Patterson-UTI
PTEN
304 hedge funds and large institutions have $4.34B invested in Patterson-UTI in 2016 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 93 increasing their positions, 107 reducing their positions, and 34 closing their positions.
108.78% more ownership
Funds ownership: 0% → 108.78% (+109%)
97% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 34
95% more call options, than puts
Call options by funds: $70.2M | Put options by funds: $36M
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
18% more capital invested
Capital invested by funds: $3.68B → $4.34B (+$658M)
11% more funds holding
Funds holding: 274 → 304 (+30)
13% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 107
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$53.1M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$31.4M |
| 3 |
PC
PointState Capital
New York
|
+$26.7M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$24.1M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$14.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$134M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$52.1M |
| 3 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$33M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
-$21.9M |
| 5 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$19.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
326
Virtu Financial
New York
| – | -$254K | -11,366 | Closed |
|
|
FRM
327
Fox Run Management
Greenwich,
Connecticut
| – | -$251K | -11,200 | Closed |
|
|
IR
328
Invictus RG
Hamilton,
Bermuda
| – | -$234K | -10,460 | Closed |
|
|
UB
329
UMB Bank
Kansas City,
Missouri
| – | -$225K | -10,075 | Closed |
|
|
ECM
330
ETrade Capital Management
Arlington,
Virginia
| – | -$200K | -8,954 | Closed |
|
331
Lazard Asset Management
New York
| – | -$154K | -6,902 | Closed |
|
|
JFA
332
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$45K | -2,000 | Closed |
|
|
S
333
SignatureFD
Atlanta,
Georgia
| – | -$45K | -2,000 | Closed |
|
|
PFO
334
Pathstone Family Office
Englewood,
New Jersey
| – | -$11K | -500 | Closed |
|
|
LAM
335
Lebenthal Asset Management
New York
| – | -$10K | -430 | Closed |
|
|
CG
336
Cutler Group
San Francisco,
California
| – | -$9.85K | -399 | Closed |
|
|
CHP
337
Cable Hill Partners
Portland,
Oregon
| – | -$1K | -44 | Closed |
|
PTEN Hedge Fund Activity: Q4 2016 in Review
304 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q4 2016, worth a combined $4.34B — up 18% from $3.68B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new PTEN positions and 34 closed out — a net gain of 33 holders — while 93 added to existing stakes and 107 trimmed.
The largest buyer was VanEck Associates, adding an estimated $53.1M. The largest seller was Wellington Management Group, cutting an estimated $134M.
- 304 institutional investors held Patterson-UTI (PTEN) as of Q4 2016, up from 274 in Q3 2016.
- Funds reported $4.34B of Patterson-UTI stock for Q4 2016, up 18% quarter-over-quarter.
- 67 funds opened new Patterson-UTI positions in Q4 2016 and 34 closed out, a net change of +33 holders.
- The largest Patterson-UTI buyer in Q4 2016 was VanEck Associates, an estimated $53.1M added.
- The largest Patterson-UTI seller in Q4 2016 was Wellington Management Group, an estimated $134M sold.
Based on aggregated 13F filings for Q4 2016.