Vault-13

DISTRIBUTION SOLUTIONS GRP I DSGR

COM · Common Stock · CUSIP 520776105

102 institutional holders +6 vs Q3 2025
43,106,01843.1m shares reported held*
93.2% of all shares outstanding*
$1.2bnreported value*
11 new 25 added 40 reduced 7 sold out net bought ≈ $3.4m (+123.9k 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 ($3.5k this quarter). Holder counts are more reliable. Shares outstanding: 46.2m as of 2025-10-24, 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 ≈ $27.39.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 70Q4 22: 65Q1 23: 62Q2 23: 64Q3 23: 67Q4 23: 73Q1 24: 78Q2 24: 77Q3 24: 79Q4 24: 90Q1 25: 90Q2 25: 91Q3 25: 96Q4 25: 102102Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202270
Q4 202265
Q1 202362
Q2 202364
Q3 202367
Q4 202373
Q1 202478
Q2 202477
Q3 202479
Q4 202490
Q1 202590
Q2 202591
Q3 202596
Q4 2025102

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 24: 41 bought or addedQ1 24: 27 cut or sold outQ2 24: 38 bought or addedQ2 24: 36 cut or sold outQ2 24Q3 24: 33 bought or addedQ3 24: 35 cut or sold outQ4 24: 39 bought or addedQ4 24: 33 cut or sold outQ4 24Q1 25: 34 bought or addedQ1 25: 45 cut or sold outQ2 25: 41 bought or addedQ2 25: 44 cut or sold outQ2 25Q3 25: 44 bought or addedQ3 25: 35 cut or sold outQ4 25: 36 bought or addedQ4 25: 47 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244127
Q2 20243836
Q3 20243335
Q4 20243933
Q1 20253445
Q2 20254144
Q3 20254435
Q4 20253647

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ1 25 calls: $5.6kQ1 25 puts: $67.2kQ1 25P/C 12.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$5.6k$67.2k12.00
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

BLAIR WILLIAM & CO/IL New +112,870+112.9k
Nantahala Capital Management, LLC Added +99,661+99.7k
Highlander Partners, L.P. New +85,899+85.9k
GOLDMAN SACHS GROUP INC Added +61,500+61.5k
FIRST TRUST ADVISORS LP Added +39,974+40.0k
INCEPTIONR LLC New +21,086+21.1k
MORGAN STANLEY Added +18,614+18.6k
D. E. Shaw & Co., Inc. Added +14,478+14.5k
UBS Group AG Added +13,388+13.4k
Amundi New +9,140+9.1k

Biggest sellers

Swedbank AB Reduced -50,000-50.0k
SCHWARTZ INVESTMENT COUNSEL INC Reduced -42,892-42.9k
Ancora Advisors LLC Reduced -39,835-39.8k
BRIGHTON JONES LLC Sold out -22,305-22.3k
CIBC Private Wealth Group LLC Sold out -22,136-22.1k
ROYCE & ASSOCIATES LP Reduced -21,046-21.0k
RENAISSANCE TECHNOLOGIES LLC Reduced -19,300-19.3k
CITADEL ADVISORS LLC Sold out -18,062-18.1k
HRT FINANCIAL LP Sold out -16,498-16.5k
JPMORGAN CHASE & CO Reduced -14,834-14.8k

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
KING LUTHER CAPITAL MANAGEMENT CORP 13D · may seek influence no change · filed 2026-09-10 78.7% no change 36.4m≈ $994.4m 2026-09-10

