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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
Janus Henderson Group
126
Janus Henderson Group
United Kingdom
$2.19M +$299K +26,916 +17%
MIM
127
MetLife Investment Management
New Jersey
$2.18M -$39.7K -3,570 -2%
IMRF
128
Illinois Municipal Retirement Fund
Illinois
$2.17M -$230K -20,730 -10%
ISSM
129
Invesco Senior Secured Management
New York
$2.13M
QT
130
Quantbot Technologies
New York
$2.08M +$1.93M +173,857 New
1832 Asset Management
131
1832 Asset Management
Ontario, Canada
$2.07M +$167K +15,000 +9%
PMAM
132
Picton Mahoney Asset Management
Ontario, Canada
$1.99M +$65K +5,852 +4%
HC
133
Hara Capital
Washington
$1.99M +$668K +60,172 +57%
YIH
134
Y-Intercept (HK)
Hong Kong
$1.98M -$414K -37,279 -18%
GS
135
Gagnon Securities
New York
$1.9M +$40.5K +3,643 +2%
LSERS
136
Louisiana State Employees Retirement System
Louisiana
$1.9M -$18.9K -1,700 -1%
TP
137
Third Point
New York
$1.79M +$1.67M +150,000 New
CCS
138
Concentric Capital Strategies
Connecticut
$1.75M +$1.63M +146,637 New
Man Group
139
Man Group
United Kingdom
$1.75M +$1.42M +127,770 +684%
YCM
140
Yousif Capital Management
Michigan
$1.73M -$154K -13,843 -9%
Two Sigma Investments
141
Two Sigma Investments
New York
$1.7M -$8.66M -779,906 -85%
EIP
142
Energy Income Partners
Connecticut
$1.63M +$1.52M +136,907 New
DTL
143
Dynamic Technology Lab
Singapore
$1.56M +$636K +57,247 +78%
State of Tennessee, Department of Treasury
144
State of Tennessee, Department of Treasury
Tennessee
$1.55M -$371K -33,371 -20%
SSA
145
Schonfeld Strategic Advisors
New York
$1.52M +$1.41M +127,230 New
AIM
146
Arcadia Investment Management
Michigan
$1.46M -$520K -46,822 -28%
Los Angeles Capital Management
147
Los Angeles Capital Management
California
$1.43M
AIM
148
ARGA Investment Management
Connecticut
$1.39M +$1.29M +116,460 New
EGM
149
Engineers Gate Manager
New York
$1.39M -$669K -60,234 -34%
TRSOTSOK
150
Teachers Retirement System of the State of Kentucky
Kentucky
$1.33M

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.