m 0.02% New
9 ABSOLUTE INVESTMENT ADVISERS, LLC 2.02% of their portfolio ROSEMARY BEACH, FL 10,949,00010.9m $16.3m $16.3m 2.02% Unchanged
10 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 6,235,0006.2m $9.2m $9.2m 0.02% Added +1.0m +1,030,000
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,850,0004.8m $7.2m $7.2m 0.00% Added +4.8m +4,841,000
12 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 4,648,0004.6m $6.9m $6.9m 0.00% Added +196.0k +196,000
13 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.75% of their portfolio Miamisburg, OH 4,000,0004.0m $5.9m $5.9m 0.75% Unchanged
14 FMR LLC 0.00% of their portfolio BOSTON, MA 3,710,0003.7m $5.5m $5.5m 0.00% Reduced -3.1m -3,147,000
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,550,0002.5m $3.8m $3.8m 0.00% Reduced -150.0k -150,000
16 Jefferies Financial Group Inc. 0.04% of their portfolio NEW YORK, NY 1,730,0001.7m $2.6m $2.6m 0.04% New
17 Covalent Partners LLC 15.68% of their portfolio CONCORD, MA 1,500,0001.5m $2.2m $2.2m 15.68% Unchanged
18 SILVERBACK ASSET MANAGEMENT LLC 0.32% of their portfolio DURHAM, NC 1,400,0001.4m $2.1m $2.1m 0.32% New
19 KORNITZER CAPITAL MANAGEMENT INC /KS 0.04% of their portfolio SHAWNEE MISSION, KS 1,250,0001.2m $1.9m $1.9m 0.04% Unchanged
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,188,0001.2m $1.8m $1.8m 0.00% Reduced -23.0k -23,000
21 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 649,000649.0k $964.7k $964.7k 0.02% Added +410.0k +410,000
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 645,000645.0k $959.8k $959.8k 0.00% Added +400.0k +400,000
23 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 205,000205.0k $303.8k $303.8k 0.00% Unchanged
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 202,000202.0k $299.9k $299.9k 0.00% New
25 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 129,000129.0k $191.2k $191.2k 0.00% Reduced -5.0k -5,000
26 COMERICA BANK 0.00% of their portfolio DALLAS, TX 68,00068.0k $100.8k $100.8k 0.00% Unchanged
27 Private Wealth Asset Management, LLC 0.01% of their portfolio OMAHA, NE 68,00068.0k $100.8k $100.8k 0.01% Unchanged
28 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 40,00040.0k $59.3k $59.3k 0.00% Added +2.0k +2,000
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 36,00036.0k $53.4k $53.4k 0.00% Reduced -103.0k -103,000
30 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 30,00030.0k $44.6k $44.6k 0.00% Reduced -50.0k -50,000
31 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 20,00020.0k $29.6k $29.6k 0.01% Reduced -4.0k -4,000
32 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 13,00013.0k $19.3k $19.3k 0.00% Unchanged
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,0008.0k $11.9k $11.9k 0.00% Unchanged
34 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0001.0k $1.5k $1.5k 0.00% New
35 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged