Patterson-UTI
PTEN
267 hedge funds and large institutions have $3.37B invested in Patterson-UTI in 2022 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 90 increasing their positions, 104 reducing their positions, and 38 closing their positions.
2.34% more ownership
Funds ownership: 96.6% → 98.94% (+2.3%)
5% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 38
4% more capital invested
Capital invested by funds: $3.24B → $3.37B (+$134M)
1% less funds holding
Funds holding: 271 → 267 (-4)
13% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 104
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
69% less call options, than puts
Call options by funds: $13.6M | Put options by funds: $44.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Anomaly Capital Management
New York
|
+$95.6M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$70.6M |
| 3 |
BlackRock
New York
|
+$58.1M |
| 4 |
SIG
Senator Investment Group
New York
|
+$38.6M |
| 5 |
Morgan Stanley
New York
|
+$37.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$56.1M |
| 2 |
VanEck Associates
New York
|
-$48.5M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$38.9M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$24.2M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$19.5M |
PTEN Hedge Fund Activity: Q2 2022 in Review
267 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q2 2022, worth a combined $3.37B — up 4.1% from $3.24B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new PTEN positions and 38 closed out — a net gain of 2 holders — while 90 added to existing stakes and 104 trimmed.
The largest buyer was Anomaly Capital Management, opening a new position worth an estimated $95.6M. The largest seller was Millennium Management, cutting an estimated $56.1M.
- 267 institutional investors held Patterson-UTI (PTEN) as of Q2 2022, down from 271 in Q1 2022.
- Funds reported $3.37B of Patterson-UTI stock for Q2 2022, up 4.1% quarter-over-quarter.
- 40 funds opened new Patterson-UTI positions in Q2 2022 and 38 closed out, a net change of +2 holders.
- The largest Patterson-UTI buyer in Q2 2022 was Anomaly Capital Management, an estimated $95.6M added.
- The largest Patterson-UTI seller in Q2 2022 was Millennium Management, an estimated $56.1M sold.
Based on aggregated 13F filings for Q2 2022.