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PDS

Precision Drilling
PDS

126 hedge funds and large institutions have $1.88B invested in Precision Drilling in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 45 increasing their positions, 43 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

62% more call options, than puts

Call options by funds: $2.17M | Put options by funds: $1.34M

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

19% more capital invested

Capital invested by funds: $1.58B → $1.88B (+$306M)

4% more funds holding

Funds holding: 121 → 126 (+5)

5% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 43

0.1% more ownership

Funds ownership: 3.3% → 3.4% (+0.1%)

Holders
126
Holders Change
+5
Holders Change %
+4.13%
% of All Funds
4.09%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.1%
New
16
Increased
45
Reduced
43
Closed
9
Calls
$2.17M
Puts
$1.34M
Net Calls
+$834K
Net Calls Change
+$280K

Top Buyers

1
TCM
Tetrem Capital Management
Manitoba, Canada
+$53.7M
2
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$37.7M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$34.2M
4
Canada Life
Canada Life
Manitoba, Canada
+$33.9M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$14.2M

Top Sellers

1
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$58.3M
2
William Blair & Company
William Blair & Company
Illinois
-$27.8M
3
GMI
Greystone Managed Investments
Saskatchewan, Canada
-$16.2M
4
IIM
Intact Investment Management
Quebec, Canada
-$12.7M
5
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$8.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
Manulife (Manufacturers Life Insurance)
126
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$702 +$99.4K +501 +17%
William Blair & Company
127
William Blair & Company
Illinois
– -$27.8M -163,848 Closed
Schroder Investment Management Group
128
Schroder Investment Management Group
United Kingdom
– -$2.19M -12,913 Closed
OAM
129
Oxford Asset Management
United Kingdom
– -$519K -3,032 Closed
ACI
130
AMP Capital Investors
Australia
– -$319K -1,860 Closed
Susquehanna International Group
131
Susquehanna International Group
Pennsylvania
– -$316K -1,592 Closed
HI
132
HBK Investments
Texas
– -$142K -830 Closed
Boston Partners
133
Boston Partners
Massachusetts
– -$100K -585 Closed
ST
134
Spot Trading
Illinois
– -$90K -527 Closed
PTC
135
Private Trust Company
Ohio
– -$13K -75 Closed
2 3 4 5
6

PDS Hedge Fund Activity: Q3 2013 in Review

126 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2013, worth a combined $1.88B — up 19% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PDS positions and 9 closed out — a net gain of 7 holders — while 45 added to existing stakes and 43 trimmed.

The largest buyer was Tetrem Capital Management, opening a new position worth an estimated $53.7M. The largest seller was 1832 Asset Management, cutting an estimated $58.3M.

  • 126 institutional investors held Precision Drilling (PDS) as of Q3 2013, up from 121 in Q2 2013.
  • Funds reported $1.88B of Precision Drilling stock for Q3 2013, up 19% quarter-over-quarter.
  • 16 funds opened new Precision Drilling positions in Q3 2013 and 9 closed out, a net change of +7 holders.
  • The largest Precision Drilling buyer in Q3 2013 was Tetrem Capital Management, an estimated $53.7M added.
  • The largest Precision Drilling seller in Q3 2013 was 1832 Asset Management, an estimated $58.3M sold.

Based on aggregated 13F filings for Q3 2013.