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PDS

Precision Drilling
PDS

119 hedge funds and large institutions have $390M invested in Precision Drilling in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 42 increasing their positions, 36 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more call options, than puts

Call options by funds: $3.17M | Put options by funds: $1.74M

18% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 17

17% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 36

2% more funds holding

Funds holding: 117 → 119 (+2)

1.09% more ownership

Funds ownership: 48.14% → 49.24% (+1.1%)

12% less capital invested

Capital invested by funds: $445M → $390M (-$54.5M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
119
Holders Change
+2
Holders Change %
+1.71%
% of All Funds
1.73%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
20
Increased
42
Reduced
36
Closed
17
Calls
$3.17M
Puts
$1.74M
Net Calls
+$1.43M
Net Calls Change
+$6.7M

Top Buyers

1
NP
Ninepoint Partners
Ontario, Canada
+$79.4M
2
Morgan Stanley
Morgan Stanley
New York
+$11.2M
3
ECA
Encompass Capital Advisors
New York
+$5.9M
4
SCM
SIR Capital Management
New York
+$5.01M
5
BC
Brookfield Corp
Ontario, Canada
+$4.53M

Top Sellers

1
HIM
Hillsdale Investment Management
Ontario, Canada
-$25.4M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$24.3M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$20.5M
4
American Century Companies
American Century Companies
Missouri
-$7.84M
5
GCM
GeoSphere Capital Management
Florida
-$4.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
101
US Bancorp
Minnesota
$22.5K +$4.56K +79 +24%
Wells Fargo
102
Wells Fargo
California
$16.3K -$2.19K -38 -11%
PP
103
Pacifica Partners
Canada
$14.5K – – –
PA
104
Parallel Advisors
California
$12K +$231 +4 +2%
1832 Asset Management
105
1832 Asset Management
Ontario, Canada
$9.5K – – –
Group One Trading
106
Group One Trading
Illinois
$5.43K -$677K -11,728 -99%
LC
107
Lindbrook Capital
California
$4.62K -$924 -16 -16%
Osaic Holdings
108
Osaic Holdings
Arizona
$3.26K -$7.51K -130 -68%
W
109
WealthCollab
Washington
$3.04K +$3.23K +56 New
RAM
110
Riggs Asset Management
Pennsylvania
$1.47K – – –
FFA
111
Farther Finance Advisors
California
$1.09K – – –
BTI
112
Blue Trust Inc
Georgia
$1K +$635 +11 New
TSWM
113
Tyler-Stone Wealth Management
Ohio
$869 – – –
GRP
114
Global Retirement Partners
California
$653 – – –
AIC
115
Archer Investment Corporation
Indiana
$543 – – –
AWM
116
Avior Wealth Management
Nebraska
$271 – – –
RhumbLine Advisers
117
RhumbLine Advisers
Massachusetts
$271 – – –
Northwestern Mutual Wealth Management
118
Northwestern Mutual Wealth Management
Wisconsin
$109 – – –
Citigroup
119
Citigroup
New York
$55 -$53.3K -923 -100%
HIM
120
Hillsdale Investment Management
Ontario, Canada
– -$25.4M -378,703 Closed
Arrowstreet Capital
121
Arrowstreet Capital
Massachusetts
– -$20.5M -306,180 Closed
GCM
122
GeoSphere Capital Management
Florida
– -$4.36M -65,000 Closed
Public Sector Pension Investment Board (PSP Investments)
123
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
– -$1.97M -29,202 Closed
EMCIP
124
Ewing Morris & Co Investment Partners
Ontario, Canada
– -$938K -14,000 Closed
PAMP
125
Polar Asset Management Partners
Ontario, Canada
– -$604K -9,000 Closed
2 3 4
5
6

PDS Hedge Fund Activity: Q4 2023 in Review

119 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2023, worth a combined $390M — down 12% from $445M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new PDS positions and 17 closed out — a net gain of 3 holders — while 42 added to existing stakes and 36 trimmed.

The largest buyer was Ninepoint Partners, opening a new position worth an estimated $79.4M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $25.4M sold.

  • 119 institutional investors held Precision Drilling (PDS) as of Q4 2023, up from 117 in Q3 2023.
  • Funds reported $390M of Precision Drilling stock for Q4 2023, down 12% quarter-over-quarter.
  • 20 funds opened new Precision Drilling positions in Q4 2023 and 17 closed out, a net change of +3 holders.
  • The largest Precision Drilling buyer in Q4 2023 was Ninepoint Partners, an estimated $79.4M added.
  • The largest Precision Drilling seller in Q4 2023 was Hillsdale Investment Management, an estimated $25.4M sold.

Based on aggregated 13F filings for Q4 2023.