Precision Drilling
96 hedge funds and large institutions have $294M invested in Precision Drilling in 2022 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 29 increasing their positions, 31 reducing their positions, and 18 closing their positions.
11% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 18
2% more funds holding
Funds holding: 94 → 96 (+2)
0% more call options, than puts
Call options by funds: $4.74M | Put options by funds: $4.73M
0.65% less ownership
Funds ownership: 45.7% → 45.05% (-0.65%)
6% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 31
24% less capital invested
Capital invested by funds: $389M → $294M (-$95.1M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$10.9M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$9.34M |
| 3 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$8.4M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$5.33M |
| 5 |
Millennium Management
New York
|
+$3.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$10.6M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$8.11M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$6.2M |
| 4 |
EGI
EAM Global Investors
Solana Beach,
California
|
-$5.6M |
| 5 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
-$3.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
APP
101
Alpha Paradigm Partners
Chicago,
Illinois
| – | -$235K | -3,666 | Closed |
|
|
TPM
102
Triasima Portfolio Management
Montreal,
Quebec, Canada
| – | -$219K | -3,410 | Closed |
|
103
State of Tennessee, Department of Treasury
Nashville,
Tennessee
| – | -$205K | -3,200 | Closed |
|
104
SG Americas Securities
New York
| – | -$107K | -1,676 | Closed |
|
|
AIP
105
Ahrens Investment Partners
Lafayette,
Louisiana
| – | -$51K | -802 | Closed |
|
106
Wells Fargo
San Francisco,
California
| – | -$4K | -71 | Closed |
|
|
EW
107
Evoke Wealth
Los Angeles,
California
| – | -$3K | -50 | Closed |
|
|
CA
108
CoreCap Advisors
Southfield,
Michigan
| – | -$1K | -10 | Closed |
|
|
CCM
109
Chilton Capital Management
Houston,
Texas
| – | -$1K | -8 | Closed |
|
|
AF
110
Allworth Financial
Folsom,
California
| – | +$121 | +2 | New |
|
|
BTI
111
Blue Trust Inc
Alpharetta,
Georgia
| – | +$121 | +2 | New |
|
PDS Hedge Fund Activity: Q3 2022 in Review
96 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2022, worth a combined $294M — down 24% from $389M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PDS positions and 18 closed out — a net gain of 2 holders — while 29 added to existing stakes and 31 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $10.9M. The largest seller was Fidelity International, cutting an estimated $10.6M.
- 96 institutional investors held Precision Drilling (PDS) as of Q3 2022, up from 94 in Q2 2022.
- Funds reported $294M of Precision Drilling stock for Q3 2022, down 24% quarter-over-quarter.
- 20 funds opened new Precision Drilling positions in Q3 2022 and 18 closed out, a net change of +2 holders.
- The largest Precision Drilling buyer in Q3 2022 was Bank of Montreal, an estimated $10.9M added.
- The largest Precision Drilling seller in Q3 2022 was Fidelity International, an estimated $10.6M sold.
Based on aggregated 13F filings for Q3 2022.