DBRG DigitalBridge Group, Inc.
About DigitalBridge Group, Inc. Company overview from Wikipedia
DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has offices in Los Angeles, New York, Denver, London, and Singapore. As of June 2025, DigitalBridge had US$106 billion of assets under management.
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DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has offices in Los Angeles, New York, Denver, London, and Singapore. As of June 2025, DigitalBridge had US$106 billion of assets under management.
On December 29, 2025, the company announced a definitive agreement to be acquired by SoftBank Group for approximately $4 billion.
History
Early investments
Colony purchased Raffles International on July 18, 2005. This included the 41 hotels and resorts operated under the Raffles Hotel and Swissotel brand names. On January 30, 2006, it acquired Fairmont Hotels and Resorts of Toronto, Ontario with Kingdom Hotels International as a joint partner for US$3.24 billion. On April 10, 2006, it acquired French professional football team Paris Saint-Germain.
On February 25, 2007, it signed a definitive agreement to take Station Casinos private in a 75%/25% split with members of the founding Fertitta family for US$5.5 billion, or US$90/share. The subsequent economic downturn caused Station Casinos to declare bankruptcy in 2009, and when it emerged in 2011 Colony Capital owned a much smaller portion after providing more cash. Founder, chairman, and CEO Thomas Barrack said it "could have been the worst investment ever" in terms of timing.
On November 11, 2008, Michael Jackson transferred the title of his 2,700 acre estate Neverland Ranch to Sycamore Valley Ranch Company LLC, a joint venture between Jackson (represented by attorney, L. Londell McMillan) and an affiliate of Colony Capital. It is still unclear whether Colony Capital has a part in the property. Jackson earned a total of US$35 million when he agreed to the joint venture between himself and Colony Capital.
In March 2010, Colony arranged a financing and marketing package for Annie Leibovitz. The New York celebrity photographer had been in financial difficulty and in danger of losing to her previous lender, ArtCapital, the rights to her photographs and negatives and her three Greenwich Village townhouses. ArtCapital's credit was for $24 million. In December 2010, Colony purchased Miramax from Disney with Qatar Investment Authority, Tutor-Saliba Corporation and The Weinstein Company as part of a joint venture called Filmyard Holdings for $663 million.
In January 2017, Colony NorthStar, Inc. (NYSE: CLNS) was formed through a tri-party merger between Colony Capital, Inc. (NYSE:CLNY), NorthStar Asset Management Group Inc. (NYSE:NSAM) and NorthStar Realty Finance Corp. (NYSE:NRF).
In September 2017, Colony NorthStar agreed to sell its Townsend Group unit to Aon for $475 million.
In October 2017, Colony entered discussions to purchase The Weinstein Company, a movie and TV production studio that sustained damage after its co-founder, Harvey Weinstein, was accused of multiple counts of sexual harassment over three decades. In the wake of the Harvey Weinstein sexual assault scandal, in late October 2017, it was reported that Colony Capital LLC had proved hesitant to purchase Weinstein Co. after a week of exclusive negotiations. Fortress Investment Group was also in talks to provide a loan to Weinstein Co.
In June 2018, The New York Times reported that Colony North Star had raised more than $7 billion in investments since Donald Trump won the 2016 presidential election. 24 percent of the money came from the United Arab Emirates and Saudi Arabia.
Recent investments
On December 20, 2021, DigitalBridge sold the bulk of its Other Equity & Debt of real estate assets to Fortress Investment Group, LLC. The total net value realized from the sale was $506.8 million, including $443.4 million received at closing, $31.2 million of net cash for asset monetizations between the sale and close, and $32.2 million of future payments.
DigitalBridge closed its second flagship fund with $8.3 billion in commitments in early 2022.
In April 2022, DigitalBridge bought out Wafra's stake in its investment management subsidiary for $800 million and switched from REIT to traditional C-Corp. DigitalBridge announced and initiated several acquisitions during 2022 including AMP Capital's global infrastructure equity investment management business for $328 million and Switch, Inc., a Las Vegas-based data center company, for $11 billion. The firm
sold 27 percent of its stake in DataBank to Swiss Life and EDF Invest for $1.2 billion. DigitalBridge said it would own 15.5 percent of DataBank after the sale.
In March 2022, DigitalBridge led a $60 million Series C funding round in Celona, an enterprise IT infrastructure company. In April, DigitalBridge led a $385 million funding round for UK fiber startup Netomnia. That June, DigitalBridge acquired Telenet's 3,300 telecommunication towers in Belgium, valued at 745 million euros.
In August 2022, DigitalBridge and Columbia Capital formed Xenith Infrastructure Group, a fiber platform serving Asia-Pacific markets. In 2023, DigitalBridge purchased 51% of Deutsche Telekom's tower business.
In February 2023, DigitalBridge completed the acquisition of AMP Capital's global infrastructure equity investment management business, which was rebranded as InfraBridge.
In July 2023, Aware Super invested $500m into DigitalBridge owned data center firm Switch Inc.
In September 2023, DigitalBridge completed the recapitalization of Databank, receiving $219 million in additional commitments in the final closing, totaling recapitalization commitments at $2.2 billion.
In November of the same year, DigitalBridge sold 40% of Landmark Dividends to the Abu Dhabi Investment Authority. That month AustralianSuper invested $1.5 billion into Vantage Data Centers EMEA.
Also in November 2023, DigitalBridge closed its digital infrastructure credit fund, DigitalBridge Credit, having raised $1.1 billion.
In December 2023, Surf Internet secured $200 million from DigitalBridge to support continued network expansion across the Great Lakes Region. In January 2024, Intel announced it was forming a new independent company around its artificial intelligence software with the backing of DigitalBridge. Also in January, DigitalBridge purchased a stake in Vantage Data Centers.
