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PDS

Precision Drilling

170 hedge funds and large institutions have $2.76B invested in Precision Drilling in 2014 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 56 increasing their positions, 56 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,108% more call options, than puts

Call options by funds: $8.82M | Put options by funds: $730K

45% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 29

21% more capital invested

Capital invested by funds: $2.28B → $2.76B (+$483M)

8% more funds holding

Funds holding: 157170 (+13)

0.1% more ownership

Funds ownership: 3.24%3.34% (+0.1%)

0% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 56

33% less funds holding in top 10

Funds holding in top 10: 64 (-2)

Holders
170
Holders Change
+13
Holders Change %
+8.28%
% of All Funds
4.89%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
42
Increased
56
Reduced
56
Closed
29
Calls
$8.82M
Puts
$730K
Net Calls
+$8.09M
Net Calls Change
+$6.98M
Name Holding Trade Value Shares
Change
Change in
Stake
FIM
126
Freedom Investment Management
Connecticut
$292K +$266K +1,030 New
GVT
127
Genesee Valley Trust
New York
$291K +$265K +1,027 New
CS
128
Credential Securities
$291K +$166K +642 +165%
RG
129
Renaissance Group
Kentucky
$284K +$259K +1,004 New
PPCM
130
Pillar Pacific Capital Management
California
$282K
PI
131
PineBridge Investments
New York
$268K +$229K +887 New
JIR
132
James Investment Research
Ohio
$265K +$53.6K +208 +29%
CIBC Private Wealth Group
133
CIBC Private Wealth Group
Georgia
$260K +$24.8K +96 +12%
1CM
134
1492 Capital Management
Wisconsin
$253K +$230K +892 New
PA
135
Pinnacle Associates
New York
$233K
VKH
136
Virtu KCG Holdings
New York
$226K -$354K -1,373 -63%
WAM
137
World Asset Management
Michigan
$222K -$4.13K -16 -2%
RJA
138
Raymond James & Associates
Florida
$218K +$198K +769 New
PAMP
139
Polar Asset Management Partners
Ontario, Canada
$188K +$172K +665 New
Group One Trading
140
Group One Trading
Illinois
$179K +$163K +631 New
OC
141
Oppenheimer & Co
New York
$178K +$2.84K +11 +2%
TRCT
142
Tower Research Capital (TRC)
New York
$160K +$90.3K +350 +196%
DTL
143
Dynamic Technology Lab
Singapore
$152K -$81K -314 -37%
LPL Financial
144
LPL Financial
California
$152K +$138K +536 New
California Public Employees Retirement System
145
California Public Employees Retirement System
California
$147K +$134K +521 New
ONB
146
Old National Bancorp
Indiana
$142K
OMCS
147
Old Mutual Customised Solutions
South Africa
$125K
AllianceBernstein
148
AllianceBernstein
Tennessee
$110K
CCS
149
Crosspoint Capital Strategies
California
$88K +$83.8K +325 New
MFS
150
MSI Financial Services
Massachusetts
$44K +$40K +155 +7,750%

PDS Hedge Fund Activity: Q2 2014 in Review

170 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2014, worth a combined $2.76B — up 21% from $2.28B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new PDS positions and 29 closed out — a net gain of 13 holders — while 56 added to existing stakes and 56 trimmed.

The largest buyer was Systematic Financial Management, opening a new position worth an estimated $121M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $67.9M.

  • 170 institutional investors held Precision Drilling (PDS) as of Q2 2014, up from 157 in Q1 2014.
  • Funds reported $2.76B of Precision Drilling stock for Q2 2014, up 21% quarter-over-quarter.
  • 42 funds opened new Precision Drilling positions in Q2 2014 and 29 closed out, a net change of +13 holders.
  • The largest Precision Drilling buyer in Q2 2014 was Systematic Financial Management, an estimated $121M added.
  • The largest Precision Drilling seller in Q2 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $67.9M sold.

Based on aggregated 13F filings for Q2 2014.