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PDS

Precision Drilling

170 hedge funds and large institutions have $2.76B invested in Precision Drilling in 2014 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 56 increasing their positions, 56 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,108% more call options, than puts

Call options by funds: $8.82M | Put options by funds: $730K

45% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 29

21% more capital invested

Capital invested by funds: $2.28B → $2.76B (+$483M)

8% more funds holding

Funds holding: 157170 (+13)

0.1% more ownership

Funds ownership: 3.24%3.34% (+0.1%)

0% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 56

33% less funds holding in top 10

Funds holding in top 10: 64 (-2)

Holders
170
Holders Change
+13
Holders Change %
+8.28%
% of All Funds
4.89%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
42
Increased
56
Reduced
56
Closed
29
Calls
$8.82M
Puts
$730K
Net Calls
+$8.09M
Net Calls Change
+$6.98M
Name Holding Trade Value Shares
Change
Change in
Stake
OIM
26
Oceanic Investment Management
Isle Of Man
$36.2M +$7.74M +30,018 +31%
Canada Life
27
Canada Life
Manitoba, Canada
$35.1M -$11.3M -44,002 -26%
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$29M -$32.7M -126,751 -55%
Canada Pension Plan Investment Board
29
Canada Pension Plan Investment Board
Ontario, Canada
$27.5M +$16.3M +63,119 +187%
SI
30
Sprott Inc
Ontario, Canada
$25.8M +$1.73M +6,725 +8%
Federated Hermes
31
Federated Hermes
Pennsylvania
$25M +$3.37M +13,056 +17%
OCG
32
Opus Capital Group
Ohio
$24.4M -$15.1M -58,683 -41%
IGIM
33
I.G. Investment Management
Manitoba, Canada
$23.1M -$2.95M -11,426 -12%
TAM
34
Third Avenue Management
New York
$22.8M -$4.81M -18,665 -19%
MBI
35
Montrusco Bolton Investments
Quebec, Canada
$20.9M +$18.5M +71,542 +3,300%
SCM
36
SIR Capital Management
New York
$17.2M +$4.3M +16,685 +38%
GC
37
Guggenheim Capital
Illinois
$17.2M +$14.7M +56,882 +1,532%
Two Sigma Advisers
38
Two Sigma Advisers
New York
$14.9M +$5.48M +21,265 +68%
American Century Companies
39
American Century Companies
Missouri
$14.8M +$13.5M +52,372 New
DGHMC
40
Dalton, Greiner, Hartman, Maher & Co
New York
$13.3M -$5.77M -22,386 -32%
Grantham, Mayo, Van Otterloo & Co (GMO)
41
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$13.1M -$891K -3,455 -7%
GCM
42
Graham Capital Management
Connecticut
$11.4M -$1.98M -7,685 -16%
RFC
43
Russell Frank Company
Washington
$10.5M -$7.73M -29,990 -42%
Morgan Stanley
44
Morgan Stanley
New York
$10.2M +$2.22M +8,597 +31%
Bank of America
45
Bank of America
North Carolina
$10M +$5.38M +20,855 +143%
ABC
46
Anchor Bolt Capital
Illinois
$9.98M +$5.41M +20,991 +147%
Ohio Public Employees Retirement System (OPERS)
47
Ohio Public Employees Retirement System (OPERS)
Ohio
$9.63M +$4.61M +17,886 +111%
MLIM
48
Mountain Lake Investment Management
Florida
$9.42M -$2.16M -8,376 -20%
Millennium Management
49
Millennium Management
New York
$8.9M -$13.7M -53,145 -63%
FRM
50
Foundation Resource Management
Arkansas
$8.76M -$133K -515 -2%

PDS Hedge Fund Activity: Q2 2014 in Review

170 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2014, worth a combined $2.76B — up 21% from $2.28B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new PDS positions and 29 closed out — a net gain of 13 holders — while 56 added to existing stakes and 56 trimmed.

The largest buyer was Systematic Financial Management, opening a new position worth an estimated $121M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $67.9M.

  • 170 institutional investors held Precision Drilling (PDS) as of Q2 2014, up from 157 in Q1 2014.
  • Funds reported $2.76B of Precision Drilling stock for Q2 2014, up 21% quarter-over-quarter.
  • 42 funds opened new Precision Drilling positions in Q2 2014 and 29 closed out, a net change of +13 holders.
  • The largest Precision Drilling buyer in Q2 2014 was Systematic Financial Management, an estimated $121M added.
  • The largest Precision Drilling seller in Q2 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $67.9M sold.

Based on aggregated 13F filings for Q2 2014.