SDRL ranks #2576 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
SDRL is a disclosed holding of Paul Singer (Elliott Investment Management), one of the tracked superinvestors on AlphaSMO — it makes up 0.7% of that fund's own 13F portfolio.
SDRL is a top-conviction position for Webs Creek Capital Management LP — at 9.3% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in SDRL belongs to BlackRock, Inc., but the position matters far more to Webs Creek Capital Management LP, who has 9.3% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
California State Teachers Retirement System has added to its SDRL position for two straight quarters, increasing it by $69.0M to reach $71.0M today.
Canyon Capital Advisors LLC has trimmed its SDRL position for two straight quarters, cutting it by $116.9M while still holding $12.6M.
SDRL is down 1.1% today, but institutions show net buying of $94.5M this quarter — a divergence between today's price move and the underlying institutional flow.