Precision Drilling
109 hedge funds and large institutions have $551M invested in Precision Drilling in 2022 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 39 increasing their positions, 32 reducing their positions, and 7 closing their positions.
214% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 7
87% more capital invested
Capital invested by funds: $294M → $551M (+$257M)
22% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 32
14% more funds holding
Funds holding: 96 → 109 (+13)
8.91% more ownership
Funds ownership: 45.05% → 53.96% (+8.9%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less call options, than puts
Call options by funds: $4.22M | Put options by funds: $4.41M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$38.8M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$15.4M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$11.3M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$9.21M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$8.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$25.1M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$6.13M |
| 3 |
MLIM
Mountain Lake Investment Management
Boca Raton,
Florida
|
-$4.34M |
| 4 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
-$4.3M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$4.08M |
PDS Hedge Fund Activity: Q4 2022 in Review
109 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2022, worth a combined $551M — up 87% from $294M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PDS positions and 7 closed out — a net gain of 15 holders — while 39 added to existing stakes and 32 trimmed.
The largest buyer was National Bank of Canada, adding an estimated $38.8M. The largest seller was Fidelity Investments, cutting an estimated $25.1M.
- 109 institutional investors held Precision Drilling (PDS) as of Q4 2022, up from 96 in Q3 2022.
- Funds reported $551M of Precision Drilling stock for Q4 2022, up 87% quarter-over-quarter.
- 22 funds opened new Precision Drilling positions in Q4 2022 and 7 closed out, a net change of +15 holders.
- The largest Precision Drilling buyer in Q4 2022 was National Bank of Canada, an estimated $38.8M added.
- The largest Precision Drilling seller in Q4 2022 was Fidelity Investments, an estimated $25.1M sold.
Based on aggregated 13F filings for Q4 2022.