Vault-13

DIGIMARC CORP NEW

COM · Common Stock · CUSIP 25381B101

111 institutional holders -4 vs Q4 2024
13,611,95213.6m shares reported held*
$174.5mreported value*
22 new 40 added 34 reduced 24 sold out net bought ≈ $9.5m (+744.8k 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 ($535.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.82. Options: 6 managers hold calls ($1.2m notional), 3 hold puts ($94.9k).

Trends to Q1 2025

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: 111111Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202277
Q4 202277
Q1 202374
Q2 202382
Q3 202392
Q4 202391
Q1 202488
Q2 2024103
Q3 202497
Q4 2024115
Q1 2025111

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 50 bought or addedQ2 23: 20 cut or sold outQ3 23: 49 bought or addedQ3 23: 29 cut or sold outQ3 23Q4 23: 43 bought or addedQ4 23: 36 cut or sold outQ1 24: 46 bought or addedQ1 24: 45 cut or sold outQ1 24Q2 24: 60 bought or addedQ2 24: 34 cut or sold outQ3 24: 48 bought or addedQ3 24: 45 cut or sold outQ3 24Q4 24: 69 bought or addedQ4 24: 32 cut or sold outQ1 25: 62 bought or addedQ1 25: 58 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20235020
Q3 20234929
Q4 20234336
Q1 20244645
Q2 20246034
Q3 20244845
Q4 20246932
Q1 20256258

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ2 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 0.98Q1 25 calls: $1.2mQ1 25 puts: $94.9kQ1 25P/C 0.08
Numbers
QuarterCallsPutsP/C
Q2 2024$198.4k$6.2k0.03
Q3 2024$1.4m$580.6k0.43
Q4 2024$1.9m$1.8m0.98
Q1 2025$1.2m$94.9k0.08

Biggest buyers

BBR PARTNERS, LLC New +556,095+556.1k
MORGAN STANLEY Added +157,209+157.2k
MARSHALL WACE, LLP New +114,250+114.2k
Turim 21 Investimentos Ltda. New +110,718+110.7k
Lane Generational LLC New +90,467+90.5k
Inspire Advisors, LLC New +72,008+72.0k
Lagoda Investment Management, L.P. Added +65,400+65.4k
JANE STREET GROUP, LLC Added +62,687+62.7k
Lombard Odier Asset Management (USA) Corp Added +52,500+52.5k
UBS Group AG Added +46,296+46.3k

