Patterson-UTI
PTEN
287 hedge funds and large institutions have $3.29B invested in Patterson-UTI in 2016 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 99 increasing their positions, 98 reducing their positions, and 27 closing their positions.
84% more call options, than puts
Call options by funds: $82.8M | Put options by funds: $45.1M
81% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 27
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
7% more funds holding
Funds holding: 268 → 287 (+19)
1% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 98
7.09% less ownership
Funds ownership: 111.62% → 104.53% (-7.1%)
28% less capital inflows, than outflows
Capital inflows: $343M | Capital outflows: $475M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$28.6M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$21.8M |
| 3 |
Scout Investments
Kansas City,
Missouri
|
+$19.5M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$19.1M |
| 5 |
Waddell & Reed Financial
Overland Park,
Kansas
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
-$66.4M |
| 2 |
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$57.5M |
| 3 |
UBS O'Connor
Chicago,
Illinois
|
-$32.2M |
| 4 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$30.2M |
| 5 |
Bank of New York Mellon
New York
|
-$23.6M |
PTEN Hedge Fund Activity: Q2 2016 in Review
287 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q2 2016, worth a combined $3.29B — up 14% from $2.9B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new PTEN positions and 27 closed out — a net gain of 22 holders — while 99 added to existing stakes and 98 trimmed.
The largest buyer was Invesco, adding an estimated $28.6M. The largest seller was Kiltearn Partners, cutting an estimated $66.4M.
- 287 institutional investors held Patterson-UTI (PTEN) as of Q2 2016, up from 268 in Q1 2016.
- Funds reported $3.29B of Patterson-UTI stock for Q2 2016, up 14% quarter-over-quarter.
- 49 funds opened new Patterson-UTI positions in Q2 2016 and 27 closed out, a net change of +22 holders.
- The largest Patterson-UTI buyer in Q2 2016 was Invesco, an estimated $28.6M added.
- The largest Patterson-UTI seller in Q2 2016 was Kiltearn Partners, an estimated $66.4M sold.
Based on aggregated 13F filings for Q2 2016.