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PDS

Precision Drilling
PDS

82 hedge funds and large institutions have $477M invested in Precision Drilling in 2022 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 28 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 6

150% more capital invested

Capital invested by funds: $191M → $477M (+$286M)

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

37% more call options, than puts

Call options by funds: $6.42M | Put options by funds: $4.7M

33% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 21

17% more funds holding

Funds holding: 70 → 82 (+12)

7.14% more ownership

Funds ownership: 40.08% → 47.22% (+7.1%)

Holders
82
Holders Change
+12
Holders Change %
+17.14%
% of All Funds
1.29%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
18
Increased
28
Reduced
21
Closed
6
Calls
$6.42M
Puts
$4.7M
Net Calls
+$1.72M
Net Calls Change
+$2.36M

Top Buyers

1
DCM
Driehaus Capital Management
Illinois
+$16.3M
2
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$12.4M
3
EGI
EAM Global Investors
California
+$5.96M
4
BCM
Barometer Capital Management
Ontario, Canada
+$5.67M
5
Millennium Management
Millennium Management
New York
+$4.38M

Top Sellers

1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$12.4M
2
PIC
PCJ Investment Counsel
Ontario, Canada
-$3.78M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$3.09M
4
MLIM
Mountain Lake Investment Management
Florida
-$2.62M
5
LBA
Letko, Brosseau & Associates
Quebec, Canada
-$1.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
Group One Trading
76
Group One Trading
Illinois
$2K +$1.17K +22 New
SC
77
Schubert & Co
Texas
$1K – – –
TSWM
78
Tyler-Stone Wealth Management
Ohio
$1K – – –
Citigroup
79
Citigroup
New York
$1K +$583 +11 +1,100%
AIC
80
Archer Investment Corporation
Indiana
$759 – – –
NAM
81
NewGen Asset Management
Ontario, Canada
– -$459K -13,000 Closed
Susquehanna International Group
82
Susquehanna International Group
Pennsylvania
– -$301K -5,678 Closed
PI
83
PEAK6 Investments
Illinois
– -$155K -2,934 Closed
VA
84
Verdad Advisers
Massachusetts
– -$37K -1,050 Closed
CA
85
CoreCap Advisors
Michigan
– -$1K -10 Closed
1 2 3
4

PDS Hedge Fund Activity: Q1 2022 in Review

82 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2022, worth a combined $477M — up 150% from $191M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new PDS positions and 6 closed out — a net gain of 12 holders — while 28 added to existing stakes and 21 trimmed.

The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $16.3M. The largest seller was Polar Asset Management Partners, cutting an estimated $12.4M.

  • 82 institutional investors held Precision Drilling (PDS) as of Q1 2022, up from 70 in Q4 2021.
  • Funds reported $477M of Precision Drilling stock for Q1 2022, up 150% quarter-over-quarter.
  • 18 funds opened new Precision Drilling positions in Q1 2022 and 6 closed out, a net change of +12 holders.
  • The largest Precision Drilling buyer in Q1 2022 was Driehaus Capital Management, an estimated $16.3M added.
  • The largest Precision Drilling seller in Q1 2022 was Polar Asset Management Partners, an estimated $12.4M sold.

Based on aggregated 13F filings for Q1 2022.