Vault-13

DIGIMARC CORP NEW

COM · Common Stock · CUSIP 25381B101

115 institutional holders +18 vs Q3 2024
12,864,97212.9m shares reported held*
$482.2mreported value*
24 new 45 added 22 reduced 10 sold out net bought ≈ $18.8m (+502.2k 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 ($141.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.48. Options: 5 managers hold calls ($1.9m notional), 4 hold puts ($1.8m).

Trends to Q4 2024

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: 115115Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202277
Q4 202277
Q1 202374
Q2 202382
Q3 202392
Q4 202391
Q1 202488
Q2 2024103
Q3 202497
Q4 2024115

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 23: 32 bought or addedQ1 23: 34 cut or sold outQ2 23: 50 bought or addedQ2 23: 20 cut or sold outQ2 23Q3 23: 49 bought or addedQ3 23: 29 cut or sold outQ4 23: 43 bought or addedQ4 23: 36 cut or sold outQ4 23Q1 24: 46 bought or addedQ1 24: 45 cut or sold outQ2 24: 60 bought or addedQ2 24: 34 cut or sold outQ2 24Q3 24: 48 bought or addedQ3 24: 45 cut or sold outQ4 24: 69 bought or addedQ4 24: 32 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20233234
Q2 20235020
Q3 20234929
Q4 20234336
Q1 20244645
Q2 20246034
Q3 20244845
Q4 20246932

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ1 24 calls: $728.7kQ1 24 puts: $410.0kQ1 24P/C 0.56Q2 24 calls: $198.4kQ2 24 puts: $6.2kQ2 24P/C 0.03Q3 24 calls: $1.4mQ3 24 puts: $580.6kQ3 24P/C 0.43Q4 24 calls: $1.9mQ4 24 puts: $1.8mQ4 24P/C 0.98
Numbers
QuarterCallsPutsP/C
Q1 2024$728.7k$410.0k0.56
Q2 2024$198.4k$6.2k0.03
Q3 2024$1.4m$580.6k0.43
Q4 2024$1.9m$1.8m0.98

Biggest buyers

Granahan Investment Management, LLC New +249,435+249.4k
UBS Group AG Added +120,766+120.8k
Woodson Capital Management, LP Added +65,547+65.5k
Jefferies Financial Group Inc. New +65,000+65.0k
BlackRock, Inc. Added +64,115+64.1k
Samjo Management, LLC Added +59,896+59.9k
Lombard Odier Asset Management (USA) Corp New +53,500+53.5k
D. E. Shaw & Co., Inc. Added +50,690+50.7k
WOLVERINE TRADING, LLC New +45,880+45.9k
Lagoda Investment Management, L.P. Added +39,750+39.8k

