DFEM · Dimensional Emerging Markets Core Equity 2 ETF · Holdings ETF

$37.12 -1.09 (-2.85%)

Volume · Oct 22 258.43K Avg daily vol (3M) 873.51K

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: 177

Total Value: $2,304,807,408

Total Shares: 58,026,372

Showing 1–100 of 177 holdings by value · page 1 of 2

Institutional Ownership Trend

19 quarters

Holder Concentration

Across 177 13F filers · Δ vs Jun 30, 2026

Top Holder

27.4%

+19.4 pts

Top 5

41.9%

+19.0 pts

Top 10

50.0%

+18.6 pts

HHI

858

Broadly held+687

Who Holds DFEM

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: 598 filers, like-for-like change +0.8%; actively managed books +0.5%; index-like books +90.8%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	80.6%	436	-0.9%	43	9
Adviser	0.0%	2	-27.3%	0	0
Bank	2.7%	15	+24.2%	0	0
Broker-dealer	1.2%	1	+10.2%	0	0
Holding company	0.5%	5	+62.5%	0	0
Exempt adviser	0.0%	0	-100.0%	0	1
Unknown	15.0%	139	+5.1%	9	6

Style	Share	Filers	Change	New	Exited
Index-like	1.1%	6	+90.8%	1	0
Systematic-like	0.0%	1	-62.4%	0	1
Concentrated	70.3%	369	+1.6%	17	7
Diversified active	28.3%	218	-2.1%	34	7
Unknown	0.3%	3	-32.9%	0	1
Not measured	0.0%	1	-1.5%	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	87.6%	476	+0.2%	41	10
Medium turnover	5.9%	43	+11.5%	6	2
High turnover	0.8%	6	-18.0%	0	3
Unknown	5.7%	72	+3.5%	5	1
Not measured	0.0%	1	-1.5%	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	4.4%	67	+12.6%	4	2
Medium horizon	21.7%	174	+4.7%	14	4
Long horizon	73.2%	346	-0.9%	33	9
Unknown	0.6%	10	+15.5%	1	1
Not measured	0.0%	1	-1.5%	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	31.6%	358	+1.4%	23	8
$1B to $10B	43.5%	156	+2.9%	27	6
$10B to $100B	19.2%	56	-6.8%	1	2
$100B or more	5.6%	27	+10.7%	1	0
Not measured	0.0%	1	-1.5%	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	78.8%	419	-1.0%	41	8
Pooled investment vehicles	0.0%	1	-71.0%	0	1
Pension and profit sharing plans	0.9%	8	+9.7%	1	0
Corporations	0.0%	1	0.0%	0	0
Other investment advisers	0.4%	4	+1.4%	1	0
Diversified	0.4%	3	+11.2%	0	0
Registered funds and BDCs	0.0%	0	—	0	0
Other	0.0%	0	—	0	0
Insurance companies	0.0%	0	—	0	0
Charitable organizations	0.0%	0	—	0	0
Unknown	19.4%	162	+8.8%	9	7

Private funds	Share	Filers	Change	New	Exited
Hedge funds	3.0%	11	-2.5%	1	2
Private equity funds	2.0%	10	+4.3%	2	0
Venture capital funds	1.0%	2	+5.5%	0	0
Real estate funds	0.5%	8	-5.4%	2	0
Securitized asset funds	0.1%	1	0.0%	0	0
Other private funds	8.7%	16	+6.5%	2	0
Mixed private funds	0.0%	0	-100.0%	0	2
Private funds, type not stated	0.0%	3	+338.8%	1	0
No private funds	65.4%	385	-2.0%	35	6
Unknown	19.4%	162	+8.8%	9	6

Location	Share	Filers	Change	New	Exited
United States	97.7%	592	+0.8%	52	15
Outside the US	2.3%	6	+3.6%	0	1

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 8 holders with no observed 2026-03-31 13F and 9 holders with no observed 2026-06-30 13F.

