Patterson-UTI
PTEN
357 hedge funds and large institutions have $5.48B invested in Patterson-UTI in 2023 Q3 according to their latest regulatory filings, with 105 funds opening new positions, 164 increasing their positions, 59 reducing their positions, and 32 closing their positions.
600% more funds holding in top 10
Funds holding in top 10: 1 → 7 (+6)
228% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 32
212% more call options, than puts
Call options by funds: $15.6M | Put options by funds: $5.01M
178% more repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 59
113% more capital invested
Capital invested by funds: $2.57B → $5.48B (+$2.91B)
25% more funds holding
Funds holding: 285 → 357 (+72)
8.35% less ownership
Funds ownership: 103.61% → 95.26% (-8.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
+$511M |
| 2 |
BlackRock
New York
|
+$275M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$271M |
| 4 |
CCM
Cerberus Capital Management
New York
|
+$199M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$170M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Anomaly Capital Management
New York
|
-$45.5M |
| 2 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$38.4M |
| 3 |
Jennison Associates
New York
|
-$30M |
| 4 |
Renaissance Technologies
New York
|
-$28.6M |
| 5 |
Two Sigma Investments
New York
|
-$21.2M |
PTEN Hedge Fund Activity: Q3 2023 in Review
357 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2023, worth a combined $5.48B — up 113% from $2.57B a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new PTEN positions and 32 closed out — a net gain of 73 holders — while 164 added to existing stakes and 59 trimmed.
The largest buyer was Blackstone Inc, opening a new position worth an estimated $511M. The largest seller was Anomaly Capital Management, cutting an estimated $45.5M.
- 357 institutional investors held Patterson-UTI (PTEN) as of Q3 2023, up from 285 in Q2 2023.
- Funds reported $5.48B of Patterson-UTI stock for Q3 2023, up 113% quarter-over-quarter.
- 105 funds opened new Patterson-UTI positions in Q3 2023 and 32 closed out, a net change of +73 holders.
- The largest Patterson-UTI buyer in Q3 2023 was Blackstone Inc, an estimated $511M added.
- The largest Patterson-UTI seller in Q3 2023 was Anomaly Capital Management, an estimated $45.5M sold.
Based on aggregated 13F filings for Q3 2023.