Biggest sellers

GLENVIEW CAPITAL MANAGEMENT, LLC Reduced -172,990-173.0k
BAILLIE GIFFORD & CO Reduced -87,903-87.9k
Knott David M Jr Sold out -83,557-83.6k
Curi Capital, LLC Reduced -67,488-67.5k
MARSHALL WACE, LLP Sold out -53,466-53.5k
BEACONLIGHT CAPITAL, LLC Reduced -24,670-24.7k
Squarepoint Ops LLC Sold out -16,077-16.1k
MILLENNIUM MANAGEMENT LLC Sold out -15,661-15.7k
LAZARD ASSET MANAGEMENT LLC Sold out -13,398-13.4k
JANE STREET GROUP, LLC Reduced -12,542-12.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $838.9k22.4k shares
CITADEL ADVISORS LLC Added $786.5k21.0k shares
SIMPLEX TRADING, LLC Added $235.0k6.3k shares
Post Resch Tallon Group Inc. First filing $20.1k1.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Jefferies Financial Group Inc. New $1.8m47.0k shares
CITADEL ADVISORS LLC Reduced $59.9k1.6k shares
GROUP ONE TRADING LLC New $15.0k400 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, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Altai Capital Management, L.P. 80.18% of their portfolio IRVINE, CA 2,769,3462.8m $103.7m $103.7m 80.18% Unchanged
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,308,9791.3m $49.0m $49.0m 0.00% Added +5.7k +5,726
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,259,4581.3m $47.2m $47.2m 0.00% Added +64.1k +64,115
4 BEACONLIGHT CAPITAL, LLC 11.62% of their portfolio New York, NY 776,414776.4k $29.1m $29.1m 11.62% Reduced -24.7k -24,670
5 Lagoda Investment Management, L.P. 12.72% of their portfolio NEW YORK, NY 628,275628.3k $23.5m $23.5m 12.72% Added +39.8k +39,750
6 Kimelman & Baird, LLC 1.73% of their portfolio New York, NY 582,777582.8k $21.8m $21.8m 1.73% Added +1.0k +1,022
7 Woodson Capital Management, LP 3.70% of their portfolio Greenwich, CT 521,211521.2k $19.5m $19.5m 3.70% Added +65.5k +65,547
8 BAILLIE GIFFORD & CO 0.01% of their portfolio EDINBURGH, X0 492,530492.5k $18.4m $18.4m 0.01% Reduced -87.9k -87,903
9 Silverberg Bernstein Capital Management LLC 15.09% of their portfolio ARMONK, NY 457,678457.7k $17.1m $17.1m 15.09% Reduced -2.3k -2,255
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 384,799384.8k $14.4m $14.4m 0.00% Added +6.4k +6,420
11 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 370,394370.4k $13.9m $13.9m 0.08% Added +10.7k +10,680
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 355,673355.7k $13.3m $13.3m 0.00% Added +935 +935
13 Granahan Investment Management, LLC 0.39% of their portfolio WALTHAM, MA 249,435249.4k $9.3m $9.3m 0.39% New
14 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 228,780228.8k $8.6m $8.6m 0.00% Added +703 +703
15 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 157,275157.3k $5.9m $5.9m 0.00% Added +283 +283
16 PRELUDE CAPITAL MANAGEMENT, LLC 0.48% of their portfolio NEW YORK, NY 151,640151.6k $5.7m $5.7m 0.48% Reduced -3.4k -3,400
17 Samjo Management, LLC 1.91% of their portfolio New York, NY 135,296135.3k $5.1m $5.1m 1.91% Added +59.9k +59,896
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 135,184135.2k $5.1m $5.1m 0.00% Added +120.8k +120,766
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 122,654122.7k $4.6m $4.6m 0.00% Added +2.0k +2,008
20 Post Resch Tallon Group Inc. 4.62% of their portfolio PITTSFORD, NY 119,457119.5k $4.8m $4.8m 4.62% First filing
21 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 105,028105.0k $3.9m $3.9m 0.00% Added +50.7k +50,690
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 98,73598.7k $3.7m $3.7m 0.00% Reduced -10.8k -10,763
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 86,21186.2k $3.2m $3.2m 0.00% Added +35.3k +35,262
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 76,33676.3k $2.9m $2.9m 0.00% Added +5.3k +5,273
25 Bryant Woods Investment Advisors, LLC 1.38% of their portfolio GETZVILLE, NY 76,30576.3k $2.9m $2.9m 1.38% Reduced -7.3k -7,336
26 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 70,86770.9k $2.7m $2.7m 0.00% Added +4.3k +4,295
27 Ledgewood Wealth Advisors, LLC 1.70% of their portfolio EXETER, NH 70,45570.5k $2.6m $2.6m 1.70% Reduced -830 -830
28 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 65,00065.0k $2.4m $2.4m 0.03% New
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 62,92662.9k $2.4m $2.4m 0.00% Added +21.2k +21,248
30 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 60,65860.7k $2.3m $2.3m 0.00% Added +5.5k +5,451
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 57,71757.7k $2.2m $2.2m 0.00% Added +39.3k +39,343
32 Lombard Odier Asset Management (USA) Corp 0.77% of their portfolio New York, NY 53,50053.5k $2.0m $2.0m 0.77% New
33 Curi Capital, LLC 0.04% of their portfolio CHICAGO, IL 50,33350.3k $1.9m $1.9m 0.04% Reduced -67.5k -67,488
34 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 50,00450.0k $1.9m $1.9m 0.00% Reduced -3.6k -3,648
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 45,89245.9k $1.7m $1.7m 0.00% Reduced -305 -305
36 WOLVERINE TRADING, LLC 0.04% of their portfolio CHICAGO, IL 45,88045.9k $1.8m $1.8m 0.04% New
37 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 43,98944.0k $1.6m $1.6m 0.00% Reduced -4.5k -4,450
38 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 37,40037.4k $1.4m $1.4m 0.00% Added +15.9k +15,900
39 Swiss National Bank 0.00% of their portfolio ZURICH, V8 31,30031.3k $1.2m $1.2m 0.00% Unchanged
40 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 30,77430.8k $1.2m $1.2m 0.00% Added +8.7k +8,660
41 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 27,35827.4k $1.0m $1.0m 0.00% Added +2.2k +2,186
42 GLENVIEW CAPITAL MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 26,25926.3k $983.4k $983.4k 0.02% Reduced -173.0k -172,990
43 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 20,89520.9k $782.5k $782.5k 0.00% Added +201 +201
