Precision Drilling
PDS
146 hedge funds and large institutions have $1.07B invested in Precision Drilling in 2014 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 58 increasing their positions, 41 reducing their positions, and 44 closing their positions.
1,123% more call options, than puts
Call options by funds: $10.3M | Put options by funds: $845K
41% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 41
0.23% less ownership
Funds ownership: 3.23% → 2.99% (-0.23%)
10% less funds holding
Funds holding: 162 → 146 (-16)
34% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 44
48% less capital invested
Capital invested by funds: $2.04B → $1.07B (-$969M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$72.1M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$63M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$39.1M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$31.4M |
| 5 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$20.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$91.2M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
-$42.8M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$41.3M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
-$39.8M |
| 5 |
FPP
Findlay Park Partners
London,
United Kingdom
|
-$33.9M |
PDS Hedge Fund Activity: Q4 2014 in Review
146 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2014, worth a combined $1.07B — down 48% from $2.04B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of PDS and 29 opened new positions — a net loss of 15 holders — while 41 trimmed existing stakes and 58 added.
The largest buyer was Mackenzie Financial, adding an estimated $72.1M. The largest seller was Axiom Investors, exiting entirely with an estimated $91.2M sold.
- 146 institutional investors held Precision Drilling (PDS) as of Q4 2014, down from 162 in Q3 2014.
- Funds reported $1.07B of Precision Drilling stock for Q4 2014, down 48% quarter-over-quarter.
- 29 funds opened new Precision Drilling positions in Q4 2014 and 44 closed out, a net change of -15 holders.
- The largest Precision Drilling buyer in Q4 2014 was Mackenzie Financial, an estimated $72.1M added.
- The largest Precision Drilling seller in Q4 2014 was Axiom Investors, an estimated $91.2M sold.
Based on aggregated 13F filings for Q4 2014.