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Drilling Tools International
DTI

20 hedge funds and large institutions have $3.81M invested in Drilling Tools International in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 1 increasing their positions, 12 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% less funds holding

Funds holding: 62 → 20 (-42)

70.3% less ownership

Funds ownership: 73.24% → 2.94% (-70%)

88% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 48

92% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 12

98% less capital invested

Capital invested by funds: $204M → $3.81M (-$200M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $370K

Holders
20
Holders Change
-42
Holders Change %
-67.74%
% of All Funds
0.31%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
1
Reduced
12
Closed
48
Calls
–
Puts
$370K
Net Calls
-$370K
Net Calls Change
-$370K

Top Buyers

Rank Fund Capital Flow
1
FW
FirstPurpose Wealth
Utah
+$1.04M
2
FLC
Fifth Lane Capital
Texas
+$490K
3
TCA
Taconic Capital Advisors
New York
+$301K
4
KPF
K2 Principal Fund
Ontario, Canada
+$223K
5
KL
KIM LLC
Kansas
+$215K

Top Sellers

Rank Fund Capital Flow
1
PC
Periscope Capital
Ontario, Canada
-$13.6M
2
WCMNY
Westchester Capital Management (New York)
New York
-$9.71M
3
SCM
Saba Capital Management
New York
-$9.6M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$9.58M
5
FTCM
Fir Tree Capital Management
New York
-$8.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
51
Prelude Capital Management
New York
– -$1.04M -99,985 Closed
BFM
52
Boothbay Fund Management
New York
– -$945K -90,478 Closed
WA
53
Whitebox Advisors
Minnesota
– -$784K -75,000 Closed
MC
54
Meteora Capital
Florida
– -$642K -61,426 Closed
Millennium Management
55
Millennium Management
New York
– -$564K -54,000 Closed
DFCM
56
Dark Forest Capital Management
Puerto Rico
– -$541K -51,796 Closed
QL
57
Quarry LP
New York
– -$523K -50,000 Closed
Goldman Sachs
58
Goldman Sachs
New York
– -$485K -46,427 Closed
Verition Fund Management
59
Verition Fund Management
Connecticut
– -$336K -32,128 Closed
LCM
60
Landscape Capital Management
New Jersey
– -$301K -28,832 Closed
WFA
61
Wellspring Financial Advisors
Ohio
– -$158K -15,100 Closed
FTUS
62
Flow Traders U.S.
New York
– -$151K -14,457 Closed
Susquehanna International Group
63
Susquehanna International Group
Pennsylvania
– -$151K -14,404 Closed
PM
64
Precept Management
Texas
– -$125K -12,000 Closed
WAM
65
Wolverine Asset Management
Illinois
– -$102K -9,797 Closed
HIM
66
HGC Investment Management
Ontario, Canada
– -$74K -7,000 Closed
CS
67
Clear Street
New York
– -$35.9K -3,439 Closed
AI
68
Arena Investors
New York
– -$29.2K -2,800 Closed
1 2
3

DTI Hedge Fund Activity: Q2 2023 in Review

20 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Drilling Tools International (DTI) for Q2 2023, worth a combined $3.81M — down 98% from $204M a quarter earlier.

Sellers outnumbered buyers: 48 funds closed out of DTI and 6 opened new positions — a net loss of 42 holders — while 12 trimmed existing stakes and 1 added.

The largest buyer was FirstPurpose Wealth, opening a new position worth an estimated $1.04M. The largest seller was Periscope Capital, exiting entirely with an estimated $13.6M sold.

  • 20 institutional investors held Drilling Tools International (DTI) as of Q2 2023, down from 62 in Q1 2023.
  • Funds reported $3.81M of Drilling Tools International stock for Q2 2023, down 98% quarter-over-quarter.
  • 6 funds opened new Drilling Tools International positions in Q2 2023 and 48 closed out, a net change of -42 holders.
  • The largest Drilling Tools International buyer in Q2 2023 was FirstPurpose Wealth, an estimated $1.04M added.
  • The largest Drilling Tools International seller in Q2 2023 was Periscope Capital, an estimated $13.6M sold.

Based on aggregated 13F filings for Q2 2023.