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Patterson-UTI

368 hedge funds and large institutions have $4.65B invested in Patterson-UTI in 2024 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 125 increasing their positions, 130 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 68 (+2)

29% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 56

7% more capital invested

Capital invested by funds: $4.34B → $4.65B (+$311M)

3% more funds holding

Funds holding: 359368 (+9)

0.71% less ownership

Funds ownership: 96.19%95.48% (-0.71%)

4% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 130

93% less call options, than puts

Call options by funds: $16.3M | Put options by funds: $236M

Holders
368
Holders Change
+9
Holders Change %
+2.51%
% of All Funds
5.3%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
72
Increased
125
Reduced
130
Closed
56
Calls
$16.3M
Puts
$236M
Net Calls
-$220M
Net Calls Change
-$66.4M
Name Holding Trade Value Shares
Change
Change in
Stake
B
251
Bailard
California
$210K -$149K -13,398 -43%
CAM
252
Cresset Asset Management
Illinois
$205K -$25.6K -2,305 -12%
Capstone Investment Advisors
253
Capstone Investment Advisors
New York
$200K +$186K +16,719 New
CAPTRUST Financial Advisors
254
CAPTRUST Financial Advisors
North Carolina
$199K -$118K -10,579 -39%
HighTower Advisors
255
HighTower Advisors
Illinois
$198K -$23.1K -2,084 -11%
Wealth Enhancement Advisory Services
256
Wealth Enhancement Advisory Services
Minnesota
$196K -$12.2K -1,099 -6%
VEA
257
Virtus ETF Advisers
New York
$194K +$180K +16,236 New
VA
258
Vident Advisory
Georgia
$189K +$176K +15,826 New
JSW
259
Journey Strategic Wealth
New Jersey
$171K +$18.4K +1,657 +13%
SCM
260
Shelton Capital Management
Colorado
$171K
COI
261
Connable Office Inc
Michigan
$170K +$25.7K +2,313 +19%
EMAM
262
Encompass More Asset Management
California
$167K -$12K -1,078 -7%
KJHP
263
K.J. Harrison & Partners
Ontario, Canada
$162K
SFG
264
Sunburst Financial Group
Alabama
$157K
IRC
265
Investors Research Corp
Georgia
$156K -$6.39K -575 -4%
FTDI
266
First Trust Direct Indexing
Massachusetts
$155K -$6.25K -563 -4%
PI
267
PEAK6 Investments
Illinois
$155K +$144K +12,950 New
AI
268
Atom Investors
Texas
$150K +$139K +12,556 New
GCP
269
GSA Capital Partners
United Kingdom
$148K -$161K -14,516 -54%
GT
270
Greenleaf Trust
Michigan
$141K +$131K +11,789 New
VT
271
Vise Technologies
New York
$137K +$127K +11,464 New
MWM
272
MorganRosel Wealth Management
Colorado
$133K
PMA
273
Prudent Man Advisors
Illinois
$133K -$6.84K -616 -5%
PWPS
274
Pinnacle Wealth Planning Services
Ohio
$132K +$123K +11,064 New
SRC
275
Sage Rhino Capital
California
$130K +$121K +10,899 New

PTEN Hedge Fund Activity: Q1 2024 in Review

368 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2024, worth a combined $4.65B — up 7.2% from $4.34B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new PTEN positions and 56 closed out — a net gain of 16 holders — while 125 added to existing stakes and 130 trimmed.

The largest buyer was Channing Capital Management, opening a new position worth an estimated $56.6M. The largest seller was Cerberus Capital Management, exiting entirely with an estimated $147M sold.

  • 368 institutional investors held Patterson-UTI (PTEN) as of Q1 2024, up from 359 in Q4 2023.
  • Funds reported $4.65B of Patterson-UTI stock for Q1 2024, up 7.2% quarter-over-quarter.
  • 72 funds opened new Patterson-UTI positions in Q1 2024 and 56 closed out, a net change of +16 holders.
  • The largest Patterson-UTI buyer in Q1 2024 was Channing Capital Management, an estimated $56.6M added.
  • The largest Patterson-UTI seller in Q1 2024 was Cerberus Capital Management, an estimated $147M sold.

Based on aggregated 13F filings for Q1 2024.