Precision Drilling
117 hedge funds and large institutions have $445M invested in Precision Drilling in 2023 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 37 increasing their positions, 39 reducing their positions, and 6 closing their positions.
267% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 6
70% more capital invested
Capital invested by funds: $262M → $445M (+$183M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
16% more funds holding
Funds holding: 101 → 117 (+16)
9.23% more ownership
Funds ownership: 38.91% → 48.14% (+9.2%)
5% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 39
45% less call options, than puts
Call options by funds: $6.41M | Put options by funds: $11.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$24.1M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$19.5M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$14.4M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$13.3M |
| 5 |
SCM
SIR Capital Management
New York
|
+$7.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
-$10.7M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$8.9M |
| 3 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
-$6.52M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$6.36M |
| 5 |
MLIM
Mountain Lake Investment Management
Boca Raton,
Florida
|
-$2.21M |
PDS Hedge Fund Activity: Q3 2023 in Review
117 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q3 2023, worth a combined $445M — up 70% from $262M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PDS positions and 6 closed out — a net gain of 16 holders — while 37 added to existing stakes and 39 trimmed.
The largest buyer was Hillsdale Investment Management, opening a new position worth an estimated $24.1M. The largest seller was Encompass Capital Advisors, cutting an estimated $10.7M.
- 117 institutional investors held Precision Drilling (PDS) as of Q3 2023, up from 101 in Q2 2023.
- Funds reported $445M of Precision Drilling stock for Q3 2023, up 70% quarter-over-quarter.
- 22 funds opened new Precision Drilling positions in Q3 2023 and 6 closed out, a net change of +16 holders.
- The largest Precision Drilling buyer in Q3 2023 was Hillsdale Investment Management, an estimated $24.1M added.
- The largest Precision Drilling seller in Q3 2023 was Encompass Capital Advisors, an estimated $10.7M sold.
Based on aggregated 13F filings for Q3 2023.