Mattern Capital's Strategic Portfolio Expansion
Mattern Capital Management Boosts Stakes Across Tyler, Trane, Motorola, and UnitedHealth
Anonymous
Key Points
1
In Tyler Technologies, besides Mattern Capital Management LLC's increase, several other hedge funds boosted or initiated stakes in the first quarter, including Salomon & Ludwin LLC pushing to 62 shares (+61) worth about $27,000, DV Equities LLC starting a new position, Elyxium Wealth LLC and Bayban launching new positions, and Cornerstone Planning Group LLC increasing to 80 shares (roughly $34,000). This underscores broader institutional interest in TYL beyond Mattern's activity.
2
Tyler Technologies traded at an opening price of $314.15, with a market capitalization of about $13.25 billion, a price-earnings ratio around 43.39 and a price/earnings growth ratio of 2.05, and a beta of 0.82, providing context for the stock’s valuation environment during Mattern’s quarter increases. The stock’s 50-day moving average was $306.01 and the 200-day moving average was $347.67.
3
In Trane Technologies, Mattern Capital Management LLC bought 23,635 shares valued at about $9.85 million. Other notable moves included Archer Investment Corp increasing its stake to 123 shares ($51,000), and J. Safra Sarasin Holding AG boosting to 68,280 shares ($28.403 million), with institutions owning about 82.97% of the company’s stock.
4
Motorola Solutions saw Mattern acquire 24,556 shares valued at roughly $10.66 million, placing MSI as the 21st largest holding in Mattern’s portfolio (about 1.3% of total holdings). Other institutional activity highlighted Norges Bank’s new position in MSI in the prior fourth quarter, and sizable increases by Northwestern Mutual Wealth Management Co. (11,507.4%), Orbis Allan Gray Ltd, Stifel Financial Corp, and Ninety One UK Ltd, with overall institutional ownership around 84.17%.
5
UnitedHealth Group saw Mattern boost its stake by 48.4% to 38,785 shares, valued at about $10.50 million, making UNH Mattern’s 22nd largest holding. In related news, CEO Patrick Hugh Conway sold 800 shares on April 23 at an average price of $355.00, reducing his stake to 17,805 shares (valued around $6.32 million).
Mattern Capital Management LLC made a flurry of new and expanded bets on large U.S. stocks in the first quarter of 2025. The firm bought into Trane Technologies and Motorola Solutions for the first time, while sharply lifting its stakes in Tyler Technologies and UnitedHealth Group, according to Ticker Report and Watchlist News.
The moves add up to tens of millions of dollars in fresh exposure across four major companies. They point to a firm actively reshaping its portfolio across technology, industrials, and health care.
Mattern Nearly Doubles Its Tyler Technologies Position
Mattern grew its Tyler Technologies stake by 133.7% in Q1, adding 2,838 shares to reach 4,960 total. The holding is now worth about $1.7 million, according to Watchlist News. Tyler Technologies makes software for local and state governments.
The stock opened at $314.15, giving the company a market cap of roughly $13.25 billion. Its price-to-earnings ratio sits at 43.39, and its beta of 0.82 means it moves less than the broader market. Mattern was not alone — smaller funds like Salomon & Ludwin LLC and Cornerstone Planning Group LLC also added or started positions in TYL during the quarter.
Brand-New Stakes in Trane Technologies and Motorola Solutions
Mattern bought 23,635 shares of Trane Technologies in Q1 — a brand-new position worth about $9.85 million. Trane makes heating, cooling, and ventilation equipment. Institutions now own roughly 82.97% of the company's stock, per Ticker Report.
Motorola Solutions was an even bigger new bet. Mattern picked up 24,556 shares worth roughly $10.66 million, making MSI its 21st largest holding at about 1.3% of its total portfolio. Other large investors also moved in — Norges Bank opened a new position in MSI last quarter, and Northwestern Mutual Wealth Management Co. grew its stake by a staggering 11,507.4%. Overall institutional ownership in MSI stands at around 84.17%.
UnitedHealth Stake Jumps 48% as CEO Sells Shares
Mattern boosted its UnitedHealth Group position by 48.4% in Q1, bringing its total to 38,785 shares. That holding is worth about $10.50 million. UNH is now Mattern's 22nd largest position, according to Ticker Report.
Not everyone was buying. UnitedHealth CEO Patrick Hugh Conway sold 800 shares on April 23 at an average price of $355.00 per share. That reduced his personal stake to 17,805 shares, worth around $6.32 million.
Mattern's Q1 Strategy: Broad Buildup Across Multiple Sectors
Beyond these four stocks, Mattern also bought 52,412 shares of the iShares Treasury Floating Rate Bond ETF, worth $2.65 million, and grew its Intuit stake by 84.4%, adding 10,595 shares, per Watchlist News and Ticker Report. The firm clearly spread its buying across tech, industrials, health care, and fixed income.
The pattern shows a firm adding exposure during a volatile quarter for U.S. equities. Each of the four main stocks sits in a different sector, suggesting Mattern is diversifying rather than making a concentrated sector call.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
13
Articles
11
Reach
24
A
AnonymousAuthor