Drilling Tools International
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FW
FirstPurpose Wealth
Orem,
Utah
|
+$1.04M |
| 2 |
FLC
Fifth Lane Capital
Austin,
Texas
|
+$490K |
| 3 |
TCA
Taconic Capital Advisors
New York
|
+$301K |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$223K |
| 5 |
KL
KIM LLC
Wichita,
Kansas
|
+$215K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$13.6M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$9.71M |
| 3 |
SCM
Saba Capital Management
New York
|
-$9.6M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$9.58M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
-$8.31M |
DTI Hedge Fund Activity: Q2 2023 in Review
20 of the 6,383 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.