On January 3, 2024, DigitalBridge and Intel jointly launched Articul8, a company providing enterprise generative AI solutions. The venture aims to provide advanced AI tools to improve efficiency and innovation in enterprise operations.
On June 13, 2024, Vantage Data Centers completed a $9.2 billion equity investment round led by DigitalBridge and Silver Lake.
On September 30, 2024, Verizon and Vertical Bridge reached a $3.3 billion agreement involving the sale and leaseback of telecom tower assets. This transaction highlights the ongoing consolidation in the digital infrastructure sector.
On October 15, 2024, DataBank, a portfolio company of DigitalBridge, announced a $2.0 billion equity raise. The round was led by a $1.5 billion investment from AustralianSuper.
On October 21, 2024, DigitalBridge launched a tender offer to take JTOWER, a Japanese telecom infrastructure provider, private by acquiring a majority stake. On October 28, 2024, DigitalBridge announced its agreement to acquire Yondr Group, a company focused on hyperscale data center solutions. Terms were undisclosed.
On December 29, 2025, DigitalBridge and SoftBank Group Corp. announced they had entered into a definitive agreement for SoftBank to acquire DigitalBridge in an all-cash transaction valued at approximately $4 billion. Under the terms of the agreement, SoftBank will acquire all outstanding shares of DigitalBridge common stock for $16.00 per share, representing a 15% premium over the company's previous closing price. The acquisition is intended to integrate DigitalBridge's $108 billion digital infrastructure portfolio into SoftBank's broader "Artificial Super Intelligence" (ASI) strategy, providing the physical data center and connectivity capacity required for large-scale AI deployment. Following the close of the transaction, which is expected in the second half of 2026, DigitalBridge will operate as a standalone subsidiary of SoftBank, maintaining its headquarters in Boca Raton, Florida, with Marc Ganzi continuing to serve as chief executive officer.
Leadership
Senior Executives
Marc Ganzi - chief executive officer
Ben Jenkins - President and Chief Investment Officer
Thomas Mayrhofer - Chief Financial Officer
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DBRG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
DBRG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.0100 |
| March 31, 2026 | $0.0100 |
| Dec. 31, 2025 | $0.0100 |
| Sept. 30, 2025 | $0.0100 |
| June 30, 2025 | $0.0100 |
| March 31, 2025 | $0.0100 |
| Dec. 31, 2024 | $0.0100 |
| Sept. 30, 2024 | $0.0100 |
| June 28, 2024 | $0.0100 |
| March 27, 2024 | $0.0100 |
| Dec. 28, 2023 | $0.0100 |
| Sept. 28, 2023 | $0.0100 |
| June 29, 2023 | $0.0100 |
| March 30, 2023 | $0.0100 |
| Dec. 29, 2022 | $0.0100 |
| Sept. 29, 2022 | $0.0100 |
| March 30, 2020 | $0.4400 |
| Dec. 30, 2019 | $0.4400 |
| Sept. 27, 2019 | $0.4400 |
| June 27, 2019 | $0.4400 |
DBRG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 0 0.0%
- Buy 1 7.7%
- Hold 8 61.5%
- Sell 2 15.4%
- Strong Sell 2 15.4%
12-Month Price Target
3 analysts · 2026-08-16Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.09 | $0.15 | -0.06% |
| March 31, 2026 | $0.07 | $0.11 | -0.04% |
| Dec. 31, 2025 | $0.21 | $0.10 | 0.11% |
| Sept. 30, 2025 | $0.09 | $0.09 | 0.00% |
| June 30, 2025 | $-0.10 | $0.10 | -0.20% |
| March 31, 2025 | $0.29 | $0.10 | 0.19% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| DBRG | — | 33.3 | -84.5% | 151.0% | 7.0% | — |
| AB | — | — | — | — | — | — |
| APAM | $3.29B | 10.1 | 7.6% | 24.3% | 70.2% | — |
| FSK | $4.15B | 370.2 | — | — | 0.18% | — |
| AAMI | — | 21.3 | 11.5% | 14.2% | — | — |
| HTGC | — | — | — | — | — | — |
| XXI | — | — | — | — | — | — |
| WT | $1.72B | 16.3 | 15.4% | 22.1% | 25.4% | — |
| GCMG | — | 27.0 | 8.5% | 8.1% | -14449.4% | — |
| TSLX | $2.06B | 12.0 | — | — | 10.6% | — |
| BLK | $165.98B | 30.3 | 18.7% | 22.9% | 10.7% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94M | $607M | $821M | $695M | $388M | $416M | $61M | $1.17B | $2.55B | $839M | $794M | |
| SG&A Expense | $64M | $115M | $87M | $117M | $78M | $79M | $65M | $98M | $106M | $51M | $38M | |
| Operating Expenses | $185M | $497M | $552M | $572M | $424M | $788M | $228M | $1.85B | $3.14B | $735M | $641M | |
| Interest Expense | · | · | · | · | $187M | $121M | $41M | $335M | $536M | $170M | $133M | |
| Interest Income | · | · | · | $30M | $9M | $7M | $3M | $215M | $416M | $386M | $417M | |
| Other Non-op | $74M | $59M | $96M | $-170M | $-20M | $-6M | $-176M | $53M | $-26M | $18M | $-5M | |
| Pretax Income | $-17M | $169M | $366M | $-47M | $-56M | $-638M | $-560M | $-468M | $-221M | $296M | $247M | |
