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Patterson-UTI

368 hedge funds and large institutions have $4.65B invested in Patterson-UTI in 2024 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 125 increasing their positions, 130 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 68 (+2)

29% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 56

7% more capital invested

Capital invested by funds: $4.34B → $4.65B (+$311M)

3% more funds holding

Funds holding: 359368 (+9)

0.71% less ownership

Funds ownership: 96.19%95.48% (-0.71%)

4% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 130

93% less call options, than puts

Call options by funds: $16.3M | Put options by funds: $236M

Holders
368
Holders Change
+9
Holders Change %
+2.51%
% of All Funds
5.3%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
72
Increased
125
Reduced
130
Closed
56
Calls
$16.3M
Puts
$236M
Net Calls
-$220M
Net Calls Change
-$66.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Thrivent Financial for Lutherans
101
Thrivent Financial for Lutherans
Minnesota
$3.73M -$84.1K -7,569 -2%
TI
102
Trexquant Investment
Connecticut
$3.61M +$3.36M +302,640 New
Hudson Bay Capital Management
103
Hudson Bay Capital Management
Connecticut
$3.58M +$3.33M +300,000 New
OCM
104
Ovata Capital Management
Hong Kong
$3.58M +$3.33M +300,000 New
GC
105
Guggenheim Capital
Illinois
$3.55M -$806K -72,545 -20%
TPSF
106
Texas Permanent School Fund
Texas
$3.36M +$40.6K +3,653 +1%
CSS
107
Cubist Systematic Strategies
Connecticut
$3.25M -$104K -9,347 -3%
NIG
108
NFJ Investment Group
Texas
$3.24M +$1.31M +117,995 +77%
MF
109
Magnetar Financial
Illinois
$3.13M -$106K -9,507 -4%
HRCM
110
Hawk Ridge Capital Management
California
$3.03M +$2.82M +253,802 New
DIA
111
Dana Investment Advisors
Wisconsin
$3M +$2.79M +250,969 New
Citigroup
112
Citigroup
New York
$2.91M +$11K +991 +0.4%
Two Sigma Advisers
113
Two Sigma Advisers
New York
$2.91M -$1.66M -149,327 -38%
State of New Jersey Common Pension Fund D
114
State of New Jersey Common Pension Fund D
New Jersey
$2.88M +$412K +37,116 +18%
SLG
115
Stanley-Laman Group
Pennsylvania
$2.73M +$678K +61,003 +36%
Deutsche Bank
116
Deutsche Bank
Germany
$2.61M -$19.9M -1,787,181 -89%
CM
117
CoreCommodity Management
Connecticut
$2.43M -$888K -79,915 -28%
T. Rowe Price Associates
118
T. Rowe Price Associates
Maryland
$2.43M +$143K +12,841 +7%
SGM
119
Seven Grand Managers
New York
$2.39M +$2.22M +200,000 New
SOADOR
120
State of Alaska Department of Revenue
Alaska
$2.33M -$25.9K -2,329 -1%
AQR Capital Management
121
AQR Capital Management
Connecticut
$2.3M +$1.43M +128,661 +201%
GCM
122
Ghisallo Capital Management
Massachusetts
$2.29M +$2.13M +191,978 New
AIG
123
American International Group
New York
$2.26M -$18.7K -1,683 -0.9%
HSBC Holdings
124
HSBC Holdings
United Kingdom
$2.25M +$1.34M +120,680 +177%
Mariner
125
Mariner
Kansas
$2.25M +$849K +76,474 +68%

PTEN Hedge Fund Activity: Q1 2024 in Review

368 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2024, worth a combined $4.65B — up 7.2% from $4.34B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new PTEN positions and 56 closed out — a net gain of 16 holders — while 125 added to existing stakes and 130 trimmed.

The largest buyer was Channing Capital Management, opening a new position worth an estimated $56.6M. The largest seller was Cerberus Capital Management, exiting entirely with an estimated $147M sold.

  • 368 institutional investors held Patterson-UTI (PTEN) as of Q1 2024, up from 359 in Q4 2023.
  • Funds reported $4.65B of Patterson-UTI stock for Q1 2024, up 7.2% quarter-over-quarter.
  • 72 funds opened new Patterson-UTI positions in Q1 2024 and 56 closed out, a net change of +16 holders.
  • The largest Patterson-UTI buyer in Q1 2024 was Channing Capital Management, an estimated $56.6M added.
  • The largest Patterson-UTI seller in Q1 2024 was Cerberus Capital Management, an estimated $147M sold.

Based on aggregated 13F filings for Q1 2024.