DFNL · Davis Select Financial ETF

$53.00 +0.19 (+0.36%) At close · Aug 14

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.

Quarter:

Holders: 30

Total Value: $241,040,393

Total Shares: 4,882,820

Institutional Ownership Trend

26 quarters

Holder Concentration

Across 30 13F filers · Δ vs Mar 31, 2026

Top Holder

43.6%

+13.2 pts

Top 5

86.2%

+14.4 pts

Top 10

95.3%

+14.0 pts

HHI

2,510

Highly concentrated+944

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -32

Institutional value: -23.3%

Shares held: -30.3%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega BANK OF AMERICA CORP /DE/	+163,204	372,733
Mega UBS Group AG	+12,053	109,992
Small Hilltop Holdings Inc.	+6,953	31,482
Small Inspire Advisors, LLC	+3,393	65,059
Mega ROYAL BANK OF CANADA	+2,954	129,929

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Large Thrivent Financial for Lutherans	−684,955	739,792
Mega JANE STREET GROUP, LLC	−68,185	47,313
Mega RAYMOND JAMES FINANCIAL INC	−31,001	51,947
Mega MORGAN STANLEY	−20,112	831,587
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP	−3,418	20,234

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small FLOW TRADERS U.S. LLC	32,314	$1,595,180
Mid Ameritas Advisory Services, LLC	6,380	$314,948
Micro Regatta Research & Money Management	2,853	$140,838
Mid IFG Advisory, LLC	272	$13,427

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Mega LPL Financial LLC	415,571	$18,634,203
Mega ENVESTNET ASSET MANAGEMENT INC	141,855	$6,360,778
Large TRUIST FINANCIAL CORP	138,949	$6,230,473
Large HighTower Advisors, LLC	126,867	$5,688,716
Micro Willow Financial LLC	117,411	$5,264,709

Filter: New 4 Increased 9 Reduced 10 Sold out 36 Unchanged 7

Showing 30 of 30

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Davis Selected Advisers

$105,180,327

43.64%

2,130,666

MORGAN STANLEY

$41,051,291

17.03%

831,587

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

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	831,587	$41,051,291	100.0%	Defined

Thrivent Financial for Lutherans

$36,519,831

15.15%

739,792

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

Manager	Shares	Value (USD)	% of position	Discretion
Thrivent Investment Management Inc.	551,236	$27,211,765	74.5%	Sole
Thrivent Advisor Network, LLC	188,556	$9,308,066	25.5%	Sole

BANK OF AMERICA CORP /DE/

$18,399,963

7.63%

372,733

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

Manager	Shares	Value (USD)	% of position	Discretion
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	320,566	$15,824,740	86.0%	Defined
MANAGED ACCOUNT ADVISORS LLC	52,167	$2,575,223	14.0%	Defined

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

$6,581,193

2.73%

133,317

ROYAL BANK OF CANADA

$6,413,945

2.66%

129,929

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

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	129,929	$6,413,945	100.0%	Defined

UBS Group AG

$5,429,755

2.25%

109,992

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	109,992	$5,429,755	100.0%	Defined

Sanctuary Advisors, LLC

$4,338,788

1.80%

87,892

Inspire Advisors, LLC

$3,211,637

1.33%

65,059

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

Manager	Shares	Value (USD)	% of position	Discretion
Inspire Investing, LLC	65,059	$3,211,637	100.0%	Defined

RAYMOND JAMES FINANCIAL INC

$2,564,363

1.06%

51,947

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

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	13,853	$683,853	26.7%	Defined
Raymond James Financial Services Advisors, Inc.	28,699	$1,416,726	55.2%	Defined
RAYMOND JAMES TRUST N.A.	9,395	$463,784	18.1%	Defined

JANE STREET GROUP, LLC

$2,335,606

0.97%

47,313

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

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	47,313	$2,335,606	100.0%	Defined

FLOW TRADERS U.S. LLC

$1,595,180

0.66%

32,314

Hilltop Holdings Inc.

$1,554,108

0.64%

31,482

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

Manager	Shares	Value (USD)	% of position	Discretion
Hilltop Securities Holdings LLC joint	31,482	$1,554,108	100.0%	Defined

OSAIC HOLDINGS, INC.

$1,370,619

0.57%

27,765

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

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	23,858	$1,177,750	85.9%	Defined
Osaic Advisory Services, LLC	3,907	$192,869	14.1%	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$998,851

0.41%

20,234

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

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	20,234	$998,851	100.0%	Other

STIFEL FINANCIAL CORP

$769,106

0.32%

15,580

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

Manager	Shares	Value (USD)	% of position	Discretion
STIFEL NICOLAUS & CO INC \MO\	15,580	$769,106	100.0%	Defined

Rockefeller Capital Management L.P.

$696,540

0.29%

14,110

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

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER & CO. LLC	3,085	$152,291	21.9%	Defined
ROCKEFELLER FINANCIAL LLC	11,025	$544,249	78.1%	Defined

CAPTRUST FINANCIAL ADVISORS

$398,622

0.17%

8,075

Modern Wealth Management, LLC

$360,759

0.15%

7,308

Ameritas Advisory Services, LLC

$314,948

0.13%

6,380

Carson Advisory Inc.

$271,507

0.11%

5,500

MERCER GLOBAL ADVISORS INC /ADV

$230,238

0.10%

4,664

Millstone Evans Group, LLC

$162,904

0.07%

3,300

Regatta Research & Money Management

$140,838

0.06%

2,853

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

$47,834

0.02%

969

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Group AG	969	$47,834	100.0%	Defined

Allworth Financial LP

$35,295

0.01%

715

Steward Partners Investment Advisory, LLC

$30,754

0.01%

623

Coston, McIsaac & Partners

$22,115

0.01%

448

IFG Advisory, LLC

$13,427

0.01%

272

WELLS FARGO & COMPANY/MN

$49

0.00%

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

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	1	$49	100.0%	Defined

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

Manager	Shares	Value (USD)	% of position	Discretion
Truist Advisory Services, Inc.	138,949	$6,230,473	100.0%	Defined

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

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	70,604	$3,165,883	100.0%	Defined

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

Manager	Shares	Value (USD)	% of position	Discretion
Fifth Third Bank, National Association	866	$38,831	100.0%	Defined

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

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	349	$15,649	100.0%	Defined

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

Manager	Shares	Value (USD)	% of position	Discretion
STRATEGIC ADVISERS LLC	37	$1,659	100.0%	Defined

Key facts CIK 1670310 CUSIP 23908L108 13F (30d) 30 filings 30 filers