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Patterson-UTI
PTEN

225 hedge funds and large institutions have $508M invested in Patterson-UTI in 2020 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 63 increasing their positions, 86 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,389% more call options, than puts

Call options by funds: $3.21M | Put options by funds: $129K

3% less funds holding

Funds holding: 233 → 225 (-8)

11.22% less ownership

Funds ownership: 107.21% → 95.99% (-11%)

20% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 35

27% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 86

27% less capital invested

Capital invested by funds: $695M → $508M (-$187M)

Holders
225
Holders Change
-8
Holders Change %
-3.43%
% of All Funds
4.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
28
Increased
63
Reduced
86
Closed
35
Calls
$3.21M
Puts
$129K
Net Calls
+$3.08M
Net Calls Change
-$9.64M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$28.3M
2
Wells Fargo
Wells Fargo
California
+$7.58M
3
KBG
Kahn Brothers Group
New York
+$3.5M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$3.5M
5
Norges Bank
Norges Bank
Norway
+$2.59M

Top Sellers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
-$15.9M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$13.8M
3
Renaissance Technologies
Renaissance Technologies
New York
-$10.9M
4
Millennium Management
Millennium Management
New York
-$10.7M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
-$9.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
Ohio Public Employees Retirement System (OPERS)
76
Ohio Public Employees Retirement System (OPERS)
Ohio
$530K +$684K +186,031 New
TA
77
Teton Advisors
New York
$522K -$21.7K -5,900 -3%
Susquehanna International Group
78
Susquehanna International Group
Pennsylvania
$508K -$513K -139,413 -44%
Royal Bank of Canada
79
Royal Bank of Canada
Ontario, Canada
$503K -$212K -57,752 -25%
SOADOR
80
State of Alaska Department of Revenue
Alaska
$499K -$2.21K -600 -0.3%
TPSF
81
Texas Permanent School Fund
Texas
$499K +$102K +27,719 +19%
HSBC Holdings
82
HSBC Holdings
United Kingdom
$494K -$34.2K -9,302 -5%
New York State Common Retirement Fund
83
New York State Common Retirement Fund
New York
$493K +$99.7K +27,100 +19%
State of Tennessee, Department of Treasury
84
State of Tennessee, Department of Treasury
Tennessee
$481K -$73.4K -19,965 -11%
WG
85
Winton Group
United Kingdom
$461K -$262K -71,195 -31%
CS
86
Credit Suisse
Switzerland
$439K +$17.2K +4,672 +3%
Deutsche Bank
87
Deutsche Bank
Germany
$436K +$191K +51,847 +51%
VRS
88
Virginia Retirement Systems
Virginia
$418K +$284K +77,300 +111%
COPPSERS
89
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$414K +$190K +51,540 +55%
Mitsubishi UFJ Trust & Banking
90
Mitsubishi UFJ Trust & Banking
Japan
$374K +$63.3K +17,200 +15%
FQ
91
First Quadrant
California
$371K -$204K -55,385 -30%
AIG
92
American International Group
New York
$362K -$11.2K -3,040 -2%
State Board of Administration of Florida Retirement System
93
State Board of Administration of Florida Retirement System
Florida
$356K – – –
T. Rowe Price Associates
94
T. Rowe Price Associates
Maryland
$311K -$373K -101,300 -48%
Mariner
95
Mariner
Kansas
$304K +$392K +106,692 New
DAS
96
Dynamic Advisor Solutions
Arizona
$286K -$4.88K -1,326 -1%
VOYA Investment Management
97
VOYA Investment Management
Georgia
$265K +$28.6K +7,787 +9%
GC
98
Guggenheim Capital
Illinois
$265K +$29.8K +8,106 +10%
Citigroup
99
Citigroup
New York
$253K -$243K -66,051 -43%
PNC Financial Services Group
100
PNC Financial Services Group
Pennsylvania
$248K +$55.5K +15,089 +21%
2 3
4
5 6

PTEN Hedge Fund Activity: Q3 2020 in Review

225 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2020, worth a combined $508M — down 27% from $695M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of PTEN and 28 opened new positions — a net loss of 7 holders — while 86 trimmed existing stakes and 63 added.

The largest buyer was BlackRock, adding an estimated $28.3M. The largest seller was First Trust Advisors, cutting an estimated $15.9M.

  • 225 institutional investors held Patterson-UTI (PTEN) as of Q3 2020, down from 233 in Q2 2020.
  • Funds reported $508M of Patterson-UTI stock for Q3 2020, down 27% quarter-over-quarter.
  • 28 funds opened new Patterson-UTI positions in Q3 2020 and 35 closed out, a net change of -7 holders.
  • The largest Patterson-UTI buyer in Q3 2020 was BlackRock, an estimated $28.3M added.
  • The largest Patterson-UTI seller in Q3 2020 was First Trust Advisors, an estimated $15.9M sold.

Based on aggregated 13F filings for Q3 2020.