Patterson-UTI
PTEN
285 hedge funds and large institutions have $2.57B invested in Patterson-UTI in 2023 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 109 increasing their positions, 99 reducing their positions, and 39 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 99
4.25% more ownership
Funds ownership: 99.37% → 103.61% (+4.2%)
3% more capital invested
Capital invested by funds: $2.49B → $2.57B (+$81.8M)
0% more funds holding
Funds holding: 285 → 285 (0)
0% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 39
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
75% less call options, than puts
Call options by funds: $8.28M | Put options by funds: $33.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Anomaly Capital Management
New York
|
+$37.9M |
| 2 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$29.6M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$18.4M |
| 4 |
Renaissance Technologies
New York
|
+$14.7M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$35.6M |
| 2 |
BlackRock
New York
|
-$35M |
| 3 |
Millennium Management
New York
|
-$33.3M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$17.3M |
| 5 |
Jennison Associates
New York
|
-$14.6M |
PTEN Hedge Fund Activity: Q2 2023 in Review
285 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q2 2023, worth a combined $2.57B — up 3.3% from $2.49B a quarter earlier.
Fund positioning in PTEN was balanced in Q2 2023: 39 funds opened new positions, 39 closed out, 109 added to existing stakes and 99 trimmed.
The largest buyer was Anomaly Capital Management, adding an estimated $37.9M. The largest seller was AllianceBernstein, cutting an estimated $35.6M.
- 285 institutional investors held Patterson-UTI (PTEN) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $2.57B of Patterson-UTI stock for Q2 2023, up 3.3% quarter-over-quarter.
- 39 funds opened new Patterson-UTI positions in Q2 2023 and 39 closed out, a net change of 0 holders.
- The largest Patterson-UTI buyer in Q2 2023 was Anomaly Capital Management, an estimated $37.9M added.
- The largest Patterson-UTI seller in Q2 2023 was AllianceBernstein, an estimated $35.6M sold.
Based on aggregated 13F filings for Q2 2023.