DFAT · Dimensional U.S. Targeted Value ETF · Holdings ETF

$68.57 +0.08 (+0.12%) At close · Oct 21

Volume · Oct 21 263.75K Avg daily vol (3M) 295.73K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 200

Total Value: $2,298,932,399

Total Shares: 34,601,633

Showing 1–100 of 200 holdings by value · page 1 of 2

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 200 13F filers · Δ vs Jun 30, 2026

Top Holder

30.1%

+22.1 pts

Top 5

47.8%

+18.9 pts

Top 10

58.5%

+17.0 pts

HHI

1,043

Broadly held+798

Who Holds DFAT

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 861 filers, like-for-like change +0.5%; actively managed books +0.4%; index-like books +30.8%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	81.1%	617	+0.1%	48	16
Exempt adviser	0.0%	1	new	1	0
Adviser	0.3%	6	-17.7%	0	1
Bank	2.5%	21	+6.7%	0	0
Broker-dealer	0.8%	1	+4.0%	0	0
Holding company	0.7%	6	+16.4%	1	0
Insurer	0.0%	0	—	0	0
Unknown	14.7%	209	+1.4%	14	9

Style	Share	Filers	Change	New	Exited
Index-like	0.4%	8	+30.8%	3	0
Systematic-like	0.1%	7	+4999.8%	6	0
Concentrated	63.0%	480	+0.6%	25	12
Diversified active	36.0%	362	0.0%	30	13
Unknown	0.5%	4	+0.7%	0	1
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	87.0%	671	+0.2%	43	18
Medium turnover	5.6%	80	+0.2%	9	6
High turnover	0.1%	9	+1664.1%	7	1
Unknown	7.3%	101	+3.9%	5	1
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	3.9%	92	-0.4%	6	1
Medium horizon	20.4%	213	-2.0%	12	9
Long horizon	74.5%	541	+1.3%	43	14
Unknown	1.1%	15	-4.2%	3	2
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	25.7%	509	-0.4%	33	17
$1B to $10B	35.6%	243	-0.3%	22	8
$10B to $100B	24.9%	79	+1.6%	4	0
$100B or more	13.8%	30	+2.4%	5	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	79.3%	583	+0.1%	42	14
Pooled investment vehicles	0.0%	4	+163.4%	1	0
Registered funds and BDCs	0.0%	2	+1.1%	1	0
Pension and profit sharing plans	0.4%	8	-1.1%	0	0
Insurance companies	0.0%	1	+0.3%	0	0
Charitable organizations	0.0%	1	0.0%	0	0
Governments and sovereign funds	0.0%	1	-95.8%	1	1
Corporations	0.0%	3	0.0%	0	0
Other investment advisers	0.9%	5	0.0%	1	0
Diversified	0.4%	8	+11.6%	2	1
Other	0.0%	0	—	0	0
Unknown	18.9%	245	+2.4%	16	10

Private funds	Share	Filers	Change	New	Exited
Hedge funds	1.3%	19	+7.8%	3	0
Private equity funds	9.3%	18	-3.8%	1	2
Venture capital funds	0.0%	2	-18.6%	0	0
Real estate funds	0.4%	13	-8.3%	2	1
Securitized asset funds	0.0%	1	0.0%	0	0
Other private funds	14.0%	27	+0.2%	1	0
Mixed private funds	0.0%	4	+41.5%	1	0
Private funds, type not stated	0.0%	4	+20.8%	1	0
No private funds	56.0%	530	+0.6%	40	13
Unknown	18.9%	243	+2.4%	15	10

Location	Share	Filers	Change	New	Exited
United States	99.5%	850	+0.5%	62	26
Outside the US	0.5%	11	+12.4%	2	0

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 13 holders with no observed 2026-03-31 13F and 13 holders with no observed 2026-06-30 13F.

Conviction and Crowding

861 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

501

58.2% of filers hold it in their top 10

Mar 31, 2026: 493

Holders above 5%

median weight 0.139%

Mar 31, 2026: 71

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

41.5%

of 13F shares, Herfindahl 0.024

Active holders

+0.4%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 15.9 quarters

Under 1 year 4.54% 1 to 3 years 22.2% 3 years or more 73.2% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$52.78

estimated per share

Mar 31, 2026: $52.04

Quarter-end price

$69.90

implied by 13F values

Estimated gain or loss

+32.4%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 23.4% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of DFAT by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	0	0
Active funds	144,137	1
Unclassified	0	0
All registered funds	144,137	1

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -661

Institutional value: -80.3%

Shares held: -79.3%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	+143,018	1,321,133
Mid Summit Financial Strategies, Inc.	+72,334	544,661
Small Sensible Money, LLC	+54,272	1,145,671
Mid Great Waters Wealth Management	+53,953	942,310
Small InTrack Investment Management Inc	+25,274	88,610

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Large ASSETMARK, INC	−287,888	558,042
Small Trust Co of the South	−124,505	1,629,605
Mid SAX WEALTH ADVISORS, LLC	−63,685	711,697
Mid Elser Financial Planning, Inc	−52,695	305,681
Mid Apella Capital, LLC	−32,271	2,045,430

