Allspring Global Investments Reduces Stake in Patrick Industries

Asset management firm cuts position in construction company by over 21%

Apr. 7, 2026 at 7:13am

Got story updates? Submit your updates here. ›

An extreme close-up of industrial gears, pulleys, and other heavy machinery components, conveying the tangible financial power and security of the construction industry.A major asset management firm's reduction in its stake in a leading construction components manufacturer signals broader shifts in the investment landscape.Elkhart Today

Allspring Global Investments Holdings LLC has reduced its stake in Patrick Industries, Inc. (NASDAQ:PATK) by 21.2% in the fourth quarter, according to a recent SEC filing. The asset management firm now owns approximately 58,587 shares of the construction company's stock, valued at around $6.47 million.

Why it matters

This transaction provides insight into the investment strategy and portfolio adjustments of Allspring Global Investments, a major institutional investor. Changes in ownership stakes by large funds can signal broader market trends or shifts in sentiment around a particular stock or sector.

The details

According to the filing, Allspring Global Investments sold 15,739 shares of Patrick Industries during the fourth quarter. The firm now owns roughly 0.18% of the company's outstanding shares. Patrick Industries is a leading manufacturer and distributor of components for the recreational vehicle, manufactured housing, marine, and industrial markets.

  • Allspring Global Investments reduced its stake in Patrick Industries during the fourth quarter of 2025.

The players

Allspring Global Investments Holdings LLC

An asset management firm that has reduced its position in Patrick Industries, Inc.

Patrick Industries, Inc.

A construction company that manufactures and distributes components for various industries.

Got photos? Submit your photos here. ›

The takeaway

This transaction highlights the ongoing portfolio adjustments and investment decisions made by major institutional investors like Allspring Global Investments. Changes in ownership stakes can provide insights into broader market trends and sentiment around specific companies or sectors.