Dominari Holdings
DOMH on Nasdaq. Market value $51m.
Should I look at this?
Look carefully before going further
Why it could be worth it
Nothing stands out yet.
What to watch out for
Read the warning sign in its own filings
This is not advice.
Who owns it
None of the long-term investors we follow own it. 30 funds in all.
Largest holders overall
- Vanguard Capital Management$1mAdded
- Creek Drive Management Group$1mCut
- Philadelphia Financial Management of San Francisco$1mNew
- Connective Capital Management$763,720Added
- BlackRock$431,483Added
- Geode Capital Management$416,106Added
- Vanguard Fiduciary Trust$261,688Added
- State Street$157,898
- Cambridge Investment Research Advisors$126,000Added
- Northern Trust$106,280Added
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- Kyle Michael WoolInsider or founderat least 37.9%+0.1 pts(filed with 1 related holder)Since 23 March 2026
What they said
Item 4 of the Schedule 13D is hereby amended and supplemented with the following: The transaction giving rise to the filing of this Amendment No. 8 is Mr. Wool's grant of 3,000,000 shares of the Issuer's Common Stock pursuant to the 2022 Equity Incentive Plan. Except as…
Read the filing - Soo YuInsider or founder37.5%+21.5 ptsSince 16 April 2025
What they said
Item 4 of the Schedule 13D is hereby amended and supplemented with the following: The transaction giving rise to the filing of this Amendment No. 6 is the acceptance of the stock option to purchase 5,000,000 shares of the Issuer's Common Stock by the Reporting Person from the…
Read the filing - Anthony HayesInsider or founder35.3%+1.0 ptsSince 23 March 2026
What they said
Item 4 of the Schedule 13D is hereby amended and supplemented with the following: The transaction giving rise to the filing of this Amendment No. 8 is the Reporting Person grant of 3,000,000 shares of the Issuer's Common Stock pursuant to the 2022 Equity Incentive Plan. Except…
Read the filing - Donald J. Trump Jr.Passive investor5.8%+0.5 ptsSince 18 August 2026
- Eric TrumpPassive investor5.8%+0.5 ptsSince 18 August 2026
- Blue Finn Group LLCPassive investorSold down below 5%Since 28 September 2026
| Holder | Stake | Since | |
|---|---|---|---|
Kyle Michael Wool Insider or founder | at least 37.9%+0.1 pts (filed with 1 related holder) | 23 March 2026 | What they saidItem 4 of the Schedule 13D is hereby amended and supplemented with the following: The transaction giving rise to the filing of this Amendment No. 8 is Mr. Wool's grant of 3,000,000 shares of the Issuer's Common Stock pursuant to the 2022 Equity Incentive Plan. Except as… Read the filing |
Soo Yu Insider or founder | 37.5%+21.5 pts | 16 April 2025 | What they saidItem 4 of the Schedule 13D is hereby amended and supplemented with the following: The transaction giving rise to the filing of this Amendment No. 6 is the acceptance of the stock option to purchase 5,000,000 shares of the Issuer's Common Stock by the Reporting Person from the… Read the filing |
Anthony Hayes Insider or founder | 35.3%+1.0 pts | 23 March 2026 | What they saidItem 4 of the Schedule 13D is hereby amended and supplemented with the following: The transaction giving rise to the filing of this Amendment No. 8 is the Reporting Person grant of 3,000,000 shares of the Issuer's Common Stock pursuant to the 2022 Equity Incentive Plan. Except… Read the filing |
Donald J. Trump Jr. Passive investor | 5.8%+0.5 pts | 18 August 2026 | |
Eric Trump Passive investor | 5.8%+0.5 pts | 18 August 2026 | |
Blue Finn Group LLC Passive investor | Sold down below 5% | 28 September 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $604,140 of shares on the open market. 1 sold $1m.
- Hayes AnthonyCEO, DirectorBought
- Date
- 11 September 2026
- Shares
- 50,000
- Price
- $2.16
- Value
- $108,135
- Wool Kyle MichaelPresident, DirectorBought
- Date
- 11 September 2026
- Shares
- 50,000
- Price
- $2.16
- Value
- $108,135
- Hayes AnthonyCEO, DirectorBought
- Date
- 10 September 2026
- Shares
- 50,000
- Price
- $2.02
- Value
- $101,055
- Wool Kyle MichaelPresident, DirectorBought
- Date
- 10 September 2026
- Shares
- 50,000
- Price
- $2.02
- Value
- $101,055
- Hayes AnthonyCEOBought
- Date
- 8 December 2025
- Shares
- 23,000
- Price
- $3.87
- Value
- $89,010
- Wool Kyle MichaelPresidentBought
- Date
- 8 December 2025
- Shares
- 25,000
- Price
- $3.87
- Value
- $96,750
- Devall Christopher FranklinCOOSold
- Date
- 8 December 2025
- Shares
- 45,000
- Price
- $3.85
- Value
- $173,250
- Devall Christopher FranklinCOOSold
- Date
- 5 December 2025
- Shares
- 140,000
- Price
- $3.82
- Value
- $534,800
- Devall Christopher FranklinCOOSold
- Date
- 4 December 2025
- Shares
- 40,000
- Price
- $4.21
- Value
- $168,400
- Devall Christopher FranklinCOOSold
- Date
- 3 December 2025
- Shares
- 40,000
- Price
- $4.22
- Value
- $168,800
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 11 September 2026 | Hayes Anthony CEO, Director | Bought | 50,000 | $2.16 | $108,135 |
| 11 September 2026 | Wool Kyle Michael President, Director | Bought | 50,000 | $2.16 | $108,135 |
| 10 September 2026 | Hayes Anthony CEO, Director | Bought | 50,000 | $2.02 | $101,055 |
| 10 September 2026 | Wool Kyle Michael President, Director | Bought | 50,000 | $2.02 | $101,055 |
| 8 December 2025 | Hayes Anthony CEO | Bought | 23,000 | $3.87 | $89,010 |
| 8 December 2025 | Wool Kyle Michael President | Bought | 25,000 | $3.87 | $96,750 |
| 8 December 2025 | Devall Christopher Franklin COO | Sold | 45,000 | $3.85 | $173,250 |
| 5 December 2025 | Devall Christopher Franklin COO | Sold | 140,000 | $3.82 | $534,800 |
| 4 December 2025 | Devall Christopher Franklin COO | Sold | 40,000 | $4.21 | $168,400 |
| 3 December 2025 | Devall Christopher Franklin COO | Sold | 40,000 | $4.22 | $168,800 |
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.
1 serious warning sign in Dominari Holdings’ filings.
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 31 Mar 2026, plus the 10-Q filed 11 Aug 2026 and 4 later 8-Ks.
Weak checks on its own accounts
SeriousThe company said its checks on its own accounts did not work at the end of its latest quarter. Mistakes could slip into the numbers.
“As previously reported in the Annual Report on Form 10-K for the year ended December 31, 2025, management identified the following material weaknesses in internal control over financial reporting as of December 31, 2025, which have not been remediated as of June 30, 2026.”
From the 10-Q filed 11 August 2026, Part I, Item 4. Controls and Procedures. Read it in the filing
Changed auditor
Worth knowingThe company changed its auditor (the firm that checks its books) in the last two years.
“On June 24, 2026, Dominari Holdings Inc. (the “Company”), with the approval of the audit committee of the board of directors of the Company (the “Audit Committee”), dismissed CBIZ CPAs P.C. (“CBIZ CPAs”) as the Company’s independent registered public accounting firm.”
From an 8-K filed 26 June 2026: Change of auditor. Read it in the filing
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.