Precision Drilling
130 hedge funds and large institutions have $938M invested in Precision Drilling in 2015 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 37 increasing their positions, 44 reducing their positions, and 16 closing their positions.
2,039% more call options, than puts
Call options by funds: $3.21M | Put options by funds: $150K
44% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 16
14% more capital invested
Capital invested by funds: $825M → $938M (+$112M)
4% more funds holding
Funds holding: 125 → 130 (+5)
0.3% more ownership
Funds ownership: 3.72% → 4.02% (+0.3%)
16% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$67M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$28.1M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$20.8M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$14.7M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$9.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$23.8M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$16.7M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$9.6M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$8.04M |
| 5 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$5.19M |
PDS Hedge Fund Activity: Q4 2015 in Review
130 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2015, worth a combined $938M — up 14% from $825M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PDS positions and 16 closed out — a net gain of 7 holders — while 37 added to existing stakes and 44 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $67M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $23.8M.
- 130 institutional investors held Precision Drilling (PDS) as of Q4 2015, up from 125 in Q3 2015.
- Funds reported $938M of Precision Drilling stock for Q4 2015, up 14% quarter-over-quarter.
- 23 funds opened new Precision Drilling positions in Q4 2015 and 16 closed out, a net change of +7 holders.
- The largest Precision Drilling buyer in Q4 2015 was Fidelity Investments, an estimated $67M added.
- The largest Precision Drilling seller in Q4 2015 was DePrince Race & Zollo Inc (DRZ), an estimated $23.8M sold.
Based on aggregated 13F filings for Q4 2015.