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PDS

Precision Drilling
PDS

130 hedge funds and large institutions have $459M invested in Precision Drilling in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 37 increasing their positions, 34 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 34

4% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 27

0% more funds holding

Funds holding: 130 → 130 (0)

0.58% less ownership

Funds ownership: 3.1% → 2.52% (-0.58%)

23% less call options, than puts

Call options by funds: $79K | Put options by funds: $103K

26% less capital invested

Capital invested by funds: $621M → $459M (-$162M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
130
Holders Change
–
Holders Change %
0%
% of All Funds
3.24%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
28
Increased
37
Reduced
34
Closed
27
Calls
$79K
Puts
$103K
Net Calls
-$24K
Net Calls Change
-$709K

Top Buyers

Rank Fund Capital Flow
1
LBA
Letko, Brosseau & Associates
Quebec, Canada
+$29M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$25.2M
3
Deutsche Bank
Deutsche Bank
Germany
+$6.26M
4
Renaissance Technologies
Renaissance Technologies
New York
+$4.44M
5
Norges Bank
Norges Bank
Norway
+$4.03M

Top Sellers

Rank Fund Capital Flow
1
Franklin Resources
Franklin Resources
California
-$92.3M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$24.6M
3
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$19.6M
4
Millennium Management
Millennium Management
New York
-$11.2M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$78.6M +$25.2M +434,269 +52%
LBA
2
Letko, Brosseau & Associates
Quebec, Canada
$41.7M +$29M +500,005 +291%
Franklin Resources
3
Franklin Resources
California
$40.3M -$92.3M -1,592,658 -71%
SFM
4
Systematic Financial Management
New Jersey
$37.6M -$7.76M -133,892 -18%
1832 Asset Management
5
1832 Asset Management
Ontario, Canada
$30.6M -$24.6M -423,810 -45%
Mackenzie Financial
6
Mackenzie Financial
Ontario, Canada
$27.5M -$127K -2,190 -0.5%
Vanguard Group
7
Vanguard Group
Pennsylvania
$19.7M +$669K +11,543 +4%
TD Asset Management
8
TD Asset Management
Ontario, Canada
$18.3M +$389K +6,704 +2%
Fiera Capital (Canada)
9
Fiera Capital (Canada)
Quebec, Canada
$16M -$1.41M -24,295 -9%
Connor, Clark & Lunn Investment Management (CC&L)
10
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$15.6M +$3.51M +60,593 +32%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$14M -$1.54M -26,637 -11%
Deutsche Bank
12
Deutsche Bank
Germany
$8.06M +$6.26M +108,054 +512%
Renaissance Technologies
13
Renaissance Technologies
New York
$7.74M +$4.44M +76,658 +162%
Morgan Stanley
14
Morgan Stanley
New York
$7.55M +$3.33M +57,404 +90%
Bank of Montreal
15
Bank of Montreal
Ontario, Canada
$6.92M +$1.61M +27,750 +33%
Norges Bank
16
Norges Bank
Norway
$6.3M +$4.03M +69,479 +217%
AII
17
AGF Investments Inc
Ontario, Canada
$5.82M +$968K +16,700 +22%
NP
18
Ninepoint Partners
Ontario, Canada
$5.46M +$5.07M +87,500 New
Public Sector Pension Investment Board (PSP Investments)
19
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$5.12M – – –
Bank of America
20
Bank of America
North Carolina
$4.86M +$3.09M +53,358 +217%
HCM
21
Highbridge Capital Management
New York
$4.65M +$1.34M +23,160 +45%
NEI
22
Northwest & Ethical Investments
Ontario, Canada
$3.37M – – –
VOAM
23
Vertex One Asset Management
British Columbia, Canada
$3.03M +$532K +9,175 +23%
CS
24
Credit Suisse
Switzerland
$3.02M +$1.83M +31,552 +188%
Manulife (Manufacturers Life Insurance)
25
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.87M -$22.7K -392 -0.8%
1
2 3 4 5

PDS Hedge Fund Activity: Q3 2017 in Review

130 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2017, worth a combined $459M — down 26% from $621M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new PDS positions and 27 closed out — a net gain of 1 holder — while 37 added to existing stakes and 34 trimmed.

The largest buyer was Letko, Brosseau & Associates, adding an estimated $29M. The largest seller was Franklin Resources, cutting an estimated $92.3M.

  • 130 institutional investors held Precision Drilling (PDS) as of Q3 2017, unchanged from Q2 2017.
  • Funds reported $459M of Precision Drilling stock for Q3 2017, down 26% quarter-over-quarter.
  • 28 funds opened new Precision Drilling positions in Q3 2017 and 27 closed out, a net change of +1 holder.
  • The largest Precision Drilling buyer in Q3 2017 was Letko, Brosseau & Associates, an estimated $29M added.
  • The largest Precision Drilling seller in Q3 2017 was Franklin Resources, an estimated $92.3M sold.

Based on aggregated 13F filings for Q3 2017.