Parker Drilling Company
PKD
PKD was delisted on the 7th of February, 2020.
74 hedge funds and large institutions have $31.2M invested in Parker Drilling Company in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 27 reducing their positions, and 30 closing their positions.
8.41% less ownership
Funds ownership: 67.38% → 58.97% (-8.4%)
19% less funds holding
Funds holding: 91 → 74 (-17)
33% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 27
47% less capital invested
Capital invested by funds: $59.4M → $31.2M (-$28.2M)
57% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.71M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$3.03M |
| 3 |
AIM
Assured Investment Management
New York
|
+$1.46M |
| 4 |
Millennium Management
New York
|
+$810K |
| 5 |
BCM
Brigade Capital Management
New York
|
+$616K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Towle & Co
Denver,
Colorado
|
-$6.64M |
| 2 |
BlackRock
New York
|
-$3.25M |
| 3 |
WAM
Wilsey Asset Management
San Diego,
California
|
-$2.62M |
| 4 |
State Street
Boston,
Massachusetts
|
-$1.11M |
| 5 |
SPC
Salient Private Client
Houston,
Texas
|
-$1.03M |
PKD Hedge Fund Activity: Q2 2018 in Review
74 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Parker Drilling Company (PKD) for Q2 2018, worth a combined $31.2M — down 47% from $59.4M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of PKD and 13 opened new positions — a net loss of 17 holders — while 27 trimmed existing stakes and 18 added.
The largest buyer was Saba Capital Management, adding an estimated $3.71M. The largest seller was Towle & Co, exiting entirely with an estimated $6.64M sold.
- 74 institutional investors held Parker Drilling Company (PKD) as of Q2 2018, down from 91 in Q1 2018.
- Funds reported $31.2M of Parker Drilling Company stock for Q2 2018, down 47% quarter-over-quarter.
- 13 funds opened new Parker Drilling Company positions in Q2 2018 and 30 closed out, a net change of -17 holders.
- The largest Parker Drilling Company buyer in Q2 2018 was Saba Capital Management, an estimated $3.71M added.
- The largest Parker Drilling Company seller in Q2 2018 was Towle & Co, an estimated $6.64M sold.
Based on aggregated 13F filings for Q2 2018.