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PDS

Precision Drilling
PDS

130 hedge funds and large institutions have $459M invested in Precision Drilling in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 37 increasing their positions, 34 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 34

4% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 27

0% more funds holding

Funds holding: 130 → 130 (0)

0.58% less ownership

Funds ownership: 3.1% → 2.52% (-0.58%)

23% less call options, than puts

Call options by funds: $79K | Put options by funds: $103K

26% less capital invested

Capital invested by funds: $621M → $459M (-$162M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
130
Holders Change
–
Holders Change %
0%
% of All Funds
3.24%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
28
Increased
37
Reduced
34
Closed
27
Calls
$79K
Puts
$103K
Net Calls
-$24K
Net Calls Change
-$709K

Top Buyers

Rank Fund Capital Flow
1
LBA
Letko, Brosseau & Associates
Quebec, Canada
+$29M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$25.2M
3
Deutsche Bank
Deutsche Bank
Germany
+$6.26M
4
Renaissance Technologies
Renaissance Technologies
New York
+$4.44M
5
Norges Bank
Norges Bank
Norway
+$4.03M

Top Sellers

Rank Fund Capital Flow
1
Franklin Resources
Franklin Resources
California
-$92.3M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$24.6M
3
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$19.6M
4
Millennium Management
Millennium Management
New York
-$11.2M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$11M
Name Holding Trade Value Shares
Change 		Change in
Stake
FWCM
26
Ferguson Wellman Capital Management
Oregon
$2.74M -$111K -1,922 -4%
Schroder Investment Management Group
27
Schroder Investment Management Group
United Kingdom
$2.72M +$1.97M +34,070 New
MWNA
28
Marshall Wace North America
New York
$2.5M +$2.42M +41,684 New
WAM
29
Wilsey Asset Management
California
$2.01M -$59.1K -1,019 -3%
FRM
30
Foundation Resource Management
Arkansas
$1.93M +$34.3K +591 +2%
Dimensional Fund Advisors
31
Dimensional Fund Advisors
Texas
$1.87M – – –
ARTA
32
A.R.T. Advisors
New York
$1.6M +$1.48M +25,595 New
GCAC
33
Guardian Capital Advisors (Canada)
Ontario, Canada
$1.59M +$33K +569 +2%
Swiss National Bank
34
Swiss National Bank
Switzerland
$1.54M – – –
CIBC World Market
35
CIBC World Market
Ontario, Canada
$1.38M -$496K -8,561 -28%
Legal & General Group
36
Legal & General Group
United Kingdom
$1.37M – – –
Goldman Sachs
37
Goldman Sachs
New York
$1.18M +$630K +10,874 +135%
ERSOT
38
Employees Retirement System of Texas
Texas
$1.15M -$1.06M -18,350 -50%
EOCM
39
Energy Opportunities Capital Management
Texas
$1.11M -$1.04M -17,945 -50%
SI
40
Sentry Investments
Ontario, Canada
$1.05M +$784K +13,525 New
JP Morgan Chase
41
JP Morgan Chase
New York
$987K +$894K +15,421 New
FDCDDQ
42
Federation des caisses Desjardins du Quebec
Quebec, Canada
$952K +$281K +4,851 +46%
Two Sigma Investments
43
Two Sigma Investments
New York
$927K +$861K +14,852 New
MLIM
44
Mountain Lake Investment Management
Florida
$920K +$855K +14,750 New
SC
45
Scotia Capital
Ontario, Canada
$830K -$806K -13,901 -51%
Bank of New York Mellon
46
Bank of New York Mellon
New York
$811K +$77.5K +1,338 +11%
Northern Trust
47
Northern Trust
Illinois
$809K -$7.65K -132 -1%
DTL
48
Dynamic Technology Lab
Singapore
$799K +$741K +12,791 New
SCM
49
Sirios Capital Management
Massachusetts
$734K +$60.5K +1,044 +10%
CSS
50
Cubist Systematic Strategies
Connecticut
$671K +$347K +5,995 +126%
1
2
3 4 5

PDS Hedge Fund Activity: Q3 2017 in Review

130 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2017, worth a combined $459M — down 26% from $621M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new PDS positions and 27 closed out — a net gain of 1 holder — while 37 added to existing stakes and 34 trimmed.

The largest buyer was Letko, Brosseau & Associates, adding an estimated $29M. The largest seller was Franklin Resources, cutting an estimated $92.3M.

  • 130 institutional investors held Precision Drilling (PDS) as of Q3 2017, unchanged from Q2 2017.
  • Funds reported $459M of Precision Drilling stock for Q3 2017, down 26% quarter-over-quarter.
  • 28 funds opened new Precision Drilling positions in Q3 2017 and 27 closed out, a net change of +1 holder.
  • The largest Precision Drilling buyer in Q3 2017 was Letko, Brosseau & Associates, an estimated $29M added.
  • The largest Precision Drilling seller in Q3 2017 was Franklin Resources, an estimated $92.3M sold.

Based on aggregated 13F filings for Q3 2017.