Vault-13

DIGIMARC CORP NEW

COM · Common Stock · CUSIP 25381B101

88 institutional holders -3 vs Q4 2023
12,099,78912.1m shares reported held*
$328.9mreported value*
16 new 30 added 26 reduced 19 sold out net bought ≈ $10.2m (+374.6k 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 ≈ $27.18. Options: 8 managers hold calls ($728.7k notional), 5 hold puts ($410.0k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 77Q4 22: 77Q1 23: 74Q2 23: 82Q3 23: 92Q4 23: 91Q1 24: 8888Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202277
Q4 202277
Q1 202374
Q2 202382
Q3 202392
Q4 202391
Q1 202488

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 23Q3 23: 49 bought or addedQ3 23: 29 cut or sold outQ3 23Q4 23: 43 bought or addedQ4 23: 36 cut or sold outQ4 23Q1 24: 46 bought or addedQ1 24: 45 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223533
Q1 20233234
Q2 20235020
Q3 20234929
Q4 20234336
Q1 20244645

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 23 calls: $2.1mQ2 23 puts: $1.3mQ2 23P/C 0.62Q3 23 calls: $1.2mQ3 23 puts: $855.8kQ3 23P/C 0.70Q4 23 calls: $385.8kQ4 23 puts: $516.5kQ4 23P/C 1.34Q1 24 calls: $728.7kQ1 24 puts: $410.0kQ1 24P/C 0.56
Numbers
QuarterCallsPutsP/C
Q2 2023$2.1m$1.3m0.62
Q3 2023$1.2m$855.8k0.70
Q4 2023$385.8k$516.5k1.34
Q1 2024$728.7k$410.0k0.56

