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PDS

Precision Drilling
PDS

119 hedge funds and large institutions have $390M invested in Precision Drilling in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 42 increasing their positions, 36 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more call options, than puts

Call options by funds: $3.17M | Put options by funds: $1.74M

18% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 17

17% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 36

2% more funds holding

Funds holding: 117 → 119 (+2)

1.09% more ownership

Funds ownership: 48.14% → 49.24% (+1.1%)

12% less capital invested

Capital invested by funds: $445M → $390M (-$54.5M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
119
Holders Change
+2
Holders Change %
+1.71%
% of All Funds
1.73%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
20
Increased
42
Reduced
36
Closed
17
Calls
$3.17M
Puts
$1.74M
Net Calls
+$1.43M
Net Calls Change
+$6.7M

Top Buyers

1
NP
Ninepoint Partners
Ontario, Canada
+$79.4M
2
Morgan Stanley
Morgan Stanley
New York
+$11.2M
3
ECA
Encompass Capital Advisors
New York
+$5.9M
4
SCM
SIR Capital Management
New York
+$5.01M
5
BC
Brookfield Corp
Ontario, Canada
+$4.53M

Top Sellers

1
HIM
Hillsdale Investment Management
Ontario, Canada
-$25.4M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$24.3M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$20.5M
4
American Century Companies
American Century Companies
Missouri
-$7.84M
5
GCM
GeoSphere Capital Management
Florida
-$4.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
BC
26
Brookfield Corp
Ontario, Canada
$4.28M +$4.53M +78,493 New
OAM
27
Oberweis Asset Management
Illinois
$3.24M +$3.45M +59,700 New
GIP
28
Greatmark Investment Partners
Georgia
$3.24M +$690K +11,955 +25%
HP
29
Hartree Partners
New York
$2.69M +$433K +7,500 +25%
Franklin Resources
30
Franklin Resources
California
$2.66M +$213K +3,683 +8%
Acadian Asset Management
31
Acadian Asset Management
Massachusetts
$2.42M -$24.3M -421,572 -90%
PIC
32
PCJ Investment Counsel
Ontario, Canada
$2.34M +$3.46K +60 +0.1%
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
$2.21M -$1.18M -20,500 -33%
Tudor Investment Corp
34
Tudor Investment Corp
Connecticut
$1.79M +$1.31M +22,717 +220%
Renaissance Technologies
35
Renaissance Technologies
New York
$1.79M +$1.63M +28,300 +629%
Jane Street
36
Jane Street
New York
$1.76M +$1.32M +22,880 +238%
Ameriprise
37
Ameriprise
Minnesota
$1.61M +$709K +12,277 +71%
Swiss National Bank
38
Swiss National Bank
Switzerland
$1.46M -$179K -3,100 -10%
Bank of Nova Scotia
39
Bank of Nova Scotia
Ontario, Canada
$1.46M +$44.9K +777 +3%
QC
40
Quadrature Capital
United Kingdom
$1.43M -$3.36M -58,200 -69%
OSAM
41
O'Shaughnessy Asset Management
Connecticut
$1.26M +$1.34M +23,221 New
CSS
42
Cubist Systematic Strategies
Connecticut
$1.15M +$495K +8,570 +68%
NWM
43
Nicola Wealth Management
British Columbia, Canada
$1.15M – – –
MHP
44
Manatuck Hill Partners
Connecticut
$1.08M +$462K +8,000 +114%
Susquehanna International Group
45
Susquehanna International Group
Pennsylvania
$1.06M +$1.13M +19,598 New
Voloridge Investment Management
46
Voloridge Investment Management
Florida
$983K +$1.05M +18,104 New
CS
47
Credit Suisse
Switzerland
$963K +$41.3K +715 +6%
JP Morgan Chase
48
JP Morgan Chase
New York
$874K -$1.66M -28,787 -64%
TWC
49
TD Waterhouse Canada
Ontario, Canada
$757K -$1.98M -34,361 -76%
BlackRock
50
BlackRock
New York
$755K -$162K -2,799 -17%
1
2
3 4 5

PDS Hedge Fund Activity: Q4 2023 in Review

119 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2023, worth a combined $390M — down 12% from $445M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new PDS positions and 17 closed out — a net gain of 3 holders — while 42 added to existing stakes and 36 trimmed.

The largest buyer was Ninepoint Partners, opening a new position worth an estimated $79.4M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $25.4M sold.

  • 119 institutional investors held Precision Drilling (PDS) as of Q4 2023, up from 117 in Q3 2023.
  • Funds reported $390M of Precision Drilling stock for Q4 2023, down 12% quarter-over-quarter.
  • 20 funds opened new Precision Drilling positions in Q4 2023 and 17 closed out, a net change of +3 holders.
  • The largest Precision Drilling buyer in Q4 2023 was Ninepoint Partners, an estimated $79.4M added.
  • The largest Precision Drilling seller in Q4 2023 was Hillsdale Investment Management, an estimated $25.4M sold.

Based on aggregated 13F filings for Q4 2023.