Precision Drilling
PDS
151 hedge funds and large institutions have $896M invested in Precision Drilling in 2017 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 51 increasing their positions, 47 reducing their positions, and 25 closing their positions.
426% more call options, than puts
Call options by funds: $1.95M | Put options by funds: $371K
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
24% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 25
1% more funds holding
Funds holding: 149 → 151 (+2)
9% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 47
0.46% less ownership
Funds ownership: 3.69% → 3.23% (-0.46%)
23% less capital invested
Capital invested by funds: $1.16B → $896M (-$261M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$18.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$17M |
| 3 |
OIM
Oceanic Investment Management
Douglas,
Isle Of Man
|
+$14.8M |
| 4 |
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
|
+$12.9M |
| 5 |
PE
Point72 Europe
London,
United Kingdom
|
+$7.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$122M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$42.8M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$19.6M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$11.3M |
| 5 |
SCM
SIR Capital Management
New York
|
-$11.2M |
PDS Hedge Fund Activity: Q1 2017 in Review
151 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2017, worth a combined $896M — down 23% from $1.16B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PDS positions and 25 closed out — a net gain of 6 holders — while 51 added to existing stakes and 47 trimmed.
The largest buyer was Millennium Management, adding an estimated $18.5M. The largest seller was 1832 Asset Management, cutting an estimated $122M.
- 151 institutional investors held Precision Drilling (PDS) as of Q1 2017, up from 149 in Q4 2016.
- Funds reported $896M of Precision Drilling stock for Q1 2017, down 23% quarter-over-quarter.
- 31 funds opened new Precision Drilling positions in Q1 2017 and 25 closed out, a net change of +6 holders.
- The largest Precision Drilling buyer in Q1 2017 was Millennium Management, an estimated $18.5M added.
- The largest Precision Drilling seller in Q1 2017 was 1832 Asset Management, an estimated $122M sold.
Based on aggregated 13F filings for Q1 2017.