Digimarc Corp (DMRC)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Vanguard Group Inc	1,324,643	$16,981,924	0%
2.	Blackrock, Inc.	1,292,290	$16,567,159	0%
3.	Lagoda Investment Management, L.p.	693,675	$8,892,914	5.67%
4.	Kimelman & Baird, Llc	575,242	$7,374,603	0.63%
5.	Bbr Partners, Llc	556,095	$7,129,138	0.5%