Precision Drilling
145 hedge funds and large institutions have $1.65B invested in Precision Drilling in 2013 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 48 increasing their positions, 38 reducing their positions, and 16 closing their positions.
125% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 16
41% more call options, than puts
Call options by funds: $992K | Put options by funds: $703K
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
26% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 38
15% more funds holding
Funds holding: 126 → 145 (+19)
0.24% less ownership
Funds ownership: 3.4% → 3.16% (-0.24%)
13% less capital invested
Capital invested by funds: $1.88B → $1.65B (-$235M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$95.7M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
+$70.2M |
| 3 |
FPP
Findlay Park Partners
London,
United Kingdom
|
+$39.3M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$19.7M |
| 5 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
+$18.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$399M |
| 2 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$38.6M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$28.2M |
| 4 |
TCP
TAMRO Capital Partners
Alexandria,
Virginia
|
-$25.4M |
| 5 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$23.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MBI
151
Montrusco Bolton Investments
Montreal,
Quebec, Canada
| – | -$481K | -2,420 | Closed |
|
152
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$403K | -2,032 | Closed |
|
153
JP Morgan Chase
New York
| – | -$278K | -1,403 | Closed |
|
|
HHC
154
Hutchin Hill Capital
New York
| – | -$121K | -610 | Closed |
|
|
TC
155
TFS Capital
West Chester,
Pennsylvania
| – | -$118K | -597 | Closed |
|
156
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$110K | -554 | Closed |
|
|
HIM
157
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$49K | -245 | Closed |
|
|
SC
158
Saturna Capital
Bellingham,
Washington
| – | -$29K | -149 | Closed |
|
|
PCM
159
Prelude Capital Management
New York
| – | -$15K | -75 | Closed |
|
|
LWM
160
Lenox Wealth Management
Cincinnati,
Ohio
| – | +$393 | +2 | New |
|
|
ST
161
Somerset Trust
Somerset,
Pennsylvania
| – | +$393 | +2 | New |
|
PDS Hedge Fund Activity: Q4 2013 in Review
145 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2013, worth a combined $1.65B — down 13% from $1.88B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new PDS positions and 16 closed out — a net gain of 20 holders — while 48 added to existing stakes and 38 trimmed.
The largest buyer was 1832 Asset Management, adding an estimated $95.7M. The largest seller was Alberta Investment Management Corp (AIMCo), cutting an estimated $399M.
- 145 institutional investors held Precision Drilling (PDS) as of Q4 2013, up from 126 in Q3 2013.
- Funds reported $1.65B of Precision Drilling stock for Q4 2013, down 13% quarter-over-quarter.
- 36 funds opened new Precision Drilling positions in Q4 2013 and 16 closed out, a net change of +20 holders.
- The largest Precision Drilling buyer in Q4 2013 was 1832 Asset Management, an estimated $95.7M added.
- The largest Precision Drilling seller in Q4 2013 was Alberta Investment Management Corp (AIMCo), an estimated $399M sold.
Based on aggregated 13F filings for Q4 2013.