DFNL · Davis Select Financial ETF · Holdings ETF

$48.33 +0.26 (+0.54%) At close · Oct 2

Volume · Oct 2 20.77K Avg daily vol (3M) 35.47K

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: 64

Total Value: $321,524,577

Total Shares: 6,513,210

Institutional Ownership Trend

26 quarters

Holder Concentration

Across 64 13F filers · Δ vs Mar 31, 2026

Top Holder

32.7%

+2.3 pts

Top 5

68.5%

−3.3 pts

Top 10

81.3%

+0.0 pts

HHI

1,485

Broadly held−81

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: +3

Institutional value: +2.4%

Shares held: -7.0%

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
Large Envestnet Portfolio Solutions, Inc.	+9,816	28,323
Small ARKANSAS FINANCIAL GROUP, INC.	+8,339	69,802
Mid Hilltop Holdings Inc.	+6,953	31,482

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 LPL Financial LLC	−28,782	386,789
Mega MORGAN STANLEY	−20,112	831,587

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small Beacon Harbor Wealth Advisors, Inc.	292,783	$14,453,232
Mid FLOW TRADERS U.S. LLC	32,314	$1,595,180
Mid Ameritas Advisory Services, LLC	6,380	$314,948
Mid DAYMARK WEALTH PARTNERS, LLC	4,942	$243,961
Small Regatta Research & Money Management	2,853	$140,838

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Micro Willow Financial LLC	117,411	$5,264,709
Mega CITADEL ADVISORS LLC	70,604	$3,165,883
Large &PARTNERS	4,813	$215,814
Large CWM, LLC	1,770	$79,366
Mega FMR LLC	37	$1,659

Filter: New 8 Increased 19 Reduced 22 Sold out 5 Unchanged 15

Showing 64 of 64

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Davis Selected Advisers

$105,180,327

32.71%

2,130,666

MORGAN STANLEY

$41,051,291

12.77%

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

11.36%

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

LPL Financial LLC

$19,093,838

5.94%

386,789

BANK OF AMERICA CORP /DE/

$18,399,963

5.72%

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

Beacon Harbor Wealth Advisors, Inc.

$14,453,232

4.50%

292,783

ENVESTNET ASSET MANAGEMENT INC

$6,956,120

2.16%

140,912

TRUIST FINANCIAL CORP

$6,878,371

2.14%

139,337

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.	139,337	$6,878,371	100.0%	Defined

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

$6,581,193

2.05%

133,317

ROYAL BANK OF CANADA

$6,413,945

1.99%

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

HighTower Advisors, LLC

$6,174,771

1.92%

125,084

UBS Group AG

$5,429,755

1.69%

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

1.35%

87,892

Next Level Private LLC

$3,997,133

1.24%

80,971

D.A. DAVIDSON & CO.

$3,745,717

1.16%

75,878

ARKANSAS FINANCIAL GROUP, INC.

$3,445,775

1.07%

69,802

Inspire Advisors, LLC

$3,211,637

1.00%

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

0.80%

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

Kestra Advisory Services, LLC

$2,337,136

0.73%

47,344

JANE STREET GROUP, LLC

$2,335,606

0.73%

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

0.50%

32,314

Hilltop Holdings Inc.

$1,554,108

0.48%

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

Envestnet Portfolio Solutions, Inc.

$1,398,164

0.43%

28,323

OSAIC HOLDINGS, INC.

$1,370,619

0.43%

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

SUMMIT WEALTH GROUP LLC / CO

$1,116,389

0.35%

22,615

SITTNER & NELSON, LLC

$1,097,532

0.34%

22,233

Janney Montgomery Scott LLC

$1,063,766

0.33%

21,549

Geneos Wealth Management Inc.

$1,030,000

0.32%

20,865

COMMONWEALTH EQUITY SERVICES, LLC

$1,014,253

0.32%

20,546

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$998,851

0.31%

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

J.W. COLE ADVISORS, INC.

$940,600

0.29%

19,054

Prospera Financial Services Inc

$884,768

0.28%

17,923

Atlas Wealth LLC

$831,652

0.26%

16,847

STIFEL FINANCIAL CORP

$769,106

0.24%

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

DAVENPORT & Co LLC

$766,243

0.24%

15,522

Rockefeller Capital Management L.P.

$696,540

0.22%

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

Melone Private Wealth, LLC

$554,122

0.17%

11,225

Strategic Wealth Investment Group, LLC

$549,185

0.17%

11,125

Kovack Advisors, Inc.

$464,919

0.14%

9,418

CAPTRUST FINANCIAL ADVISORS

$398,622

0.12%

8,075

Modern Wealth Management, LLC

$360,759

0.11%

7,308

Private Advisor Group, LLC

$341,901

0.11%

6,926

Ameritas Advisory Services, LLC

$314,948

0.10%

6,380

FLAGSHIP HARBOR ADVISORS, LLC

$302,064

0.09%

6,119

Carson Advisory Inc.

$271,507

0.08%

5,500

Diligent Investors, LLC

$268,841

0.08%

5,446

FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC.

$254,920

0.08%

5,164

DAYMARK WEALTH PARTNERS, LLC

$243,961

0.08%

4,942

MERCER GLOBAL ADVISORS INC /ADV

$230,238

0.07%

4,664

Millstone Evans Group, LLC

$162,904

0.05%

3,300

Regatta Research & Money Management

$140,838

0.04%

2,853

Key Financial Inc

$123,264

0.04%

2,497

Capital Investment Advisory Services, LLC

$77,848

0.02%

1,577

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

$47,834

0.01%

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

FIFTH THIRD BANCORP

$42,750

0.01%

866

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	$42,750	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

PNC FINANCIAL SERVICES GROUP, INC.

$17,228

0.01%

349

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	$17,228	100.0%	Defined

IFG Advisory, LLC

$13,427

0.00%

272

Decker Retirement Planning Inc.

$12,785

0.00%

259

Central Pacific Bank - Trust Division

$3,949

0.00%

FLAGSHIP WEALTH ADVISORS, LLC

$987

0.00%

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
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
STRATEGIC ADVISERS LLC	37	$1,659	100.0%	Defined