Precision Drilling
PDS
94 hedge funds and large institutions have $389M invested in Precision Drilling in 2022 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 26 increasing their positions, 32 reducing their positions, and 8 closing their positions.
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
66% more call options, than puts
Call options by funds: $6.58M | Put options by funds: $3.97M
15% more funds holding
Funds holding: 82 → 94 (+12)
1.52% less ownership
Funds ownership: 47.22% → 45.7% (-1.5%)
18% less capital invested
Capital invested by funds: $477M → $389M (-$87.8M)
19% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 32
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$36.7M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$4.29M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.15M |
| 4 |
Jane Street
New York
|
+$2.56M |
| 5 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$24.4M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$11.5M |
| 3 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
-$9.93M |
| 4 |
Two Sigma Investments
New York
|
-$7.81M |
| 5 |
Renaissance Technologies
New York
|
-$4.66M |
PDS Hedge Fund Activity: Q2 2022 in Review
94 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2022, worth a combined $389M — down 18% from $477M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PDS positions and 8 closed out — a net gain of 12 holders — while 26 added to existing stakes and 32 trimmed.
The largest buyer was Fidelity International, adding an estimated $36.7M. The largest seller was Polar Asset Management Partners, cutting an estimated $24.4M.
- 94 institutional investors held Precision Drilling (PDS) as of Q2 2022, up from 82 in Q1 2022.
- Funds reported $389M of Precision Drilling stock for Q2 2022, down 18% quarter-over-quarter.
- 20 funds opened new Precision Drilling positions in Q2 2022 and 8 closed out, a net change of +12 holders.
- The largest Precision Drilling buyer in Q2 2022 was Fidelity International, an estimated $36.7M added.
- The largest Precision Drilling seller in Q2 2022 was Polar Asset Management Partners, an estimated $24.4M sold.
Based on aggregated 13F filings for Q2 2022.