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PDS

Precision Drilling

125 hedge funds and large institutions have $1.3B invested in Precision Drilling in 2015 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 31 increasing their positions, 53 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

470% more call options, than puts

Call options by funds: $7.67M | Put options by funds: $1.35M

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

2% more capital invested

Capital invested by funds: $1.28B → $1.3B (+$22.3M)

0.03% less ownership

Funds ownership: 3.41%3.38% (-0.03%)

5% less funds holding

Funds holding: 131125 (-6)

22% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 23

42% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 53

Holders
125
Holders Change
-6
Holders Change %
-4.58%
% of All Funds
3.37%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
18
Increased
31
Reduced
53
Closed
23
Calls
$7.67M
Puts
$1.35M
Net Calls
+$6.33M
Net Calls Change
+$5.88M
Name Holding Trade Value Shares
Change
Change in
Stake
Franklin Resources
1
Franklin Resources
California
$293M +$150M +1,084,876 +99%
SFM
2
Systematic Financial Management
New Jersey
$118M +$20.5M +147,934 +20%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$87.7M -$1.79M -12,929 -2%
DRZID
4
DePrince Race & Zollo Inc (DRZ)
Florida
$85.8M -$629K -4,537 -0.7%
Mackenzie Financial
5
Mackenzie Financial
Ontario, Canada
$84.1M -$531K -3,825 -0.6%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$74.2M -$16.1M -115,878 -17%
TCM
7
Tetrem Capital Management
Manitoba, Canada
$50.7M -$1.3M -9,364 -3%
1832 Asset Management
8
1832 Asset Management
Ontario, Canada
$49.4M -$23.7M -170,850 -32%
UIM
9
USS Investment Management
United Kingdom
$39.4M
TD Asset Management
10
TD Asset Management
Ontario, Canada
$36M -$6.55M -47,235 -15%
AII
11
AGF Investments Inc
Ontario, Canada
$31.8M -$5.04M -36,337 -13%
SRAIM
12
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$30.9M -$1.12M -8,043 -3%
Invesco
13
Invesco
Georgia
$23.7M +$9.24M +66,641 +61%
LBA
14
Letko, Brosseau & Associates
Quebec, Canada
$23.1M -$109K -785 -0.5%
Vanguard Group
15
Vanguard Group
Pennsylvania
$20.4M +$2.55M +18,349 +14%
RFC
16
Russell Frank Company
Washington
$19.1M -$591K -4,259 -3%
Public Sector Pension Investment Board (PSP Investments)
17
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$16.7M -$224K -1,615 -1%
Norges Bank
18
Norges Bank
Norway
$16.5M
State of Wisconsin Investment Board
19
State of Wisconsin Investment Board
Wisconsin
$15.1M
Point72 Asset Management
20
Point72 Asset Management
Connecticut
$15.1M -$4.13M -29,805 -21%
AIMCA
21
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$13.2M -$8.05M -58,039 -37%
Bank of Montreal
22
Bank of Montreal
Ontario, Canada
$12.1M +$495K +3,570 +4%
DGHMC
23
Dalton, Greiner, Hartman, Maher & Co
New York
$9.81M +$583K +4,203 +6%
IGIM
24
I.G. Investment Management
Manitoba, Canada
$7.28M -$132K -950 -2%
Comerica Bank
25
Comerica Bank
Texas
$7.13M +$4.43M +31,948 +151%

PDS Hedge Fund Activity: Q2 2015 in Review

125 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2015, worth a combined $1.3B — up 1.7% from $1.28B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of PDS and 18 opened new positions — a net loss of 5 holders — while 53 trimmed existing stakes and 31 added.

The largest buyer was Franklin Resources, adding an estimated $150M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $73M.

  • 125 institutional investors held Precision Drilling (PDS) as of Q2 2015, down from 131 in Q1 2015.
  • Funds reported $1.3B of Precision Drilling stock for Q2 2015, up 1.7% quarter-over-quarter.
  • 18 funds opened new Precision Drilling positions in Q2 2015 and 23 closed out, a net change of -5 holders.
  • The largest Precision Drilling buyer in Q2 2015 was Franklin Resources, an estimated $150M added.
  • The largest Precision Drilling seller in Q2 2015 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $73M sold.

Based on aggregated 13F filings for Q2 2015.