Patterson-UTI
PTEN
305 hedge funds and large institutions have $3.42B invested in Patterson-UTI in 2022 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 111 increasing their positions, 102 reducing their positions, and 27 closing their positions.
96% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 27
39% more capital invested
Capital invested by funds: $2.46B → $3.42B (+$955M)
7% more funds holding
Funds holding: 285 → 305 (+20)
9% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 102
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.62% less ownership
Funds ownership: 97.29% → 93.67% (-3.6%)
28% less call options, than puts
Call options by funds: $19.2M | Put options by funds: $26.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$30.5M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$21.9M |
| 3 |
BlackRock
New York
|
+$13.8M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$13.6M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Anomaly Capital Management
New York
|
-$31.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$26M |
| 3 |
CM
Castleark Management
Chicago,
Illinois
|
-$12M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$10.5M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$7.82M |
PTEN Hedge Fund Activity: Q4 2022 in Review
305 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q4 2022, worth a combined $3.42B — up 39% from $2.46B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new PTEN positions and 27 closed out — a net gain of 26 holders — while 111 added to existing stakes and 102 trimmed.
The largest buyer was Millennium Management, adding an estimated $30.5M. The largest seller was Anomaly Capital Management, cutting an estimated $31.3M.
- 305 institutional investors held Patterson-UTI (PTEN) as of Q4 2022, up from 285 in Q3 2022.
- Funds reported $3.42B of Patterson-UTI stock for Q4 2022, up 39% quarter-over-quarter.
- 53 funds opened new Patterson-UTI positions in Q4 2022 and 27 closed out, a net change of +26 holders.
- The largest Patterson-UTI buyer in Q4 2022 was Millennium Management, an estimated $30.5M added.
- The largest Patterson-UTI seller in Q4 2022 was Anomaly Capital Management, an estimated $31.3M sold.
Based on aggregated 13F filings for Q4 2022.