Biggest sellers

Granahan Investment Management, LLC Sold out -249,435-249.4k
Samjo Management, LLC Reduced -99,571-99.6k
BEACONLIGHT CAPITAL, LLC Reduced -73,144-73.1k
CITADEL ADVISORS LLC Reduced -69,329-69.3k
Jefferies Financial Group Inc. Sold out -65,000-65.0k
Woodson Capital Management, LP Reduced -59,364-59.4k
D. E. Shaw & Co., Inc. Reduced -56,688-56.7k
STATE STREET CORP Reduced -54,605-54.6k
WOLVERINE TRADING, LLC Sold out -45,880-45.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -26,982-27.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $492.3k38.4k shares
CITADEL ADVISORS LLC Added $350.0k27.3k shares
Lombard Odier Asset Management (USA) Corp New $320.5k25.0k shares
SIMPLEX TRADING, LLC Reduced $48.0k3.8k shares
GROUP ONE TRADING LLC New $10.3k800 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $89.7k7.0k shares
GROUP ONE TRADING LLC Unchanged $5.1k400 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Altai Capital Management, L.P. 61.52% of their portfolio IRVINE, CA 2,769,3462.8m $35.5m $35.5m 61.52% Unchanged
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,324,6431.3m $17.0m $17.0m 0.00% Added +15.7k +15,664
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,292,2901.3m $16.6m $16.6m 0.00% Added +32.8k +32,832
4 BEACONLIGHT CAPITAL, LLC 6.16% of their portfolio New York, NY 703,270703.3k $9.0m $9.0m 6.16% Reduced -73.1k -73,144
5 Lagoda Investment Management, L.P. 5.67% of their portfolio NEW YORK, NY 693,675693.7k $8.9m $8.9m 5.67% Added +65.4k +65,400
6 Kimelman & Baird, LLC 0.63% of their portfolio New York, NY 575,242575.2k $7.4m $7.4m 0.63% Reduced -7.5k -7,535
7 BBR PARTNERS, LLC 0.50% of their portfolio NEW YORK, NY 556,095556.1k $7.1m $7.1m 0.50% New
8 Silverberg Bernstein Capital Management LLC 5.99% of their portfolio ARMONK, NY 502,012502.0k $6.4m $6.4m 5.99% Added +44.3k +44,334
9 BAILLIE GIFFORD & CO 0.01% of their portfolio EDINBURGH, X0 476,543476.5k $6.1m $6.1m 0.01% Reduced -16.0k -15,987
10 Woodson Capital Management, LP 1.35% of their portfolio Greenwich, CT 461,847461.8k $5.9m $5.9m 1.35% Reduced -59.4k -59,364
11 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 399,685399.7k $5.1m $5.1m 0.03% Added +29.3k +29,291
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 366,644366.6k $4.7m $4.7m 0.00% Added +11.0k +10,971
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 330,194330.2k $4.2m $4.2m 0.00% Reduced -54.6k -54,605
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 255,944255.9k $3.3m $3.3m 0.00% Added +157.2k +157,209
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 229,243229.2k $2.9m $2.9m 0.00% Added +463 +463
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 181,480181.5k $2.3m $2.3m 0.00% Added +46.3k +46,296
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 151,982152.0k $1.9m $1.9m 0.00% Reduced -5.3k -5,293
18 PRELUDE CAPITAL MANAGEMENT, LLC 0.16% of their portfolio NEW YORK, NY 127,122127.1k $1.6m $1.6m 0.16% Reduced -24.5k -24,518
19 Post Resch Tallon Group Inc. 1.65% of their portfolio PITTSFORD, NY 126,582126.6k $1.6m $1.6m 1.65% Added +7.1k +7,125
20 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 122,853122.9k $1.6m $1.6m 0.00% Added +199 +199
21 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 114,250114.2k $1.5m $1.5m 0.00% New
22 Turim 21 Investimentos Ltda. 0.38% of their portfolio RIO DE JANEIRO, D5 110,718110.7k $1.4m $1.4m 0.38% New
23 Lombard Odier Asset Management (USA) Corp 0.46% of their portfolio New York, NY 106,000106.0k $1.4m $1.4m 0.46% Added +52.5k +52,500
24 Lane Generational LLC 1.32% of their portfolio Palm Beach, FL 90,46790.5k $1.2m $1.2m 1.32% New
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 90,26990.3k $1.2m $1.2m 0.00% Added +32.6k +32,552
26 Bryant Woods Investment Advisors, LLC 0.48% of their portfolio GETZVILLE, NY 77,50077.5k $993.6k $993.6k 0.48% Added +1.2k +1,195
27 Inspire Advisors, LLC 0.11% of their portfolio Meridian, ID 72,00872.0k $923.1k $923.1k 0.11% New
28 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 70,58270.6k $904.9k $904.9k 0.00% Added +9.9k +9,924
29 Ledgewood Wealth Advisors, LLC 0.58% of their portfolio EXETER, NH 70,30570.3k $901.3k $901.3k 0.58% Reduced -150 -150
30 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 70,09270.1k $898.6k $898.6k 0.00% Reduced -6.2k -6,244
31 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 69,53869.5k $891.5k $891.5k 0.00% Added +62.7k +62,687
32 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 68,52868.5k $878.5k $878.5k 0.00% Reduced -17.7k -17,683
33 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 57,57157.6k $738.1k $738.1k 0.00% First filing
34 XTX Topco Ltd 0.04% of their portfolio LONDON, X0 54,67754.7k $701.0k $701.0k 0.04% Added +46.1k +46,088
35 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 48,34048.3k $619.7k $619.7k 0.00% Reduced -56.7k -56,688
36 GSA CAPITAL PARTNERS LLP 0.05% of their portfolio LONDON, X0 45,97146.0k $589.0k $589.0k 0.05% New
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 45,85845.9k $587.9k $587.9k 0.00% Reduced -34 -34
38 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 43,86543.9k $562.4k $562.4k 0.01% Reduced -6.5k -6,468
39 Inspire Investing, LLC 0.06% of their portfolio MERIDIAN, ID 41,75441.8k $535.3k $535.3k 0.06% Added +31.2k +31,220
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 35,94435.9k $460.8k $460.8k 0.00% Reduced -27.0k -26,982
41 Samjo Management, LLC 0.19% of their portfolio New York, NY 35,72535.7k $458.0k $458.0k 0.19% Reduced -99.6k -99,571
42 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 35,36935.4k $453.4k $453.4k 0.00% First filing
43 OCCUDO QUANTITATIVE STRATEGIES LP 0.06% of their portfolio FORT LAUDERDALE, FL 34,71634.7k $460.3k $460.3k 0.06% New
