Vault-13

DIGIMARC CORP NEW

COM · Common Stock · CUSIP 25381B101

3 institutional holders -100 vs Q1 2026
3,236,1833.2m shares reported held*
$3.9mreported value*
0 new 0 added 1 reduced 99 sold out net sold ≈ $85.0m (-10.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $1.19.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 77Q4 22: 77Q1 23: 74Q2 23: 82Q3 23: 92Q4 23: 91Q1 24: 88Q2 24: 103Q3 24: 97Q4 24: 115Q1 25: 111Q2 25: 105Q3 25: 91Q4 25: 94Q1 26: 103Q2 26: 33Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202277
Q4 202277
Q1 202374
Q2 202382
Q3 202392
Q4 202391
Q1 202488
Q2 2024103
Q3 202497
Q4 2024115
Q1 2025111
Q2 2025105
Q3 202591
Q4 202594
Q1 2026103
Q2 20263

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 24: 48 bought or addedQ3 24: 45 cut or sold outQ4 24: 69 bought or addedQ4 24: 32 cut or sold outQ4 24Q1 25: 62 bought or addedQ1 25: 58 cut or sold outQ2 25: 54 bought or addedQ2 25: 57 cut or sold outQ2 25Q3 25: 38 bought or addedQ3 25: 57 cut or sold outQ4 25: 46 bought or addedQ4 25: 43 cut or sold outQ4 25Q1 26: 62 bought or addedQ1 26: 36 cut or sold outQ2 26: 0 bought or addedQ2 26: 100 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20244845
Q4 20246932
Q1 20256258
Q2 20255457
Q3 20253857
Q4 20254643
Q1 20266236
Q2 20260100

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600kQ3 25 calls: $585.2kQ3 25 puts: $82.1kQ3 25P/C 0.14Q4 25 calls: $3.9kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $716Q1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$585.2k$82.1k0.14
Q4 2025$3.9k$00.00
Q1 2026$716$00.00
Q2 2026$0$0—

Biggest buyers

None

Biggest sellers

BlackRock, Inc. Sold out -1,069,372-1.1m
Lagoda Investment Management, L.P. Sold out -1,062,800-1.1m
Kimelman & Baird, LLC Sold out -838,695-838.7k
Silverberg Bernstein Capital Management LLC Sold out -779,255-779.3k
VANGUARD CAPITAL MANAGEMENT LLC Sold out -778,255-778.3k
Private Advisor Group, LLC Sold out -502,001-502.0k
BEACONLIGHT CAPITAL, LLC Sold out -431,772-431.8k
GEODE CAPITAL MANAGEMENT, LLC Sold out -426,311-426.3k
VANGUARD PORTFOLIO MANAGEMENT LLC Sold out -418,304-418.3k
UBS Group AG Sold out -339,362-339.4k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Altai Capital Management, L.P. 13D · may seek influence no change · filed 2025-08-04
Stated purposeThe Reporting Persons acquired the Common Stock to which this Schedule 13D relates for investment purposes in the ordinary course of business. The Reporting Persons acquired the Common Stock because they believed that the Common Stock reported herein, when purchased, represented an attractive investment opportunity. At the request of the Issuer, Mr. Bajaj agreed to serve as a member of the Board. In connection therewith, on July 28, 2025, Investment Manager and Mr. Bajaj entered into a cooperation agreement with the Issuer (the "Cooperation Agreement"), pursuant to which the Issuer agreed, among other things, to have Mr. Bajaj join the Board for a term expiring at the 2026 annual meeting of the Company's shareholders (including any adjournments, postponements, reschedulings or continuatio… Full filing
 12.9% no change 2.8m 2025-08-04
TCM Strategic Partners L.P. 13D · may seek influence filed 2025-03-19
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented by the following: On March 17, 2025, TCM Partners made an in-kind distribution of an aggregate 1,385,147 shares of Common Stock to certain of its limited partners on a proportionate basis, for no consideration, including 32,081 shares that were distributed to TCM Strategic L.P., an entity wholly owned by Mr. McCormack. Since the filing of Amendment No. 1, on April 12, 2021, Mr. McCormack was appointed as President and Chief Executive Officer of the Issuer. Full filing
 11.4% 2.5m 2025-03-19
Ocho Investments LLC 13D · may seek influence +0.1 pts · filed 2025-04-15
Stated purposeItem 4 of the Schedule 13D is hereby amended by adding the following: On April 14, 2025, the Reporting Persons delivered a presentation to the Issuer's board of directors, which is attached hereto as Exhibit 99.2. The Reporting Persons confirm that they do not intend to, or reserve the right to, engage in a control transaction or any contested solicitation for the election of directors. Full filing
 5.2% +0.1 pts 1.1m 2025-04-15

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Altai Capital Management, L.P. 0.09% of their portfolio IRVINE, CA 2,769,3462.8m $22.8k $22.8k 0.09% Unchanged
2 BBR PARTNERS, LLC 0.17% of their portfolio NEW YORK, NY 446,750446.8k $3.7m $3.7m 0.17% Reduced -70.5k -70,549
3 Turim 21 Investimentos Ltda. 0.03% of their portfolio RIO DE JANEIRO, D5 20,08720.1k $165.1k $165.1k 0.03% Unchanged