Precision Drilling
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.
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)
Top Buyers
Top Sellers
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$20.1M |
| 2 |
LCM
Lonestar Capital Management
San Francisco,
California
|
-$15.6M |
| 3 |
NP
Ninepoint Partners
Toronto,
Ontario, Canada
|
-$8.01M |
| 4 |
SCM
Sirios Capital Management
Boston,
Massachusetts
|
-$4.93M |
| 5 |
Goldman Sachs
New York
|
-$4.45M |
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.