New Positions
2 managers initiated
Top five by reported value
DEFSEC Technologies Inc. NCM:DFSCW
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
2 new0 added2 reduced4 exited
Total Institutional Holders
4
as of 2025-12-31
Top Holder
ARMISTICE CAPITAL, LLC
$268.7K
Largest QoQ Increase
ARMISTICE CAPITAL, LLC
+158,036 sh
Largest QoQ Decrease
Warberg Asset Management LLC
-28,950 sh
New Positions(2)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| ARMISTICE CAPITAL, LLC | 158,036 | +158,036 | $268.7K | +$268.7K | — |
| Tower Research Capital LLC (TRC) | 39 | +39 | $66 | +$66 | — |
Reduced(2)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| ADVISOR GROUP HOLDINGS, INC. | 200 | 0 | $340 | -$372 | 0.0% |
| HARBOUR INVESTMENTS, INC. | 100 | 0 | $170 | -$186 | 0.0% |
Sold Out(4)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Warberg Asset Management LLC | 0 | -28,950 | $0 | -$103.1K | — |
| DRW Securities, LLC | 0 | -19,927 | $0 | -$70.9K | — |
| UBS Group AG | 0 | -800 | $0 | -$2.8K | — |
| NATIONAL BANK OF CANADA /FI/ | 0 | -93 | $0 | -$317 | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| ARMISTICE CAPITAL, LLC | 158,036 | $268.7K | +158,036 | — |
| ADVISOR GROUP HOLDINGS, INC. | 200 | $340 | 0 | 0.0% |
| HARBOUR INVESTMENTS, INC. | 100 | $170 | 0 | 0.0% |
| Tower Research Capital LLC (TRC) | 39 | $66 | +39 | — |
New & Closed Positions this quarter
Closed Positions
4 managers exited
Top five by prior-quarter value
- Warberg Asset Management LLC$103.1K
- DRW Securities, LLC$70.9K
- UBS Group AG$2.8K
- NATIONAL BANK OF CANADA /FI/$317
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for DFSCW against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.