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PDS

Precision Drilling

110 hedge funds and large institutions have $124M invested in Precision Drilling in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 36 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

22% more call options, than puts

Call options by funds: $56K | Put options by funds: $46K

6% more funds holding

Funds holding: 104110 (+6)

0% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 36

0.16% less ownership

Funds ownership: 1.99%1.83% (-0.16%)

44% less capital invested

Capital invested by funds: $221M → $124M (-$96.5M)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
110
Holders Change
+6
Holders Change %
+5.77%
% of All Funds
2.41%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
16
Increased
36
Reduced
36
Closed
10
Calls
$56K
Puts
$46K
Net Calls
+$10K
Net Calls Change
+$1K
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity International
1
Fidelity International
Bermuda
$18.6M +$5.19M +177,979 +28%
LBA
2
Letko, Brosseau & Associates
Quebec, Canada
$15.6M -$41.8K -1,435 -0.2%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$9.6M +$368K +12,630 +3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$9.25M +$142K +4,874 +1%
MLIM
5
Mountain Lake Investment Management
Florida
$7.41M +$729K +25,000 +8%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$6.64M -$1.1M -37,791 -11%
Norges Bank
7
Norges Bank
Norway
$4.6M -$1.12M -38,438 -16%
ECA
8
Encompass Capital Advisors
New York
$4.57M -$2.22M -76,060 -28%
Fiera Capital (Canada)
9
Fiera Capital (Canada)
Quebec, Canada
$4.48M -$2.1M -71,950 -27%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$3.48M -$1.46M -50,265 -25%
AII
11
AGF Investments Inc
Ontario, Canada
$3.34M
Goldman Sachs
12
Goldman Sachs
New York
$2.6M +$3.29M +112,964 +12,764%
Schroder Investment Management Group
13
Schroder Investment Management Group
United Kingdom
$2.5M -$284K -9,740 -11%
Connor, Clark & Lunn Investment Management (CC&L)
14
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.94M -$583K -19,993 -19%
Franklin Resources
15
Franklin Resources
California
$1.78M -$96.4K -3,309 -4%
NEI
16
Northwest & Ethical Investments
Ontario, Canada
$1.74M
Canada Pension Plan Investment Board
17
Canada Pension Plan Investment Board
Ontario, Canada
$1.53M +$274K +9,405 +16%
Millennium Management
18
Millennium Management
New York
$1.41M +$608K +20,869 +51%
IIM
19
Intact Investment Management
Quebec, Canada
$1.34M +$1.3M +44,695 New
Manulife (Manufacturers Life Insurance)
20
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.06M -$142K -4,885 -10%
WCM
21
Wedge Capital Management
North Carolina
$996K +$135K +4,647 +12%
ERSOT
22
Employees Retirement System of Texas
Texas
$976K +$709K +24,316 +131%
Morgan Stanley
23
Morgan Stanley
New York
$967K +$326K +11,185 +36%
TD Asset Management
24
TD Asset Management
Ontario, Canada
$917K -$1.37M -47,063 -54%
GCAC
25
Guardian Capital Advisors (Canada)
Ontario, Canada
$892K +$61.7K +2,119 +7%

PDS Hedge Fund Activity: Q3 2019 in Review

110 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2019, worth a combined $124M — down 44% from $221M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PDS positions and 10 closed out — a net gain of 6 holders — while 36 added to existing stakes and 36 trimmed.

The largest buyer was Fidelity International, adding an estimated $5.19M. The largest seller was Mackenzie Financial, exiting entirely with an estimated $14.7M sold.

  • 110 institutional investors held Precision Drilling (PDS) as of Q3 2019, up from 104 in Q2 2019.
  • Funds reported $124M of Precision Drilling stock for Q3 2019, down 44% quarter-over-quarter.
  • 16 funds opened new Precision Drilling positions in Q3 2019 and 10 closed out, a net change of +6 holders.
  • The largest Precision Drilling buyer in Q3 2019 was Fidelity International, an estimated $5.19M added.
  • The largest Precision Drilling seller in Q3 2019 was Mackenzie Financial, an estimated $14.7M sold.

Based on aggregated 13F filings for Q3 2019.