Douglas Dynamics Inc (PLOW) 13F Ownership Report (Q2 2026)

PLOW ranks #2487 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

PLOW is a top-conviction position for Ararat Capital Management LP — at 7.1% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in PLOW belongs to BlackRock, Inc., but the position matters far more to Ararat Capital Management LP, who has 7.1% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

BlackRock has added to its PLOW position for two straight quarters, increasing it by $50.6M to reach $109.0M today.

Sovereign's Capital Management, LLC has trimmed its PLOW position for two straight quarters, cutting it by $3.1M while still holding $1.1M.

PLOW is up 2.3% today, and institutions have been net buyers of $98.4M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

PLOW posted net income of $52.6M over the trailing twelve months.

• Profitable — net income of $52.6M over the trailing twelve months
• Revenue grew 20.1% year over year
• Net income declined year over year, from $66.3M to $52.6M
• Generated $74.7M in positive operating cash flow
• Current ratio of 2.78x — enough short-term assets to cover short-term liabilities
• Liabilities run 2.23x equity — a highly leveraged balance sheet worth noting