Patterson-UTI
PTEN
268 hedge funds and large institutions have $2.9B invested in Patterson-UTI in 2016 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 104 increasing their positions, 96 reducing their positions, and 31 closing their positions.
62% more call options, than puts
Call options by funds: $70M | Put options by funds: $43.3M
16% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 31
15% more capital invested
Capital invested by funds: $2.52B → $2.9B (+$375M)
2% more funds holding
Funds holding: 264 → 268 (+4)
8% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 96
1.89% less ownership
Funds ownership: 113.51% → 111.62% (-1.9%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
+$48.1M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$30.1M |
| 3 |
RIM
Rainier Investment Management
Seattle,
Washington
|
+$15.2M |
| 4 |
ACM
Arosa Capital Management
Miami Beach,
Florida
|
+$14.6M |
| 5 |
Ninety One (UK)
London,
United Kingdom
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IIM
Ivory Investment Management
New York
|
-$51.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$42M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$39.4M |
| 4 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$25.8M |
| 5 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$18.8M |
PTEN Hedge Fund Activity: Q1 2016 in Review
268 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2016, worth a combined $2.9B — up 15% from $2.52B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new PTEN positions and 31 closed out — a net gain of 5 holders — while 104 added to existing stakes and 96 trimmed.
The largest buyer was Dimensional Fund Advisors, adding an estimated $48.1M. The largest seller was Ivory Investment Management, exiting entirely with an estimated $51.7M sold.
- 268 institutional investors held Patterson-UTI (PTEN) as of Q1 2016, up from 264 in Q4 2015.
- Funds reported $2.9B of Patterson-UTI stock for Q1 2016, up 15% quarter-over-quarter.
- 36 funds opened new Patterson-UTI positions in Q1 2016 and 31 closed out, a net change of +5 holders.
- The largest Patterson-UTI buyer in Q1 2016 was Dimensional Fund Advisors, an estimated $48.1M added.
- The largest Patterson-UTI seller in Q1 2016 was Ivory Investment Management, an estimated $51.7M sold.
Based on aggregated 13F filings for Q1 2016.