Who owns DLH Holdings (DLHC)
Which tracked institutional funds hold DLHC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DLHC 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
The tracked-fund tape on DLHC is one-sided between 2026-Q1 and 2026-Q2: 1 added or opened and 4 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
DLHC’s largest tracked holder by dollar value, WYNNEFIELD CAPITAL INC, sizes it at 13.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 13.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DLHC 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 46 tracked filers holding DLHC, 15 increased or opened the position and 18 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 DLHC 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 1
- Merit Financial Group, LLC$1M
Largest trims
- WYNNEFIELD CAPITAL INC$2M
- Mink Brook Asset Management LLC$799K
- Minerva Advisors LLC$617K
- VANGUARD CAPITAL MANAGEMENT LLC$259K
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 |
|---|---|---|---|---|
| WYNNEFIELD CAPITAL INC | 3,681,421 | $19M | 33.8% | 2026-Q2 |
| Mink Brook Asset Management LLC added | 2,816,058 | $15M | 25.9% | 2026-Q2 |
| Minerva Advisors LLC added | 1,116,368 | $6M | 10.3% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 440,136 | $2M | 4.0% | 2026-Q2 |
| Merit Financial Group, LLC new | 252,416 | $1M | 2.3% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 247,505 | $1M | 2.3% | 2026-Q2 |
| RBF Capital, LLC | 220,000 | $1M | 2.0% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 181,873 | $955K | 1.7% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 136,632 | $718K | 1.3% | 2026-Q2 |
| North Star Investment Management Corp. | 135,000 | $709K | 1.2% | 2026-Q2 |
| US BANCORP \DE\ | 114,526 | $601K | 1.1% | 2026-Q2 |
| BlackRock, Inc. added | 85,254 | $448K | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 69,505 | $365K | 0.6% | 2026-Q2 |
| STATE STREET CORP | 59,609 | $313K | 0.5% | 2026-Q2 |
| FIFTH THIRD BANCORP | 50,151 | $263K | 0.5% | 2026-Q2 |
| MORGAN STANLEY trimmed | 36,897 | $194K | 0.3% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 36,084 | $189K | 0.3% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed | 35,291 | $185K | 0.3% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 34,304 | $180K | 0.3% | 2026-Q2 |
| Proficio Capital Partners LLC trimmed | 30,000 | $158K | 0.3% | 2026-Q2 |
| Rothschild Wealth LLC | 29,200 | $153K | 0.3% | 2026-Q2 |
| Anson Funds Management LP new | 20,011 | $105K | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 13,618 | $71K | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp | 11,738 | $62K | 0.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 11,000 | $58K | 0.1% | 2026-Q2 |
| FMR LLC trimmed | 8,802 | $46K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 3,637 | $19K | 0.0% | 2026-Q2 |
| NewEdge Advisors, LLC | 2,855 | $15K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 2,620 | $14K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS | 1,819 | $10K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 1,125 | $6K | 0.0% | 2026-Q2 |
| Russell Investments Group, Ltd. | 1,082 | $6K | 0.0% | 2026-Q2 |
| UBS Group AG trimmed | 735 | $4K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 487 | $3K | 0.0% | 2026-Q2 |
| NISA INVESTMENT ADVISORS, LLC | 224 | $1K | 0.0% | 2026-Q2 |
| Private Wealth Management Group, LLC trimmed | 160 | $840 | 0.0% | 2026-Q2 |
| SIMPLEX TRADING, LLC trimmed | 114 | $598 | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO | 104 | $551 | 0.0% | 2026-Q2 |
| BARCLAYS PLC added | 50 | $263 | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC | 47 | $247 | 0.0% | 2026-Q2 |
| SHP Wealth Management | 25 | $131 | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. | 5 | $26 | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 2 | $11 | 0.0% | 2026-Q2 |
| Essential Partners LLC | 2 | $11 | 0.0% | 2026-Q2 |
| Arax Advisory Partners trimmed | 2 | $10 | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 13 | — | 0.0% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 10,240 | $60K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC trimmed | 177 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Optiver Holding B.V. | 101 | $588 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Advisory Services Network, LLC | 12 | $70 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CITIGROUP INC trimmed | 1 | $6 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC added | 506,902 | $3M | 5.0% | 2025-Q4 stale (2 quarters behind) |
| Perritt Capital Management Inc trimmed | 164,200 | $928K | 1.6% | 2025-Q4 stale (2 quarters behind) |
| Sandia Investment Management LP new | 34,806 | $197K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| MILLENNIUM MANAGEMENT LLC trimmed | 12,986 | $73K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| JANE STREET GROUP, LLC trimmed | 10,351 | $58K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ added | 3,299 | $19K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Torren Management, LLC new | 29 | $164 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| IFP Advisors, Inc | 1 | $6 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Squarepoint Ops LLC added | 14,531 | $82K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Corton Capital Inc. trimmed | 11,877 | $67K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| True Wealth Design, LLC trimmed | 7 | $40 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| EverSource Wealth Advisors, LLC trimmed | 2 | $11 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Ancora Advisors LLC | 42,738 | $250K | 0.4% | 2025-Q2 stale (4 quarters behind) |
| Y-Intercept (Hong Kong) Ltd new | 40,979 | $239K | 0.4% | 2025-Q2 stale (4 quarters behind) |
| HRT FINANCIAL LP new | 19,073 | $111K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Quadrature Capital Ltd new | 15,348 | $89K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Qube Research & Technologies Ltd new | 12,533 | $73K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| AQR CAPITAL MANAGEMENT LLC new | 10,778 | $63K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| BARD ASSOCIATES INC trimmed | 10,262 | $60K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| WELLS FARGO & COMPANY/MN trimmed | 1,582 | $9K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| RAYMOND JAMES FINANCIAL INC new | 36 | $210 | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Allworth Financial LP new | 8 | $47 | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.