Vault-13

DIGIMARC CORP NEW

COM · Common Stock · CUSIP 25381B101

105 institutional holders -6 vs Q1 2025
13,567,80913.6m shares reported held*
$179.2mreported value*
13 new 41 added 38 reduced 19 sold out net sold ≈ $1.1m (-81.9k 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 ($50.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.21. Options: 4 managers hold calls ($365.6k notional), 1 hold puts ($0).

Trends to Q2 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: 111Q2 25: 105105Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025105

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 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 24Q1 25: 62 bought or addedQ1 25: 58 cut or sold outQ2 25: 54 bought or addedQ2 25: 57 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234929
Q4 20234336
Q1 20244645
Q2 20246034
Q3 20244845
Q4 20246932
Q1 20256258
Q2 20255457

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 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 0.08Q2 25 calls: $365.6kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$1.4m$580.6k0.43
Q4 2024$1.9m$1.8m0.98
Q1 2025$1.2m$94.9k0.08
Q2 2025$365.6k$00.00

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +241,280+241.3k
MORGAN STANLEY Added +136,290+136.3k
CITADEL ADVISORS LLC Added +132,518+132.5k
Silverberg Bernstein Capital Management LLC Added +119,120+119.1k
D. E. Shaw & Co., Inc. Added +91,032+91.0k
RENAISSANCE TECHNOLOGIES LLC Added +68,800+68.8k
Kimelman & Baird, LLC Added +65,609+65.6k
Private Advisor Group, LLC Added +61,783+61.8k
Lagoda Investment Management, L.P. Added +49,750+49.8k
GSA CAPITAL PARTNERS LLP Added +34,311+34.3k

Biggest sellers

BEACONLIGHT CAPITAL, LLC Reduced -228,508-228.5k
BlackRock, Inc. Reduced -199,482-199.5k
PRELUDE CAPITAL MANAGEMENT, LLC Sold out -127,122-127.1k
Woodson Capital Management, LP Reduced -121,847-121.8k
Lombard Odier Asset Management (USA) Corp Sold out -106,000-106.0k
MARSHALL WACE, LLP Reduced -101,974-102.0k
Inspire Advisors, LLC Sold out -72,008-72.0k
BBR PARTNERS, LLC Reduced -38,796-38.8k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -32,448-32.4k
Swiss National Bank Sold out -31,300-31.3k

