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Patterson-UTI
PTEN

225 hedge funds and large institutions have $508M invested in Patterson-UTI in 2020 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 63 increasing their positions, 86 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,389% more call options, than puts

Call options by funds: $3.21M | Put options by funds: $129K

3% less funds holding

Funds holding: 233 → 225 (-8)

11.22% less ownership

Funds ownership: 107.21% → 95.99% (-11%)

20% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 35

27% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 86

27% less capital invested

Capital invested by funds: $695M → $508M (-$187M)

Holders
225
Holders Change
-8
Holders Change %
-3.43%
% of All Funds
4.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
28
Increased
63
Reduced
86
Closed
35
Calls
$3.21M
Puts
$129K
Net Calls
+$3.08M
Net Calls Change
-$9.64M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$28.3M
2
Wells Fargo
Wells Fargo
California
+$7.58M
3
KBG
Kahn Brothers Group
New York
+$3.5M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$3.5M
5
Norges Bank
Norges Bank
Norway
+$2.59M

Top Sellers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
-$15.9M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$13.8M
3
Renaissance Technologies
Renaissance Technologies
New York
-$10.9M
4
Millennium Management
Millennium Management
New York
-$10.7M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
-$9.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
TSS
176
Two Sigma Securities
New York
$35K +$45.5K +12,367 New
Janney Montgomery Scott
177
Janney Montgomery Scott
Pennsylvania
$34K +$44.3K +12,051 New
SC
178
Scotia Capital
Ontario, Canada
$33K -$331 -90 -0.8%
E
179
Ergoteles
New York
$32K +$40.8K +11,100 New
HC
180
Henshaw Capital
Massachusetts
$31.3K – – –
TIM
181
Triad Investment Management
California
$31K – – –
Teacher Retirement System of Texas
182
Teacher Retirement System of Texas
Texas
$31K +$40.3K +10,960 New
M&T Bank
183
M&T Bank
New York
$30K -$2.91K -791 -7%
CCP
184
Corient Capital Partners
California
$29K -$3.53K -960 -9%
FIM
185
Fruth Investment Management
Texas
$29K -$736 -200 -2%
SWA
186
Sutton Wealth Advisors
Florida
$17K +$22K +5,980 New
QCG
187
Quadrant Capital Group
Ohio
$17K -$1.14K -310 -5%
S
188
SignatureFD
Georgia
$15K +$699 +190 +4%
VCM
189
Versant Capital Management
Arizona
$15K +$12.7K +3,458 +164%
PCM
190
Prelude Capital Management
New York
$14K -$4.64K -1,263 -21%
Osaic Holdings
191
Osaic Holdings
Arizona
$14K -$861 -234 -5%
PA
192
Parallel Advisors
California
$13K – – –
GT
193
Glenmede Trust
Pennsylvania
$9K +$828 +225 +7%
ASN
194
Advisory Services Network
Georgia
$9K +$12.1K +3,286 New
PAM
195
Panagora Asset Management
Massachusetts
$6K -$15.3K -4,150 -65%
BCA
196
Berman Capital Advisors
Georgia
$6K – – –
CFB
197
Cullen/Frost Bankers
Texas
$6K – – –
PHK
198
Point72 Hong Kong
Hong Kong
$5K -$68K -18,478 -92%
Millennium Management
199
Millennium Management
New York
$4.37K -$10.7M -2,906,447 -65%
GAM
200
Gemmer Asset Management
California
$4K +$1.68K +458 +55%
6 7
8
9 10

PTEN Hedge Fund Activity: Q3 2020 in Review

225 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2020, worth a combined $508M — down 27% from $695M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of PTEN and 28 opened new positions — a net loss of 7 holders — while 86 trimmed existing stakes and 63 added.

The largest buyer was BlackRock, adding an estimated $28.3M. The largest seller was First Trust Advisors, cutting an estimated $15.9M.

  • 225 institutional investors held Patterson-UTI (PTEN) as of Q3 2020, down from 233 in Q2 2020.
  • Funds reported $508M of Patterson-UTI stock for Q3 2020, down 27% quarter-over-quarter.
  • 28 funds opened new Patterson-UTI positions in Q3 2020 and 35 closed out, a net change of -7 holders.
  • The largest Patterson-UTI buyer in Q3 2020 was BlackRock, an estimated $28.3M added.
  • The largest Patterson-UTI seller in Q3 2020 was First Trust Advisors, an estimated $15.9M sold.

Based on aggregated 13F filings for Q3 2020.