Precision Drilling
PDS
104 hedge funds and large institutions have $221M invested in Precision Drilling in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 38 increasing their positions, 37 reducing their positions, and 15 closing their positions.
10% more call options, than puts
Call options by funds: $96K | Put options by funds: $87K
3% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 37
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.29% less ownership
Funds ownership: 2.28% → 1.99% (-0.29%)
10% less funds holding
Funds holding: 115 → 104 (-11)
31% less capital invested
Capital invested by funds: $321M → $221M (-$100M)
67% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
+$3.42M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.41M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$2.08M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$1.72M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$1.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$30.6M |
| 2 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$5.91M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.4M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$3.11M |
| 5 |
Morgan Stanley
New York
|
-$2.11M |
PDS Hedge Fund Activity: Q2 2019 in Review
104 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2019, worth a combined $221M — down 31% from $321M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PDS and 5 opened new positions — a net loss of 10 holders — while 37 trimmed existing stakes and 38 added.
The largest buyer was Encompass Capital Advisors, adding an estimated $3.42M. The largest seller was Fidelity Investments, cutting an estimated $30.6M.
- 104 institutional investors held Precision Drilling (PDS) as of Q2 2019, down from 115 in Q1 2019.
- Funds reported $221M of Precision Drilling stock for Q2 2019, down 31% quarter-over-quarter.
- 5 funds opened new Precision Drilling positions in Q2 2019 and 15 closed out, a net change of -10 holders.
- The largest Precision Drilling buyer in Q2 2019 was Encompass Capital Advisors, an estimated $3.42M added.
- The largest Precision Drilling seller in Q2 2019 was Fidelity Investments, an estimated $30.6M sold.
Based on aggregated 13F filings for Q2 2019.