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PDS

Precision Drilling

130 hedge funds and large institutions have $937M 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.

New
Increased
Maintained
Reduced
Closed

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: $824M → $937M (+$112M)

4% more funds holding

Funds holding: 125130 (+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

Holders
130
Holders Change
+5
Holders Change %
+4%
% of All Funds
3.41%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
23
Increased
37
Reduced
44
Closed
16
Calls
$3.21M
Puts
$150K
Net Calls
+$3.06M
Net Calls Change
+$2.04M
Name Holding Trade Value Shares
Change
Change in
Stake
Franklin Resources
1
Franklin Resources
California
$224M +$20.8M +252,736 +10%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$95.5M +$67M +815,426 +208%
Mackenzie Financial
3
Mackenzie Financial
Ontario, Canada
$89M +$9.55M +116,089 +12%
SFM
4
Systematic Financial Management
New Jersey
$68.8M -$8.04M -97,794 -10%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$57.8M -$16.7M -203,426 -22%
Deutsche Bank
6
Deutsche Bank
Germany
$31.3M +$28.1M +341,336 +617%
UIM
7
USS Investment Management
United Kingdom
$31M
DRZID
8
DePrince Race & Zollo Inc (DRZ)
Florida
$27.7M -$23.8M -289,309 -45%
1832 Asset Management
9
1832 Asset Management
Ontario, Canada
$27.6M -$2.69M -32,700 -8%
TCM
10
Tetrem Capital Management
Manitoba, Canada
$23.3M +$16.4K +199 +0.1%
Fiera Capital (Canada)
11
Fiera Capital (Canada)
Quebec, Canada
$22.9M +$334K +4,062 +1%
TD Asset Management
12
TD Asset Management
Ontario, Canada
$20.4M -$376K -4,569 -2%
Connor, Clark & Lunn Investment Management (CC&L)
13
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$17M +$14.7M +178,216 +468%
AII
14
AGF Investments Inc
Ontario, Canada
$15.4M +$58.8K +715 +0.4%
Vanguard Group
15
Vanguard Group
Pennsylvania
$14.5M +$1.18M +14,372 +8%
LBA
16
Letko, Brosseau & Associates
Quebec, Canada
$13.7M +$5.02K +61 +0%
SRAIM
17
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$13.2M -$3.42M -41,650 -20%
Invesco
18
Invesco
Georgia
$12.8M -$98.2K -1,194 -0.7%
Norges Bank
19
Norges Bank
Norway
$12.3M +$2.76M +33,525 +27%
Public Sector Pension Investment Board (PSP Investments)
20
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$9.38M -$97.4K -1,185 -1%
DGHMC
21
Dalton, Greiner, Hartman, Maher & Co
New York
$9.28M +$333K +4,050 +4%
AIMCA
22
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$7.75M -$4.31M -52,416 -35%
Morgan Stanley
23
Morgan Stanley
New York
$5.91M -$1.31M -15,967 -18%
ERSOT
24
Employees Retirement System of Texas
Texas
$4.19M +$3.49M +42,400 +393%
OTPPB
25
Ontario Teachers' Pension Plan Board
Ontario, Canada
$3.94M

PDS Hedge Fund Activity: Q4 2015 in Review

130 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2015, worth a combined $937M — up 14% from $824M 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 $937M 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.