Vault-13

DIGIMARC CORP NEW

COM · Common Stock · CUSIP 25381B101

82 institutional holders +8 vs Q1 2023
10,921,84810.9m shares reported held*
$321.6mreported value*
14 new 36 added 14 reduced 6 sold out net sold ≈ $11.1m (-375.5k 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 ≈ $29.44. Options: 5 managers hold calls ($2.1m notional), 6 hold puts ($1.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 77Q4 22: 77Q1 23: 74Q2 23: 8282Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202277
Q4 202277
Q1 202374
Q2 202382

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 35 bought or addedQ4 22: 33 cut or sold outQ4 22Q1 23: 32 bought or addedQ1 23: 34 cut or sold outQ1 23Q2 23: 50 bought or addedQ2 23: 20 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223533
Q1 20233234
Q2 20235020

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 22 calls: $2.1mQ3 22 puts: $37.0kQ3 22P/C 0.02Q4 22 calls: $2.6mQ4 22 puts: $415.5kQ4 22P/C 0.16Q1 23 calls: $3.2mQ1 23 puts: $1.8mQ1 23P/C 0.56Q2 23 calls: $2.1mQ2 23 puts: $1.3mQ2 23P/C 0.62
Numbers
QuarterCallsPutsP/C
Q3 2022$2.1m$37.0k0.02
Q4 2022$2.6m$415.5k0.16
Q1 2023$3.2m$1.8m0.56
Q2 2023$2.1m$1.3m0.62

Biggest buyers

VANGUARD GROUP INC Added +168,316+168.3k
BlackRock Inc. Added +75,310+75.3k
D. E. Shaw & Co., Inc. Added +75,218+75.2k
Informed Momentum Co LLC New +60,568+60.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +54,474+54.5k
Lagoda Investment Management, L.P. Added +49,975+50.0k
RENAISSANCE TECHNOLOGIES LLC Added +30,000+30.0k
CITADEL ADVISORS LLC Added +26,094+26.1k
MARSHALL WACE, LLP Added +23,301+23.3k
GEODE CAPITAL MANAGEMENT, LLC Added +23,245+23.2k

Biggest sellers

Rubric Capital Management LP Reduced -830,365-830.4k
Penn Capital Management Company, LLC Sold out -97,383-97.4k
Islet Management, LP Sold out -92,500-92.5k
BEACONLIGHT CAPITAL, LLC Reduced -83,180-83.2k
PRELUDE CAPITAL MANAGEMENT, LLC Reduced -26,102-26.1k
SIMPLEX TRADING, LLC Sold out -20,626-20.6k
MORGAN STANLEY Reduced -7,123-7.1k
SG Americas Securities, LLC Sold out -5,472-5.5k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -5,020-5.0k
BARCLAYS PLC Reduced -4,098-4.1k

Biggest calls

WOLVERINE TRADING, LLC New $1.3m45.9k shares
CITADEL ADVISORS LLC Added $482.8k16.4k shares
SIMPLEX TRADING, LLC Added $273.0k9.3k shares
GROUP ONE TRADING LLC New $82.4k2.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

