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Patterson-UTI

257 hedge funds and large institutions have $2.17B invested in Patterson-UTI in 2015 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 111 increasing their positions, 80 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more call options, than puts

Call options by funds: $32.4M | Put options by funds: $15.2M

39% more repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 80

6% less funds holding

Funds holding: 272257 (-15)

22% less capital invested

Capital invested by funds: $2.8B → $2.17B (-$628M)

29% less first-time investments, than exits

New positions opened: 35 | Existing positions closed: 49

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
257
Holders Change
-15
Holders Change %
-5.51%
% of All Funds
7.17%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
35
Increased
111
Reduced
80
Closed
49
Calls
$32.4M
Puts
$15.2M
Net Calls
+$17.3M
Net Calls Change
+$2.19M
Name Holding Trade Value Shares
Change
Change in
Stake
Creative Planning
101
Creative Planning
Kansas
$2.03M +$2.45M +154,769 New
State of Tennessee, Department of Treasury
102
State of Tennessee, Department of Treasury
Tennessee
$2.01M
SFM
103
Systematic Financial Management
New Jersey
$1.99M +$2.41M +151,805 New
SFP
104
Santa Fe Partners
New Mexico
$1.85M +$122K +7,695 +6%
TAM
105
Tocqueville Asset Management
New York
$1.79M -$782K -49,379 -27%
Allianz Asset Management
106
Allianz Asset Management
Germany
$1.76M +$73.5K +4,639 +4%
GH
107
GAM Holding
Switzerland
$1.73M +$60.9K +3,846 +3%
MLICM
108
Metropolitan Life Insurance Company (MetLife)
New York
$1.7M -$27.2K -1,718 -1%
Legal & General Group
109
Legal & General Group
United Kingdom
$1.61M +$410K +25,843 +27%
TPSF
110
Texas Permanent School Fund
Texas
$1.6M -$65.4K -4,125 -3%
State of New Jersey Common Pension Fund D
111
State of New Jersey Common Pension Fund D
New Jersey
$1.59M
Canada Pension Plan Investment Board
112
Canada Pension Plan Investment Board
Ontario, Canada
$1.59M +$856K +54,000 +81%
GWI
113
Grace & White Inc
New York
$1.57M
HI
114
HBK Investments
Texas
$1.56M -$9.62M -607,236 -84%
CS
115
Credit Suisse
Switzerland
$1.54M -$969K -61,139 -34%
AllianceBernstein
116
AllianceBernstein
Tennessee
$1.49M +$3.96K +250 +0.2%
ANI
117
American National Insurance
Texas
$1.45M +$1.75M +110,455 New
State of Wisconsin Investment Board
118
State of Wisconsin Investment Board
Wisconsin
$1.44M -$49K -3,090 -3%
BF
119
BOK Financial
Oklahoma
$1.43M +$53.4K +3,373 +3%
TRSOTSOK
120
Teachers Retirement System of the State of Kentucky
Kentucky
$1.4M -$275K -17,384 -14%
FAM
121
Fred Alger Management
New York
$1.37M -$25.9K -1,636 -2%
SEI Investments
122
SEI Investments
Pennsylvania
$1.37M +$410K +25,853 +33%
QI
123
Quotient Investors
New York
$1.35M +$1.63M +102,944 New
EAM
124
EverPoint Asset Management
Connecticut
$1.31M -$2.38M -150,000 -60%
MOACM
125
Mutual of America Capital Management
New York
$1.3M +$57.4K +3,621 +4%

PTEN Hedge Fund Activity: Q3 2015 in Review

257 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2015, worth a combined $2.17B — down 22% from $2.8B a quarter earlier.

Sellers outnumbered buyers: 49 funds closed out of PTEN and 35 opened new positions — a net loss of 14 holders — while 80 trimmed existing stakes and 111 added.

The largest buyer was First Pacific Advisors, opening a new position worth an estimated $62.9M. The largest seller was Millennium Management, cutting an estimated $45.1M.

  • 257 institutional investors held Patterson-UTI (PTEN) as of Q3 2015, down from 272 in Q2 2015.
  • Funds reported $2.17B of Patterson-UTI stock for Q3 2015, down 22% quarter-over-quarter.
  • 35 funds opened new Patterson-UTI positions in Q3 2015 and 49 closed out, a net change of -14 holders.
  • The largest Patterson-UTI buyer in Q3 2015 was First Pacific Advisors, an estimated $62.9M added.
  • The largest Patterson-UTI seller in Q3 2015 was Millennium Management, an estimated $45.1M sold.

Based on aggregated 13F filings for Q3 2015.