In a recent 13F filing, SIR Capital Management disclosed a significant increase in its position in Precision Drilling Corp. (PDS) during the second quarter of 2026. The investment firm boosted its holdings by over 493%, from 19.08K shares to 113.18K shares. This raised the total reported value of its stake from $1.88M to $8.69M.
Investors should note that 13F filings are submitted to the SEC quarterly and reflect holdings as of a specific date, in this case, June 30, 2026, so these are not real-time trades. During that second quarter, Precision Drilling reported an 11% year-over-year revenue increase, though it also posted a net loss, citing higher operational costs. The company's portfolio weight in SIR Capital's fund grew from 0.18% to 1.00%.