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Patterson-UTI
PTEN

357 hedge funds and large institutions have $5.48B invested in Patterson-UTI in 2023 Q3 according to their latest regulatory filings, with 105 funds opening new positions, 164 increasing their positions, 59 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more funds holding in top 10

Funds holding in top 10: 1 → 7 (+6)

228% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 32

212% more call options, than puts

Call options by funds: $15.6M | Put options by funds: $5.01M

178% more repeat investments, than reductions

Existing positions increased: 164 | Existing positions reduced: 59

113% more capital invested

Capital invested by funds: $2.57B → $5.48B (+$2.91B)

25% more funds holding

Funds holding: 285 → 357 (+72)

8.35% less ownership

Funds ownership: 103.61% → 95.26% (-8.4%)

Holders
357
Holders Change
+72
Holders Change %
+25.26%
% of All Funds
5.67%
Holding in Top 10
7
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+600%
% of All Funds
0.11%
New
105
Increased
164
Reduced
59
Closed
32
Calls
$15.6M
Puts
$5.01M
Net Calls
+$10.6M
Net Calls Change
+$35.5M

Top Buyers

Rank Fund Capital Flow
1
Blackstone Inc
Blackstone Inc
New York
+$511M
2
BlackRock
BlackRock
New York
+$275M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$271M
4
CCM
Cerberus Capital Management
New York
+$199M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$170M

Top Sellers

Rank Fund Capital Flow
1
ACM
Anomaly Capital Management
New York
-$45.5M
2
Pacer Advisors
Pacer Advisors
Pennsylvania
-$38.4M
3
Jennison Associates
Jennison Associates
New York
-$30M
4
Renaissance Technologies
Renaissance Technologies
New York
-$28.6M
5
Two Sigma Investments
Two Sigma Investments
New York
-$21.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
QC
376
Quadrature Capital
United Kingdom
– -$267K -22,355 Closed
SEC
377
Seven Eight Capital
New York
– -$220K -18,385 Closed
HT
378
Headlands Technologies
Illinois
– -$191K -15,933 Closed
AIM
379
Aigen Investment Management
New York
– -$180K -15,066 Closed
Simplex Trading
380
Simplex Trading
Illinois
– -$213K -14,538 Closed
Wolverine Trading
381
Wolverine Trading
Illinois
– -$168K -11,513 Closed
CMBA
382
C.M. Bidwell & Associates
Hawaii
– -$106K -8,872 Closed
HIA
383
Harbor Investment Advisory
Maryland
– -$82.6K -6,902 Closed
DCM
384
Dupont Capital Management
Delaware
– -$76.3K -6,374 Closed
SSG
385
Summit Securities Group
New York
– -$24K -2,000 Closed
Group One Trading
386
Group One Trading
Illinois
– -$7.31K -500 Closed
DI
387
Disciplined Investments
Oklahoma
– -$215 -18 Closed
FGAM
388
Financial Gravity Asset Management
Texas
– -$376 -12 Closed
C
389
Covestor
United Kingdom
– +$161 +11 +65%
AW
390
Avion Wealth
Texas
– +$468 +32 New
12 13 14 15
16

PTEN Hedge Fund Activity: Q3 2023 in Review

357 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2023, worth a combined $5.48B — up 113% from $2.57B a quarter earlier.

Buyers outnumbered sellers: 105 funds opened new PTEN positions and 32 closed out — a net gain of 73 holders — while 164 added to existing stakes and 59 trimmed.

The largest buyer was Blackstone Inc, opening a new position worth an estimated $511M. The largest seller was Anomaly Capital Management, cutting an estimated $45.5M.

  • 357 institutional investors held Patterson-UTI (PTEN) as of Q3 2023, up from 285 in Q2 2023.
  • Funds reported $5.48B of Patterson-UTI stock for Q3 2023, up 113% quarter-over-quarter.
  • 105 funds opened new Patterson-UTI positions in Q3 2023 and 32 closed out, a net change of +73 holders.
  • The largest Patterson-UTI buyer in Q3 2023 was Blackstone Inc, an estimated $511M added.
  • The largest Patterson-UTI seller in Q3 2023 was Anomaly Capital Management, an estimated $45.5M sold.

Based on aggregated 13F filings for Q3 2023.