The considerable ownership by individual investors in Discovery Silver indicates that they collectively have a greater say in management and business strategy
51% of the business is held by the top 12 shareholders
A look at the shareholders of Discovery Silver Corp. (TSE:DSV) can tell us which group is most powerful. The group holding the most number of shares in the company, around 43% to be precise, is individual investors. Put another way, the group faces the maximum upside potential (or downside risk).
Following a 12% decrease in the stock price last week, individual investors suffered the most losses, but institutions who own 20% stock also took a hit.
In the chart below, we zoom in on the different ownership groups of Discovery Silver.
Check out our latest analysis for Discovery Silver
TSX:DSV Ownership Breakdown October 28th 2025
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
Discovery Silver already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It’s therefore worth looking at Discovery Silver’s earnings history below. Of course, the future is what really matters.
TSX:DSV Earnings and Revenue Growth October 28th 2025
Hedge funds don’t have many shares in Discovery Silver. Our data shows that 2016 Casinos Limited is the largest shareholder with 15% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 8.6% and 5.5%, of the shares outstanding, respectively. Furthermore, CEO Anthony Makuch is the owner of 1.2% of the company’s shares.
A closer look at our ownership figures suggests that the top 12 shareholders have a combined ownership of 51% implying that no single shareholder has a majority.
Researching institutional ownership is a good way to gauge and filter a stock’s expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Story Continues
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
We can see that insiders own shares in Discovery Silver Corp.. This is a big company, so it is good to see this level of alignment. Insiders own CA$307m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.
With a 43% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Discovery Silver. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
We can see that Private Companies own 20%, of the shares on issue. It’s hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
We can see that public companies hold 8.6% of the Discovery Silver shares on issue. It’s hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it’s worth watching this space for changes in ownership.
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Discovery Silver is showing 2 warning signs in our investment analysis , and 1 of those can’t be ignored…
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.