Conviction and Crowding

597 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

434

72.7% of filers hold it in their top 10

Mar 31, 2026: 417

Holders above 5%

median weight 0.329%

Mar 31, 2026: 72

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

31.4%

of 13F shares, Herfindahl 0.017

Active holders

+0.5%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 12.5 quarters

Under 1 year 7.13% 1 to 3 years 29.1% 3 years or more 63.8% 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

$27.93

estimated per share

Mar 31, 2026: $27.22

Quarter-end price

$40.64

implied by 13F values

Estimated gain or loss

+45.5%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 74.4% 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 DFEM 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	3,038,456	1
Active funds	0	0
Unclassified	0	0
All registered funds	3,038,456	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

111

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: -421

Institutional value: -71.0%

Shares held: -70.4%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Mid Apella Capital, LLC	+213,254	1,879,918
Large Farther Finance Advisors, LLC	+160,639	289,294
Mid Curated Wealth Partners LLC	+156,675	671,148
Small Fortitude Family Office, LLC	+142,458	444,485
Mid Forum Financial Management, LP	+138,429	15,906,068

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid Valeo Financial Advisors, LLC	−56,606	14,800
Mid Krilogy Financial LLC	−39,469	280,523
Small SACHEM HILL LLC	−35,667	459,436
Mid SAX WEALTH ADVISORS, LLC	−24,462	54,163
Small KFG WEALTH MANAGEMENT, LLC	−15,181	171,300

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Mid Magnus Financial Group LLC	11,066	$439,541
Small WEALTHCARE CAPITAL MANAGEMENT LLC	7,350	$291,942
Mid GODSEY & GIBB, INC	171	$6,792
Small Cherry Tree Wealth Management, LLC	146	$5,799
Small Rydar Equities, Inc.	26	$1,032

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)	Open
Small LexAurum Advisors, LLC	5,044	$204,988
Small Go Invest LLC	300	$12,192

Filter: New 6 Increased 111 Reduced 48 Sold out 2 Unchanged 12

Holder type: Registered adviser 126 Unknown 51

Showing 100 of 177

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Forum Financial Management, LP DFEM

$631,789,020

27.41%

15,906,068

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	684,477	$27,187,426	4.3%	Other
PR Wealth Management Group	253,009	$10,049,517	1.6%	Other
Held directly	14,968,582	$594,552,077	94.1%	Sole

Forvis Mazars Wealth Advisors, LLC DFEM

$130,541,924

5.66%

3,286,554

AWM CAPITAL, LLC DFEM

$80,776,339

3.50%

2,033,644

Apella Capital, LLC DFEM

$74,670,342

3.24%

1,879,918

EnRich Financial Partners LLC DFEM

$47,609,345

2.07%

1,198,624

Elser Financial Planning, Inc DFEM

$42,511,323

1.84%

1,070,275

PHILLIPS FINANCIAL MANAGEMENT, LLC DFEM

$41,658,177

1.81%

1,048,796

Kooman & Associates DFEM

$38,725,490

1.68%

974,962

FIRST FINANCIAL BANK - TRUST DIVISION DFEM

$32,825,838

1.42%

826,431

Sensible Money, LLC DFEM

$31,273,899

1.36%

787,359

Peterson Wealth Advisors, LLC DFEM

$30,282,925

1.31%

762,410

AdvisorNet Financial, Inc DFEM

$28,442,220

1.23%

716,068

DiNuzzo Private Wealth, Inc. DFEM

$28,020,275

1.22%

705,445

Integris Wealth Management, LLC DFEM

$27,809,600

1.21%

700,141

RS CRUM INC. DFEM

$27,235,686

1.18%

685,692

Curated Wealth Partners LLC DFEM

$26,657,998

1.16%

671,148

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

Manager	Shares	Value (USD)	% of position	Discretion
TOWNSQUARE CAPITAL LLC	60,695	$2,410,805	9.0%	Other
Held directly	610,453	$24,247,193	91.0%	Sole

