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PDS

Precision Drilling
PDS

132 hedge funds and large institutions have $1.16B invested in Precision Drilling in 2016 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 35 increasing their positions, 51 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

227% more call options, than puts

Call options by funds: $1.15M | Put options by funds: $350K

28% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 18

26% more capital invested

Capital invested by funds: $922M → $1.16B (+$241M)

3% more funds holding

Funds holding: 128 → 132 (+4)

0.05% more ownership

Funds ownership: 3.7% → 3.75% (+0.05%)

31% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 51

Holders
132
Holders Change
+4
Holders Change %
+3.13%
% of All Funds
3.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
35
Reduced
51
Closed
18
Calls
$1.15M
Puts
$350K
Net Calls
+$796K
Net Calls Change
+$72K

Top Buyers

1
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$78.4M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$23.1M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$15.1M
4
Ninety One (UK)
Ninety One (UK)
United Kingdom
+$12.1M
5
Norges Bank
Norges Bank
Norway
+$4.45M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$38.3M
2
UIM
USS Investment Management
United Kingdom
-$23.8M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$15.7M
4
SFM
Systematic Financial Management
New Jersey
-$14.2M
5
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$9.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
OTPPB
26
Ontario Teachers' Pension Plan Board
Ontario, Canada
$5.28M – – –
Northern Trust
27
Northern Trust
Illinois
$4.78M – – –
JP Morgan Chase
28
JP Morgan Chase
New York
$4.7M +$4.19M +44,298 New
Canada Pension Plan Investment Board
29
Canada Pension Plan Investment Board
Ontario, Canada
$4.67M +$1.98M +20,965 +90%
NEI
30
Northwest & Ethical Investments
Ontario, Canada
$4.38M -$28.6K -302 -0.7%
Acadian Asset Management
31
Acadian Asset Management
Massachusetts
$4.02M +$3.61M +38,085 New
WAM
32
Wilsey Asset Management
California
$3.91M -$97.8K -1,033 -3%
ERSOT
33
Employees Retirement System of Texas
Texas
$3.66M -$1.77M -18,650 -35%
NONA
34
Ninety One North America
New York
$3.37M +$3.02M +31,933 New
Ameriprise
35
Ameriprise
Minnesota
$3.24M -$975K -10,298 -25%
Dimensional Fund Advisors
36
Dimensional Fund Advisors
Texas
$3.16M -$947 -10 -0%
FRM
37
Foundation Resource Management
Arkansas
$3.08M +$33.7K +356 +1%
State of Wisconsin Investment Board
38
State of Wisconsin Investment Board
Wisconsin
$2.89M -$1.5M -15,800 -37%
Renaissance Technologies
39
Renaissance Technologies
New York
$2.77M -$1.71M -18,110 -41%
Goldman Sachs
40
Goldman Sachs
New York
$2.66M +$1.04M +10,939 +77%
GCAC
41
Guardian Capital Advisors (Canada)
Ontario, Canada
$2.63M +$20.4K +215 +0.8%
Swiss National Bank
42
Swiss National Bank
Switzerland
$2.59M – – –
CS
43
Credit Suisse
Switzerland
$2.44M +$492K +5,194 +29%
New York State Common Retirement Fund
44
New York State Common Retirement Fund
New York
$2.29M +$502K +5,303 +33%
AIMCA
45
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$2.15M -$221K -2,339 -10%
CIBC World Market
46
CIBC World Market
Ontario, Canada
$2.08M +$191K +2,018 +11%
HI
47
HBK Investments
Texas
$2.06M -$2.14M -22,567 -54%
Legal & General Group
48
Legal & General Group
United Kingdom
$1.92M +$299K +3,154 +21%
AIA
49
Avalon Investment & Advisory
Texas
$1.74M +$1.56M +16,428 New
VOAM
50
Vertex One Asset Management
British Columbia, Canada
$1.71M – – –
1
2
3 4 5

PDS Hedge Fund Activity: Q2 2016 in Review

132 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2016, worth a combined $1.16B — up 26% from $922M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new PDS positions and 18 closed out — a net gain of 5 holders — while 35 added to existing stakes and 51 trimmed.

The largest buyer was Mackenzie Financial, opening a new position worth an estimated $78.4M. The largest seller was Fidelity Investments, cutting an estimated $38.3M.

  • 132 institutional investors held Precision Drilling (PDS) as of Q2 2016, up from 128 in Q1 2016.
  • Funds reported $1.16B of Precision Drilling stock for Q2 2016, up 26% quarter-over-quarter.
  • 23 funds opened new Precision Drilling positions in Q2 2016 and 18 closed out, a net change of +5 holders.
  • The largest Precision Drilling buyer in Q2 2016 was Mackenzie Financial, an estimated $78.4M added.
  • The largest Precision Drilling seller in Q2 2016 was Fidelity Investments, an estimated $38.3M sold.

Based on aggregated 13F filings for Q2 2016.