Precision Drilling
149 hedge funds and large institutions have $1.07B invested in Precision Drilling in 2016 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 35 increasing their positions, 57 reducing their positions, and 6 closing their positions.
467% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 6
38% more call options, than puts
Call options by funds: $554K | Put options by funds: $401K
23% more funds holding
Funds holding: 121 → 149 (+28)
17% more capital invested
Capital invested by funds: $911M → $1.07B (+$156M)
0.41% less ownership
Funds ownership: 3.72% → 3.31% (-0.41%)
39% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 57
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$28M |
| 2 |
Millennium Management
New York
|
+$18.9M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$12.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$10.4M |
| 5 |
SCM
SIR Capital Management
New York
|
+$8.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$77.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$39.3M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$24.8M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$14.3M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$12.7M |
PDS Hedge Fund Activity: Q4 2016 in Review
149 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2016, worth a combined $1.07B — up 17% from $911M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new PDS positions and 6 closed out — a net gain of 28 holders — while 35 added to existing stakes and 57 trimmed.
The largest buyer was Point72 Asset Management, opening a new position worth an estimated $28M. The largest seller was Franklin Resources, cutting an estimated $77.5M.
- 149 institutional investors held Precision Drilling (PDS) as of Q4 2016, up from 121 in Q3 2016.
- Funds reported $1.07B of Precision Drilling stock for Q4 2016, up 17% quarter-over-quarter.
- 34 funds opened new Precision Drilling positions in Q4 2016 and 6 closed out, a net change of +28 holders.
- The largest Precision Drilling buyer in Q4 2016 was Point72 Asset Management, an estimated $28M added.
- The largest Precision Drilling seller in Q4 2016 was Franklin Resources, an estimated $77.5M sold.
Based on aggregated 13F filings for Q4 2016.