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Advisory Solutions Group, LLC	51,571	$3,426,377
Small First National Bank of Mount Dora, Trust Investment Services	12,342	$820,002
Small SEAMOUNT FINANCIAL GROUP INC	9,859	$655,031
Small M Wealth Management, LLC	3,141	$208,688

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small KELLY FINANCIAL GROUP LLC	329,931	$23,062,176
Small Prism Advisors, Inc.	293,957	$20,547,594
Small FIDUCIARY FINANCIAL GROUP, LLC	225,571	$15,767,412
Mid ASPIRIANT, LLC	188,313	$13,163,078
Small VESTIA PERSONAL WEALTH ADVISORS	185,194	$12,945,060

Filter: New 4 Increased 59 Reduced 84 Sold out 43 Unchanged 52

Holder type: Registered adviser 146 Unknown 54

Showing 100 of 200

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Forum Financial Management, LP DFAT

$690,961,049

30.06%

10,399,775

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Henry Bragg & Co., LLC	380,331	$25,269,191	3.7%	Other
PR Wealth Management Group	143,588	$9,539,986	1.4%	Other
Held directly	9,875,856	$656,151,872	95.0%	Sole

Apella Capital, LLC DFAT

$135,898,369

5.91%

2,045,430

Trust Co of the South DFAT

$108,270,955

4.71%

1,629,605

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC DFAT

$87,776,076

3.82%

1,321,133

Sensible Money, LLC DFAT

$76,118,381

3.31%

1,145,671

Great Waters Wealth Management DFAT

$62,607,076

2.72%

942,310

PHILLIPS FINANCIAL MANAGEMENT, LLC DFAT

$48,619,861

2.11%

731,786

SAX WEALTH ADVISORS, LLC DFAT

$47,285,148

2.06%

711,697

Three Arch Wealth Management LLC DFAT

$47,118,317

2.05%

709,186

Aspen Wealth Management LLC DFAT

$39,758,559

1.73%

598,413

Financial Harvest, LLC DFAT

$37,300,877

1.62%

561,422

ASSETMARK, INC DFAT

$37,076,310

1.61%

558,042

Summit Financial Strategies, Inc. DFAT

$36,187,276

1.57%

544,661

EnRich Financial Partners LLC DFAT

$33,082,734

1.44%

497,934

Conrad Siegel Investment Advisors, Inc. DFAT

$29,585,798

1.29%

445,301

Disciplined Equity Management, Inc. DFAT

$28,663,345

1.25%

431,417

Watchman Group, Inc. DFAT

$28,383,234

1.23%

427,201

Forvis Mazars Wealth Advisors, LLC DFAT

$27,819,092

1.21%

418,710

Cambridge Financial Group, LLC DFAT

$26,958,827

1.17%

405,762

Meritas Wealth Management, LLC DFAT

$26,498,265

1.15%

398,830

Lauterbach Financial Advisors, LLC DFAT

$25,379,548

1.10%

381,992

ECLECTIC ASSOCIATES INC /ADV DFAT

$24,923,504

1.08%

375,128

Foster Group, Inc. DFAT

$24,887,360

1.08%

374,584

MISSION WEALTH MANAGEMENT, LP DFAT

$24,650,103

1.07%

371,013

Guardian Wealth Management, LLC DFAT

$22,326,829

0.97%

336,045

Farther Finance Advisors, LLC DFAT

$22,103,857

0.96%

332,689

RS CRUM INC. DFAT

$21,763,950

0.95%

327,573

Elser Financial Planning, Inc DFAT

$20,309,445

0.88%

305,681

RF&L WEALTH MANAGEMENT, LLC DFAT

$18,983,834

0.83%

285,729

JDH Wealth Management, LLC DFAT

$14,192,049

0.62%

213,607

ShankerValleau Wealth Advisors, Inc. DFAT

$13,633,155

0.59%

205,195

Kings Path Partners LLC DFAT

$13,115,787

0.57%

197,408

Moisand Fitzgerald Tamayo, LLC DFAT

$12,122,509

0.53%

182,458

Robertson Stephens Wealth Management, LLC DFAT

$11,628,793

0.51%

175,027

Pioneer Wealth Management Group DFAT

$11,467,676

0.50%

172,602

BAKER TILLY WEALTH MANAGEMENT, LLC DFAT

$11,239,588

0.49%

169,169

New England Private Wealth Advisors LLC DFAT

$10,309,295

0.45%

155,167

McKinley Carter Wealth Services, Inc. DFAT

$10,227,640

0.44%

153,938

OMNI 360 Wealth, Inc. DFAT

$9,836,840

0.43%

148,056

Pillar Financial Advisors, LLC DFAT

$9,670,009

0.42%

145,545

City State Bank DFAT

$9,560,250

0.42%

143,893

LEGACY FINANCIAL GROUP, INC. DFAT

$9,519,722

0.41%

143,283

JUNCTURE WEALTH STRATEGIES, LLC DFAT

$9,119,355

