Precision Drilling
PDS
128 hedge funds and large institutions have $922M invested in Precision Drilling in 2016 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 44 increasing their positions, 41 reducing their positions, and 20 closing their positions.
195% more call options, than puts
Call options by funds: $1.1M | Put options by funds: $372K
7% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 41
0.33% less ownership
Funds ownership: 4.02% → 3.7% (-0.33%)
2% less capital invested
Capital invested by funds: $937M → $922M (-$14.7M)
5% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 20
2% less funds holding
Funds holding: 130 → 128 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$70.5M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$6.37M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$6.16M |
| 4 |
TCM
Tetrem Capital Management
Winnipeg,
Manitoba, Canada
|
+$3.78M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$3.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$89M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$27.7M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$17M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$15.3M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$9.02M |
PDS Hedge Fund Activity: Q1 2016 in Review
128 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2016, worth a combined $922M — down 1.6% from $937M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PDS and 19 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 44 added.
The largest buyer was Fidelity Investments, adding an estimated $70.5M. The largest seller was Mackenzie Financial, exiting entirely with an estimated $89M sold.
- 128 institutional investors held Precision Drilling (PDS) as of Q1 2016, down from 130 in Q4 2015.
- Funds reported $922M of Precision Drilling stock for Q1 2016, down 1.6% quarter-over-quarter.
- 19 funds opened new Precision Drilling positions in Q1 2016 and 20 closed out, a net change of -1 holder.
- The largest Precision Drilling buyer in Q1 2016 was Fidelity Investments, an estimated $70.5M added.
- The largest Precision Drilling seller in Q1 2016 was Mackenzie Financial, an estimated $89M sold.
Based on aggregated 13F filings for Q1 2016.