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PDS

Precision Drilling
PDS

117 hedge funds and large institutions have $245M invested in Precision Drilling in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 42 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.13% less ownership

Funds ownership: 2.56% → 2.43% (-0.13%)

7% less funds holding

Funds holding: 126 → 117 (-9)

12% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 42

27% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 26

30% less call options, than puts

Call options by funds: $167K | Put options by funds: $237K

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

53% less capital invested

Capital invested by funds: $522M → $245M (-$276M)

Holders
117
Holders Change
-9
Holders Change %
-7.14%
% of All Funds
2.61%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
19
Increased
37
Reduced
42
Closed
26
Calls
$167K
Puts
$237K
Net Calls
-$70K
Net Calls Change
+$325K

Top Buyers

1
ECA
Encompass Capital Advisors
New York
+$16.4M
2
MLIM
Mountain Lake Investment Management
Florida
+$7.31M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$5.35M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$2.44M
5
AII
AGF Investments Inc
Ontario, Canada
+$2.2M

Top Sellers

1
Fidelity International
Fidelity International
Bermuda
-$20.1M
2
LCM
Lonestar Capital Management
California
-$15.6M
3
NP
Ninepoint Partners
Ontario, Canada
-$8.01M
4
SCM
Sirios Capital Management
Massachusetts
-$4.93M
5
Goldman Sachs
Goldman Sachs
New York
-$4.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
Public Sector Pension Investment Board (PSP Investments)
26
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.31M +$64.1K +1,295 +4%
Russell Investments Group
27
Russell Investments Group
United Kingdom
$1.21M -$64.2K -1,296 -4%
SIM
28
Spark Investment Management
New York
$1.15M +$1.64M +33,150 New
WAM
29
Wilsey Asset Management
California
$1.08M -$29.9K -604 -2%
Dimensional Fund Advisors
30
Dimensional Fund Advisors
Texas
$1.02M – – –
FWCM
31
Ferguson Wellman Capital Management
Oregon
$988K -$620K -12,526 -31%
CIBC World Market
32
CIBC World Market
Ontario, Canada
$961K -$421K -8,504 -24%
Toronto Dominion Bank
33
Toronto Dominion Bank
Ontario, Canada
$947K +$804K +16,228 +147%
Swiss National Bank
34
Swiss National Bank
Switzerland
$920K +$47K +950 +4%
BCIM
35
British Columbia Investment Management
British Columbia, Canada
$904K +$1.29M +26,048 New
FRM
36
Foundation Resource Management
Arkansas
$893K -$215K -4,335 -14%
Canada Pension Plan Investment Board
37
Canada Pension Plan Investment Board
Ontario, Canada
$726K +$416K +8,410 +67%
CCI
38
Credit Capital Investments
New Jersey
$706K -$35.8K -723 -3%
FDCDDQ
39
Federation des caisses Desjardins du Quebec
Quebec, Canada
$701K +$74.3K +1,500 +8%
ERSOT
40
Employees Retirement System of Texas
Texas
$644K – – –
Legal & General Group
41
Legal & General Group
United Kingdom
$615K +$65.9K +1,331 +8%
CP
42
Cumberland Partners
Ontario, Canada
$584K -$85.7K -1,731 -9%
GAM
43
Gotham Asset Management
New York
$550K +$24.5K +494 +3%
Goldman Sachs
44
Goldman Sachs
New York
$540K -$4.45M -89,804 -85%
IIM
45
Intact Investment Management
Quebec, Canada
$507K +$535K +10,795 New
CS
46
Credit Suisse
Switzerland
$495K +$1.68K +34 +0.2%
Northern Trust
47
Northern Trust
Illinois
$471K -$6.39K -129 -0.9%
FWIA
48
Fort Washington Investment Advisors
Ohio
$462K +$659K +13,313 New
Two Sigma Investments
49
Two Sigma Investments
New York
$457K -$278K -5,619 -30%
Bank of America
50
Bank of America
North Carolina
$372K -$549K -11,083 -51%
1
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PDS Hedge Fund Activity: Q4 2018 in Review

117 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2018, worth a combined $245M — down 53% from $522M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of PDS and 19 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 37 added.

The largest buyer was Encompass Capital Advisors, opening a new position worth an estimated $16.4M. The largest seller was Fidelity International, cutting an estimated $20.1M.

  • 117 institutional investors held Precision Drilling (PDS) as of Q4 2018, down from 126 in Q3 2018.
  • Funds reported $245M of Precision Drilling stock for Q4 2018, down 53% quarter-over-quarter.
  • 19 funds opened new Precision Drilling positions in Q4 2018 and 26 closed out, a net change of -7 holders.
  • The largest Precision Drilling buyer in Q4 2018 was Encompass Capital Advisors, an estimated $16.4M added.
  • The largest Precision Drilling seller in Q4 2018 was Fidelity International, an estimated $20.1M sold.

Based on aggregated 13F filings for Q4 2018.