Vault-13

DIGIMARC CORP NEW

COM · Common Stock · CUSIP 25381B101

103 institutional holders +9 vs Q4 2025
13,583,31213.6m shares reported held*
$66.7mreported value*
24 new 38 added 19 reduced 17 sold out net bought ≈ $3.7m (+751.3k 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 ($10.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $4.91. Options: 2 managers hold calls ($716 notional), 0 hold puts (—).

Trends to Q1 2026

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: 91Q4 25: 94Q1 26: 103103Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 202594
Q1 2026103

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 46 bought or addedQ4 25: 43 cut or sold outQ1 26: 62 bought or addedQ1 26: 36 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20246034
Q3 20244845
Q4 20246932
Q1 20256258
Q2 20255457
Q3 20253857
Q4 20254643
Q1 20266236

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ2 25 calls: $365.6kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $585.2kQ3 25 puts: $82.1kQ3 25P/C 0.14Q4 25 calls: $3.9kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $716Q1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$365.6k$00.00
Q3 2025$585.2k$82.1k0.14
Q4 2025$3.9k$00.00
Q1 2026$716$00.00

Biggest buyers

Lagoda Investment Management, L.P. Added +368,355+368.4k
MARSHALL WACE, LLP Added +254,515+254.5k
Quantinno Capital Management LP Added +188,361+188.4k
UBS Group AG Added +176,641+176.6k
RENAISSANCE TECHNOLOGIES LLC New +167,100+167.1k
Kimelman & Baird, LLC Added +157,878+157.9k
AQR CAPITAL MANAGEMENT LLC New +72,671+72.7k
Private Advisor Group, LLC Added +56,829+56.8k
Silverberg Bernstein Capital Management LLC Added +55,110+55.1k
CAPTRUST FINANCIAL ADVISORS New +51,129+51.1k

Biggest sellers

MORGAN STANLEY Reduced -315,773-315.8k
MILLENNIUM MANAGEMENT LLC Sold out -268,986-269.0k
CITADEL ADVISORS LLC Sold out -100,298-100.3k
GSA CAPITAL PARTNERS LLP Sold out -67,433-67.4k
JANE STREET GROUP, LLC Sold out -56,958-57.0k
Point72 Asset Management, L.P. Sold out -53,895-53.9k
Turim 21 Investimentos Ltda. Reduced -39,672-39.7k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Sold out -38,500-38.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -36,744-36.7k
BNP PARIBAS FINANCIAL MARKETS Reduced -26,653-26.7k

Biggest calls

SIMPLEX TRADING, LLC Reduced $491100 shares
Post Resch Tallon Group Inc. New $2251.0k shares

Biggest puts

None

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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Altai Capital Management, L.P. 38.92% of their portfolio IRVINE, CA 2,769,3462.8m $13.6m $13.6m 38.92% Unchanged
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,069,3721.1m $5.3m $5.3m 0.00% Reduced -13.6k -13,626
3 Lagoda Investment Management, L.P. 3.22% of their portfolio NEW YORK, NY 1,062,8001.1m $5.2m $5.2m 3.22% Added +368.4k +368,355
4 Kimelman & Baird, LLC 0.34% of their portfolio New York, NY 838,695838.7k $4.1m $4.1m 0.34% Added +157.9k +157,878
5 Silverberg Bernstein Capital Management LLC 2.11% of their portfolio ARMONK, NY 779,255779.3k $3.8m $3.8m 2.11% Added +55.1k +55,110
6 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 778,255778.3k $3.8m $3.8m 0.00% First filing
7 BBR PARTNERS, LLC 0.14% of their portfolio NEW YORK, NY 517,299517.3k $2.5m $2.5m 0.14% Unchanged
8 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 502,001502.0k $2.5m $2.5m 0.01% Added +56.8k +56,829
9 BEACONLIGHT CAPITAL, LLC 1.20% of their portfolio New York, NY 431,772431.8k $2.1m $2.1m 1.20% Unchanged
10 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 426,311426.3k $2.1m $2.1m 0.00% Added +44.2k +44,201
11 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 418,304418.3k $2.1m $2.1m 0.00% First filing
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 339,362339.4k $1.7m $1.7m 0.00% Added +176.6k +176,641
13 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 331,409331.4k $1.6m $1.6m 0.00% Added +29.8k +29,768
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 316,268316.3k $1.6m $1.6m 0.00% Reduced -9.6k -9,646
15 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 293,249293.2k $1.4m $1.4m 0.00% Added +188.4k +188,361
16 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 271,858271.9k $1.3m $1.3m 0.00% Added +254.5k +254,515
17 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 234,817234.8k $1.2m $1.2m 0.00% Reduced -154 -154
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 191,687191.7k $941.2k $941.2k 0.00% Reduced -315.8k -315,773
19 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 167,100167.1k $820.5k $820.5k 0.00% New
20 Post Resch Tallon Group Inc. 0.65% of their portfolio PITTSFORD, NY 163,165163.2k $801.1k $801.1k 0.65% Added +24.4k +24,382
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 155,854155.9k $765.2k $765.2k 0.00% Reduced -5.2k -5,170
22 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 141,416141.4k $694.4k $694.4k 0.00% Added +5.8k +5,793
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 139,170139.2k $683.3k $683.3k 0.00% Added +32.3k +32,263
24 Lane Generational LLC 0.48% of their portfolio Palm Beach, FL 123,475123.5k $606.3k $606.3k 0.48% Added +1.3k +1,299
25 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 109,887109.9k $539.5k $539.5k 0.00% First filing
26 Bryant Woods Investment Advisors, LLC 0.17% of their portfolio GETZVILLE, NY 95,90495.9k $470.9k $470.9k 0.17% Added +24.4k +24,438
27 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 72,67172.7k $356.8k $356.8k 0.00% New
28 Ledgewood Wealth Advisors, LLC 0.18% of their portfolio EXETER, NH 65,74165.7k $322.8k $322.8k 0.18% Added +3.7k +3,700
29 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 59,34559.3k $292.0k $292.0k 0.00% Added +7.5k +7,476
30 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 58,33358.3k $286.4k $286.4k 0.00% Unchanged
31 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 55,03455.0k $270.0k $270.0k 0.00% Added +41.2k +41,168
32 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 51,12951.1k $251.0k $251.0k 0.00% New
33 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 36,72936.7k $180.3k $180.3k 0.00% New
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 35,56035.6k $174.6k $174.6k 0.00% Reduced -2.2k -2,155
35 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 31,87931.9k $156.5k $156.5k 0.00% Added +6.1k +6,094
36 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 31,76631.8k $156.0k $156.0k 0.00% Added +169 +169
37 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 28,38228.4k $139.4k $139.4k 0.00% Reduced -36.7k -36,744
38 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 26,94326.9k $132.3k $132.3k 0.00% New
39 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 25,29125.3k $124.2k $124.2k 0.00% New
40 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 23,36023.4k $153.2k $153.2k 0.00% Unchanged
41 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 22,41222.4k $110.0k $110.0k 0.00% New
42 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 21,03721.0k $103.3k $103.3k 0.00% Added +9.2k +9,159
43 Turim 21 Investimentos Ltda. 0.02% of their portfolio RIO DE JANEIRO, D5 20,08720.1k $98.6k $98.6k 0.02% Reduced -39.7k -39,672
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,70019.7k $96.7k $96.7k 0.00% Added +2.3k +2,325
45 Samjo Management, LLC 0.04% of their portfolio New York, NY 19,37519.4k $95.1k $95.1k 0.04% Unchanged
46 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 19,32919.3k $94.9k $94.9k 0.00% Reduced -1.2k -1,239
47 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.01% of their portfolio NEWPORT BEACH, CA 17,28417.3k $84.9k $84.9k 0.01% Reduced -2.0k -2,007
48 IMC-Chicago, LLC 0.00% of their portfolio CHICAGO, IL 16,67416.7k $81.9k $81.9k 0.00% New
49 Campbell & CO Investment Adviser LLC 0.00% of their portfolio BALTIMORE, MD 16,27416.3k $79.9k $79.9k 0.00% New
50 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 14,40014.4k $70.7k $70.7k 0.00% New
51 GRIMES & Co WEALTH MANAGEMENT, LLC 0.00% of their portfolio WESTBOROUGH, MA 13,27113.3k $65.2k $65.2k 0.00% Unchanged
52 Versant Capital Management, Inc 0.01% of their portfolio PHOENIX, AZ 12,39612.4k $60.9k $60.9k 0.01% Added +5.4k +5,402
53 Curi Capital, LLC 0.00% of their portfolio CHICAGO, IL 11,71611.7k $57.5k $57.5k 0.00% Reduced -1.6k -1,609
54 FMR LLC 0.00% of their portfolio BOSTON, MA 10,23410.2k $50.3k $50.3k 0.00% Added +2.6k +2,595
55 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 7,5987.6k $37.3k $37.3k 0.00% Added +170 +170
56 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,2587.3k $32.6k $32.6k 0.00% Reduced -12.7k -12,694
57 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,8766.9k $33.8k $33.8k 0.00% Reduced -11.8k -11,826
58 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6,1006.1k $30.0k $30.0k 0.00% Unchanged
59 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 6,0906.1k $29.9k $29.9k 0.00% First filing
60 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 5,4495.4k $26.8k $26.8k 0.00% Added +3.1k +3,063
61 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,9434.9k $24.3k $24.3k 0.00% Unchanged
62 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 3,7853.8k $18.6k $18.6k 0.00% Unchanged
63 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,4463.4k $16.9k $16.9k 0.00% Reduced -26.7k -26,653
64 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 3,4423.4k $16.9k $16.9k 0.00% Reduced -36 -36
65 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,2493.2k $16.0k $16.0k 0.00% Added +3.2k +3,210
66 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,2193.2k $15.8k $15.8k 0.00% Added +2.7k +2,743
67 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,9903.0k $14.7k $14.7k 0.00% Reduced -21.3k -21,349
68 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 2,7852.8k $13.7k $13.7k 0.00% Added +1.3k +1,322
69 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,3872.4k $11.7k $11.7k 0.00% Added +800 +800
70 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 1,9381.9k $9.5k $9.5k 0.00% Added +702 +702
71 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,4021.4k $6.9k $6.9k 0.00% Unchanged
72 Legal & General Group Plc 0.00% of their portfolio London, X0 1,3721.4k $6.7k $6.7k 0.00% Reduced -300 -300
73 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 1,2221.2k $6.0k $6.0k 0.00% New
74 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 841841 $4.1k $4.1k 0.00% Added +99 +99
75 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 819819 $4.0k $4.0k 0.00% Added +458 +458
76 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 619619 $3.0k $3.0k 0.00% Reduced -230 -230
77 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 394394 $2.0k $2.0k 0.00% Reduced -415 -415
78 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 356356 $1.7k $1.7k 0.00% Added +332 +332
79 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 300300 $1.5k $1.5k 0.00% New
80 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 280280 $1.4k $1.4k 0.00% New
81 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 259259 $1.3k $1.3k 0.00% Unchanged
82 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 200200 $982 $982 0.00% Added +199 +199
83 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 155155 $693 $693 0.00% New
84 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 155155 $761 $761 0.00% Unchanged
85 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 142142 $698 $698 0.00% Added +139 +139
86 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 115115 $565 $565 0.00% New
87 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 114114 $560 $560 0.00% Unchanged
88 Rialto Wealth Management, LLC 0.00% of their portfolio SYRACUSE, NY 103103 $506 $506 0.00% New
89 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 102102 $501 $501 0.00% Unchanged
90 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 100100 $491 $491 0.00% Unchanged
91 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 8888 $445 $445 0.00% Added +42 +42
92 Root Financial Partners, LLC 0.00% of their portfolio ENCINITAS, CA 8080 $393 $393 0.00% New
93 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 5151 $0 $0 0.00% Added +41 +41
94 Vision Retirement, LLC 0.00% of their portfolio RIDGEWOOD, NJ 5050 $246 $246 0.00% Unchanged
95 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2222 $108 $108 0.00% Unchanged
96 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 2020 $99 $99 0.00% New
97 BEACON INVESTMENT ADVISORY SERVICES, INC. 0.00% of their portfolio MORRISTOWN, NJ 1717 $84 $84 0.00% New
98 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1414 $69 $69 0.00% New
99 Covestor Ltd 0.00% of their portfolio LONDON, X0 1414 $0 $0 0.00% Added +8 +8
100 Transamerica Financial Advisors, LLC 0.00% of their portfolio CEDAR RAPIDS, IA 1111 $54 $54 0.00% New