Investment Manager Doubles Down on Energy Stock, According to Recent SEC Filing

Packer & Co Ltd disclosed a important acquisition of 366,000 shares of Seadrill (NYSE:SDRL), valued astatine $14.94 cardinal based connected the quarterly mean price, according to its May 13, 2026, SEC filing.

Seadrill delivers offshore drilling services worldwide, serving large lipid producers with a fleet of precocious rigs and planetary reach.

What happened

According to a May 13, 2026, SEC filing, Packer & Co Ltd accrued its involvement successful Seadrill, acquiring 366,000 further shares. The estimated worth of this acquisition is $14.94 million, calculated utilizing the mean closing terms during the archetypal 4th of 2026. The full worth of the presumption astatine quarter-end roseate by $19.35 million, reflecting some caller stock purchases and marketplace terms movements.

What other to cognize

Packer & Co Ltd’s bargain lifted Seadrill to 10.43% of its 13F-reportable AUM aft the quarter, which places it 4th among the fund's apical 5 holdings.

Top 5 holdings aft the filing:

• NYSE:PBR.A: $74.04 cardinal (27.7% of AUM)

• NYSE:CNC: $46.33 cardinal (17.3% of AUM)

• NYSE:NXE: $28.13 cardinal (10.5% of AUM)

• NYSE:SDRL: $27.90 cardinal (10.4% of AUM)

• NYSE:NE: $25.27 cardinal (9.5% of AUM)

As of May 12, 2026, Seadrill shares were priced astatine $49.96, up 103.8% implicit the past year, outperforming the S&P 500 by 77.11 percent points.

Company overview

Company snapshot

• Provides offshore declaration drilling services, operating a fleet of drillships, semi-submersible rigs, and jack-up rigs for lipid and state exploration and production.

• Generates gross done contracts with lipid super-majors, state-owned nationalist lipid companies, and autarkic lipid and state companies.

• Targets planetary lipid and state companies seeking deepwater and harsh-environment drilling capabilities.

Seadrill is simply a starring offshore drilling contractor with a planetary fleet focused connected some shallow and ultra-deepwater operations. The institution leverages precocious rig exertion and operational expertise to code the demanding needs of large vigor producers. Its diversified lawsuit basal and beingness successful aggregate offshore markets presumption it competitively wrong the lipid and state drilling industry.

What this transaction means for investors

Packer & Co., an Australian concern manager, precocious disclosed the acquisition of 366,000 shares of Seadrill stock, valued astatine astir $14.9 cardinal during the archetypal 4th (the 3 months ending connected March 31, 2026). Here are immoderate cardinal takeaways for investors.