Who owns Donegal Group Inc. (DGICB)
Which tracked institutional funds hold DGICB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DGICB company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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
14 tracked funds added or opened DGICB while 35 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
DGICB’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes DGICB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DGICB 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 157 tracked filers holding DGICB, 66 increased or opened the position and 79 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 DGICB 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$14M
- VANGUARD PORTFOLIO MANAGEMENT LLC$3M
- VANGUARD FIDUCIARY TRUST CO$2M
- CITADEL ADVISORS LLC$1M
- FRANKLIN RESOURCES INC$951K
- JANE STREET GROUP, LLC$599K
Full exits 8
- VANGUARD GROUP INC$21M
- LOGAN CAPITAL MANAGEMENT INC$7M
- KENNEDY CAPITAL MANAGEMENT LLC$4M
- Brandywine Global Investment Management, LLC$1M
- Point Nemo Capital, LLC$876K
- TWO SIGMA ADVISERS, LP$823K
Largest adds
- Qube Research & Technologies Ltd$2M
- MILLENNIUM MANAGEMENT LLC$2M
- UBS Group AG$858K
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$837K
- PINNACLE ASSOCIATES LTD$603K
- AMERICAN CENTURY COMPANIES INC$565K
Largest trims
- BlackRock, Inc.$7M
- DIMENSIONAL FUND ADVISORS LP$5M
- GOLDMAN SACHS GROUP INC$2M
- ACADIAN ASSET MANAGEMENT LLC$2M
- TEACHER RETIREMENT SYSTEM OF TEXAS$2M
- Connor, Clark & Lunn Investment Management Ltd.$1M
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 |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 1,906,786 | $33M | 15.7% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 749,155 | $13M | 6.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 555,952 | $10M | 4.6% | 2026-Q1 |
| OLD REPUBLIC INTERNATIONAL CORP | 425,500 | $7M | 3.5% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 395,979 | $7M | 3.3% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 392,711 | $7M | 3.2% | 2026-Q1 |
| STATE STREET CORP added | 392,568 | $7M | 3.2% | 2026-Q1 |
| ProShare Advisors LLC added | 356,309 | $6M | 2.9% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 347,646 | $6M | 2.9% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 276,237 | $5M | 2.3% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 241,690 | $4M | 2.0% | 2026-Q1 |
| PHILADELPHIA TRUST CO trimmed | 235,600 | $4M | 1.9% | 2026-Q1 |
| ROYCE & ASSOCIATES LP added | 197,975 | $3M | 1.6% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 182,620 | $3M | 1.5% | 2026-Q1 |
| CSM Advisors, LLC trimmed | 178,080 | $3M | 1.5% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 177,642 | $3M | 1.5% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 164,868 | $3M | 1.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 169,153 | $3M | 1.4% | 2026-Q1 |
| Bank of New York Mellon Corp added | 166,616 | $3M | 1.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 159,988 | $3M | 1.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 158,377 | $3M | 1.3% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 154,269 | $3M | 1.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 139,520 | $2M | 1.2% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 136,781 | $2M | 1.1% | 2026-Q1 |
| TEACHER RETIREMENT SYSTEM OF TEXAS trimmed | 134,727 | $2M | 1.1% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 129,227 | $2M | 1.1% | 2026-Q1 |
| Creative Planning trimmed | 123,760 | $2M | 1.0% | 2026-Q1 |
| UBS Group AG added | 110,126 | $2M | 0.9% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 106,973 | $2M | 0.9% | 2026-Q1 |
| Empowered Funds, LLC | 90,606 | $2M | 0.7% | 2026-Q1 |
| PINNACLE ASSOCIATES LTD added | 90,595 | $2M | 0.7% | 2026-Q1 |
| CANNELL CAPITAL LLC | 82,939 | $1M | 0.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 73,820 | $1M | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 62,628 | $1M | 0.5% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 55,348 | $951K | 0.5% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 53,424 | $918K | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 52,633 | $904K | 0.4% | 2026-Q1 |
| Quantinno Capital Management LP trimmed | 51,665 | $888K | 0.4% | 2026-Q1 |
| Trexquant Investment LP added | 50,105 | $861K | 0.4% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 48,831 | $837K | 0.4% | 2026-Q1 |
