Patterson-UTI
PTEN
225 hedge funds and large institutions have $508M invested in Patterson-UTI in 2020 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 63 increasing their positions, 86 reducing their positions, and 35 closing their positions.
2,389% more call options, than puts
Call options by funds: $3.21M | Put options by funds: $129K
3% less funds holding
Funds holding: 233 → 225 (-8)
11.22% less ownership
Funds ownership: 107.21% → 95.99% (-11%)
20% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 35
27% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 86
27% less capital invested
Capital invested by funds: $695M → $508M (-$187M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$28.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.58M |
| 3 |
KBG
Kahn Brothers Group
New York
|
+$3.5M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$3.5M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$15.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$13.8M |
| 3 |
Renaissance Technologies
New York
|
-$10.9M |
| 4 |
Millennium Management
New York
|
-$10.7M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$9.22M |
PTEN Hedge Fund Activity: Q3 2020 in Review
225 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2020, worth a combined $508M — down 27% from $695M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of PTEN and 28 opened new positions — a net loss of 7 holders — while 86 trimmed existing stakes and 63 added.
The largest buyer was BlackRock, adding an estimated $28.3M. The largest seller was First Trust Advisors, cutting an estimated $15.9M.
- 225 institutional investors held Patterson-UTI (PTEN) as of Q3 2020, down from 233 in Q2 2020.
- Funds reported $508M of Patterson-UTI stock for Q3 2020, down 27% quarter-over-quarter.
- 28 funds opened new Patterson-UTI positions in Q3 2020 and 35 closed out, a net change of -7 holders.
- The largest Patterson-UTI buyer in Q3 2020 was BlackRock, an estimated $28.3M added.
- The largest Patterson-UTI seller in Q3 2020 was First Trust Advisors, an estimated $15.9M sold.
Based on aggregated 13F filings for Q3 2020.