Precision Drilling
72 hedge funds and large institutions have $48.1M invested in Precision Drilling in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 29 reducing their positions, and 15 closing their positions.
50% more call options, than puts
Call options by funds: $6K | Put options by funds: $4K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.07% less ownership
Funds ownership: 1.45% → 1.38% (-0.07%)
12% less funds holding
Funds holding: 82 → 72 (-10)
20% less capital invested
Capital invested by funds: $60.1M → $48.1M (-$12M)
45% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 29
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
+$2.11M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$909K |
| 3 |
SAM
Scion Asset Management
Saratoga,
California
|
+$321K |
| 4 |
ECA
Encompass Capital Advisors
New York
|
+$167K |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$135K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$966K |
| 2 |
NEI
Northwest & Ethical Investments
Toronto,
Ontario, Canada
|
-$887K |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$854K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$675K |
| 5 |
Two Sigma Advisers
New York
|
-$669K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Creative Planning
Overland Park,
Kansas
| – | -$20K | -1,350 | Closed |
|
|
TSS
77
Two Sigma Securities
New York
| – | -$12K | -818 | Closed |
|
|
RJFSA
78
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$10K | -631 | Closed |
|
|
DCM
79
Dimension Capital Management
Coral Gables,
Florida
| – | -$8K | -533 | Closed |
|
|
SAM
80
Shell Asset Management
The Hague,
Netherlands
| – | -$2.63K | -195 | -88% |
|
81
Wells Fargo
San Francisco,
California
| – | -$500 | -37 | -86% |
|
PDS Hedge Fund Activity: Q3 2020 in Review
72 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2020, worth a combined $48.1M — down 20% from $60.1M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PDS and 6 opened new positions — a net loss of 9 holders — while 29 trimmed existing stakes and 16 added.
The largest buyer was Standard General, adding an estimated $2.11M. The largest seller was Intact Investment Management, exiting entirely with an estimated $966K sold.
- 72 institutional investors held Precision Drilling (PDS) as of Q3 2020, down from 82 in Q2 2020.
- Funds reported $48.1M of Precision Drilling stock for Q3 2020, down 20% quarter-over-quarter.
- 6 funds opened new Precision Drilling positions in Q3 2020 and 15 closed out, a net change of -9 holders.
- The largest Precision Drilling buyer in Q3 2020 was Standard General, an estimated $2.11M added.
- The largest Precision Drilling seller in Q3 2020 was Intact Investment Management, an estimated $966K sold.
Based on aggregated 13F filings for Q3 2020.