DXNYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as DX.PC, DX.PD
DYNEX CAPITAL INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 27, 2026
$10.56−0.37 (-3.39%)
Close on Oct 19, 2026
- Market cap
- $2.36B
- P/E (TTM)
- 4.0
- Dividend yield
- 18.94%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
112M
Shares held, 13F filers
Institutional holders
289
55 new, 30 sold out
Net institutional buying
23M
In Q2 2026
Insider trades, 12 months
2 buys · 0 sales
Net bought $52.33K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 15,850,726 | 7.70% | 13G (passive) amendment | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of DX | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 18,437,985 | – | $241.72M | +2,355,906 | 0.00% |
| Vanguard Capital Management LLC | 9,145,837 | – | $119.90M | +632,153 | 0.00% |
| Millennium Management LLC | 7,016,976 | – | $91.99M | +4,262,649 | 0.03% |
| Marshall Wace, Llp | 6,413,930 | – | $84.09M | +6,201,462 | 0.07% |
| Geode Capital Management, LLC | 5,566,081 | – | $72.99M | +824,639 | 0.00% |
| State Street Corp | 5,113,743 | – | $67.86M | +579,022 | 0.00% |
| Ameriprise Financial Inc | 3,347,364 | – | $43.89M | +1,401,864 | 0.01% |
| Two Sigma Investments, LP | 2,965,239 | – | $38.87M | +1,015,561 | 0.03% |
| Northern Trust Corp | 2,320,658 | – | $30.42M | +536,787 | 0.00% |
| Wellington Management Group Llp | 2,221,800 | – | $29.13M | +1,307,100 | 0.01% |
| Royal Bank of Canada | 2,153,884 | – | $28.24M | +622,781 | 0.00% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,132,490 | – | $27.96M | +72,105 | 0.03% |
| Victory Capital Management Inc | 2,125,257 | – | $27.86M | −474,341 | 0.02% |
| Vanguard Portfolio Management LLC | 1,810,563 | – | $23.74M | +410,722 | 0.00% |
| Qube Research & Technologies Ltd | 1,800,280 | – | $23.60M | −1,908,113 | 0.02% |
| Charles Schwab Investment Management Inc | 1,795,250 | – | $23.54M | +147,356 | 0.00% |
| Callodine Capital Management, LP | 1,642,300 | – | $21.53M | −28,554 | 1.41% |
| Segall Bryant & Hamill, LLC | 1,637,513 | – | $21.47M | +102,917 | 0.25% |
| Invesco Ltd. | 1,501,658 | – | $19.69M | +209,715 | 0.00% |
| Van Eck Associates Corp | 1,485,109 | – | $19.47M | −31,235 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 289 | 112M | 55 / 146 | 55 / 30 | 31M | 8M |
| Q1 2026 | 267 | 89M | 59 / 127 | 55 / 50 | 37M | 11M |
| Q4 2025 | 263 | 71M | 82 / 115 | 39 / 28 | 17M | 8M |
| Q3 2025 | 212 | 62M | 43 / 100 | 41 / 30 | 13M | 5M |
| Q2 2025 | 201 | 53M | 46 / 89 | 50 / 46 | 14M | 10M |
| Q1 2025 | 203 | 49M | 57 / 85 | 41 / 32 | 15M | 4M |
| Q4 2024 | 182 | 40M | 44 / 73 | 41 / 25 | 7M | 6M |
| Q3 2024 | 164 | 39M | 36 / 65 | 34 / 18 | 14M | 6M |
| Q2 2024 | 147 | 38M | 36 / 65 | 28 / 17 | 11M | 4M |
| Q1 2024 | 129 | 31M | 26 / 44 | 30 / 19 | 9M | 2M |
| Q4 2023 | 122 | 23M | 17 / 50 | 28 / 20 | 3M | 6M |
| Q3 2023 | 127 | 26M | 12 / 56 | 35 / 16 | 2M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of DX | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 6,481,512 | – | $84.97M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 5,634,769 | – | $73.87M | 0.09% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 2,461,190 | – | $32.27M | 0.03% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 2,406,535 | – | $30.59M | 0.09% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 2,052,132 | – | $26.90M | 0.19% | Jun 30, 2026 |
| iShares Mortgage Real Estate ETF | 1,839,661 | – | $24.12M | 4.40% | Jun 30, 2026 |
| Columbia Small Cap Value Discovery Fund | 1,724,180 | – | $21.91M | 0.88% | Jul 31, 2026 |
| VanEck Mortgage REIT Income ETF | 1,504,942 | – | $19.73M | 4.93% | Jun 30, 2026 |
| Vanguard Russell 2000 Index Fund | 1,026,173 | – | $13.43M | 0.08% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 1,023,663 | – | $13.40M | 0.03% | May 31, 2026 |
| Invesco KBW High Dividend Yield Financial ETF | 1,023,123 | – | $13.39M | 3.14% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 962,431 | – | $12.60M | 0.06% | May 31, 2026 |
