Vault-13

PATRICK INDS INC PATK 1.75 12.01.28

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

30 institutional holders +0 vs Q1 2026
11,481,00011.5m shares reported held*
$385.3mreported value*
4 new 7 added 8 reduced 5 sold out net sold ≈ $18.3m (+141.0k 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 ≈ $33.56.

Trends to Q2 2026

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: 35Q3 25: 31Q4 25: 32Q1 26: 30Q2 26: 3030Q4 22Q4 23Q4 24Q4 25Q2 26
Numbers
QuarterHolders
Q4 20223
Q1 202344
Q2 202346
Q3 202347
Q4 202346
Q1 202445
Q2 202441
Q3 202442
Q4 202439
Q1 202535
Q2 202535
Q3 202531
Q4 202532
Q1 202630
Q2 202630

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 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 25Q3 25: 13 bought or addedQ3 25: 15 cut or sold outQ4 25: 10 bought or addedQ4 25: 16 cut or sold outQ4 25Q1 26: 12 bought or addedQ1 26: 10 cut or sold outQ2 26: 11 bought or addedQ2 26: 13 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241517
Q4 20241619
Q1 20251020
Q2 20251316
Q3 20251315
Q4 20251016
Q1 20261210
Q2 20261113

Biggest buyers

DLD Asset Management, LP Added +15,000,000+15.0m
Balyasny Asset Management L.P. New +10,000,000+10.0m
TENOR CAPITAL MANAGEMENT Co., L.P. New +7,248,000+7.2m
MILLENNIUM MANAGEMENT LLC Added +3,000,000+3.0m
BlackRock, Inc. Added +875,000+875.0k
TRUIST FINANCIAL CORP New +265,000+265.0k
WELLS FARGO & COMPANY/MN Added +78,000+78.0k
BARCLAYS PLC Added +50,000+50.0k
Calamos Advisors LLC Added +16,000+16.0k
SG Americas Securities, LLC New +15,990+16.0k

Biggest sellers

CITADEL ADVISORS LLC Reduced -42,279,000-42.3m
LORD, ABBETT & CO. LLC Sold out -3,020,000-3.0m
LAZARD ASSET MANAGEMENT LLC Reduced -2,884,000-2.9m
Sculptor Capital LP Reduced -2,000,000-2.0m
Ares Systematic Credit Ltd Sold out -500,000-500.0k
Thrivent Financial for Lutherans Reduced -420,000-420.0k
JPMORGAN CHASE & CO Reduced -258,000-258.0k
BANK OF AMERICA CORP /DE/ Sold out -206,000-206.0k
Bank of New York Mellon Corp Sold out -123,000-123.0k
FMR LLC Reduced -20,000-20.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sculptor Capital LP 0.88% of their portfolio New York, NY 57,500,00057.5m $85.2m $85.2m 0.88% Reduced -2.0m -2,000,000
2 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 36,915,00036.9m $54.9m $54.9m 0.04% Added +3.0m +3,000,000
3 Alberta Investment Management Corp 0.21% of their portfolio EDMONTON, A0 25,000,00025.0m $37.0m $37.0m 0.21% Unchanged
4 Weiss Asset Management LP 0.35% of their portfolio BOSTON, MA 21,216,00021.2m $31.4m $31.4m 0.35% Not comparable
5 DLD Asset Management, LP 2.47% of their portfolio NEW YORK, NY 20,500,00020.5m $30.4m $30.4m 2.47% Added +15.0m +15,000,000
6 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 20,000,00020.0m $29.6m $29.6m 0.02% Reduced -42.3m -42,279,000
7 MacKay Shields LLC 0.95% of their portfolio New York, NY 19,118,00019.1m $28.3m $28.3m 0.95% Reduced -18.0k -18,000
8 ABSOLUTE INVESTMENT ADVISERS, LLC 1.57% of their portfolio ROSEMARY BEACH, FL 10,949,00010.9m $16.2m $16.2m 1.57% Unchanged
9 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 10,000,00010.0m $14.8m $14.8m 0.03% New
10 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 9,002,0009.0m $13.3m $13.3m 0.02% Reduced -420.0k -420,000
11 TENOR CAPITAL MANAGEMENT Co., L.P. 0.15% of their portfolio NEW YORK, NY 7,248,0007.2m $10.8m $10.8m 0.15% New
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,875,0004.9m $7.2m $7.2m 0.00% Added +875.0k +875,000
13 Nykredit A/S 0.02% of their portfolio NORDHAVN, G7 4,100,0004.1m $6.1m $6.1m 0.02% First filing
14 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 3,373,0003.4m $5.0m $5.0m 0.00% Unchanged
15 FMR LLC 0.00% of their portfolio BOSTON, MA 3,281,0003.3m $4.8m $4.8m 0.00% Reduced -20.0k -20,000
16 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.35% of their portfolio Miamisburg, OH 2,000,0002.0m $3.0m $3.0m 0.35% Unchanged
17 KORNITZER CAPITAL MANAGEMENT INC /KS 0.04% of their portfolio SHAWNEE MISSION, KS 1,250,0001.2m $1.8m $1.8m 0.04% Unchanged
18 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 823,000823.0k $12.2k $12.2k 0.00% Reduced -2.9m -2,884,000
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 626,000626.0k $947.7k $947.7k 0.00% Added +78.0k +78,000
20 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 539,000539.0k $799.0k $799.0k 0.01% Unchanged
21 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 265,000265.0k $391.0k $391.0k 0.00% New
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 236,000236.0k $346.9k $346.9k 0.00% Added +50.0k +50,000
23 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 183,000183.0k $270.4k $270.4k 0.00% Unchanged
24 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 64,00064.0k $94.6k $94.6k 0.00% Reduced -1.0k -1,000
25 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 54,00054.0k $80.0k $80.0k 0.00% Added +16.0k +16,000
26 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 20,00020.0k $29.5k $29.5k 0.00% Unchanged
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 19,00019.0k $28.1k $28.1k 0.00% Added +1.0k +1,000
28 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 15,99016.0k $2.4m $2.4m 0.00% New
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,0008.0k $11.8k $11.8k 0.00% Unchanged
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,0003.0k $4.5k $4.5k 0.00% Reduced -258.0k -258,000