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: +$12.8K (7 inflow days, 13 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 66.8% of shares outstanding.
Reported short interest has held roughly steady near 0.02% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Donegal Mutual Insurance Company | Private Company | 2026/Q3 | +250,437 | 51.6% |
| Sanjay Pandey | Individual/Insider | 2026/Q3 | +28,829 | 0.1% |
| BlackRock | Mutual Fund | 2026/Q3 | +262,498 | 5.8% |
| C.S. McKee, L.P. | Mutual Fund | 2026/Q3 | +110,960 | 0.8% |
| D. E. Shaw & Co., L.P. | Hedge Fund | 2026/Q3 | +75,242 | 0.2% |
| American Century Investment Management | Mutual Fund | 2026/Q3 | +73,902 | 1.3% |
| Dimensional Fund Advisors | Mutual Fund | 2026/Q3 | +71,847 | 5.3% |
| The Goldman Sachs Group, Inc. | Public Company | 2026/Q3 | +63,869 | 0.4% |
| Norges Bank Investment Management | Sovereign Wealth Fund | 2026/Q3 | +61,000 | 0.2% |
| Victory Capital Management Inc. | Mutual Fund | 2026/Q3 | +55,863 | 0.2% |
| Citadel Advisors LLC | Hedge Fund | 2026/Q3 | +48,076 | 0.3% |
| Raymond James Financial, Inc. | Public Company | 2026/Q3 | +48,005 | 0.3% |
| Numerai GP LLC | Hedge Fund | 2026/Q3 | +47,915 | 0.1% |
| Morgan Stanley | Public Company | 2026/Q3 | +46,114 | 0.5% |
| Trexquant Investment LP | Hedge Fund | 2026/Q3 | +39,846 | 0.2% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 10 Sep 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +54,725 | $19.25 | 14,387,128 | |
| 10 Sep 2026 | Jeffrey Miller | Chief Financial Officer | Derivative Exercise and Sale | -21,000 | $19.23 | 69,341 |
| 10 Sep 2026 | Kevin Burke | Chairperson & CEO | Derivative Exercise and Sale | -24,000 | $19.23 | 17,212 |
| 9 Sep 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +15,143 | $19.13 | 14,332,403 | |
| 8 Sep 2026 | Donegal Mutual Insurance Company | Private Acquisition | +8,326 | $19.28 | 14,332,403 | |
| 8 Sep 2026 | David Bawel | Vice President of Financial Reporting & Analysis | Derivative Exercise and Sale | -8,326 | $19.28 | 27,751 |
| 7 Sep 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +16,368 | $19.39 | 14,308,934 | |
| 2 Sep 2026 | Barry Huber | Independent Director | Derivative Exercise and Sale | -4,500 | $19.43 | 16,567 |
| 2 Sep 2026 | Vincent Viozzi | Senior VP & Chief Investment Officer | Open Market Disposition | -2,282 | $19.50 | 9,094 |
| 2 Sep 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +19,595 | $19.53 | 14,292,566 | |
| 31 Aug 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +19,257 | $19.18 | 14,272,971 | |
| 27 Aug 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +20,000 | $19.19 | 14,253,714 | |
| 25 Aug 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +19,508 | $19.11 | 14,233,714 | |
| 23 Aug 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +20,000 | $19.06 | 14,214,206 | |
| 19 Aug 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +19,515 | $18.66 | 14,194,206 | |
| 17 Aug 2026 | Donegal Mutual Insurance Company | Open Market Acquisition | +20,000 | $18.60 | 14,174,691 | |
| 13 Aug 2026 | Jeffrey Miller | Chief Financial Officer | Other Acquisition | +417 | $19.45 | 69,341 |
| 13 Aug 2026 | Vincent Viozzi | Senior VP & Chief Investment Officer | Other Acquisition | +32 | $19.45 | 11,376 |
| 13 Aug 2026 | Kevin Burke | Chairperson & CEO | Other Acquisition | +33 | $19.45 | 17,212 |
| 13 Aug 2026 | David Bawel | Vice President of Financial Reporting & Analysis | Other Acquisition | +53 | $19.45 | 27,751 |
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 | 5,649 | 0.0% | 8.1 |
| 31 Aug 2026 | 5,885 | 0.0% | 6.8 |
| 14 Aug 2026 | 6,231 | 0.0% | 1.0 |
| 31 Jul 2026 | 6,747 | 0.0% | 1.0 |
| 15 Jul 2026 | 7,238 | 0.0% | 6.9 |
| 30 Jun 2026 | 8,578 | 0.0% | 1.2 |
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