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PDS

Precision Drilling
PDS

117 hedge funds and large institutions have $245M invested in Precision Drilling in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 42 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.13% less ownership

Funds ownership: 2.56% → 2.43% (-0.13%)

7% less funds holding

Funds holding: 126 → 117 (-9)

12% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 42

27% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 26

30% less call options, than puts

Call options by funds: $167K | Put options by funds: $237K

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

53% less capital invested

Capital invested by funds: $522M → $245M (-$276M)

Holders
117
Holders Change
-9
Holders Change %
-7.14%
% of All Funds
2.61%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
19
Increased
37
Reduced
42
Closed
26
Calls
$167K
Puts
$237K
Net Calls
-$70K
Net Calls Change
+$325K

Top Buyers

1
ECA
Encompass Capital Advisors
New York
+$16.4M
2
MLIM
Mountain Lake Investment Management
Florida
+$7.31M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$5.35M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$2.44M
5
AII
AGF Investments Inc
Ontario, Canada
+$2.2M

Top Sellers

1
Fidelity International
Fidelity International
Bermuda
-$20.1M
2
LCM
Lonestar Capital Management
California
-$15.6M
3
NP
Ninepoint Partners
Ontario, Canada
-$8.01M
4
SCM
Sirios Capital Management
Massachusetts
-$4.93M
5
Goldman Sachs
Goldman Sachs
New York
-$4.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
PGCM
51
Prescott Group Capital Management
Oklahoma
$353K +$503K +10,150 New
Barclays
52
Barclays
United Kingdom
$343K -$1.22M -24,620 -71%
HI
53
HBK Investments
Texas
$298K -$50.9K -1,028 -11%
UBS AM
54
UBS AM
Illinois
$273K – – –
Invesco
55
Invesco
Georgia
$262K +$59.2K +1,195 +19%
O
56
OppenheimerFunds
New York
$256K +$46.4K +936 +15%
SC
57
Scotia Capital
Ontario, Canada
$180K -$69.4K -1,402 -21%
RA
58
Royce & Associates
New York
$163K -$269K -5,430 -54%
Jane Street
59
Jane Street
New York
$154K +$153K +3,091 +231%
QC
60
QCM Cayman
Texas
$149K +$213K +4,294 New
D.E. Shaw & Co
61
D.E. Shaw & Co
New York
$144K +$168K +3,389 +456%
VOAM
62
Vertex One Asset Management
British Columbia, Canada
$126K -$429K -8,670 -71%
PI
63
PEAK6 Investments
Illinois
$104K +$82.8K +1,672 +126%
UBS Group
64
UBS Group
Switzerland
$100K +$62.2K +1,255 +78%
Bank of Nova Scotia
65
Bank of Nova Scotia
Ontario, Canada
$96K +$2.77K +56 +2%
Canada Life
66
Canada Life
Manitoba, Canada
$92K +$1.19K +24 +0.9%
CM
67
CoreCommodity Management
Connecticut
$83K -$240K -4,850 -67%
QIM
68
Quantitative Investment Management
Virginia
$68K +$98.1K +1,980 New
DWM
69
Dorchester Wealth Management
Quebec, Canada
$55K +$49.5K +1,000 +175%
CAM
70
ClariVest Asset Management
California
$53K -$15.7K -316 -17%
HighTower Advisors
71
HighTower Advisors
Illinois
$51K +$72.6K +1,465 New
IRC
72
Investors Research Corp
Georgia
$46K – – –
SAM
73
Shell Asset Management
Netherlands
$41K -$12.6K -255 -18%
Millennium Management
74
Millennium Management
New York
$40K +$57.4K +1,159 New
TSS
75
Two Sigma Securities
New York
$39K -$8.57K -173 -13%
1 2
3
4 5

PDS Hedge Fund Activity: Q4 2018 in Review

117 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2018, worth a combined $245M — down 53% from $522M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of PDS and 19 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 37 added.

The largest buyer was Encompass Capital Advisors, opening a new position worth an estimated $16.4M. The largest seller was Fidelity International, cutting an estimated $20.1M.

  • 117 institutional investors held Precision Drilling (PDS) as of Q4 2018, down from 126 in Q3 2018.
  • Funds reported $245M of Precision Drilling stock for Q4 2018, down 53% quarter-over-quarter.
  • 19 funds opened new Precision Drilling positions in Q4 2018 and 26 closed out, a net change of -7 holders.
  • The largest Precision Drilling buyer in Q4 2018 was Encompass Capital Advisors, an estimated $16.4M added.
  • The largest Precision Drilling seller in Q4 2018 was Fidelity International, an estimated $20.1M sold.

Based on aggregated 13F filings for Q4 2018.