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PDS

Precision Drilling
PDS

127 hedge funds and large institutions have $519M invested in Precision Drilling in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 41 increasing their positions, 47 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more call options, than puts

Call options by funds: $549K | Put options by funds: $308K

24% more capital invested

Capital invested by funds: $417M → $519M (+$102M)

0.11% more ownership

Funds ownership: 2.55% → 2.65% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 130 → 127 (-3)

13% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 47

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

Holders
127
Holders Change
-3
Holders Change %
-2.31%
% of All Funds
2.91%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
10
Increased
41
Reduced
47
Closed
13
Calls
$549K
Puts
$308K
Net Calls
+$241K
Net Calls Change
+$76K

Top Buyers

1
Fidelity International
Fidelity International
Bermuda
+$86.5M
2
AII
AGF Investments Inc
Ontario, Canada
+$8.52M
3
SCM
Sirios Capital Management
Massachusetts
+$4.79M
4
MWNA
Marshall Wace North America
New York
+$3.69M
5
LSV Asset Management
LSV Asset Management
Illinois
+$3.22M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$56.6M
2
SFM
Systematic Financial Management
New Jersey
-$11.8M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$5.9M
4
TD Asset Management
TD Asset Management
Ontario, Canada
-$5.63M
5
Morgan Stanley
Morgan Stanley
New York
-$4.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
JG
101
Jefferies Group
New York
$41K +$41.3K +615 New
CS
102
Cannell & Spears
New York
$40K – – –
QC
103
QCM Cayman
Texas
$39K -$18.1K -269 -31%
OMCS
104
Old Mutual Customised Solutions
South Africa
$29K – – –
LTFS
105
Ladenburg Thalmann Financial Services
Florida
$26K – – –
SEI Investments
106
SEI Investments
Pennsylvania
$23K -$3.29K -49 -12%
FCMT
107
Founders Capital Management (Texas)
Texas
$18K +$3.36K +50 +22%
AIM
108
Anchor Investment Management
South Carolina
$13.5K – – –
Citigroup
109
Citigroup
New York
$10K – – –
Wells Fargo
110
Wells Fargo
California
$9K -$1.21K -18 -12%
AG
111
Advisor Group
Arizona
$6K -$49.8K -742 -90%
WTB
112
Washington Trust Bank
Washington
$5K – – –
BlackRock
113
BlackRock
New York
$5K +$2.69K +40 +87%
RAM
114
Riggs Asset Management
Pennsylvania
$4K – – –
Simplex Trading
115
Simplex Trading
Illinois
$3K -$42.1K -627 -92%
US Bancorp
116
US Bancorp
Minnesota
$3K -$2.82K -42 -46%
Fifth Third Bancorp
117
Fifth Third Bancorp
Ohio
$3K – – –
CS
118
Credential Securities
$2.8K – – –
DWM
119
Destination Wealth Management
California
$2K +$1.68K +25 New
IA
120
IFP Advisors
Florida
$1K – – –
OIA
121
OneDigital Investment Advisors
Kansas
$1K – – –
TDC
122
Thompson Davis & Co
Virginia
$1K – – –
RCAG
123
Rehmann Capital Advisory Group
Michigan
$402 -$43.5K -648 -99%
Point72 Asset Management
124
Point72 Asset Management
Connecticut
– -$5.9M -106,540 Closed
AJ
125
Ashburton (Jersey)
Jersey
– -$727K -13,120 Closed
2 3 4
5
6

PDS Hedge Fund Activity: Q2 2018 in Review

127 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2018, worth a combined $519M — up 24% from $417M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of PDS and 10 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 41 added.

The largest buyer was Fidelity International, opening a new position worth an estimated $86.5M. The largest seller was Fidelity Investments, cutting an estimated $56.6M.

  • 127 institutional investors held Precision Drilling (PDS) as of Q2 2018, down from 130 in Q1 2018.
  • Funds reported $519M of Precision Drilling stock for Q2 2018, up 24% quarter-over-quarter.
  • 10 funds opened new Precision Drilling positions in Q2 2018 and 13 closed out, a net change of -3 holders.
  • The largest Precision Drilling buyer in Q2 2018 was Fidelity International, an estimated $86.5M added.
  • The largest Precision Drilling seller in Q2 2018 was Fidelity Investments, an estimated $56.6M sold.

Based on aggregated 13F filings for Q2 2018.