Precision Drilling
101 hedge funds and large institutions have $262M invested in Precision Drilling in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 36 reducing their positions, and 20 closing their positions.
19% more call options, than puts
Call options by funds: $4.48M | Put options by funds: $3.75M
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 36
8.05% less ownership
Funds ownership: 46.96% → 38.91% (-8.1%)
10% less funds holding
Funds holding: 112 → 101 (-11)
21% less capital invested
Capital invested by funds: $332M → $262M (-$70.7M)
50% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
+$7.88M |
| 2 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$5.22M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
+$4.15M |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$2.42M |
| 5 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$15.2M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$13M |
| 3 |
Millennium Management
New York
|
-$8.1M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$4.91M |
| 5 |
Morgan Stanley
New York
|
-$4.83M |
PDS Hedge Fund Activity: Q2 2023 in Review
101 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q2 2023, worth a combined $262M — down 21% from $332M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PDS and 10 opened new positions — a net loss of 10 holders — while 36 trimmed existing stakes and 35 added.
The largest buyer was Encompass Capital Advisors, adding an estimated $7.88M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $15.2M.
- 101 institutional investors held Precision Drilling (PDS) as of Q2 2023, down from 112 in Q1 2023.
- Funds reported $262M of Precision Drilling stock for Q2 2023, down 21% quarter-over-quarter.
- 10 funds opened new Precision Drilling positions in Q2 2023 and 20 closed out, a net change of -10 holders.
- The largest Precision Drilling buyer in Q2 2023 was Encompass Capital Advisors, an estimated $7.88M added.
- The largest Precision Drilling seller in Q2 2023 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $15.2M sold.
Based on aggregated 13F filings for Q2 2023.