Patterson-UTI
PTEN
437 hedge funds and large institutions have $3.94B invested in Patterson-UTI in 2026 Q2 according to their latest regulatory filings, with 86 funds opening new positions, 176 increasing their positions, 112 reducing their positions, and 56 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 112
54% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 56
6% more funds holding
Funds holding: 414 → 437 (+23)
1.11% more ownership
Funds ownership: 111.79% → 112.9% (+1.1%)
5% more call options, than puts
Call options by funds: $20.6M | Put options by funds: $19.7M
14% less capital invested
Capital invested by funds: $4.59B → $3.94B (-$659M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
+$66.1M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$55.6M |
| 3 |
CCPM
Cooper Creek Partners Management
New York
|
+$43.7M |
| 4 |
Renaissance Technologies
New York
|
+$42.7M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$31.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$56.2M |
| 2 |
MAM
Monaco Asset Management
Monaco
|
-$50.3M |
| 3 |
Millennium Management
New York
|
-$49.1M |
| 4 |
MIM
Merewether Investment Management
Dallas,
Texas
|
-$32.5M |
| 5 |
Holocene Advisors
New York
|
-$31M |
PTEN Hedge Fund Activity: Q2 2026 in Review
437 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Patterson-UTI (PTEN) for Q2 2026, worth a combined $3.94B — down 14% from $4.59B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new PTEN positions and 56 closed out — a net gain of 30 holders — while 176 added to existing stakes and 112 trimmed.
The largest buyer was Encompass Capital Advisors, opening a new position worth an estimated $66.1M. The largest seller was Blackstone Inc, cutting an estimated $56.2M.
- 437 institutional investors held Patterson-UTI (PTEN) as of Q2 2026, up from 414 in Q1 2026.
- Funds reported $3.94B of Patterson-UTI stock for Q2 2026, down 14% quarter-over-quarter.
- 86 funds opened new Patterson-UTI positions in Q2 2026 and 56 closed out, a net change of +30 holders.
- The largest Patterson-UTI buyer in Q2 2026 was Encompass Capital Advisors, an estimated $66.1M added.
- The largest Patterson-UTI seller in Q2 2026 was Blackstone Inc, an estimated $56.2M sold.
Based on aggregated 13F filings for Q2 2026.