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PDS

Precision Drilling
PDS

112 hedge funds and large institutions have $435M invested in Precision Drilling in 2024 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 40 increasing their positions, 33 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 33

0% more funds holding

Funds holding: 112 → 112 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 17

3.02% less ownership

Funds ownership: 51.7% → 48.69% (-3%)

26% less capital invested

Capital invested by funds: $592M → $435M (-$157M)

64% less call options, than puts

Call options by funds: $2.79M | Put options by funds: $7.83M

Holders
112
Holders Change
–
Holders Change %
0%
% of All Funds
1.61%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
17
Increased
40
Reduced
33
Closed
17
Calls
$2.79M
Puts
$7.83M
Net Calls
-$5.04M
Net Calls Change
-$377K

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$8.47M
2
Citadel Advisors
Citadel Advisors
Florida
+$5.39M
3
HIM
Hillsdale Investment Management
Ontario, Canada
+$4.29M
4
ACA
AYAL Capital Advisors
Ontario, Canada
+$3.29M
5
SCM
SIR Capital Management
New York
+$3.29M

Top Sellers

Rank Fund Capital Flow
1
Fidelity International
Fidelity International
Bermuda
-$17.3M
2
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
-$12.8M
3
Goldman Sachs
Goldman Sachs
New York
-$10.5M
4
NP
Ninepoint Partners
Ontario, Canada
-$10.4M
5
ECA
Encompass Capital Advisors
New York
-$5.67M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIBC Private Wealth Group
101
CIBC Private Wealth Group
Georgia
$1.29K – – –
FFA
102
Farther Finance Advisors
California
$1.29K – – –
EWA
103
EverSource Wealth Advisors
Alabama
$740 -$6.08K -88 -88%
GRP
104
Global Retirement Partners
California
$740 – – –
AIC
105
Archer Investment Corporation
Indiana
$617 – – –
TCM
106
Tradewinds Capital Management
Washington
$617 – – –
CAM
107
Creekmur Asset Management
Illinois
$370 – – –
AWM
108
Avior Wealth Management
Nebraska
$308 – – –
RhumbLine Advisers
109
RhumbLine Advisers
Massachusetts
$184 – – –
SPIA
110
Steward Partners Investment Advisory
New York
$123 – – –
Fidelity Investments
111
Fidelity Investments
Massachusetts
$62 -$691 -10 -91%
Citigroup
112
Citigroup
New York
$62 – – –
Hotchkis & Wiley Capital Management
113
Hotchkis & Wiley Capital Management
California
– -$12.8M -181,330 Closed
Point72 Asset Management
114
Point72 Asset Management
Connecticut
– -$4.07M -57,949 Closed
Bank of Nova Scotia
115
Bank of Nova Scotia
Ontario, Canada
– -$1.98M -28,158 Closed
Ameriprise
116
Ameriprise
Minnesota
– -$1.62M -23,101 Closed
VI
117
Versor Investments
New York
– -$527K -7,501 Closed
SEI Investments
118
SEI Investments
Pennsylvania
– -$457K -6,500 Closed
LPL Financial
119
LPL Financial
California
– -$350K -4,970 Closed
MHP
120
Manatuck Hill Partners
Connecticut
– -$452K -4,700 Closed
CAI
121
Capital Advisors Inc
Oklahoma
– -$211K -3,000 Closed
Squarepoint
122
Squarepoint
New York
– -$210K -2,979 Closed
State of Tennessee, Department of Treasury
123
State of Tennessee, Department of Treasury
Tennessee
– -$208K -2,958 Closed
Creative Planning
124
Creative Planning
Kansas
– -$205K -2,916 Closed
ACM
125
Aquatic Capital Management
Illinois
– -$113K -1,600 Closed
2 3 4
5
6

PDS Hedge Fund Activity: Q3 2024 in Review

112 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2024, worth a combined $435M — down 26% from $592M a quarter earlier.

Fund positioning in PDS was balanced in Q3 2024: 17 funds opened new positions, 17 closed out, 40 added to existing stakes and 33 trimmed.

The largest buyer was Bank of America, adding an estimated $8.47M. The largest seller was Fidelity International, cutting an estimated $17.3M.

  • 112 institutional investors held Precision Drilling (PDS) as of Q3 2024, unchanged from Q2 2024.
  • Funds reported $435M of Precision Drilling stock for Q3 2024, down 26% quarter-over-quarter.
  • 17 funds opened new Precision Drilling positions in Q3 2024 and 17 closed out, a net change of 0 holders.
  • The largest Precision Drilling buyer in Q3 2024 was Bank of America, an estimated $8.47M added.
  • The largest Precision Drilling seller in Q3 2024 was Fidelity International, an estimated $17.3M sold.

Based on aggregated 13F filings for Q3 2024.