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PDS

Precision Drilling
PDS

117 hedge funds and large institutions have $245M invested in Precision Drilling in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 42 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.13% less ownership

Funds ownership: 2.56% → 2.43% (-0.13%)

7% less funds holding

Funds holding: 126 → 117 (-9)

12% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 42

27% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 26

30% less call options, than puts

Call options by funds: $167K | Put options by funds: $237K

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

53% less capital invested

Capital invested by funds: $522M → $245M (-$276M)

Holders
117
Holders Change
-9
Holders Change %
-7.14%
% of All Funds
2.61%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
19
Increased
37
Reduced
42
Closed
26
Calls
$167K
Puts
$237K
Net Calls
-$70K
Net Calls Change
+$325K

Top Buyers

1
ECA
Encompass Capital Advisors
New York
+$16.4M
2
MLIM
Mountain Lake Investment Management
Florida
+$7.31M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$5.35M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$2.44M
5
AII
AGF Investments Inc
Ontario, Canada
+$2.2M

Top Sellers

1
Fidelity International
Fidelity International
Bermuda
-$20.1M
2
LCM
Lonestar Capital Management
California
-$15.6M
3
NP
Ninepoint Partners
Ontario, Canada
-$8.01M
4
SCM
Sirios Capital Management
Massachusetts
-$4.93M
5
Goldman Sachs
Goldman Sachs
New York
-$4.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
RAM
101
Riggs Asset Management
Pennsylvania
$2K – – –
WTB
102
Washington Trust Bank
Washington
$2K – – –
US Bancorp
103
US Bancorp
Minnesota
$2K +$1.04K +21 +42%
PA
104
Parallel Advisors
California
$2K +$3.12K +63 New
CQS
105
Credential Qtrade Securities
$1.46K – – –
IA
106
IFP Advisors
Florida
$1K – – –
AIM
107
Anchor Investment Management
South Carolina
$696 – – –
RCAG
108
Rehmann Capital Advisory Group
Michigan
$476 -$3.71K -75 -84%
LCM
109
Lonestar Capital Management
California
– -$15.6M -225,000 Closed
NP
110
Ninepoint Partners
Ontario, Canada
– -$8.01M -115,690 Closed
SCM
111
Sirios Capital Management
Massachusetts
– -$4.93M -71,320 Closed
LOAMU
112
Lombard Odier Asset Management (USA)
New York
– -$3.11M -45,000 Closed
CCM
113
Contrarian Capital Management
Connecticut
– -$2.91M -42,106 Closed
Marshall Wace
114
Marshall Wace
United Kingdom
– -$1.52M -22,043 Closed
PIC
115
PCJ Investment Counsel
Ontario, Canada
– -$632K -9,163 Closed
ECM
116
Element Capital Management
New York
– -$539K -7,783 Closed
BC
117
Brinker Capital
Pennsylvania
– -$424K -6,132 Closed
Walleye Trading
118
Walleye Trading
New York
– -$314K -4,543 Closed
BCM
119
BlueCrest Capital Management
Jersey
– -$295K -4,259 Closed
ARTA
120
A.R.T. Advisors
New York
– -$160K -2,320 Closed
Bank of New York Mellon
121
Bank of New York Mellon
New York
– -$127K -1,833 Closed
JT
122
Jump Trading
Illinois
– -$125K -1,805 Closed
DTL
123
Dynamic Technology Lab
Singapore
– -$103K -1,489 Closed
QSS
124
Quantitative Systematic Strategies
Florida
– -$102K -1,475 Closed
CC
125
Cipher Capital
New York
– -$93K -1,345 Closed
2 3 4
5
6

PDS Hedge Fund Activity: Q4 2018 in Review

117 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2018, worth a combined $245M — down 53% from $522M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of PDS and 19 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 37 added.

The largest buyer was Encompass Capital Advisors, opening a new position worth an estimated $16.4M. The largest seller was Fidelity International, cutting an estimated $20.1M.

  • 117 institutional investors held Precision Drilling (PDS) as of Q4 2018, down from 126 in Q3 2018.
  • Funds reported $245M of Precision Drilling stock for Q4 2018, down 53% quarter-over-quarter.
  • 19 funds opened new Precision Drilling positions in Q4 2018 and 26 closed out, a net change of -7 holders.
  • The largest Precision Drilling buyer in Q4 2018 was Encompass Capital Advisors, an estimated $16.4M added.
  • The largest Precision Drilling seller in Q4 2018 was Fidelity International, an estimated $20.1M sold.

Based on aggregated 13F filings for Q4 2018.