| Global X SuperDividend ETF | 875,377 | – | $11.13M | 0.92% | Jul 31, 2026 |
| Fidelity Real Estate Income Fund | 776,235 | – | $9.87M | 0.22% | Jul 31, 2026 |
| Victory Integrity Small-Cap Value Fund | 770,200 | – | $10.10M | 0.88% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Smriti Laxman Popenoe | Co-CEO and President, Director | 536,203 | Sep 10, 2026 |
| Byron L. Boston | Co-CEO & Chairman of the Board, Director | 889,662 | Sep 10, 2026 |
| Terrence John Connelly JR | Chief Investment Officer | 58,695 | Sep 28, 2026 |
| Michael Andrew Sartori | Chief Financial Officer | 1,714 | Mar 12, 2026 |
| Jeffrey L. Childress | SVP, Chief Accounting Officer | 37,554 | Mar 6, 2026 |
| Robert S. Colligan | CFO and COO | 120,857 | Sep 29, 2025 |
| Douglas E. Neal | Director | 10,372 | Jun 30, 2026 |
| Julia Lynn Coronado | Director | 57,070 | May 26, 2026 |
| Andrew I. Gray | Director | 33,131 | May 26, 2026 |
| Alexander I. Crawford | Director | 33,131 | May 26, 2026 |
| Marie A. Chandoha | Director | 31,826 | May 26, 2026 |
| Joy D. Palmer | Director | 40,148 | May 28, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Terrence John Connelly JR Chief Investment Officer | Sep 25, 2026 | Buy | +2,500 | $11.18 | $27.95K | 58,695 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Sep 8, 2026 | Tax withholding | −15,667 | $12.89 | $201.95K | 883,567 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Sep 8, 2026 | Tax withholding | −19,528 | $12.89 | $251.72K | 531,098 |
| Douglas E. Neal Director | Jun 15, 2026 | Award | +10,372 | – | – | 10,372 |
| Andrew I. Gray Director | May 22, 2026 | Award | +11,400 | – | – | 33,131 |
| Marie A. Chandoha Director | May 22, 2026 | Award | +11,400 | – | – | 31,826 |
| Alexander I. Crawford Director | May 22, 2026 | Award | +11,400 | – | – | 33,131 |
| Julia Lynn Coronado Director | May 22, 2026 | Award | +11,400 | – | – | 57,070 |
| Michael Andrew Sartori Chief Financial Officer | Mar 4, 2026 | Award | +25,054 | – | – | 35,579 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Mar 4, 2026 | Award | +136,006 | – | – | 548,626 |
| Jeffrey L. Childress SVP, Chief Accounting Officer | Mar 4, 2026 | Award | +18,275 | – | – | 37,554 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Mar 4, 2026 | Award | +136,006 | – | – | 899,234 |
| Michael Andrew Sartori Chief Financial Officer | Feb 28, 2026 | Tax withholding | −1,593 | $14.03 | $22.35K | 10,525 |
| Jeffrey L. Childress SVP, Chief Accounting Officer | Feb 28, 2026 | Tax withholding | −769 | $14.03 | $10.79K | 19,716 |
| Jeffrey L. Childress SVP, Chief Accounting Officer | Feb 28, 2026 | Tax withholding | −437 | $14.03 | $6.13K | 19,279 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Feb 28, 2026 | Tax withholding | −28,491 | $14.03 | $399.73K | 412,620 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Feb 28, 2026 | Tax withholding | −32,514 | $14.03 | $456.17K | 441,111 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Feb 28, 2026 | Award | +66,287 | – | – | 473,625 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Feb 28, 2026 | Award | +86,579 | – | – | 826,299 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Feb 28, 2026 | Tax withholding | −29,002 | $14.03 | $406.90K | 763,228 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Feb 28, 2026 | Tax withholding | −34,069 | $14.03 | $477.99K | 792,230 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Feb 27, 2026 | Buy | +2,000 | $12.19 | $24.38K | 550,626 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Sep 26, 2025 | Buy | +4,200 | $12.16 | $51.07K | 407,278 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Sep 26, 2025 | Buy | +60 | $12.12 | $727 | 407,338 |
| Robert S. Colligan CFO and COO | Sep 26, 2025 | Buy | +4,200 | $12.12 | $50.90K | 120,857 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Sep 8, 2025 | Tax withholding | −15,206 | $12.93 | $196.61K | 739,720 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Sep 8, 2025 | Tax withholding | −18,954 | $12.93 | $245.08K | 403,078 |