Discipline Wealth Solutions, LLC DFEM

$23,954,615

1.04%

603,087

Emprise Bank DFEM

$22,926,264

0.99%

577,197

Private Wealth Management Group, LLC DFEM

$22,534,268

0.98%

567,328

Woodward Financial Advisors, Inc. DFEM

$22,340,275

0.97%

562,444

Concurrent Investment Advisors, LLC DFEM

$22,136,432

0.96%

557,312

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

Manager	Shares	Value (USD)	% of position	Discretion
Concurrent Asset Management, LLC	1,549	$61,526	0.3%	Sole
Held directly	555,763	$22,074,906	99.7%	Sole

Versant Capital Management, Inc DFEM

$21,973,104

0.95%

553,200

Cambridge Financial Group, LLC DFEM

$21,621,979

0.94%

544,360

Conrad Siegel Investment Advisors, Inc. DFEM

$20,866,862

0.91%

525,349

CAPSTONE CAPITAL LLC DFEM

$20,764,225

0.90%

522,765

Ballentine Capital Advisors, Inc DFEM

$20,634,182

0.90%

519,491

Equita Financial Network, Inc. DFEM

$19,158,981

0.83%

482,351

Trust Co of the South DFEM

$18,790,102

0.82%

473,064

Kondo Wealth Advisors, Inc. DFEM

$18,538,158

0.80%

466,721

Financial Planning Navigators CORP DFEM

$18,536,609

0.80%

466,682

Peirce Capital Management, LLC DFEM

$18,348,018

0.80%

461,934

SACHEM HILL LLC DFEM

$18,248,797

0.79%

459,436

Financial Symmetry Inc DFEM

$18,022,632

0.78%

453,742

Verisail Partners, LLC DFEM

$17,795,791

0.77%

448,031

Fortitude Family Office, LLC DFEM

$17,654,944

0.77%

444,485

Level Financial Advisors DFEM

$17,431,638

0.76%

438,863

Foundation Wealth Management, LLC\PA DFEM

$17,133,897

0.74%

431,367

Factor Wealth Management LTD DFEM

$16,970,846

0.74%

427,262

Hassell Wealth Management, LLC DFEM

$16,307,880

0.71%

410,571

Aerodigm Wealth, LLC DFEM

$15,488,059

0.67%

389,931

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	389,931	$15,488,059	100.0%	Other

FAMILY WEALTH PARTNERS, LLC DFEM

$14,797,805

0.64%

372,553

Kaufman Rossin Wealth, LLC DFEM

$14,570,924

0.63%

366,841

BCU Wealth Advisors, LLC DFEM

$14,486,797

0.63%

364,723

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

Manager	Shares	Value (USD)	% of position	Discretion
Baxter Credit Union	364,723	$14,486,797	100.0%	Defined

