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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 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: 11 (0)

2% less funds holding

Funds holding: 6362 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
PC
1
Periscope Capital
Ontario, Canada
$13.6M +$6.91M +667,582 +106%
SCM
2
Saba Capital Management
New York
$13M
WCMNY
3
Westchester Capital Management (New York)
New York
$9.71M +$5.06M +488,865 +111%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$9.58M +$9.23M +891,762 +3,544%
D.E. Shaw & Co
5
D.E. Shaw & Co
New York
$9.29M
YCM
6
Yakira Capital Management
Connecticut
$8.39M +$8.31M +803,200 New
FTCM
7
Fir Tree Capital Management
New York
$8.31M +$6.32M +610,166 +328%
HSBC Holdings
8
HSBC Holdings
United Kingdom
$7.97M
SC
9
Sculptor Capital
New York
$7.9M
PMAM
10
Picton Mahoney Asset Management
Ontario, Canada
$7.84M
SCM
11
Shaolin Capital Management
Florida
$7.14M -$3.8M -366,925 -35%
KIM
12
Karpus Investment Management
New York
$6.45M -$52.8K -5,100 -0.8%
AA
13
AQR Arbitrage
Connecticut
$5.9M -$144K -13,889 -2%
FTCM
14
First Trust Capital Management
Illinois
$5.49M +$5.17M +500,000 +1,950%
CC
15
Centiva Capital
New York
$5.34M +$1.57M +151,366 +42%
Balyasny Asset Management
16
Balyasny Asset Management
Illinois
$5.22M
Calamos Advisors
17
Calamos Advisors
Illinois
$5.22M
WRBC
18
W.R. Berkley Corp
Connecticut
$5.21M +$15.5K +1,499 +0.3%
SRCM
19
Sage Rock Capital Management
New York
$4.94M
PAMP
20
Polar Asset Management Partners
Ontario, Canada
$4.78M
AIMCA
21
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$4.17M
Hudson Bay Capital Management
22
Hudson Bay Capital Management
Connecticut
$3.65M
MF
23
Magnetar Financial
Illinois
$3.21M
RCM
24
Rivernorth Capital Management
Florida
$3.11M +$3.08M +298,073 New
Neuberger Berman Group
25
Neuberger Berman Group
New York
$2.61M +$2.59M +249,900 New

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.