Patterson-UTI
PTEN
366 hedge funds and large institutions have $4.65B invested in Patterson-UTI in 2024 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 125 increasing their positions, 129 reducing their positions, and 56 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
27% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 56
9% more capital invested
Capital invested by funds: $4.28B → $4.65B (+$364M)
2% more funds holding
Funds holding: 359 → 366 (+7)
0.34% more ownership
Funds ownership: 95% → 95.34% (+0.34%)
3% less repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 129
93% less call options, than puts
Call options by funds: $16.3M | Put options by funds: $236M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Channing Capital Management
Chicago,
Illinois
|
+$56.6M |
| 2 |
Morgan Stanley
New York
|
+$40.3M |
| 3 |
Jane Street
New York
|
+$35M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$23.9M |
| 5 |
WCCM
Webs Creek Capital Management
Dallas,
Texas
|
+$22.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cerberus Capital Management
New York
|
-$147M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$104M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$52.9M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$36.9M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$19.9M |
PTEN Hedge Fund Activity: Q1 2024 in Review
366 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2024, worth a combined $4.65B — up 8.5% from $4.28B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new PTEN positions and 56 closed out — a net gain of 15 holders — while 125 added to existing stakes and 129 trimmed.
The largest buyer was Channing Capital Management, opening a new position worth an estimated $56.6M. The largest seller was Cerberus Capital Management, exiting entirely with an estimated $147M sold.
- 366 institutional investors held Patterson-UTI (PTEN) as of Q1 2024, up from 359 in Q4 2023.
- Funds reported $4.65B of Patterson-UTI stock for Q1 2024, up 8.5% quarter-over-quarter.
- 71 funds opened new Patterson-UTI positions in Q1 2024 and 56 closed out, a net change of +15 holders.
- The largest Patterson-UTI buyer in Q1 2024 was Channing Capital Management, an estimated $56.6M added.
- The largest Patterson-UTI seller in Q1 2024 was Cerberus Capital Management, an estimated $147M sold.
Based on aggregated 13F filings for Q1 2024.