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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
LSERS
101
Louisiana State Employees Retirement System
Louisiana
$247K +$132K +36,000 +71%
ACI
102
AMP Capital Investors
Australia
$239K – – –
Truist Financial
103
Truist Financial
North Carolina
$238K -$2.3K -626 -0.7%
Commonwealth Equity Services
104
Commonwealth Equity Services
Massachusetts
$234K -$55.7K -15,139 -16%
IA
105
IndexIQ Advisors
New York
$228K +$15.9K +4,335 +6%
Envestnet Asset Management
106
Envestnet Asset Management
Illinois
$222K +$141K +38,390 +97%
OPERF
107
Oregon Public Employees Retirement Fund
Oregon
$219K -$41.6K -11,300 -13%
MSA
108
Mason Street Advisors
Wisconsin
$200K +$1.07K +292 +0.4%
II
109
Inspire Investing
Idaho
$186K +$190K +51,583 +381%
CHAM
110
Clear Harbor Asset Management
Connecticut
$185K – – –
RJFSA
111
Raymond James Financial Services Advisors
Florida
$176K +$6.12K +1,665 +3%
PAMP
112
Polar Asset Management Partners
Ontario, Canada
$175K +$122K +33,100 +117%
QC
113
Quadrature Capital
United Kingdom
$175K +$225K +61,189 New
MLICM
114
Metropolitan Life Insurance Company (MetLife)
New York
$167K – – –
Creative Planning
115
Creative Planning
Kansas
$165K +$4 +1 +0%
GCP
116
GSA Capital Partners
United Kingdom
$162K +$208K +56,674 New
PA
117
Profund Advisors
Maryland
$160K -$15.7K -4,263 -7%
ASRS
118
Arizona State Retirement System
Arizona
$160K +$47.5K +12,904 +30%
SSA
119
Schonfeld Strategic Advisors
New York
$159K +$205K +55,800 New
Bank of Montreal
120
Bank of Montreal
Ontario, Canada
$158K -$56K -15,220 -21%
Russell Investments Group
121
Russell Investments Group
United Kingdom
$157K +$32.6K +8,871 +19%
BNP Paribas Financial Markets
122
BNP Paribas Financial Markets
France
$157K +$157K +42,780 +351%
RJA
123
Raymond James & Associates
Florida
$153K -$7.03K -1,911 -3%
Mercer Global Advisors
124
Mercer Global Advisors
Colorado
$148K +$191K +51,885 New
Connor, Clark & Lunn Investment Management (CC&L)
125
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$147K -$2.55M -694,586 -93%
3 4
5
6 7

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.