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PDS

Precision Drilling
PDS

112 hedge funds and large institutions have $332M invested in Precision Drilling in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 29 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 29

33% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 15

3% more funds holding

Funds holding: 109 → 112 (+3)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

7% less ownership

Funds ownership: 53.96% → 46.96% (-7%)

31% less call options, than puts

Call options by funds: $5.45M | Put options by funds: $7.95M

40% less capital invested

Capital invested by funds: $551M → $332M (-$219M)

Holders
112
Holders Change
+3
Holders Change %
+2.75%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
20
Increased
43
Reduced
29
Closed
15
Calls
$5.45M
Puts
$7.95M
Net Calls
-$2.5M
Net Calls Change
-$2.31M

Top Buyers

Rank Fund Capital Flow
1
NAM
NewGen Asset Management
Ontario, Canada
+$9.68M
2
Bank of America
Bank of America
North Carolina
+$9.39M
3
IIM
Intact Investment Management
Quebec, Canada
+$8.46M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$7.28M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$6.99M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$51.2M
2
DCM
Driehaus Capital Management
Illinois
-$23.5M
3
Fidelity International
Fidelity International
Bermuda
-$13.6M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$12.3M
5
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$10.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
PIC
26
PCJ Investment Counsel
Ontario, Canada
$2.1M -$1.43M -22,080 -35%
GIP
27
Greatmark Investment Partners
Georgia
$1.96M +$16.2K +250 +0.7%
OSAM
28
O'Shaughnessy Asset Management
Connecticut
$1.95M -$1.61M -24,795 -39%
LCM
29
Lynwood Capital Management
Ontario, Canada
$1.93M +$1.94M +30,000 New
CIBC World Market
30
CIBC World Market
Ontario, Canada
$1.61M +$196K +3,019 +11%
Swiss National Bank
31
Swiss National Bank
Switzerland
$1.51M -$233K -3,600 -11%
Toronto Dominion Bank
32
Toronto Dominion Bank
Ontario, Canada
$1.51M +$1.21M +18,687 +175%
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$1.44M +$894K +13,810 +97%
Public Sector Pension Investment Board (PSP Investments)
34
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.44M +$125K +1,934 +7%
HP
35
Hartree Partners
New York
$1.41M +$1.78M +27,500 New
CSS
36
Cubist Systematic Strategies
Connecticut
$1.4M -$683K -10,541 -28%
Arrowstreet Capital
37
Arrowstreet Capital
Massachusetts
$1.37M -$12.3M -189,156 -88%
Bank of Nova Scotia
38
Bank of Nova Scotia
Ontario, Canada
$1.29M +$471K +7,280 +41%
Manulife (Manufacturers Life Insurance)
39
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.18M -$276K -4,256 -16%
NWM
40
Nicola Wealth Management
British Columbia, Canada
$1.11M – – –
Qube Research & Technologies (QRT)
41
Qube Research & Technologies (QRT)
United Kingdom
$1.06M +$1.1M +16,981 +476%
SNT
42
SIG North Trading
Pennsylvania
$1.01M +$1.27M +19,657 New
Ameriprise
43
Ameriprise
Minnesota
$942K +$434K +6,700 +58%
Marshall Wace
44
Marshall Wace
United Kingdom
$929K +$1.17M +18,069 New
CS
45
Credit Suisse
Switzerland
$897K +$28.8K +444 +4%
CAM
46
ClariVest Asset Management
California
$885K +$1.05M +16,190 +1,527%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$868K -$6.04M -93,200 -85%
Deutsche Bank
48
Deutsche Bank
Germany
$852K +$1.04M +16,110 +3,525%
HSBC Holdings
49
HSBC Holdings
United Kingdom
$838K +$629K +9,719 +145%
TWC
50
TD Waterhouse Canada
Ontario, Canada
$818K -$732K -11,305 -50%
1
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3 4 5

PDS Hedge Fund Activity: Q1 2023 in Review

112 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2023, worth a combined $332M — down 40% from $551M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new PDS positions and 15 closed out — a net gain of 5 holders — while 43 added to existing stakes and 29 trimmed.

The largest buyer was NewGen Asset Management, opening a new position worth an estimated $9.68M. The largest seller was Fidelity Investments, exiting entirely with an estimated $51.2M sold.

  • 112 institutional investors held Precision Drilling (PDS) as of Q1 2023, up from 109 in Q4 2022.
  • Funds reported $332M of Precision Drilling stock for Q1 2023, down 40% quarter-over-quarter.
  • 20 funds opened new Precision Drilling positions in Q1 2023 and 15 closed out, a net change of +5 holders.
  • The largest Precision Drilling buyer in Q1 2023 was NewGen Asset Management, an estimated $9.68M added.
  • The largest Precision Drilling seller in Q1 2023 was Fidelity Investments, an estimated $51.2M sold.

Based on aggregated 13F filings for Q1 2023.