Patterson-UTI
PTEN
307 hedge funds and large institutions have $3.58B invested in Patterson-UTI in 2018 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 124 increasing their positions, 112 reducing their positions, and 44 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 112
1.07% less ownership
Funds ownership: 96.12% → 95.06% (-1.1%)
6% less funds holding
Funds holding: 328 → 307 (-21)
7% less capital invested
Capital invested by funds: $3.84B → $3.58B (-$259M)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
41% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 44
67% less call options, than puts
Call options by funds: $4.84M | Put options by funds: $14.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$52M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$33.8M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$23.2M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$21.6M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$16.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$47.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$42.9M |
| 3 |
Jennison Associates
New York
|
-$40.8M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
-$29.7M |
| 5 |
CHP
Castle Hook Partners
New York
|
-$26.9M |
PTEN Hedge Fund Activity: Q3 2018 in Review
307 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2018, worth a combined $3.58B — down 6.8% from $3.84B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of PTEN and 26 opened new positions — a net loss of 18 holders — while 112 trimmed existing stakes and 124 added.
The largest buyer was AllianceBernstein, adding an estimated $52M. The largest seller was Ameriprise, cutting an estimated $47.2M.
- 307 institutional investors held Patterson-UTI (PTEN) as of Q3 2018, down from 328 in Q2 2018.
- Funds reported $3.58B of Patterson-UTI stock for Q3 2018, down 6.8% quarter-over-quarter.
- 26 funds opened new Patterson-UTI positions in Q3 2018 and 44 closed out, a net change of -18 holders.
- The largest Patterson-UTI buyer in Q3 2018 was AllianceBernstein, an estimated $52M added.
- The largest Patterson-UTI seller in Q3 2018 was Ameriprise, an estimated $47.2M sold.
Based on aggregated 13F filings for Q3 2018.