Patterson-UTI
PTEN
310 hedge funds and large institutions have $4.26B invested in Patterson-UTI in 2017 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 142 increasing their positions, 81 reducing their positions, and 50 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 81
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
0% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 50
1% less funds holding
Funds holding: 313 → 310 (-3)
3% less capital invested
Capital invested by funds: $4.4B → $4.26B (-$137M)
9.26% less ownership
Funds ownership: 108.96% → 99.7% (-9.3%)
62% less call options, than puts
Call options by funds: $9.64M | Put options by funds: $25.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Assured Investment Management
New York
|
+$81M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$67.9M |
| 3 |
ACM
Axar Capital Management
New York
|
+$64.7M |
| 4 |
BCM
Brenham Capital Management
Dallas,
Texas
|
+$63.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$61.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$139M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$41.4M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$37.9M |
| 4 |
Goldman Sachs
New York
|
-$33M |
| 5 |
MCL
MIK Capital LLC
New York
|
-$22.2M |
PTEN Hedge Fund Activity: Q2 2017 in Review
310 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q2 2017, worth a combined $4.26B — down 3.1% from $4.4B a quarter earlier.
Fund positioning in PTEN was balanced in Q2 2017: 50 funds opened new positions, 50 closed out, 142 added to existing stakes and 81 trimmed.
The largest buyer was Assured Investment Management, adding an estimated $81M. The largest seller was AJO LP, exiting entirely with an estimated $139M sold.
- 310 institutional investors held Patterson-UTI (PTEN) as of Q2 2017, down from 313 in Q1 2017.
- Funds reported $4.26B of Patterson-UTI stock for Q2 2017, down 3.1% quarter-over-quarter.
- 50 funds opened new Patterson-UTI positions in Q2 2017 and 50 closed out, a net change of 0 holders.
- The largest Patterson-UTI buyer in Q2 2017 was Assured Investment Management, an estimated $81M added.
- The largest Patterson-UTI seller in Q2 2017 was AJO LP, an estimated $139M sold.
Based on aggregated 13F filings for Q2 2017.