Precision Drilling
132 hedge funds and large institutions have $1.16B invested in Precision Drilling in 2016 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 35 increasing their positions, 51 reducing their positions, and 18 closing their positions.
227% more call options, than puts
Call options by funds: $1.15M | Put options by funds: $350K
28% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 18
26% more capital invested
Capital invested by funds: $922M → $1.16B (+$241M)
3% more funds holding
Funds holding: 128 → 132 (+4)
0.05% more ownership
Funds ownership: 3.7% → 3.75% (+0.05%)
31% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$78.4M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$23.1M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$15.1M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
+$12.1M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$4.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$38.3M |
| 2 |
UIM
USS Investment Management
London,
United Kingdom
|
-$23.8M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$15.7M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$14.2M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$9.66M |
PDS Hedge Fund Activity: Q2 2016 in Review
132 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2016, worth a combined $1.16B — up 26% from $922M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PDS positions and 18 closed out — a net gain of 5 holders — while 35 added to existing stakes and 51 trimmed.
The largest buyer was Mackenzie Financial, opening a new position worth an estimated $78.4M. The largest seller was Fidelity Investments, cutting an estimated $38.3M.
- 132 institutional investors held Precision Drilling (PDS) as of Q2 2016, up from 128 in Q1 2016.
- Funds reported $1.16B of Precision Drilling stock for Q2 2016, up 26% quarter-over-quarter.
- 23 funds opened new Precision Drilling positions in Q2 2016 and 18 closed out, a net change of +5 holders.
- The largest Precision Drilling buyer in Q2 2016 was Mackenzie Financial, an estimated $78.4M added.
- The largest Precision Drilling seller in Q2 2016 was Fidelity Investments, an estimated $38.3M sold.
Based on aggregated 13F filings for Q2 2016.