Biggest buyers

BEACONLIGHT CAPITAL, LLC Added +200,251+200.3k
Woodson Capital Management, LP New +100,000+100.0k
INHERENT GROUP, LP New +100,000+100.0k
STATE STREET CORP Added +91,202+91.2k
Knott David M Jr New +83,557+83.6k
Corient Private Wealth LP New +57,143+57.1k
CITADEL ADVISORS LLC Added +54,184+54.2k
RENAISSANCE TECHNOLOGIES LLC Added +45,192+45.2k
MORGAN STANLEY Added +38,583+38.6k
MARSHALL WACE, LLP Added +36,412+36.4k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -240,114-240.1k
Invesco Ltd. Sold out -87,474-87.5k
Soapstone Management L.P. Sold out -43,643-43.6k
D. E. Shaw & Co., Inc. Reduced -30,415-30.4k
BANK OF AMERICA CORP /DE/ Reduced -25,643-25.6k
Informed Momentum Co LLC Sold out -14,254-14.3k
JANE STREET GROUP, LLC Sold out -12,606-12.6k
GROUP ONE TRADING LLC Sold out -11,631-11.6k
CANADA LIFE ASSURANCE Co Reduced -11,011-11.0k
BARCLAYS PLC Reduced -9,551-9.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $228.3k8.4k shares
JANE STREET GROUP, LLC New $220.2k8.1k shares
CITADEL ADVISORS LLC Reduced $212.0k7.8k shares
SIMPLEX TRADING, LLC Added $65.0k2.4k shares
GROUP ONE TRADING LLC Reduced $2.7k100 shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New $500800 shares
OSAIC HOLDINGS, INC. New $301 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $353.3k13.0k shares
CITADEL ADVISORS LLC Added $38.1k1.4k shares
GROUP ONE TRADING LLC Added $13.6k500 shares
SIMPLEX TRADING, LLC New $5.0k200 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Altai Capital Management, L.P. 37.36% of their portfolio IRVINE, CA 2,882,6862.9m $78.4m $78.4m 37.36% Added +2.9k +2,857
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,169,9761.2m $31.8m $31.8m 0.00% Added +19.5k +19,460
3 BlackRock Inc. 0.00% of their portfolio New York, NY 1,087,3301.1m $29.6m $29.6m 0.00% Added +17.5k +17,508
4 BEACONLIGHT CAPITAL, LLC 9.49% of their portfolio New York, NY 778,017778.0k $21.1m $21.1m 9.49% Added +200.3k +200,251
5 BAILLIE GIFFORD & CO 0.02% of their portfolio EDINBURGH, X0 720,827720.8k $19.6m $19.6m 0.02% Reduced -1.4k -1,432
6 Lagoda Investment Management, L.P. 11.40% of their portfolio NEW YORK, NY 683,875683.9k $18.6m $18.6m 11.40% Added +27.4k +27,425
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 448,125448.1k $12.2m $12.2m 0.00% Added +38.6k +38,583
8 Silverberg Bernstein Capital Management LLC 11.53% of their portfolio ARMONK, NY 433,053433.1k $11.8m $11.8m 11.53% Added +3.1k +3,079
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 389,326389.3k $10.6m $10.6m 0.00% Added +91.2k +91,202
10 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 337,024337.0k $9.2m $9.2m 0.07% Added +8.9k +8,875
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 319,047319.0k $8.7m $8.7m 0.00% Added +6.6k +6,633
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 307,852307.9k $8.4m $8.4m 0.00% Reduced -240.1k -240,114
13 GLENVIEW CAPITAL MANAGEMENT, LLC 0.15% of their portfolio NEW YORK, NY 291,855291.9k $7.9m $7.9m 0.15% Unchanged
14 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 232,590232.6k $6.3m $6.3m 0.00% Reduced -3.6k -3,560
15 PRELUDE CAPITAL MANAGEMENT, LLC 0.29% of their portfolio NEW YORK, NY 156,055156.1k $4.2m $4.2m 0.29% Reduced -2.4k -2,422
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 141,766141.8k $3.9m $3.9m 0.00% Reduced -5.7k -5,685
17 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 137,746137.7k $3.7m $3.7m 0.00% Reduced -30.4k -30,415
18 Curi Capital, LLC 0.07% of their portfolio CHICAGO, IL 116,095116.1k $3.2m $3.2m 0.07% Added +5.5k +5,517
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 112,820112.8k $3.1m $3.1m 0.00% Added +3.4k +3,434
20 Woodson Capital Management, LP 0.50% of their portfolio Greenwich, CT 100,000100.0k $2.7m $2.7m 0.50% New
21 INHERENT GROUP, LP 1.65% of their portfolio NEW YORK, NY 100,000100.0k $2.7m $2.7m 1.65% New
22 Knott David M Jr 0.80% of their portfolio SYOSSET, NY 83,55783.6k $2.3m $2.3m 0.80% New
23 Bryant Woods Investment Advisors, LLC 1.21% of their portfolio GETZVILLE, NY 75,42975.4k $2.1m $2.1m 1.21% Added +4.9k +4,881
24 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 75,03375.0k $2.0m $2.0m 0.00% Added +4.9k +4,938
25 Ledgewood Wealth Advisors, LLC 1.77% of their portfolio EXETER, NH 69,99770.0k $1.9m $1.9m 1.77% Reduced -9.0k -9,000
26 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 68,60068.6k $1.9m $1.9m 0.00% Added +45.2k +45,192
27 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 63,72863.7k $1.7m $1.7m 0.01% Added +5.5k +5,483
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 60,46960.5k $1.6m $1.6m 0.00% Added +54.2k +54,184
29 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 57,14357.1k $1.6m $1.6m 0.00% New
30 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 54,60154.6k $1.5m $1.5m 0.00% Added +146 +146
31 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 52,39152.4k $1.4m $1.4m 0.00% Added +36.4k +36,412
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 47,92947.9k $1.3m $1.3m 0.00% Reduced -3.6k -3,632
33 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 46,69446.7k $1.3m $1.3m 0.00% Reduced -25.6k -25,643
34 Samjo Management, LLC 0.30% of their portfolio New York, NY 30,90030.9k $839.9k $839.9k 0.30% Added +100 +100
