Precision Drilling
121 hedge funds and large institutions have $911M invested in Precision Drilling in 2016 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 40 increasing their positions, 44 reducing their positions, and 20 closing their positions.
0.03% less ownership
Funds ownership: 3.75% → 3.72% (-0.03%)
9% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 44
8% less funds holding
Funds holding: 132 → 121 (-11)
22% less capital invested
Capital invested by funds: $1.16B → $911M (-$252M)
40% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 20
93% less call options, than puts
Call options by funds: $774K | Put options by funds: $11.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$54.7M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$14.8M |
| 3 |
Millennium Management
New York
|
+$9.56M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$9.29M |
| 5 |
EOCM
Energy Opportunities Capital Management
Austin,
Texas
|
+$6.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$26.7M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$25.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$14.2M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$13M |
| 5 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$5.28M |
PDS Hedge Fund Activity: Q3 2016 in Review
121 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2016, worth a combined $911M — down 22% from $1.16B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PDS and 12 opened new positions — a net loss of 8 holders — while 44 trimmed existing stakes and 40 added.
The largest buyer was 1832 Asset Management, adding an estimated $54.7M. The largest seller was Fidelity Investments, cutting an estimated $26.7M.
- 121 institutional investors held Precision Drilling (PDS) as of Q3 2016, down from 132 in Q2 2016.
- Funds reported $911M of Precision Drilling stock for Q3 2016, down 22% quarter-over-quarter.
- 12 funds opened new Precision Drilling positions in Q3 2016 and 20 closed out, a net change of -8 holders.
- The largest Precision Drilling buyer in Q3 2016 was 1832 Asset Management, an estimated $54.7M added.
- The largest Precision Drilling seller in Q3 2016 was Fidelity Investments, an estimated $26.7M sold.
Based on aggregated 13F filings for Q3 2016.