Digimarc

DMRC • NASDAQ

Digimarc is a information technology services company in the technology sector on NASDAQ, led by Riley McCormack, with a market cap of $189.1M. As of Q3 2025, 59% of shares are held by 90 institutional investors, with Altai Capital Management, L.P. as the largest holder at 12.77%.

President and Chief Executive OfficerRiley McCormack

Market Cap$189.1M

Information Technology Services

Technology

Employees248.0

Websitedigimarc.com

Country

United States of America

Overview

Overview of institutional ownership in DMRC as of Q3 2025 with a market cap of $211.8M

All Institutions

Institutions: 90
Value Held: $125.3M
Shares Held: 12.8M
Avg Position: $1.4M
Median Position: $194.5K

Hedge Funds

Hedge Funds: 12
Value Held: $34.2M
Shares Held: 3.5M
Avg Position: $2.9M
Median Position: $291.9K

Ownership Breakdown

Institutional (non-HF)

42.98%

$91.0M

Hedge Funds

16.16%

$34.2M

Retail & Other

40.86%

$86.6M

Based on market cap of $211.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DMRC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Altai Capital Management, L.P. Hedge Fund•Distressed	Rishi (Nmn) Bajaj Founder	$27.1M 53.31% of portfolio	12.77% 2.8M shares	Q1 2021 Held for 4y 8m	$50.8M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$13.0M 0.00% of portfolio	6.13% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$10.6M 0.00% of portfolio	5.00% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
Lagoda Investment Management, L.P. Long Only Manager	Fatima Katarzyna Dickey Managing Partner	$7.4M 4.21% of portfolio	3.51% 761.3K shares	Q3 2015 Held for 10y 2m	$176.7M
S Silverberg Bernstein Capital Management LLC RIA/Wealth	Irwin Warren Silverberg Managing Partner	$6.8M 4.15% of portfolio	3.20% 693.2K shares	Q4 2023 Held for 1y 11m	$163.4M
Kimelman & Baird, LLC RIA/Wealth	Sapan "Nmn" Vyas Member	$6.2M 0.49% of portfolio	2.93% 635.4K shares	Q2 2024 Held for 1y 5m	$1.3B
BBR PARTNERS, LLC Family Office	Evan Michael Roth Managing Partner	$5.1M 0.29% of portfolio	2.39% 517.3K shares	Q1 2025 Held for 8 months	$1.7B
Private Advisor Group, LLC RIA/Wealth	Franklin R Smith CEO	$4.6M 0.02% of portfolio	2.15% 466.4K shares	Q3 2021 Held for 4y 2m	$20.3B
B BEACONLIGHT CAPITAL, LLC Institution	-	$4.2M 1.93% of portfolio	2.00% 433.1K shares	Q1 2021 Held for 4y 8m	$219.4M
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$4.2M 0.00% of portfolio	1.99% 431.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for DMRC in Q3 2025

Traded: −$9.8M
Buyers: 43
Sellers: 52
Total Bought: +$5.5M
Total Sold: −$15.3M
Avg Position: $1.1M

Biggest Buyers

Institution	Net Bought	Current Position
S Silverberg Bernstein Capital Management LLC RIA/Wealth	+$704.0K +72.1K shares	$6.8M 693.2K shares
D D. E. Shaw & Co., Inc. Institution	+$691.0K +70.7K shares	$2.1M 210.1K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$395.5K +40.5K shares	$637.0K 65.2K shares
MORGAN STANLEY RIA/Wealth	+$382.3K +39.1K shares	$4.2M 431.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$373.5K +38.2K shares	$1.7M 172.3K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$339.9K +34.8K shares	$339.9K 34.8K shares
J JANE STREET GROUP, LLC Institution	+$326.2K +33.4K shares	$761.5K 77.9K shares
VANGUARD GROUP INC Institution	+$295.6K +30.3K shares	$13.0M 1.3M shares
Post Resch Tallon Group Inc. RIA/Wealth	+$252.2K +25.8K shares	$1.5M 152.7K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	+$229.6K +23.5K shares	$376.1K 38.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BAILLIE GIFFORD & CO Institution	−$6.3M −474.2K shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.4M −141.3K shares	$1.2M 120.6K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	−$1.1M −80.3K shares	Sold Off 0 shares
W Woodson Capital Management, LP Hedge Fund•Long/Short	−$879.3K −90.0K shares	$2.4M 250.0K shares
UBS Group AG Institution	−$550.5K −56.3K shares	$1.3M 136.2K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$475.1K −36.0K shares	Sold Off 0 shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	−$435.9K −33.0K shares	Sold Off 0 shares
B BEACONLIGHT CAPITAL, LLC Institution	−$407.4K −41.7K shares	$4.2M 433.1K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	−$391.9K −29.7K shares	Sold Off 0 shares
CWM Advisors, LLC ETF Provider	−$386.4K −29.2K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DMRC in Q3 2025

