DYNEX CAP INC DX
COM · REIT · CUSIP 26817Q886
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersGlen Allen, VA
- 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 ($586.1k this quarter). Holder counts are more reliable. Shares outstanding: 247.4m as of 2026-07-24, 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 ≈ $13.12. Options: 4 managers hold calls ($10.6m notional), 9 hold puts ($8.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 132 |
| Q4 2022 | 135 |
| Q1 2023 | 134 |
| Q2 2023 | 132 |
| Q3 2023 | 128 |
| Q4 2023 | 123 |
| Q1 2024 | 130 |
| Q2 2024 | 148 |
| Q3 2024 | 165 |
| Q4 2024 | 183 |
| Q1 2025 | 204 |
| Q2 2025 | 202 |
| Q3 2025 | 212 |
| Q4 2025 | 263 |
| Q1 2026 | 268 |
| Q2 2026 | 290 |
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 | 99 | 52 |
| Q4 2024 | 104 | 66 |
| Q1 2025 | 141 | 72 |
| Q2 2025 | 132 | 96 |
| Q3 2025 | 141 | 71 |
| Q4 2025 | 187 | 67 |
| Q1 2026 | 179 | 105 |
| Q2 2026 | 200 | 86 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $5.6m | $6.8m | 1.22 |
| Q4 2025 | $1.2m | $6.3m | 5.36 |
| Q1 2026 | $13.3m | $10.4m | 0.78 |
| Q2 2026 | $10.6m | $8.8m | 0.84 |
Biggest buyers
| MARSHALL WACE, LLP | Added | +6.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +4.3m |
| BlackRock, Inc. | Added | +2.4m |
| AMERIPRISE FINANCIAL INC | Added | +1.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.3m |
| ALGEBRIS (UK) LTD | New | +1.2m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +842.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +824.6k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +632.2k |
Biggest sellers
| Qube Research & Technologies Ltd | Reduced | -1.9m |
| Balyasny Asset Management L.P. | Reduced | -1.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -721.5k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -474.3k |
| Point72 Asset Management, L.P. | Reduced | -439.8k |
| BANK OF AMERICA CORP /DE/ | Reduced | -439.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | Reduced | -351.5k |
| EMG Holdings, L.P. | Sold out | -345.0k |
| Y-Intercept (Hong Kong) Ltd | Sold out | -220.4k |
| DARK FOREST CAPITAL MANAGEMENT LP | Sold out | -219.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.8m515.9k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1m163.9k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $1.2m94.3k shares |
| JANE STREET GROUP, LLC | New | $410.3k31.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.1m238.0k shares |
| Jefferies Financial Group Inc. | Unchanged | $1.3m100.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m87.1k shares |
| PEAK6 LLC | Reduced | $920.3k70.2k shares |
| IMC-Chicago, LLC | Reduced | $840.4k64.1k shares |
| JANE STREET GROUP, LLC | Reduced | $789.2k60.2k shares |
| GROUP ONE TRADING LLC | Added | $472.0k36.0k shares |
| Caption Management, LLC | New | $131.1k10.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $98.3k7.5k 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 |
|---|---|
| BlackRock, Inc. 13G · institution -1.4 pts · filed 2026-04-27 | 7.7% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)
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 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 2 | $102.7k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $24.4k | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 1 | $27.9k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-25 | Connelly Terrence John JR Chief Investment Officer | Bought | $27.9k2.5k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 18.4m $241.7m | Added +2.4m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 9.1m $119.9m | Added +632.2k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 7.0m $92.0m | Added +4.3m |
| MARSHALL WACE, LLP 0.07% of their portfolio | 6.4m $84.1m | Added +6.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 5.6m $73.0m | Added +824.6k |
| STATE STREET CORP 0.00% of their portfolio | 5.1m $67.9m | Added +579.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 3.3m $43.9m | Added +1.4m |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 3.0m $38.9m | Added +1.0m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.3m $30.4m | Added +536.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 2.2m $29.1m | Added +1.3m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.2m $28.2m | Added +622.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 2.1m $28.0m | Added +72.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 2.1m $27.9m | Reduced -474.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.8m $23.7m | Added +410.7k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 1.8m $23.6m | Reduced -1.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.8m $23.5m | Added +147.4k |
| Callodine Capital Management, LP 1.42% of their portfolio | 1.6m $21.5m | Reduced -28.6k |
| SEGALL BRYANT & HAMILL, LLC 0.25% of their portfolio | 1.6m $21.5m | Added +102.9k |
| Invesco Ltd. 0.00% of their portfolio | 1.5m $19.7m | Added +209.7k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 1.5m $19.5m | Reduced -31.2k |
| FMR LLC 0.00% of their portfolio | 1.4m $18.8m | Added +230.1k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.4m $18.7m | Added +145.8k |
| UBS Group AG 0.00% of their portfolio | 1.4m $18.3m | Added +317.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $16.8m | Reduced -35.0k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 1.2m $16.0m | Reduced -1.2m |
| ALGEBRIS (UK) LTD 1.03% of their portfolio | 1.2m $15.6m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 932.4k $12.2m | Added +531.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 842.6k $11.0m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 784.0k $10.3m | Added +94.9k |