| Income Tax | $6M | $3M | $6.0K | $13M | $-21M | $-47M | $-11M | $-50M | $-100M | $5M | $-9M | |
| Net Income | $142M | $71M | $185M | $-322M | $-310M | $-2.68B | $-1.05B | $-520M | $-198M | $115M | $150M | |
| EPS (Basic) | $0.46 | $0.07 | $0.78 | $-2.47 | $-3.14 | $-23.25 | $-2.41 | $-1.28 | $-0.64 | $0.39 | $0.65 | |
| EPS (Diluted) | $0.46 | $0.07 | $0.77 | $-2.47 | $-3.14 | $-23.25 | $-2.41 | $-1.28 | $-0.64 | $0.39 | $0.65 | |
| Shares (Basic) | 175,456,000 | 168,437,000 | 159,868,000 | 154,495,000 | 122,864,000 | 118,389,000 | 479,588,000 | 496,993,000 | 532,600,000 | 164,570,000 | 162,658,000 | |
| Shares (Diluted) | 175,733,000 | 168,818,000 | 169,720,000 | 154,495,000 | 122,864,000 | 118,389,000 | 479,588,000 | 496,993,000 | 532,600,000 | 164,570,000 | 162,658,000 | |
| EBITDA | $29M | $34M | $486M | $579M | $637M | $578M | $596M | · | · | $10M | · |
Balance Sheet 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $383M | $302M | $345M | $856M | $1.23B | $704M | $1.21B | $462M | $922M | $376M | $186M | |
| PP&E (Net) | $7M | $10M | $7M | $9M | $17M | $21M | · | · | · | · | · | |
| Accum. Depreciation | $10M | $10M | $7M | $10M | $19M | $14M | · | · | · | · | · | |
| Goodwill | $466M | $466M | $466M | $298M | $761M | $761M | $1.45B | $1.51B | $1.51B | $660M | $678M | |
| Intangibles | $48M | $72M | $104M | $86M | $1.19B | $1.34B | $632M | $446M | $853M | $279M | $0 | |
| Total Assets | $3.42B | $3.51B | $3.56B | $11.03B | $14.20B | $20.20B | $19.83B | $22.22B | $24.79B | $9.76B | $375M | |
| Total Liabilities | $969M | $1.02B | $1.05B | $6.46B | $8.93B | $12.91B | $10.90B | $11.06B | $12.40B | $4.14B | $198M | |
| Long-term Debt | $299M | $296M | $372M | $569M | $4.86B | $3.93B | $5.52B | $8.98B | $10.83B | $3.72B | · | |
| Common Stock | · | · | · | · | · | · | · | · | · | $2M | $2M | |
| Paid-in Capital | $8.07B | $8.00B | $7.86B | $7.82B | $7.82B | $7.57B | $7.55B | $7.60B | $7.91B | $2.44B | · | |
| Retained Earnings | $-6.76B | $-6.84B | $-6.84B | $-6.96B | $-6.58B | $-6.20B | $-3.39B | $-2.02B | $-1.17B | $-246M | $-35M | |
| AOCI | $6M | $505.0K | $1M | $-2M | $42M | $122M | $48M | $14M | $47M | $-32M | $0 | |
| Stockholders' Equity | $2.11B | $1.96B | $1.81B | $1.66B | $2.15B | $2.50B | $5.22B | $7.01B | $8.41B | $2.77B | $175M | |
| Liabilities + Equity | $3.42B | $3.51B | $3.56B | $11.03B | $14.20B | $20.20B | $19.83B | $22.22B | $24.79B | $9.76B | $375M | |
| Shares Outstanding | · | · | · | · | · | · | · | · | · | 188,429,725 | 185,685,124 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $29M | $34M | $486M | $579M | $637M | $578M | $596M | $572M | $618M | $10M | $2M | |
| Stock-based Comp | $34M | $35M | $68M | $55M | $59M | $35M | $40M | $42M | $154M | $14M | $14M | |
| Deferred Tax | $-1M | $-3M | $-21.0K | $15M | $-18M | $-51M | $-13M | $57M | $-138M | $-8M | $-12M | |
| Amort. of Intangibles | $26M | $31M | $35M | $22M | $42M | $118M | $11M | $60M | $130M | $59M | $54M | |
| Other Non-cash | $55M | $-76M | $-505M | $-65M | $-40M | $2.12B | $593M | · | · | $61M | · | |
| Operating Cash Flow | $259M | $60M | $234M | $263M | $248M | $90M | $171M | $507M | $583M | $405M | $373M | |
| CapEx | $1M | $4M | $0 | $0 | · | · | · | · | · | · | · | |
| Investing Cash Flow | $-126M | $-11M | $-979M | $-1.91B | $147M | $-1.93B | $4.20B | $-268M | $1.67B | $215M | · | |
| Stock Repurchased | · | $0 | $0 | $55M | $0 | $25M | $11M | $343M | $300M | $0 | $0 | |
| Net Stock Activity | · | $0 | $0 | $-55M | $0 | $-25M | $-11M | $-343M | $-300M | $0 | · | |
| Dividends Paid | $7M | $7M | $6M | $2M | $0 | $107M | $214M | $311M | $482M | $181M | $166M | |
| Financing Cash Flow | $-48M | $-91M | $58M | $924M | $411M | $1.37B | $-3.78B | $-788M | $-1.36B | $-491M | $1.06B | |
| Net Change in Cash | $89M | $-44M | $-686M | $-730M | $803M | $-462M | $592M | $-561M | $896M | $125M | $44M | |
| Taxes Paid | $7M | $6M | $57.0K | $-12M | $-6M | $-39M | $13M | $-14M | $-53M | $7M | · | |
| Free Cash Flow | $258M | $57M | · | · | · | · | · | · | · | · | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 151.0% | 11.6% | 22.6% | -28.1% | -32.1% | -216.4% | -45.1% | -19.5% | -7.1% | 10.6% | · | |
| Pretax Margin | -18.1% | 27.8% | 44.5% | -35.6% | -32.9% | -200.1% | -70.4% | -20.8% | -6.3% | 14.6% | · | |
| EBITDA Margin | 31.3% | 5.5% | 59.1% | 50.6% | 65.9% | 46.8% | 25.6% | · | · | 2.5% | · | |
| ROA | 4.1% | 2.0% | 2.5% | -2.5% | -1.8% | -13.4% | -5.0% | -2.2% | -1.1% | 6.9% | · | |
| ROE | 7.0% | 3.7% | 10.7% | -16.9% | -13.3% | -69.3% | -17.2% | -6.7% | -3.5% | 23.5% | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.7 | · |
