Who owns DBI
Which tracked institutional funds hold DBI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DBI company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on DBI is one-sided between 2025-Q4 and 2026-Q1: 13 added or opened and 40 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
DBI’s largest tracked holder by dollar value, Stone House Capital Management, LLC, sizes it at 38.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 38.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DBI divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 138 tracked filers holding DBI, 68 increased or opened the position and 66 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in DBI between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 6
- VANGUARD CAPITAL MANAGEMENT LLC$9M
- VANGUARD PORTFOLIO MANAGEMENT LLC$3M
- VANGUARD FIDUCIARY TRUST CO$1M
- SEGALL BRYANT & HAMILL, LLC$765K
- Engineers Gate Manager LP$624K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$571K
Full exits 5
- VANGUARD GROUP INC$15M
- TWO SIGMA ADVISERS, LP$6M
- Walleye Capital LLC$2M
- Trexquant Investment LP$1M
- SG Americas Securities, LLC$828K
Largest adds
- TWO SIGMA INVESTMENTS, LP$1M
- LOS ANGELES CAPITAL MANAGEMENT LLC$1M
- ACADIAN ASSET MANAGEMENT LLC$1M
- STATE OF WISCONSIN INVESTMENT BOARD$860K
- RENAISSANCE TECHNOLOGIES LLC$709K
- TUDOR INVESTMENT CORP ET AL$298K
Largest trims
- Stone House Capital Management, LLC$10M
- BlackRock, Inc.$5M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$4M
- D. E. Shaw & Co., Inc.$3M
- RAYMOND JAMES FINANCIAL INC$3M
- AMERIPRISE FINANCIAL INC$3M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Stone House Capital Management, LLC | 5,500,000 | $31M | 13.1% | 2026-Q1 |
| BlackRock, Inc. added | 2,848,399 | $16M | 6.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 2,109,030 | $12M | 5.0% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,077,609 | $12M | 5.0% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,598,527 | $9M | 3.8% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,570,276 | $9M | 3.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 1,502,836 | $9M | 3.6% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 1,500,228 | $9M | 3.6% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,496,459 | $9M | 3.6% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 1,189,014 | $7M | 2.8% | 2026-Q1 |
| UBS Group AG trimmed | 974,938 | $6M | 2.3% | 2026-Q1 |
| STATE STREET CORP trimmed | 890,663 | $5M | 2.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 854,118 | $5M | 2.0% | 2026-Q1 |
| Allianz Asset Management GmbH added | 823,040 | $5M | 2.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 753,795 | $4M | 1.8% | 2026-Q1 |
| Union Square Park Capital Management, LLC | 500,000 | $4M | 1.6% | 2026-Q1 |
| GROUP ONE TRADING LLC trimmed | 596,163 | $3M | 1.4% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 571,988 | $3M | 1.4% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 552,254 | $3M | 1.3% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 483,436 | $3M | 1.2% | 2026-Q1 |
| YARGER WEALTH STRATEGIES, LLC | 446,690 | $3M | 1.1% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 441,440 | $3M | 1.1% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 394,643 | $2M | 0.9% | 2026-Q1 |
| Empowered Funds, LLC added | 364,810 | $2M | 0.9% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 349,114 | $2M | 0.8% | 2026-Q1 |
| Bank of New York Mellon Corp added | 332,512 | $2M | 0.8% | 2026-Q1 |
| NORTHERN TRUST CORP added | 304,789 | $2M | 0.7% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 296,801 | $2M | 0.7% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 259,941 | $1M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 225,330 | $1M | 0.5% | 2026-Q1 |
| Invesco Ltd. trimmed | 212,548 | $1M | 0.5% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 201,063 | $1M | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 195,039 | $1M | 0.5% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 186,842 | $1M | 0.4% | 2026-Q1 |
| Pacific Ridge Capital Partners, LLC added | 161,496 | $919K | 0.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 149,204 | $849K | 0.4% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 140,583 | $800K | 0.3% | 2026-Q1 |
| Linden Thomas Advisory Services, LLC added | 139,201 | $792K | 0.3% | 2026-Q1 |
| SEGALL BRYANT & HAMILL, LLC trimmed | 134,362 | $765K | 0.3% | 2026-Q1 |
