Precision Drilling
117 hedge funds and large institutions have $250M 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 25 closing their positions.
2.58% less ownership
Funds ownership: 51.12% → 48.54% (-2.6%)
6% less funds holding
Funds holding: 125 → 117 (-8)
12% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 42
24% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 25
30% less call options, than puts
Call options by funds: $167K | Put options by funds: $237K
37% less capital inflows, than outflows
Capital inflows: $50.5M | Capital outflows: $79.6M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Encompass Capital Advisors
New York
|
+$16.4M |
| 2 |
Mountain Lake Investment Management
Boca Raton,
Florida
|
+$7.31M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.35M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$2.44M |
| 5 |
AGF Investments Inc
Toronto,
Ontario, Canada
|
+$2.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$20.1M |
| 2 |
LCM
Lonestar Capital Management
San Francisco,
California
|
-$15.6M |
| 3 |
Ninepoint Partners
Toronto,
Ontario, Canada
|
-$8.01M |
| 4 |
Sirios Capital Management
Boston,
Massachusetts
|
-$4.93M |
| 5 |
Goldman Sachs
New York
|
-$4.45M |
PDS Hedge Fund Activity: Q4 2018 in Review
117 of the 4,506 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2018, worth a combined $250M — down 52% from $521M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of PDS and 19 opened new positions — a net loss of 6 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 125 in Q3 2018.
- Funds reported $250M of Precision Drilling stock for Q4 2018, down 52% quarter-over-quarter.
- 19 funds opened new Precision Drilling positions in Q4 2018 and 25 closed out, a net change of -6 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.