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PDS

Precision Drilling
PDS

119 hedge funds and large institutions have $390M invested in Precision Drilling in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 42 increasing their positions, 36 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more call options, than puts

Call options by funds: $3.17M | Put options by funds: $1.74M

18% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 17

17% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 36

2% more funds holding

Funds holding: 117 → 119 (+2)

1.09% more ownership

Funds ownership: 48.14% → 49.24% (+1.1%)

12% less capital invested

Capital invested by funds: $445M → $390M (-$54.5M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
119
Holders Change
+2
Holders Change %
+1.71%
% of All Funds
1.73%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
20
Increased
42
Reduced
36
Closed
17
Calls
$3.17M
Puts
$1.74M
Net Calls
+$1.43M
Net Calls Change
+$6.7M

Top Buyers

1
NP
Ninepoint Partners
Ontario, Canada
+$79.4M
2
Morgan Stanley
Morgan Stanley
New York
+$11.2M
3
ECA
Encompass Capital Advisors
New York
+$5.9M
4
SCM
SIR Capital Management
New York
+$5.01M
5
BC
Brookfield Corp
Ontario, Canada
+$4.53M

Top Sellers

1
HIM
Hillsdale Investment Management
Ontario, Canada
-$25.4M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$24.3M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$20.5M
4
American Century Companies
American Century Companies
Missouri
-$7.84M
5
GCM
GeoSphere Capital Management
Florida
-$4.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
NP
1
Ninepoint Partners
Ontario, Canada
$74.6M +$79.4M +1,375,000 New
ECA
2
Encompass Capital Advisors
New York
$36.7M +$5.9M +102,108 +18%
National Bank of Canada
3
National Bank of Canada
Quebec, Canada
$28.9M -$117K -2,023 -0.4%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$25.5M -$1.91M -33,105 -7%
Morgan Stanley
5
Morgan Stanley
New York
$18.6M +$11.2M +193,840 +130%
Fidelity International
6
Fidelity International
Bermuda
$16.8M -$2.6M -45,035 -13%
SCM
7
SIR Capital Management
New York
$11.5M +$5.01M +86,678 +69%
Hotchkis & Wiley Capital Management
8
Hotchkis & Wiley Capital Management
California
$10.6M +$1.91M +33,110 +20%
Bank of America
9
Bank of America
North Carolina
$8.76M -$1.04M -17,986 -10%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$8.53M +$1.21M +21,012 +15%
Two Sigma Investments
11
Two Sigma Investments
New York
$8.38M +$4.23M +73,310 +91%
Connor, Clark & Lunn Investment Management (CC&L)
12
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$8.03M -$2.34M -40,500 -21%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$8M +$425K +7,352 +5%
Two Sigma Advisers
14
Two Sigma Advisers
New York
$7M +$2.73M +47,300 +58%
NAM
15
NewGen Asset Management
Ontario, Canada
$6.73M +$1.56M +27,000 +28%
MLIM
16
Mountain Lake Investment Management
Florida
$6M -$1.7M -29,350 -21%
CIBC World Market
17
CIBC World Market
Ontario, Canada
$5.71M -$203K -3,517 -3%
Goldman Sachs
18
Goldman Sachs
New York
$5.62M -$1.45M -25,177 -20%
TD Asset Management
19
TD Asset Management
Ontario, Canada
$5.15M -$615K -10,652 -10%
EIG
20
EdgePoint Investment Group
Ontario, Canada
$5.03M – – –
Point72 Asset Management
21
Point72 Asset Management
Connecticut
$4.99M +$3.76M +65,057 +244%
American Century Companies
22
American Century Companies
Missouri
$4.74M -$7.84M -135,807 -61%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$4.7M +$994K +17,214 +25%
IIM
24
Intact Investment Management
Quebec, Canada
$4.66M +$225K +3,900 +5%
Millennium Management
25
Millennium Management
New York
$4.44M -$1.41M -24,496 -23%
1
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PDS Hedge Fund Activity: Q4 2023 in Review

119 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2023, worth a combined $390M — down 12% from $445M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new PDS positions and 17 closed out — a net gain of 3 holders — while 42 added to existing stakes and 36 trimmed.

The largest buyer was Ninepoint Partners, opening a new position worth an estimated $79.4M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $25.4M sold.

  • 119 institutional investors held Precision Drilling (PDS) as of Q4 2023, up from 117 in Q3 2023.
  • Funds reported $390M of Precision Drilling stock for Q4 2023, down 12% quarter-over-quarter.
  • 20 funds opened new Precision Drilling positions in Q4 2023 and 17 closed out, a net change of +3 holders.
  • The largest Precision Drilling buyer in Q4 2023 was Ninepoint Partners, an estimated $79.4M added.
  • The largest Precision Drilling seller in Q4 2023 was Hillsdale Investment Management, an estimated $25.4M sold.

Based on aggregated 13F filings for Q4 2023.