Precision Drilling
130 hedge funds and large institutions have $417M invested in Precision Drilling in 2018 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 43 increasing their positions, 44 reducing their positions, and 16 closing their positions.
57% more call options, than puts
Call options by funds: $453K | Put options by funds: $288K
13% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 16
2% more funds holding
Funds holding: 128 → 130 (+2)
1% more capital invested
Capital invested by funds: $415M → $417M (+$2.32M)
0.24% more ownership
Funds ownership: 2.31% → 2.55% (+0.24%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$20.9M |
| 2 |
LCM
Lonestar Capital Management
San Francisco,
California
|
+$12.4M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$7M |
| 4 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
+$5.54M |
| 5 |
Morgan Stanley
New York
|
+$5.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWNA
Marshall Wace North America
New York
|
-$16M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$8.19M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$5.33M |
| 4 |
Renaissance Technologies
New York
|
-$4.23M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$2.63M |
PDS Hedge Fund Activity: Q1 2018 in Review
130 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2018, worth a combined $417M — up 0.56% from $415M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PDS positions and 16 closed out — a net gain of 2 holders — while 43 added to existing stakes and 44 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $20.9M. The largest seller was Marshall Wace North America, cutting an estimated $16M.
- 130 institutional investors held Precision Drilling (PDS) as of Q1 2018, up from 128 in Q4 2017.
- Funds reported $417M of Precision Drilling stock for Q1 2018, up 0.56% quarter-over-quarter.
- 18 funds opened new Precision Drilling positions in Q1 2018 and 16 closed out, a net change of +2 holders.
- The largest Precision Drilling buyer in Q1 2018 was Fidelity Investments, an estimated $20.9M added.
- The largest Precision Drilling seller in Q1 2018 was Marshall Wace North America, an estimated $16M sold.
Based on aggregated 13F filings for Q1 2018.