Precision Drilling
58 hedge funds and large institutions have $218M invested in Precision Drilling in 2021 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 10 closing their positions.
213% more call options, than puts
Call options by funds: $2.97M | Put options by funds: $947K
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
0.59% more ownership
Funds ownership: 39.43% → 40.01% (+0.59%)
2% less capital invested
Capital invested by funds: $222M → $218M (-$4.05M)
11% less funds holding
Funds holding: 65 → 58 (-7)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
+$4.03M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$3.25M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$2.9M |
| 4 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
+$1.63M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
-$4.46M |
| 2 |
VA
Verdad Advisers
Boston,
Massachusetts
|
-$4.17M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$2.76M |
| 4 |
Morgan Stanley
New York
|
-$1.35M |
| 5 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
-$1.2M |
PDS Hedge Fund Activity: Q3 2021 in Review
58 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2021, worth a combined $218M — down 1.8% from $222M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PDS and 4 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 23 added.
The largest buyer was Encompass Capital Advisors, adding an estimated $4.03M. The largest seller was Barometer Capital Management, exiting entirely with an estimated $4.46M sold.
- 58 institutional investors held Precision Drilling (PDS) as of Q3 2021, down from 65 in Q2 2021.
- Funds reported $218M of Precision Drilling stock for Q3 2021, down 1.8% quarter-over-quarter.
- 4 funds opened new Precision Drilling positions in Q3 2021 and 10 closed out, a net change of -6 holders.
- The largest Precision Drilling buyer in Q3 2021 was Encompass Capital Advisors, an estimated $4.03M added.
- The largest Precision Drilling seller in Q3 2021 was Barometer Capital Management, an estimated $4.46M sold.
Based on aggregated 13F filings for Q3 2021.