Precision Drilling
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 15 closing their positions.
83% more capital inflows, than outflows
Capital inflows: $107M | Capital outflows: $58.8M
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
5.71% more ownership
Funds ownership: 48.07% → 53.78% (+5.7%)
0% more funds holding
Funds holding: 120 → 120 (0)
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
12% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$36M |
| 2 |
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
+$16.7M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$15.8M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$9.7M |
| 5 |
Aegis Financial
Mc Lean,
Virginia
|
+$5.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.33M |
| 2 |
SCM
SIR Capital Management
New York
|
-$6.23M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$5.63M |
| 4 |
NewGen Asset Management
Toronto,
Ontario, Canada
|
-$4.3M |
| 5 |
Brookfield Corp
Toronto,
Ontario, Canada
|
-$4.28M |
PDS Hedge Fund Activity: Q1 2024 in Review
120 of the 6,966 institutional investors tracked by Wall St. Rank reported a position in Precision Drilling (PDS) for Q1 2024, worth a combined $529M — up 39% from $381M a quarter earlier.
Fund positioning in PDS was balanced in Q1 2024: 15 funds opened new positions, 15 closed out, 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 $6.33M.
- 120 institutional investors held Precision Drilling (PDS) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $529M of Precision Drilling stock for Q1 2024, up 39% quarter-over-quarter.
- 15 funds opened new Precision Drilling positions in Q1 2024 and 15 closed out, a net change of 0 holders.
- 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 $6.33M sold.
Based on aggregated 13F filings for Q1 2024.