Precision Drilling
125 hedge funds and large institutions have $1.3B invested in Precision Drilling in 2015 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 31 increasing their positions, 53 reducing their positions, and 23 closing their positions.
470% more call options, than puts
Call options by funds: $7.67M | Put options by funds: $1.35M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
2% more capital invested
Capital invested by funds: $1.28B → $1.3B (+$22.3M)
0.03% less ownership
Funds ownership: 3.41% → 3.38% (-0.03%)
5% less funds holding
Funds holding: 131 → 125 (-6)
22% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 23
42% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$150M |
| 2 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$20.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$9.24M |
| 4 |
ABC
Anchor Bolt Capital
Chicago,
Illinois
|
+$6.36M |
| 5 |
Comerica Bank
Dallas,
Texas
|
+$4.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$73M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$23.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$16.1M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$14.4M |
| 5 |
SCM
SIR Capital Management
New York
|
-$8.55M |
PDS Hedge Fund Activity: Q2 2015 in Review
125 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2015, worth a combined $1.3B — up 1.7% from $1.28B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PDS and 18 opened new positions — a net loss of 5 holders — while 53 trimmed existing stakes and 31 added.
The largest buyer was Franklin Resources, adding an estimated $150M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $73M.
- 125 institutional investors held Precision Drilling (PDS) as of Q2 2015, down from 131 in Q1 2015.
- Funds reported $1.3B of Precision Drilling stock for Q2 2015, up 1.7% quarter-over-quarter.
- 18 funds opened new Precision Drilling positions in Q2 2015 and 23 closed out, a net change of -5 holders.
- The largest Precision Drilling buyer in Q2 2015 was Franklin Resources, an estimated $150M added.
- The largest Precision Drilling seller in Q2 2015 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $73M sold.
Based on aggregated 13F filings for Q2 2015.