Precision Drilling
46 hedge funds and large institutions have $73.7M invested in Precision Drilling in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 37 closing their positions.
53% more capital invested
Capital invested by funds: $48.1M → $73.7M (+$25.6M)
30.87% more ownership
Funds ownership: 1.38% → 32.25% (+31%)
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
25% less call options, than puts
Call options by funds: $225K | Put options by funds: $299K
36% less funds holding
Funds holding: 72 → 46 (-26)
70% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$5.77M |
| 2 |
Renaissance Technologies
New York
|
+$3.27M |
| 3 |
ECA
Encompass Capital Advisors
New York
|
+$3.2M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.37M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scion Asset Management
Saratoga,
California
|
-$2.88M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.67M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$1.06M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.02M |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$886K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NEI
76
Northwest & Ethical Investments
Toronto,
Ontario, Canada
| – | -$5.95K | -477 | Closed |
|
|
SSB
77
Sandy Spring Bank
Olney,
Maryland
| – | -$3K | -200 | Closed |
|
78
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$2K | -175 | Closed |
|
|
IA
79
IFP Advisors
Tampa,
Florida
| – | +$199 | +12 | New |
|
PDS Hedge Fund Activity: Q4 2020 in Review
46 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2020, worth a combined $73.7M — up 53% from $48.1M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of PDS and 11 opened new positions — a net loss of 26 holders — while 14 trimmed existing stakes and 16 added.
The largest buyer was Acadian Asset Management, adding an estimated $5.77M. The largest seller was Scion Asset Management, exiting entirely with an estimated $2.88M sold.
- 46 institutional investors held Precision Drilling (PDS) as of Q4 2020, down from 72 in Q3 2020.
- Funds reported $73.7M of Precision Drilling stock for Q4 2020, up 53% quarter-over-quarter.
- 11 funds opened new Precision Drilling positions in Q4 2020 and 37 closed out, a net change of -26 holders.
- The largest Precision Drilling buyer in Q4 2020 was Acadian Asset Management, an estimated $5.77M added.
- The largest Precision Drilling seller in Q4 2020 was Scion Asset Management, an estimated $2.88M sold.
Based on aggregated 13F filings for Q4 2020.