Precision Drilling
112 hedge funds and large institutions have $435M invested in Precision Drilling in 2024 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 40 increasing their positions, 33 reducing their positions, and 17 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 33
0% more funds holding
Funds holding: 112 → 112 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 17
3.02% less ownership
Funds ownership: 51.7% → 48.69% (-3%)
26% less capital invested
Capital invested by funds: $592M → $435M (-$157M)
64% less call options, than puts
Call options by funds: $2.79M | Put options by funds: $7.83M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$8.47M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$5.39M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$4.29M |
| 4 |
ACA
AYAL Capital Advisors
Toronto,
Ontario, Canada
|
+$3.29M |
| 5 |
SCM
SIR Capital Management
New York
|
+$3.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$17.3M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$12.8M |
| 3 |
Goldman Sachs
New York
|
-$10.5M |
| 4 |
NP
Ninepoint Partners
Toronto,
Ontario, Canada
|
-$10.4M |
| 5 |
ECA
Encompass Capital Advisors
New York
|
-$5.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$72.7K | -1,033 | Closed |
|
127
1832 Asset Management
Toronto,
Ontario, Canada
| – | -$14.3K | -203 | Closed |
|
|
PA
128
PSI Advisors
Tampa,
Florida
| – | -$1.41K | -20 | Closed |
|
|
TSWM
129
Tyler-Stone Wealth Management
Beachwood,
Ohio
| – | -$1.13K | -16 | Closed |
|
PDS Hedge Fund Activity: Q3 2024 in Review
112 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2024, worth a combined $435M — down 26% from $592M a quarter earlier.
Fund positioning in PDS was balanced in Q3 2024: 17 funds opened new positions, 17 closed out, 40 added to existing stakes and 33 trimmed.
The largest buyer was Bank of America, adding an estimated $8.47M. The largest seller was Fidelity International, cutting an estimated $17.3M.
- 112 institutional investors held Precision Drilling (PDS) as of Q3 2024, unchanged from Q2 2024.
- Funds reported $435M of Precision Drilling stock for Q3 2024, down 26% quarter-over-quarter.
- 17 funds opened new Precision Drilling positions in Q3 2024 and 17 closed out, a net change of 0 holders.
- The largest Precision Drilling buyer in Q3 2024 was Bank of America, an estimated $8.47M added.
- The largest Precision Drilling seller in Q3 2024 was Fidelity International, an estimated $17.3M sold.
Based on aggregated 13F filings for Q3 2024.