Precision Drilling
53 hedge funds and large institutions have $82.9M invested in Precision Drilling in 2021 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 8 closing their positions.
185% more call options, than puts
Call options by funds: $1.01M | Put options by funds: $354K
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
15% more funds holding
Funds holding: 46 → 53 (+7)
13% more capital invested
Capital invested by funds: $73.7M → $82.9M (+$9.24M)
3.86% less ownership
Funds ownership: 32.25% → 28.39% (-3.9%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scion Asset Management
Saratoga,
California
|
+$5.05M |
| 2 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
+$4.83M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$3.98M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.03M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$20.6M |
| 2 |
SG
Standard General
New York
|
-$4.79M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.34M |
| 4 |
Renaissance Technologies
New York
|
-$3.24M |
| 5 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$1.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
51
Sugarloaf Wealth Management
Duluth,
Georgia
| $5 | +$5.66K | +250 | New |
|
|
SG
52
Standard General
New York
| – | -$4.79M | -290,146 | Closed |
|
|
53
Renaissance Technologies
New York
| – | -$3.24M | -197,273 | Closed |
|
54
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
| – | -$919K | -55,895 | Closed |
|
55
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$925K | -44,186 | Closed |
|
|
PP
56
Paloma Partners
Greenwich,
Connecticut
| – | -$176K | -10,714 | Closed |
|
57
Schroder Investment Management Group
London,
United Kingdom
| – | -$25K | -1,200 | Closed |
|
58
Simplex Trading
Chicago,
Illinois
| – | -$2.7K | -119 | Closed |
|
|
IA
59
IFP Advisors
Tampa,
Florida
| – | -$272 | -12 | Closed |
|
60
Wells Fargo
San Francisco,
California
| – | +$23 | +1 | +17% |
|
PDS Hedge Fund Activity: Q1 2021 in Review
53 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2021, worth a combined $82.9M — up 13% from $73.7M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PDS positions and 8 closed out — a net gain of 7 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was Scion Asset Management, opening a new position worth an estimated $5.05M. The largest seller was Fidelity International, cutting an estimated $20.6M.
- 53 institutional investors held Precision Drilling (PDS) as of Q1 2021, up from 46 in Q4 2020.
- Funds reported $82.9M of Precision Drilling stock for Q1 2021, up 13% quarter-over-quarter.
- 15 funds opened new Precision Drilling positions in Q1 2021 and 8 closed out, a net change of +7 holders.
- The largest Precision Drilling buyer in Q1 2021 was Scion Asset Management, an estimated $5.05M added.
- The largest Precision Drilling seller in Q1 2021 was Fidelity International, an estimated $20.6M sold.
Based on aggregated 13F filings for Q1 2021.