Patterson-UTI
PTEN
359 hedge funds and large institutions have $4.28B invested in Patterson-UTI in 2023 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 123 increasing their positions, 125 reducing their positions, and 57 closing their positions.
7% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 57
1% more funds holding
Funds holding: 357 → 359 (+2)
0.26% less ownership
Funds ownership: 95.26% → 95% (-0.26%)
2% less repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 125
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
22% less capital invested
Capital invested by funds: $5.48B → $4.28B (-$1.2B)
90% less call options, than puts
Call options by funds: $16.6M | Put options by funds: $170M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$50.5M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$40.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$32.2M |
| 4 |
SCM
SIR Capital Management
New York
|
+$29.4M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$25.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$92.9M |
| 2 |
Blackstone Inc
New York
|
-$75.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$48.2M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$40.8M |
| 5 |
ACM
Anomaly Capital Management
New York
|
-$40.2M |
PTEN Hedge Fund Activity: Q4 2023 in Review
359 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q4 2023, worth a combined $4.28B — down 22% from $5.48B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new PTEN positions and 57 closed out — a net gain of 4 holders — while 123 added to existing stakes and 125 trimmed.
The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $50.5M. The largest seller was T. Rowe Price Investment Management, exiting entirely with an estimated $92.9M sold.
- 359 institutional investors held Patterson-UTI (PTEN) as of Q4 2023, up from 357 in Q3 2023.
- Funds reported $4.28B of Patterson-UTI stock for Q4 2023, down 22% quarter-over-quarter.
- 61 funds opened new Patterson-UTI positions in Q4 2023 and 57 closed out, a net change of +4 holders.
- The largest Patterson-UTI buyer in Q4 2023 was Balyasny Asset Management, an estimated $50.5M added.
- The largest Patterson-UTI seller in Q4 2023 was T. Rowe Price Investment Management, an estimated $92.9M sold.
Based on aggregated 13F filings for Q4 2023.