BOOTHBAY FUND MANAGEMENT, LLC New $588.8k20.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $527.0k17.9k shares
SIMPLEX TRADING, LLC Added $114.0k3.9k shares
CITADEL ADVISORS LLC Reduced $85.4k2.9k shares
272 Capital LP New $9.5k384 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Altai Capital Management, L.P. 64.21% of their portfolio IRVINE, CA 2,879,8292.9m $84.8m $84.8m 64.21% Unchanged
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,095,3651.1m $32.2m $32.2m 0.00% Added +168.3k +168,316
3 BlackRock Inc. 0.00% of their portfolio New York, NY 921,053921.1k $27.1m $27.1m 0.00% Added +75.3k +75,310
4 BAILLIE GIFFORD & CO 0.02% of their portfolio EDINBURGH, X0 820,002820.0k $24.1m $24.1m 0.02% Added +3.5k +3,480
5 Lagoda Investment Management, L.P. 13.48% of their portfolio NEW YORK, NY 649,120649.1k $19.1m $19.1m 13.48% Added +50.0k +49,975
6 BEACONLIGHT CAPITAL, LLC 6.86% of their portfolio New York, NY 481,290481.3k $14.2m $14.2m 6.86% Reduced -83.2k -83,180
7 GLENVIEW CAPITAL MANAGEMENT, LLC 0.34% of their portfolio NEW YORK, NY 434,497434.5k $12.8m $12.8m 0.34% Unchanged
8 Cowen Prime Advisors LLC 4.26% of their portfolio New York, NY 420,312420.3k $12.4m $12.4m 4.26% Added +400 +400
9 Rubric Capital Management LP 0.47% of their portfolio NEW YORK, NY 375,353375.4k $11.1m $11.1m 0.47% Reduced -830.4k -830,365
10 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 316,144316.1k $9.4m $9.4m 0.08% Added +8.3k +8,340
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 287,893287.9k $8.5m $8.5m 0.00% Added +23.2k +23,245
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 270,053270.1k $8.0m $8.0m 0.00% Added +2.5k +2,500
13 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 233,705233.7k $6.9m $6.9m 0.00% Added +977 +977
14 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 176,471176.5k $5.2m $5.2m 0.01% Added +75.2k +75,218
15 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 138,059138.1k $4.1m $4.1m 0.00% Added +5.2k +5,192
16 PRELUDE CAPITAL MANAGEMENT, LLC 0.29% of their portfolio NEW YORK, NY 117,525117.5k $3.5m $3.5m 0.29% Reduced -26.1k -26,102
17 Curi Capital, LLC 0.10% of their portfolio CHICAGO, IL 107,385107.4k $3.2m $3.2m 0.10% Added +1.3k +1,289
18 Yost Capital Management, LP 2.45% of their portfolio HOUSTON, TX 85,67085.7k $2.5m $2.5m 2.45% Unchanged
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 79,55279.6k $2.3m $2.3m 0.00% Reduced -7.1k -7,123
20 Soapstone Management L.P. 0.91% of their portfolio BETHESDA, MD 69,11469.1k $2.0m $2.0m 0.91% Unchanged
21 Bryant Woods Investment Advisors, LLC 1.44% of their portfolio GETZVILLE, NY 68,63568.6k $2.0m $2.0m 1.44% Added +7.8k +7,805
22 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 61,30361.3k $1.8m $1.8m 0.00% Added +26.1k +26,094
23 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 60,79560.8k $1.8m $1.8m 0.01% Added +3.6k +3,563
24 Informed Momentum Co LLC 0.33% of their portfolio SOLANA BEACH, CA 60,56860.6k $1.8m $1.8m 0.33% New
25 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 59,90859.9k $1.8m $1.8m 0.00% Added +23.3k +23,301
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 54,47454.5k $1.6m $1.6m 0.00% New
27 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 51,10051.1k $1.5m $1.5m 0.00% Added +30.0k +30,000
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 48,47348.5k $1.4m $1.4m 0.00% Added +1.6k +1,597
29 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 38,77038.8k $1.1m $1.1m 0.00% Added +1.5k +1,523
30 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 36,37436.4k $1.1m $1.1m 0.00% Added +6.8k +6,768
31 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 36,24236.2k $1.1m $1.1m 0.00% Added +7.3k +7,264
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,46128.5k $837.9k $837.9k 0.00% Added +18.0k +17,980
33 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 25,10025.1k $738.9k $738.9k 0.00% Added +5.3k +5,300
34 Samjo Capital LLC 0.62% of their portfolio NEW YORK, NY 25,00025.0k $736.0k $736.0k 0.62% Unchanged
35 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 22,49022.5k $662.1k $662.1k 0.00% New
36 UBS Group AG 0.00% of their portfolio ZURICH, V8 20,15220.2k $593.3k $593.3k 0.00% Added +10.2k +10,174
37 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 20,09020.1k $591.4k $591.4k 0.00% Added +190 +190
38 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 19,91719.9k $586.4k $586.4k 0.00% Reduced -48 -48
