Precision Drilling
139 hedge funds and large institutions have $784M invested in Precision Drilling in 2026 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 56 increasing their positions, 29 reducing their positions, and 8 closing their positions.
288% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 8
261% more call options, than puts
Call options by funds: $25.7M | Put options by funds: $7.12M
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
93% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 29
54% more capital invested
Capital invested by funds: $510M → $784M (+$274M)
18% more funds holding
Funds holding: 118 → 139 (+21)
6.84% more ownership
Funds ownership: 54.76% → 61.6% (+6.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$16.8M |
| 2 |
Two Sigma Investments
New York
|
+$15.9M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$15.5M |
| 4 |
Morgan Stanley
New York
|
+$12.2M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$7.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
-$17.6M |
| 2 |
PVI
Pine Valley Investments
Marlton,
New Jersey
|
-$12.9M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$9.92M |
| 4 |
Millennium Management
New York
|
-$6.62M |
| 5 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$6.35M |
PDS Hedge Fund Activity: Q1 2026 in Review
139 institutional investors reported a position in Precision Drilling (PDS) for Q1 2026, worth a combined $784M — up 54% from $510M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PDS positions and 8 closed out — a net gain of 23 holders — while 56 added to existing stakes and 29 trimmed.
The largest buyer was Hillsdale Investment Management, adding an estimated $16.8M. The largest seller was Encompass Capital Advisors, cutting an estimated $17.6M.
- 139 institutional investors held Precision Drilling (PDS) as of Q1 2026, up from 118 in Q4 2025.
- Funds reported $784M of Precision Drilling stock for Q1 2026, up 54% quarter-over-quarter.
- 31 funds opened new Precision Drilling positions in Q1 2026 and 8 closed out, a net change of +23 holders.
- The largest Precision Drilling buyer in Q1 2026 was Hillsdale Investment Management, an estimated $16.8M added.
- The largest Precision Drilling seller in Q1 2026 was Encompass Capital Advisors, an estimated $17.6M sold.
Based on aggregated 13F filings for Q1 2026.