Patterson-UTI
PTEN
278 hedge funds and large institutions have $2.3B invested in Patterson-UTI in 2019 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 91 increasing their positions, 118 reducing their positions, and 55 closing their positions.
0.07% more ownership
Funds ownership: 95.82% → 95.89% (+0.07%)
8% less funds holding
Funds holding: 303 → 278 (-25)
20% less capital invested
Capital invested by funds: $2.87B → $2.3B (-$567M)
23% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 118
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
38% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 55
82% less call options, than puts
Call options by funds: $2.21M | Put options by funds: $12.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$38.1M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$12.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.8M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$11M |
| 5 |
Millennium Management
New York
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$50.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$23M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$22.6M |
| 4 |
VanEck Associates
New York
|
-$14.8M |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$13.8M |
PTEN Hedge Fund Activity: Q2 2019 in Review
278 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q2 2019, worth a combined $2.3B — down 20% from $2.87B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of PTEN and 34 opened new positions — a net loss of 21 holders — while 118 trimmed existing stakes and 91 added.
The largest buyer was Renaissance Technologies, adding an estimated $38.1M. The largest seller was KGH Ltd, cutting an estimated $50.5M.
- 278 institutional investors held Patterson-UTI (PTEN) as of Q2 2019, down from 303 in Q1 2019.
- Funds reported $2.3B of Patterson-UTI stock for Q2 2019, down 20% quarter-over-quarter.
- 34 funds opened new Patterson-UTI positions in Q2 2019 and 55 closed out, a net change of -21 holders.
- The largest Patterson-UTI buyer in Q2 2019 was Renaissance Technologies, an estimated $38.1M added.
- The largest Patterson-UTI seller in Q2 2019 was KGH Ltd, an estimated $50.5M sold.
Based on aggregated 13F filings for Q2 2019.