Patterson-UTI
PTEN
271 hedge funds and large institutions have $3.03B invested in Patterson-UTI in 2022 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 86 increasing their positions, 90 reducing their positions, and 22 closing their positions.
186% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 22
76% more capital invested
Capital invested by funds: $1.73B → $3.03B (+$1.31B)
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
24% more call options, than puts
Call options by funds: $61.4M | Put options by funds: $49.4M
16% more funds holding
Funds holding: 233 → 271 (+38)
1.52% more ownership
Funds ownership: 95.08% → 96.6% (+1.5%)
4% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$42.8M |
| 2 |
Jennison Associates
New York
|
+$29.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$25.4M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$20.1M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$19.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JIM
JB Investments Management
Phoenixville,
Pennsylvania
|
-$81.2M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$36.3M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$27.9M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$21.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$19.2M |
PTEN Hedge Fund Activity: Q1 2022 in Review
271 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2022, worth a combined $3.03B — up 76% from $1.73B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new PTEN positions and 22 closed out — a net gain of 41 holders — while 86 added to existing stakes and 90 trimmed.
The largest buyer was Millennium Management, adding an estimated $42.8M. The largest seller was JB Investments Management, cutting an estimated $81.2M.
- 271 institutional investors held Patterson-UTI (PTEN) as of Q1 2022, up from 233 in Q4 2021.
- Funds reported $3.03B of Patterson-UTI stock for Q1 2022, up 76% quarter-over-quarter.
- 63 funds opened new Patterson-UTI positions in Q1 2022 and 22 closed out, a net change of +41 holders.
- The largest Patterson-UTI buyer in Q1 2022 was Millennium Management, an estimated $42.8M added.
- The largest Patterson-UTI seller in Q1 2022 was JB Investments Management, an estimated $81.2M sold.
Based on aggregated 13F filings for Q1 2022.