Patterson-UTI
PTEN
327 hedge funds and large institutions have $3.8B invested in Patterson-UTI in 2018 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 114 increasing their positions, 112 reducing their positions, and 51 closing their positions.
18% more call options, than puts
Call options by funds: $8.3M | Put options by funds: $7.05M
14% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 51
2% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 112
1% more funds holding
Funds holding: 324 → 327 (+3)
1.99% less ownership
Funds ownership: 99.67% → 97.67% (-2%)
25% less capital invested
Capital invested by funds: $5.1B → $3.8B (-$1.3B)
50% less funds holding in top 10
Funds holding in top 10: 14 → 7 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$79.7M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$35.8M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$34M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$28.3M |
| 5 |
PC
Precocity Capital
Stamford,
Connecticut
|
+$21.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$45.1M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$43.9M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$41.7M |
| 4 |
PC
PointState Capital
New York
|
-$38.1M |
| 5 |
Goldman Sachs
New York
|
-$33.9M |
PTEN Hedge Fund Activity: Q1 2018 in Review
327 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2018, worth a combined $3.8B — down 25% from $5.1B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new PTEN positions and 51 closed out — a net gain of 7 holders — while 114 added to existing stakes and 112 trimmed.
The largest buyer was Point72 Asset Management, adding an estimated $79.7M. The largest seller was Bank of America, cutting an estimated $45.1M.
- 327 institutional investors held Patterson-UTI (PTEN) as of Q1 2018, up from 324 in Q4 2017.
- Funds reported $3.8B of Patterson-UTI stock for Q1 2018, down 25% quarter-over-quarter.
- 58 funds opened new Patterson-UTI positions in Q1 2018 and 51 closed out, a net change of +7 holders.
- The largest Patterson-UTI buyer in Q1 2018 was Point72 Asset Management, an estimated $79.7M added.
- The largest Patterson-UTI seller in Q1 2018 was Bank of America, an estimated $45.1M sold.
Based on aggregated 13F filings for Q1 2018.