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PDS

Precision Drilling
PDS

130 hedge funds and large institutions have $459M invested in Precision Drilling in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 37 increasing their positions, 34 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 34

4% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 27

0% more funds holding

Funds holding: 130 → 130 (0)

0.58% less ownership

Funds ownership: 3.1% → 2.52% (-0.58%)

23% less call options, than puts

Call options by funds: $79K | Put options by funds: $103K

26% less capital invested

Capital invested by funds: $621M → $459M (-$162M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
130
Holders Change
–
Holders Change %
0%
% of All Funds
3.24%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
28
Increased
37
Reduced
34
Closed
27
Calls
$79K
Puts
$103K
Net Calls
-$24K
Net Calls Change
-$709K

Top Buyers

Rank Fund Capital Flow
1
LBA
Letko, Brosseau & Associates
Quebec, Canada
+$29M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$25.2M
3
Deutsche Bank
Deutsche Bank
Germany
+$6.26M
4
Renaissance Technologies
Renaissance Technologies
New York
+$4.44M
5
Norges Bank
Norges Bank
Norway
+$4.03M

Top Sellers

Rank Fund Capital Flow
1
Franklin Resources
Franklin Resources
California
-$92.3M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$24.6M
3
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$19.6M
4
Millennium Management
Millennium Management
New York
-$11.2M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$11M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCI
101
Credit Capital Investments
New Jersey
$31K +$29K +500 New
OMCS
102
Old Mutual Customised Solutions
South Africa
$27K – – –
AssetMark Inc
103
AssetMark Inc
California
$25K -$1.04K -18 -4%
SEI Investments
104
SEI Investments
Pennsylvania
$24K – – –
Citigroup
105
Citigroup
New York
$24K +$3.13K +54 +16%
AG
106
Advisor Group
Arizona
$20K -$2.32K -40 -12%
Barclays
107
Barclays
United Kingdom
$18K -$1.78M -30,713 -99%
AIM
108
Anchor Investment Management
South Carolina
$12.7K – – –
LTFS
109
Ladenburg Thalmann Financial Services
Florida
$12K +$522 +9 +5%
FCMT
110
Founders Capital Management (Texas)
Texas
$6K – – –
PCM
111
Prelude Capital Management
New York
$5K +$4.93K +85 New
WTB
112
Washington Trust Bank
Washington
$4K -$6.08K -105 -60%
PNC Financial Services Group
113
PNC Financial Services Group
Pennsylvania
$4K +$4.12K +71 New
IIC
114
Integrated Investment Consultants
Michigan
$3K – – –
RAM
115
Riggs Asset Management
Pennsylvania
$3K – – –
US Bancorp
116
US Bancorp
Minnesota
$3K – – –
CS
117
Credential Securities
$2.64K – – –
BlackRock
118
BlackRock
New York
$2K +$406 +7 +20%
Fifth Third Bancorp
119
Fifth Third Bancorp
Ohio
$2K +$1.45K +25 New
IA
120
IFP Advisors
Florida
$1K – – –
OIA
121
OneDigital Investment Advisors
Kansas
$1K – – –
TDC
122
Thompson Davis & Co
Virginia
$1K – – –
BONST
123
Bank of Nova Scotia Trust
Ontario, Canada
$1K +$580 +10 New
VFA
124
Valeo Financial Advisors
Indiana
$1K +$695 +12 New
CGT
125
Capital Guardian Trust
California
$1K +$869 +15 New
3 4
5
6 7

PDS Hedge Fund Activity: Q3 2017 in Review

130 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2017, worth a combined $459M — down 26% from $621M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new PDS positions and 27 closed out — a net gain of 1 holder — while 37 added to existing stakes and 34 trimmed.

The largest buyer was Letko, Brosseau & Associates, adding an estimated $29M. The largest seller was Franklin Resources, cutting an estimated $92.3M.

  • 130 institutional investors held Precision Drilling (PDS) as of Q3 2017, unchanged from Q2 2017.
  • Funds reported $459M of Precision Drilling stock for Q3 2017, down 26% quarter-over-quarter.
  • 28 funds opened new Precision Drilling positions in Q3 2017 and 27 closed out, a net change of +1 holder.
  • The largest Precision Drilling buyer in Q3 2017 was Letko, Brosseau & Associates, an estimated $29M added.
  • The largest Precision Drilling seller in Q3 2017 was Franklin Resources, an estimated $92.3M sold.

Based on aggregated 13F filings for Q3 2017.