Patterson-UTI
PTEN
288 hedge funds and large institutions have $4.57B invested in Patterson-UTI in 2017 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 138 increasing their positions, 79 reducing their positions, and 54 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 79
33% more funds holding in top 10
Funds holding in top 10: 9 → 12 (+3)
7% more capital invested
Capital invested by funds: $4.27B → $4.57B (+$307M)
2.56% more ownership
Funds ownership: 99.7% → 102.26% (+2.6%)
7% less funds holding
Funds holding: 310 → 288 (-22)
37% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 54
51% less call options, than puts
Call options by funds: $12.1M | Put options by funds: $24.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
+$59.5M |
| 2 |
BlackRock
New York
|
+$46.6M |
| 3 |
PC
PointState Capital
New York
|
+$44.2M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$37.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$27.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Assured Investment Management
New York
|
-$76M |
| 2 |
BCM
Brenham Capital Management
Dallas,
Texas
|
-$58.6M |
| 3 |
Millennium Management
New York
|
-$55.4M |
| 4 |
Renaissance Technologies
New York
|
-$28.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$27.7M |
PTEN Hedge Fund Activity: Q3 2017 in Review
288 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2017, worth a combined $4.57B — up 7.2% from $4.27B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of PTEN and 34 opened new positions — a net loss of 20 holders — while 79 trimmed existing stakes and 138 added.
The largest buyer was Alyeska Investment Group, opening a new position worth an estimated $59.5M. The largest seller was Assured Investment Management, exiting entirely with an estimated $76M sold.
- 288 institutional investors held Patterson-UTI (PTEN) as of Q3 2017, down from 310 in Q2 2017.
- Funds reported $4.57B of Patterson-UTI stock for Q3 2017, up 7.2% quarter-over-quarter.
- 34 funds opened new Patterson-UTI positions in Q3 2017 and 54 closed out, a net change of -20 holders.
- The largest Patterson-UTI buyer in Q3 2017 was Alyeska Investment Group, an estimated $59.5M added.
- The largest Patterson-UTI seller in Q3 2017 was Assured Investment Management, an estimated $76M sold.
Based on aggregated 13F filings for Q3 2017.