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.
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: 104 → 110 (+6)
0% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 36
0.18% less ownership
Funds ownership: 2.01% → 1.83% (-0.18%)
45% less capital invested
Capital invested by funds: $225M → $124M (-$101M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$5.19M |
| 2 |
Goldman Sachs
New York
|
+$3.29M |
| 3 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$1.3M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$784K |
| 5 |
MLIM
Mountain Lake Investment Management
Boca Raton,
Florida
|
+$729K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$14.7M |
| 2 |
NP
Ninepoint Partners
Toronto,
Ontario, Canada
|
-$3.38M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$2.87M |
| 4 |
ECA
Encompass Capital Advisors
New York
|
-$2.22M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.1M |
PDS Hedge Fund Activity: Q3 2019 in Review
110 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2019, worth a combined $124M — down 45% from $225M 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 45% 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.