Precision Drilling
82 hedge funds and large institutions have $60.1M invested in Precision Drilling in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 27 reducing their positions, and 21 closing their positions.
141% more capital invested
Capital invested by funds: $24.9M → $60.1M (+$35.2M)
79% more call options, than puts
Call options by funds: $25K | Put options by funds: $14K
0.01% less ownership
Funds ownership: 1.46% → 1.45% (-0.01%)
9% less funds holding
Funds holding: 90 → 82 (-8)
29% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 21
30% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scion Asset Management
Saratoga,
California
|
+$2.25M |
| 2 |
SG
Standard General
New York
|
+$1.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$801K |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$535K |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$485K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$2.29M |
| 2 |
Two Sigma Investments
New York
|
-$801K |
| 3 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$592K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$496K |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$493K |
PDS Hedge Fund Activity: Q2 2020 in Review
82 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2020, worth a combined $60.1M — up 141% from $24.9M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of PDS and 15 opened new positions — a net loss of 6 holders — while 27 trimmed existing stakes and 19 added.
The largest buyer was Scion Asset Management, opening a new position worth an estimated $2.25M. The largest seller was Letko, Brosseau & Associates, cutting an estimated $2.29M.
- 82 institutional investors held Precision Drilling (PDS) as of Q2 2020, down from 90 in Q1 2020.
- Funds reported $60.1M of Precision Drilling stock for Q2 2020, up 141% quarter-over-quarter.
- 15 funds opened new Precision Drilling positions in Q2 2020 and 21 closed out, a net change of -6 holders.
- The largest Precision Drilling buyer in Q2 2020 was Scion Asset Management, an estimated $2.25M added.
- The largest Precision Drilling seller in Q2 2020 was Letko, Brosseau & Associates, an estimated $2.29M sold.
Based on aggregated 13F filings for Q2 2020.