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PDS

Precision Drilling
PDS

82 hedge funds and large institutions have $60.1M invested in Precision Drilling in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 27 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

141% more capital invested

Capital invested by funds: $24.9M → $60.1M (+$35.2M)

79% more call options, than puts

Call options by funds: $25K | Put options by funds: $14K

0.01% less ownership

Funds ownership: 1.46% → 1.45% (-0.01%)

9% less funds holding

Funds holding: 90 → 82 (-8)

29% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 21

30% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 27

Holders
82
Holders Change
-8
Holders Change %
-8.89%
% of All Funds
1.68%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
15
Increased
19
Reduced
27
Closed
21
Calls
$25K
Puts
$14K
Net Calls
+$11K
Net Calls Change
+$16K

Top Buyers

Rank Fund Capital Flow
1
SAM
Scion Asset Management
California
+$2.25M
2
SG
Standard General
New York
+$1.5M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$801K
4
IIM
Intact Investment Management
Quebec, Canada
+$535K
5
KPF
K2 Principal Fund
Ontario, Canada
+$485K

Top Sellers

Rank Fund Capital Flow
1
LBA
Letko, Brosseau & Associates
Quebec, Canada
-$2.29M
2
Two Sigma Investments
Two Sigma Investments
New York
-$801K
3
AII
AGF Investments Inc
Ontario, Canada
-$592K
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$496K
5
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$493K
Name Holding Trade Value Shares
Change 		Change in
Stake
QI
26
QS Investors
New York
$301K – – –
Neuberger Berman Group
27
Neuberger Berman Group
New York
$290K -$112 -10 -0.1%
FDCDDQ
28
Federation des caisses Desjardins du Quebec
Quebec, Canada
$257K +$38K +3,401 +24%
Legal & General Group
29
Legal & General Group
United Kingdom
$247K -$13.6K -1,216 -7%
MWNA
30
Marshall Wace North America
New York
$240K +$24.9K +2,225 +16%
Citadel Advisors
31
Citadel Advisors
Florida
$211K +$4.58K +409 +3%
JP Morgan Chase
32
JP Morgan Chase
New York
$206K +$152K +13,596 +271,920%
TRCT
33
Tower Research Capital (TRC)
New York
$178K +$130K +11,645 +15,952%
Millennium Management
34
Millennium Management
New York
$154K +$114K +10,148 New
TD Asset Management
35
TD Asset Management
Ontario, Canada
$145K -$53.2K -4,753 -33%
CIBC World Market
36
CIBC World Market
Ontario, Canada
$122K -$8.57K -766 -9%
DWM
37
Dorchester Wealth Management
Quebec, Canada
$99K +$55.9K +5,000 +323%
Toronto Dominion Bank
38
Toronto Dominion Bank
Ontario, Canada
$96K – – –
CS
39
Credit Suisse
Switzerland
$93K -$105K -9,383 -61%
UBS Group
40
UBS Group
Switzerland
$82K +$6.13K +548 +11%
Northern Trust
41
Northern Trust
Illinois
$78K -$3.36K -300 -6%
CSS
42
Cubist Systematic Strategies
Connecticut
$78K +$57.8K +5,166 New
Invesco
43
Invesco
Georgia
$77K +$37.1K +3,312 +189%
Two Sigma Investments
44
Two Sigma Investments
New York
$51K -$801K -71,568 -96%
SC
45
Scotia Capital
Ontario, Canada
$50K -$2.83K -253 -7%
American Century Companies
46
American Century Companies
Missouri
$45K +$11.5K +1,027 +53%
BBVA
47
Banco Bilbao Vizcaya Argentaria
Spain
$37K – – –
CP
48
Cumberland Partners
Ontario, Canada
$37K – – –
Fiera Capital (Canada)
49
Fiera Capital (Canada)
Quebec, Canada
$36K +$14.1K +1,262 +116%
UBS AM
50
UBS AM
Illinois
$28.4K -$69.9K -6,249 -77%
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PDS Hedge Fund Activity: Q2 2020 in Review

82 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2020, worth a combined $60.1M — up 141% from $24.9M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of PDS and 15 opened new positions — a net loss of 6 holders — while 27 trimmed existing stakes and 19 added.

The largest buyer was Scion Asset Management, opening a new position worth an estimated $2.25M. The largest seller was Letko, Brosseau & Associates, cutting an estimated $2.29M.

  • 82 institutional investors held Precision Drilling (PDS) as of Q2 2020, down from 90 in Q1 2020.
  • Funds reported $60.1M of Precision Drilling stock for Q2 2020, up 141% quarter-over-quarter.
  • 15 funds opened new Precision Drilling positions in Q2 2020 and 21 closed out, a net change of -6 holders.
  • The largest Precision Drilling buyer in Q2 2020 was Scion Asset Management, an estimated $2.25M added.
  • The largest Precision Drilling seller in Q2 2020 was Letko, Brosseau & Associates, an estimated $2.29M sold.

Based on aggregated 13F filings for Q2 2020.