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PDS

Precision Drilling
PDS

108 hedge funds and large institutions have $131M invested in Precision Drilling in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 37 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $70K | Put options by funds: $46K

6% more capital invested

Capital invested by funds: $124M → $131M (+$6.88M)

5% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 37

0.25% less ownership

Funds ownership: 1.83% → 1.58% (-0.25%)

2% less funds holding

Funds holding: 110 → 108 (-2)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

Holders
108
Holders Change
-2
Holders Change %
-1.82%
% of All Funds
2.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
39
Reduced
37
Closed
15
Calls
$70K
Puts
$46K
Net Calls
+$24K
Net Calls Change
+$14K

Top Buyers

Rank Fund Capital Flow
1
ECA
Encompass Capital Advisors
New York
+$1.15M
2
SCM
SIR Capital Management
New York
+$1.07M
3
Two Sigma Investments
Two Sigma Investments
New York
+$998K
4
FWIA
Fort Washington Investment Advisors
Ohio
+$715K
5
Two Sigma Advisers
Two Sigma Advisers
New York
+$595K

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$8.37M
2
Fidelity International
Fidelity International
Bermuda
-$2.85M
3
MLIM
Mountain Lake Investment Management
Florida
-$2.35M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.3M
5
Norges Bank
Norges Bank
Norway
-$2.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
26
Two Sigma Investments
New York
$1.23M +$998K +43,482 +7,523%
ERSOT
27
Employees Retirement System of Texas
Texas
$1.2M – – –
GCAC
28
Guardian Capital Advisors (Canada)
Ontario, Canada
$1.16M -$51.2K -2,233 -7%
Bank of America
29
Bank of America
North Carolina
$1.09M +$19.6K +856 +2%
Citadel Advisors
30
Citadel Advisors
Florida
$1.09M +$103K +4,488 +13%
CCI
31
Credit Capital Investments
New Jersey
$1.06M +$226K +9,830 +35%
Acadian Asset Management
32
Acadian Asset Management
Massachusetts
$936K +$486K +21,183 +171%
CIBC Asset Management
33
CIBC Asset Management
Ontario, Canada
$928K -$6.84K -298 -0.9%
CIBC World Market
34
CIBC World Market
Ontario, Canada
$871K +$62K +2,703 +10%
Two Sigma Advisers
35
Two Sigma Advisers
New York
$854K +$595K +25,925 +566%
Dimensional Fund Advisors
36
Dimensional Fund Advisors
Texas
$818K – – –
Swiss National Bank
37
Swiss National Bank
Switzerland
$785K +$22.8K +995 +4%
FRM
38
Foundation Resource Management
Arkansas
$718K -$8.19K -357 -1%
D.E. Shaw & Co
39
D.E. Shaw & Co
New York
$718K +$273K +11,899 +86%
PAMP
40
Polar Asset Management Partners
Ontario, Canada
$686K +$402K +17,500 +250%
Legal & General Group
41
Legal & General Group
United Kingdom
$574K +$6.33K +276 +1%
QI
42
QS Investors
New York
$554K -$135K -5,870 -23%
Arrowstreet Capital
43
Arrowstreet Capital
Massachusetts
$537K +$42.7K +1,859 +11%
Neuberger Berman Group
44
Neuberger Berman Group
New York
$536K +$439K +19,139 New
CS
45
Credit Suisse
Switzerland
$508K +$15.9K +694 +4%
Renaissance Technologies
46
Renaissance Technologies
New York
$505K +$371K +16,185 +844%
JP Morgan Chase
47
JP Morgan Chase
New York
$484K +$397K +17,290 +288,167%
BCIM
48
British Columbia Investment Management
British Columbia, Canada
$461K +$157K +6,834 +70%
FDCDDQ
49
Federation des caisses Desjardins du Quebec
Quebec, Canada
$435K +$7.23K +315 +2%
Bank of Nova Scotia
50
Bank of Nova Scotia
Ontario, Canada
$383K -$1.81K -79 -0.6%
1
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3 4 5

PDS Hedge Fund Activity: Q4 2019 in Review

108 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2019, worth a combined $131M — up 5.5% from $124M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PDS and 13 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 39 added.

The largest buyer was Encompass Capital Advisors, adding an estimated $1.15M. The largest seller was Fidelity Investments, cutting an estimated $8.37M.

  • 108 institutional investors held Precision Drilling (PDS) as of Q4 2019, down from 110 in Q3 2019.
  • Funds reported $131M of Precision Drilling stock for Q4 2019, up 5.5% quarter-over-quarter.
  • 13 funds opened new Precision Drilling positions in Q4 2019 and 15 closed out, a net change of -2 holders.
  • The largest Precision Drilling buyer in Q4 2019 was Encompass Capital Advisors, an estimated $1.15M added.
  • The largest Precision Drilling seller in Q4 2019 was Fidelity Investments, an estimated $8.37M sold.

Based on aggregated 13F filings for Q4 2019.