Friday Financial DFEM

$14,392,621

0.62%

362,352

JGP Wealth Management, LLC DFEM

$14,192,392

0.62%

357,311

Physician Wealth Solutions Inc. DFEM

$13,088,534

0.57%

329,520

Cravens & Co Advisors, LLC DFEM

$12,646,371

0.55%

318,388

Vannoy Advisory Group, Inc. DFEM

$12,336,714

0.54%

310,592

Watchman Group, Inc. DFEM

$11,830,681

0.51%

297,852

Farther Finance Advisors, LLC DFEM

$11,490,757

0.50%

289,294

Hippocratic Financial Advisors, LLC DFEM

$11,365,957

0.49%

286,152

Krilogy Financial LLC DFEM

$11,142,373

0.48%

280,523

BCO Wealth Management LLC DFEM

$10,758,638

0.47%

270,862

XY Planning Network, Inc. DFEM

$10,576,164

0.46%

266,268

SC&H Financial Advisors, Inc. DFEM

$10,347,814

0.45%

260,519

C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors DFEM

$10,157,953

0.44%

255,739

Financial Harvest, LLC DFEM

$10,030,253

0.44%

252,524

Hiley Hunt Wealth Management DFEM

$9,402,160

0.41%

236,711

BEACON HILL WEALTH MANAGEMENT LTD. DFEM

$9,328,758

0.40%

234,863

CLIENT 1ST ADVISORY GROUP, LLC DFEM

$9,034,035

0.39%

227,443

Gradient Capital Advisors, LLC DFEM

$8,938,469

0.39%

225,037

Pacific Asset Management, LLC DFEM

$8,790,711

0.38%

221,317

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC DFEM

$8,389,658

0.36%

211,220

Foundry Financial LLC DFEM

$8,376,153

0.36%

210,880

Klaas Financial Asset Advisors, LLC DFEM

$7,660,597

0.33%

192,865

VESTIA PERSONAL WEALTH ADVISORS DFEM

$7,637,163

0.33%

192,275

RCS Financial Planning, LLC DFEM

$7,380,770

0.32%

185,820

MISSION WEALTH MANAGEMENT, LP DFEM

$7,213,112

0.31%

181,599

DAVENPORT & Co LLC DFEM

$7,153,015

0.31%

180,086

LifeGuide Financial Advisors, LLC DFEM

$6,860,160

0.30%

172,713

ARK & TLK INVESTMENTS, LLC DFEM

$6,845,662

0.30%

172,348

KFG WEALTH MANAGEMENT, LLC DFEM

$6,804,036

0.30%

171,300

SageOak Financial, LLC DFEM

$6,569,926

0.29%

165,406

Avior Wealth Management, LLC DFEM

$5,978,495

0.26%

150,516

Pillar Financial Advisors, LLC DFEM

$5,573,152

0.24%

140,311

CogentBlue Wealth Advisors, LLC DFEM

$5,486,960

0.24%

138,141

Aspen Wealth Management LLC DFEM

$5,112,480

0.22%

128,713

Hutchens & Kramer Investment Management Group, LLC DFEM

$5,036,972

0.22%

126,812

FIDUCIARY FINANCIAL GROUP, LLC DFEM

$4,994,233

0.22%

125,736

BetterWealth, LLC DFEM

$4,993,399

0.22%

125,715

Outbound Financial Inc DFEM

$4,854,419

0.21%

122,216

Porter White Investment Advisors, Inc. DFEM

$4,741,853

0.21%

119,382

Accurate Wealth Management, LLC DFEM

$4,636,237

0.20%

116,723

LEGACY FINANCIAL GROUP, INC. DFEM

$4,514,773

0.20%

113,665

Shore Point Advisors, LLC DFEM

$4,512,390

0.20%

113,605

Family Office Research LLC DFEM

$4,418,214

0.19%

111,234

Sowell Financial Services LLC DFEM

$4,378,017

0.19%

110,222

Shearwater Capital LLC DFEM

$4,223,943

0.18%

106,343

RTD Financial Advisors, Inc. DFEM

$4,125,200

0.18%

103,857

JDH Wealth Management, LLC DFEM

$4,015,255

0.17%

101,089

Strengthening Families & Communities, LLC DFEM

$4,006,238

0.17%

100,862

AA Financial Advisors, LLC DFEM

$3,968,226

0.17%

99,905

HEFFERNAN ADVISORY, INC DFEM

$3,752,427

0.16%

94,472

Signature Resources Capital Management, LLC DFEM

$3,658,172

0.16%

92,099

AXXCESS WEALTH MANAGEMENT, LLC DFEM

$3,480,266

0.15%

87,620

Abel Hall, LLC DFEM

$3,337,790

0.14%

84,033

CFS Investment Advisory Services, LLC DFEM

$3,234,955

0.14%

81,444

Essential Planning, LLC. DFEM

$3,208,422

0.14%

80,776

BluePrint Investing LLC DFEM

$3,189,516

0.14%

80,300

Root Financial Partners, LLC DFEM

$3,065,907

0.13%

77,188

Showing the top 100 of 177 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.