| Advisors Asset Management, Inc. 0.14% of their portfolio | 720.0k $9.4m | Added +173.6k |
| CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio | 641.3k $8.4m | Added +584.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 625.0k $8.2m | Added +81.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 619.8k $8.1m | Added +270.4k |
| LPL Financial LLC 0.00% of their portfolio | 530.4k $7.0m | Added +78.1k |
| CITIGROUP INC 0.00% of their portfolio | 521.9k $6.8m | Added +48.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 475.0k $6.2m | New |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 452.2k $6.0m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 447.3k $5.9m | Reduced -439.8k |
| Graham Capital Management, L.P. 0.16% of their portfolio | 443.5k $5.8m | Added +300.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 436.7k $5.7m | Reduced -721.5k |
| Nuveen, LLC 0.00% of their portfolio | 423.4k $5.6m | Added +53.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 416.7k $5.6m | Added +220.6k |
| Swiss National Bank 0.00% of their portfolio | 415.3k $5.4m | Added +124.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 405.0k $5.3m | Added +60.7k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.09% of their portfolio | 348.4k $4.6m | Reduced -351.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 344.4k $4.5m | Reduced -187.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 324.0k $4.2m | Reduced -439.5k |
| WATERFALL ASSET MANAGEMENT, LLC 2.59% of their portfolio | 322.5k $4.2m | Added +27.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 291.8k $3.8m | Added +77.5k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 291.1k $3.8m | Reduced -25.4k |
| Edgestream Partners, L.P. 0.11% of their portfolio | 287.9k $3.8m | Added +81.8k |
| Verition Fund Management LLC 0.03% of their portfolio | 275.2k $3.6m | Added +131.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 257.4k $3.4m | Added +108.7k |
| GSA CAPITAL PARTNERS LLP 0.20% of their portfolio | 246.1k $3.2m | Added +104.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 243.5k $3.2m | Added +52.3k |
| Engineers Gate Manager LP 0.04% of their portfolio | 240.6k $3.2m | Added +26.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 236.9k $3.1m | Added +53.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 227.1k $3.0m | Added +69.2k |
| Catalyst Capital Advisors LLC 0.05% of their portfolio | 222.4k $2.9m | New |
| Summit Financial, LLC 0.03% of their portfolio | 222.3k $2.9m | Added +8.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 219.0k $2.8m | Added +21.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 201.2k $2.6m | Reduced -194.5k |
| GraniteShares Advisors LLC 1.69% of their portfolio | 200.5k $2.6m | Added +26.2k |
| MANNING & NAPIER ADVISORS LLC 0.03% of their portfolio | 200.0k $2.6m | Unchanged |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 188.7k $2.5m | New |
| XTX Topco Ltd 0.03% of their portfolio | 188.6k $2.5m | New |
| NATIXIS 0.01% of their portfolio | 188.3k $2.5m | New |
| Odyssean, LLC 0.39% of their portfolio | 183.3k $2.4m | Added +140.6k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 177.1k $2.3m | Reduced -8.5k |
| Legal & General Group Plc 0.00% of their portfolio | 170.2k $2.2m | Added +44.4k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 165.8k $2.2m | Added +90.5k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 162.2k $2.1m | Added +131.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 151.7k $2.0m | Added +9.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 148.8k $2.0m | Added +43.2k |
| WCG Wealth Advisors LLC 0.04% of their portfolio | 143.8k $1.9m | Added +70.5k |
| Simplify Asset Management Inc. 0.02% of their portfolio | 134.5k $1.8m | Added +52.9k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 127.7k $1.7m | Added +18.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 126.7k $1.7m | Added +10.1k |
| Bramshill Investments, LLC 0.12% of their portfolio | 120.9k $1.6m | Added +1.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 117.1k $1.5m | Added +93.4k |
| Penserra Capital Management LLC 0.01% of their portfolio | 114.3k $1.5m | Added +27.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 109.0k $1.4m | Added +63.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 105.8k $1.4m | Added +20.9k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 98.4k $1.3m | Added +48.9k |
| Cetera Investment Advisers 0.00% of their portfolio | 96.0k $1.3m | Added +10.4k |
| MARINER INVESTMENT GROUP LLC 0.29% of their portfolio | 95.0k $1.2m | Unchanged |
| Farther Finance Advisors, LLC 0.01% of their portfolio | 94.5k $1.2m | Reduced -9.1k |
| Jupiter Topco LLC 0.00% of their portfolio | 93.7k $1.2m | First filing |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 93.6k $1.2m | New |
| SeaCrest Wealth Management, LLC 0.13% of their portfolio | 92.7k $1.2m | Added +18.1k |
| Dynamic Technology Lab Private Ltd 0.26% of their portfolio | 89.9k $1.2m | Added +52.0k |
| Virtu Financial LLC 0.04% of their portfolio | 88.7k $1.2m | Added +69.4k |
| Morling Financial Advisors, LLC 0.32% of their portfolio | 87.2k $1.1m | Added +3.3k |
| MOODY NATIONAL BANK TRUST DIVISION 0.09% of their portfolio | 86.2k $1.1m | Added +9.3k |
| Gotham Asset Management, LLC 0.00% of their portfolio | 85.2k $1.1m | Added +14.0k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 83.9k $1.1m | Added +137 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 79.2k $1.0m | Added +15.2k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 79.0k $1.0m | Added +10.1k |
| Centiva Capital, LP 0.03% of their portfolio | 75.3k $987.4k | New |
| Freestone Grove Partners LP 0.01% of their portfolio | 75.3k $987.1k | New |