Precision Drilling
108 hedge funds and large institutions have $131M invested in Precision Drilling in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 37 reducing their positions, and 15 closing their positions.
52% more call options, than puts
Call options by funds: $70K | Put options by funds: $46K
6% more capital invested
Capital invested by funds: $124M → $131M (+$6.88M)
5% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 37
0.25% less ownership
Funds ownership: 1.83% → 1.58% (-0.25%)
2% less funds holding
Funds holding: 110 → 108 (-2)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
+$1.15M |
| 2 |
SCM
SIR Capital Management
New York
|
+$1.07M |
| 3 |
Two Sigma Investments
New York
|
+$998K |
| 4 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$715K |
| 5 |
Two Sigma Advisers
New York
|
+$595K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$8.37M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$2.85M |
| 3 |
MLIM
Mountain Lake Investment Management
Boca Raton,
Florida
|
-$2.35M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$2.25M |
PDS Hedge Fund Activity: Q4 2019 in Review
108 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2019, worth a combined $131M — up 5.5% from $124M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PDS and 13 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 39 added.
The largest buyer was Encompass Capital Advisors, adding an estimated $1.15M. The largest seller was Fidelity Investments, cutting an estimated $8.37M.
- 108 institutional investors held Precision Drilling (PDS) as of Q4 2019, down from 110 in Q3 2019.
- Funds reported $131M of Precision Drilling stock for Q4 2019, up 5.5% quarter-over-quarter.
- 13 funds opened new Precision Drilling positions in Q4 2019 and 15 closed out, a net change of -2 holders.
- The largest Precision Drilling buyer in Q4 2019 was Encompass Capital Advisors, an estimated $1.15M added.
- The largest Precision Drilling seller in Q4 2019 was Fidelity Investments, an estimated $8.37M sold.
Based on aggregated 13F filings for Q4 2019.