Precision Drilling
125 hedge funds and large institutions have $824M invested in Precision Drilling in 2015 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 56 increasing their positions, 33 reducing their positions, and 14 closing their positions.
494% more call options, than puts
Call options by funds: $1.23M | Put options by funds: $207K
70% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 33
0.34% more ownership
Funds ownership: 3.38% → 3.72% (+0.34%)
0% more funds holding
Funds holding: 125 → 125 (0)
0% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 14
37% less capital invested
Capital invested by funds: $1.3B → $824M (-$480M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$38.5M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$37.1M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$27.2M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$8.83M |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$5.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$15.2M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$15.1M |
| 3 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$7.28M |
| 4 |
ABC
Anchor Bolt Capital
Chicago,
Illinois
|
-$6.96M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$4.64M |
PDS Hedge Fund Activity: Q3 2015 in Review
125 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2015, worth a combined $824M — down 37% from $1.3B a quarter earlier.
Fund positioning in PDS was balanced in Q3 2015: 14 funds opened new positions, 14 closed out, 56 added to existing stakes and 33 trimmed.
The largest buyer was Franklin Resources, adding an estimated $38.5M. The largest seller was Fidelity Investments, cutting an estimated $15.2M.
- 125 institutional investors held Precision Drilling (PDS) as of Q3 2015, unchanged from Q2 2015.
- Funds reported $824M of Precision Drilling stock for Q3 2015, down 37% quarter-over-quarter.
- 14 funds opened new Precision Drilling positions in Q3 2015 and 14 closed out, a net change of 0 holders.
- The largest Precision Drilling buyer in Q3 2015 was Franklin Resources, an estimated $38.5M added.
- The largest Precision Drilling seller in Q3 2015 was Fidelity Investments, an estimated $15.2M sold.
Based on aggregated 13F filings for Q3 2015.