DTM ranks #765 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
DTM is a top-conviction position for 59 North Capital Management, LP — at 6.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in DTM belongs to BlackRock, Inc., but the position matters far more to 59 North Capital Management, LP, who has 6.5% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
BlackRock has added to its DTM position for two straight quarters, increasing it by $375.3M to reach $1.7B today.
59 North Capital Management, LP has trimmed its DTM position for two straight quarters, cutting it by $75.4M while still holding $289.7M.
DTM is down 0.8% today, but institutions show net buying of $2.7B this quarter — a divergence between today's price move and the underlying institutional flow.