Vault-13

DULUTH HLDGS INC DLTH

COM CL B · Common Stock · CUSIP 26443V101

58 institutional holders +2 vs Q1 2025
5,240,4375.2m shares reported held*
$11.0mreported value*
6 new 8 added 18 reduced 5 sold out net sold ≈ $562.3k (-267.9k 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 ($220.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.10. Options: 3 managers hold calls ($210 notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 91Q4 22: 92Q1 23: 95Q2 23: 80Q3 23: 74Q4 23: 78Q1 24: 72Q2 24: 83Q3 24: 67Q4 24: 61Q1 25: 56Q2 25: 5858Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202291
Q4 202292
Q1 202395
Q2 202380
Q3 202374
Q4 202378
Q1 202472
Q2 202483
Q3 202467
Q4 202461
Q1 202556
Q2 202558

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 22 bought or addedQ3 23: 37 cut or sold outQ4 23: 42 bought or addedQ4 23: 26 cut or sold outQ4 23Q1 24: 25 bought or addedQ1 24: 39 cut or sold outQ2 24: 41 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 24: 28 bought or addedQ3 24: 38 cut or sold outQ4 24: 22 bought or addedQ4 24: 33 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 32 cut or sold outQ2 25: 14 bought or addedQ2 25: 23 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232237
Q4 20234226
Q1 20242539
Q2 20244141
Q3 20242838
Q4 20242233
Q1 20251032
Q2 20251423

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ3 24 calls: $57.9kQ3 24 puts: $63.9kQ3 24P/C 1.10Q4 24 calls: $34.9kQ4 24 puts: $4.0kQ4 24P/C 0.12Q1 25 calls: $13.2kQ1 25 puts: $24.4kQ1 25P/C 1.84Q2 25 calls: $210Q2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$57.9k$63.9k1.10
Q4 2024$34.9k$4.0k0.12
Q1 2025$13.2k$24.4k1.84
Q2 2025$210$00.00

Biggest buyers

GOLDMAN SACHS GROUP INC Added +50,847+50.8k
UBS Group AG Added +45,546+45.5k
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC New +23,650+23.6k
YARGER WEALTH STRATEGIES, LLC Added +17,978+18.0k
PRUDENTIAL FINANCIAL INC New +11,000+11.0k
Madison Wealth Partners, Inc New +10,000+10.0k
Empowered Funds, LLC Added +3,645+3.6k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Added +3,645+3.6k
SIMPLEX TRADING, LLC New +2,450+2.5k
IRONWOOD INVESTMENT MANAGEMENT LLC Added +1,875+1.9k

Biggest sellers

Connor, Clark & Lunn Investment Management Ltd. Reduced -68,412-68.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -57,133-57.1k
CITADEL ADVISORS LLC Sold out -56,464-56.5k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -54,248-54.2k
BlackRock, Inc. Reduced -45,798-45.8k
DIMENSIONAL FUND ADVISORS LP Reduced -44,789-44.8k
JANE STREET GROUP, LLC Sold out -26,366-26.4k
Tieton Capital Management, LLC Reduced -17,005-17.0k
Squarepoint Ops LLC Sold out -14,334-14.3k
CITIGROUP INC Sold out -14,252-14.3k

Biggest calls

GROUP ONE TRADING LLC Reduced $210100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
SIMPLEX TRADING, LLC New $0300 shares

Biggest puts

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
SCHLECHT STEPHEN L. 13G · exempt (held before listing) -1.6 pts · filed 2026-02-13 28.5% -1.6 pts 10.5m≈ $47.0m 2026-02-13
PUGLIESE STEPHANIE L. 13D · may seek influence -0.5 pts · filed 2026-05-14
Stated purposeIn accordance with the terms of the Agreement, 387,097 shares of Common Stock vested on May 5, 2026. Ms. Pugliese elected to have the Issuer withhold 181,935 of such shares to satisfy tax withholding obligations. Full filing
6.8% -0.5 pts 2.3m≈ $10.1m 2026-05-14

Fell to 5% or below in the last year: ASKELADDEN CAPITAL MANAGEMENT LLC (4.9%, 2026-08-07)

Insider purchases and sales in Q2 2025

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)

