Patrick Industries Sees Stake Decrease by Anchor Capital Management

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Anchor Capital Management Company LLC has decreased its holdings in shares of Patrick Industries, Inc. (NASDAQ:PATK) by 53.2% during the third quarter, according to a recent SEC filing. The firm now owns 116,967 shares of the construction company's stock, down from 250,132 shares previously. Patrick Industries makes up approximately 10.4% of Anchor Capital Management's portfolio, making it the firm's 7th largest holding.

Why it matters

This decrease in Anchor Capital Management's stake in Patrick Industries could signal a shift in the investment firm's outlook on the company. As a major institutional investor, Anchor Capital's moves can influence market sentiment and the stock price of Patrick Industries.

The details

According to the SEC filing, Anchor Capital Management sold 133,165 shares of Patrick Industries during the third quarter. The firm now owns 116,967 shares, or 0.35% of the company's outstanding stock, worth approximately $12.1 million as of the most recent quarter. Patrick Industries is a leading manufacturer and distributor of components for the recreational vehicle, manufactured housing, marine and industrial markets.

• Anchor Capital Management decreased its holdings in Patrick Industries during the third quarter of 2026.