Vault-13

DIGIMARC CORP NEW

COM · Common Stock · CUSIP 25381B101

91 institutional holders -14 vs Q2 2025
12,952,58013.0m shares reported held*
$126.6mreported value*
7 new 31 added 38 reduced 19 sold out net sold ≈ $6.0m (-613.0k 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 ($1.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.77. Options: 6 managers hold calls ($585.2k notional), 1 hold puts ($82.1k).

Trends to Q3 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: 105Q3 25: 9191Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202591

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 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 25Q2 25: 54 bought or addedQ2 25: 57 cut or sold outQ3 25: 38 bought or addedQ3 25: 57 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20234336
Q1 20244645
Q2 20246034
Q3 20244845
Q4 20246932
Q1 20256258
Q2 20255457
Q3 20253857

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ4 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 0.00Q3 25 calls: $585.2kQ3 25 puts: $82.1kQ3 25P/C 0.14
Numbers
QuarterCallsPutsP/C
Q4 2024$1.9m$1.8m0.98
Q1 2025$1.2m$94.9k0.08
Q2 2025$365.6k$00.00
Q3 2025$585.2k$82.1k0.14

Biggest buyers

JPMORGAN CHASE & CO Added +150,511+150.5k
Silverberg Bernstein Capital Management LLC Added +72,050+72.0k
D. E. Shaw & Co., Inc. Added +70,730+70.7k
BNP PARIBAS FINANCIAL MARKETS Added +40,483+40.5k
MORGAN STANLEY Added +39,131+39.1k
CITADEL ADVISORS LLC Added +38,231+38.2k
Squarepoint Ops LLC New +34,787+34.8k
JANE STREET GROUP, LLC Added +33,384+33.4k
VANGUARD GROUP INC Added +30,258+30.3k
Post Resch Tallon Group Inc. Added +25,812+25.8k

Biggest sellers

BAILLIE GIFFORD & CO Sold out -474,190-474.2k
MILLENNIUM MANAGEMENT LLC Reduced -141,314-141.3k
Woodson Capital Management, LP Reduced -90,000-90.0k
GSA CAPITAL PARTNERS LLP Sold out -80,282-80.3k
UBS Group AG Reduced -56,344-56.3k
BEACONLIGHT CAPITAL, LLC Reduced -41,694-41.7k
ExodusPoint Capital Management, LP Sold out -35,968-36.0k
Verition Fund Management LLC Sold out -33,000-33.0k
STATE OF WISCONSIN INVESTMENT BOARD Sold out -29,670-29.7k
Inspire Investing, LLC Sold out -29,248-29.2k

Biggest calls

Sender Co & Partners, Inc. New $455.3k46.6k shares
CITADEL ADVISORS LLC Reduced $99.7k10.2k shares
Walleye Capital LLC New $15.6k1.6k shares
GROUP ONE TRADING LLC Added $14.7k1.5k shares
SIMPLEX TRADING, LLC Reduced $0100 shares
FNY Investment Advisers, LLC New $074 shares

