Precision Drilling
PDS
130 hedge funds and large institutions have $459M invested in Precision Drilling in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 37 increasing their positions, 34 reducing their positions, and 27 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 34
4% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 27
0% more funds holding
Funds holding: 130 → 130 (0)
0.58% less ownership
Funds ownership: 3.1% → 2.52% (-0.58%)
23% less call options, than puts
Call options by funds: $79K | Put options by funds: $103K
26% less capital invested
Capital invested by funds: $621M → $459M (-$162M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$29M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$25.2M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$6.26M |
| 4 |
Renaissance Technologies
New York
|
+$4.44M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$4.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$92.3M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$24.6M |
| 3 |
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
|
-$19.6M |
| 4 |
Millennium Management
New York
|
-$11.2M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$11M |
PDS Hedge Fund Activity: Q3 2017 in Review
130 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2017, worth a combined $459M — down 26% from $621M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PDS positions and 27 closed out — a net gain of 1 holder — while 37 added to existing stakes and 34 trimmed.
The largest buyer was Letko, Brosseau & Associates, adding an estimated $29M. The largest seller was Franklin Resources, cutting an estimated $92.3M.
- 130 institutional investors held Precision Drilling (PDS) as of Q3 2017, unchanged from Q2 2017.
- Funds reported $459M of Precision Drilling stock for Q3 2017, down 26% quarter-over-quarter.
- 28 funds opened new Precision Drilling positions in Q3 2017 and 27 closed out, a net change of +1 holder.
- The largest Precision Drilling buyer in Q3 2017 was Letko, Brosseau & Associates, an estimated $29M added.
- The largest Precision Drilling seller in Q3 2017 was Franklin Resources, an estimated $92.3M sold.
Based on aggregated 13F filings for Q3 2017.