Shareholder Breakdown
| Shareholder | Holders | Value ($MM) | % O/S | Shares |
|---|---|---|---|---|
| Institution | 227 | 511.51 | 87.04 | 27,454,175 |
| Mutual Fund | 171 | 67.27 | 11.78 | 3,702,645 |
| Insider | 23 | 12.57 | 2.14 | 674,886 |
Institutional Shareholder Rotation
| Shareholder | Holders | Value Chg ($MM) | % O/S | Share Change |
|---|---|---|---|---|
| Buyers | 119 | 33.04 | 5.89 | 1,858,742 |
| Sellers | 98 | -31.22 | 5.60 | -1,766,723 |
| Net | 1.82 | 0.29 | 92,019 |
Institutional Shareholder Concentration
| Concentration | Value ($MM) | % O/S | Shares |
|---|---|---|---|
| Total Inst. | 524.08 | 89.18 | 28,129,061 |
| Top 10 Inst. | 394.67 | 66.13 | 20,858,835 |
| Top 20 Inst. | 433.73 | 73.06 | 23,043,775 |
| Top 50 Inst. | 490.43 | 83.26 | 26,261,560 |
Institutional Shareholder Style
| Style | Holders | Value ($MM) | % Inst Shares | Shares |
|---|---|---|---|---|
| Growth | 40 | 33.17 | 5.89 | 1,856,679 |
| Aggressive Growth | 3 | 7.34 | 1.35 | 427,075 |
| Core Growth | 29 | 25.01 | 4.39 | 1,384,188 |
| Growth | 8 | 0.83 | 0.14 | 45,416 |
| Income | 7 | 2.00 | 0.35 | 109,663 |
| Income Value | 3 | 1.11 | 0.20 | 62,177 |
| Yield | 4 | 0.90 | 0.15 | 47,486 |
| Index | 32 | 77.57 | 13.59 | 4,285,390 |
| Other | 61 | 51.47 | 9.39 | 2,961,606 |
| Broker Dealer | 18 | 11.95 | 2.20 | 693,252 |
| GARP | 17 | 7.52 | 1.32 | 416,311 |
| Hedge Fund | 25 | 31.98 | 5.87 | 1,850,684 |
| Specialty | 1 | 0.03 | -- | 1,359 |
| Value | 29 | 57.28 | 9.95 | 3,138,709 |
| Core Value | 19 | 9.97 | 1.83 | 576,040 |
| Deep Value | 10 | 47.31 | 8.12 | 2,562,669 |
Top Holders: Institutional Investor
| Holder | Shares Held | % O/S | Share Change | Filing Date |
|---|---|---|---|---|
| Donegal Mutual Insurance Company | 14,154,691 | 44.88 | 18,000 | 8/6/26 |
| Dimensional Fund Advisors, L.P. | 1,809,165 | 5.74 | 71,899 | 6/30/26 |
| BlackRock Institutional Trust Company, N.A. | 1,621,433 | 5.14 | 240,018 | 6/30/26 |
| Vanguard Capital Management, LLC | 749,155 | 2.38 | 9,233 | 3/31/26 |
| Geode Capital Management, L.L.C. | 555,952 | 1.76 | 21,249 | 3/31/26 |
| Old Republic International Corp. | 425,500 | 1.35 | -- | 6/30/26 |
| State Street Investment Management (US) | 406,603 | 1.29 | 14,035 | 6/30/26 |
| American Century Investment Management, Inc. | 395,979 | 1.26 | 83,759 | 3/31/26 |
| Renaissance Technologies LLC | 392,711 | 1.25 | 21,500 | 3/31/26 |
| Connor, Clark & Lunn Investment Management Ltd. | 347,646 | 1.10 | -15,626 | 3/31/26 |
Source: LSEG
* Insider values reflect direct beneficial ownership.