Patterson-UTI
PTEN
324 hedge funds and large institutions have $5.1B invested in Patterson-UTI in 2017 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 114 increasing their positions, 102 reducing their positions, and 27 closing their positions.
188% more call options, than puts
Call options by funds: $13.7M | Put options by funds: $4.74M
137% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 27
17% more funds holding in top 10
Funds holding in top 10: 12 → 14 (+2)
13% more funds holding
Funds holding: 288 → 324 (+36)
12% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 102
12% more capital invested
Capital invested by funds: $4.57B → $5.1B (+$526M)
2.6% less ownership
Funds ownership: 102.26% → 99.67% (-2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$72.1M |
| 2 |
BCM
Brenham Capital Management
Dallas,
Texas
|
+$56M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$53.2M |
| 4 |
BlackRock
New York
|
+$40.2M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$23.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$66.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$66.1M |
| 3 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$43.4M |
| 4 |
ACM
Axar Capital Management
New York
|
-$24.2M |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$23.7M |
PTEN Hedge Fund Activity: Q4 2017 in Review
324 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q4 2017, worth a combined $5.1B — up 12% from $4.57B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new PTEN positions and 27 closed out — a net gain of 37 holders — while 114 added to existing stakes and 102 trimmed.
The largest buyer was Millennium Management, adding an estimated $72.1M. The largest seller was Citadel Advisors, cutting an estimated $66.8M.
- 324 institutional investors held Patterson-UTI (PTEN) as of Q4 2017, up from 288 in Q3 2017.
- Funds reported $5.1B of Patterson-UTI stock for Q4 2017, up 12% quarter-over-quarter.
- 64 funds opened new Patterson-UTI positions in Q4 2017 and 27 closed out, a net change of +37 holders.
- The largest Patterson-UTI buyer in Q4 2017 was Millennium Management, an estimated $72.1M added.
- The largest Patterson-UTI seller in Q4 2017 was Citadel Advisors, an estimated $66.8M sold.
Based on aggregated 13F filings for Q4 2017.