Growth Rates 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -84.5% | -26.1% | 18.2% | 79.1% | -6.9% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -48.7% | 16.1% | 25.4% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -25.8% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 557.1% | -90.9% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 101.2% | -61.9% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -41.7% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $94M | $607M | $821M | $695M | $388M | $416M | $61M | $1.17B | $2.55B | $839M | · | |
| Net Income TTM | $142M | $71M | $185M | $-322M | $-310M | $-2.68B | $-1.05B | $-520M | $-198M | $115M | · | |
| Market Cap | · | · | · | · | · | · | · | · | · | $11.25B | · | |
| P/E | 33.3 | 161.1 | 22.8 | -4.4 | -10.6 | -0.8 | -7.9 | -14.6 | -71.3 | 153.0 | · | |
| P/S | · | · | · | · | · | · | · | · | · | 13.4 | · | |
| P/B | · | · | · | · | · | · | · | · | · | 61.1 | · | |
| P / Cash Flow | · | · | · | · | · | · | · | · | · | 66.6 | · | |
| Dividend Yield | · | · | · | · | · | · | · | · | · | 1.6% | · | |
| Earnings Yield | 3.0% | 0.62% | 4.4% | -22.6% | -9.4% | -120.8% | -12.7% | -6.8% | -1.4% | 0.65% | · | |
| Payout Ratio | 5.0% | 9.6% | 3.5% | -0.51% | 0.00% | -4.0% | -20.4% | -59.8% | -243.7% | 179.6% | · | |
| Annual Payout | $7M | $7M | $6M | $2M | $0 | $107M | $214M | $311M | $482M | $181M | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $509M | $72M | $48M | $4M | $-3M | $45M | $66M | $76M | $390M | $74M | $350M | $263M | $190M | $18M | $-385M | $430M | |
| SG&A Expense | $22M | $20M | $22M | $15M | $11M | $16M | $37M | $27M | $27M | $24M | $27M | $18M | $22M | $20M | $33M | $30M | |
| Operating Expenses | $275M | $69M | $74M | $23M | $32M | $55M | $68M | $76M | $269M | $84M | $206M | $159M | $132M | $55M | $-699M | $494M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $53M | |
| Interest Income | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $9M | |
| Other Non-op | $4M | $4M | $59M | $6M | $9M | $-519.0K | $8M | $48M | $9M | $-6M | $-4M | $256M | $-12M | $-145M | $482.0K | $26M | |
| Pretax Income | $238M | $8M | $33M | $-13M | $-27M | $-10M | $6M | $48M | $131M | $-15M | $141M | $360M | $46M | $-181M | $315M | $-39M | |
| Income Tax | $941.0K | $-8.0K | $5M | $-221.0K | $753.0K | $301.0K | $818.0K | $887.0K | $-7.0K | $1M | $-4M | $59.0K | $3M | $1M | $31M | $-8M | |
| Net Income | $227M | $20M | $65M | $31M | $32M | $14M | $-5M | $14M | $91M | $-30M | $115M | $276M | $-9M | $-198M | $-5M | $-49M | |
| EPS (Basic) | $1.15 | $0.03 | $0.28 | $0.09 | $0.10 | $-0.01 | $-0.08 | $-0.01 | $0.44 | $-0.28 | $0.66 | $1.60 | $-0.14 | $-1.35 | $0.00 | $-0.39 | |
| EPS (Diluted) | $1.15 | $0.03 | $0.28 | $0.09 | $0.10 | $-0.01 | $-0.08 | $-0.01 | $0.44 | $-0.28 | $0.74 | $1.51 | $-0.14 | $-1.35 | $0.00 | $-0.39 | |
| Shares (Basic) | 181,131,000 | 179,333,000 | -347,466,000 | 178,183,000 | 173,059,000 | 171,680,000 | -334,506,000 | 171,542,000 | 170,358,000 | 161,043,000 | -317,231,000 | 160,564,000 | 158,089,000 | 158,446,000 | -304,371,000 | 162,398,000 | |
| Shares (Diluted) | 182,086,000 | 180,241,000 | -347,796,000 | 178,506,000 | 173,093,000 | 171,930,000 | -335,833,000 | 171,542,000 | 172,066,000 | 161,043,000 | -317,400,000 | 170,585,000 | 158,089,000 | 158,446,000 | -304,371,000 | 162,398,000 | |
| EBITDA | · | $5M | · | · | · | $7M | · | · | · | $9M | · | · | · | $142M | · | · |
Balance Sheet 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $508M | $411M | $383M | $358M | $341M | $350M | $302M | $294M | $261M | $247M | $345M | $434M | $427M | $669M | $856M | $636M | |
| PP&E (Net) | $7M | $7M | $7M | $8M | $8M | $9M | $10M | $10M | $10M | $11M | · | $8M | $12M | $13M | · | $15M | |
| Accum. Depreciation | $11M | $11M | $10M | $10M | $11M | $11M | $10M | $10M | $9M | $8M | · | $8M | $16M | $15M | · | $24M | |
| Goodwill | $466M | $466M | $466M | $466M | $466M | $466M | $466M | $466M | $466M | $466M | · | $466M | $923M | $908M | $298M | $761M | |
| Intangibles | $39M | $43M | $48M | $54M | $61M | $67M | $72M | $82M | $88M | $95M | · | $698M | $1.05B | $1.10B | · | $1.75B | |
| Total Assets | $3.76B | $3.33B | $3.42B | $3.49B | $3.41B | $3.44B | $3.51B | $3.54B | $3.50B | $3.46B | · | $6.87B | $10.76B | $10.74B | · | $11.74B | |
| Total Liabilities | $1.12B | $915M | $969M | $971M | $958M | $974M | $1.02B | $1.04B | $1.04B | $941M | · | $3.85B | $6.60B | $6.48B | · | $7.04B | |
| Long-term Debt | $292M | $299M | $299M | $328M | $298M | $297M | $296M | $296M | $295M | $367M | · | · | · | · | · | $5.33B | |
| Paid-in Capital | $8.09B | $8.06B | $8.07B | $8.06B | $8.04B | $8.00B | $8.00B | $8.00B | $7.99B | $7.91B | · | $7.84B | $7.85B | $7.82B | · | $7.79B | |
