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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
ProShare Advisors
176
ProShare Advisors
Maryland
$843K +$53.7K +4,835 +7%
Envestnet Asset Management
177
Envestnet Asset Management
Illinois
$838K -$159K -14,289 -17%
COPPSERS
178
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$828K +$578 +52 +0.1%
PNC Financial Services Group
179
PNC Financial Services Group
Pennsylvania
$792K +$71.5K +6,439 +11%
VPIM
180
Vanguard Personalized Indexing Management
California
$778K +$168K +15,084 +30%
CHAM
181
Clear Harbor Asset Management
Connecticut
$774K +$2.22K +200 +0.3%
Corient Private Wealth
182
Corient Private Wealth
Florida
$772K +$440K +39,628 +153%
PA
183
Profund Advisors
Maryland
$768K +$44.2K +3,976 +7%
Walleye Capital
184
Walleye Capital
New York
$717K +$667K +60,074 New
Nisa Investment Advisors
185
Nisa Investment Advisors
Missouri
$691K +$77.5K +6,978 +14%
MOACM
186
Mutual of America Capital Management
New York
$661K -$9.83K -885 -2%
VAM
187
Verity Asset Management
North Carolina
$649K +$185K +16,665 +44%
KTA
188
Keeley-Teton Advisors
Illinois
$641K
CC
189
Cipher Capital
New York
$636K +$376K +33,816 +174%
PHK
190
Point72 Hong Kong
Hong Kong
$629K -$185K -16,623 -24%
BCM
191
Bayesian Capital Management
New York
$623K +$580K +52,200 New
N
192
Natixis
France
$617K +$574K +51,700 New
Pictet Asset Management
193
Pictet Asset Management
Switzerland
$616K +$92.5K +8,327 +19%
BHCM
194
Brevan Howard Capital Management
Jersey
$607K +$209K +18,785 +59%
Public Employees Retirement Association of Colorado
195
Public Employees Retirement Association of Colorado
Colorado
$591K -$112K -10,042 -17%
Creative Planning
196
Creative Planning
Kansas
$584K +$203K +18,320 +60%
OSAM
197
O'Shaughnessy Asset Management
Connecticut
$553K -$489K -44,021 -49%
CG
198
Clarus Group
Texas
$545K -$5.55K -500 -1%
RC
199
RBF Capital
California
$539K
EF
200
Empirical Finance
Pennsylvania
$522K +$4.12K +371 +0.9%

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.