DAVIS FUNDAMENTAL ETF TR DFNL
SELECT FINL · ETP · CUSIP 23908L108
39
institutional holders
-3 vs Q4 2022
4.3m
shares reported held*
$110.8mreported value*
2 new
13 added
18 reduced
4 sold out
net sold ≈ $1.6m (-30.9k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $25.77.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 41 |
| Q4 2022 | 42 |
| Q1 2023 | 39 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 19 | 19 |
| Q1 2023 | 15 | 22 |
Biggest buyers
| Davis Selected Advisers | Added | +32.0k |
| Andesa Financial Management Inc. | Added | +32.0k |
| JANE STREET GROUP, LLC | Added | +28.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +28.3k |
| LPL Financial LLC | Added | +13.4k |
| BANK OF AMERICA CORP /DE/ | Added | +5.2k |
| COMMONWEALTH EQUITY SERVICES, LLC | Added | +3.0k |
| Janney Montgomery Scott LLC | Added | +1.6k |
| WELLS FARGO & COMPANY/MN | Added | +582 |
| Prospera Financial Services Inc | Added | +506 |
Biggest sellers
| TRUIST FINANCIAL CORP | Sold out | -115.5k |
| MORGAN STANLEY | Reduced | -27.7k |
| FLOW TRADERS U.S. LLC | Sold out | -10.1k |
| UBS Group AG | Reduced | -6.5k |
| ROYAL BANK OF CANADA | Reduced | -3.9k |
| Baird Financial Group, Inc. | Reduced | -2.1k |
| BENJAMIN F. EDWARDS & COMPANY, INC. | Reduced | -1.8k |
| Stratos Wealth Partners, LTD. | Reduced | -1.3k |
| SITTNER & NELSON, LLC | Reduced | -1.3k |
| DAVENPORT & Co LLC | Reduced | -1.1k |
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| Davis Selected Advisers 0.36% of their portfolio | 2.1m $54.8m | Added +32.0k |
| MORGAN STANLEY 0.00% of their portfolio | 762.3k $19.8m | Reduced -27.7k |
| LPL Financial LLC 0.00% of their portfolio | 222.1k $5.8m | Added +13.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 178.3k $4.6m | Added +5.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 142.6k $3.7m | Added +28.9k |
| UBS Group AG 0.00% of their portfolio | 113.0k $2.9m | Reduced -6.5k |
| D.A. DAVIDSON & CO. 0.03% of their portfolio | 88.6k $2.3m | Added +10 |
| Next Level Private LLC 1.65% of their portfolio | 80.8k $2.1m | Reduced -180 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 79.1k $2.1m | Added +3.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 75.6k $2.0m | Reduced -3.9k |
| Andesa Financial Management Inc. 0.50% of their portfolio | 70.1k $975.5k | Added +32.0k |
| Stratos Wealth Partners, LTD. 0.04% of their portfolio | 53.1k $1.4m | Reduced -1.3k |
| Atlas Wealth LLC 0.20% of their portfolio | 39.9k $1.0m | Reduced -695 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 34.6k $899.6k | Reduced -1.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 28.3k $734.8k | New |
| SITTNER & NELSON, LLC 0.37% of their portfolio | 24.9k $646.3k | Reduced -1.3k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 24.6k $639.3k | Reduced -366 |
| Prospera Financial Services Inc 0.02% of their portfolio | 18.4k $477.5k | Added +506 |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 17.1k $444.0k | Reduced -661 |
| J.W. COLE ADVISORS, INC. 0.03% of their portfolio | 16.8k $436.8k | Reduced -635 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 15.6k $405.5k | Reduced -200 |
| ARKANSAS FINANCIAL GROUP, INC. 0.08% of their portfolio | 14.6k $379.1k | Reduced -40 |
| Diligent Investors, LLC 0.10% of their portfolio | 11.9k $309.5k | Reduced -250 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 11.7k $304.0k | Added +1.6k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 11.1k $288.2k | Unchanged |
| DAVENPORT & Co LLC 0.00% of their portfolio | 10.9k $283.3k | Reduced -1.1k |
| Geneos Wealth Management Inc. 0.02% of their portfolio | 10.9k $282.6k | Added +19 |
| Ameritas Advisory Services, LLC 0.01% of their portfolio | 9.6k $255.5k | Added +244 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 8.2k $213.3k | Reduced -2.1k |
| Key Financial Inc 0.03% of their portfolio | 3.6k $92.8k | Unchanged |
| Kathleen S. Wright Associates Inc. 0.05% of their portfolio | 3.1k $81.1k | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.01% of their portfolio | 2.5k $66.0k | Added +150 |
| Ameliora Wealth Management Ltd. 0.04% of their portfolio | 2.5k $64.5k | Unchanged |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio | 931 $24.0k | Reduced -1.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 758 $19.7k | Added +582 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 723 $18.8k | Reduced -300 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 267 $6.9k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 31 $805 | New |
| Belpointe Asset Management LLC 0.00% of their portfolio | 12 $312 | Unchanged |