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-Q2 13F filings (latest filed 2026-09-22). 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
21 tracked funds added or opened DBI while 15 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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 40.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 40.2pp 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 2026-Q1 and 2026-Q2, across 132 tracked filers holding DBI, 71 increased or opened the position and 64 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 2026-Q1 and 2026-Q2 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 3
- Divisadero Street Capital Management, LP$7M
- Trexquant Investment LP$2M
- SIERRA SUMMIT ADVISORS LLC$848K
Full exits 3
- Union Square Park Capital Management, LLC$4M
- ACADIAN ASSET MANAGEMENT LLC$1M
- SEGALL BRYANT & HAMILL, LLC$765K
Largest adds
- BlackRock, Inc.$3M
- AMERICAN CENTURY COMPANIES INC$2M
- BRIDGEWAY CAPITAL MANAGEMENT, LLC$1M
- DIMENSIONAL FUND ADVISORS LP$912K
- NORTHERN TRUST CORP$836K
- Allianz Asset Management GmbH$781K
Largest trims
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$3M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$3M
- GOLDMAN SACHS GROUP INC$2M
- TWO SIGMA INVESTMENTS, LP$2M
- RENAISSANCE TECHNOLOGIES LLC$1M
- LOS ANGELES CAPITAL MANAGEMENT LLC$727K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Stone House Capital Management, LLC | 5,500,000 | $32M | 15.4% | 2026-Q2 |
| BlackRock, Inc. added | 3,305,760 | $19M | 9.2% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 2,183,715 | $13M | 6.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 1,794,046 | $10M | 5.0% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 1,567,643 | $9M | 4.4% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 1,567,294 | $9M | 4.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,527,399 | $9M | 4.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 1,527,265 | $9M | 4.3% | 2026-Q2 |
| Divisadero Street Capital Management, LP added | 1,184,045 | $7M | 3.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 1,144,570 | $7M | 3.2% | 2026-Q2 |
| UBS Group AG added | 1,004,337 | $6M | 2.8% | 2026-Q2 |
| Allianz Asset Management GmbH added | 937,162 | $5M | 2.6% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 915,207 | $5M | 2.6% | 2026-Q2 |
| STATE STREET CORP trimmed | 855,068 | $5M | 2.4% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 759,977 | $4M | 2.1% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 664,164 | $4M | 1.9% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 571,363 | $3M | 1.6% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 505,920 | $3M | 1.4% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 504,460 | $3M | 1.4% | 2026-Q2 |
| YARGER WEALTH STRATEGIES, LLC added | 467,569 | $3M | 1.2% | 2026-Q2 |
| NORTHERN TRUST CORP added | 440,924 | $3M | 1.2% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 390,259 | $2M | 1.1% | 2026-Q2 |
| Empowered Funds, LLC added | 377,631 | $2M | 1.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 356,754 | $2M | 1.0% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 334,992 | $2M | 0.9% | 2026-Q2 |
| Bank of New York Mellon Corp added | 333,808 | $2M | 0.9% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 307,346 | $2M | 0.9% | 2026-Q2 |
| Trexquant Investment LP added | 294,419 | $2M | 0.8% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 252,439 | $1M | 0.7% | 2026-Q2 |
| Linden Thomas Advisory Services, LLC added | 247,218 | $1M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 241,508 | $1M | 0.7% | 2026-Q2 |
| Pacific Ridge Capital Partners, LLC added | 180,979 | $1M | 0.5% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 175,576 | $1M | 0.5% | 2026-Q2 |
| Engineers Gate Manager LP added | 174,483 | $1M | 0.5% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 164,333 | $958K | 0.5% | 2026-Q2 |
| PANAGORA ASSET MANAGEMENT INC added | 162,166 | $945K | 0.5% | 2026-Q2 |
| MORGAN STANLEY added | 159,814 | $932K | 0.4% | 2026-Q2 |
| Invesco Ltd. trimmed | 150,060 | $875K | 0.4% | 2026-Q2 |