New Positions: 4
New Value: $249.3K
Exited Positions: 19
Exited Value: $10.1M

New Positions

Institution	Position Value
Voleon Capital Management LP Hedge Fund•Quant	$128.5K 13.2K shares
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager	$120.0K 12.3K shares
SRS Capital Advisors, Inc. RIA/Wealth	$644.0 66.0 shares
A Advisory Services Network, LLC RIA/Wealth	$117.0 12.0 shares

Exited Positions

Institution	Previous Position
B BAILLIE GIFFORD & CO Institution	$6.3M 474.2K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$1.1M 80.3K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$475.1K 36.0K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$435.9K 33.0K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$391.9K 29.7K shares
CWM Advisors, LLC ETF Provider	$386.4K 29.2K shares
E EntryPoint Capital, LLC Hedge Fund•Long/Short	$256.7K 19.4K shares
J Jump Financial, LLC Institution	$162.6K 12.3K shares
Marshall Wace LLP Institution	$162.2K 12.3K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$156.7K 11.9K shares

Options Activity

Institutions with the largest Call and Put options positions in DMRC as of Q3 2025

Call Positions: 2
Call Value: $115.3K
Put Positions: 1
Put Value: $82.1K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$99.7K 102.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$15.6K 16.0 contracts

Put Positions

Institution	Position Value
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$82.1K 84.0 contracts

Most Committed Institutions

Institutions with DMRC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Altai Capital Management, L.P. Hedge Fund•Distressed	Rishi (Nmn) Bajaj Founder	53.31% $27.1M	12.77% 2.8M shares	Q1 2021 Held for 4y 8m	$50.8M
Lagoda Investment Management, L.P. Long Only Manager	Fatima Katarzyna Dickey Managing Partner	4.21% $7.4M	3.51% 761.3K shares	Q3 2015 Held for 10y 2m	$176.7M
S Silverberg Bernstein Capital Management LLC RIA/Wealth	Irwin Warren Silverberg Managing Partner	4.15% $6.8M	3.20% 693.2K shares	Q4 2023 Held for 1y 11m	$163.4M
B BEACONLIGHT CAPITAL, LLC Institution	-	1.93% $4.2M	2.00% 433.1K shares	Q1 2021 Held for 4y 8m	$219.4M
Post Resch Tallon Group Inc. RIA/Wealth	Mitchell Alan Davidson Managing Partner	1.33% $1.5M	0.70% 152.7K shares	Q4 2024 Held for 11 months	$112.5M
Lane Generational LLC RIA/Wealth	Frederick Carpenter Lane CEO	0.89% $1.1M	0.51% 109.5K shares	Q1 2025 Held for 8 months	$120.4M
Kimelman & Baird, LLC RIA/Wealth	Sapan "Nmn" Vyas Member	0.49% $6.2M	2.93% 635.4K shares	Q2 2024 Held for 1y 5m	$1.3B
W Woodson Capital Management, LP Hedge Fund•Long/Short	Jephthah Gerard Dais COO	0.47% $2.4M	1.15% 250.0K shares	Q1 2024 Held for 1y 8m	$519.9M
Turim 21 Investimentos Ltda. RIA/Wealth	Leonardo Martins Moraes CEO	0.35% $962.1K	0.45% 98.5K shares	Q1 2025 Held for 8 months	$273.8M
L Ledgewood Wealth Advisors, LLC RIA/Wealth	Lawrence Edward Sarkozy COO	0.30% $504.5K	0.24% 51.6K shares	Q4 2023 Held for 1y 11m	$167.3M

Hedge Fund Spotlight

Discover hedge funds investing in DMRC

Quest Partners LLC

Hedge Fund • Quant Macro

Portfolio ManagerNigol (Nmn) Koulajian

Portfolio Value: $1.5B
Positions: 2,240
Last Reported: Q3 2025

Sector Allocation

Position in Digimarc

Market Value: $130.7K
Shares Held: 13.4K
Portfolio Weight: 0.01%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 iShares 7-10 Year Treasury Bond IEF	ETF ETF	$39.0M	2.54%
2 SPDR Portfolio Intermediate Term Treasury SPTI	ETF ETF	$6.5M	0.42%
3 SCHR Schwab Intermediately-Term U.S. Treasury SCHR	ETF ETF	$6.5M	0.42%

View full profile

Digimarc

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Digimarc

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