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PDS

Precision Drilling

149 hedge funds and large institutions have $1.16B invested in Precision Drilling in 2016 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 36 increasing their positions, 56 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

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

27% more capital invested

Capital invested by funds: $910M → $1.16B (+$246M)

23% more funds holding

Funds holding: 121149 (+28)

0.03% less ownership

Funds ownership: 3.72%3.69% (-0.03%)

36% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 56

Holders
149
Holders Change
+28
Holders Change %
+23.14%
% of All Funds
3.73%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
34
Increased
36
Reduced
56
Closed
6
Calls
$554K
Puts
$401K
Net Calls
+$153K
Net Calls Change
+$11.2M
Name Holding Trade Value Shares
Change
Change in
Stake
1832 Asset Management
1
1832 Asset Management
Ontario, Canada
$209M +$102M +1,034,951 +94%
Franklin Resources
2
Franklin Resources
California
$189M -$77.5M -787,338 -31%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$119M -$39.3M -399,825 -27%
SFM
4
Systematic Financial Management
New Jersey
$77.9M +$12.2M +124,125 +21%
Mackenzie Financial
5
Mackenzie Financial
Ontario, Canada
$58.2M -$14.3M -145,305 -21%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$42.9M -$12.7M -128,970 -25%
Millennium Management
7
Millennium Management
New York
$32.8M +$18.9M +192,485 +177%
Fiera Capital (Canada)
8
Fiera Capital (Canada)
Quebec, Canada
$32.5M -$1.63M -16,529 -5%
Point72 Asset Management
9
Point72 Asset Management
Connecticut
$31M +$28M +284,752 New
Vanguard Group
10
Vanguard Group
Pennsylvania
$29M +$1.41M +14,294 +6%
TD Asset Management
11
TD Asset Management
Ontario, Canada
$26M -$456K -4,636 -2%
TCM
12
Tetrem Capital Management
Manitoba, Canada
$25.2M -$10.2M -103,622 -31%
Norges Bank
13
Norges Bank
Norway
$22.3M -$2.29M -23,307 -10%
LBA
14
Letko, Brosseau & Associates
Quebec, Canada
$19.1M -$551K -5,600 -3%
DGHMC
15
Dalton, Greiner, Hartman, Maher & Co
New York
$15.5M +$1.77M +17,985 +14%
Wellington Management Group
16
Wellington Management Group
Massachusetts
$14.4M -$6.08M -61,801 -32%
Citadel Advisors
17
Citadel Advisors
Florida
$13.3M +$10.4M +105,359 +617%
SCM
18
SIR Capital Management
New York
$11.2M +$8.02M +81,532 +377%
Public Sector Pension Investment Board (PSP Investments)
19
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$10.6M -$341K -3,470 -3%
EOCM
20
Energy Opportunities Capital Management
Texas
$9.32M +$4.92K +50 +0.1%
Ninety One (UK)
21
Ninety One (UK)
United Kingdom
$8.73M -$3.23M -32,789 -29%
PC
22
Precocity Capital
Connecticut
$8.18M +$7.38M +75,000 New
Grantham, Mayo, Van Otterloo & Co (GMO)
23
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$7.46M +$1.48M +15,020 +28%
Connor, Clark & Lunn Investment Management (CC&L)
24
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$7.12M -$9.23M -93,841 -59%
AII
25
AGF Investments Inc
Ontario, Canada
$6.67M -$3.94M -40,080 -40%

PDS Hedge Fund Activity: Q4 2016 in Review

149 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2016, worth a combined $1.16B — up 27% from $910M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PDS positions and 6 closed out — a net gain of 28 holders — while 36 added to existing stakes and 56 trimmed.

The largest buyer was 1832 Asset Management, adding an estimated $102M. 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 $1.16B of Precision Drilling stock for Q4 2016, up 27% 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 1832 Asset Management, an estimated $102M 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.