Who owns Dermata Therapeutics (DRMA)
Which tracked institutional funds hold DRMA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DRMA 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.
Conviction spread
DRMA’s largest tracked holder by dollar value, ARMISTICE CAPITAL, LLC, 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 conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DRMA 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 14 tracked filers holding DRMA, 8 increased or opened the position and 3 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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
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 |
|---|---|---|---|---|
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 20,203 | $26K | 4.2% | 2026-Q2 |
| Welch & Forbes LLC | 20,000 | $26K | 4.1% | 2026-Q2 |
| STATE STREET CORP new | 18,747 | $24K | 3.9% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 15,989 | $21K | 3.3% | 2026-Q2 |
| XTX Topco Ltd trimmed | 14,787 | $19K | 3.0% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC | 12,000 | $15K | 2.5% | 2026-Q2 |
| Advisory Alpha, LLC new | 10,000 | $13K | 2.1% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 3,860 | $5K | 0.8% | 2026-Q2 |
| MCF Advisors LLC | 1,732 | $2K | 0.4% | 2026-Q2 |
| BARCLAYS PLC trimmed | 270 | $348 | 0.1% | 2026-Q2 |
| SBI Securities Co., Ltd. | 101 | $130 | 0.0% | 2026-Q2 |
| HIGHLINE WEALTH PARTNERS LLC new | 26 | $34 | 0.0% | 2026-Q2 |
| UBS Group AG added | 1,804 | $18 | 0.0% | 2026-Q2 |
| MORGAN STANLEY new | 2 | $3 | 0.0% | 2026-Q2 |
| ARMISTICE CAPITAL, LLC trimmed | 81,654 | $410K | 65.4% | 2025-Q3 stale (3 quarters behind) |
| Clear Street Group Inc. new | 17,000 | $39K | 6.3% | 2025-Q4 stale (2 quarters behind) |
| TWO SIGMA SECURITIES, LLC added | 14,724 | $9K | 1.4% | 2025-Q2 stale (4 quarters behind) |
| BANK OF AMERICA CORP /DE/ added | 3,457 | $8K | 1.3% | 2025-Q4 stale (2 quarters behind) |
| JONES FINANCIAL COMPANIES LLLP new | 12,000 | $7K | 1.2% | 2025-Q2 stale (4 quarters behind) |
| JPMORGAN CHASE & CO new | 696 | $2K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| CITIGROUP INC trimmed | 1 | $1 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Virtu Financial LLC new | 10,856 | — | 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.