Patterson-UTI
PTEN
257 hedge funds and large institutions have $474M invested in Patterson-UTI in 2020 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 95 increasing their positions, 83 reducing their positions, and 51 closing their positions.
120% more call options, than puts
Call options by funds: $314K | Put options by funds: $143K
14% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 83
1.58% more ownership
Funds ownership: 103.58% → 105.15% (+1.6%)
4% less funds holding
Funds holding: 267 → 257 (-10)
16% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 51
78% less capital invested
Capital invested by funds: $2.12B → $474M (-$1.64B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$14.8M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$12M |
| 3 |
Two Sigma Advisers
New York
|
+$10.7M |
| 4 |
LM
Luminus Management
Houston,
Texas
|
+$10.6M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$25.5M |
| 2 |
SI
Scout Investments
Kansas City,
Missouri
|
-$19.9M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$15.7M |
| 4 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
-$13.7M |
| 5 |
ClearBridge Investments
New York
|
-$9.53M |
PTEN Hedge Fund Activity: Q1 2020 in Review
257 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2020, worth a combined $474M — down 78% from $2.12B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of PTEN and 43 opened new positions — a net loss of 8 holders — while 83 trimmed existing stakes and 95 added.
The largest buyer was Morgan Stanley, adding an estimated $14.8M. The largest seller was JP Morgan Chase, cutting an estimated $25.5M.
- 257 institutional investors held Patterson-UTI (PTEN) as of Q1 2020, down from 267 in Q4 2019.
- Funds reported $474M of Patterson-UTI stock for Q1 2020, down 78% quarter-over-quarter.
- 43 funds opened new Patterson-UTI positions in Q1 2020 and 51 closed out, a net change of -8 holders.
- The largest Patterson-UTI buyer in Q1 2020 was Morgan Stanley, an estimated $14.8M added.
- The largest Patterson-UTI seller in Q1 2020 was JP Morgan Chase, an estimated $25.5M sold.
Based on aggregated 13F filings for Q1 2020.