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PDS

Precision Drilling
PDS

104 hedge funds and large institutions have $221M invested in Precision Drilling in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 38 increasing their positions, 37 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more call options, than puts

Call options by funds: $96K | Put options by funds: $87K

3% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 37

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.29% less ownership

Funds ownership: 2.28% → 1.99% (-0.29%)

10% less funds holding

Funds holding: 115 → 104 (-11)

31% less capital invested

Capital invested by funds: $321M → $221M (-$100M)

67% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 15

Holders
104
Holders Change
-11
Holders Change %
-9.57%
% of All Funds
2.26%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
38
Reduced
37
Closed
15
Calls
$96K
Puts
$87K
Net Calls
+$9K
Net Calls Change
-$125K

Top Buyers

Rank Fund Capital Flow
1
ECA
Encompass Capital Advisors
New York
+$3.42M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$2.41M
3
Fidelity International
Fidelity International
Bermuda
+$2.08M
4
WCM
Wedge Capital Management
North Carolina
+$1.72M
5
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$1.55M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$30.6M
2
AII
AGF Investments Inc
Ontario, Canada
-$5.91M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$3.4M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
-$3.11M
5
Morgan Stanley
Morgan Stanley
New York
-$2.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAMP
51
Polar Asset Management Partners
Ontario, Canada
$302K +$352K +8,000 New
CSS
52
Cubist Systematic Strategies
Connecticut
$243K +$180K +4,093 +174%
Two Sigma Advisers
53
Two Sigma Advisers
New York
$240K -$1.6M -36,300 -85%
Northern Trust
54
Northern Trust
Illinois
$233K -$319K -7,256 -54%
ARTA
55
A.R.T. Advisors
New York
$206K -$411K -9,345 -63%
Renaissance Technologies
56
Renaissance Technologies
New York
$206K -$9.89K -225 -4%
SC
57
Scotia Capital
Ontario, Canada
$201K -$4.88K -111 -2%
SL
58
Signition LP
New York
$150K +$174K +3,965 New
Two Sigma Investments
59
Two Sigma Investments
New York
$149K -$1.99M -45,322 -92%
Bank of Nova Scotia
60
Bank of Nova Scotia
Ontario, Canada
$143K +$46.3K +1,052 +40%
CM
61
CoreCommodity Management
Connecticut
$107K +$19.7K +447 +19%
Canada Life
62
Canada Life
Manitoba, Canada
$101K -$572 -13 -0.5%
UBS Group
63
UBS Group
Switzerland
$95K -$4.71K -107 -4%
D.E. Shaw & Co
64
D.E. Shaw & Co
New York
$94K +$86.6K +1,969 +363%
AG
65
Aperio Group
California
$90K +$3.03K +69 +3%
CP
66
Cumberland Partners
Ontario, Canada
$89K – – –
AllianceBernstein
67
AllianceBernstein
Tennessee
$80K – – –
VI
68
Versor Investments
New York
$71K +$83.1K +1,890 New
TSS
69
Two Sigma Securities
New York
$65K -$12.4K -282 -14%
DWM
70
Dorchester Wealth Management
Quebec, Canada
$59K – – –
BlackRock
71
BlackRock
New York
$59K +$69.1K +1,571 +52,367%
HighTower Advisors
72
HighTower Advisors
Illinois
$53K -$2.29K -52 -4%
Creative Planning
73
Creative Planning
Kansas
$51K – – –
IRC
74
Investors Research Corp
Georgia
$50K – – –
ECM
75
Evergreen Capital Management
Washington
$49K +$7.52K +171 +15%
1 2
3
4 5

PDS Hedge Fund Activity: Q2 2019 in Review

104 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2019, worth a combined $221M — down 31% from $321M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PDS and 5 opened new positions — a net loss of 10 holders — while 37 trimmed existing stakes and 38 added.

The largest buyer was Encompass Capital Advisors, adding an estimated $3.42M. The largest seller was Fidelity Investments, cutting an estimated $30.6M.

  • 104 institutional investors held Precision Drilling (PDS) as of Q2 2019, down from 115 in Q1 2019.
  • Funds reported $221M of Precision Drilling stock for Q2 2019, down 31% quarter-over-quarter.
  • 5 funds opened new Precision Drilling positions in Q2 2019 and 15 closed out, a net change of -10 holders.
  • The largest Precision Drilling buyer in Q2 2019 was Encompass Capital Advisors, an estimated $3.42M added.
  • The largest Precision Drilling seller in Q2 2019 was Fidelity Investments, an estimated $30.6M sold.

Based on aggregated 13F filings for Q2 2019.