0.40%

137,257

Twin Cities Retirement Group LLC DFAT

$9,117,561

0.40%

137,230

MATHER GROUP, LLC. DFAT

$8,912,328

0.39%

134,141

Quantum Financial Planning Services, Inc. DFAT

$8,681,249

0.38%

130,663

Lakeshore Financial Planning, Inc. DFAT

$8,473,558

0.37%

127,537

DiNuzzo Private Wealth, Inc. DFAT

$8,415,556

0.37%

126,664

SACHEM HILL LLC DFAT

$7,660,930

0.33%

115,306

Parkshore Wealth Management, Inc. DFAT

$7,026,561

0.31%

105,758

Vestment Financial LLC DFAT

$6,549,256

0.28%

98,574

InTrack Investment Management Inc DFAT

$5,887,248

0.26%

88,610

Cherry Tree Wealth Management, LLC DFAT

$5,796,690

0.25%

87,247

MARYLAND CAPITAL ADVISORS INC. DFAT

$5,686,865

0.25%

85,594

CogentBlue Wealth Advisors, LLC DFAT

$5,621,687

0.24%

84,613

Shearwater Capital LLC DFAT

$5,378,583

0.23%

80,954

Factor Wealth Management LTD DFAT

$5,263,576

0.23%

79,223

SC&H Financial Advisors, Inc. DFAT

$4,922,340

0.21%

74,087

RTD Financial Advisors, Inc. DFAT

$4,919,815

0.21%

74,049

Physician Wealth Solutions Inc. DFAT

$4,862,544

0.21%

73,187

AXXCESS WEALTH MANAGEMENT, LLC DFAT

$4,860,218

0.21%

73,152

Pacific Asset Management, LLC DFAT

$4,673,456

0.20%

70,341

Woodward Financial Advisors, Inc. DFAT

$4,564,494

0.20%

68,701

Level Financial Advisors DFAT

$4,544,296

0.20%

68,397

Private Wealth Management Group, LLC DFAT

$4,467,359

0.19%

67,239

1900 WEALTH MANAGEMENT LLC DFAT

$4,397,331

0.19%

66,185

Klingman & Associates, LLC DFAT

$4,176,484

0.18%

62,861

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC DFAT

$4,025,466

0.18%

60,588

FORTERIS WEALTH MANAGEMENT INC. DFAT

$3,719,111

0.16%

55,977

Advisory Solutions Group, LLC DFAT

$3,426,377

0.15%

51,571

Activest Wealth Management DFAT

$3,258,483

0.14%

49,044

BluePrint Investing LLC DFAT

$3,225,861

0.14%

48,553

CFS Investment Advisory Services, LLC DFAT

$3,083,945

0.13%

46,417

Long Island Wealth Management, Inc. DFAT

$2,798,652

0.12%

42,123

TruNorth Capital Management, LLC DFAT

$2,783,304

0.12%

41,892

XY Planning Network, Inc. DFAT

$2,758,921

0.12%

41,525

ELEVATION WEALTH PARTNERS, LLC DFAT

$2,686,567

0.12%

40,436

Aerodigm Wealth, LLC DFAT

$2,672,947

0.12%

40,231

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FOCUS PARTNERS ADVISOR SOLUTIONS, LLC	40,231	$2,672,947	100.0%	Other

3 FACTOR INDEXING, LLC DFAT

$2,536,878

0.11%

38,183

True Wealth Design, LLC DFAT

$2,521,065

0.11%

37,945

NorthCrest Asset Manangement, LLC DFAT

$2,382,073

0.10%

35,853

Grove Street Fiduciary, LLC DFAT

$2,255,704

0.10%

33,951

Abel Hall, LLC DFAT

$2,235,639

0.10%

33,649

marrick wealth, LLC DFAT

$2,191,124

0.10%

32,979

Navigate Wealth Management, LLC DFAT

$2,186,141

0.10%

32,904

Clark Asset Management, LLC DFAT

$2,163,352

0.09%

32,561

Olistico Wealth, LLC DFAT

$2,099,570

0.09%

31,601

ARK & TLK INVESTMENTS, LLC DFAT

$2,074,456

0.09%

31,223

Signal Advisors Wealth, LLC DFAT

$2,074,389

0.09%

31,222

Avior Wealth Management, LLC DFAT

$1,956,658

0.09%

29,450

Triumph Capital Management DFAT

$1,740,329

0.08%

26,194

Versant Capital Management, Inc DFAT

$1,728,503

0.08%

26,016

25 LLC DFAT

$1,719,666

0.07%

25,883

Meredith Wealth Planning DFAT

$1,675,882

0.07%

25,224

Legacy Capital Wealth Partners, LLC DFAT

$1,671,497

0.07%

25,158

55 North Private Wealth, LLC DFAT

$1,616,551

0.07%

24,331

VIRTUE ASSET MANAGEMENT LLC DFAT

$1,603,994

0.07%

24,142

BOS Asset Management, LLC DFAT

$1,596,154

0.07%

24,024

Financial Synergies Wealth Advisors, Inc. DFAT

$1,592,367

0.07%

23,967

VERUS WEALTH MANAGEMENT, LLC DFAT

$1,578,282

0.07%

23,755

Showing the top 100 of 200 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.