Patton Fund Management Slashes Stakes in Citizens Financial and eBay by Over 93%

Key Facts

1Patton Fund Management reduced its stake in Citizens Financial Group by 93.6% during the fourth quarter.

2Patton Fund Management slashed its eBay holdings by 93.3%, selling 38,420 shares.

3Insider Susan Lamonica sold 13,258 shares of Citizens Financial Group.

Patton Fund Management Inc. executed a significant liquidation of its positions in Citizens Financial Group (CFG) and eBay Inc. (EBAY) during the fourth quarter. The fund reduced its stake in Citizens Financial by 93.6%, a move that coincided with insider Susan Lamonica selling 13,258 shares of the group. Similarly, Patton slashed its eBay holdings by 93.3% after offloading 38,420 shares. These divestments appear to be part of a strategic portfolio rebalancing, despite eBay reporting robust quarterly earnings and CFG maintaining favorable analyst ratings. While the absolute dollar value of the remaining positions is relatively small, the combination of institutional exits and insider selling may weigh on short-term market sentiment for both equities.