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PDS

Precision Drilling
PDS

119 hedge funds and large institutions have $390M invested in Precision Drilling in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 42 increasing their positions, 36 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more call options, than puts

Call options by funds: $3.17M | Put options by funds: $1.74M

18% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 17

17% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 36

2% more funds holding

Funds holding: 117 → 119 (+2)

1.09% more ownership

Funds ownership: 48.14% → 49.24% (+1.1%)

12% less capital invested

Capital invested by funds: $445M → $390M (-$54.5M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
119
Holders Change
+2
Holders Change %
+1.71%
% of All Funds
1.73%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
20
Increased
42
Reduced
36
Closed
17
Calls
$3.17M
Puts
$1.74M
Net Calls
+$1.43M
Net Calls Change
+$6.7M

Top Buyers

1
NP
Ninepoint Partners
Ontario, Canada
+$79.4M
2
Morgan Stanley
Morgan Stanley
New York
+$11.2M
3
ECA
Encompass Capital Advisors
New York
+$5.9M
4
SCM
SIR Capital Management
New York
+$5.01M
5
BC
Brookfield Corp
Ontario, Canada
+$4.53M

Top Sellers

1
HIM
Hillsdale Investment Management
Ontario, Canada
-$25.4M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$24.3M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$20.5M
4
American Century Companies
American Century Companies
Missouri
-$7.84M
5
GCM
GeoSphere Capital Management
Florida
-$4.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
BWCS
76
Beirne Wealth Consulting Services
Connecticut
$313K +$333K +5,770 New
MAA
77
Mraz Amerine & Associates
California
$279K -$15.7K -271 -5%
CAI
78
Capital Advisors Inc
Oklahoma
$271K – – –
Toronto Dominion Bank
79
Toronto Dominion Bank
Ontario, Canada
$270K -$19.1K -330 -6%
Citadel Advisors
80
Citadel Advisors
Florida
$248K -$1.16M -20,094 -81%
AIM
81
Aigen Investment Management
New York
$244K +$260K +4,496 New
AIMCA
82
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$229K +$243K +4,200 New
GCM
83
Graham Capital Management
Connecticut
$208K +$221K +3,828 New
GAM
84
Gotham Asset Management
New York
$207K +$221K +3,819 New
Zurich Cantonal Bank
85
Zurich Cantonal Bank
Switzerland
$203K – – –
Barclays
86
Barclays
United Kingdom
$194K +$58 +1 +0%
ACM
87
Aquatic Capital Management
Illinois
$174K +$110K +1,900 +146%
State of Tennessee, Department of Treasury
88
State of Tennessee, Department of Treasury
Tennessee
$148K +$106K +1,831 +203%
NA
89
NewEdge Advisors
Louisiana
$144K +$635 +11 +0.4%
Simplex Trading
90
Simplex Trading
Illinois
$118K +$126K +2,187 New
Russell Investments Group
91
Russell Investments Group
United Kingdom
$87.5K +$92.6K +1,604 New
NEI
92
Northwest & Ethical Investments
Ontario, Canada
$82.1K -$606K -10,492 -87%
Deutsche Bank
93
Deutsche Bank
Germany
$56.1K – – –
SAM
94
Shell Asset Management
Netherlands
$49K -$11.6K -200 -18%
S
95
SignatureFD
Georgia
$47.9K -$2.19K -38 -4%
IRC
96
Investors Research Corp
Georgia
$38.3K – – –
SOW
97
State of Wyoming
Wyoming
$33.4K +$4.22K +73 +13%
QCG
98
Quadrant Capital Group
Ohio
$30.6K – – –
FCMT
99
Founders Capital Management (Texas)
Texas
$27.1K – – –
TRCT
100
Tower Research Capital (TRC)
New York
$22.7K -$76.8K -1,330 -76%
2 3
4
5 6

PDS Hedge Fund Activity: Q4 2023 in Review

119 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2023, worth a combined $390M — down 12% from $445M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new PDS positions and 17 closed out — a net gain of 3 holders — while 42 added to existing stakes and 36 trimmed.

The largest buyer was Ninepoint Partners, opening a new position worth an estimated $79.4M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $25.4M sold.

  • 119 institutional investors held Precision Drilling (PDS) as of Q4 2023, up from 117 in Q3 2023.
  • Funds reported $390M of Precision Drilling stock for Q4 2023, down 12% quarter-over-quarter.
  • 20 funds opened new Precision Drilling positions in Q4 2023 and 17 closed out, a net change of +3 holders.
  • The largest Precision Drilling buyer in Q4 2023 was Ninepoint Partners, an estimated $79.4M added.
  • The largest Precision Drilling seller in Q4 2023 was Hillsdale Investment Management, an estimated $25.4M sold.

Based on aggregated 13F filings for Q4 2023.