In a notable portfolio shift, SIR Capital Management has completely divested its holdings in oilfield services company Patterson-UTI Energy (PTEN). According to its quarterly 13F filing, the investment firm sold its entire position of 1.72 million shares, which were valued at approximately $18.59 million at the end of the first quarter.
This disclosure, filed on August 14, 2026, reflects trading activity that occurred during the second quarter, ending June 30. The sale is significant as the holding previously constituted 1.74% of SIR Capital's reported portfolio. During the quarter, Patterson-UTI reported revenues that beat expectations but still posted a net loss, citing costs associated with exiting its operations in Colombia.