Patterson-UTI
PTEN
274 hedge funds and large institutions have $3.46B invested in Patterson-UTI in 2013 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 82 increasing their positions, 107 reducing their positions, and 35 closing their positions.
209% more call options, than puts
Call options by funds: $27.1M | Put options by funds: $8.77M
23% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 35
15% more capital invested
Capital invested by funds: $3.01B → $3.46B (+$447M)
2% more funds holding
Funds holding: 268 → 274 (+6)
23% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 107
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$54.1M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$53.6M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$44.9M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$30.2M |
| 5 |
CC
Carlson Capital
Dallas,
Texas
|
+$25.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$67.7M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$61.7M |
| 3 |
Harris Associates
Chicago,
Illinois
|
-$37.6M |
| 4 |
Millennium Management
New York
|
-$28.9M |
| 5 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$27.3M |
PTEN Hedge Fund Activity: Q4 2013 in Review
274 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q4 2013, worth a combined $3.46B — up 15% from $3.01B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new PTEN positions and 35 closed out — a net gain of 8 holders — while 82 added to existing stakes and 107 trimmed.
The largest buyer was Jennison Associates, opening a new position worth an estimated $54.1M. The largest seller was Citadel Advisors, cutting an estimated $67.7M.
- 274 institutional investors held Patterson-UTI (PTEN) as of Q4 2013, up from 268 in Q3 2013.
- Funds reported $3.46B of Patterson-UTI stock for Q4 2013, up 15% quarter-over-quarter.
- 43 funds opened new Patterson-UTI positions in Q4 2013 and 35 closed out, a net change of +8 holders.
- The largest Patterson-UTI buyer in Q4 2013 was Jennison Associates, an estimated $54.1M added.
- The largest Patterson-UTI seller in Q4 2013 was Citadel Advisors, an estimated $67.7M sold.
Based on aggregated 13F filings for Q4 2013.