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PDS

Precision Drilling

170 hedge funds and large institutions have $2.76B invested in Precision Drilling in 2014 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 56 increasing their positions, 56 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,108% more call options, than puts

Call options by funds: $8.82M | Put options by funds: $730K

45% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 29

21% more capital invested

Capital invested by funds: $2.28B → $2.76B (+$483M)

8% more funds holding

Funds holding: 157170 (+13)

0.1% more ownership

Funds ownership: 3.24%3.34% (+0.1%)

0% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 56

33% less funds holding in top 10

Funds holding in top 10: 64 (-2)

Holders
170
Holders Change
+13
Holders Change %
+8.28%
% of All Funds
4.89%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
42
Increased
56
Reduced
56
Closed
29
Calls
$8.82M
Puts
$730K
Net Calls
+$8.09M
Net Calls Change
+$6.98M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$310M -$34.6M -134,000 -11%
SFM
2
Systematic Financial Management
New Jersey
$133M +$121M +468,785 New
Allianz Asset Management
3
Allianz Asset Management
Germany
$129M -$17.8M -68,935 -13%
1832 Asset Management
4
1832 Asset Management
Ontario, Canada
$125M -$35.4M -137,338 -24%
Fiera Capital (Canada)
5
Fiera Capital (Canada)
Quebec, Canada
$123M +$16.4M +63,494 +17%
TD Asset Management
6
TD Asset Management
Ontario, Canada
$119M -$13.6M -52,642 -11%
AI
7
Axiom Investors
Connecticut
$104M +$57.4M +222,390 +152%
TCM
8
Tetrem Capital Management
Manitoba, Canada
$88.2M +$1.38M +5,370 +2%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$86.8M -$10.5M -40,886 -12%
Point72 Asset Management
10
Point72 Asset Management
Connecticut
$84.3M +$76.7M +297,575 New
Ninety One (UK)
11
Ninety One (UK)
United Kingdom
$80M +$57M +221,094 +362%
FPP
12
Findlay Park Partners
United Kingdom
$74.3M
Norges Bank
13
Norges Bank
Norway
$69.8M +$32.4M +125,463 +104%
Invesco
14
Invesco
Georgia
$65M +$6.89M +26,732 +13%
AII
15
AGF Investments Inc
Ontario, Canada
$64.5M -$11.5M -44,703 -16%
SRAIM
16
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$59M -$29M -112,600 -35%
UIM
17
USS Investment Management
United Kingdom
$55.2M +$50.3M +194,960 New
CC
18
Carlson Capital
Texas
$53.1M -$6.76M -26,195 -12%
LBA
19
Letko, Brosseau & Associates
Quebec, Canada
$49.2M -$2.26M -8,749 -5%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$49.1M +$4.14M +16,064 +10%
AIMCA
21
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$43.7M +$25.5M +98,762 +195%
Two Sigma Investments
22
Two Sigma Investments
New York
$39.2M +$24M +93,090 +206%
AAMU
23
Amundi Asset Management US
Massachusetts
$38.2M -$1.62M -6,295 -4%
Public Sector Pension Investment Board (PSP Investments)
24
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$37.9M -$111K -430 -0.3%
Connor, Clark & Lunn Investment Management (CC&L)
25
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$36.9M -$23M -89,099 -42%

PDS Hedge Fund Activity: Q2 2014 in Review

170 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2014, worth a combined $2.76B — up 21% from $2.28B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new PDS positions and 29 closed out — a net gain of 13 holders — while 56 added to existing stakes and 56 trimmed.

The largest buyer was Systematic Financial Management, opening a new position worth an estimated $121M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $67.9M.

  • 170 institutional investors held Precision Drilling (PDS) as of Q2 2014, up from 157 in Q1 2014.
  • Funds reported $2.76B of Precision Drilling stock for Q2 2014, up 21% quarter-over-quarter.
  • 42 funds opened new Precision Drilling positions in Q2 2014 and 29 closed out, a net change of +13 holders.
  • The largest Precision Drilling buyer in Q2 2014 was Systematic Financial Management, an estimated $121M added.
  • The largest Precision Drilling seller in Q2 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $67.9M sold.

Based on aggregated 13F filings for Q2 2014.