Patterson-UTI
PTEN
359 hedge funds and large institutions have $4.12B invested in Patterson-UTI in 2024 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 134 increasing their positions, 105 reducing their positions, and 66 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 105
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
3.61% more ownership
Funds ownership: 95.48% → 99.1% (+3.6%)
8% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 66
2% less funds holding
Funds holding: 368 → 359 (-9)
11% less capital invested
Capital invested by funds: $4.65B → $4.12B (-$528M)
48% less call options, than puts
Call options by funds: $112M | Put options by funds: $217M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$161M |
| 2 |
NP
Ninepoint Partners
Toronto,
Ontario, Canada
|
+$54.8M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$34.2M |
| 4 |
BlackRock
New York
|
+$26.8M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$45.8M |
| 2 |
Morgan Stanley
New York
|
-$44.3M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$30.8M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$30.7M |
| 5 |
Goldman Sachs
New York
|
-$19.8M |
PTEN Hedge Fund Activity: Q2 2024 in Review
359 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q2 2024, worth a combined $4.12B — down 11% from $4.65B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of PTEN and 61 opened new positions — a net loss of 5 holders — while 105 trimmed existing stakes and 134 added.
The largest buyer was Pacer Advisors, opening a new position worth an estimated $161M. The largest seller was Dimensional Fund Advisors, cutting an estimated $45.8M.
- 359 institutional investors held Patterson-UTI (PTEN) as of Q2 2024, down from 368 in Q1 2024.
- Funds reported $4.12B of Patterson-UTI stock for Q2 2024, down 11% quarter-over-quarter.
- 61 funds opened new Patterson-UTI positions in Q2 2024 and 66 closed out, a net change of -5 holders.
- The largest Patterson-UTI buyer in Q2 2024 was Pacer Advisors, an estimated $161M added.
- The largest Patterson-UTI seller in Q2 2024 was Dimensional Fund Advisors, an estimated $45.8M sold.
Based on aggregated 13F filings for Q2 2024.