Patterson-UTI
PTEN
274 hedge funds and large institutions have $3.68B invested in Patterson-UTI in 2016 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 109 increasing their positions, 97 reducing their positions, and 47 closing their positions.
102% more call options, than puts
Call options by funds: $60.9M | Put options by funds: $30.2M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
12% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 97
10% more capital invested
Capital invested by funds: $3.35B → $3.68B (+$334M)
5% less funds holding
Funds holding: 287 → 274 (-13)
23% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$124M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$59.8M |
| 3 |
VanEck Associates
New York
|
+$59.7M |
| 4 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$36.1M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$45.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$39.3M |
| 3 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
-$32.8M |
| 4 |
Jennison Associates
New York
|
-$26.6M |
| 5 |
DIA
Denver Investment Advisors
Denver,
Colorado
|
-$16.5M |
PTEN Hedge Fund Activity: Q3 2016 in Review
274 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2016, worth a combined $3.68B — up 10% from $3.35B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of PTEN and 36 opened new positions — a net loss of 11 holders — while 97 trimmed existing stakes and 109 added.
The largest buyer was AJO LP, opening a new position worth an estimated $124M. The largest seller was Macquarie Group, cutting an estimated $45.9M.
- 274 institutional investors held Patterson-UTI (PTEN) as of Q3 2016, down from 287 in Q2 2016.
- Funds reported $3.68B of Patterson-UTI stock for Q3 2016, up 10% quarter-over-quarter.
- 36 funds opened new Patterson-UTI positions in Q3 2016 and 47 closed out, a net change of -11 holders.
- The largest Patterson-UTI buyer in Q3 2016 was AJO LP, an estimated $124M added.
- The largest Patterson-UTI seller in Q3 2016 was Macquarie Group, an estimated $45.9M sold.
Based on aggregated 13F filings for Q3 2016.