Precision Drilling
PDS
131 hedge funds and large institutions have $1.28B invested in Precision Drilling in 2015 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 48 reducing their positions, and 35 closing their positions.
30% more call options, than puts
Call options by funds: $1.93M | Put options by funds: $1.48M
20% more capital invested
Capital invested by funds: $1.07B → $1.28B (+$214M)
0.42% more ownership
Funds ownership: 2.99% → 3.41% (+0.42%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 146 → 131 (-15)
17% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 48
43% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$123M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$43.8M |
| 3 |
TCM
Tetrem Capital Management
Winnipeg,
Manitoba, Canada
|
+$35.6M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$20.8M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$16.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$53M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.8M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$17.4M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
-$12.3M |
| 5 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$12.3M |
PDS Hedge Fund Activity: Q1 2015 in Review
131 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2015, worth a combined $1.28B — up 20% from $1.07B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of PDS and 20 opened new positions — a net loss of 15 holders — while 48 trimmed existing stakes and 40 added.
The largest buyer was Franklin Resources, adding an estimated $123M. The largest seller was Allianz Asset Management, cutting an estimated $53M.
- 131 institutional investors held Precision Drilling (PDS) as of Q1 2015, down from 146 in Q4 2014.
- Funds reported $1.28B of Precision Drilling stock for Q1 2015, up 20% quarter-over-quarter.
- 20 funds opened new Precision Drilling positions in Q1 2015 and 35 closed out, a net change of -15 holders.
- The largest Precision Drilling buyer in Q1 2015 was Franklin Resources, an estimated $123M added.
- The largest Precision Drilling seller in Q1 2015 was Allianz Asset Management, an estimated $53M sold.
Based on aggregated 13F filings for Q1 2015.