Patterson-UTI
PTEN
303 hedge funds and large institutions have $2.88B invested in Patterson-UTI in 2019 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 93 increasing their positions, 128 reducing their positions, and 51 closing their positions.
33% more capital invested
Capital invested by funds: $2.16B → $2.88B (+$718M)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
0.16% more ownership
Funds ownership: 95.9% → 96.06% (+0.16%)
4% less funds holding
Funds holding: 317 → 303 (-14)
19% less call options, than puts
Call options by funds: $3.13M | Put options by funds: $3.87M
20% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 51
27% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 128
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$42.4M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$41.7M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$32.3M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$22.8M |
| 5 |
SI
Scout Investments
Kansas City,
Missouri
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$49.4M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$37.8M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
-$31.1M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$27.5M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$22M |
PTEN Hedge Fund Activity: Q1 2019 in Review
303 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2019, worth a combined $2.88B — up 33% from $2.16B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of PTEN and 41 opened new positions — a net loss of 10 holders — while 128 trimmed existing stakes and 93 added.
The largest buyer was Renaissance Technologies, adding an estimated $42.4M. The largest seller was VanEck Associates, cutting an estimated $49.4M.
- 303 institutional investors held Patterson-UTI (PTEN) as of Q1 2019, down from 317 in Q4 2018.
- Funds reported $2.88B of Patterson-UTI stock for Q1 2019, up 33% quarter-over-quarter.
- 41 funds opened new Patterson-UTI positions in Q1 2019 and 51 closed out, a net change of -10 holders.
- The largest Patterson-UTI buyer in Q1 2019 was Renaissance Technologies, an estimated $42.4M added.
- The largest Patterson-UTI seller in Q1 2019 was VanEck Associates, an estimated $49.4M sold.
Based on aggregated 13F filings for Q1 2019.