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PDS

Precision Drilling
PDS

117 hedge funds and large institutions have $245M invested in Precision Drilling in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 42 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.13% less ownership

Funds ownership: 2.56% → 2.43% (-0.13%)

7% less funds holding

Funds holding: 126 → 117 (-9)

12% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 42

27% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 26

30% less call options, than puts

Call options by funds: $167K | Put options by funds: $237K

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

53% less capital invested

Capital invested by funds: $522M → $245M (-$276M)

Holders
117
Holders Change
-9
Holders Change %
-7.14%
% of All Funds
2.61%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
19
Increased
37
Reduced
42
Closed
26
Calls
$167K
Puts
$237K
Net Calls
-$70K
Net Calls Change
+$325K

Top Buyers

1
ECA
Encompass Capital Advisors
New York
+$16.4M
2
MLIM
Mountain Lake Investment Management
Florida
+$7.31M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$5.35M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$2.44M
5
AII
AGF Investments Inc
Ontario, Canada
+$2.2M

Top Sellers

1
Fidelity International
Fidelity International
Bermuda
-$20.1M
2
LCM
Lonestar Capital Management
California
-$15.6M
3
NP
Ninepoint Partners
Ontario, Canada
-$8.01M
4
SCM
Sirios Capital Management
Massachusetts
-$4.93M
5
Goldman Sachs
Goldman Sachs
New York
-$4.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$38.3M +$5.35M +107,947 +11%
Fidelity International
2
Fidelity International
Bermuda
$25M -$20.1M -405,645 -36%
LBA
3
Letko, Brosseau & Associates
Quebec, Canada
$23.8M +$185K +3,735 +0.5%
Mackenzie Financial
4
Mackenzie Financial
Ontario, Canada
$17.6M +$2.44M +49,272 +11%
Vanguard Group
5
Vanguard Group
Pennsylvania
$13.6M +$1.42M +28,632 +8%
ECA
6
Encompass Capital Advisors
New York
$11.5M +$16.4M +331,334 New
SFM
7
Systematic Financial Management
New Jersey
$11M -$2.96M -59,688 -16%
Fiera Capital (Canada)
8
Fiera Capital (Canada)
Quebec, Canada
$10.7M +$413K +8,330 +3%
AII
9
AGF Investments Inc
Ontario, Canada
$10.1M +$2.2M +44,340 +18%
MLIM
10
Mountain Lake Investment Management
Florida
$10M +$7.31M +147,511 +105%
Norges Bank
11
Norges Bank
Norway
$9.13M – – –
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$8.89M -$4.29M -86,714 -25%
Bank of Montreal
13
Bank of Montreal
Ontario, Canada
$5.92M -$233K -4,707 -3%
Citadel Advisors
14
Citadel Advisors
Florida
$3.66M +$770K +15,553 +17%
Morgan Stanley
15
Morgan Stanley
New York
$3.36M +$1.34M +27,055 +39%
NEI
16
Northwest & Ethical Investments
Ontario, Canada
$2.95M +$104K +2,105 +3%
Connor, Clark & Lunn Investment Management (CC&L)
17
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.95M -$1.16M -23,502 -22%
Franklin Resources
18
Franklin Resources
California
$2.24M – – –
TD Asset Management
19
TD Asset Management
Ontario, Canada
$2.17M +$153K +3,080 +5%
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.73M +$1.88M +38,020 +326%
Two Sigma Advisers
21
Two Sigma Advisers
New York
$1.67M +$1.14M +23,063 +92%
QI
22
QS Investors
New York
$1.54M +$199K +4,015 +10%
GCAC
23
Guardian Capital Advisors (Canada)
Ontario, Canada
$1.5M +$8.67K +175 +0.7%
CIBC Asset Management
24
CIBC Asset Management
Ontario, Canada
$1.47M -$429K -8,663 -17%
Arrowstreet Capital
25
Arrowstreet Capital
Massachusetts
$1.34M +$1.9M +38,445 New
1
2 3 4 5

PDS Hedge Fund Activity: Q4 2018 in Review

117 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2018, worth a combined $245M — down 53% from $522M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of PDS and 19 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 37 added.

The largest buyer was Encompass Capital Advisors, opening a new position worth an estimated $16.4M. The largest seller was Fidelity International, cutting an estimated $20.1M.

  • 117 institutional investors held Precision Drilling (PDS) as of Q4 2018, down from 126 in Q3 2018.
  • Funds reported $245M of Precision Drilling stock for Q4 2018, down 53% quarter-over-quarter.
  • 19 funds opened new Precision Drilling positions in Q4 2018 and 26 closed out, a net change of -7 holders.
  • The largest Precision Drilling buyer in Q4 2018 was Encompass Capital Advisors, an estimated $16.4M added.
  • The largest Precision Drilling seller in Q4 2018 was Fidelity International, an estimated $20.1M sold.

Based on aggregated 13F filings for Q4 2018.