35 Swiss National Bank 0.00% of their portfolio ZURICH, V8 28,10028.1k $763.8k $763.8k 0.00% Unchanged
36 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 20,99021.0k $570.5k $570.5k 0.00% Added +724 +724
37 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 20,70820.7k $562.8k $562.8k 0.00% Added +5.2k +5,159
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 20,10620.1k $546.5k $546.5k 0.00% Reduced -4.2k -4,181
39 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 19,56019.6k $531.6k $531.6k 0.00% Reduced -491 -491
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 18,12518.1k $492.6k $492.6k 0.00% Added +250 +250
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,14116.1k $438.7k $438.7k 0.00% Reduced -9.4k -9,404
42 Legal & General Group Plc 0.00% of their portfolio London, X0 15,44515.4k $419.8k $419.8k 0.00% Reduced -35 -35
43 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 15,18515.2k $413.0k $413.0k 0.00% Added +495 +495
44 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 14,24414.2k $387.2k $387.2k 0.00% Reduced -765 -765
45 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 13,65913.7k $371.3k $371.3k 0.00% New
46 Inspire Investing, LLC 0.04% of their portfolio MERIDIAN, ID 13,28413.3k $361.1k $361.1k 0.04% New
47 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 13,14813.1k $357.4k $357.4k 0.00% New
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 12,78112.8k $347.4k $347.4k 0.00% Reduced -9.6k -9,551
49 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 12,77012.8k $347.1k $347.1k 0.00% Added +1.2k +1,207
50 GSA CAPITAL PARTNERS LLP 0.03% of their portfolio LONDON, X0 12,60912.6k $343.0k $343.0k 0.03% Added +6.4k +6,415
51 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 11,54011.5k $313.7k $313.7k 0.00% Reduced -1.3k -1,300
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,25211.3k $305.8k $305.8k 0.00% Reduced -7.8k -7,780
53 AlphaQuest LLC 0.05% of their portfolio New York, NY 10,78710.8k $293.2k $293.2k 0.05% New
54 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 10,76510.8k $292.6k $292.6k 0.00% Added +375 +375
55 TITLEIST ASSET MANAGEMENT, LLC 0.05% of their portfolio SAN ANTONIO, TX 9,7009.7k $263.6k $263.6k 0.05% New
56 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,7137.7k $210.0k $210.0k 0.00% New
57 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 7,2407.2k $196.8k $196.8k 0.00% Unchanged
58 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 7,0077.0k $190.4k $190.4k 0.00% Reduced -61 -61
59 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6,1006.1k $165.8k $165.8k 0.00% Unchanged
60 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,2425.2k $142.5k $142.5k 0.00% Added +600 +600
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,3722.4k $64.5k $64.5k 0.00% Added +330 +330
62 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 1,7421.7k $47.3k $47.3k 0.00% Unchanged
63 FMR LLC 0.00% of their portfolio BOSTON, MA 1,4791.5k $40.2k $40.2k 0.00% Reduced -128 -128
64 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,4021.4k $38.1k $38.1k 0.00% Unchanged
65 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,3751.4k $37.0k $37.0k 0.00% Reduced -2.9k -2,931
66 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,0001.0k $27.2k $27.2k 0.00% Unchanged
67 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 874874 $24.0k $24.0k 0.00% Reduced -11.0k -11,011
68 Metropolitan Life Insurance Co/NY 0.00% of their portfolio New York, NY 800800 $21.7k $21.7k 0.00% Unchanged
69 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 571571 $15.0k $15.0k 0.00% Reduced -5.5k -5,515
70 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 443443 $12.0k $12.0k 0.00% Reduced -1.5k -1,533
71 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 300300 $8.2k $8.2k 0.00% Unchanged
72 EntryPoint Capital, LLC 0.00% of their portfolio NEW YORK, NY 175175 $4.8k $4.8k 0.00% New
73 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 100100 $2.7k $2.7k 0.00% Unchanged
74 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 100100 $2.7k $2.7k 0.00% Unchanged
75 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 7272 $2.0k $2.0k 0.00% Reduced -2.8k -2,752
76 NORTHWEST INVESTMENT COUNSELORS, LLC 0.00% of their portfolio Lake Oswego, OR 7171 $1.9k $1.9k 0.00% New
77 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 4242 $1.1k $1.1k 0.00% Unchanged
78 QUADRANT CAPITAL GROUP LLC 0.00% of their portfolio CINCINNATI, OH 3131 $843 $843 0.00% Unchanged
79 Castleview Partners, LLC 0.00% of their portfolio DALLAS, TX 3030 $815 $815 0.00% New
80 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 2727 $734 $734 0.00% Added +7 +7
81 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 2121 $571 $571 0.00% Reduced -19 -19
82 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 1111 $299 $299 0.00% Unchanged
83 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 77 $190 $190 0.00% Reduced -62 -62
84 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 44 $0 $0 0.00% Unchanged
85 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 33 $81 $81 0.00% New
86 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged
87 Caitlin John, LLC 0.00% of their portfolio BRIGHTON, MI 00 $0 $0 0.00% New
88 BROADWATER CAPITAL MANAGEMENT LLC 0.00% of their portfolio BOSTON, MA 00 $0 $0 0.00% New