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PDS

Precision Drilling
PDS

128 hedge funds and large institutions have $415M invested in Precision Drilling in 2017 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 37 increasing their positions, 49 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

538% more call options, than puts

Call options by funds: $370K | Put options by funds: $58K

0.21% less ownership

Funds ownership: 2.52% → 2.31% (-0.21%)

6% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 18

2% less funds holding

Funds holding: 130 → 128 (-2)

10% less capital invested

Capital invested by funds: $459M → $415M (-$44.6M)

24% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 49

Holders
128
Holders Change
-2
Holders Change %
-1.54%
% of All Funds
2.9%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
17
Increased
37
Reduced
49
Closed
18
Calls
$370K
Puts
$58K
Net Calls
+$312K
Net Calls Change
+$336K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$14M
2
MWNA
Marshall Wace North America
New York
+$11.1M
3
MLIM
Mountain Lake Investment Management
Florida
+$6.04M
4
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$3.59M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$3.5M

Top Sellers

1
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$30.6M
2
Franklin Resources
Franklin Resources
California
-$25.2M
3
Bank of America
Bank of America
North Carolina
-$3.48M
4
Morgan Stanley
Morgan Stanley
New York
-$3.45M
5
TD Asset Management
TD Asset Management
Ontario, Canada
-$3.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
26
Two Sigma Investments
New York
$2.28M +$1.25M +22,893 +154%
WAM
27
Wilsey Asset Management
California
$2.02M -$17.8K -324 -1%
Dimensional Fund Advisors
28
Dimensional Fund Advisors
Texas
$1.77M -$30.1K -549 -2%
FRM
29
Foundation Resource Management
Arkansas
$1.71M -$144K -2,629 -9%
FWCM
30
Ferguson Wellman Capital Management
Oregon
$1.53M -$1.01M -18,465 -42%
Legal & General Group
31
Legal & General Group
United Kingdom
$1.5M +$145K +2,643 +12%
Swiss National Bank
32
Swiss National Bank
Switzerland
$1.5M – – –
FDCDDQ
33
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.21M +$253K +4,610 +30%
ERSOT
34
Employees Retirement System of Texas
Texas
$1.12M – – –
CS
35
Credit Suisse
Switzerland
$1.09M -$1.66M -30,244 -63%
Manulife (Manufacturers Life Insurance)
36
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.08M -$1.54M -28,101 -61%
EOCM
37
Energy Opportunities Capital Management
Texas
$1.08M – – –
PIC
38
PCJ Investment Counsel
Ontario, Canada
$926K +$426K +7,769 +104%
Bank of America
39
Bank of America
North Carolina
$871K -$3.48M -63,494 -81%
Jane Street
40
Jane Street
New York
$836K +$403K +7,350 +113%
Barclays
41
Barclays
United Kingdom
$819K +$727K +13,271 +4,673%
Northern Trust
42
Northern Trust
Illinois
$783K -$329 -6 -0%
ARTA
43
A.R.T. Advisors
New York
$758K -$714K -13,035 -51%
VOAM
44
Vertex One Asset Management
British Columbia, Canada
$745K -$2M -36,485 -75%
QIM
45
Quantitative Investment Management
Virginia
$662K +$161K +2,940 +37%
CIBC World Market
46
CIBC World Market
Ontario, Canada
$657K -$617K -11,259 -51%
CCI
47
Credit Capital Investments
New Jersey
$632K +$546K +9,966 +1,993%
SC
48
Scotia Capital
Ontario, Canada
$627K -$165K -3,003 -22%
RA
49
Royce & Associates
New York
$612K – – –
D.E. Shaw & Co
50
D.E. Shaw & Co
New York
$608K +$183K +3,335 +50%
1
2
3 4 5

PDS Hedge Fund Activity: Q4 2017 in Review

128 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2017, worth a combined $415M — down 9.7% from $459M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PDS and 17 opened new positions — a net loss of 1 holder — while 49 trimmed existing stakes and 37 added.

The largest buyer was Fidelity Investments, adding an estimated $14M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $30.6M sold.

  • 128 institutional investors held Precision Drilling (PDS) as of Q4 2017, down from 130 in Q3 2017.
  • Funds reported $415M of Precision Drilling stock for Q4 2017, down 9.7% quarter-over-quarter.
  • 17 funds opened new Precision Drilling positions in Q4 2017 and 18 closed out, a net change of -1 holder.
  • The largest Precision Drilling buyer in Q4 2017 was Fidelity Investments, an estimated $14M added.
  • The largest Precision Drilling seller in Q4 2017 was 1832 Asset Management, an estimated $30.6M sold.

Based on aggregated 13F filings for Q4 2017.