Patterson-UTI
PTEN
258 hedge funds and large institutions have $2.78B invested in Patterson-UTI in 2015 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 99 increasing their positions, 78 reducing their positions, and 57 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
64% more call options, than puts
Call options by funds: $28.1M | Put options by funds: $17.1M
27% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 78
20% more capital invested
Capital invested by funds: $2.32B → $2.78B (+$459M)
4% less funds holding
Funds holding: 270 → 258 (-12)
16% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 57
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$55.9M |
| 2 |
IIM
Ivory Investment Management
New York
|
+$54.9M |
| 3 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$52.2M |
| 4 |
Millennium Management
New York
|
+$47.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$39.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$123M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$77M |
| 3 |
JP Morgan Chase
New York
|
-$27.5M |
| 4 |
THSP
Taube Hodson Stonex Partners
London,
United Kingdom
|
-$24.4M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$23.6M |
PTEN Hedge Fund Activity: Q1 2015 in Review
258 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2015, worth a combined $2.78B — up 20% from $2.32B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of PTEN and 48 opened new positions — a net loss of 9 holders — while 78 trimmed existing stakes and 99 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $55.9M. The largest seller was Artisan Partners, cutting an estimated $123M.
- 258 institutional investors held Patterson-UTI (PTEN) as of Q1 2015, down from 270 in Q4 2014.
- Funds reported $2.78B of Patterson-UTI stock for Q1 2015, up 20% quarter-over-quarter.
- 48 funds opened new Patterson-UTI positions in Q1 2015 and 57 closed out, a net change of -9 holders.
- The largest Patterson-UTI buyer in Q1 2015 was DePrince Race & Zollo Inc (DRZ), an estimated $55.9M added.
- The largest Patterson-UTI seller in Q1 2015 was Artisan Partners, an estimated $123M sold.
Based on aggregated 13F filings for Q1 2015.