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PDS

Precision Drilling
PDS

117 hedge funds and large institutions have $445M invested in Precision Drilling in 2023 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 37 increasing their positions, 39 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 6

70% more capital invested

Capital invested by funds: $262M → $445M (+$183M)

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

16% more funds holding

Funds holding: 101 → 117 (+16)

9.23% more ownership

Funds ownership: 38.91% → 48.14% (+9.2%)

5% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 39

45% less call options, than puts

Call options by funds: $6.41M | Put options by funds: $11.7M

Holders
117
Holders Change
+16
Holders Change %
+15.84%
% of All Funds
1.86%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
22
Increased
37
Reduced
39
Closed
6
Calls
$6.41M
Puts
$11.7M
Net Calls
-$5.26M
Net Calls Change
-$5.99M

Top Buyers

Rank Fund Capital Flow
1
HIM
Hillsdale Investment Management
Ontario, Canada
+$24.1M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$19.5M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$14.4M
4
American Century Companies
American Century Companies
Missouri
+$13.3M
5
SCM
SIR Capital Management
New York
+$7.94M

Top Sellers

Rank Fund Capital Flow
1
ECA
Encompass Capital Advisors
New York
-$10.7M
2
QC
Quadrature Capital
United Kingdom
-$8.9M
3
NAM
NewGen Asset Management
Ontario, Canada
-$6.52M
4
Fidelity International
Fidelity International
Bermuda
-$6.36M
5
MLIM
Mountain Lake Investment Management
Florida
-$2.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
101
US Bancorp
Minnesota
$22.6K -$1.46K -23 -6%
PP
102
Pacifica Partners
Canada
$15.4K – – –
PA
103
Parallel Advisors
California
$14.6K +$5.59K +88 +68%
Osaic Holdings
104
Osaic Holdings
Arizona
$12.8K -$12.7K -200 -51%
1832 Asset Management
105
1832 Asset Management
Ontario, Canada
$11.7K – – –
LC
106
Lindbrook Capital
California
$6.78K +$3.88K +61 +153%
OP
107
ORG Partners
Indiana
$2.35K – – –
RAM
108
Riggs Asset Management
Pennsylvania
$1.81K – – –
FFA
109
Farther Finance Advisors
California
$1.34K – – –
TSWM
110
Tyler-Stone Wealth Management
Ohio
$1K – – –
GRP
111
Global Retirement Partners
California
$705 – – –
AIC
112
Archer Investment Corporation
Indiana
$671 – – –
HPC
113
HM Payson & Co
Maine
$537 +$509 +8 New
NSG
114
Nalls Sherbakoff Group
Tennessee
$336 – – –
AWM
115
Avior Wealth Management
Nebraska
$335 – – –
RhumbLine Advisers
116
RhumbLine Advisers
Massachusetts
$335 – – –
AF
117
Allworth Financial
California
$135 – – –
Northwestern Mutual Wealth Management
118
Northwestern Mutual Wealth Management
Wisconsin
$134 -$3.81K -60 -97%
Balyasny Asset Management
119
Balyasny Asset Management
Illinois
– -$2.08M -42,701 Closed
AIM
120
Aigen Investment Management
New York
– -$591K -12,109 Closed
SAM
121
Scion Asset Management
California
– -$569K -11,630 Closed
VI
122
Versor Investments
New York
– -$283K -5,784 Closed
Susquehanna International Group
123
Susquehanna International Group
Pennsylvania
– -$362K -5,691 Closed
FDCC
124
Foster Dykema Cabot & Co
Massachusetts
– -$2K -80 Closed
1 2 3 4
5

PDS Hedge Fund Activity: Q3 2023 in Review

117 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2023, worth a combined $445M — up 70% from $262M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PDS positions and 6 closed out — a net gain of 16 holders — while 37 added to existing stakes and 39 trimmed.

The largest buyer was Hillsdale Investment Management, opening a new position worth an estimated $24.1M. The largest seller was Encompass Capital Advisors, cutting an estimated $10.7M.

  • 117 institutional investors held Precision Drilling (PDS) as of Q3 2023, up from 101 in Q2 2023.
  • Funds reported $445M of Precision Drilling stock for Q3 2023, up 70% quarter-over-quarter.
  • 22 funds opened new Precision Drilling positions in Q3 2023 and 6 closed out, a net change of +16 holders.
  • The largest Precision Drilling buyer in Q3 2023 was Hillsdale Investment Management, an estimated $24.1M added.
  • The largest Precision Drilling seller in Q3 2023 was Encompass Capital Advisors, an estimated $10.7M sold.

Based on aggregated 13F filings for Q3 2023.