Biggest calls

CITADEL ADVISORS LLC Reduced $318.4k24.1k shares
SIMPLEX TRADING, LLC Reduced $42.0k3.2k shares
GROUP ONE TRADING LLC Reduced $5.3k400 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Altai Capital Management, L.P. 66.44% of their portfolio IRVINE, CA 2,769,3462.8m $36.6m $36.6m 66.44% Unchanged
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,299,7951.3m $17.2m $17.2m 0.00% Reduced -24.8k -24,848
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,092,8081.1m $14.4m $14.4m 0.00% Reduced -199.5k -199,482
4 Lagoda Investment Management, L.P. 5.56% of their portfolio NEW YORK, NY 743,425743.4k $9.8m $9.8m 5.56% Added +49.8k +49,750
5 Kimelman & Baird, LLC 0.69% of their portfolio New York, NY 640,851640.9k $8.5m $8.5m 0.69% Added +65.6k +65,609
6 Silverberg Bernstein Capital Management LLC 5.63% of their portfolio ARMONK, NY 621,132621.1k $8.2m $8.2m 5.63% Added +119.1k +119,120
7 BBR PARTNERS, LLC 0.43% of their portfolio NEW YORK, NY 517,299517.3k $6.8m $6.8m 0.43% Reduced -38.8k -38,796
8 BEACONLIGHT CAPITAL, LLC 3.67% of their portfolio New York, NY 474,762474.8k $6.3m $6.3m 3.67% Reduced -228.5k -228,508
9 BAILLIE GIFFORD & CO 0.00% of their portfolio EDINBURGH, X0 474,190474.2k $6.3m $6.3m 0.00% Reduced -2.4k -2,353
10 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 461,468461.5k $6.1m $6.1m 0.03% Added +61.8k +61,783
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 392,234392.2k $5.2m $5.2m 0.00% Added +136.3k +136,290
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 371,835371.8k $4.9m $4.9m 0.00% Added +5.2k +5,191
13 Woodson Capital Management, LP 0.81% of their portfolio Greenwich, CT 340,000340.0k $4.5m $4.5m 0.81% Reduced -121.8k -121,847
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 330,065330.1k $4.4m $4.4m 0.00% Reduced -129 -129
15 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 261,865261.9k $3.5m $3.5m 0.00% Added +241.3k +241,280
16 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 230,944230.9k $3.1m $3.1m 0.00% Added +1.7k +1,701
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 192,518192.5k $2.5m $2.5m 0.00% Added +11.0k +11,038
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 142,848142.8k $1.9m $1.9m 0.00% Reduced -9.1k -9,134
19 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 139,372139.4k $1.8m $1.8m 0.00% Added +91.0k +91,032
20 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 134,056134.1k $1.8m $1.8m 0.00% Added +132.5k +132,518
21 Post Resch Tallon Group Inc. 1.62% of their portfolio PITTSFORD, NY 126,911126.9k $1.7m $1.7m 1.62% Added +329 +329
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 125,294125.3k $1.7m $1.7m 0.00% Added +2.4k +2,441
23 Lane Generational LLC 1.35% of their portfolio Palm Beach, FL 109,727109.7k $1.4m $1.4m 1.35% Added +19.3k +19,260
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 106,375106.4k $1.4m $1.4m 0.00% Added +16.1k +16,106
25 Turim 21 Investimentos Ltda. 0.24% of their portfolio RIO DE JANEIRO, D5 94,55394.6k $1.2m $1.2m 0.24% Reduced -16.2k -16,165
26 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 80,60080.6k $1.1m $1.1m 0.00% Added +68.8k +68,800
27 GSA CAPITAL PARTNERS LLP 0.07% of their portfolio LONDON, X0 80,28280.3k $1.1m $1.1m 0.07% Added +34.3k +34,311
28 Bryant Woods Investment Advisors, LLC 0.45% of their portfolio GETZVILLE, NY 78,62678.6k $1.0m $1.0m 0.45% Added +1.1k +1,126
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 78,03678.0k $1.0m $1.0m 0.00% Added +9.5k +9,508
30 Ledgewood Wealth Advisors, LLC 0.58% of their portfolio EXETER, NH 69,24169.2k $914.7k $914.7k 0.58% Reduced -1.1k -1,064
31 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 67,26267.3k $888.5k $888.5k 0.00% Reduced -3.3k -3,320
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 64,08264.1k $846.5k $846.5k 0.00% Reduced -6.0k -6,010
33 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 47,48047.5k $627.2k $627.2k 0.03% Reduced -7.2k -7,197
34 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 44,56244.6k $588.7k $588.7k 0.00% Reduced -25.0k -24,976
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 42,40542.4k $560.2k $560.2k 0.00% Reduced -3.5k -3,453
36 Samjo Management, LLC 0.21% of their portfolio New York, NY 37,07537.1k $489.8k $489.8k 0.21% Added +1.4k +1,350
37 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 35,96836.0k $475.0k $475.0k 0.01% Added +18.2k +18,168
38 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 33,00033.0k $435.9k $435.9k 0.00% New
39 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 31,59731.6k $417.4k $417.4k 0.00% Reduced -26.0k -25,974
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 29,85729.9k $394.4k $394.4k 0.00% Reduced -6.1k -6,087
41 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 29,67029.7k $391.9k $391.9k 0.00% Added +9.0k +9,019
42 Inspire Investing, LLC 0.04% of their portfolio MERIDIAN, ID 29,24829.2k $386.4k $386.4k 0.04% Reduced -12.5k -12,506
43 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 27,47927.5k $363.0k $363.0k 0.00% Added +7.3k +7,341
44 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 24,71324.7k $326.5k $326.5k 0.00% Reduced -10.7k -10,656
45 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 24,28624.3k $321.0k $321.0k 0.00% Added +479 +479
46 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 23,69723.7k $313.0k $313.0k 0.01% Reduced -20.2k -20,168
47 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 23,36023.4k $308.6k $308.6k 0.00% Added +10.3k +10,300