| Robert S. Colligan CFO and COO | May 28, 2025 | Award | +45,596 | – | – | 116,657 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | May 28, 2025 | Award | +18,479 | – | – | 754,926 |
| Jeffrey L. Childress SVP, Chief Accounting Officer | May 28, 2025 | Award | +3,734 | – | – | 20,485 |
| Smriti Laxman Popenoe Co-CEO and President, Director | May 28, 2025 | Award | +18,479 | – | – | 422,032 |
| Joy D. Palmer Director | May 23, 2025 | Award | +10,549 | – | – | 40,148 |
| Joy D. Palmer Director | May 23, 2025 | Award | +5,522 | – | – | 45,670 |
| Marie A. Chandoha Director | May 23, 2025 | Award | +9,877 | – | – | 20,426 |
| Marie A. Chandoha Director | May 23, 2025 | Award | +10,549 | – | – | 10,549 |
| Alexander I. Crawford Director | May 23, 2025 | Award | +1,665 | – | – | 21,731 |
| Alexander I. Crawford Director | May 23, 2025 | Award | +10,549 | – | – | 20,066 |
| Julia Lynn Coronado Director | May 23, 2025 | Award | +5,522 | – | – | 45,670 |
| Julia Lynn Coronado Director | May 23, 2025 | Award | +10,549 | – | – | 40,148 |
| Andrew I. Gray Director | May 23, 2025 | Award | +1,665 | – | – | 21,731 |
| Andrew I. Gray Director | May 23, 2025 | Award | +10,549 | – | – | 20,066 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Mar 10, 2025 | Tax withholding | −13,199 | $14.26 | $188.22K | 736,447 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Mar 10, 2025 | Tax withholding | −10,519 | $14.26 | $150.00K | 403,553 |
| Robert S. Colligan CFO and COO | Mar 10, 2025 | Tax withholding | −4,966 | $14.26 | $70.82K | 71,061 |
| Jeffrey L. Childress SVP, Chief Accounting Officer | Mar 8, 2025 | Tax withholding | −374 | $14.37 | $5.37K | 16,751 |
| Robert S. Colligan CFO and COO | Feb 28, 2025 | Tax withholding | −2,655 | $14.07 | $37.36K | 76,027 |
| Jeffrey L. Childress SVP, Chief Accounting Officer | Feb 28, 2025 | Tax withholding | −395 | $14.07 | $5.56K | 17,125 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Feb 28, 2025 | Tax withholding | −6,210 | $14.07 | $87.37K | 749,646 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Feb 28, 2025 | Tax withholding | −5,836 | $14.07 | $82.11K | 414,072 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Feb 25, 2025 | Award | +49,524 | – | – | 767,916 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Feb 25, 2025 | Tax withholding | −12,060 | $13.88 | $167.39K | 755,856 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Feb 25, 2025 | Award | +37,917 | – | – | 432,535 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Feb 25, 2025 | Tax withholding | −12,627 | $13.88 | $175.26K | 419,908 |
| Jeffrey L. Childress SVP, Chief Accounting Officer | Feb 23, 2025 | Tax withholding | −358 | $14.06 | $5.03K | 17,520 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Feb 23, 2025 | Tax withholding | −3,709 | $14.06 | $52.15K | 718,392 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Feb 23, 2025 | Tax withholding | −3,359 | $14.06 | $47.23K | 394,618 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Feb 21, 2025 | Award | +76,435 | – | – | 722,101 |
| Smriti Laxman Popenoe Co-CEO and President, Director | Feb 21, 2025 | Award | +76,435 | – | – | 397,977 |
| Byron L. Boston Co-CEO & Chairman of the Board, Director | Sep 8, 2024 | Tax withholding | −15,207 | $12.47 | $189.63K | 645,666 |
| Smriti Laxman Popenoe Co-CEO, President and CIO, Director | Sep 8, 2024 | Tax withholding | −18,665 | $12.47 | $232.75K | 321,542 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| L. Popenoe Smriti Officer, Director | Aug 29, 2024 | 14,709 | $185.19K | Aug 30, 2024 | Purchase of issuer securities from employee contributions, company match contributions, and dividend reinvestment through the Dynex Capital, Inc. 401(k) Plan. |
| L. Boston Byron Officer, Director | Aug 29, 2024 | 17,138 | $215.77K | Aug 30, 2024 | Purchase of issuer securities from employee contributions, company match contributions, and dividend reinvestment through the Dynex Capital, Inc. 401(k) Plan. |