Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

DONEGAL GROUP INC (DGICA)

148 + Investors. Track Smart Money conviction in DGICA. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
9Q ▲
Buyers last Q
57%

Smart Money Signals — DGICA

Based on 148 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added DGICA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
148 hedge funds hold DGICA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +17% more funds vs a year ago

fund count last 6Q
+22 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

73 buying55 selling
Last quarter: 73 funds bought or added vs 55 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-15 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 22 → 26 → 29 → 14. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

52% of holders stayed for 2+ years

52% conviction (2yr+) 24% medium 24% new
77 out of 148 hedge funds have held DGICA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~14 new funds/quarter

36 → 22 → 26 → 29 → 14 new funds/Q
New funds entering each quarter: 22 → 26 → 29 → 14. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 61% of holders stayed 2+ years

61% veterans 8% 1-2yr 30% new
Of 148 current holders: 91 (61%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
30 of 148 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in DGICA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: DGICA

How many hedge funds hold DGICA — quarterly history vs. share price
Quarterly hedge fund ownership of DGICA vs. share price

Market Analysis: DGICA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DGICA

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 0 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: DGICA
2026 Q1 Stats Unlock in 20 days 148 + Investors

Track Smart Money conviction in DGICA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 148 146 1.37%
13F Shares 13M 13M 2.54%
Total Value $264M $246M 7.27%
New Positions 14 29 -15
Increased Positions 59 44 +15
Closed Positions 12 24 -12
Reduced Positions 43 48 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DGICA

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

148 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DGICA. Verified SEC 13F-HR filings.

Top 25 institutional holders of DGICA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 OLD REPUBLIC INTERNATIONAL CORP 0.29% 425,500 $7K
2 Pinnacle Wealth Management Advisory Group, LLC 0.03% 23,406 $402K
3 AlphaQuest LLC 0.02% 21,315 $426K
4 PINNACLE ASSOCIATES LTD 0.02% 90,595 $1.6M
5 IAG Wealth Partners, LLC 0.02% 9,892 $170K
6 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% 134,727 $2.3M
7 ProShare Advisors LLC 0.01% 356,309 $6.1M
8 Versant Capital Management, Inc 0.01% 3,210 $55K
9 Sterling Capital Management LLC 0.00% 13,780 $237K
10 IFP Advisors, Inc 0.00% 7,210 $124K
11 SALEM INVESTMENT COUNSELORS INC 0.00% 3,760 $65K
12 QRG CAPITAL MANAGEMENT, INC. 0.00% 12,969 $223K
13 Police & Firemen's Retirement System of New Jersey 0.00% 4,881 $84K
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% 20,080 $347K
15 GAMMA Investing LLC 0.00% 837 $14K
16 Capital Advisors, Ltd. LLC 0.00% 238
17 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 16,043 $276K
18 True Wealth Design, LLC 0.00% 79 $1K
19 Stone House Investment Management, LLC 0.00% 110 $2K
20 KLP KAPITALFORVALTNING AS 0.00% 3,700 $64K
21 State of Alaska, Department of Revenue 0.00% 1,359
22 MassMutual Private Wealth & Trust, FSB 0.00% 474 $8K
23 HSBC HOLDINGS PLC 0.00% 17,707 $305K
24 Fortitude Family Office, LLC 0.00% 27
25 SIGNATUREFD, LLC 0.00% 381 $7K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — DONEGAL GROUP INC (DGICA)

What does the Smart Money Trend signal show for DGICA?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added DGICA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DGICA?

Slight buying edge — 57% buying: Last quarter: 73 funds bought or added vs 55 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DGICA holders?

Elite ownership — 46% AUM from top-100 funds: 30 of 148 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in DGICA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DGICA?

52% of holders stayed for 2+ years: 77 out of 148 hedge funds have held DGICA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.