Precision Drilling
126 hedge funds and large institutions have $1.89B 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.
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: 2 → 3 (+1)
20% more capital invested
Capital invested by funds: $1.58B → $1.89B (+$308M)
4% more funds holding
Funds holding: 121 → 126 (+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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tetrem Capital Management
Winnipeg,
Manitoba, Canada
|
+$53.7M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$37.7M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$34.2M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$33.9M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$14.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$58.3M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$27.8M |
| 3 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$16.2M |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$12.7M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$8.45M |
PDS Hedge Fund Activity: Q3 2013 in Review
126 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2013, worth a combined $1.89B — up 20% 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 $1.89B of Precision Drilling stock for Q3 2013, up 20% 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.