Precision Drilling
112 hedge funds and large institutions have $592M invested in Precision Drilling in 2024 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 28 reducing their positions, and 23 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 28
12% more capital invested
Capital invested by funds: $529M → $592M (+$63.6M)
2.07% less ownership
Funds ownership: 53.78% → 51.7% (-2.1%)
7% less funds holding
Funds holding: 120 → 112 (-8)
26% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 23
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
46% less call options, than puts
Call options by funds: $5.48M | Put options by funds: $10.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$11.1M |
| 2 |
Morgan Stanley
New York
|
+$9.53M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$7.5M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$6.36M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$3.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$18.5M |
| 2 |
Two Sigma Investments
New York
|
-$8.74M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$7.71M |
| 4 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
-$6.24M |
| 5 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$5.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Renaissance Technologies
New York
| – | -$336K | -4,995 | Closed |
|
|
EGM
127
Engineers Gate Manager
New York
| – | -$309K | -4,585 | Closed |
|
|
MAA
128
Mraz Amerine & Associates
Modesto,
California
| – | -$307K | -4,567 | Closed |
|
|
AM
129
AGF Management
Toronto,
Ontario, Canada
| – | -$226K | -3,365 | Closed |
|
|
HF
130
HRT Financial
New York
| – | -$221K | -3,299 | Closed |
|
|
QT
131
Quantbot Technologies
New York
| – | -$174K | -2,593 | Closed |
|
|
TRCT
132
Tower Research Capital (TRC)
New York
| – | -$23.6K | -350 | Closed |
|
|
HT
133
Headlands Technologies
Chicago,
Illinois
| – | -$18.8K | -279 | Closed |
|
134
Simplex Trading
Chicago,
Illinois
| – | -$9.01K | -128 | Closed |
|
|
NA
135
NewEdge Advisors
New Orleans,
Louisiana
| – | -$7.2K | -107 | Closed |
|
PDS Hedge Fund Activity: Q2 2024 in Review
112 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2024, worth a combined $592M — up 12% from $529M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PDS and 17 opened new positions — a net loss of 6 holders — while 28 trimmed existing stakes and 44 added.
The largest buyer was Goldman Sachs, adding an estimated $11.1M. The largest seller was Waratah Capital Advisors, exiting entirely with an estimated $18.5M sold.
- 112 institutional investors held Precision Drilling (PDS) as of Q2 2024, down from 120 in Q1 2024.
- Funds reported $592M of Precision Drilling stock for Q2 2024, up 12% quarter-over-quarter.
- 17 funds opened new Precision Drilling positions in Q2 2024 and 23 closed out, a net change of -6 holders.
- The largest Precision Drilling buyer in Q2 2024 was Goldman Sachs, an estimated $11.1M added.
- The largest Precision Drilling seller in Q2 2024 was Waratah Capital Advisors, an estimated $18.5M sold.
Based on aggregated 13F filings for Q2 2024.