Insider purchases and sales in Q4 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
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 1 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20241$121.0k0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 KING LUTHER CAPITAL MANAGEMENT CORP 4.05% of their portfolio FORT WORTH, TX 36,357,58836.4m $995.8m $995.8m 4.05% Unchanged
2 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 910,556910.6k $24.9m $24.9m 0.01% Reduced -4.5k -4,474
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 645,248645.2k $17.7m $17.7m 0.00% Added +527 +527
4 Swedbank AB 0.02% of their portfolio STOCKHOLM, V7 625,000625.0k $17.1m $17.1m 0.02% Reduced -50.0k -50,000
5 ROYCE & ASSOCIATES LP 0.15% of their portfolio New York, NY 550,186550.2k $15.1m $15.1m 0.15% Reduced -21.0k -21,046
6 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 507,464507.5k $13.9m $13.9m 0.00% Reduced -3.1k -3,078
7 Nantahala Capital Management, LLC 0.54% of their portfolio NEW CANAAN, CT 330,000330.0k $9.0m $9.0m 0.54% Added +99.7k +99,661
8 SCHWARTZ INVESTMENT COUNSEL INC 0.30% of their portfolio PLYMOUTH, MI 312,532312.5k $8.6m $8.6m 0.30% Reduced -42.9k -42,892
9 GAMCO INVESTORS, INC. ET AL 0.07% of their portfolio GREENWICH, CT 255,804255.8k $7.0m $7.0m 0.07% Reduced -1.9k -1,900
10 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 235,510235.5k $6.5m $6.5m 0.00% Reduced -5.3k -5,296
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 223,360223.4k $6.1m $6.1m 0.00% Reduced -8.6k -8,612
12 Catawba River Capital 2.71% of their portfolio LAKE WYLIE, SC 222,455222.5k $6.1m $6.1m 2.71% Reduced -191 -191
13 AGMAN CAPITAL LLC 4.21% of their portfolio OMAHA, NE 180,872180.9k $5.0m $5.0m 4.21% First filing
14 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 155,519155.5k $4.3m $4.3m 0.00% Added +40.0k +39,974
15 Norwood Investment Partners, LP 3.72% of their portfolio MILL VALLEY, CA 120,700120.7k $3.3m $3.3m 3.72% Unchanged
16 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 112,870112.9k $3.1m $3.1m 0.01% New
17 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 110,000110.0k $3.0m $3.0m 0.02% Unchanged
18 MONIMUS CAPITAL MANAGEMENT, LP 1.83% of their portfolio WOODBRIDGE, NJ 101,009101.0k $2.8m $2.8m 1.83% Unchanged
19 Teton Advisors, LLC 1.81% of their portfolio GREENWICH, CT 95,00095.0k $2.6m $2.6m 1.81% Reduced -11.0k -11,000
20 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 87,62887.6k $2.4m $2.4m 0.00% Reduced -2.8k -2,802
21 Highlander Partners, L.P. 0.84% of their portfolio DALLAS, TX 85,89985.9k $2.4m $2.4m 0.84% New
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 78,36578.4k $2.1m $2.1m 0.00% Added +61.5k +61,500
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 77,24777.2k $2.1m $2.1m 0.00% Added +18.6k +18,614
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 66,39866.4k $1.8m $1.8m 0.00% Reduced -45 -45
25 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 50,27950.3k $1.4m $1.4m 0.00% Reduced -7.1k -7,127
26 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 44,70044.7k $1.2m $1.2m 0.00% Reduced -19.3k -19,300
27 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 42,32542.3k $1.2m $1.2m 0.00% Added +14.5k +14,478
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 36,60636.6k $1.0m $1.0m 0.00% Reduced -14.3k -14,257
29 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 33,00933.0k $904.1k $904.1k 0.00% Reduced -850 -850
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 32,12532.1k $879.9k $879.9k 0.00% Added +13.4k +13,388
31 KP Management LLC 0.27% of their portfolio Edina, MN 31,38731.4k $859.7k $859.7k 0.27% Unchanged
32 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 25,76225.8k $705.6k $705.6k 0.00% Reduced -8.8k -8,766
33 Ancora Advisors LLC 0.01% of their portfolio Cleveland, OH 24,86524.9k $681.1k $681.1k 0.01% Reduced -39.8k -39,835
34 INCEPTIONR LLC 0.16% of their portfolio Lafayette, CA 21,08621.1k $577.5k $577.5k 0.16% New
35 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 18,10418.1k $495.9k $495.9k 0.00% Unchanged
36 Swiss National Bank 0.00% of their portfolio ZURICH, V8 18,00418.0k $493.1k $493.1k 0.00% Unchanged
37 Inspire Investing, LLC 0.04% of their portfolio MERIDIAN, ID 16,91716.9k $463.4k $463.4k 0.04% Added +1.5k +1,517
38 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 16,63416.6k $455.6k $455.6k 0.01% Reduced -7.4k -7,437
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 15,32715.3k $419.8k $419.8k 0.00% Added +1.2k +1,201
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,32615.3k $419.8k $419.8k 0.00% Reduced -14.8k -14,834
41 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 14,82214.8k $406.0k $406.0k 0.00% Unchanged
42 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 13,35113.4k $365.7k $365.7k 0.00% Added +127 +127
43 Militia Capital Partners, LP 0.07% of their portfolio AUSTIN, TX 13,00013.0k $356.1k $356.1k 0.07% Reduced -12.2k -12,192
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,83411.8k $324.1k $324.1k 0.00% Added +5.6k +5,551
45 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 11,62711.6k $318.5k $318.5k 0.00% Reduced -3.5k -3,499
46 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 11,52211.5k $315.6k $315.6k 0.00% Added +3.4k +3,373
