Patterson-UTI
PTEN
257 hedge funds and large institutions have $2.17B invested in Patterson-UTI in 2015 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 111 increasing their positions, 80 reducing their positions, and 49 closing their positions.
114% more call options, than puts
Call options by funds: $32.4M | Put options by funds: $15.2M
39% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 80
6% less funds holding
Funds holding: 272 → 257 (-15)
22% less capital invested
Capital invested by funds: $2.8B → $2.17B (-$628M)
29% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 49
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$62.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$58.4M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$49.4M |
| 4 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$25.7M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$23.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$45.1M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$22.1M |
| 3 |
O
OppenheimerFunds
New York
|
-$19.1M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$15.7M |
| 5 |
CCM
Century Capital Management
Boston,
Massachusetts
|
-$14.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BGA
301
Belmont Global Advisors
Dallas,
Texas
| – | -$188K | -10,000 | Closed |
|
302
DekaBank Deutsche Girozentrale
Frankfurt,
Germany
| – | -$175K | -9,212 | Closed |
|
303
Victory Capital Management
San Antonio,
Texas
| – | -$105K | -5,817 | Closed |
|
|
FANJ
304
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$2K | -100 | Closed |
|
|
PIM
305
Parasol Investment Management
Westmont,
Illinois
| – | -$1K | -46 | Closed |
|
PTEN Hedge Fund Activity: Q3 2015 in Review
257 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2015, worth a combined $2.17B — down 22% from $2.8B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of PTEN and 35 opened new positions — a net loss of 14 holders — while 80 trimmed existing stakes and 111 added.
The largest buyer was First Pacific Advisors, opening a new position worth an estimated $62.9M. The largest seller was Millennium Management, cutting an estimated $45.1M.
- 257 institutional investors held Patterson-UTI (PTEN) as of Q3 2015, down from 272 in Q2 2015.
- Funds reported $2.17B of Patterson-UTI stock for Q3 2015, down 22% quarter-over-quarter.
- 35 funds opened new Patterson-UTI positions in Q3 2015 and 49 closed out, a net change of -14 holders.
- The largest Patterson-UTI buyer in Q3 2015 was First Pacific Advisors, an estimated $62.9M added.
- The largest Patterson-UTI seller in Q3 2015 was Millennium Management, an estimated $45.1M sold.
Based on aggregated 13F filings for Q3 2015.