Patterson-UTI
PTEN
212 hedge funds and large institutions have $1.29B invested in Patterson-UTI in 2021 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 67 increasing their positions, 87 reducing their positions, and 34 closing their positions.
128% more call options, than puts
Call options by funds: $1.14M | Put options by funds: $501K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
32% more capital invested
Capital invested by funds: $977M → $1.29B (+$318M)
1.89% less ownership
Funds ownership: 98.76% → 96.87% (-1.9%)
9% less funds holding
Funds holding: 233 → 212 (-21)
23% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 87
50% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$27.5M |
| 2 |
BlackRock
New York
|
+$26.8M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$9.7M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$8.8M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$6.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$21.2M |
| 2 |
Renaissance Technologies
New York
|
-$18.4M |
| 3 |
Millennium Management
New York
|
-$13.2M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$12M |
| 5 |
D.E. Shaw & Co
New York
|
-$5.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
226
WealthTrust Axiom
Wayne,
Pennsylvania
| – | -$62K | -11,969 | Closed |
|
227
Acadian Asset Management
Boston,
Massachusetts
| – | -$62K | -11,815 | Closed |
|
|
SC
228
Scotia Capital
Toronto,
Ontario, Canada
| – | -$61K | -11,597 | Closed |
|
|
GT
229
Greenleaf Trust
Kalamazoo,
Michigan
| – | -$53K | -10,149 | Closed |
|
|
WC
230
Wexford Capital
West Palm Beach,
Florida
| – | -$40K | -7,549 | Closed |
|
|
CAAS
231
Capital Asset Advisory Services
Williamston,
Michigan
| – | -$16K | -3,116 | Closed |
|
|
CCA
232
Childress Capital Advisors
Houston,
Texas
| – | -$10K | -1,932 | Closed |
|
|
VCG
233
Vantage Consulting Group
Virginia Beach,
Virginia
| – | -$8K | -1,572 | Closed |
|
|
IA
234
Inspire Advisors
Meridian,
Idaho
| – | -$5K | -862 | Closed |
|
|
HGWM
235
Harvest Group Wealth Management
Waltham,
Massachusetts
| – | -$2K | -296 | Closed |
|
|
RPWA
236
Regent Peak Wealth Advisors
Atlanta,
Georgia
| – | -$1K | -116 | Closed |
|
|
HI
237
Harbour Investments
Madison,
Wisconsin
| – | +$388 | +55 | New |
|
PTEN Hedge Fund Activity: Q1 2021 in Review
212 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2021, worth a combined $1.29B — up 32% from $977M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of PTEN and 17 opened new positions — a net loss of 17 holders — while 87 trimmed existing stakes and 67 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $27.5M. The largest seller was Ameriprise, cutting an estimated $21.2M.
- 212 institutional investors held Patterson-UTI (PTEN) as of Q1 2021, down from 233 in Q4 2020.
- Funds reported $1.29B of Patterson-UTI stock for Q1 2021, up 32% quarter-over-quarter.
- 17 funds opened new Patterson-UTI positions in Q1 2021 and 34 closed out, a net change of -17 holders.
- The largest Patterson-UTI buyer in Q1 2021 was DePrince Race & Zollo Inc (DRZ), an estimated $27.5M added.
- The largest Patterson-UTI seller in Q1 2021 was Ameriprise, an estimated $21.2M sold.
Based on aggregated 13F filings for Q1 2021.