New Institutional Portfolio Stakes
Patron Partners Discloses New Q2 Equity Stakes in Five Major Companies
Key Points
In MLM, Patron Partners LLC added 1,151 shares for about $664,000 in Q2. Among other institutions, Integrated Wealth Concepts LLC increased its stake by 6.6% to 794 shares (~$379,000), Empowered Funds LLC grew by 11.4% to 1,408 shares (~$673,000), Sivia Capital Partners LLC rose 11.1% to 510 shares (~$280,000), EverSource Wealth Advisors LLC jumped 205.9% to 260 shares (~$143,000), and Cresset Asset Management LLC increased 22.6% to 777 shares (~$427,000); overall institutional ownership stands at 95.04%.
For McKesson, Patron Partners bought 667 shares for about $504,000. The stock shows about 85.07% owned by hedge funds and other institutional investors. Analysts actions included William Blair initiating coverage with an Outperform rating; JPMorgan Chase cutting its target to $1,015 with an Overweight stance; Morgan Stanley reiterating an Overweight rating; Deutsche Bank reiterating a Buy with a $875 target; and Weiss Ratings downgrading from Buy (b) to Buy (b-). MarketBeat lists 14 Buy and 4 Hold opinions with a consensus target of $973.40.
In Coca Cola Femsa (KOF), Patron Partners acquired 5,938 shares for about $1,134,000. Several other notable new stakes include ABC Arbitrage SA increasing to 21,611 shares ($2,108,000); Summit Global Investments ($4,921,000); Everett Harris & Co. CA ($7,619,000); Stack Financial Management Inc ($26,079,000); and Danske Bank A/S ($280,671,000).
Autodesk, Inc. (ADSK) saw Patron Partners buy 3,649 shares for about $709,000. The period also featured notable institutional activity: CENTRAL TRUST Co increased to 759 shares (+6.2%), Smithfield Trust Co to 893 shares (+5.3%), Calydon Capital to 2,726 shares (+1.7%), Archer Investment Corp to 87 shares (+112.2%), and Sunbelt Securities Inc. to 1,029 shares (+5.3%); overall institutional ownership sits around 90.24%.
Cummins Inc. (CMI) saw Patron Partners acquire 3,034 shares for about $2,164,000, making it roughly 0.8% of Patron’s portfolio and ranking as its 28th-largest holding. Other new or expanded stakes include Valmark Advisers (877 shares, $472,000), Guardian Partners (1,584 shares, $852,000), Nicolet Advisory Services (1,101 shares, $619,000), Uhlmann Price Securities (717 shares, $386,000), and ICW Investment Advisors (723 shares, $369,000); institutional ownership across Cummins stands at about 83.46%. The stock opened at $587.87, with a 50-day moving average of $660.86 and a 200-day moving average of $628.31.
Patron Partners LLC expanded its stock holdings across five major companies in Q2, spending roughly $5 million on new stakes in industries ranging from construction to pharmaceuticals. The firm bought 1,151 shares of Martin Marietta Materials for $664,000, 667 shares of McKesson for $504,000, and 5,938 shares of Coca-Cola Femsa for $1.13 million, among other positions Watch List News. These moves signal confidence in large-cap companies even as other institutional investors adjusted their own portfolios in the same firms.
Martin Marietta Gets Patron Backing Amid Wave of New Stakes
Patron Partners purchased 1,151 shares of Martin Marietta Materials for roughly $664,000 during Q2 Watch List News. The construction materials firm attracted multiple institutional buyers at the same time. Integrated Wealth Concepts added 6.6% to its position, while Empowered Funds grew by 11.4% and EverSource Wealth Advisors jumped 205.9%. Overall institutional ownership now stands at 95.04%, showing heavy interest from money managers Watch List News.
McKesson Gains Ground With Analyst Backing and Mixed Ratings
Patron Partners bought 667 shares of McKesson for about $504,000, entering a stock already held by major institutions Ticker Report. William Blair initiated coverage with an Outperform rating, while JPMorgan Chase set a price target of $1,015. Institutional investors own about 85% of the company. Analysts issued 14 Buy ratings and 4 Hold ratings, with a consensus target of $973.40 Ticker Report.
Coca-Cola Femsa Attracts Multiple Large Institutional Players
Patron Partners acquired 5,938 shares of Coca-Cola Femsa for $1.13 million, but this investment pales next to moves by larger funds Watch List News. Stack Financial Management bought $26 million worth of stock, while Danske Bank A/S invested $280 million. Other new investors included ABC Arbitrage SA, Summit Global Investments, and Everett Harris & Co. The flurry of activity suggests institutional money sees value in the Mexican beverage company Watch List News.
Autodesk and Cummins Round Out Patron's Quarter of Deals
Patron Partners bought 3,649 shares of Autodesk for $709,000, joining other institutional investors boosting their stakes in the software company Watch List News. Institutional ownership stands at 90.24%. In Cummins, Patron purchased 3,034 shares for $2.16 million, making it roughly 0.8% of the firm's portfolio and its 28th-largest holding Watch List News. Several other investment firms added to Cummins positions as well. Cummins stock opened the period at $587.87 with a 200-day average of $628.31 Watch List News.
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