DULUTH HLDGS INC DLTH
COM CL B · Common Stock · CUSIP 26443V101
- SectorConsumer discretionary
- IndustryRetail-Apparel & Accessory Stores
- HeadquartersMount Horeb, 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 ($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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 91 |
| Q4 2022 | 92 |
| Q1 2023 | 95 |
| Q2 2023 | 80 |
| Q3 2023 | 74 |
| Q4 2023 | 78 |
| Q1 2024 | 72 |
| Q2 2024 | 83 |
| Q3 2024 | 67 |
| Q4 2024 | 61 |
| Q1 2025 | 56 |
| Q2 2025 | 58 |
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 2023 | 22 | 37 |
| Q4 2023 | 42 | 26 |
| Q1 2024 | 25 | 39 |
| Q2 2024 | 41 | 41 |
| Q3 2024 | 28 | 38 |
| Q4 2024 | 22 | 33 |
| Q1 2025 | 10 | 32 |
| Q2 2025 | 14 | 23 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $57.9k | $63.9k | 1.10 |
| Q4 2024 | $34.9k | $4.0k | 0.12 |
| Q1 2025 | $13.2k | $24.4k | 1.84 |
| Q2 2025 | $210 | $0 | 0.00 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +50.8k |
| UBS Group AG | Added | +45.5k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | New | +23.6k |
| YARGER WEALTH STRATEGIES, LLC | Added | +18.0k |
| PRUDENTIAL FINANCIAL INC | New | +11.0k |
| Madison Wealth Partners, Inc | New | +10.0k |
| Empowered Funds, LLC | Added | +3.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +3.6k |
| SIMPLEX TRADING, LLC | New | +2.5k |
| IRONWOOD INVESTMENT MANAGEMENT LLC | Added | +1.9k |
Biggest sellers
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -68.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -57.1k |
| CITADEL ADVISORS LLC | Sold out | -56.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -54.2k |
| BlackRock, Inc. | Reduced | -45.8k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -44.8k |
| JANE STREET GROUP, LLC | Sold out | -26.4k |
| Tieton Capital Management, LLC | Reduced | -17.0k |
| Squarepoint Ops LLC | Sold out | -14.3k |
| CITIGROUP INC | Sold out | -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
| 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.
| Holder | Stake |
|---|---|
| SCHLECHT STEPHEN L. 13G · exempt (held before listing) -1.6 pts · filed 2026-02-13 | 28.5% |
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% |
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $47.0k | — |
| Q3 2024 | 1 | $39.6k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 3 | $141.3k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-16 | AGRAWAL HEENA Senior Vice President and CFO | Bought | $24.7k13.0k shares |
| 2025-04-11 | AGRAWAL HEENA Senior Vice President and CFO | Bought | $16.6k9.0k shares |
| 2025-04-03 | Paschke Brett Lee Director | Bought | $90.5k50.0k shares |
| 2025-04-03 | FINCH DAVID COLE Director | Bought | $9.5k5.0k shares |
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
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 800.8k $1.7m | Reduced -44.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 800.0k $1.7m | Unchanged |
| Madison Asset Management, LLC 0.02% of their portfolio | 762.8k $1.6m | Unchanged |
| Tieton Capital Management, LLC 0.57% of their portfolio | 694.6k $1.5m | Reduced -17.0k |
| BlackRock, Inc. 0.00% of their portfolio | 383.7k $805.7k | Reduced -45.8k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 272.6k $572.4k | Added +3.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 176.1k $369.9k | Reduced -68.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 162.5k $341.4k | Reduced -6.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 138.5k $290.8k | Added +50.8k |
| Empowered Funds, LLC 0.00% of their portfolio | 105.1k $220.7k | Added +3.6k |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 96.8k $203.3k | Unchanged |
| Creative Planning 0.00% of their portfolio | 82.0k $172.2k | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 82.0k $172.1k | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 62.1k $130.4k | Reduced -54.2k |
| STATE STREET CORP 0.00% of their portfolio | 60.9k $127.8k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 58.2k $122.2k | Added +45.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 56.9k $119.4k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 55.7k $116.9k | Reduced -57.1k |
| BARCLAYS PLC 0.00% of their portfolio | 43.9k $92.2k | Reduced -2.0k |
| Taylor & Morgan Wealth Management, LLC 0.06% of their portfolio | 39.7k $83.3k | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 39.6k $81.7k | Reduced -2.9k |
| IRONWOOD INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 36.7k $77.2k | Added +1.9k |
| MORGAN STANLEY 0.00% of their portfolio | 33.8k $71.0k | Reduced -360 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 33.4k $70.1k | Reduced -3.3k |
| YARGER WEALTH STRATEGIES, LLC 0.04% of their portfolio | 32.4k $68.1k | Added +18.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 31.4k $65.9k | Reduced -12.1k |
| Guardian Wealth Management, Inc. 0.04% of their portfolio | 31.0k $65.1k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 28.5k $59.9k | Reduced -1.1k |
| BRAVE ASSET MANAGEMENT INC 0.01% of their portfolio | 24.5k $51.5k | Unchanged |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 23.6k $49.7k | New |
| Vident Advisory, LLC 0.00% of their portfolio | 17.9k $37.5k | Added +787 |
| VALLEY FORGE INVESTMENT CONSULTANTS INC ADV 0.01% of their portfolio | 14.0k $29.4k | Unchanged |
| Fruth Investment Management 0.01% of their portfolio | 13.7k $28.0k | Unchanged |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 13.5k $28.4k | Reduced -9.1k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 11.0k $23.1k | New |
| Madison Wealth Partners, Inc 0.00% of their portfolio | 10.0k $21.0k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 2.5k $5.0k | New |
| Princeton Global Asset Management LLC 0.00% of their portfolio | 1.9k $4.0k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 1.8k $3.8k | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 1.7k $3.5k | Reduced -910 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 1.2k $2.4k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.0k $2.2k | Reduced -1.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 1.0k $2.1k | New |
| THOMPSON INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio | 900 $1.9k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 700 $1.4k | Added +193 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 692 $2.0k | Reduced -1.5k |
| West Branch Capital LLC 0.00% of their portfolio | 591 $1.2k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 321 $673 | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 300 $630 | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 300 $630 | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 294 $617 | Reduced -1.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 246 $517 | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 196 $412 | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 100 $210 | Unchanged |
| CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio | 80 $168 | Unchanged |
| RMG Wealth Management LLC 0.00% of their portfolio | 24 $52 | First filing |
| FMR LLC 0.00% of their portfolio | 0 $0 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |