Royce & Associates LP Cuts Stake in Patrick Industries, Inc.

Institutional investor reduces holding in construction company by nearly 69%

Mar. 6, 2026 at 10:40am

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Royce & Associates LP, an institutional investor, has reduced its stake in Patrick Industries, Inc. (NASDAQ:PATK) by 68.9% in the third quarter, according to a recent SEC filing. The firm now owns 29,096 shares of the construction company's stock, down from 93,576 shares previously.

Why it matters

This filing provides insight into the investment decisions of Royce & Associates LP, a prominent institutional investor. The reduction in their Patrick Industries holding could signal a shift in their outlook on the construction company or broader market conditions.

The details

According to the 13F filing, Royce & Associates LP sold 64,480 shares of Patrick Industries during the third quarter. The firm now owns approximately 0.09% of the company's outstanding shares, down from 0.29% previously. Patrick Industries is a leading manufacturer and distributor of components for the recreational vehicle, manufactured housing, marine, and industrial markets.

  • Royce & Associates LP filed the 13F report for the third quarter of 2026.

The players

Royce & Associates LP

An institutional investment firm that manages equity and fixed income strategies for clients.

Patrick Industries, Inc.

A leading manufacturer and distributor of components for the recreational vehicle, manufactured housing, marine, and industrial markets.

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The takeaway

The reduction in Royce & Associates LP's stake in Patrick Industries could signal a shift in their investment strategy or outlook on the construction industry. Investors will likely monitor any further changes in institutional ownership of Patrick Industries stock.