Patterson-UTI
PTEN
314 hedge funds and large institutions have $4.2B invested in Patterson-UTI in 2014 Q1 according to their latest regulatory filings, with 77 funds opening new positions, 73 increasing their positions, 124 reducing their positions, and 34 closing their positions.
126% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 34
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
21% more capital invested
Capital invested by funds: $3.46B → $4.2B (+$731M)
15% more funds holding
Funds holding: 274 → 314 (+40)
3.16% less ownership
Funds ownership: 94.83% → 91.67% (-3.2%)
21% less call options, than puts
Call options by funds: $16.2M | Put options by funds: $20.6M
41% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 124
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$60.4M |
| 2 |
Two Sigma Investments
New York
|
+$56.7M |
| 3 |
CCI
Columbus Circle Investors
|
+$37.9M |
| 4 |
SI
Scout Investments
Kansas City,
Missouri
|
+$32.9M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
-$176M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$102M |
| 3 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
-$73.4M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$50.9M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$49.1M |
PTEN Hedge Fund Activity: Q1 2014 in Review
314 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2014, worth a combined $4.2B — up 21% from $3.46B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new PTEN positions and 34 closed out — a net gain of 43 holders — while 73 added to existing stakes and 124 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $60.4M. The largest seller was Herndon Capital Management, exiting entirely with an estimated $176M sold.
- 314 institutional investors held Patterson-UTI (PTEN) as of Q1 2014, up from 274 in Q4 2013.
- Funds reported $4.2B of Patterson-UTI stock for Q1 2014, up 21% quarter-over-quarter.
- 77 funds opened new Patterson-UTI positions in Q1 2014 and 34 closed out, a net change of +43 holders.
- The largest Patterson-UTI buyer in Q1 2014 was Principal Financial Group, an estimated $60.4M added.
- The largest Patterson-UTI seller in Q1 2014 was Herndon Capital Management, an estimated $176M sold.
Based on aggregated 13F filings for Q1 2014.