Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: −$44.9K (4 inflow days, 16 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 90.1% of shares outstanding.
Reported short interest has held roughly steady near 0.08% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| FMR | Mutual Fund | 2026/Q3 | +1,518 | 0.0% |
| Tidal Investments LLC | Mutual Fund | 2026/Q3 | +540 | 0.0% |
| Mirabella Financial Services LLP | Mutual Fund | 2026/Q3 | +1,089,757 | 31.0% |
| Raymond James Financial, Inc. | Public Company | 2026/Q3 | +675 | 0.0% |
| Morgan Stanley | Public Company | 2026/Q3 | +589 | 0.0% |
| Wolverine Asset Management, LLC | Hedge Fund | 2026/Q3 | +47 | 0.0% |
| Crewe Advisors LLC | Mutual Fund | 2026/Q3 | +0 | 0.0% |
| Aureus Asset Management, LLC | Mutual Fund | 2026/Q3 | +0 | 0.0% |
| DNB Asset Management AS | Mutual Fund | 2026/Q3 | +0 | 0.2% |
| Prelude Capital Management, LLC | Hedge Fund | 2026/Q3 | +0 | 0.1% |
| Millstone Evans Group, LLC | Mutual Fund | 2026/Q3 | +0 | 0.0% |
| Geode Capital Management, LLC | Mutual Fund | 2026/Q3 | +0 | 0.0% |
| Lucerne Capital Management, LP | Hedge Fund | 2026/Q3 | +4,497,127 | 22.9% |
| Sonja Harms | Individual/Insider | 2026/Q3 | +0 | 0.0% |
| Joseph Brancato | Individual/Insider | 2026/Q3 | +0 | 0.0% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 27 Sep 2026 | Kurt Lauk | Independent Chairperson | Intent to Sell (Form 144) | -6,187 | $10.81 | – |
| 27 Sep 2026 | Andreas Fabritius | Director | Intent to Sell (Form 144) | -4,125 | $10.81 | – |
| 27 Sep 2026 | Alwin Epple | Independent Director | Intent to Sell (Form 144) | -4,125 | $10.81 | – |
| 26 Jul 2026 | Kurt Lauk | Independent Chairperson | Intent to Sell (Form 144) | -4,425 | $12.00 | – |
| 26 Jul 2026 | Andreas Fabritius | Director | Intent to Sell (Form 144) | -4,425 | $12.00 | – |
| 26 Jul 2026 | Alwin Epple | Independent Director | Intent to Sell (Form 144) | -4,425 | $12.00 | – |
| 17 Mar 2026 | Kurt Lauk | Independent Chairperson | Initial Statement of Beneficial | +0 | – | 22,104 |
| 17 Mar 2026 | Andreas Fabritius | Director | Initial Statement of Beneficial | +0 | – | 17,808 |
| 17 Mar 2026 | Alwin Epple | Independent Director | Initial Statement of Beneficial | +0 | – | 8,591 |
| 17 Mar 2026 | Joseph Brancato | Independent Director | Initial Statement of Beneficial | +0 | – | 8,591 |
| 17 Mar 2026 | Thomas Speidel | Chief Executive Officer | Initial Statement of Beneficial | +0 | – | 800,000 |
| 17 Mar 2026 | Globe CP GmbH | Initial Statement of Beneficial | +0 | – | 10,000 | |
| 17 Mar 2026 | Sebastian Schypulla | Chief Purchase & Logistics Officer | Initial Statement of Beneficial | +0 | – | 27,325 |
| 17 Mar 2026 | Sonja Harms | Director | Initial Statement of Beneficial | +0 | – | 8,591 |
| 17 Mar 2026 | Michael Rudloff | Chief Operating Officer | Initial Statement of Beneficial | +0 | – | 19,511 |
| 31 Jan 2026 | Joseph Brancato | Independent Director | Intent to Sell (Form 144) | -4,425 | $12.78 | – |
| 31 Jan 2026 | Sonja Harms | Director | Intent to Sell (Form 144) | -4,425 | $12.78 | – |
| 14 Dec 2025 | Thomas Speidel | Chief Executive Officer | Intent to Sell (Form 144) | -36,981 | $12.40 | – |
| 14 May 2025 | Michael Rudloff | Chief Operating Officer | Intent to Sell (Form 144) | -4,000 | $13.13 | – |
| 14 Apr 2025 | Thomas Speidel | Chief Executive Officer | Intent to Sell (Form 144) | -3,735 | $12.21 | – |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 61,135 | 0.1% | 5.9 |
| 31 Aug 2026 | 64,980 | 0.1% | 2.8 |
| 14 Aug 2026 | 47,897 | 0.1% | 3.4 |
| 31 Jul 2026 | 47,457 | 0.1% | 2.0 |
| 15 Jul 2026 | 51,816 | 0.1% | 2.8 |
| 30 Jun 2026 | 45,942 | 0.1% | 3.2 |
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