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PDS

Precision Drilling
PDS

128 hedge funds and large institutions have $415M invested in Precision Drilling in 2017 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 37 increasing their positions, 49 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

538% more call options, than puts

Call options by funds: $370K | Put options by funds: $58K

0.21% less ownership

Funds ownership: 2.52% → 2.31% (-0.21%)

6% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 18

2% less funds holding

Funds holding: 130 → 128 (-2)

10% less capital invested

Capital invested by funds: $459M → $415M (-$44.6M)

24% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 49

Holders
128
Holders Change
-2
Holders Change %
-1.54%
% of All Funds
2.9%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
17
Increased
37
Reduced
49
Closed
18
Calls
$370K
Puts
$58K
Net Calls
+$312K
Net Calls Change
+$336K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$14M
2
MWNA
Marshall Wace North America
New York
+$11.1M
3
MLIM
Mountain Lake Investment Management
Florida
+$6.04M
4
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$3.59M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$3.5M

Top Sellers

1
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$30.6M
2
Franklin Resources
Franklin Resources
California
-$25.2M
3
Bank of America
Bank of America
North Carolina
-$3.48M
4
Morgan Stanley
Morgan Stanley
New York
-$3.45M
5
TD Asset Management
TD Asset Management
Ontario, Canada
-$3.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
126
Sirios Capital Management
Massachusetts
– -$734K -11,778 Closed
LOAME
127
Lombard Odier Asset Management (Europe)
United Kingdom
– -$499K -6,426 Closed
Axa
128
Axa
France
– -$339K -5,436 Closed
TSS
129
Two Sigma Securities
New York
– -$303K -4,861 Closed
QC
130
Quadrature Capital
United Kingdom
– -$214K -3,425 Closed
PPA
131
Parametric Portfolio Associates
Washington
– -$68K -1,090 Closed
BCM
132
BlueCrest Capital Management
Jersey
– -$67K -1,069 Closed
Verition Fund Management
133
Verition Fund Management
Connecticut
– -$50K -796 Closed
JG
134
Jefferies Group
New York
– -$39K -755 Closed
CGA
135
Crescent Grove Advisors
Illinois
– -$47K -750 Closed
GS
136
Girard Securities
California
– -$39K -619 Closed
PCM
137
Prelude Capital Management
New York
– -$5K -85 Closed
PNC Financial Services Group
138
PNC Financial Services Group
Pennsylvania
– -$4K -71 Closed
CGT
139
Capital Guardian Trust
California
– -$1K -15 Closed
BONST
140
Bank of Nova Scotia Trust
Ontario, Canada
– -$1K -10 Closed
CIBC Private Wealth Group
141
CIBC Private Wealth Group
Georgia
– +$110 +2 New
SWM
142
SeaCrest Wealth Management
New York
– +$164 +3 New
MSA
143
Marino Stram & Associates
Massachusetts
– +$219 +4 New
GFP
144
Gryphon Financial Partners
Ohio
– +$384 +7 New
2 3 4 5
6

PDS Hedge Fund Activity: Q4 2017 in Review

128 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2017, worth a combined $415M — down 9.7% from $459M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PDS and 17 opened new positions — a net loss of 1 holder — while 49 trimmed existing stakes and 37 added.

The largest buyer was Fidelity Investments, adding an estimated $14M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $30.6M sold.

  • 128 institutional investors held Precision Drilling (PDS) as of Q4 2017, down from 130 in Q3 2017.
  • Funds reported $415M of Precision Drilling stock for Q4 2017, down 9.7% quarter-over-quarter.
  • 17 funds opened new Precision Drilling positions in Q4 2017 and 18 closed out, a net change of -1 holder.
  • The largest Precision Drilling buyer in Q4 2017 was Fidelity Investments, an estimated $14M added.
  • The largest Precision Drilling seller in Q4 2017 was 1832 Asset Management, an estimated $30.6M sold.

Based on aggregated 13F filings for Q4 2017.