Duluth Holdings
DLTH on Nasdaq. Market value $30m.
Should I look at this?
We have not checked this company yet
This is not advice.
Who owns it
None of the long-term investors we follow own it. 61 funds in all.
Largest holders overall
- Madison Asset Management$3m
- Tieton Capital Management$3mCut
- Vanguard Capital Management$3m
- Dimensional Fund Advisors LP$3mCut
- BlackRock$2mCut
- SEI Investments$1mCut
- Connor, Clark & Lunn Investment Management$1mAdded
- Informed Momentum$1mNew
- Acadian Asset Management$945,000Added
- Bridgeway Capital Management$762,850Added
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- SCHLECHT STEPHEN L.Passive investor28.5%−1.6 ptsSince 31 December 2025
- PUGLIESE STEPHANIE L.Insider or founder6.8%−0.5 ptsSince 5 May 2026
What they said
In accordance with the terms of the Agreement, 387,097 shares of Common Stock vested on May 5, 2026. Ms. Pugliese elected to have the Issuer withhold 181,935 of such shares to satisfy tax withholding obligations.
Read the filing - ASKELADDEN CAPITAL MANAGEMENT LLCPassive investorat least 4.9%0.0 pts(filed with 1 related holder)Since 9 August 2024
| Holder | Stake | Since | |
|---|---|---|---|
SCHLECHT STEPHEN L. Passive investor | 28.5%−1.6 pts | 31 December 2025 | |
PUGLIESE STEPHANIE L. Insider or founder | 6.8%−0.5 pts | 5 May 2026 | What they saidIn accordance with the terms of the Agreement, 387,097 shares of Common Stock vested on May 5, 2026. Ms. Pugliese elected to have the Issuer withhold 181,935 of such shares to satisfy tax withholding obligations. Read the filing |
ASKELADDEN CAPITAL MANAGEMENT LLC Passive investor | at least 4.9%0.0 pts (filed with 1 related holder) | 9 August 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $62,487 of shares on the open market.
- Schlecht Richard WSVP, Product Dev. & SourcingBought
- Date
- 24 December 2025
- Shares
- 10,502
- Price
- $2.22
- Value
- $23,314
- Schlecht Richard WSVP, Product Dev. & SourcingBought
- Date
- 23 December 2025
- Shares
- 18,052
- Price
- $2.17
- Value
- $39,173
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 24 December 2025 | Schlecht Richard W SVP, Product Dev. & Sourcing | Bought | 10,502 | $2.22 | $23,314 |
| 23 December 2025 | Schlecht Richard W SVP, Product Dev. & Sourcing | Bought | 18,052 | $2.17 | $39,173 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 20 Mar 2026, plus the 10-Q filed 4 Sep 2026 and 4 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.