BuyingSelling
404Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 1 sellingQ2 24Q3 24: 1 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 3 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—1$47.0k—
Q3 20241$39.6k0——
Q4 20240—0——
Q1 20250—0——
Q2 20253$141.3k0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-16 AGRAWAL HEENA Senior Vice President and CFO Bought 13,000 $1.90 $24.7k13.0k shares +6%
2025-04-11 AGRAWAL HEENA Senior Vice President and CFO Bought 9,000 $1.84 $16.6k9.0k shares +4%
2025-04-03 Paschke Brett Lee Director Bought 50,000 $1.81 $90.5k50.0k shares +114%
2025-04-03 FINCH DAVID COLE Director Bought 5,000 $1.90 $9.5k5.0k shares +3%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 800,797800.8k $1.7m $1.7m 0.00% Reduced -44.8k -44,789
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 800,022800.0k $1.7m $1.7m 0.00% Unchanged
3 Madison Asset Management, LLC 0.02% of their portfolio MADISON, WI 762,777762.8k $1.6m $1.6m 0.02% Unchanged
4 Tieton Capital Management, LLC 0.57% of their portfolio YAKIMA, WA 694,600694.6k $1.5m $1.5m 0.57% Reduced -17.0k -17,005
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 383,659383.7k $805.7k $805.7k 0.00% Reduced -45.8k -45,798
6 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 272,579272.6k $572.4k $572.4k 0.01% Added +3.6k +3,645
7 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 176,130176.1k $369.9k $369.9k 0.00% Reduced -68.4k -68,412
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 162,492162.5k $341.4k $341.4k 0.00% Reduced -6.2k -6,245
9 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 138,462138.5k $290.8k $290.8k 0.00% Added +50.8k +50,847
10 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 105,092105.1k $220.7k $220.7k 0.00% Added +3.6k +3,645
11 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 96,83296.8k $203.3k $203.3k 0.00% Unchanged
12 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 81,99082.0k $172.2k $172.2k 0.00% Unchanged
13 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 81,97382.0k $172.1k $172.1k 0.00% Unchanged
14 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 62,09862.1k $130.4k $130.4k 0.00% Reduced -54.2k -54,248
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 60,85860.9k $127.8k $127.8k 0.00% Unchanged
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 58,19158.2k $122.2k $122.2k 0.00% Added +45.5k +45,546
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 56,86256.9k $119.4k $119.4k 0.00% Unchanged
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 55,65955.7k $116.9k $116.9k 0.00% Reduced -57.1k -57,133
19 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 43,90743.9k $92.2k $92.2k 0.00% Reduced -2.0k -1,992
20 Taylor & Morgan Wealth Management, LLC 0.06% of their portfolio TROY, MI 39,68739.7k $83.3k $83.3k 0.06% Unchanged
21 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 39,64139.6k $81.7k $81.7k 0.00% Reduced -2.9k -2,862
22 IRONWOOD INVESTMENT MANAGEMENT LLC 0.04% of their portfolio BOSTON, MA 36,74336.7k $77.2k $77.2k 0.04% Added +1.9k +1,875
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 33,79933.8k $71.0k $71.0k 0.00% Reduced -360 -360
24 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 33,40033.4k $70.1k $70.1k 0.00% Reduced -3.3k -3,300
25 YARGER WEALTH STRATEGIES, LLC 0.04% of their portfolio WESTERVILLE, OH 32,41932.4k $68.1k $68.1k 0.04% Added +18.0k +17,978
26 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 31,38231.4k $65.9k $65.9k 0.00% Reduced -12.1k -12,062
27 Guardian Wealth Management, Inc. 0.04% of their portfolio PEORIA, IL 30,99631.0k $65.1k $65.1k 0.04% Unchanged
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 28,52428.5k $59.9k $59.9k 0.00% Reduced -1.1k -1,095
29 BRAVE ASSET MANAGEMENT INC 0.01% of their portfolio Summit, NJ 24,50024.5k $51.5k $51.5k 0.01% Unchanged
30 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 23,65023.6k $49.7k $49.7k 0.00% New
31 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 17,86317.9k $37.5k $37.5k 0.00% Added +787 +787
32 VALLEY FORGE INVESTMENT CONSULTANTS INC ADV 0.01% of their portfolio AUDUBON, PA 13,98314.0k $29.4k $29.4k 0.01% Unchanged
33 Fruth Investment Management 0.01% of their portfolio HOUSTON, TX 13,70013.7k $28.0k $28.0k 0.01% Unchanged
34 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 13,51113.5k $28.4k $28.4k 0.00% Reduced -9.1k -9,117
35 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 11,00011.0k $23.1k $23.1k 0.00% New
36 Madison Wealth Partners, Inc 0.00% of their portfolio MADISON, WI 10,00010.0k $21.0k $21.0k 0.00% New
37 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 2,4502.5k $5.0k $5.0k 0.00% New
38 Princeton Global Asset Management LLC 0.00% of their portfolio PRINCETON, NJ 1,9001.9k $4.0k $4.0k 0.00% Unchanged
39 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,8001.8k $3.8k $3.8k 0.00% New
40 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 1,6661.7k $3.5k $3.5k 0.00% Reduced -910 -910
41 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,1621.2k $2.4k $2.4k 0.00% Unchanged
42 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,0291.0k $2.2k $2.2k 0.00% Reduced -1.4k -1,350
43 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0001.0k $2.1k $2.1k 0.00% New
44 THOMPSON INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio MADISON, WI 900900 $1.9k $1.9k 0.00% Unchanged
45 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 700700 $1.4k $1.4k 0.00% Added +193 +193
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 692692 $2.0k $2.0k 0.00% Reduced -1.5k -1,529
47 West Branch Capital LLC 0.00% of their portfolio AMHERST, MA 591591 $1.2k $1.2k 0.00% Unchanged
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 321321 $673 $673 0.00% Unchanged
49 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 300300 $630 $630 0.00% Unchanged
50 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 300300 $630 $630 0.00% Unchanged
51 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 294294 $617 $617 0.00% Reduced -1.7k -1,729
52 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 246246 $517 $517 0.00% Unchanged
53 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 196196 $412 $412 0.00% Unchanged
54 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 100100 $210 $210 0.00% Unchanged
55 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 8080 $168 $168 0.00% Unchanged
56 RMG Wealth Management LLC 0.00% of their portfolio PLATTEVILLE, WI 2424 $52 $52 0.00% First filing
57 FMR LLC 0.00% of their portfolio BOSTON, MA 00 $0 $0 0.00% Unchanged
58 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged