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PDS

Precision Drilling
PDS

120 hedge funds and large institutions have $529M invested in Precision Drilling in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 42 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

41% more call options, than puts

Call options by funds: $13.1M | Put options by funds: $9.29M

35% more capital invested

Capital invested by funds: $390M → $529M (+$138M)

4.54% more ownership

Funds ownership: 49.24% → 53.78% (+4.5%)

7% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 14

1% more funds holding

Funds holding: 119 → 120 (+1)

12% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 42

Holders
120
Holders Change
+1
Holders Change %
+0.84%
% of All Funds
1.73%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
15
Increased
37
Reduced
42
Closed
14
Calls
$13.1M
Puts
$9.29M
Net Calls
+$3.82M
Net Calls Change
+$2.38M

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$36M
2
WCA
Waratah Capital Advisors
Ontario, Canada
+$16.7M
3
Fidelity International
Fidelity International
Bermuda
+$15.8M
4
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$9.66M
5
AF
Aegis Financial
Virginia
+$5.5M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$16.7M
2
SCM
SIR Capital Management
New York
-$6.23M
3
Bank of America
Bank of America
North Carolina
-$5.63M
4
NAM
NewGen Asset Management
Ontario, Canada
-$4.3M
5
BC
Brookfield Corp
Ontario, Canada
-$4.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
NP
1
Ninepoint Partners
Ontario, Canada
$90.8M -$1.51M -25,000 -2%
National Bank of Canada
2
National Bank of Canada
Quebec, Canada
$50.9M +$9.66M +159,871 +29%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$50M +$36M +596,346 +405%
ECA
4
Encompass Capital Advisors
New York
$45.4M -$61.6K -1,019 -0.2%
Fidelity International
5
Fidelity International
Bermuda
$38.4M +$15.8M +261,157 +84%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$33.6M +$2.11M +34,852 +8%
WCA
7
Waratah Capital Advisors
Ontario, Canada
$18.5M +$16.7M +275,530 New
Hotchkis & Wiley Capital Management
8
Hotchkis & Wiley Capital Management
California
$12.2M -$886K -14,650 -7%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$11.6M +$945K +15,637 +10%
Two Sigma Investments
10
Two Sigma Investments
New York
$11.3M +$794K +13,131 +9%
Connor, Clark & Lunn Investment Management (CC&L)
11
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$10.1M +$103K +1,700 +1%
Two Sigma Advisers
12
Two Sigma Advisers
New York
$9.78M +$991K +16,400 +13%
Goldman Sachs
13
Goldman Sachs
New York
$8.2M +$1.11M +18,345 +18%
Wellington Management Group
14
Wellington Management Group
Massachusetts
$7.77M +$1.77M +29,300 +34%
SCM
15
SIR Capital Management
New York
$7.3M -$6.23M -103,100 -49%
TD Asset Management
16
TD Asset Management
Ontario, Canada
$6.54M +$172K +2,850 +3%
EIG
17
EdgePoint Investment Group
Ontario, Canada
$6.24M – – –
American Century Companies
18
American Century Companies
Missouri
$6.23M +$316K +5,234 +6%
AF
19
Aegis Financial
Virginia
$6.12M +$5.5M +90,932 New
IIM
20
Intact Investment Management
Quebec, Canada
$5.5M -$248K -4,100 -5%
GIP
21
Greatmark Investment Partners
Georgia
$5.43M +$1.28M +21,142 +35%
HP
22
Hartree Partners
New York
$5.38M +$2.57M +42,500 +113%
MLIM
23
Mountain Lake Investment Management
Florida
$4.98M -$2.2M -36,450 -33%
CIBC World Market
24
CIBC World Market
Ontario, Canada
$4.82M -$2.03M -33,526 -32%
Bank of America
25
Bank of America
North Carolina
$4.59M -$5.63M -93,174 -58%
1
2 3 4 5

PDS Hedge Fund Activity: Q1 2024 in Review

120 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2024, worth a combined $529M — up 35% from $390M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PDS positions and 14 closed out — a net gain of 1 holder — while 37 added to existing stakes and 42 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $36M. The largest seller was Morgan Stanley, cutting an estimated $16.7M.

  • 120 institutional investors held Precision Drilling (PDS) as of Q1 2024, up from 119 in Q4 2023.
  • Funds reported $529M of Precision Drilling stock for Q1 2024, up 35% quarter-over-quarter.
  • 15 funds opened new Precision Drilling positions in Q1 2024 and 14 closed out, a net change of +1 holder.
  • The largest Precision Drilling buyer in Q1 2024 was Royal Bank of Canada, an estimated $36M added.
  • The largest Precision Drilling seller in Q1 2024 was Morgan Stanley, an estimated $16.7M sold.

Based on aggregated 13F filings for Q1 2024.