Precision Drilling
PDS
157 hedge funds and large institutions have $2.28B invested in Precision Drilling in 2014 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 46 increasing their positions, 57 reducing their positions, and 19 closing their positions.
155% more call options, than puts
Call options by funds: $1.82M | Put options by funds: $715K
74% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 19
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
38% more capital invested
Capital invested by funds: $1.65B → $2.28B (+$634M)
8% more funds holding
Funds holding: 145 → 157 (+12)
0.07% more ownership
Funds ownership: 3.16% → 3.24% (+0.07%)
19% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 57
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$52.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$49.2M |
| 3 |
AI
Axiom Investors
Greenwich,
Connecticut
|
+$29.4M |
| 4 |
OIM
Oceanic Investment Management
Douglas,
Isle Of Man
|
+$19.7M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$34.2M |
| 2 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
-$29.6M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
-$29M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$16M |
| 5 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
-$15.4M |
PDS Hedge Fund Activity: Q1 2014 in Review
157 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2014, worth a combined $2.28B — up 38% from $1.65B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PDS positions and 19 closed out — a net gain of 14 holders — while 46 added to existing stakes and 57 trimmed.
The largest buyer was SAC Capital Advisors, adding an estimated $52.1M. The largest seller was Greystone Managed Investments, exiting entirely with an estimated $34.2M sold.
- 157 institutional investors held Precision Drilling (PDS) as of Q1 2014, up from 145 in Q4 2013.
- Funds reported $2.28B of Precision Drilling stock for Q1 2014, up 38% quarter-over-quarter.
- 33 funds opened new Precision Drilling positions in Q1 2014 and 19 closed out, a net change of +14 holders.
- The largest Precision Drilling buyer in Q1 2014 was SAC Capital Advisors, an estimated $52.1M added.
- The largest Precision Drilling seller in Q1 2014 was Greystone Managed Investments, an estimated $34.2M sold.
Based on aggregated 13F filings for Q1 2014.