PTEN ranks #1373 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
PTEN is a top-conviction position for Webs Creek Capital Management LP — at 10.2% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in PTEN belongs to BlackRock, Inc., but the position matters far more to Webs Creek Capital Management LP, who has 10.2% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
California State Teachers Retirement System has added to its PTEN position for two straight quarters, increasing it by $391.4M to reach $393.6M today.
Blackstone Inc. has trimmed its PTEN position for two straight quarters, cutting it by $152.2M while still holding $19.3M.
PTEN is up 2% today, and institutions have been net buyers of $366.1M this quarter — today's price move and the underlying institutional flow are pointing the same direction.