What smart money is saying about McDermott International Ltd.
1 fund in our archive has pitched McDermott International Ltd. — most recently Alluvial Capital in December 2025.
McDermott International Ltd. provides engineering and construction solutions to the energy industry worldwide. It offers integrated engineering, procurement, construction, and installation services for offshore field developments. The company is also involved in the concept development, design, fabrication, construction, commissioning, start-up, and operation of liquefied natural gas facilities; and designing and building of downstream oil and gas processing facilities, storage facilities, tanks, and terminals. In addition, it provides design, engineering, procurement, fabrication, construction, and commissioning services for natural gas, solid-fuel, and renewable generating facilities. The company was incorporated in 2020 and is based in Houston, Texas.
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Position history
Between Q4 2025 and Q3 2026, 3 fund letters reported a position in McDermott International Ltd., with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions
- August 2026
“McDermott – Was a top contributor for a second straight month, as the market started pricing in some of the value we've been underwriting ahead of it. We continue to view McDermott as an attractive reorganization equity opportunity, one where Pender's fixed income team's expertise proved valuable, particularly in analyzing the company's restructuring, capital structure, and the value of the securities that emerged from that process.”
McDermott International Ltd. - July 2026
“One notable area of strength in July was our equity position in McDermott International Ltd. (MCDIF), which was a top contributor for the month.”
McDermott International Ltd. - July 2026
“Portfolio Holdings – Updates Top Contributors (July) Contribution Top Detractors (July) Contribution General Fusion Group Ltd. (GFUZ) 986.8 bps MDA Space Ltd. (MDA) –60.6 bps McDermott International Ltd. (MCDIF) 122.2 bps”
McDermott International Ltd.
Fund coverage · 1 thesis
- Alluvial CapitalDecember 2025
McDermott International Ltd is an energy engineering and construction firm recovering post-bankruptcy with rising EBITDA, contract wins and relisting plans that could drive substantial upside.
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