As of November 6, 2026, 2 holders' latest Schedule 13D or 13G filings report owning 5% or more of Duluth Holdings Inc. The largest reported stake is Schlecht Stephen L.'s, at 28.5%. 6 filings are on record since February 13, 2026 (Schedule 13G/A, February 13, 2026).
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Key facts
- · Reporting person: Askeladden Capital Management LLC · Sole voting: 0 · Shared voting: 1,698,483 · Sole dispositive: 0 · Shared dispositive: 1,698,483 · SCHEDULE 13G/A, 2026-08-07
- · Holder: Askeladden Capital Management LLC · Percent: 4.9% · SCHEDULE 13G/A
- · Reporting person: Pugliese Stephanie L. · Sole voting: 2,265,225 · Shared voting: 0 · Sole dispositive: 749,142 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-05-14
- · Holder: Pugliese Stephanie L. · Percent: 7.3% · SCHEDULE 13D/A
- · Holder: Askeladden Capital Management LLC · Percent: 6.6% · SCHEDULE 13G/A
Duluth Holdings Inc. has 6 Schedule 13D or 13G filings on record since 2026-02-13. 2 holders' latest filing reports 5% or more of class b common stock. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 28.5% | 10,483,788 | SCHEDULE 13G/A, 2026-02-13 | 2025-12-31 | |
| 6.8% | 2,265,225 | SCHEDULE 13D/A, 2026-05-14 | 2026-05-05 | |
| Askeladden Capital Management LLC | 4.9% | 1,698,483 | SCHEDULE 13G/A, 2026-08-07 | 2024-08-09 |
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More on Duluth Holdings Inc. and the records around it.
Duluth Holdings Inc. elsewhere on the record
Companies that share a holder
- ASKELADDEN CAPITAL MANAGEMENT LLC also filed stake reports on 6 other companies: AMERICAS CARMART INC (Aug 2026), FRANKLIN COVEY CO (Aug 2026), AstroNova, Inc. (Jul 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Pugliese Stephanie L. | 2,265,225 | 0 | 749,142 | 0 | SCHEDULE 13D/A, 2026-05-14 |
| Askeladden Capital Management LLC | 0 | 1,698,483 | 0 | 1,698,483 | SCHEDULE 13G/A, 2026-08-07 |
| Samir Patel | 0 | 1,698,483 | 0 | 1,698,483 | SCHEDULE 13G/A, 2026-08-07 |
The latest filing identifies Duluth Holdings Inc. by CUSIP 26443V101 and gives its principal executive office as 201 EAST FRONT STREET, MOUNT HOREB, WI 53572 (SCHEDULE 13G/A, 2026-08-07).
What the percentages are based on
The percentage calculated in Item 11 is based on 34,637,871 shares of Class B Common Stock outstanding as of June 8, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended May 3, 2026 and as filed with the SEC on June 9, 2026.Askeladden Capital Management LLC, SCHEDULE 13G/A, 2026-08-07
Source of funds (Item 3)
As of May 5, 2026, Ms. Pugliese holds an aggregate of 2,265,225 shares of Common Stock. Ms. Pugliese previously acquired 1,173,021 shares of Common Stock pursuant to an award of restricted stock granted in accordance with the terms of the Inducement Restricted Stock Award Agreement between the Issuer and Ms. Pugliese, effective May 5, 2025 (the "Agreement"). Pursuant to the terms of the Agreement, 387,097 shares of Common Stock vested on May 5, 2026, and in connection with such vesting, the Issuer withheld 181,935 shares to satisfy tax withholding obligations.Pugliese Stephanie L., SCHEDULE 13D/A, 2026-05-14
Purpose of Transaction (Item 4)
Pugliese Stephanie L.
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.Item 4 of the SCHEDULE 13D/A filed 2026-05-14
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2026-02-13 | Schlecht Stephen L. | 28.5% | SCHEDULE 13G/A |
| 2026-02-17 | Askeladden Capital Management LLC | 6.6% | SCHEDULE 13G/A |
| 2026-03-25 | Pugliese Stephanie L. | 7.3% | SCHEDULE 13D/A |
| 2026-05-14 | Pugliese Stephanie L. | 6.8% | SCHEDULE 13D/A |
| 2026-08-07 | Askeladden Capital Management LLC | 4.9% | SCHEDULE 13G/A |
| 2026-08-07 | Askeladden Capital Management LLC | 4.9% | SCHEDULE 13G/A |
Questions about who owns Duluth Holdings Inc.
Who owns Duluth Holdings Inc.?
On this page, 2 holders' latest ownership filings report 5% or more of Duluth Holdings Inc.: Schlecht Stephen L. (28.5%, Schedule 13G/A, filed 2026-02-13) and Pugliese Stephanie L. (6.8%, Schedule 13D/A, filed 2026-05-14).
Who are the largest shareholders of Duluth Holdings Inc.?
By the share each holder's latest filing reports, the largest holders of Duluth Holdings Inc. on this page are Schlecht Stephen L. (28.5%) and Pugliese Stephanie L. (6.8%).
When did Schlecht Stephen L. buy into Duluth Holdings Inc.?
The filings give report dates, not purchase dates. The earliest filing from Schlecht Stephen L. on this page is the Schedule 13G/A, filed 2026-02-13, reporting 28.5%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 6 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.