Patterson-UTI
PTEN
233 hedge funds and large institutions have $695M invested in Patterson-UTI in 2020 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 79 increasing their positions, 91 reducing their positions, and 63 closing their positions.
2,145% more call options, than puts
Call options by funds: $13.3M | Put options by funds: $593K
47% more capital invested
Capital invested by funds: $474M → $695M (+$221M)
2.04% more ownership
Funds ownership: 105.17% → 107.21% (+2%)
9% less funds holding
Funds holding: 257 → 233 (-24)
13% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 91
38% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$15.1M |
| 2 |
Millennium Management
New York
|
+$12.4M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$10.3M |
| 4 |
KBG
Kahn Brothers Group
New York
|
+$9.71M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$9.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$20.1M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$20M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$18.2M |
| 4 |
JP Morgan Chase
New York
|
-$15.7M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$6.74M |
PTEN Hedge Fund Activity: Q2 2020 in Review
233 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q2 2020, worth a combined $695M — up 47% from $474M a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of PTEN and 39 opened new positions — a net loss of 24 holders — while 91 trimmed existing stakes and 79 added.
The largest buyer was First Trust Advisors, adding an estimated $15.1M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $20.1M.
- 233 institutional investors held Patterson-UTI (PTEN) as of Q2 2020, down from 257 in Q1 2020.
- Funds reported $695M of Patterson-UTI stock for Q2 2020, up 47% quarter-over-quarter.
- 39 funds opened new Patterson-UTI positions in Q2 2020 and 63 closed out, a net change of -24 holders.
- The largest Patterson-UTI buyer in Q2 2020 was First Trust Advisors, an estimated $15.1M added.
- The largest Patterson-UTI seller in Q2 2020 was Thrivent Financial for Lutherans, an estimated $20.1M sold.
Based on aggregated 13F filings for Q2 2020.