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PDS

Precision Drilling
PDS

127 hedge funds and large institutions have $519M invested in Precision Drilling in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 41 increasing their positions, 47 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more call options, than puts

Call options by funds: $549K | Put options by funds: $308K

24% more capital invested

Capital invested by funds: $417M → $519M (+$102M)

0.11% more ownership

Funds ownership: 2.55% → 2.65% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 130 → 127 (-3)

13% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 47

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

Holders
127
Holders Change
-3
Holders Change %
-2.31%
% of All Funds
2.91%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
10
Increased
41
Reduced
47
Closed
13
Calls
$549K
Puts
$308K
Net Calls
+$241K
Net Calls Change
+$76K

Top Buyers

1
Fidelity International
Fidelity International
Bermuda
+$86.5M
2
AII
AGF Investments Inc
Ontario, Canada
+$8.52M
3
SCM
Sirios Capital Management
Massachusetts
+$4.79M
4
MWNA
Marshall Wace North America
New York
+$3.69M
5
LSV Asset Management
LSV Asset Management
Illinois
+$3.22M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$56.6M
2
SFM
Systematic Financial Management
New Jersey
-$11.8M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$5.9M
4
TD Asset Management
TD Asset Management
Ontario, Canada
-$5.63M
5
Morgan Stanley
Morgan Stanley
New York
-$4.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSV Asset Management
26
LSV Asset Management
Illinois
$3.19M +$3.22M +48,009 New
CCM
27
Contrarian Capital Management
Connecticut
$2.96M +$2.99M +44,554 New
CIBC Asset Management
28
CIBC Asset Management
Ontario, Canada
$2.91M +$35.5K +528 +1%
FWCM
29
Ferguson Wellman Capital Management
Oregon
$2.68M +$19.2K +286 +0.7%
Russell Investments Group
30
Russell Investments Group
United Kingdom
$2.68M -$216K -3,220 -7%
GCAC
31
Guardian Capital Advisors (Canada)
Ontario, Canada
$2.52M -$11.4K -170 -0.6%
Public Sector Pension Investment Board (PSP Investments)
32
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.46M -$1.02M -15,217 -29%
Deutsche Bank
33
Deutsche Bank
Germany
$2.34M -$2.36M -35,122 -50%
CIBC World Market
34
CIBC World Market
Ontario, Canada
$2.31M +$879K +13,087 +60%
Citadel Advisors
35
Citadel Advisors
Florida
$2.22M +$108K +1,602 +5%
WAM
36
Wilsey Asset Management
California
$2.2M -$56K -834 -2%
FRM
37
Foundation Resource Management
Arkansas
$2M +$7.52K +112 +0.4%
Barclays
38
Barclays
United Kingdom
$1.98M +$529K +7,875 +36%
Dimensional Fund Advisors
39
Dimensional Fund Advisors
Texas
$1.95M -$537 -8 -0%
Man Group
40
Man Group
United Kingdom
$1.84M +$289K +4,310 +18%
Swiss National Bank
41
Swiss National Bank
Switzerland
$1.68M – – –
Renaissance Technologies
42
Renaissance Technologies
New York
$1.57M -$838K -12,485 -34%
CCI
43
Credit Capital Investments
New Jersey
$1.45M -$48.1K -716 -3%
FDCDDQ
44
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.34M +$604 +9 +0%
CP
45
Cumberland Partners
Ontario, Canada
$1.27M +$1.29M +19,190 New
Goldman Sachs
46
Goldman Sachs
New York
$1.24M +$624K +9,299 +99%
ERSOT
47
Employees Retirement System of Texas
Texas
$1.23M – – –
ARTA
48
A.R.T. Advisors
New York
$1.2M -$1.24M -18,440 -51%
EOCM
49
Energy Opportunities Capital Management
Texas
$1.18M – – –
PIC
50
PCJ Investment Counsel
Ontario, Canada
$1.18M -$218K -3,240 -15%
1
2
3 4 5

PDS Hedge Fund Activity: Q2 2018 in Review

127 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2018, worth a combined $519M — up 24% from $417M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of PDS and 10 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 41 added.

The largest buyer was Fidelity International, opening a new position worth an estimated $86.5M. The largest seller was Fidelity Investments, cutting an estimated $56.6M.

  • 127 institutional investors held Precision Drilling (PDS) as of Q2 2018, down from 130 in Q1 2018.
  • Funds reported $519M of Precision Drilling stock for Q2 2018, up 24% quarter-over-quarter.
  • 10 funds opened new Precision Drilling positions in Q2 2018 and 13 closed out, a net change of -3 holders.
  • The largest Precision Drilling buyer in Q2 2018 was Fidelity International, an estimated $86.5M added.
  • The largest Precision Drilling seller in Q2 2018 was Fidelity Investments, an estimated $56.6M sold.

Based on aggregated 13F filings for Q2 2018.