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Patterson-UTI

268 hedge funds and large institutions have $1.76B invested in Patterson-UTI in 2019 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 81 increasing their positions, 106 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.5% more ownership

Funds ownership: 95.89%101.38% (+5.5%)

4% less funds holding

Funds holding: 278268 (-10)

15% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 53

24% less repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 106

24% less capital invested

Capital invested by funds: $2.3B → $1.76B (-$548M)

75% less funds holding in top 10

Funds holding in top 10: 41 (-3)

77% less call options, than puts

Call options by funds: $2.65M | Put options by funds: $11.7M

Holders
268
Holders Change
-10
Holders Change %
-3.6%
% of All Funds
5.88%
Holding in Top 10
1
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-75%
% of All Funds
0.02%
New
45
Increased
81
Reduced
106
Closed
53
Calls
$2.65M
Puts
$11.7M
Net Calls
-$9.04M
Net Calls Change
+$1.11M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$166M -$2.48M -253,399 -1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$154M -$11.4M -1,162,958 -6%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$116M +$5.57M +567,503 +4%
Massachusetts Financial Services
4
Massachusetts Financial Services
Massachusetts
$85.1M +$30.1M +3,069,809 +45%
Renaissance Technologies
5
Renaissance Technologies
New York
$84.1M +$32.9M +3,358,100 +52%
JP Morgan Chase
6
JP Morgan Chase
New York
$79M +$8.44M +861,113 +10%
Wells Fargo
7
Wells Fargo
California
$60.1M +$4.76M +485,573 +7%
Macquarie Group
8
Macquarie Group
Australia
$59.4M -$2.05M -208,554 -3%
AllianceBernstein
9
AllianceBernstein
Tennessee
$54.3M +$1.52M +155,467 +3%
Fuller & Thaler Asset Management
10
Fuller & Thaler Asset Management
California
$51.4M +$2.86M +292,084 +5%
State Street
11
State Street
Massachusetts
$49.6M -$782K -79,729 -1%
Thrivent Financial for Lutherans
12
Thrivent Financial for Lutherans
Minnesota
$47.4M +$12.7M +1,299,533 +31%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$41.4M +$1.99M +202,575 +4%
AQR Capital Management
14
AQR Capital Management
Connecticut
$38.9M -$20.7M -2,110,038 -31%
Ameriprise
15
Ameriprise
Minnesota
$28.3M +$6.04M +616,260 +23%
VanEck Associates
16
VanEck Associates
New York
$26.7M -$9.17M -934,985 -23%
SI
17
Scout Investments
Missouri
$26M +$12.8M +1,302,984 +75%
Millennium Management
18
Millennium Management
New York
$23.2M -$5M -509,751 -16%
KBG
19
Kahn Brothers Group
New York
$23.1M +$7.2M +733,883 +37%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$19.6M -$702K -71,591 -3%
CTA
21
Carillon Tower Advisers
Florida
$17.8M +$8.71M +887,790 +75%
Bank of America
22
Bank of America
North Carolina
$16.6M +$121K +12,373 +0.6%
Fidelity Investments
23
Fidelity Investments
Massachusetts
$16.3M +$6.68M +681,050 +55%
Norges Bank
24
Norges Bank
Norway
$16.3M +$4.67M +476,533 +33%
Northern Trust
25
Northern Trust
Illinois
$14.1M -$1.03M -104,855 -6%

PTEN Hedge Fund Activity: Q3 2019 in Review

268 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2019, worth a combined $1.76B — down 24% from $2.3B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of PTEN and 45 opened new positions — a net loss of 8 holders — while 106 trimmed existing stakes and 81 added.

The largest buyer was Renaissance Technologies, adding an estimated $32.9M. The largest seller was STRS Ohio, exiting entirely with an estimated $23M sold.

  • 268 institutional investors held Patterson-UTI (PTEN) as of Q3 2019, down from 278 in Q2 2019.
  • Funds reported $1.76B of Patterson-UTI stock for Q3 2019, down 24% quarter-over-quarter.
  • 45 funds opened new Patterson-UTI positions in Q3 2019 and 53 closed out, a net change of -8 holders.
  • The largest Patterson-UTI buyer in Q3 2019 was Renaissance Technologies, an estimated $32.9M added.
  • The largest Patterson-UTI seller in Q3 2019 was STRS Ohio, an estimated $23M sold.

Based on aggregated 13F filings for Q3 2019.