Precision Drilling
90 hedge funds and large institutions have $24.9M invested in Precision Drilling in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 43 reducing their positions, and 20 closing their positions.
0.12% less ownership
Funds ownership: 1.58% → 1.46% (-0.12%)
17% less funds holding
Funds holding: 108 → 90 (-18)
53% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 43
63% less call options, than puts
Call options by funds: $3K | Put options by funds: $8K
75% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 20
81% less capital invested
Capital invested by funds: $131M → $24.9M (-$106M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$19.2M |
| 2 |
MLIM
Mountain Lake Investment Management
Boca Raton,
Florida
|
+$1.3M |
| 3 |
Two Sigma Advisers
New York
|
+$1.19M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$782K |
| 5 |
Two Sigma Investments
New York
|
+$655K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$8.37M |
| 2 |
ECA
Encompass Capital Advisors
New York
|
-$6.94M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$2.86M |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$2.52M |
| 5 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$2.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Citigroup
New York
| – | -$6.35K | -299 | -99% |
|
|
QT
102
Quantbot Technologies
New York
| – | -$7K | -267 | Closed |
|
103
US Bancorp
Minneapolis,
Minnesota
| – | -$4K | -132 | Closed |
|
104
Rockefeller Capital Management
New York
| – | -$1K | -49 | Closed |
|
105
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$297 | -14 | -37% |
|
|
VFA
106
Valeo Financial Advisors
Carmel,
Indiana
| – | +$425 | +20 | New |
|
|
SWM
107
Sugarloaf Wealth Management
Duluth,
Georgia
| – | +$785 | +37 | +97% |
|
PDS Hedge Fund Activity: Q1 2020 in Review
90 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2020, worth a combined $24.9M — down 81% from $131M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PDS and 5 opened new positions — a net loss of 15 holders — while 43 trimmed existing stakes and 20 added.
The largest buyer was Fidelity International, adding an estimated $19.2M. The largest seller was Vanguard Group, cutting an estimated $8.37M.
- 90 institutional investors held Precision Drilling (PDS) as of Q1 2020, down from 108 in Q4 2019.
- Funds reported $24.9M of Precision Drilling stock for Q1 2020, down 81% quarter-over-quarter.
- 5 funds opened new Precision Drilling positions in Q1 2020 and 20 closed out, a net change of -15 holders.
- The largest Precision Drilling buyer in Q1 2020 was Fidelity International, an estimated $19.2M added.
- The largest Precision Drilling seller in Q1 2020 was Vanguard Group, an estimated $8.37M sold.
Based on aggregated 13F filings for Q1 2020.