Patterson-UTI
PTEN
366 hedge funds and large institutions have $2.96B invested in Patterson-UTI in 2024 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 148 increasing their positions, 114 reducing their positions, and 49 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 114
20% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 49
2% more funds holding
Funds holding: 358 → 366 (+8)
0.52% less ownership
Funds ownership: 98.96% → 98.44% (-0.52%)
20% less capital inflows, than outflows
Capital inflows: $419M | Capital outflows: $526M
78% less funds holding in top 10
Funds holding in top 10: 9 → 2 (-7)
91% less call options, than puts
Call options by funds: $14.4M | Put options by funds: $154M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$48.6M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$44.1M |
| 3 |
BlackRock
New York
|
+$35.2M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$29M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$25.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Channing Capital Management
Chicago,
Illinois
|
-$54.2M |
| 2 |
NP
Ninepoint Partners
Toronto,
Ontario, Canada
|
-$51.8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$46.1M |
| 4 |
Westfield Capital Management
Boston,
Massachusetts
|
-$43.2M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$37.8M |
PTEN Hedge Fund Activity: Q3 2024 in Review
366 of the 6,983 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q3 2024, worth a combined $2.96B — down 28% from $4.12B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new PTEN positions and 49 closed out — a net gain of 10 holders — while 148 added to existing stakes and 114 trimmed.
The largest buyer was Pacer Advisors, adding an estimated $48.6M. The largest seller was Channing Capital Management, cutting an estimated $54.2M.
- 366 institutional investors held Patterson-UTI (PTEN) as of Q3 2024, up from 358 in Q2 2024.
- Funds reported $2.96B of Patterson-UTI stock for Q3 2024, down 28% quarter-over-quarter.
- 59 funds opened new Patterson-UTI positions in Q3 2024 and 49 closed out, a net change of +10 holders.
- The largest Patterson-UTI buyer in Q3 2024 was Pacer Advisors, an estimated $48.6M added.
- The largest Patterson-UTI seller in Q3 2024 was Channing Capital Management, an estimated $54.2M sold.
Based on aggregated 13F filings for Q3 2024.