Patterson-UTI
PTEN
268 hedge funds and large institutions have $1.76B invested in Patterson-UTI in 2019 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 81 increasing their positions, 106 reducing their positions, and 53 closing their positions.
5.5% more ownership
Funds ownership: 95.89% → 101.38% (+5.5%)
4% less funds holding
Funds holding: 278 → 268 (-10)
15% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 53
24% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 106
24% less capital invested
Capital invested by funds: $2.3B → $1.76B (-$548M)
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
77% less call options, than puts
Call options by funds: $2.65M | Put options by funds: $11.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$32.9M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$30.1M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$15.4M |
| 4 |
Morgan Stanley
New York
|
+$13M |
| 5 |
SI
Scout Investments
Kansas City,
Missouri
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SO
STRS Ohio
Columbus,
Ohio
|
-$23M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$20.7M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
-$20.5M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$14.1M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$11.4M |
PTEN Hedge Fund Activity: Q3 2019 in Review
268 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2019, worth a combined $1.76B — down 24% from $2.3B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of PTEN and 45 opened new positions — a net loss of 8 holders — while 106 trimmed existing stakes and 81 added.
The largest buyer was Renaissance Technologies, adding an estimated $32.9M. The largest seller was STRS Ohio, exiting entirely with an estimated $23M sold.
- 268 institutional investors held Patterson-UTI (PTEN) as of Q3 2019, down from 278 in Q2 2019.
- Funds reported $1.76B of Patterson-UTI stock for Q3 2019, down 24% quarter-over-quarter.
- 45 funds opened new Patterson-UTI positions in Q3 2019 and 53 closed out, a net change of -8 holders.
- The largest Patterson-UTI buyer in Q3 2019 was Renaissance Technologies, an estimated $32.9M added.
- The largest Patterson-UTI seller in Q3 2019 was STRS Ohio, an estimated $23M sold.
Based on aggregated 13F filings for Q3 2019.