Private Management Group, Inc. filed a Schedule 13G with the SEC on November 9, 2026, disclosing beneficial ownership of 2,880,194 shares of Drilling Tools International Corp common stock, representing 8.2% of the class, as of September 30, 2026.

Key Highlights

  • Filer: Private Management Group, Inc., an investment adviser incorporated in California, located at 15635 Alton Parkway, Suite 400, Irvine, CA 92618.
  • Shares Beneficially Owned: 2,880,194 shares of Drilling Tools International Corp common stock (CUSIP 26205E107).
  • Percent of Class: 8.2% as of the event date of September 30, 2026.
  • Voting and Dispositive Power: Sole voting power and sole dispositive power each reported as 2,880,194 shares; shared voting and shared dispositive power each reported as 0.
  • Beneficial Holders: According to the filing, the shares are held in various separately managed accounts for which Private Management Group acts as investment adviser.
  • Certification: The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Private Management Group Reports Passive 8.2% Position in Drilling Tools International Corp

Private Management Group, Inc., a California-incorporated investment adviser, disclosed in a Schedule 13G filed November 9, 2026, that it beneficially owns 2,880,194 shares of common stock of Drilling Tools International Corp, whose principal executive offices are located at 10370 Richmond Avenue, Suite 1000, Houston, Texas 77042. The filing identifies the triggering event date as September 30, 2026, and reports the position as 8.2% of the class of common stock identified by CUSIP number 26205E107.

According to the filing, all 2,880,194 shares carry sole voting power and sole dispositive power held by Private Management Group, with no shared voting or dispositive power reported. The filing further discloses that "various separately managed accounts for whom the reporting person acts as investment advisor have the right to receive dividends from, and the proceeds of the sale of, the shares reported by the reporting person." The filer is classified as an investment adviser (Type: IA) under the applicable Schedule 13G instructions.

The filing was signed by Robert T. Summers, CFA, in his capacity as Co-President of Private Management Group, Inc. The certification included in the filing states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

What Was Disclosed

Private Management Group, Inc. disclosed a beneficial ownership stake of 2,880,194 shares, or 8.2%, of Drilling Tools International Corp common stock via a Schedule 13G filing dated November 9, 2026, covering a position as of September 30, 2026.