47 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 11,52111.5k $315.6k $315.6k 0.00% Reduced -2.6k -2,635
48 Eaton Financial Holdings Company, LLC 0.08% of their portfolio Coral Springs, FL 11,19211.2k $306.5k $306.5k 0.08% Unchanged
49 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 11,11411.1k $305.0k $305.0k 0.00% Added +3.4k +3,385
50 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 10,74610.7k $294.3k $294.3k 0.00% Added +4.6k +4,583
51 Douglas Lane & Associates, LLC 0.00% of their portfolio NEW YORK, NY 10,35010.3k $283.5k $283.5k 0.00% Reduced -3.6k -3,650
52 Amundi 0.00% of their portfolio Paris, I0 9,1409.1k $250.3k $250.3k 0.00% New
53 Legal & General Group Plc 0.00% of their portfolio London, X0 8,7608.8k $239.9k $239.9k 0.00% Reduced -34 -34
54 R Squared Ltd 0.11% of their portfolio HONG KONG, K3 8,6748.7k $237.6k $237.6k 0.11% New
55 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 8,6488.6k $236.9k $236.9k 0.00% Reduced -12 -12
56 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,5538.6k $234.3k $234.3k 0.00% Reduced -68 -68
57 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 5,7135.7k $156.5k $156.5k 0.00% Unchanged
58 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 4,5704.6k $125.2k $125.2k 0.00% Reduced -36 -36
59 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 4,4844.5k $122.8k $122.8k 0.00% Unchanged
60 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,4293.4k $93.9k $93.9k 0.00% Added +1.2k +1,241
61 AlphaQuest LLC 0.00% of their portfolio New York, NY 3,0233.0k $82.8k $82.8k 0.00% Reduced -1.4k -1,432
62 State of Alaska, Department of Revenue 0.00% of their portfolio JUNEAU, AK 2,8582.9k $78.0k $78.0k 0.00% Added +169 +169
63 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 2,6542.7k $72.7k $72.7k 0.00% Unchanged
64 Covestor Ltd 0.03% of their portfolio LONDON, X0 2,4222.4k $66.0k $66.0k 0.03% Added +190 +190
65 KLP KAPITALFORVALTNING AS 0.00% of their portfolio OSLO, Q8 1,9882.0k $54.5k $54.5k 0.00% Unchanged
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,9732.0k $54.0k $54.0k 0.00% Reduced -1.1k -1,088
67 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,3281.3k $36.4k $36.4k 0.00% Added +265 +265
68 Pingora Partners LLC 0.02% of their portfolio WILSON, WY 1,0001.0k $27.4k $27.4k 0.02% Added +200 +200
69 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 977977 $26.8k $26.8k 0.00% Unchanged
70 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 894894 $24.5k $24.5k 0.00% Unchanged
71 Pinnacle Wealth Planning Services, Inc. 0.00% of their portfolio MANSFIELD, OH 873873 $23.9k $23.9k 0.00% New
72 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 418418 $11.4k $11.4k 0.00% Unchanged
73 FMR LLC 0.00% of their portfolio BOSTON, MA 410410 $11.2k $11.2k 0.00% Reduced -12 -12
74 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 386386 $10.6k $10.6k 0.00% Reduced -30 -30
75 CWM, LLC 0.00% of their portfolio OMAHA, NE 377377 $10.0k $10.0k 0.00% Added +61 +61
76 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 308308 $8.0k $8.0k 0.00% Reduced -23 -23
77 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 293293 $8.0k $8.0k 0.00% New
78 Quarry LP 0.00% of their portfolio NEW YORK, NY 270270 $7.4k $7.4k 0.00% Reduced -1.1k -1,137
79 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 154154 $4.2k $4.2k 0.00% Unchanged
80 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 122122 $3.3k $3.3k 0.00% Added +37 +37
81 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 101101 $2.8k $2.8k 0.00% Reduced -232 -232
82 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 8181 $2.2k $2.2k 0.00% Added +8 +8
83 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 7272 $2.0k $2.0k 0.00% Unchanged
84 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 6060 $2.0k $2.0k 0.00% Unchanged
85 Aster Capital Management (DIFC) Ltd 0.00% of their portfolio DUBAI, C0 5959 $1.6k $1.6k 0.00% New
86 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 5858 $1.6k $1.6k 0.00% Reduced -65 -65
87 MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio Windsor, CT 4545 $1.2k $1.2k 0.00% Unchanged
88 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3535 $959 $959 0.00% Added +4 +4
89 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3131 $841 $841 0.00% Reduced -124 -124
90 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2222 $603 $603 0.00% Added +2 +2
91 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2020 $548 $548 0.00% Unchanged
92 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1818 $493 $493 0.00% New
93 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 1818 $493 $493 0.00% New
94 Parkside Financial Bank & Trust 0.00% of their portfolio SAINT LOUIS, MO 1515 $411 $411 0.00% Unchanged
95 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1414 $383 $383 0.00% Added +13 +13
96 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 1414 $383 $383 0.00% Reduced -18 -18
97 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1111 $301 $301 0.00% Unchanged
98 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 88 $226 $226 0.00% Unchanged
99 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 66 $164 $164 0.00% Reduced -9 -9
100 Torren Management, LLC 0.00% of their portfolio SAN DIEGO, CA 66 $164 $164 0.00% First filing