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Drilling Tools International
DTI

62 hedge funds and large institutions have $204M invested in Drilling Tools International in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

11% more capital invested

Capital invested by funds: $183M → $204M (+$21.1M)

6.62% more ownership

Funds ownership: 66.61% → 73.24% (+6.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 63 → 62 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
62
Holders Change
-1
Holders Change %
-1.59%
% of All Funds
0.99%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
14
Reduced
11
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$9.23M
2
YCM
Yakira Capital Management
Connecticut
+$8.31M
3
PC
Periscope Capital
Ontario, Canada
+$6.91M
4
FTCM
Fir Tree Capital Management
New York
+$6.32M
5
FTCM
First Trust Capital Management
Illinois
+$5.17M

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$8.4M
2
TCA
Taconic Capital Advisors
New York
-$6.04M
3
OCM
Oaktree Capital Management
California
-$4.1M
4
SCM
Shaolin Capital Management
Florida
-$3.8M
5
CCM
Context Capital Management
California
-$3.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
AMC
26
Atlas Merchant Capital
New York
$2.61M – – –
UOC
27
UBS O'Connor
Illinois
$2.42M +$2.4M +231,686 New
GCL
28
Glazer Capital LLC
New York
$2.34M +$981K +94,786 +73%
KC
29
Kryger Capital
United Kingdom
$2.25M +$30.8K +2,974 +1%
CCA
30
Castle Creek Arbitrage
Colorado
$2.24M -$259K -25,000 -10%
RCM
31
Radcliffe Capital Management
Pennsylvania
$2.09M – – –
Citigroup
32
Citigroup
New York
$2.02M -$248K -23,929 -11%
BI
33
Bulldog Investors
New Jersey
$1.9M -$118K -11,355 -6%
CSS
34
Cubist Systematic Strategies
Connecticut
$1.87M -$1.81M -174,760 -49%
RL
35
RPO LLC
Connecticut
$1.72M +$1.1M +105,866 +179%
6CM
36
683 Capital Management
New York
$1.57M – – –
CIM
37
Cowen Investment Management
New York
$1.57M +$1.55M +150,000 New
Barclays
38
Barclays
United Kingdom
$1.21M – – –
MTCM
39
Mint Tower Capital Management
Netherlands
$1.19M – – –
Capstone Investment Advisors
40
Capstone Investment Advisors
New York
$1.04M -$2.07M -200,000 -67%
PCM
41
Prelude Capital Management
New York
$1.04M +$517K +50,000 +100%
BFM
42
Boothbay Fund Management
New York
$945K +$617K +59,625 +193%
SIA
43
SkyView Investment Advisors
New Jersey
$826K +$818K +79,000 New
WA
44
Whitebox Advisors
Minnesota
$784K – – –
MC
45
Meteora Capital
Florida
$642K +$157K +15,204 +33%
Millennium Management
46
Millennium Management
New York
$564K – – –
DFCM
47
Dark Forest Capital Management
Puerto Rico
$541K – – –
QL
48
Quarry LP
New York
$523K +$517K +50,000 New
Goldman Sachs
49
Goldman Sachs
New York
$485K – – –
LA
50
Linden Advisors
New York
$371K – – –
1
2
3

DTI Hedge Fund Activity: Q1 2023 in Review

62 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Drilling Tools International (DTI) for Q1 2023, worth a combined $204M — up 11% from $183M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of DTI and 9 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 14 added.

The largest buyer was Bank of Montreal, adding an estimated $9.23M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $8.4M sold.

  • 62 institutional investors held Drilling Tools International (DTI) as of Q1 2023, down from 63 in Q4 2022.
  • Funds reported $204M of Drilling Tools International stock for Q1 2023, up 11% quarter-over-quarter.
  • 9 funds opened new Drilling Tools International positions in Q1 2023 and 10 closed out, a net change of -1 holder.
  • The largest Drilling Tools International buyer in Q1 2023 was Bank of Montreal, an estimated $9.23M added.
  • The largest Drilling Tools International seller in Q1 2023 was Weiss Asset Management, an estimated $8.4M sold.

Based on aggregated 13F filings for Q1 2023.