| Retained Earnings | $-6.55B | $-6.76B | $-6.76B | $-6.81B | $-6.82B | $-6.84B | $-6.84B | $-6.82B | $-6.81B | $-6.89B | · | $-6.94B | $-7.20B | $-7.18B | · | $-6.94B | |
| AOCI | $4M | $5M | $6M | $6M | $7M | $3M | $505.0K | $3M | $755.0K | $712.0K | · | $113.0K | $1M | $-1M | · | $-4M | |
| Stockholders' Equity | $2.35B | $2.11B | $2.11B | $2.05B | $2.02B | $1.96B | $1.96B | $1.98B | $1.97B | $1.82B | · | $1.69B | $1.44B | $1.45B | · | $1.65B | |
| Liabilities + Equity | $3.76B | $3.33B | $3.42B | $3.49B | $3.41B | $3.44B | $3.51B | $3.54B | $3.50B | $3.46B | · | $6.87B | $10.76B | $10.74B | · | $11.74B |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $5M | $5M | $7M | $7M | $9M | $7M | $8M | $8M | $8M | $9M | $66M | $128M | $150M | $142M | $147M | $146M | |
| Stock-based Comp | $8M | $7M | $8M | $9M | $11M | $7M | $-71.0K | $9M | $17M | $9M | $10M | $15M | $26M | $17M | $8M | $19M | |
| Amort. of Intangibles | $5M | $5M | $6M | $6M | $7M | $7M | $8M | $8M | $8M | $8M | $9M | $9M | $11M | $6M | $-136M | $49M | |
| Other Non-cash | · | $-72M | · | · | · | $22M | · | · | · | $-15M | · | · | · | $60M | · | · | |
| Operating Cash Flow | $87M | $-40M | $76M | $56M | $77M | $50M | $29M | $36M | $23M | $-27M | $42M | $100M | $72M | $20M | $68M | $127M | |
| CapEx | $3.0K | $146.0K | $59.0K | $363.0K | $622.0K | $306.0K | $283.0K | $0 | $250.0K | $3M | $0 | $0 | $0 | $0 | · | · | |
| Investing Cash Flow | $38M | $101M | $-28M | $-29M | $-86M | $17M | $-4M | $10M | $5M | $-22M | $-211M | $-197M | $-313M | $-259M | $16M | $216M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $47M | · | |
| Dividends Paid | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $0 | |
| Financing Cash Flow | $-28M | $-39M | $-16M | $-8M | $-3M | $-22M | $-13M | $-16M | $-13M | $-48M | $-20M | $54M | $-3M | $27M | $182M | $-19M | |
| Net Change in Cash | $97M | $22M | $32M | $19M | $-9M | $48M | $8M | $33M | $14M | $-98M | $-188M | $-43M | $-243M | $-213M | $266M | $325M | |
| Taxes Paid | $1M | $732.0K | $4M | $1M | $1M | $314.0K | $15M | $-3M | $-5M | $-836.0K | $1M | $-846.0K | $1M | $-1M | $-6M | $-5M | |
| Free Cash Flow | · | $-40M | · | · | · | $50M | · | · | · | $-30M | · | · | · | · | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 44.7% | 27.6% | · | 822.8% | -986.0% | 30.3% | · | 18.1% | 23.4% | -39.8% | · | 58.0% | -2.0% | -79.1% | · | -16.6% | |
| Pretax Margin | 46.9% | 10.4% | · | -338.9% | 828.7% | -22.8% | · | 62.8% | 33.5% | -20.7% | · | 59.0% | -10.7% | -110.8% | · | -34.5% | |
| EBITDA Margin | · | 7.4% | · | · | · | 15.9% | · | · | · | 12.3% | · | · | · | 56.6% | · | · | |
| ROA | 6.3% | 0.59% | · | 0.89% | 0.92% | 0.40% | · | 0.26% | 1.3% | -0.42% | · | 3.0% | -0.08% | -1.8% | · | -0.36% | |
| ROE | 10.4% | 0.98% | · | 1.6% | 1.6% | 0.73% | · | 0.75% | 5.3% | -1.8% | · | 16.5% | -0.56% | -13.9% | · | -2.6% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | · | 0.0 | -0.0 | 0.0 | · | 0.0 | 0.1 | 0.0 | · | 0.1 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $582M | $118M | · | $122M | $509M | $586M | · | $891M | $1.08B | $877M | · | $901M | $1.05B | $1.10B | · | $1.33B | |
| Net Income TTM | $310M | $97M | · | $91M | $151M | $89M | · | $191M | $454M | $353M | · | $21M | $-277M | $-515M | · | $-256M | |
| P/E | 11.5 | 73.4 | · | 68.8 | 19.9 | 63.0 | · | 19.4 | 6.1 | 11.5 | · | -47.5 | -6.9 | -3.1 | · | -5.8 | |
| Earnings Yield | 8.7% | 1.4% | · | 1.5% | 5.0% | 1.6% | · | 5.2% | 16.4% | 8.7% | · | -2.1% | -14.4% | -31.9% | · | -17.1% | |
| Payout Ratio | · | 9.2% | · | · | · | 12.7% | · | · | · | -5.5% | · | · | · | -0.81% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $94M | $607M | $821M | $695M | $388M |
| Net Income | $142M | $71M | $185M | $-322M | $-310M |
| Diluted EPS | $0.46 | $0.07 | $0.77 | $-2.47 | $-3.14 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $258M | $57M | — | — | — |
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Institutional owners (13F) 324 filers · $2.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 33 (-23 vs prior Q) | 39 (-36 vs prior Q) | 87 (-8 vs prior Q) | 97 (+7 vs prior Q) | +13.9M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Pentwater Capital Management LP | $198,828,000 | 12,600,000 | 9.17% | Shares |
| Kryger Capital LLC | $142,057,478 | 9,002,375 | 6.55% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $131,913,888 | 8,359,562 | 6.08% | Shares |
| GOLDMAN SACHS GROUP INC | $127,138,324 | 8,056,928 | 5.86% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $126,396,727 | 8,009,932 | 5.83% | Shares |
| KRYGER CAPITAL Ltd | $75,234,248 | 4,904,449 | 3.47% | Shares |
