Precision Drilling
120 hedge funds and large institutions have $381M invested in Precision Drilling in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 36 reducing their positions, and 17 closing their positions.
83% more call options, than puts
Call options by funds: $3.17M | Put options by funds: $1.74M
24% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 17
17% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 36
15% more capital inflows, than outflows
Capital inflows: $133M | Capital outflows: $115M
3% more funds holding
Funds holding: 117 → 120 (+3)
0.07% less ownership
Funds ownership: 48.14% → 48.07% (-0.07%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninepoint Partners
Toronto,
Ontario, Canada
|
+$79.4M |
| 2 |
Encompass Capital Advisors
New York
|
+$5.9M |
| 3 |
SCM
SIR Capital Management
New York
|
+$5.01M |
| 4 |
Brookfield Corp
Toronto,
Ontario, Canada
|
+$4.53M |
| 5 |
Two Sigma Investments
New York
|
+$4.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$25.4M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$24.3M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$20.5M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$7.84M |
| 5 |
GeoSphere Capital Management
Miami Beach,
Florida
|
-$4.36M |
PDS Hedge Fund Activity: Q4 2023 in Review
120 of the 6,877 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q4 2023, worth a combined $381M — down 14% from $445M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PDS positions and 17 closed out — a net gain of 4 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.
- 120 institutional investors held Precision Drilling (PDS) as of Q4 2023, up from 117 in Q3 2023.
- Funds reported $381M of Precision Drilling stock for Q4 2023, down 14% quarter-over-quarter.
- 21 funds opened new Precision Drilling positions in Q4 2023 and 17 closed out, a net change of +4 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.