Precision Drilling
130 hedge funds and large institutions have $621M invested in Precision Drilling in 2017 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 44 increasing their positions, 44 reducing their positions, and 34 closing their positions.
965% more call options, than puts
Call options by funds: $756K | Put options by funds: $71K
0% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 44
0.13% less ownership
Funds ownership: 3.23% → 3.1% (-0.13%)
14% less funds holding
Funds holding: 151 → 130 (-21)
31% less capital invested
Capital invested by funds: $896M → $621M (-$274M)
56% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 34
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$53.5M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$13.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.6M |
| 4 |
Morgan Stanley
New York
|
+$2.68M |
| 5 |
Barclays
London,
United Kingdom
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$24.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$19.5M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$11.7M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$10.3M |
| 5 |
Ninety One (UK)
London,
United Kingdom
|
-$8.37M |
PDS Hedge Fund Activity: Q2 2017 in Review
130 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2017, worth a combined $621M — down 31% from $896M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of PDS and 15 opened new positions — a net loss of 19 holders — while 44 trimmed existing stakes and 44 added.
The largest buyer was Franklin Resources, adding an estimated $53.5M. The largest seller was Millennium Management, cutting an estimated $24.3M.
- 130 institutional investors held Precision Drilling (PDS) as of Q2 2017, down from 151 in Q1 2017.
- Funds reported $621M of Precision Drilling stock for Q2 2017, down 31% quarter-over-quarter.
- 15 funds opened new Precision Drilling positions in Q2 2017 and 34 closed out, a net change of -19 holders.
- The largest Precision Drilling buyer in Q2 2017 was Franklin Resources, an estimated $53.5M added.
- The largest Precision Drilling seller in Q2 2017 was Millennium Management, an estimated $24.3M sold.
Based on aggregated 13F filings for Q2 2017.