44 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 32,44832.4k $416.0k $416.0k 0.00% Added +1.7k +1,674
45 Swiss National Bank 0.00% of their portfolio ZURICH, V8 31,30031.3k $401.3k $401.3k 0.00% Unchanged
46 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 26,86226.9k $344.4k $344.4k 0.01% Added +20.0k +19,990
47 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 25,00225.0k $321.0k $321.0k 0.00% Reduced -19.0k -18,987
48 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 23,80723.8k $306.0k $306.0k 0.00% Added +6.0k +5,961
49 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 21,55621.6k $276.3k $276.3k 0.00% Added +661 +661
50 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 20,65120.7k $264.7k $264.7k 0.00% Added +6.2k +6,161
51 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 20,58520.6k $263.9k $263.9k 0.00% New
52 PAX Financial Group, LLC 0.05% of their portfolio SAN ANTONIO, TX 20,57720.6k $263.8k $263.8k 0.05% New
53 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 20,13820.1k $258.2k $258.2k 0.00% Reduced -7.2k -7,220
54 Legal & General Group Plc 0.00% of their portfolio London, X0 18,09018.1k $231.9k $231.9k 0.00% Added +424 +424
55 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 17,80017.8k $228.0k $228.0k 0.00% New
56 COLDSTREAM CAPITAL MANAGEMENT INC 0.00% of their portfolio BELLEVUE, WA 16,01016.0k $205.2k $205.2k 0.00% Reduced -8 -8
57 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 14,94414.9k $191.6k $191.6k 0.00% Unchanged
58 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.04% of their portfolio NEWPORT BEACH, CA 13,30013.3k $170.5k $170.5k 0.04% Reduced -5.8k -5,813
59 GRIMES & Co WEALTH MANAGEMENT, LLC 0.01% of their portfolio WESTBOROUGH, MA 13,27113.3k $170.1k $170.1k 0.01% New
60 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 13,06013.1k $167.4k $167.4k 0.00% Reduced -1.1k -1,060
61 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 12,75112.8k $163.5k $163.5k 0.00% Added +5.5k +5,477
62 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 12,04912.0k $154.5k $154.5k 0.00% Reduced -500 -500
63 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 11,80011.8k $151.3k $151.3k 0.00% Reduced -25.6k -25,600
64 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11,71011.7k $150.1k $150.1k 0.00% Reduced -1.3k -1,270
65 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 10,59510.6k $135.8k $135.8k 0.00% New
66 EntryPoint Capital, LLC 0.06% of their portfolio NEW YORK, NY 10,19010.2k $130.6k $130.6k 0.06% New
67 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 9,96910.0k $127.8k $127.8k 0.00% New
68 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 9,0779.1k $116.4k $116.4k 0.00% Added +390 +390
69 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,5918.6k $110.1k $110.1k 0.00% Added +147 +147
70 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 8,5838.6k $110.0k $110.0k 0.00% Reduced -152 -152
71 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 7,7287.7k $99.1k $99.1k 0.00% Added +2.9k +2,852
72 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 7,4327.4k $95.3k $95.3k 0.00% Reduced -110 -110
73 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6,1006.1k $78.2k $78.2k 0.00% Unchanged
74 Aquatic Capital Management LLC 0.00% of their portfolio CHICAGO, IL 5,5735.6k $71.4k $71.4k 0.00% New
75 Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio SINGAPORE, U0 5,0315.0k $64.5k $64.5k 0.02% New
76 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 4,7854.8k $61.3k $61.3k 0.00% Unchanged
77 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 3,7853.8k $48.5k $48.5k 0.00% Unchanged
78 KLP KAPITALFORVALTNING AS 0.00% of their portfolio OSLO, Q8 2,8002.8k $35.9k $35.9k 0.00% Unchanged
79 AlphaQuest LLC 0.00% of their portfolio New York, NY 2,6702.7k $34.2k $34.2k 0.00% Added +2.2k +2,160
80 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 1,9411.9k $24.9k $24.9k 0.00% Added +1.8k +1,772
81 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,8211.8k $23.3k $23.3k 0.00% Added +1.1k +1,119
82 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 1,5381.5k $19.7k $19.7k 0.00% Reduced -69.3k -69,329
83 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,4021.4k $18.0k $18.0k 0.00% Unchanged
84 FMR LLC 0.00% of their portfolio BOSTON, MA 1,3471.3k $17.3k $17.3k 0.00% Reduced -3.7k -3,656
85 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,0821.1k $13.0k $13.0k 0.00% Reduced -7.1k -7,140
86 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,0001.0k $12.8k $12.8k 0.00% Unchanged
87 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 945945 $12.1k $12.1k 0.00% Reduced -2.0k -2,006
88 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 874874 $11.0k $11.0k 0.00% Unchanged
89 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 689689 $9.0k $9.0k 0.00% Reduced -366 -366
90 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 524524 $7.0k $7.0k 0.00% Added +81 +81
91 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 518518 $6.6k $6.6k 0.00% Added +509 +509
92 Point72 (DIFC) Ltd 0.00% of their portfolio DUBAI, C0 487487 $6.2k $6.2k 0.00% New
93 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 448448 $5.7k $5.7k 0.00% Added +304 +304
94 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 375375 $4.8k $4.8k 0.00% New
95 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 337337 $4.3k $4.3k 0.00% Added +150 +150
96 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 300300 $3.8k $3.8k 0.00% Unchanged
97 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 224224 $2.9k $2.9k 0.00% New
98 CWM, LLC 0.00% of their portfolio OMAHA, NE 147147 $2.0k $2.0k 0.00% Added +125 +125
99 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 110110 $1.4k $1.4k 0.00% New
100 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 6464 $837 $837 0.00% Reduced -150 -150