Patterson-UTI
PTEN
270 hedge funds and large institutions have $2.32B invested in Patterson-UTI in 2014 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 101 increasing their positions, 95 reducing their positions, and 96 closing their positions.
34% more call options, than puts
Call options by funds: $50.2M | Put options by funds: $37.5M
6% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 95
18% less funds holding
Funds holding: 329 → 270 (-59)
47% less capital invested
Capital invested by funds: $4.39B → $2.32B (-$2.07B)
55% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 96
88% less funds holding in top 10
Funds holding in top 10: 8 → 1 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$256M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$54.1M |
| 3 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
+$47.2M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$36.6M |
| 5 |
PP
Prudential plc
London, England,
United Kingdom
|
+$36.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$70.3M |
| 2 |
MP
MSD Partners
New York
|
-$63.3M |
| 3 |
VAM
Visium Asset Management
New York
|
-$49.1M |
| 4 |
CCI
Columbus Circle Investors
|
-$44.5M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$40.4M |
PTEN Hedge Fund Activity: Q4 2014 in Review
270 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q4 2014, worth a combined $2.32B — down 47% from $4.39B a quarter earlier.
Sellers outnumbered buyers: 96 funds closed out of PTEN and 43 opened new positions — a net loss of 53 holders — while 95 trimmed existing stakes and 101 added.
The largest buyer was Wellington Management Group, adding an estimated $256M. The largest seller was Millennium Management, cutting an estimated $70.3M.
- 270 institutional investors held Patterson-UTI (PTEN) as of Q4 2014, down from 329 in Q3 2014.
- Funds reported $2.32B of Patterson-UTI stock for Q4 2014, down 47% quarter-over-quarter.
- 43 funds opened new Patterson-UTI positions in Q4 2014 and 96 closed out, a net change of -53 holders.
- The largest Patterson-UTI buyer in Q4 2014 was Wellington Management Group, an estimated $256M added.
- The largest Patterson-UTI seller in Q4 2014 was Millennium Management, an estimated $70.3M sold.
Based on aggregated 13F filings for Q4 2014.