Precision Drilling
70 hedge funds and large institutions have $191M invested in Precision Drilling in 2021 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 15 increasing their positions, 27 reducing their positions, and 8 closing their positions.
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
21% more funds holding
Funds holding: 58 → 70 (+12)
0.07% more ownership
Funds ownership: 40.01% → 40.08% (+0.07%)
12% less capital invested
Capital invested by funds: $218M → $191M (-$26.7M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
34% less call options, than puts
Call options by funds: $1.23M | Put options by funds: $1.86M
44% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$24.9M |
| 2 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
+$3.04M |
| 3 |
ECA
Encompass Capital Advisors
New York
|
+$2.22M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$2.09M |
| 5 |
Two Sigma Investments
New York
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$11.2M |
| 2 |
EGI
EAM Global Investors
Solana Beach,
California
|
-$8.95M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$4.12M |
| 4 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
-$3.99M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.27M |
PDS Hedge Fund Activity: Q4 2021 in Review
70 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2021, worth a combined $191M — down 12% from $218M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PDS positions and 8 closed out — a net gain of 12 holders — while 15 added to existing stakes and 27 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $24.9M. The largest seller was Polar Asset Management Partners, cutting an estimated $11.2M.
- 70 institutional investors held Precision Drilling (PDS) as of Q4 2021, up from 58 in Q3 2021.
- Funds reported $191M of Precision Drilling stock for Q4 2021, down 12% quarter-over-quarter.
- 20 funds opened new Precision Drilling positions in Q4 2021 and 8 closed out, a net change of +12 holders.
- The largest Precision Drilling buyer in Q4 2021 was Fidelity Investments, an estimated $24.9M added.
- The largest Precision Drilling seller in Q4 2021 was Polar Asset Management Partners, an estimated $11.2M sold.
Based on aggregated 13F filings for Q4 2021.