| STATE STREET CORP | $74,548,947 | 4,721,322 | 3.44% | Shares |
| AQR Arbitrage LLC | $65,282,775 | 4,137,058 | 3.01% | Shares |
| SOROS FUND MANAGEMENT LLC | $64,994,554 | 4,118,793 | 3.00% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $59,875,622 | 3,793,595 | 2.76% | Shares |
| Westchester Capital Management, LLC | $53,284,310 | 3,376,699 | 2.46% | Shares |
| HSBC HOLDINGS PLC | $50,242,499 | 3,178,899 | 2.32% | Shares |
| Magnetar Financial LLC | $46,884,495 | 2,971,134 | 2.16% | Shares |
| TIG Advisors, LLC | $43,635,424 | 2,765,236 | 2.01% | Shares |
| ALLIANCEBERNSTEIN L.P. | $40,020,929 | 2,595,391 | 1.85% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $38,433,847 | 2,435,605 | 1.77% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $36,186,065 | 2,293,160 | 1.67% | Shares |
| Sagefield Capital LP | $35,454,977 | 2,246,830 | 1.64% | Shares |
| Verition Fund Management LLC | $32,432,934 | 2,055,319 | 1.50% | Shares |
| FIL Ltd | $31,580,514 | 2,001,300 | 1.46% | Shares |
| Qube Research & Technologies Ltd | $28,372,945 | 1,798,032 | 1.31% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $27,615,000 | 1,750,000 | 1.27% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $25,611,425 | 1,623,031 | 1.18% | Shares |
| ALPINE ASSOCIATES MANAGEMENT INC. | $24,336,548 | 1,542,240 | 1.12% | Shares |
| Schonfeld Strategic Advisors LLC | $24,046,242 | 1,523,843 | 1.11% | Shares |
| BANK OF AMERICA CORP /DE/ | $22,392,057 | 1,419,015 | 1.03% | Shares |
| WATER ISLAND CAPITAL LLC | $21,719,276 | 1,376,380 | 1.00% | Shares |
| First Trust Capital Management L.P. | $21,183,624 | 1,342,435 | 0.98% | Shares |
| MILLENNIUM MANAGEMENT LLC | $20,366,678 | 1,290,664 | 0.94% | Shares |
| GABELLI FUNDS LLC | $18,926,532 | 1,199,400 | 0.87% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $17,625,313 | 1,116,940 | 0.81% | Shares |
| Woodline Partners LP | $14,927,880 | 946,000 | 0.69% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,888,430 | 943,500 | 0.69% | Call option |
| GARDNER LEWIS ASSET MANAGEMENT L P | $14,582,472 | 924,111 | 0.67% | Shares |
| GABELLI & Co INVESTMENT ADVISERS, INC. | $14,402,090 | 912,680 | 0.66% | Shares |
| MARSHALL WACE, LLP | $13,023,234 | 825,300 | 0.60% | Shares |
| Alberta Investment Management Corp | $12,911,196 | 818,200 | 0.60% | Shares |
| JANUS HENDERSON GROUP PLC | $12,539,039 | 812,377 | 0.58% | Shares |
| BROWN ADVISORY INC | $11,281,061 | 714,896 | 0.52% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $11,191,460 | 709,218 | 0.52% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $10,792,163 | 683,914 | 0.50% | Shares |
| JANE STREET GROUP, LLC | $9,009,765 | 570,961 | 0.42% | Shares |
| Bank of New York Mellon Corp | $8,409,478 | 532,920 | 0.39% | Shares |
| Kapitalo Investimentos Ltda | $8,055,296 | 510,475 | 0.37% | Shares |
| Azora Capital LP | $7,901,362 | 500,720 | 0.36% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $7,599,964 | 481,620 | 0.35% | Shares |
| CIBRA Capital Ltd | $7,310,252 | 474,076 | 0.34% | Shares |
| ABC ARBITRAGE SA | $7,072,249 | 448,178 | 0.33% | Shares |
| TOKIO MARINE ASSET MANAGEMENT CO LTD | $7,067,988 | 447,908 | 0.33% | Shares |
| LPL Financial LLC | $6,436,313 | 407,878 | 0.30% | Shares |
| FMR LLC | $6,401,346 | 405,662 | 0.30% | Shares |
| VAN ECK ASSOCIATES CORP | $6,396,691 | 405,367 | 0.30% | Shares |
| SummitTX Capital, L.P. | $5,991,366 | 379,681 | 0.28% | Shares |
| UBS Group AG | $5,911,188 | 374,600 | 0.27% | Call option |
| Carmignac Gestion | $5,829,369 | 369,415 | 0.27% | Shares |
| Swiss National Bank | $5,630,699 | 356,825 | 0.26% | Shares |
| Nuveen Asset Management, LLC | $5,494,704 | 487,125 | 0.25% | Shares |
| AMERICAN CENTURY COMPANIES INC | $5,223,496 | 331,020 | 0.24% | Shares |
| Kintayl Capital LP | $5,191,478 | 328,991 | 0.24% | Shares |
| TPG GP A, LLC | $5,128,500 | 325,000 | 0.24% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,929,672 | 312,400 | 0.23% | Put option |
| BOOTHBAY FUND MANAGEMENT, LLC | $4,763,808 | 301,889 | 0.22% | Shares |
| Meteora Capital, LLC | $4,548,348 | 288,235 | 0.21% | Shares |
| CSS LLC/IL | $4,309,455 | 273,096 | 0.20% | Shares |
| CSS LLC/IL | $4,306,362 | 272,900 | 0.20% | Put option |
| Man Group plc | $4,112,205 | 260,596 | 0.19% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $4,060,194 | 257,300 | 0.19% | Shares |
| TCTC Holdings, LLC | $3,738,983 | 236,944 | 0.17% | Shares |
| RHUMBLINE ADVISERS | $3,727,064 | 236,190 | 0.17% | Shares |
| Calamos Advisors LLC | $3,670,807 | 232,624 | 0.17% | Shares |
| New York Life Investment Management LLC | $3,606,377 | 228,541 | 0.17% | Shares |
