Precision Drilling
65 hedge funds and large institutions have $222M invested in Precision Drilling in 2021 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 8 closing their positions.
256% more call options, than puts
Call options by funds: $4.69M | Put options by funds: $1.32M
167% more capital invested
Capital invested by funds: $82.9M → $222M (+$139M)
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
54% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 13
23% more funds holding
Funds holding: 53 → 65 (+12)
11.04% more ownership
Funds ownership: 28.39% → 39.43% (+11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$22.8M |
| 2 |
EGI
EAM Global Investors
Solana Beach,
California
|
+$6.91M |
| 3 |
ECA
Encompass Capital Advisors
New York
|
+$6.74M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.27M |
| 5 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
+$4.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scion Asset Management
Saratoga,
California
|
-$4.81M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$4.48M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$4.08M |
| 4 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
-$1.97M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$1.84M |
PDS Hedge Fund Activity: Q2 2021 in Review
65 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2021, worth a combined $222M — up 167% from $82.9M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PDS positions and 8 closed out — a net gain of 12 holders — while 20 added to existing stakes and 13 trimmed.
The largest buyer was Polar Asset Management Partners, adding an estimated $22.8M. The largest seller was Scion Asset Management, exiting entirely with an estimated $4.81M sold.
- 65 institutional investors held Precision Drilling (PDS) as of Q2 2021, up from 53 in Q1 2021.
- Funds reported $222M of Precision Drilling stock for Q2 2021, up 167% quarter-over-quarter.
- 20 funds opened new Precision Drilling positions in Q2 2021 and 8 closed out, a net change of +12 holders.
- The largest Precision Drilling buyer in Q2 2021 was Polar Asset Management Partners, an estimated $22.8M added.
- The largest Precision Drilling seller in Q2 2021 was Scion Asset Management, an estimated $4.81M sold.
Based on aggregated 13F filings for Q2 2021.