What to Know About This Fund’s $14 Million Patrick Industries Exit After a Tough Quarter

14 hours ago 2

Jonathan Ponciano, The Motley Fool

Sat, May 16, 2026 astatine 11:45 AM CDT 4 min read

Anchor Capital Management afloat exited its presumption successful Patrick Industries (NASDAQ:PATK) during the archetypal quarter, selling 116,967 shares successful a commercialized estimated astatine $14.46 cardinal based connected quarterly mean pricing, according to a May 15, 2026, SEC filing.

What happened

According to an SEC filing dated May 15, 2026, Anchor Capital sold each 116,967 shares of Patrick Industries successful the archetypal quarter. The estimated transaction worth was $14.46 million, based connected the mean closing terms for the period. The money reported holding zero shares astatine quarter’s end, with the presumption worth dropping by $12.68 million, reflecting some trading enactment and marketplace movements.

What other to cognize

The presumption was afloat liquidated, reducing Patrick Industries from 11.3% of the fund’s assets successful the anterior 4th to zero arsenic of March 31, 2026.
Post-filing, apical holdings were:
- NASDAQ: HLMN: $21.10 cardinal (22.8% of AUM)
- NASDAQ: MGRC: $20.43 cardinal (22.0% of AUM)
- NASDAQ: LIND: $16.99 cardinal (18.3% of AUM)
- NYSE: SXI: $14.33 cardinal (15.5% of AUM)
- NASDAQ: VITL: $8.77 cardinal (9.5% of AUM)
As of May 14, 2026, PATK shares were priced astatine $94.14, up 10% implicit the past twelvemonth and underperforming the S&P 500 by astir 17 percent points.

Company Overview

Metric

Value

Revenue (TTM)	$3.94 billion
Net Income (TTM)	$136.30 million
Dividend Yield	2%
Price (as of marketplace adjacent 2026-05-14)	$94.14

Company Snapshot

Patrick Industries manufactures and distributes components, gathering products, and materials for the recreational vehicle, marine, manufactured housing, and concern markets.
The institution operates done manufacturing and organisation segments, generating gross from the merchantability of furniture, cabinetry, countertops, electronics, and related gathering materials.
It serves OEMs and manufacturers successful the RV, marine, manufactured housing, and concern sectors crossed the United States, China, and Canada.

Patrick Industries, Inc. is simply a starring supplier of gathering products and materials for the recreational vehicle, marine, and manufactured lodging industries, with a important beingness successful North America and prime planetary markets. The institution leverages a vertically integrated concern exemplary to present a wide portfolio of components and value-added solutions to OEM customers. Its scale, divers merchandise offerings, and established organisation web supply a competitory vantage successful serving cyclical extremity markets.

What this transaction means for investors

Patrick Industries has continued executing good operationally, but investors look divided connected however overmuch longer RV and lodging softness tin measurement connected results, particularly with user spending showing cracks successful discretionary categories. Shares person plunged astir 40% since February alone.

The company’s latest 4th showed some the strengths and pressures successful the story. First-quarter gross slipped somewhat to $997 million, portion operating borderline held dependable astatine 6.5%. Marine gross jumped 14%, and powersports gross surged 28%, helping offset weaker RV and lodging demand. Meanwhile, Patrick continued gaining wallet share, with RV contented per portion rising 8% and marine contented per portion climbing 17%. Management besides kept leaning into shareholder returns, buying backmost astir $15 cardinal of banal during the 4th and different $15 cardinal successful April.

For semipermanent investors, the cardinal question is whether Patrick’s diversification tin outweigh macro unit successful RVs and housing. The institution inactive generated astir $194 cardinal successful trailing 12-month escaped currency travel and maintained $734 cardinal successful liquidity, giving it flexibility if request weakens further.

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