Drilling Tools International
62 hedge funds and large institutions have $204M invested in Drilling Tools International in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 10 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
10% more capital invested
Capital invested by funds: $186M → $204M (+$18.7M)
5.76% more ownership
Funds ownership: 67.48% → 73.24% (+5.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 64 → 62 (-2)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$9.23M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$8.31M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$6.91M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
+$6.32M |
| 5 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$5.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$8.4M |
| 2 |
TCA
Taconic Capital Advisors
New York
|
-$6.04M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$4.1M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$3.8M |
| 5 |
CCM
Context Capital Management
Lajolla,
California
|
-$3.33M |
DTI Hedge Fund Activity: Q1 2023 in Review
62 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Drilling Tools International (DTI) for Q1 2023, worth a combined $204M — up 10% from $186M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DTI and 8 opened new positions — a net loss of 2 holders — 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 64 in Q4 2022.
- Funds reported $204M of Drilling Tools International stock for Q1 2023, up 10% quarter-over-quarter.
- 8 funds opened new Drilling Tools International positions in Q1 2023 and 10 closed out, a net change of -2 holders.
- 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.