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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
CI
151
CX Institutional
Indiana
$1.33M +$1.24M +111,369 New
NI
152
NYL Investors
New York
$1.32M
MSRPS
153
Maryland State Retirement & Pension System
Maryland
$1.31M -$11.1K -997 -0.9%
ASRS
154
Arizona State Retirement System
Arizona
$1.23M +$41.4K +3,727 +4%
AB
155
Amalgamated Bank
New York
$1.23M -$253K -22,751 -18%
TAM
156
Titleist Asset Management
Texas
$1.22M +$695K +62,575 +158%
Ensign Peak Advisors
157
Ensign Peak Advisors
Utah
$1.21M -$56.9K -5,125 -5%
WAM
158
Weiss Asset Management
Massachusetts
$1.21M +$1.13M +101,400 New
VFM
159
Viking Fund Management
North Dakota
$1.19M -$2.89M -260,000 -72%
ECG
160
Edge Capital Group
Georgia
$1.16M
Mirae Asset Global Investments
161
Mirae Asset Global Investments
South Korea
$1.16M -$736K -66,247 -40%
PWP
162
Pursue Wealth Partners
California
$1.09M
PD
163
Point72 (DIFC)
United Arab Emirates
$1.05M +$978K +88,007 New
WA
164
WealthTrust Axiom
Pennsylvania
$1.04M +$270K +24,316 +39%
HC
165
Henshaw Capital
Massachusetts
$1.03M
OPERF
166
Oregon Public Employees Retirement Fund
Oregon
$1.03M -$88.9K -8,000 -9%
SI
167
Symmetry Investments
Jersey
$1.01M -$4.51M -406,349 -83%
LCM
168
Landscape Capital Management
New Jersey
$1.01M +$936K +84,221 New
UM
169
UniSuper Management
Australia
$990K +$921K +82,953 New
CC
170
Centiva Capital
New York
$979K +$683K +61,461 +300%
CM
171
CastleKnight Management
New York
$958K +$498K +44,800 +126%
State Board of Administration of Florida Retirement System
172
State Board of Administration of Florida Retirement System
Florida
$935K -$463K -41,718 -34%
GI
173
GAMCO Investors
Connecticut
$933K +$5.23K +471 +0.6%
Zurich Cantonal Bank
174
Zurich Cantonal Bank
Switzerland
$863K -$201K -18,078 -20%
Walleye Trading
175
Walleye Trading
New York
$850K +$274K +24,633 +53%

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.