| CITADEL ADVISORS LLC | $3,564,954 | 225,916 | 0.16% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $3,387,478 | 214,669 | 0.16% | Shares |
| BlackRock, Inc. | $3,369,456 | 213,527 | 0.16% | Shares |
| D. E. Shaw & Co., Inc. | $3,315,378 | 210,100 | 0.15% | Call option |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $3,310,660 | 209,801 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3,284,553 | 213,006 | 0.15% | Shares |
| Toroso Investments, LLC | $3,248,337 | 211,756 | 0.15% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $3,156,000 | 200,000 | 0.15% | Shares |
| K2 PRINCIPAL FUND, L.P. | $2,998,200 | 190,000 | 0.14% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $2,967,224 | 188,037 | 0.14% | Shares |
| Polar Asset Management Partners Inc. | $2,965,188 | 187,908 | 0.14% | Shares |
| Defiance ETFs, LLC | $2,947,476 | 186,904 | 0.14% | Shares |
| DEUTSCHE BANK AG\ | $2,890,154 | 183,153 | 0.13% | Shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | $2,747,203 | 174,094 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,602,943 | 164,952 | 0.12% | Shares |
| GAMCO INVESTORS, INC. ET AL | $2,398,639 | 152,005 | 0.11% | Shares |
| VANGUARD GROUP INC | $2,377,194 | 154,967 | 0.11% | Shares |
| Weiss Asset Management LP | $2,367,000 | 150,000 | 0.11% | Shares |
| Walleye Trading LLC | $2,327,550 | 147,500 | 0.11% | Call option |
| NINE MASTS CAPITAL Ltd | $2,321,238 | 147,100 | 0.11% | Shares |
| Quinn Opportunity Partners LLC | $2,285,054 | 144,807 | 0.11% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $2,284,171 | 144,751 | 0.11% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $2,182,472 | 138,057 | 0.10% | Shares |
| ALGERT GLOBAL LLC | $2,141,094 | 135,684 | 0.10% | Shares |
| Foresight Group Ltd Liability Partnership | $1,916,394 | 121,406 | 0.09% | Shares |
| BARCLAYS PLC | $1,656,065 | 104,947 | 0.08% | Shares |
| MOODY NATIONAL BANK TRUST DIVISION | $1,654,659 | 104,858 | 0.08% | Shares |
| MetLife Investment Management, LLC | $1,644,371 | 104,206 | 0.08% | Shares |
| Yakira Capital Management, Inc. | $1,618,397 | 102,560 | 0.07% | Shares |
Company insiders 34 insiders · 15 officers · 22 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Marc C Ganzi | CEO | June 1, 2026 A | 3,137,061 | 0 | 0 | $0 |
| Richard B Saltzman | CEO & President | Aug. 9, 2018 J | 3,184,939 | 0 | 0 | $0 |
| Thomas B Mayrhofer | CFO and Treasurer | June 1, 2026 A | 283,532 | 0 | 0 | $0 |
| Jacky Wu | CFO | March 15, 2023 A | 342,047 | 0 | 0 | $0 |
| Benjamin J. Jenkins | President & CIO | June 1, 2026 A | 271,289 | 0 | 0 | $0 |
| Darren J. Tangen | President | March 16, 2020 A | 1,317,787 | 0 | 0 | $0 |
| Liam Stewart | Chief Operating Officer | June 1, 2026 A | 309,373 | 0 | 0 | $0 |
| Mark M. Hedstrom | Chief Operating Officer | Aug. 17, 2020 P | 722,727 | 0 | 0 | $0 |
| Tracey Teh | Chief Accounting Officer | June 1, 2026 A | 85,503 | 0 | 0 | $0 |
| Geoffrey Goldschein | CLO and Secretary | June 1, 2026 A | 155,001 | 0 | 0 | $0 |
| Sonia Kim | Chief Accounting Officer | March 15, 2023 A | 62,011 | 0 | 0 | $0 |
| Ronald M. Sanders | Exec. VP - CLO & Secretary | March 15, 2023 A | 301,684 | 0 | 0 | $0 |
| Neale Redington | Chief Accounting Officer | Aug. 31, 2020 F | 356,401 | 0 | 0 | $0 |
| Kevin P. Traenkle | Chief Investment Officer | Jan. 6, 2020 F | 925,167 | 0 | 0 | $0 |
| David T Hamamoto | Executive Vice Chairman | Dec. 18, 2017 S | 987,198 | 0 | 0 | $0 |
| James Keith Brown | Director | July 15, 2026 J | — | 0 | 0 | $0 |
| Shaka Rasheed | Director | July 15, 2026 J | — | 0 | 0 | $0 |
| Nancy Ann Curtin | Director | July 15, 2026 J | 22,063 | 0 | 0 | $0 |
| Jeannie Diefenderfer | Director | June 1, 2026 A | 86,074 | 0 | 0 | $0 |
| Dale Anne Reiss | Director | June 1, 2026 A | 92,826 | 0 | 0 | $0 |
| Gregory James Mccray | Director | June 1, 2026 A | 68,751 | 0 | 0 | $0 |
| David Tolley | Director | June 1, 2026 A | 58,997 | 0 | 0 | $0 |
| Jay S Wintrob | Director | June 1, 2026 A | 19,265 | 0 | 0 | $0 |
| Jon A Fosheim | Director | Nov. 5, 2021 A | 23,426 | 0 | 0 | $0 |
| John Steffens | Director | Nov. 5, 2021 A | 96,628 | 0 | 0 | $0 |
| Thomas Barrack JR | Director | July 15, 2021 A | 4,004,609 | 0 | 0 | $0 |
| Braxton J Carter II | Director | May 7, 2021 A | 60,341 | 0 | 0 | $0 |
| Douglass Crocker II | Director | Oct. 15, 2020 A | 40,609 | 0 | 0 | $0 |
| Charles W Schoenherr | Director | May 7, 2020 A | 29,557 | 0 | 0 | $0 |
| John A. Somers | Director | May 7, 2020 A | 45,960 | 0 | 0 | $0 |
| Craig M Hatkoff | Director | May 7, 2020 A | 142,437 | 0 | 0 | $0 |
| George Gc Parker | Director | May 7, 2020 A | 191,947 | 0 | 0 | $0 |
