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PDS

Precision Drilling

126 hedge funds and large institutions have $1.88B invested in Precision Drilling in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 45 increasing their positions, 43 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

62% more call options, than puts

Call options by funds: $2.17M | Put options by funds: $1.34M

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

19% more capital invested

Capital invested by funds: $1.58B → $1.88B (+$306M)

4% more funds holding

Funds holding: 121126 (+5)

5% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 43

0.1% more ownership

Funds ownership: 3.3%3.4% (+0.1%)

Holders
126
Holders Change
+5
Holders Change %
+4.13%
% of All Funds
4.09%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.1%
New
16
Increased
45
Reduced
43
Closed
9
Calls
$2.17M
Puts
$1.34M
Net Calls
+$834K
Net Calls Change
+$280K
Name Holding Trade Value Shares
Change
Change in
Stake
AIMCA
1
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$424M
Fidelity Investments
2
Fidelity Investments
Massachusetts
$224M -$5.93M -29,893 -3%
Allianz Asset Management
3
Allianz Asset Management
Germany
$105M -$798K -4,020 -0.8%
TD Asset Management
4
TD Asset Management
Ontario, Canada
$86M +$5.09M +25,659 +6%
Fiera Capital (Canada)
5
Fiera Capital (Canada)
Quebec, Canada
$81.2M +$34.2M +172,516 +73%
GMI
6
Greystone Managed Investments
Saskatchewan, Canada
$75.5M -$16.2M -81,588 -18%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$67.8M +$14.2M +71,470 +26%
Canada Life
8
Canada Life
Manitoba, Canada
$65.7M +$33.9M +170,883 +106%
TCM
9
Tetrem Capital Management
Manitoba, Canada
$55.3M +$53.7M +270,595 New
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$54.7M +$5.23M +26,365 +11%
SRAIM
11
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$53.1M +$7.54K +38 +0%
OCG
12
Opus Capital Group
Ohio
$46.7M -$469K -2,365 -1%
AII
13
AGF Investments Inc
Ontario, Canada
$43.3M -$3.37M -16,972 -7%
Connor, Clark & Lunn Investment Management (CC&L)
14
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$42.5M +$37.7M +190,169 +1,070%
DRZID
15
DePrince Race & Zollo Inc (DRZ)
Florida
$38.8M -$8.45M -42,593 -18%
LBA
16
Letko, Brosseau & Associates
Quebec, Canada
$36.8M -$153K -773 -0.4%
Invesco
17
Invesco
Georgia
$34.5M +$3.77K +19 +0%
IGIM
18
I.G. Investment Management
Manitoba, Canada
$29.4M -$2.03M -10,228 -6%
TAM
19
Third Avenue Management
New York
$28.2M +$53.6K +270 +0.2%
Public Sector Pension Investment Board (PSP Investments)
20
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$26.1M +$3.95M +19,900 +18%
TCP
21
TAMRO Capital Partners
Virginia
$25.4M -$327K -1,649 -1%
PIC
22
PCJ Investment Counsel
Ontario, Canada
$24.7M -$3.32M -16,715 -12%
Norges Bank
23
Norges Bank
Norway
$24M
AIM
24
Acuity Investment Management
Ontario, Canada
$20.5M +$5.06M +25,525 +33%
1832 Asset Management
25
1832 Asset Management
Ontario, Canada
$18.2M -$58.3M -294,043 -76%

PDS Hedge Fund Activity: Q3 2013 in Review

126 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2013, worth a combined $1.88B — up 19% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PDS positions and 9 closed out — a net gain of 7 holders — while 45 added to existing stakes and 43 trimmed.

The largest buyer was Tetrem Capital Management, opening a new position worth an estimated $53.7M. The largest seller was 1832 Asset Management, cutting an estimated $58.3M.

  • 126 institutional investors held Precision Drilling (PDS) as of Q3 2013, up from 121 in Q2 2013.
  • Funds reported $1.88B of Precision Drilling stock for Q3 2013, up 19% quarter-over-quarter.
  • 16 funds opened new Precision Drilling positions in Q3 2013 and 9 closed out, a net change of +7 holders.
  • The largest Precision Drilling buyer in Q3 2013 was Tetrem Capital Management, an estimated $53.7M added.
  • The largest Precision Drilling seller in Q3 2013 was 1832 Asset Management, an estimated $58.3M sold.

Based on aggregated 13F filings for Q3 2013.