| SIMPLEX TRADING, LLC trimmed | 113,815 | $648K | 0.3% | 2026-Q1 |
| Engineers Gate Manager LP added | 109,722 | $624K | 0.3% | 2026-Q1 |
| INVESTORS ASSET MANAGEMENT OF GEORGIA INC /GA/ /ADV added | 108,714 | $619K | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 102,277 | $582K | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 102,100 | $581K | 0.2% | 2026-Q1 |
| XTX Topco Ltd trimmed | 101,828 | $579K | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 100,313 | $571K | 0.2% | 2026-Q1 |
| EJF Capital LP | 97,000 | $552K | 0.2% | 2026-Q1 |
| State of Wyoming added | 92,785 | $528K | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 71,886 | $409K | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 64,301 | $366K | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 56,887 | $324K | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 53,945 | $307K | 0.1% | 2026-Q1 |
| BAILARD, INC. added | 53,300 | $303K | 0.1% | 2026-Q1 |
| Verition Fund Management LLC trimmed | 53,247 | $303K | 0.1% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 52,102 | $296K | 0.1% | 2026-Q1 |
| OCCUDO QUANTITATIVE STRATEGIES LP added | 39,395 | $295K | 0.1% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 51,198 | $291K | 0.1% | 2026-Q1 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 49,460 | $281K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. | 32,320 | $240K | 0.1% | 2026-Q1 |
| Squarepoint Ops LLC added | 42,079 | $239K | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 40,911 | $233K | 0.1% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 39,944 | $227K | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 39,933 | $227K | 0.1% | 2026-Q1 |
| FMR LLC added | 39,667 | $226K | 0.1% | 2026-Q1 |
| PRELUDE CAPITAL MANAGEMENT, LLC | 37,000 | $211K | 0.1% | 2026-Q1 |
| Cetera Investment Advisers added | 36,386 | $207K | 0.1% | 2026-Q1 |
| Oliver Luxxe Assets LLC | 34,700 | $197K | 0.1% | 2026-Q1 |
| Vident Advisory, LLC new | 34,224 | $195K | 0.1% | 2026-Q1 |
| PANAGORA ASSET MANAGEMENT INC trimmed | 29,895 | $170K | 0.1% | 2026-Q1 |
| Susquehanna Portfolio Strategies, LLC | 29,401 | $167K | 0.1% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC trimmed | 25,907 | $147K | 0.1% | 2026-Q1 |
| Centiva Capital, LP trimmed | 25,419 | $145K | 0.1% | 2026-Q1 |
| Quantinno Capital Management LP added | 24,653 | $140K | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO added | 24,147 | $137K | 0.1% | 2026-Q1 |
| Gryphon Financial Partners LLC | 23,620 | $134K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 2,016,431 | $15M | 6.3% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 784,484 | $6M | 2.4% | 2025-Q4 stale |
| Walleye Capital LLC added | 261,114 | $2M | 0.8% | 2025-Q4 stale |
| Dana Investment Advisors, Inc. trimmed | 664,323 | $2M | 0.7% | 2025-Q2 stale |
| Trexquant Investment LP added | 189,503 | $1M | 0.6% | 2025-Q4 stale |
| CIBC WORLD MARKETS CORP new | 347,571 | $1M | 0.5% | 2025-Q1 stale |
| Fund 1 Investments, LLC trimmed | 335,665 | $1M | 0.5% | 2025-Q1 stale |
| NOMURA HOLDINGS INC trimmed | 431,057 | $1M | 0.4% | 2025-Q2 stale |
| Jump Financial, LLC added | 242,927 | $887K | 0.4% | 2025-Q1 stale |
| SG Americas Securities, LLC added | 111,393 | $828K | 0.3% | 2025-Q4 stale |
| Divisadero Street Capital Management, LP | 231,902 | $821K | 0.3% | 2025-Q3 stale |
| GSA CAPITAL PARTNERS LLP added | 151,780 | $537K | 0.2% | 2025-Q3 stale |
| Fisher Asset Management, LLC added | 140,705 | $514K | 0.2% | 2025-Q1 stale |
| PharVision Advisers, LLC added | 60,091 | $446K | 0.2% | 2025-Q4 stale |
| DARK FOREST CAPITAL MANAGEMENT LP trimmed | 171,230 | $408K | 0.2% | 2025-Q2 stale |
| Cubist Systematic Strategies, LLC trimmed | 104,970 | $372K | 0.2% | 2025-Q3 stale |
| Metis Global Partners, LLC | 48,478 | $360K | 0.2% | 2025-Q4 stale |
| RBF Capital, LLC | 45,195 | $336K | 0.1% | 2025-Q4 stale |
| MILLENNIUM MANAGEMENT LLC trimmed | 45,085 | $335K | 0.1% | 2025-Q4 stale |
| WOLVERINE TRADING, LLC added | 72,900 | $261K | 0.1% | 2025-Q3 stale |
| Graham Capital Management, L.P. trimmed | 34,077 | $253K | 0.1% | 2025-Q4 stale |
| J. Goldman & Co LP trimmed | 100,000 | $238K | 0.1% | 2025-Q2 stale |
| Dynamic Technology Lab Private Ltd trimmed | 65,217 | $238K | 0.1% | 2025-Q1 stale |
| Nebula Research & Development LLC added | 45,550 | $166K | 0.1% | 2025-Q1 stale |
| AXQ CAPITAL, LP added | 18,287 | $136K | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.