| Raymond C Mikulich | Director | May 7, 2020 A | 0 | 0 | 0 | $0 |
| Justin Metz | Director | Jan. 15, 2020 J | 31,867 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 5 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| DIGITALBRIDGE GROUP, INC., DIGITALBRIDGE OPERATING COMPANY, LLC, CFI RE Holdco, LLC, ColPE Blade Holdco, LLC, ColPE Blade Investor, LLC | July 12, 2024 | — | Initial filing | — | SEC |
| LANDMARK DIVIDEND LLC, DIGITAL LD MANAGEMENT / NON-REIT HOLDINGS, LP, DIGITAL LD GP, LLC, DCP II LD MANAGEMENT / NON-REIT HOLDCO, LP, DIGITAL LD HOLDCO GP, LLC, DIGITAL COLONY II (DE AIV), LP, DIGITAL COLONY II GP, LLC, COLONY DCP II HOLDCO, LLC, DIGITALBRIDGE OPERATING COMPANY, LLC, DIGITALBRIDGE GROUP, INC. ×2 filings | Aug. 25, 2021 | — | Initial filing | — | SEC |
| COLONY CAPITAL, INC., COLONY CAPITAL OPERATING COMPANY, LLC, CFI RE Holdco, LLC, ColPE Blade Holdco, LLC, ColPE Blade Investor, LLC | May 19, 2021 | — | Initial filing | — | SEC |
| COLONY CAPITAL OPERATING COMPANY, LLC, COLONY CAPITAL, INC. ×5 filings | May 17, 2019 | — | Initial filing | — | SEC |
| COLONY NORTHSTAR, INC. ×3 filings | June 12, 2017 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 56 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| EVNT · AltShares Trust | 4.47% | 35,000 NS | May 31, 2026 | N-PORT |
| MARB · First Trust Exchange-Traded Fund III | 2.37% | 38,076 NS | April 30, 2026 | N-PORT |
| MRGR · ProShares Trust | 2.34% | 23,794 NS | May 31, 2026 | N-PORT |
| ARB · AltShares Trust | 2.33% | 153,251 NS | May 31, 2026 | N-PORT |
| MNA · New York Life Investments ETF Trust | 1.43% | 228,248 NS | April 30, 2026 | N-PORT |
| SMCO · Tidal Trust II | 1.39% | 115,221 NS | April 30, 2026 | N-PORT |
| SRVR · Pacer Funds Trust | 0.93% | 235,303 NS | April 30, 2026 | N-PORT |
| PPTY · ETF Series Solutions | 0.45% | 7,155 NS | May 31, 2026 | N-PORT |
| AIPO · Tidal Trust II | 0.31% | 150,549 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.29% | 51,662 SH | Aug. 8, 2026 | Daily |
| PFF · iShares Trust | 0.24% | 2,048,619 SH | Aug. 8, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 73,758 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.18% | 1,674,388 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.18% | 326,370 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.18% | 156,000 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.17% | 294,101 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.13% | 762,319 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.12% | 58,526 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.12% | 6,007 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.10% | 700 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.09% | 57,713 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.09% | 1,029,481 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.09% | 4,555,671 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.08% | 76,770 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.07% | 8,290 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.06% | 2,652,661 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.05% | 795,734 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.05% | 441,505 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.05% | 85,573 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.05% | 8,391 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.04% | 6,523 NS | May 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.03% | 48,544 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.03% | 7,034 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 1,908,208 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.03% | 4,178,519 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.03% | 288,774 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.03% | 11,131 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 6,744 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 166 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.01% | 8,074 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 264,506 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.00% | 42,560 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 1,122 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 5,544 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 26,921 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 219,626 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 97,809 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 42,816 SH | Aug. 8, 2026 | Daily |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 812 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 21,180 NS | May 31, 2026 | N-PORT |