Patterson-UTI
PTEN
317 hedge funds and large institutions have $2.16B invested in Patterson-UTI in 2018 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 103 increasing their positions, 116 reducing their positions, and 56 closing their positions.
20% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 56
3% more funds holding
Funds holding: 307 → 317 (+10)
0.84% more ownership
Funds ownership: 95.06% → 95.9% (+0.84%)
0% more call options, than puts
Call options by funds: $8.05M | Put options by funds: $8.01M
11% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 116
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
40% less capital invested
Capital invested by funds: $3.58B → $2.16B (-$1.42B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
+$57M |
| 2 |
Millennium Management
New York
|
+$42.4M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$25.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$23.9M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
-$78.1M |
| 2 |
AIM
Assured Investment Management
New York
|
-$47.6M |
| 3 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$41.6M |
| 4 |
CI Investments Inc
Toronto,
Ontario, Canada
|
-$34.3M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$29M |
PTEN Hedge Fund Activity: Q4 2018 in Review
317 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q4 2018, worth a combined $2.16B — down 40% from $3.58B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new PTEN positions and 56 closed out — a net gain of 11 holders — while 103 added to existing stakes and 116 trimmed.
The largest buyer was KGH Ltd, adding an estimated $57M. The largest seller was Viking Global Investors, exiting entirely with an estimated $78.1M sold.
- 317 institutional investors held Patterson-UTI (PTEN) as of Q4 2018, up from 307 in Q3 2018.
- Funds reported $2.16B of Patterson-UTI stock for Q4 2018, down 40% quarter-over-quarter.
- 67 funds opened new Patterson-UTI positions in Q4 2018 and 56 closed out, a net change of +11 holders.
- The largest Patterson-UTI buyer in Q4 2018 was KGH Ltd, an estimated $57M added.
- The largest Patterson-UTI seller in Q4 2018 was Viking Global Investors, an estimated $78.1M sold.
Based on aggregated 13F filings for Q4 2018.