DAVIS FUNDAMENTAL ETF TR DFNL
SELECT FINL · ETP · CUSIP 23908L108
38
institutional holders
-1 vs Q1 2023
4.2m
shares reported held*
$113.0mreported value*
3 new
6 added
19 reduced
4 sold out
net sold ≈ $2.0m (-74.0k 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 ≈ $27.12. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 41 |
| Q4 2022 | 42 |
| Q1 2023 | 39 |
| Q2 2023 | 38 |
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 |
| Q2 2023 | 9 | 23 |
Biggest buyers
| MERCER GLOBAL ADVISORS INC /ADV | New | +67.8k |
| HighTower Advisors, LLC | New | +18.3k |
| BANK OF AMERICA CORP /DE/ | Added | +11.9k |
| RAYMOND JAMES & ASSOCIATES | Added | +2.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +1.8k |
| J.W. COLE ADVISORS, INC. | Added | +300 |
| Janney Montgomery Scott LLC | Added | +290 |
| OSAIC HOLDINGS, INC. | Added | +120 |
| Financial Gravity Asset Management, Inc. | New | +27 |
Biggest sellers
| JANE STREET GROUP, LLC | Reduced | -120.7k |
| Atlas Wealth LLC | Reduced | -11.4k |
| Ameritas Advisory Services, LLC | Sold out | -9.6k |
| Baird Financial Group, Inc. | Sold out | -8.2k |
| MML INVESTORS SERVICES, LLC | Reduced | -7.1k |
| ROYAL BANK OF CANADA | Reduced | -3.1k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Reduced | -2.5k |
| Ameliora Wealth Management Ltd. | Sold out | -2.5k |
| UBS Group AG | Reduced | -1.7k |
| D.A. DAVIDSON & CO. | Reduced | -1.6k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | New | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | New | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Davis Selected Advisers 0.35% of their portfolio | 2.1m $57.3m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 761.2k $20.6m | Reduced -1.1k |
| LPL Financial LLC 0.00% of their portfolio | 221.1k $6.0m | Reduced -1.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 190.2k $5.2m | Added +11.9k |
| UBS Group AG 0.00% of their portfolio | 111.3k $3.0m | Reduced -1.7k |
| D.A. DAVIDSON & CO. 0.02% of their portfolio | 86.9k $2.4m | Reduced -1.6k |
| Next Level Private LLC 1.41% of their portfolio | 80.8k $2.2m | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 78.1k $2.1m | Reduced -1.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 72.4k $2.0m | Reduced -3.1k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 67.8k $1.8m | New |
| Stratos Wealth Partners, LTD. 0.03% of their portfolio | 52.4k $1.4m | Reduced -702 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 34.8k $942.7k | Added +120 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 30.1k $816.5k | Added +1.8k |
| Atlas Wealth LLC 0.15% of their portfolio | 28.5k $807.2k | Reduced -11.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 27.4k $741.7k | Added +2.7k |
| SITTNER & NELSON, LLC 0.35% of their portfolio | 23.7k $642.4k | Reduced -1.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 21.9k $593.8k | Reduced -120.7k |
| HighTower Advisors, LLC 0.00% of their portfolio | 18.3k $498.0k | New |
| Prospera Financial Services Inc 0.02% of their portfolio | 18.0k $487.8k | Reduced -403 |
| J.W. COLE ADVISORS, INC. 0.03% of their portfolio | 17.1k $464.3k | Added +300 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 14.8k $401.8k | Reduced -800 |
| ARKANSAS FINANCIAL GROUP, INC. 0.08% of their portfolio | 14.6k $395.9k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 12.0k $325.0k | Added +290 |
| Diligent Investors, LLC 0.10% of their portfolio | 11.9k $322.7k | Reduced -20 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 11.1k $301.0k | Unchanged |
| DAVENPORT & Co LLC 0.00% of their portfolio | 10.9k $294.6k | Reduced -46 |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 10.0k $270.0k | Reduced -7.1k |
| Geneos Wealth Management Inc. 0.01% of their portfolio | 9.9k $269.4k | Reduced -953 |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 8.8k $238.4k | First filing |
| Kathleen S. Wright Associates Inc. 0.05% of their portfolio | 3.1k $84.7k | Unchanged |
| Key Financial Inc 0.02% of their portfolio | 2.7k $73.3k | Reduced -871 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 758 $20.6k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 723 $19.6k | Unchanged |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio | 400 $11.0k | Reduced -531 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 267 $7.2k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 31 $841 | Unchanged |
| Financial Gravity Asset Management, Inc. 0.00% of their portfolio | 27 $124 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Reduced -2.5k |