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PDS

Precision Drilling
PDS

101 hedge funds and large institutions have $262M invested in Precision Drilling in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 36 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more call options, than puts

Call options by funds: $4.48M | Put options by funds: $3.75M

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 36

8.05% less ownership

Funds ownership: 46.96% → 38.91% (-8.1%)

10% less funds holding

Funds holding: 112 → 101 (-11)

21% less capital invested

Capital invested by funds: $332M → $262M (-$70.7M)

50% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 20

Holders
101
Holders Change
-11
Holders Change %
-9.82%
% of All Funds
1.59%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
35
Reduced
36
Closed
20
Calls
$4.48M
Puts
$3.75M
Net Calls
+$722K
Net Calls Change
+$3.22M

Top Buyers

Rank Fund Capital Flow
1
ECA
Encompass Capital Advisors
New York
+$7.88M
2
EIG
EdgePoint Investment Group
Ontario, Canada
+$5.22M
3
QC
Quadrature Capital
United Kingdom
+$4.15M
4
CIBC World Market
CIBC World Market
Ontario, Canada
+$2.42M
5
NAM
NewGen Asset Management
Ontario, Canada
+$2.39M

Top Sellers

Rank Fund Capital Flow
1
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$15.2M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$13M
3
Millennium Management
Millennium Management
New York
-$8.1M
4
TD Asset Management
TD Asset Management
Ontario, Canada
-$4.91M
5
Morgan Stanley
Morgan Stanley
New York
-$4.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
PIC
26
PCJ Investment Counsel
Ontario, Canada
$2.02M +$27.7K +580 +1%
Citadel Advisors
27
Citadel Advisors
Florida
$1.54M -$4.33M -90,714 -74%
Toronto Dominion Bank
28
Toronto Dominion Bank
Ontario, Canada
$1.54M +$104K +2,187 +7%
GCM
29
GeoSphere Capital Management
Florida
$1.46M +$1.43M +30,000 New
Swiss National Bank
30
Swiss National Bank
Switzerland
$1.46M +$19.1K +400 +1%
Public Sector Pension Investment Board (PSP Investments)
31
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.44M +$60.3K +1,263 +4%
BCIM
32
British Columbia Investment Management
British Columbia, Canada
$1.43M -$577K -12,079 -29%
SNT
33
SIG North Trading
Pennsylvania
$1.36M +$391K +8,198 +42%
Bank of Nova Scotia
34
Bank of Nova Scotia
Ontario, Canada
$1.23M -$191 -4 -0%
NWM
35
Nicola Wealth Management
British Columbia, Canada
$1.03M – – –
Manulife (Manufacturers Life Insurance)
36
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$919K -$194K -4,069 -18%
Ameriprise
37
Ameriprise
Minnesota
$893K – – –
CAI
38
Capital Advisors Inc
Oklahoma
$882K +$191K +4,000 +28%
CS
39
Credit Suisse
Switzerland
$866K +$22.5K +472 +4%
Two Sigma Investments
40
Two Sigma Investments
New York
$851K +$110K +2,308 +15%
Qube Research & Technologies (QRT)
41
Qube Research & Technologies (QRT)
United Kingdom
$822K -$176K -3,692 -18%
HSBC Holdings
42
HSBC Holdings
United Kingdom
$792K -$13.2K -277 -2%
Renaissance Technologies
43
Renaissance Technologies
New York
$776K +$205K +4,300 +37%
TWC
44
TD Waterhouse Canada
Ontario, Canada
$764K +$22.2K +466 +4%
TI
45
Trexquant Investment
Connecticut
$727K +$37.5K +785 +6%
American Century Companies
46
American Century Companies
Missouri
$680K +$665K +13,934 New
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$605K -$215K -4,500 -27%
AIM
48
Aigen Investment Management
New York
$591K +$185K +3,881 +47%
PAMP
49
Polar Asset Management Partners
Ontario, Canada
$587K -$2.7M -56,500 -82%
CIBC Asset Management
50
CIBC Asset Management
Ontario, Canada
$578K -$32.6K -683 -5%
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PDS Hedge Fund Activity: Q2 2023 in Review

101 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2023, worth a combined $262M — down 21% from $332M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of PDS and 10 opened new positions — a net loss of 10 holders — while 36 trimmed existing stakes and 35 added.

The largest buyer was Encompass Capital Advisors, adding an estimated $7.88M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $15.2M.

  • 101 institutional investors held Precision Drilling (PDS) as of Q2 2023, down from 112 in Q1 2023.
  • Funds reported $262M of Precision Drilling stock for Q2 2023, down 21% quarter-over-quarter.
  • 10 funds opened new Precision Drilling positions in Q2 2023 and 20 closed out, a net change of -10 holders.
  • The largest Precision Drilling buyer in Q2 2023 was Encompass Capital Advisors, an estimated $7.88M added.
  • The largest Precision Drilling seller in Q2 2023 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $15.2M sold.

Based on aggregated 13F filings for Q2 2023.