| SIERRA SUMMIT ADVISORS LLC new | 145,510 | $848K | 0.4% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 125,122 | $729K | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 122,788 | $716K | 0.3% | 2026-Q2 |
| INVESTORS ASSET MANAGEMENT OF GEORGIA INC /GA/ /ADV added | 110,590 | $645K | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 109,293 | $637K | 0.3% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 85,000 | $496K | 0.2% | 2026-Q2 |
| SIMPLEX TRADING, LLC trimmed | 84,633 | $493K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 79,873 | $466K | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 78,864 | $460K | 0.2% | 2026-Q2 |
| Verition Fund Management LLC added | 77,162 | $450K | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 75,035 | $438K | 0.2% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 72,191 | $421K | 0.2% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 71,620 | $418K | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 71,198 | $415K | 0.2% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 64,113 | $374K | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 61,087 | $356K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 56,242 | $328K | 0.2% | 2026-Q2 |
| RITHOLTZ WEALTH MANAGEMENT added | 54,144 | $316K | 0.2% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 52,560 | $306K | 0.1% | 2026-Q2 |
| EJF Capital LP trimmed | 48,500 | $283K | 0.1% | 2026-Q2 |
| BAILARD, INC. trimmed | 48,500 | $283K | 0.1% | 2026-Q2 |
| XTX Topco Ltd trimmed | 46,556 | $271K | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 42,772 | $249K | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 41,720 | $237K | 0.1% | 2026-Q2 |
| Cetera Investment Advisers added | 39,677 | $231K | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 38,833 | $226K | 0.1% | 2026-Q2 |
| FMR LLC trimmed | 38,750 | $226K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 37,863 | $221K | 0.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 37,281 | $217K | 0.1% | 2026-Q2 |
| Oliver Luxxe Assets LLC | 34,700 | $202K | 0.1% | 2026-Q2 |
| Vident Advisory, LLC | 34,224 | $200K | 0.1% | 2026-Q2 |
| State of Wyoming trimmed | 31,768 | $185K | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 26,887 | $157K | 0.1% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC trimmed | 23,455 | $137K | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 21,633 | $126K | 0.1% | 2026-Q2 |
| KEELER & NADLER FINANCIAL PLANNING & WEALTH MANAGEMENT | 19,166 | $112K | 0.1% | 2026-Q2 |
| OCCUDO QUANTITATIVE STRATEGIES LP trimmed | 18,986 | $111K | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 18,857 | $110K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 18,547 | $108K | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 18,476 | $107K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 18,424 | $107K | 0.1% | 2026-Q2 |
| Walleye Trading LLC added | 17,809 | $104K | 0.0% | 2026-Q2 |
| Investors Research Corp | 17,517 | $102K | 0.0% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 16,899 | $99K | 0.0% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 16,023 | $93K | 0.0% | 2026-Q2 |
| TFC Financial Management, Inc. | 15,570 | $91K | 0.0% | 2026-Q2 |
| Man Group plc trimmed | 15,479 | $90K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 14,847 | $90K | 0.0% | 2026-Q2 |
| LPL Financial LLC added | 13,279 | $77K | 0.0% | 2026-Q2 |
| Graham Capital Management, L.P. trimmed | 13,194 | $77K | 0.0% | 2026-Q2 |
| IMC-Chicago, LLC added | 12,758 | $74K | 0.0% | 2026-Q2 |
| PharVision Advisers, LLC trimmed | 11,760 | $69K | 0.0% | 2026-Q2 |
| Insight Wealth Partners, LLC new | 11,625 | $68K | 0.0% | 2026-Q2 |
| OXFORD ASSET MANAGEMENT LLP new | 11,308 | $66K | 0.0% | 2026-Q2 |
| STRS OHIO new | 10,900 | $64K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 9,455 | $55K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 8,611 | $50K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP trimmed | 7,089 | $44K | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 6,575 | $38K | 0.0% | 2026-Q2 |
| BARCLAYS PLC trimmed | 4,651 | $27K | 0.0% | 2026-Q2 |
| Arax Advisory Partners added | 4,528 | $26K | 0.0% | 2026-Q2 |
| Legal & General Group Plc added | 3,685 | $21K | 0.0% | 2026-Q2 |
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.