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PDS

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.

New
Increased
Maintained
Reduced
Closed

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: 128132 (+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

Holders
132
Holders Change
+4
Holders Change %
+3.13%
% of All Funds
3.52%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
23
Increased
35
Reduced
51
Closed
18
Calls
$1.15M
Puts
$350K
Net Calls
+$796K
Net Calls Change
+$72K
Name Holding Trade Value Shares
Change
Change in
Stake
Franklin Resources
1
Franklin Resources
California
$298M -$352K -3,722 -0.1%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$190M -$38.3M -404,697 -18%
Mackenzie Financial
3
Mackenzie Financial
Ontario, Canada
$87.7M +$78.4M +827,530 New
SFM
4
Systematic Financial Management
New Jersey
$51.4M -$14.2M -150,292 -24%
1832 Asset Management
5
1832 Asset Management
Ontario, Canada
$50.7M +$23.1M +244,060 +104%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$37.5M -$15.7M -165,871 -32%
TCM
7
Tetrem Capital Management
Manitoba, Canada
$36.1M -$691K -7,298 -2%
Deutsche Bank
8
Deutsche Bank
Germany
$32.6M -$2.48M -26,221 -8%
Fiera Capital (Canada)
9
Fiera Capital (Canada)
Quebec, Canada
$32.2M -$552K -5,835 -2%
Norges Bank
10
Norges Bank
Norway
$26.8M +$4.45M +47,023 +23%
Vanguard Group
11
Vanguard Group
Pennsylvania
$26.6M +$3.18M +33,576 +15%
TD Asset Management
12
TD Asset Management
Ontario, Canada
$25.9M -$149K -1,575 -0.6%
Connor, Clark & Lunn Investment Management (CC&L)
13
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$21.5M -$9.66M -102,047 -33%
LBA
14
Letko, Brosseau & Associates
Quebec, Canada
$18.8M -$7.2K -76 -0%
Wellington Management Group
15
Wellington Management Group
Massachusetts
$18.2M +$15.1M +159,920 +1,253%
Invesco
16
Invesco
Georgia
$17.9M +$601K +6,347 +4%
Ninety One (UK)
17
Ninety One (UK)
United Kingdom
$13.4M +$12.1M +127,337 New
AII
18
AGF Investments Inc
Ontario, Canada
$13.3M -$3.5M -36,997 -23%
DGHMC
19
Dalton, Greiner, Hartman, Maher & Co
New York
$12.3M -$2.5M -26,412 -19%
Public Sector Pension Investment Board (PSP Investments)
20
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$10.7M -$1.16M -12,295 -11%
IGIM
21
I.G. Investment Management
Manitoba, Canada
$10.6M +$3.46M +36,505 +58%
SRAIM
22
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$9.66M -$5.62M -59,318 -39%
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$6.6M +$584K +6,171 +11%
Morgan Stanley
24
Morgan Stanley
New York
$6.24M -$2.6M -27,462 -32%
Grantham, Mayo, Van Otterloo & Co (GMO)
25
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$6.01M +$935K +9,870 +21%

PDS Hedge Fund Activity: Q2 2016 in Review

132 of the 3,748 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.