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Patterson-UTI

368 hedge funds and large institutions have $4.65B invested in Patterson-UTI in 2024 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 125 increasing their positions, 130 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 68 (+2)

29% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 56

7% more capital invested

Capital invested by funds: $4.34B → $4.65B (+$311M)

3% more funds holding

Funds holding: 359368 (+9)

0.71% less ownership

Funds ownership: 96.19%95.48% (-0.71%)

4% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 130

93% less call options, than puts

Call options by funds: $16.3M | Put options by funds: $236M

Holders
368
Holders Change
+9
Holders Change %
+2.51%
% of All Funds
5.3%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
72
Increased
125
Reduced
130
Closed
56
Calls
$16.3M
Puts
$236M
Net Calls
-$220M
Net Calls Change
-$66.4M
Name Holding Trade Value Shares
Change
Change in
Stake
DKCM
51
Davidson Kempner Capital Management
New York
$11.9M +$11.1M +1,000,000 New
Legal & General Group
52
Legal & General Group
United Kingdom
$11.7M +$337K +30,339 +3%
Qube Research & Technologies (QRT)
53
Qube Research & Technologies (QRT)
United Kingdom
$11.6M +$7.52M +677,044 +227%
Susquehanna International Group
54
Susquehanna International Group
Pennsylvania
$11.6M -$1.69M -151,777 -14%
RJA
55
Raymond James & Associates
Florida
$11.1M +$3.28M +295,471 +47%
GKIM
56
GW&K Investment Management
Massachusetts
$10.5M +$458K +41,198 +5%
Millennium Management
57
Millennium Management
New York
$10.5M +$7.05M +634,579 +263%
KA
58
KLCM Advisors
Wisconsin
$9.61M +$8.94M +804,815 New
PCM
59
Penn Capital Management
Pennsylvania
$9.47M -$834K -75,086 -9%
Victory Capital Management
60
Victory Capital Management
Texas
$9.37M +$7.75M +697,267 +798%
LSV Asset Management
61
LSV Asset Management
Illinois
$9.25M -$1.07M -96,600 -11%
Wellington Management Group
62
Wellington Management Group
Massachusetts
$9.18M -$107K -9,607 -1%
Tudor Investment Corp
63
Tudor Investment Corp
Connecticut
$8.88M +$8.27M +744,097 New
Swiss National Bank
64
Swiss National Bank
Switzerland
$8.85M +$447K +40,200 +6%
BCA
65
Bernzott Capital Advisors
California
$8.7M +$870K +78,296 +12%
RA
66
Royce & Associates
New York
$8.45M +$1.03M +92,306 +15%
Comerica Bank
67
Comerica Bank
Texas
$8.08M -$369K -33,175 -5%
Holocene Advisors
68
Holocene Advisors
New York
$8M +$2.9M +260,813 +64%
Natixis Advisors
69
Natixis Advisors
Massachusetts
$7.92M +$2.61M +234,591 +55%
Public Sector Pension Investment Board (PSP Investments)
70
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$7.86M -$90.8K -8,170 -1%
AllianceBernstein
71
AllianceBernstein
Tennessee
$7.8M +$2.16M +194,018 +42%
BNP Paribas Financial Markets
72
BNP Paribas Financial Markets
France
$7.71M -$2.92M -262,549 -29%
Franklin Resources
73
Franklin Resources
California
$7.52M -$155K -13,993 -2%
Squarepoint
74
Squarepoint
New York
$7.47M +$17.8K +1,598 +0.3%
ZCM
75
Ziegler Capital Management
Illinois
$6.92M +$4.18M +376,578 +186%

PTEN Hedge Fund Activity: Q1 2024 in Review

368 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2024, worth a combined $4.65B — up 7.2% from $4.34B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new PTEN positions and 56 closed out — a net gain of 16 holders — while 125 added to existing stakes and 130 trimmed.

The largest buyer was Channing Capital Management, opening a new position worth an estimated $56.6M. The largest seller was Cerberus Capital Management, exiting entirely with an estimated $147M sold.

  • 368 institutional investors held Patterson-UTI (PTEN) as of Q1 2024, up from 359 in Q4 2023.
  • Funds reported $4.65B of Patterson-UTI stock for Q1 2024, up 7.2% quarter-over-quarter.
  • 72 funds opened new Patterson-UTI positions in Q1 2024 and 56 closed out, a net change of +16 holders.
  • The largest Patterson-UTI buyer in Q1 2024 was Channing Capital Management, an estimated $56.6M added.
  • The largest Patterson-UTI seller in Q1 2024 was Cerberus Capital Management, an estimated $147M sold.

Based on aggregated 13F filings for Q1 2024.