| Campbell & CO Investment Adviser LLC added | 46,116 | $792K | 0.4% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 42,841 | $736K | 0.4% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 42,134 | $724K | 0.3% | 2026-Q1 |
| BARCLAYS PLC trimmed | 41,286 | $709K | 0.3% | 2026-Q1 |
| Invesco Ltd. trimmed | 36,884 | $634K | 0.3% | 2026-Q1 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management added | 36,749 | $631K | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 34,868 | $599K | 0.3% | 2026-Q1 |
| MARTINGALE ASSET MANAGEMENT L P added | 34,125 | $586K | 0.3% | 2026-Q1 |
| Swiss National Bank | 33,500 | $576K | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 26,911 | $462K | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 22,044 | $440K | 0.2% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 25,169 | $432K | 0.2% | 2026-Q1 |
| Pinnacle Wealth Management Advisory Group, LLC added | 23,406 | $402K | 0.2% | 2026-Q1 |
| Nuveen, LLC | 20,503 | $352K | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 20,080 | $347K | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 20,028 | $344K | 0.2% | 2026-Q1 |
| Minerva Advisors LLC | 17,856 | $316K | 0.2% | 2026-Q1 |
| State of Wyoming trimmed | 17,896 | $307K | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 17,707 | $305K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 17,480 | $300K | 0.1% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 16,807 | $289K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 16,043 | $276K | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP added | 15,590 | $267K | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 15,277 | $262K | 0.1% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 15,204 | $261K | 0.1% | 2026-Q1 |
| CALDWELL SUTTER CAPITAL, INC. trimmed | 14,716 | $260K | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 15,065 | $259K | 0.1% | 2026-Q1 |
| LOGAN CAPITAL MANAGEMENT INC | 223,703 | $4M | 2.1% | 2025-Q4 stale |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 203,625 | $4M | 2.0% | 2025-Q4 stale |
| Foundry Partners, LLC trimmed | 190,515 | $4M | 1.8% | 2025-Q1 stale |
| MARSHALL WACE, LLP added | 75,493 | $1M | 0.7% | 2025-Q1 stale |
| Squarepoint Ops LLC added | 71,406 | $1M | 0.7% | 2025-Q1 stale |
| SEGALL BRYANT & HAMILL, LLC trimmed | 61,704 | $1M | 0.6% | 2025-Q3 stale |
| Brandywine Global Investment Management, LLC trimmed | 55,900 | $1M | 0.5% | 2025-Q4 stale |
| NORGES BANK new | 52,600 | $1M | 0.5% | 2025-Q2 stale |
| Point Nemo Capital, LLC new | 43,827 | $876K | 0.4% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC trimmed | 41,277 | $827K | 0.4% | 2025-Q2 stale |
| Inspire Investing, LLC new | 42,012 | $825K | 0.4% | 2025-Q1 stale |
| TWO SIGMA ADVISERS, LP trimmed | 41,200 | $823K | 0.4% | 2025-Q4 stale |
| SIERRA SUMMIT ADVISORS LLC new | 41,188 | $799K | 0.4% | 2025-Q3 stale |
| Engineers Gate Manager LP added | 35,249 | $706K | 0.3% | 2025-Q2 stale |
| PRINCIPAL FINANCIAL GROUP INC added | 34,114 | $682K | 0.3% | 2025-Q4 stale |
| VANGUARD GROUP INC trimmed | 36,699 | $649K | 0.3% | 2025-Q4 stale |
| Informed Momentum Co LLC trimmed | 32,184 | $644K | 0.3% | 2025-Q2 stale |
| GSA CAPITAL PARTNERS LLP added | 30,160 | $604K | 0.3% | 2025-Q2 stale |
| TUDOR INVESTMENT CORP ET AL new | 28,735 | $575K | 0.3% | 2025-Q2 stale |
| STRS OHIO added | 28,300 | $565K | 0.3% | 2025-Q4 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 23,517 | $471K | 0.2% | 2025-Q2 stale |
| D. E. Shaw & Co., Inc. trimmed | 23,126 | $463K | 0.2% | 2025-Q2 stale |
| IEQ CAPITAL, LLC trimmed | 22,895 | $457K | 0.2% | 2025-Q4 stale |
| AlphaQuest LLC added | 21,315 | $426K | 0.2% | 2025-Q4 stale |
| PRUDENTIAL FINANCIAL INC | 19,585 | $380K | 0.2% | 2025-Q3 stale |
| NAVELLIER & ASSOCIATES INC trimmed | 18,498 | $370K | 0.2% | 2025-Q4 stale |
| Susquehanna Portfolio Strategies, LLC | 17,413 | $348K | 0.2% | 2025-Q4 stale |
| OCCUDO QUANTITATIVE STRATEGIES LP new | 17,495 | $340K | 0.2% | 2025-Q1 stale |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM added | 16,716 | $328K | 0.2% | 2025-Q1 stale |
| ExodusPoint Capital Management, LP new | 16,219 | $318K | 0.2% | 2025-Q1 stale |
| Y-Intercept (Hong Kong) Ltd new | 15,635 | $313K | 0.2% | 2025-Q2 stale |
| TrueMark Investments, LLC new | 14,552 | $291K | 0.1% | 2025-Q4 stale |
| Jump Financial, LLC trimmed | 12,854 | $257K | 0.1% | 2025-Q2 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.