Patterson-UTI
PTEN
329 hedge funds and large institutions have $4.39B invested in Patterson-UTI in 2014 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 122 increasing their positions, 129 reducing their positions, and 41 closing their positions.
233% more call options, than puts
Call options by funds: $49.2M | Put options by funds: $14.8M
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
5% less repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 129
2% less funds holding
Funds holding: 337 → 329 (-8)
5% less capital invested
Capital invested by funds: $4.64B → $4.39B (-$255M)
15% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$76.2M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$66.7M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$57.7M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$41.7M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$35.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
Scout Investments
Kansas City,
Missouri
|
-$67.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$67.4M |
| 3 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$43.6M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$41.2M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$38.3M |
PTEN Hedge Fund Activity: Q3 2014 in Review
329 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2014, worth a combined $4.39B — down 5.5% from $4.64B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of PTEN and 35 opened new positions — a net loss of 6 holders — while 129 trimmed existing stakes and 122 added.
The largest buyer was Millennium Management, adding an estimated $76.2M. The largest seller was Scout Investments, exiting entirely with an estimated $67.8M sold.
- 329 institutional investors held Patterson-UTI (PTEN) as of Q3 2014, down from 337 in Q2 2014.
- Funds reported $4.39B of Patterson-UTI stock for Q3 2014, down 5.5% quarter-over-quarter.
- 35 funds opened new Patterson-UTI positions in Q3 2014 and 41 closed out, a net change of -6 holders.
- The largest Patterson-UTI buyer in Q3 2014 was Millennium Management, an estimated $76.2M added.
- The largest Patterson-UTI seller in Q3 2014 was Scout Investments, an estimated $67.8M sold.
Based on aggregated 13F filings for Q3 2014.