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PDS

Precision Drilling
PDS

101 hedge funds and large institutions have $262M invested in Precision Drilling in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 36 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more call options, than puts

Call options by funds: $4.48M | Put options by funds: $3.75M

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 36

8.05% less ownership

Funds ownership: 46.96% → 38.91% (-8.1%)

10% less funds holding

Funds holding: 112 → 101 (-11)

21% less capital invested

Capital invested by funds: $332M → $262M (-$70.7M)

50% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 20

Holders
101
Holders Change
-11
Holders Change %
-9.82%
% of All Funds
1.59%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
35
Reduced
36
Closed
20
Calls
$4.48M
Puts
$3.75M
Net Calls
+$722K
Net Calls Change
+$3.22M

Top Buyers

Rank Fund Capital Flow
1
ECA
Encompass Capital Advisors
New York
+$7.88M
2
EIG
EdgePoint Investment Group
Ontario, Canada
+$5.22M
3
QC
Quadrature Capital
United Kingdom
+$4.15M
4
CIBC World Market
CIBC World Market
Ontario, Canada
+$2.42M
5
NAM
NewGen Asset Management
Ontario, Canada
+$2.39M

Top Sellers

Rank Fund Capital Flow
1
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$15.2M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$13M
3
Millennium Management
Millennium Management
New York
-$8.1M
4
TD Asset Management
TD Asset Management
Ontario, Canada
-$4.91M
5
Morgan Stanley
Morgan Stanley
New York
-$4.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
76
Deutsche Bank
Germany
$57K -$735K -15,397 -93%
SAM
77
Shell Asset Management
Netherlands
$54K – – –
IRC
78
Investors Research Corp
Georgia
$34.4K – – –
S
79
SignatureFD
Georgia
$31.8K +$22.2K +464 +247%
QCG
80
Quadrant Capital Group
Ohio
$27.4K – – –
FCMT
81
Founders Capital Management (Texas)
Texas
$24.4K – – –
Osaic Holdings
82
Osaic Holdings
Arizona
$19K +$4.25K +89 +30%
US Bancorp
83
US Bancorp
Minnesota
$17.5K -$1.53K -32 -8%
Wells Fargo
84
Wells Fargo
California
$16.5K -$26.6K -558 -62%
PP
85
Pacifica Partners
Canada
$13K – – –
TRCT
86
Tower Research Capital (TRC)
New York
$10.1K -$13.8K -290 -58%
1832 Asset Management
87
1832 Asset Management
Ontario, Canada
$8.53K – – –
PA
88
Parallel Advisors
California
$6.29K -$859 -18 -12%
Northwestern Mutual Wealth Management
89
Northwestern Mutual Wealth Management
Wisconsin
$3.02K +$2.96K +62 New
FDCC
90
Foster Dykema Cabot & Co
Massachusetts
$2K +$3.82K +80 New
LC
91
Lindbrook Capital
California
$1.95K -$5.2K -109 -73%
OP
92
ORG Partners
Indiana
$1.73K +$1.67K +35 New
RAM
93
Riggs Asset Management
Pennsylvania
$1.32K – – –
TSWM
94
Tyler-Stone Wealth Management
Ohio
$1K +$764 +16 New
FFA
95
Farther Finance Advisors
California
$975 – – –
GRP
96
Global Retirement Partners
California
$585 – – –
AIC
97
Archer Investment Corporation
Indiana
$488 – – –
AWM
98
Avior Wealth Management
Nebraska
$243 – – –
RhumbLine Advisers
99
RhumbLine Advisers
Massachusetts
$243 +$239 +5 New
NSG
100
Nalls Sherbakoff Group
Tennessee
$211 – – –
1 2 3
4
5

PDS Hedge Fund Activity: Q2 2023 in Review

101 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2023, worth a combined $262M — down 21% from $332M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of PDS and 10 opened new positions — a net loss of 10 holders — while 36 trimmed existing stakes and 35 added.

The largest buyer was Encompass Capital Advisors, adding an estimated $7.88M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $15.2M.

  • 101 institutional investors held Precision Drilling (PDS) as of Q2 2023, down from 112 in Q1 2023.
  • Funds reported $262M of Precision Drilling stock for Q2 2023, down 21% quarter-over-quarter.
  • 10 funds opened new Precision Drilling positions in Q2 2023 and 20 closed out, a net change of -10 holders.
  • The largest Precision Drilling buyer in Q2 2023 was Encompass Capital Advisors, an estimated $7.88M added.
  • The largest Precision Drilling seller in Q2 2023 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $15.2M sold.

Based on aggregated 13F filings for Q2 2023.