48 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 23,01523.0k $304.0k $304.0k 0.00% Added +13.0k +13,046
49 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 22,15922.2k $292.7k $292.7k 0.00% Added +603 +603
50 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 21,26621.3k $280.9k $280.9k 0.01% Reduced -5.6k -5,596
51 OCCUDO QUANTITATIVE STRATEGIES LP 0.03% of their portfolio FORT LAUDERDALE, FL 21,09721.1k $278.7k $278.7k 0.03% Reduced -13.6k -13,619
52 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 20,67020.7k $273.0k $273.0k 0.00% Reduced -4.3k -4,332
53 EntryPoint Capital, LLC 0.13% of their portfolio NEW YORK, NY 19,43319.4k $256.7k $256.7k 0.13% Added +9.2k +9,243
54 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.06% of their portfolio NEWPORT BEACH, CA 18,94318.9k $250.2k $250.2k 0.06% Added +5.6k +5,643
55 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 18,24618.2k $240.0k $240.0k 0.00% Added +17.6k +17,557
56 Sender Co & Partners, Inc. 0.11% of their portfolio NEW YORK, NY 17,32717.3k $228.9k $228.9k 0.11% New
57 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 15,00015.0k $198.2k $198.2k 0.00% New
58 Quantbot Technologies LP 0.00% of their portfolio NEW YORK, NY 14,36914.4k $189.8k $189.8k 0.00% New
59 GRIMES & Co WEALTH MANAGEMENT, LLC 0.00% of their portfolio WESTBOROUGH, MA 13,27113.3k $175.3k $175.3k 0.00% Unchanged
60 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 12,31212.3k $162.6k $162.6k 0.00% New
61 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 12,27612.3k $162.2k $162.2k 0.00% Reduced -102.0k -101,974
62 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 11,86511.9k $156.7k $156.7k 0.00% Reduced -184 -184
63 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 10,72810.7k $141.7k $141.7k 0.00% New
64 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 10,01410.0k $132.3k $132.3k 0.00% New
65 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 9,2999.3k $122.8k $122.8k 0.00% Added +708 +708
66 Brooklyn Investment Group 0.02% of their portfolio NEW YORK, NY 8,8518.9k $116.9k $116.9k 0.02% New
67 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 8,6878.7k $114.8k $114.8k 0.00% Reduced -390 -390
68 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 8,5838.6k $113.4k $113.4k 0.00% Unchanged
69 Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio SINGAPORE, U0 7,6267.6k $100.7k $100.7k 0.02% Added +2.6k +2,595
70 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 6,3306.3k $83.6k $83.6k 0.00% Reduced -5.4k -5,380
71 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6,1006.1k $80.6k $80.6k 0.00% Unchanged
72 Aquatic Capital Management LLC 0.00% of their portfolio CHICAGO, IL 5,9566.0k $78.7k $78.7k 0.00% Added +383 +383
73 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,9434.9k $65.3k $65.3k 0.00% New
74 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 3,7853.8k $50.0k $50.0k 0.00% Unchanged
75 FMR LLC 0.00% of their portfolio BOSTON, MA 2,8222.8k $37.3k $37.3k 0.00% Added +1.5k +1,475
76 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 2,6992.7k $35.7k $35.7k 0.00% Reduced -5.0k -5,029
77 FNY Investment Advisers, LLC 0.01% of their portfolio NEW YORK, NY 2,6732.7k $35.0k $35.0k 0.01% New
78 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,9722.0k $26.1k $26.1k 0.00% Added +1.0k +1,027
79 AlphaQuest LLC 0.00% of their portfolio New York, NY 1,9612.0k $25.9k $25.9k 0.00% Reduced -709 -709
80 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,6951.7k $22.4k $22.4k 0.00% Added +1.6k +1,631
81 Legal & General Group Plc 0.00% of their portfolio London, X0 1,6721.7k $22.1k $22.1k 0.00% Reduced -16.4k -16,418
82 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,4021.4k $18.5k $18.5k 0.00% Unchanged
83 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 1,3721.4k $18.1k $18.1k 0.00% New
84 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 1,0371.0k $13.7k $13.7k 0.00% Added +662 +662
85 CWM, LLC 0.00% of their portfolio OMAHA, NE 970970 $13.0k $13.0k 0.00% Added +823 +823
86 Point72 (DIFC) Ltd 0.00% of their portfolio DUBAI, C0 602602 $8.0k $8.0k 0.00% Added +115 +115
87 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 524524 $7.0k $7.0k 0.00% Unchanged
88 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 484484 $6.4k $6.4k 0.00% Reduced -34 -34
89 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 300300 $4.0k $4.0k 0.00% Unchanged
90 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 250250 $3.3k $3.3k 0.00% Reduced -1.6k -1,571
91 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 212212 $2.8k $2.8k 0.00% Reduced -236 -236
92 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 171171 $2.0k $2.0k 0.00% Reduced -911 -911
93 Fortitude Family Office, LLC 0.00% of their portfolio SCOTTSDALE, AZ 158158 $2.1k $2.1k 0.00% New
94 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 100100 $1.3k $1.3k 0.00% Reduced -237 -237
95 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 5757 $753 $753 0.00% First filing
96 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 3333 $436 $436 0.00% Added +4 +4
97 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2020 $264 $264 0.00% Unchanged
98 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1919 $251 $251 0.00% Unchanged
99 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1616 $211 $211 0.00% Reduced -3 -3
100 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 1111 $145 $145 0.00% Reduced -1.9k -1,930