We are live on ! Find out more
PTEN icon

Patterson-UTI

368 hedge funds and large institutions have $4.65B invested in Patterson-UTI in 2024 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 125 increasing their positions, 130 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 68 (+2)

29% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 56

7% more capital invested

Capital invested by funds: $4.34B → $4.65B (+$311M)

3% more funds holding

Funds holding: 359368 (+9)

0.71% less ownership

Funds ownership: 96.19%95.48% (-0.71%)

4% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 130

93% less call options, than puts

Call options by funds: $16.3M | Put options by funds: $236M

Holders
368
Holders Change
+9
Holders Change %
+2.51%
% of All Funds
5.3%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
72
Increased
125
Reduced
130
Closed
56
Calls
$16.3M
Puts
$236M
Net Calls
-$220M
Net Calls Change
-$66.4M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$657M -$5.82M -523,586 -0.9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$556M +$17.3M +1,554,020 +3%
Blackstone Inc
3
Blackstone Inc
New York
$343M
Macquarie Group
4
Macquarie Group
Australia
$203M +$12.3M +1,104,398 +7%
State Street
5
State Street
Massachusetts
$165M +$767K +69,093 +0.5%
Citadel Advisors
6
Citadel Advisors
Florida
$143M -$10.3M -925,099 -7%
Morgan Stanley
7
Morgan Stanley
New York
$125M -$35.4M -3,184,068 -23%
Fuller & Thaler Asset Management
8
Fuller & Thaler Asset Management
California
$110M +$18.8M +1,694,194 +22%
VanEck Associates
9
VanEck Associates
New York
$93.7M -$7.28M -655,725 -8%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$92.3M +$2.13M +191,669 +3%
Point72 Asset Management
11
Point72 Asset Management
Connecticut
$89.9M +$23.9M +2,150,012 +40%
Allspring Global Investments
12
Allspring Global Investments
North Carolina
$87.2M +$7.81M +703,536 +11%
Bank of America
13
Bank of America
North Carolina
$83M -$3.61M -324,625 -4%
Norges Bank
14
Norges Bank
Norway
$73.1M +$21.8M +1,959,976 +47%
Goldman Sachs
15
Goldman Sachs
New York
$72.7M +$18.9M +1,698,258 +39%
Invesco
16
Invesco
Georgia
$65.4M +$9.59M +863,403 +19%
DRZID
17
DePrince Race & Zollo Inc (DRZ)
Florida
$63.2M +$3.03M +272,972 +5%
CCM
18
Channing Capital Management
Illinois
$60.8M +$56.6M +5,096,239 New
Fisher Asset Management
19
Fisher Asset Management
Washington
$59.1M -$125K -11,267 -0.2%
Principal Financial Group
20
Principal Financial Group
Iowa
$58.9M -$150K -13,502 -0.3%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$57.3M -$104M -9,325,766 -66%
Charles Schwab
22
Charles Schwab
California
$55.9M -$1.15M -103,844 -2%
Ameriprise
23
Ameriprise
Minnesota
$50.8M +$6.06M +545,348 +15%
Northern Trust
24
Northern Trust
Illinois
$47.6M +$1.05M +94,144 +2%
Jane Street
25
Jane Street
New York
$46.7M +$35M +3,147,538 +413%

PTEN Hedge Fund Activity: Q1 2024 in Review

368 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q1 2024, worth a combined $4.65B — up 7.2% from $4.34B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new PTEN positions and 56 closed out — a net gain of 16 holders — while 125 added to existing stakes and 130 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.

  • 368 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 7.2% quarter-over-quarter.
  • 72 funds opened new Patterson-UTI positions in Q1 2024 and 56 closed out, a net change of +16 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.