Biggest puts

Walleye Capital LLC New $82.1k8.4k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Altai Capital Management, L.P. 53.31% of their portfolio IRVINE, CA 2,769,3462.8m $27.1m $27.1m 53.31% Unchanged
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,330,0531.3m $13.0m $13.0m 0.00% Added +30.3k +30,258
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,085,0351.1m $10.6m $10.6m 0.00% Reduced -7.8k -7,773
4 Lagoda Investment Management, L.P. 4.21% of their portfolio NEW YORK, NY 761,345761.3k $7.4m $7.4m 4.21% Added +17.9k +17,920
5 Silverberg Bernstein Capital Management LLC 4.11% of their portfolio ARMONK, NY 693,182693.2k $6.8m $6.8m 4.11% Added +72.0k +72,050
6 Kimelman & Baird, LLC 0.48% of their portfolio New York, NY 635,370635.4k $6.2m $6.2m 0.48% Reduced -5.5k -5,481
7 BBR PARTNERS, LLC 0.29% of their portfolio NEW YORK, NY 517,299517.3k $5.1m $5.1m 0.29% Unchanged
8 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 466,358466.4k $4.6m $4.6m 0.02% Added +4.9k +4,890
9 BEACONLIGHT CAPITAL, LLC 2.09% of their portfolio New York, NY 433,068433.1k $4.2m $4.2m 2.09% Reduced -41.7k -41,694
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 431,365431.4k $4.2m $4.2m 0.00% Added +39.1k +39,131
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 391,453391.5k $3.8m $3.8m 0.00% Added +19.6k +19,618
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 319,417319.4k $3.1m $3.1m 0.00% Reduced -10.6k -10,648
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 256,886256.9k $2.5m $2.5m 0.00% Added +150.5k +150,511
14 Woodson Capital Management, LP 0.47% of their portfolio Greenwich, CT 250,000250.0k $2.4m $2.4m 0.47% Reduced -90.0k -90,000
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 229,197229.2k $2.2m $2.2m 0.00% Reduced -1.7k -1,747
16 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 210,102210.1k $2.1m $2.1m 0.00% Added +70.7k +70,730
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 172,287172.3k $1.7m $1.7m 0.00% Added +38.2k +38,231
18 Post Resch Tallon Group Inc. 1.32% of their portfolio PITTSFORD, NY 152,723152.7k $1.5m $1.5m 1.32% Added +25.8k +25,812
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 141,062141.1k $1.4m $1.4m 0.00% Reduced -1.8k -1,786
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 136,174136.2k $1.3m $1.3m 0.00% Reduced -56.3k -56,344
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 122,666122.7k $1.2m $1.2m 0.00% Reduced -2.6k -2,628
22 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 120,551120.6k $1.2m $1.2m 0.00% Reduced -141.3k -141,314
23 Lane Generational LLC 0.89% of their portfolio Palm Beach, FL 109,542109.5k $1.1m $1.1m 0.89% Reduced -185 -185
24 Turim 21 Investimentos Ltda. 0.32% of their portfolio RIO DE JANEIRO, D5 98,47598.5k $962.1k $962.1k 0.32% Added +3.9k +3,922
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 78,23278.2k $764.3k $764.3k 0.00% Added +196 +196
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 77,94677.9k $761.5k $761.5k 0.00% Added +33.4k +33,384
27 Bryant Woods Investment Advisors, LLC 0.30% of their portfolio GETZVILLE, NY 77,58177.6k $758.0k $758.0k 0.30% Reduced -1.0k -1,045
28 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 65,19665.2k $637.0k $637.0k 0.00% Added +40.5k +40,483
29 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 62,20062.2k $607.7k $607.7k 0.00% Reduced -18.4k -18,400
30 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 58,33358.3k $569.9k $569.9k 0.00% Reduced -8.9k -8,929
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 57,42457.4k $561.0k $561.0k 0.00% Reduced -6.7k -6,658
32 Ledgewood Wealth Advisors, LLC 0.30% of their portfolio EXETER, NH 51,64151.6k $504.5k $504.5k 0.30% Reduced -17.6k -17,600
33 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 38,50038.5k $376.1k $376.1k 0.01% Added +23.5k +23,500
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 36,30536.3k $314.4k $314.4k 0.00% Reduced -6.1k -6,100
35 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 34,78734.8k $339.9k $339.9k 0.00% New
36 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 33,27233.3k $325.1k $325.1k 0.00% Added +10.3k +10,257
37 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 31,59731.6k $308.7k $308.7k 0.00% Unchanged
38 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 29,96930.0k $293.0k $293.0k 0.00% Added +5.7k +5,683
39 OCCUDO QUANTITATIVE STRATEGIES LP 0.03% of their portfolio FORT LAUDERDALE, FL 24,97725.0k $244.0k $244.0k 0.03% Added +3.9k +3,880
40 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 23,36023.4k $228.2k $228.2k 0.00% Unchanged
41 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 22,43622.4k $219.2k $219.2k 0.00% Added +277 +277
42 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 22,35322.4k $218.4k $218.4k 0.00% Reduced -5.1k -5,126
43 Sender Co & Partners, Inc. 0.08% of their portfolio NEW YORK, NY 21,58821.6k $210.9k $210.9k 0.08% Added +4.3k +4,261
