Patterson-UTI
PTEN
268 hedge funds and large institutions have $3.01B invested in Patterson-UTI in 2013 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 88 increasing their positions, 102 reducing their positions, and 49 closing their positions.
189% more call options, than puts
Call options by funds: $18.8M | Put options by funds: $6.52M
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
6% more capital invested
Capital invested by funds: $2.83B → $3.01B (+$180M)
7% less funds holding
Funds holding: 287 → 268 (-19)
14% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 102
31% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$111M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$43.1M |
| 3 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$35M |
| 4 |
Millennium Management
New York
|
+$21.3M |
| 5 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$126M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$67.3M |
| 3 |
THSP
Taube Hodson Stonex Partners
London,
United Kingdom
|
-$45.7M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$43.5M |
| 5 |
Morgan Stanley
New York
|
-$24.3M |
PTEN Hedge Fund Activity: Q3 2013 in Review
268 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2013, worth a combined $3.01B — up 6.4% from $2.83B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of PTEN and 34 opened new positions — a net loss of 15 holders — while 102 trimmed existing stakes and 88 added.
The largest buyer was Wellington Management Group, adding an estimated $111M. The largest seller was Systematic Financial Management, cutting an estimated $126M.
- 268 institutional investors held Patterson-UTI (PTEN) as of Q3 2013, down from 287 in Q2 2013.
- Funds reported $3.01B of Patterson-UTI stock for Q3 2013, up 6.4% quarter-over-quarter.
- 34 funds opened new Patterson-UTI positions in Q3 2013 and 49 closed out, a net change of -15 holders.
- The largest Patterson-UTI buyer in Q3 2013 was Wellington Management Group, an estimated $111M added.
- The largest Patterson-UTI seller in Q3 2013 was Systematic Financial Management, an estimated $126M sold.
Based on aggregated 13F filings for Q3 2013.