Precision Drilling
115 hedge funds and large institutions have $321M invested in Precision Drilling in 2019 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 34 increasing their positions, 41 reducing their positions, and 18 closing their positions.
113% more call options, than puts
Call options by funds: $253K | Put options by funds: $119K
31% more capital invested
Capital invested by funds: $245M → $321M (+$75.8M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.15% less ownership
Funds ownership: 2.43% → 2.28% (-0.15%)
6% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 18
2% less funds holding
Funds holding: 117 → 115 (-2)
17% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NP
Ninepoint Partners
Toronto,
Ontario, Canada
|
+$5.19M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$2.94M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.52M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$1.94M |
| 5 |
Two Sigma Investments
New York
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$12.7M |
| 2 |
ECA
Encompass Capital Advisors
New York
|
-$6.06M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$6.03M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$4.58M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$4.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
126
Parallel Advisors
San Francisco,
California
| – | -$2K | -63 | Closed |
|
|
IA
127
IFP Advisors
Tampa,
Florida
| – | -$1K | -15 | Closed |
|
128
Citigroup
New York
| – | -$633 | -14 | -78% |
|
PDS Hedge Fund Activity: Q1 2019 in Review
115 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2019, worth a combined $321M — up 31% from $245M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PDS and 17 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 34 added.
The largest buyer was Ninepoint Partners, opening a new position worth an estimated $5.19M. The largest seller was Systematic Financial Management, cutting an estimated $12.7M.
- 115 institutional investors held Precision Drilling (PDS) as of Q1 2019, down from 117 in Q4 2018.
- Funds reported $321M of Precision Drilling stock for Q1 2019, up 31% quarter-over-quarter.
- 17 funds opened new Precision Drilling positions in Q1 2019 and 18 closed out, a net change of -1 holder.
- The largest Precision Drilling buyer in Q1 2019 was Ninepoint Partners, an estimated $5.19M added.
- The largest Precision Drilling seller in Q1 2019 was Systematic Financial Management, an estimated $12.7M sold.
Based on aggregated 13F filings for Q1 2019.