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PDS

Precision Drilling
PDS

120 hedge funds and large institutions have $529M invested in Precision Drilling in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 42 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

41% more call options, than puts

Call options by funds: $13.1M | Put options by funds: $9.29M

35% more capital invested

Capital invested by funds: $390M → $529M (+$138M)

4.54% more ownership

Funds ownership: 49.24% → 53.78% (+4.5%)

7% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 14

1% more funds holding

Funds holding: 119 → 120 (+1)

12% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 42

Holders
120
Holders Change
+1
Holders Change %
+0.84%
% of All Funds
1.73%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
15
Increased
37
Reduced
42
Closed
14
Calls
$13.1M
Puts
$9.29M
Net Calls
+$3.82M
Net Calls Change
+$2.38M

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$36M
2
WCA
Waratah Capital Advisors
Ontario, Canada
+$16.7M
3
Fidelity International
Fidelity International
Bermuda
+$15.8M
4
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$9.66M
5
AF
Aegis Financial
Virginia
+$5.5M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$16.7M
2
SCM
SIR Capital Management
New York
-$6.23M
3
Bank of America
Bank of America
North Carolina
-$5.63M
4
NAM
NewGen Asset Management
Ontario, Canada
-$4.3M
5
BC
Brookfield Corp
Ontario, Canada
-$4.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$4.47M -$16.7M -276,079 -81%
Mackenzie Financial
27
Mackenzie Financial
Ontario, Canada
$4.13M +$3.32M +54,897 +855%
OAM
28
Oberweis Asset Management
Illinois
$4.02M – – –
NAM
29
NewGen Asset Management
Ontario, Canada
$3.55M -$4.3M -71,200 -57%
Franklin Resources
30
Franklin Resources
California
$3.29M – – –
Point72 Asset Management
31
Point72 Asset Management
Connecticut
$2.97M -$2.87M -47,557 -52%
D.E. Shaw & Co
32
D.E. Shaw & Co
New York
$2.23M -$459K -7,600 -19%
PAMP
33
Polar Asset Management Partners
Ontario, Canada
$2.1M +$1.89M +31,250 New
OSAM
34
O'Shaughnessy Asset Management
Connecticut
$1.99M +$382K +6,328 +27%
Swiss National Bank
35
Swiss National Bank
Switzerland
$1.92M +$103K +1,700 +6%
Bank of Nova Scotia
36
Bank of Nova Scotia
Ontario, Canada
$1.85M +$41.7K +690 +3%
Ameriprise
37
Ameriprise
Minnesota
$1.66M -$296K -4,900 -17%
SNT
38
SIG North Trading
Pennsylvania
$1.62M +$1.46M +24,113 New
TI
39
Trexquant Investment
Connecticut
$1.55M +$555K +9,179 +66%
NWM
40
Nicola Wealth Management
British Columbia, Canada
$1.46M – – –
MHP
41
Manatuck Hill Partners
Connecticut
$1.37M – – –
Millennium Management
42
Millennium Management
New York
$1.31M -$3.76M -62,216 -76%
BlackRock
43
BlackRock
New York
$1.31M +$334K +5,522 +40%
CS
44
Credit Suisse
Switzerland
$1.26M +$23.8K +394 +3%
TWC
45
TD Waterhouse Canada
Ontario, Canada
$1.09M +$18.8K +311 +3%
Arrowstreet Capital
46
Arrowstreet Capital
Massachusetts
$1.08M +$967K +15,992 New
Tudor Investment Corp
47
Tudor Investment Corp
Connecticut
$1.05M -$1.06M -17,504 -53%
PIC
48
PCJ Investment Counsel
Ontario, Canada
$987K -$1.72M -28,500 -66%
CIBC Asset Management
49
CIBC Asset Management
Ontario, Canada
$976K +$87.2K +1,443 +11%
CSS
50
Cubist Systematic Strategies
Connecticut
$968K -$415K -6,861 -32%
1
2
3 4 5

PDS Hedge Fund Activity: Q1 2024 in Review

120 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2024, worth a combined $529M — up 35% from $390M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PDS positions and 14 closed out — a net gain of 1 holder — while 37 added to existing stakes and 42 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $36M. The largest seller was Morgan Stanley, cutting an estimated $16.7M.

  • 120 institutional investors held Precision Drilling (PDS) as of Q1 2024, up from 119 in Q4 2023.
  • Funds reported $529M of Precision Drilling stock for Q1 2024, up 35% quarter-over-quarter.
  • 15 funds opened new Precision Drilling positions in Q1 2024 and 14 closed out, a net change of +1 holder.
  • The largest Precision Drilling buyer in Q1 2024 was Royal Bank of Canada, an estimated $36M added.
  • The largest Precision Drilling seller in Q1 2024 was Morgan Stanley, an estimated $16.7M sold.

Based on aggregated 13F filings for Q1 2024.