Precision Drilling
170 hedge funds and large institutions have $2.77B 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.
1,036% more call options, than puts
Call options by funds: $8.82M | Put options by funds: $777K
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 → $2.77B (+$490M)
8% more funds holding
Funds holding: 157 → 170 (+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: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$121M |
| 2 |
AI
Axiom Investors
Greenwich,
Connecticut
|
+$57.4M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
+$57M |
| 4 |
UIM
USS Investment Management
London,
United Kingdom
|
+$50.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$32.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$67.9M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$35.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$34.6M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$32.7M |
| 5 |
SRAIM
Scheer Rowlett & Associates Investment Management
Toronto,
Ontario, Canada
|
-$29M |
PDS Hedge Fund Activity: Q2 2014 in Review
170 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2014, worth a combined $2.77B — 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 $2.77B 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.