Patterson-UTI
PTEN
285 hedge funds and large institutions have $2.49B invested in Patterson-UTI in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 93 increasing their positions, 119 reducing their positions, and 52 closing their positions.
1.57% more ownership
Funds ownership: 97.8% → 99.37% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less funds holding
Funds holding: 307 → 285 (-22)
22% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 119
27% less capital invested
Capital invested by funds: $3.42B → $2.49B (-$933M)
35% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 52
86% less call options, than puts
Call options by funds: $5.94M | Put options by funds: $41.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$54.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$37.1M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$19.8M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$18.7M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$14.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Anomaly Capital Management
New York
|
-$44M |
| 2 |
Bank of New York Mellon
New York
|
-$27.6M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$18.3M |
| 4 |
VanEck Associates
New York
|
-$15.5M |
| 5 |
Jennison Associates
New York
|
-$14.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
326
IFP Advisors
Tampa,
Florida
| – | -$36K | -1,330 | Closed |
|
|
MIM
327
Macroview Investment Management
Bethesda,
Maryland
| – | -$11.1K | -661 | Closed |
|
|
MCC
328
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$4.5K | -267 | Closed |
|
|
NFSG
329
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$3.74K | -222 | Closed |
|
|
BAM
330
Belpointe Asset Management
Reno,
Nevada
| – | -$3.28K | -195 | Closed |
|
|
SIC
331
SJS Investment Consulting
Sylvania,
Ohio
| – | -$438 | -26 | Closed |
|
|
FGAM
332
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$558 | -17 | Closed |
|
|
AF
333
Advisornet Financial
Minnetonka,
Minnesota
| – | -$185 | -11 | Closed |
|
|
CS
334
Comerica Securities
Detroit,
Michigan
| – | -$101 | -6 | Closed |
|
335
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | +$131 | +9 | New |
|
PTEN Hedge Fund Activity: Q1 2023 in Review
285 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2023, worth a combined $2.49B — down 27% from $3.42B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of PTEN and 34 opened new positions — a net loss of 18 holders — while 119 trimmed existing stakes and 93 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $54.8M. The largest seller was Anomaly Capital Management, cutting an estimated $44M.
- 285 institutional investors held Patterson-UTI (PTEN) as of Q1 2023, down from 307 in Q4 2022.
- Funds reported $2.49B of Patterson-UTI stock for Q1 2023, down 27% quarter-over-quarter.
- 34 funds opened new Patterson-UTI positions in Q1 2023 and 52 closed out, a net change of -18 holders.
- The largest Patterson-UTI buyer in Q1 2023 was DePrince Race & Zollo Inc (DRZ), an estimated $54.8M added.
- The largest Patterson-UTI seller in Q1 2023 was Anomaly Capital Management, an estimated $44M sold.
Based on aggregated 13F filings for Q1 2023.