44 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 21,26221.3k $207.7k $207.7k 0.01% Reduced -4 -4
45 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 20,32720.3k $198.6k $198.6k 0.01% Reduced -27.2k -27,153
46 Samjo Management, LLC 0.07% of their portfolio New York, NY 19,37519.4k $189.3k $189.3k 0.07% Reduced -17.7k -17,700
47 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.03% of their portfolio NEWPORT BEACH, CA 19,20219.2k $187.6k $187.6k 0.03% Added +259 +259
48 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 18,82318.8k $183.9k $183.9k 0.00% Reduced -11.0k -11,034
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 15,76015.8k $154.0k $154.0k 0.00% Reduced -2.5k -2,486
50 Curi Capital, LLC 0.00% of their portfolio CHICAGO, IL 14,46414.5k $141.3k $141.3k 0.00% Reduced -9.2k -9,233
51 Brooklyn Investment Group 0.03% of their portfolio NEW YORK, NY 14,42914.4k $190.3k $190.3k 0.03% Added +5.6k +5,578
52 AlphaQuest LLC 0.01% of their portfolio New York, NY 13,37613.4k $130.7k $130.7k 0.01% Added +11.4k +11,415
53 GRIMES & Co WEALTH MANAGEMENT, LLC 0.00% of their portfolio WESTBOROUGH, MA 13,27113.3k $129.7k $129.7k 0.00% Unchanged
54 Voleon Capital Management LP 0.00% of their portfolio BERKELEY, CA 13,15713.2k $128.5k $128.5k 0.00% New
55 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 12,28412.3k $120.0k $120.0k 0.00% New
56 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,36111.4k $111.0k $111.0k 0.00% Added +2.1k +2,062
57 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,06611.1k $108.0k $108.0k 0.00% Reduced -9.6k -9,604
58 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 7,4227.4k $72.5k $72.5k 0.00% Reduced -1.3k -1,265
59 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6,1006.1k $59.6k $59.6k 0.00% Unchanged
60 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 4,9935.0k $48.0k $48.0k 0.00% Added +4.8k +4,822
61 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,9434.9k $48.3k $48.3k 0.00% Unchanged
62 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 3,8613.9k $37.7k $37.7k 0.00% Reduced -4.7k -4,722
63 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 3,7853.8k $37.0k $37.0k 0.00% Unchanged
64 FNY Investment Advisers, LLC 0.01% of their portfolio NEW YORK, NY 3,4123.4k $33.0k $33.0k 0.01% Added +739 +739
65 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,8412.8k $27.8k $27.8k 0.00% Added +869 +869
66 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,2212.2k $21.7k $21.7k 0.00% Added +2.2k +2,202
67 Point72 Asia (Singapore) Pte. Ltd. 0.00% of their portfolio SINGAPORE, U0 1,7111.7k $16.7k $16.7k 0.00% Reduced -5.9k -5,915
68 Quantbot Technologies LP 0.00% of their portfolio NEW YORK, NY 1,6801.7k $16.4k $16.4k 0.00% Reduced -12.7k -12,689
69 Legal & General Group Plc 0.00% of their portfolio London, X0 1,6721.7k $16.3k $16.3k 0.00% Unchanged
70 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 1,6351.6k $16.0k $16.0k 0.00% Reduced -1.1k -1,064
71 FMR LLC 0.00% of their portfolio BOSTON, MA 1,5861.6k $15.5k $15.5k 0.00% Reduced -1.2k -1,236
72 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,4021.4k $13.7k $13.7k 0.00% Unchanged
73 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,3831.4k $13.5k $13.5k 0.00% Reduced -4.9k -4,947
74 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 973973 $9.5k $9.5k 0.00% New
75 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 674674 $6.6k $6.6k 0.00% New
76 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 524524 $5.0k $5.0k 0.00% Unchanged
77 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 300300 $2.9k $2.9k 0.00% Unchanged
78 Fortitude Family Office, LLC 0.00% of their portfolio SCOTTSDALE, AZ 115115 $1.1k $1.1k 0.00% Reduced -43 -43
79 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 107107 $1.0k $1.0k 0.00% Reduced -1.6k -1,588
80 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 100100 $977 $977 0.00% Unchanged
81 CWM, LLC 0.00% of their portfolio OMAHA, NE 9898 $1.0k $1.0k 0.00% Reduced -872 -872
82 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 9292 $899 $899 0.00% Reduced -945 -945
83 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 6666 $644 $644 0.00% New
84 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 5757 $557 $557 0.00% Unchanged
85 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 3838 $371 $371 0.00% Added +5 +5
86 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3131 $303 $303 0.00% Added +26 +26
87 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2222 $215 $215 0.00% Reduced -228 -228
88 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 1212 $117 $117 0.00% New
89 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 99 $88 $88 0.00% Reduced -1.4k -1,363
90 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 66 $59 $59 0.00% Added +5 +5
91 Covestor Ltd 0.00% of their portfolio LONDON, X0 66 $0 $0 0.00% Unchanged