44 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.17% of their portfolio NEWPORT BEACH, CA 19,11319.1k $715.8k $715.8k 0.17% New
45 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 17,84617.8k $669.0k $669.0k 0.00% Added +606 +606
46 Legal & General Group Plc 0.00% of their portfolio London, X0 17,66617.7k $661.6k $661.6k 0.00% Added +660 +660
47 COLDSTREAM CAPITAL MANAGEMENT INC 0.01% of their portfolio BELLEVUE, WA 16,01816.0k $599.9k $599.9k 0.01% New
48 MOODY NATIONAL BANK TRUST DIVISION 0.06% of their portfolio GALVESTON, TX 15,33315.3k $574.2k $574.2k 0.06% New
49 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 14,94414.9k $559.7k $559.7k 0.00% Reduced -149 -149
50 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 14,49014.5k $542.7k $542.7k 0.00% Reduced -9.7k -9,653
51 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 14,12014.1k $528.8k $528.8k 0.00% Unchanged
52 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 12,98013.0k $486.1k $486.1k 0.00% Added +2.0k +2,004
53 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 12,54912.5k $470.0k $470.0k 0.00% First filing
54 Inspire Investing, LLC 0.04% of their portfolio MERIDIAN, ID 10,53410.5k $394.5k $394.5k 0.04% Reduced -4.8k -4,834
55 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 9,6369.6k $360.9k $360.9k 0.00% New
56 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 8,7358.7k $327.1k $327.1k 0.00% Unchanged
57 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 8,6878.7k $325.3k $325.3k 0.00% Added +380 +380
58 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 8,5898.6k $321.7k $321.7k 0.03% New
59 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,4448.4k $316.2k $316.2k 0.00% Added +2.4k +2,393
60 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 8,3378.3k $312.2k $312.2k 0.00% Added +312 +312
61 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 8,2228.2k $307.0k $307.0k 0.01% Reduced -5.6k -5,635
62 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 8,0008.0k $299.6k $299.6k 0.00% New
63 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,7137.7k $288.9k $288.9k 0.00% Unchanged
64 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 7,5427.5k $282.4k $282.4k 0.00% Reduced -570 -570
65 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 7,2747.3k $272.4k $272.4k 0.00% New
66 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 6,8726.9k $257.4k $257.4k 0.01% New
67 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 6,8516.9k $256.6k $256.6k 0.00% Reduced -12.5k -12,542
68 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 6,7736.8k $254.0k $254.0k 0.00% New
69 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 6,5386.5k $245.0k $245.0k 0.00% Added +2.6k +2,590
70 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,5086.5k $243.7k $243.7k 0.00% New
71 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 6,5006.5k $243.7k $243.7k 0.00% New
72 Williams Jones Wealth Management, LLC. 0.00% of their portfolio NEW YORK, NY 6,2506.2k $234.1k $234.1k 0.00% New
73 Independent Solutions Wealth Management, LLC 0.05% of their portfolio Williamsville, NY 6,2086.2k $232.5k $232.5k 0.05% New
74 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6,1006.1k $228.4k $228.4k 0.00% Unchanged
75 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 5,7415.7k $215.0k $215.0k 0.00% New
76 TITLEIST ASSET MANAGEMENT, LLC 0.02% of their portfolio SAN ANTONIO, TX 5,7005.7k $213.5k $213.5k 0.02% Reduced -3.0k -3,000
77 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,4595.5k $204.4k $204.4k 0.00% New
78 FMR LLC 0.00% of their portfolio BOSTON, MA 5,0035.0k $187.4k $187.4k 0.00% Added +20 +20
79 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 4,8764.9k $182.6k $182.6k 0.01% Added +1.1k +1,104
80 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 4,7854.8k $179.2k $179.2k 0.00% Unchanged
81 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 3,7853.8k $141.7k $141.7k 0.00% First filing
82 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,9513.0k $110.5k $110.5k 0.00% Added +2.4k +2,433
83 KLP KAPITALFORVALTNING AS 0.00% of their portfolio OSLO, Q8 2,8002.8k $104.9k $104.9k 0.00% First filing
84 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,4292.4k $91.0k $91.0k 0.00% Reduced -5.4k -5,371
85 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,4021.4k $52.5k $52.5k 0.00% Unchanged
86 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0551.1k $40.0k $40.0k 0.00% Reduced -1.1k -1,064
87 PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio Toronto, A6 1,0051.0k $38.0k $38.0k 0.00% Added +251 +251
88 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,0001.0k $37.5k $37.5k 0.00% Unchanged
89 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 874874 $33.0k $33.0k 0.00% Unchanged
90 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 702702 $26.3k $26.3k 0.00% Added +213 +213
91 AlphaQuest LLC 0.00% of their portfolio New York, NY 510510 $19.1k $19.1k 0.00% New
92 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 443443 $17.0k $17.0k 0.00% Unchanged
93 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 300300 $11.2k $11.2k 0.00% Unchanged
94 R Squared Ltd 0.01% of their portfolio HONG KONG, K3 300300 $11.2k $11.2k 0.01% First filing
95 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 214214 $8.0k $8.0k 0.00% Reduced -48 -48
96 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 187187 $7.0k $7.0k 0.00% Added +14 +14
97 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 169169 $6.3k $6.3k 0.00% Added +158 +158
98 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 144144 $5.4k $5.4k 0.00% Added +17 +17
99 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 133133 $5.0k $5.0k 0.00% New
100 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 5757 $2.1k $2.1k 0.00% New