39 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 18,69018.7k $550.2k $550.2k 0.00% Added +73 +73
40 OCCUDO QUANTITATIVE STRATEGIES LP 0.06% of their portfolio FORT LAUDERDALE, FL 18,02618.0k $530.7k $530.7k 0.06% New
41 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 16,73216.7k $493.0k $493.0k 0.00% Reduced -5.0k -5,020
42 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 15,48715.5k $455.9k $455.9k 0.02% Added +4.3k +4,254
43 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 15,27415.3k $449.7k $449.7k 0.02% New
44 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 13,27313.3k $390.1k $390.1k 0.01% New
45 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 12,71912.7k $374.4k $374.4k 0.01% New
46 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 11,32011.3k $333.3k $333.3k 0.00% New
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,04611.0k $325.2k $325.2k 0.00% Added +315 +315
48 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 8,4658.5k $249.2k $249.2k 0.00% Unchanged
49 Quantbot Technologies LP 0.02% of their portfolio NEW YORK, NY 8,1928.2k $241.2k $241.2k 0.02% New
50 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 7,9007.9k $232.6k $232.6k 0.00% Reduced -2.0k -2,000
51 Independent Solutions Wealth Management, LLC 0.06% of their portfolio Williamsville, NY 7,8097.8k $229.9k $229.9k 0.06% New
52 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 7,6337.6k $217.8k $217.8k 0.00% New
53 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,8726.9k $202.3k $202.3k 0.00% Added +3.6k +3,613
54 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 6,8446.8k $201.5k $201.5k 0.00% Added +245 +245
55 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 6,4126.4k $188.8k $188.8k 0.00% Reduced -2.5k -2,549
56 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 6,3656.4k $187.4k $187.4k 0.00% Added +2.6k +2,642
57 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 4,7304.7k $139.3k $139.3k 0.00% Reduced -353 -353
58 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,2324.2k $124.6k $124.6k 0.00% New
59 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,8322.8k $83.4k $83.4k 0.00% Reduced -4.1k -4,098
60 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 2,1082.1k $62.0k $62.0k 0.00% Added +271 +271
61 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,0002.0k $59.9k $59.9k 0.00% Added +1.0k +1,000
62 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 1,7421.7k $51.3k $51.3k 0.00% Unchanged
63 Legal & General Group Plc 0.00% of their portfolio London, X0 1,7261.7k $50.8k $50.8k 0.00% Added +79 +79
64 FMR LLC 0.00% of their portfolio BOSTON, MA 1,4331.4k $42.2k $42.2k 0.00% Reduced -1.5k -1,523
65 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0641.1k $31.0k $31.0k 0.00% Reduced -1.1k -1,090
66 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 970970 $28.6k $28.6k 0.00% Added +462 +462
67 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 926926 $27.3k $27.3k 0.00% Unchanged
68 Metropolitan Life Insurance Co/NY 0.00% of their portfolio New York, NY 800800 $23.6k $23.6k 0.00% Unchanged
69 Granite FO LLC 0.01% of their portfolio BEDFORD, NH 571571 $16.8k $16.8k 0.01% Unchanged
70 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 452452 $13.3k $13.3k 0.00% Reduced -291 -291
71 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 300300 $8.8k $8.8k 0.00% Unchanged
72 Baker Avenue Asset Management, LP 0.00% of their portfolio SAN FRANCISCO, CA 185185 $5.4k $5.4k 0.00% Reduced -111 -111
73 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 150150 $4.4k $4.4k 0.00% Unchanged
74 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 100100 $2.9k $2.9k 0.00% Unchanged
75 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 100100 $2.9k $2.9k 0.00% Unchanged
76 NORTHWEST INVESTMENT COUNSELORS, LLC 0.00% of their portfolio Lake Oswego, OR 7171 $2.1k $2.1k 0.00% Unchanged
77 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 2020 $589 $589 0.00% Added +10 +10
78 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1414 $412 $412 0.00% New
79 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 1111 $324 $324 0.00% Unchanged
80 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 44 $0 $0 0.00% Unchanged
81 Crewe Advisors LLC 0.00% of their portfolio SALT LAKE CITY, UT 44 $118 $118 0.00% New
82 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged