DOUGLAS DYNAMICS INC PLOW
COM · Common Stock · CUSIP 25960R105
- SectorIndustrials
- IndustryConstruction Machinery & Equip
- HeadquartersMilwaukee, WI
- FilingsSEC EDGAR
* 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 ($2.7m this quarter). Holder counts are more reliable. Shares outstanding: 23.1m as of 2026-08-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $53.73. Options: 2 managers hold calls ($253.6k notional), 1 hold puts ($5.4k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 125 |
| Q4 2022 | 135 |
| Q1 2023 | 149 |
| Q2 2023 | 127 |
| Q3 2023 | 124 |
| Q4 2023 | 134 |
| Q1 2024 | 145 |
| Q2 2024 | 142 |
| Q3 2024 | 153 |
| Q4 2024 | 160 |
| Q1 2025 | 153 |
| Q2 2025 | 167 |
| Q3 2025 | 195 |
| Q4 2025 | 210 |
| Q1 2026 | 233 |
| Q2 2026 | 251 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 76 | 70 |
| Q4 2024 | 87 | 69 |
| Q1 2025 | 73 | 72 |
| Q2 2025 | 91 | 74 |
| Q3 2025 | 105 | 77 |
| Q4 2025 | 95 | 98 |
| Q1 2026 | 123 | 91 |
| Q2 2026 | 145 | 99 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $6.3k | $0 | 0.00 |
| Q4 2025 | $91.4k | $0 | 0.00 |
| Q1 2026 | $1.5m | $0 | 0.00 |
| Q2 2026 | $253.6k | $5.4k | 0.02 |
Biggest buyers
| ALTA FOX CAPITAL MANAGEMENT, LLC | New | +192.3k |
| BlackRock, Inc. | Added | +168.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +148.9k |
| MORGAN STANLEY | Added | +126.7k |
| JPMORGAN CHASE & CO | Added | +121.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +107.5k |
| ROYCE & ASSOCIATES LP | Added | +106.0k |
| PANAGORA ASSET MANAGEMENT INC | Added | +86.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS | Added | +79.3k |
| Man Group plc | Added | +77.3k |
Biggest sellers
| Allspring Global Investments Holdings, LLC | Reduced | -520.6k |
| PZENA INVESTMENT MANAGEMENT LLC | Reduced | -208.5k |
| Ranger Investment Management, L.P. | Reduced | -151.0k |
| SEI INVESTMENTS CO | Reduced | -124.3k |
| Point72 Asset Management, L.P. | Reduced | -95.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -92.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -85.2k |
| Sovereign's Capital Management, LLC | Reduced | -60.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -58.1k |
| Walleye Capital LLC | Sold out | -54.6k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $242.8k4.5k shares |
| SIMPLEX TRADING, LLC | Unchanged | $10.8k200 shares |
Biggest puts
| SIMPLEX TRADING, LLC | New | $5.4k100 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.
| Holder | Stake |
|---|---|
| PZENA INVESTMENT MANAGEMENT LLC 13G · institution -3.2 pts · filed 2026-04-17 | 6.9% |
| Allspring Global Investments Holdings, LLC 13G · institution -2.3 pts · filed 2026-07-31 | 6.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $114.8k | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $21.6k | $21.6k |
| Q2 2025 | 0 | — | 1 | $454.0k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 2 | $78.7k | $41.6k |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 2.0m $109.0m | Added +168.1k |
| Allspring Global Investments Holdings, LLC 0.12% of their portfolio | 1.5m $80.4m | Reduced -520.6k |
| PZENA INVESTMENT MANAGEMENT LLC 0.22% of their portfolio | 1.4m $74.7m | Reduced -208.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 985.5k $53.2m | Added +14.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 919.1k $49.6m | Reduced -17.0k |
| T. Rowe Price Investment Management, Inc. 0.03% of their portfolio | 791.1k $42.7m | Added +3.1k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 1.76% of their portfolio | 659.3k $35.6m | Added +37.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 658.3k $35.5m | Added +107.5k |
| STATE STREET CORP 0.00% of their portfolio | 640.3k $34.5m | Added +34.7k |
| Nuveen, LLC 0.01% of their portfolio | 633.4k $34.2m | Added +13.4k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.21% of their portfolio | 599.1k $32.3m | Reduced -23.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 514.7k $27.8m | Reduced -24.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 507.2k $27.4m | Added +148.9k |
| ALGERT GLOBAL LLC 0.28% of their portfolio | 436.9k $23.6m | Reduced -22.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 389.8k $21.1m | Added +121.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 355.0k $19.2m | Reduced -37.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 335.7k $18.1m | Added +14.2k |
| MORGAN STANLEY 0.00% of their portfolio | 324.5k $17.5m | Added +126.7k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.34% of their portfolio | 315.1k $17.0m | Reduced -10.9k |
| ROYCE & ASSOCIATES LP 0.13% of their portfolio | 305.3k $16.5m | Added +106.0k |
| Ararat Capital Management LP 7.06% of their portfolio | 279.4k $15.1m | Reduced -42.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 246.5k $13.3m | Added +3.0k |
| DF DENT & CO INC 0.25% of their portfolio | 246.3k $13.3m | Reduced -6 |
| ICON ADVISERS INC/CO 2.34% of their portfolio | 230.1k $12.4m | Added +23.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 227.5k $12.3m | Reduced -51.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 222.0k $12.0m | Added +14.5k |
| Hillsdale Investment Management Inc. 0.26% of their portfolio | 212.3k $11.5m | Added +17.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 204.4k $11.0m | Reduced -85.2k |
| ALTA FOX CAPITAL MANAGEMENT, LLC 2.09% of their portfolio | 192.3k $10.4m | New |
| SEI INVESTMENTS CO 0.01% of their portfolio | 179.0k $9.7m | Reduced -124.3k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 174.3k $9.4m | Added +1.2k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 174.2k $9.4m | Reduced -33.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 163.5k $8.8m | Added +6.1k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 162.5k $8.8m | Added +2.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 156.4k $8.4m | Reduced -18.6k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 148.4k $8.0m | Added +86.1k |
| Man Group plc 0.01% of their portfolio | 144.4k $7.8m | Added +77.3k |
| Jupiter Topco LLC 0.00% of their portfolio | 137.5k $7.4m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 132.1k $7.1m | Added +1.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 121.2k $6.5m | Reduced -3.7k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 114.6k $6.2m | Added +79.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 112.2k $6.1m | Added +4.5k |
| Ranger Investment Management, L.P. 0.37% of their portfolio | 109.6k $5.9m | Reduced -151.0k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 108.2k $5.8m | Added +7.1k |
| GABELLI FUNDS LLC 0.04% of their portfolio | 106.1k $5.7m | Unchanged |
| NORGES BANK 0.00% of their portfolio | 90.6k $4.9m | Not comparable |
| GAMCO INVESTORS, INC. ET AL 0.04% of their portfolio | 89.7k $4.8m | Reduced -20 |
| GLOBEFLEX CAPITAL L P 0.60% of their portfolio | 86.6k $4.7m | Unchanged |
| HARBOR CAPITAL ADVISORS, INC. 0.30% of their portfolio | 82.5k $4.5m | Reduced -580 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 81.3k $4.4m | Added +3.5k |
| 1492 Capital Management LLC 1.25% of their portfolio | 78.6k $4.2m | Reduced -10.1k |
| SEGALL BRYANT & HAMILL, LLC 0.05% of their portfolio | 77.8k $4.2m | Reduced -6.6k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 75.1k $3.2m | Unchanged |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 71.5k $3.9m | Added +1.6k |
| Quantinno Capital Management LP 0.00% of their portfolio | 65.2k $3.5m | Added +24.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 63.7k $3.4m | Added +11.5k |
| SEIZERT CAPITAL PARTNERS, LLC 0.14% of their portfolio | 62.6k $3.4m | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 61.4k $3.3m | Added +4.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 61.2k $3.3m | Added +44.3k |
| WILSON ASSET MANAGEMENT (INTERNATIONAL) PTY LTD 0.84% of their portfolio | 56.6k $3.1m | Added +18.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 50.3k $2.7m | Added +1.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.04% of their portfolio | 49.0k $2.6m | Reduced -2.4k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.13% of their portfolio | 48.8k $2.6m | Reduced -6.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 46.5k $2.5m | Added +30.6k |
| Swiss National Bank 0.00% of their portfolio | 45.3k $2.4m | Reduced -300 |
| Squarepoint Ops LLC 0.00% of their portfolio | 43.8k $2.4m | Added +2.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 42.5k $2.3m | Added +9.5k |
| Invesco Ltd. 0.00% of their portfolio | 42.2k $2.3m | Reduced -1.7k |
| BARCLAYS PLC 0.00% of their portfolio | 40.0k $2.2m | Added +791 |
| Campbell & CO Investment Adviser LLC 0.10% of their portfolio | 34.8k $1.9m | Reduced -10.1k |
| Moran Wealth Management, LLC 0.05% of their portfolio | 33.7k $1.8m | New |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 31.5k $1.7m | Added +371 |
| Corient Private Wealth LP 0.00% of their portfolio | 31.4k $1.7m | Added +16.8k |
| Pacific Ridge Capital Partners, LLC 0.31% of their portfolio | 31.4k $1.7m | Reduced -356 |
| Gotham Asset Management, LLC 0.00% of their portfolio | 30.3k $1.6m | Added +19.8k |
| Jackson Creek Investment Advisors LLC 0.44% of their portfolio | 30.1k $1.3m | Reduced -11.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 29.9k $1.6m | Added +2.4k |
| Nicholas Wealth, LLC. 0.88% of their portfolio | 29.6k $1.6m | Reduced -901 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 29.5k $1.6m | Added +1.5k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 29.3k $1.6m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 28.8k $1.6m | Added +19.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 28.6k $1.5m | Added +575 |
| Integrated Quantitative Investments LLC 0.25% of their portfolio | 28.5k $1.5m | Added +6.3k |
| Hennion & Walsh Asset Management, Inc. 0.04% of their portfolio | 28.4k $1.5m | Added +7.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 27.7k $1.5m | Added +3.1k |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 27.5k $1.5m | Added +1.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 27.5k $1.5m | Added +2.7k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio | 27.2k $1.5m | Added +21.2k |
| Engineers Gate Manager LP 0.02% of their portfolio | 26.1k $1.4m | Added +12.4k |
| Quadrature Capital Ltd 0.01% of their portfolio | 26.0k $1.4m | Added +15.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 25.7k $1.4m | Added +4.6k |
| VIRTUS ADVISERS, LLC 0.52% of their portfolio | 25.2k $1.4m | Added +9.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 24.6k $1.3m | Added +596 |
| Provident Investment Management, Inc. 0.13% of their portfolio | 24.4k $1.3m | Reduced -4.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 24.3k $1.0m | Added +6.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 24.0k $1.3m | Reduced -2.7k |
| Legato Capital Management LLC 0.11% of their portfolio | 23.6k $1.3m | Reduced -2.6k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 22.9k $1.2m | Reduced -4.4k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 22.8k $1.2m | Reduced -1.5k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 21.9k $1.2m | Added +2.2k |