DAVIS FUNDAMENTAL ETF TR DFNL
SELECT FINL · ETP · CUSIP 23908L108
35
institutional holders
-3 vs Q2 2023
4.1m
shares reported held*
$108.7mreported value*
1 new
6 added
14 reduced
4 sold out
net sold ≈ $2.8m (-103.5k 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 ≈ $26.75. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 41 |
| Q4 2022 | 42 |
| Q1 2023 | 39 |
| Q2 2023 | 38 |
| Q3 2023 | 35 |
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 |
| Q3 2023 | 7 | 18 |
Biggest buyers
| CITADEL ADVISORS LLC | New | +16.7k |
| OSAIC HOLDINGS, INC. | Added | +5.7k |
| MORGAN STANLEY | Added | +846 |
| ROYAL BANK OF CANADA | Added | +350 |
| Janney Montgomery Scott LLC | Added | +300 |
| Prospera Financial Services Inc | Added | +168 |
| Geneos Wealth Management Inc. | Added | +2 |
Biggest sellers
| MERCER GLOBAL ADVISORS INC /ADV | Reduced | -32.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -30.1k |
| RAYMOND JAMES & ASSOCIATES | Reduced | -14.4k |
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -10.1k |
| MML INVESTORS SERVICES, LLC | Sold out | -10.0k |
| Rockefeller Capital Management L.P. | Sold out | -8.8k |
| UBS Group AG | Reduced | -7.4k |
| JANE STREET GROUP, LLC | Reduced | -7.2k |
| SITTNER & NELSON, LLC | Reduced | -2.3k |
| D.A. DAVIDSON & CO. | Reduced | -910 |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| Davis Selected Advisers 0.35% of their portfolio | 2.1m $56.5m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 762.0k $20.4m | Added +846 |
| LPL Financial LLC 0.00% of their portfolio | 220.3k $5.9m | Reduced -761 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 189.7k $5.1m | Reduced -506 |
| UBS Group AG 0.00% of their portfolio | 103.9k $2.8m | Reduced -7.4k |
| D.A. DAVIDSON & CO. 0.02% of their portfolio | 86.0k $2.3m | Reduced -910 |
| Next Level Private LLC 1.41% of their portfolio | 80.8k $2.1m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 72.8k $1.9m | Added +350 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 68.0k $1.8m | Reduced -10.1k |
| Stratos Wealth Partners, LTD. 0.03% of their portfolio | 52.0k $1.4m | Reduced -413 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 40.5k $1.1m | Added +5.7k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 34.9k $933.0k | Reduced -32.9k |
| Atlas Wealth LLC 0.14% of their portfolio | 28.5k $763.5k | Unchanged |
| SITTNER & NELSON, LLC 0.33% of their portfolio | 21.4k $573.4k | Reduced -2.3k |
| HighTower Advisors, LLC 0.00% of their portfolio | 18.3k $489.0k | Unchanged |
| Prospera Financial Services Inc 0.02% of their portfolio | 18.2k $485.9k | Added +168 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 16.7k $446.0k | New |
| J.W. COLE ADVISORS, INC. 0.03% of their portfolio | 16.2k $434.1k | Reduced -905 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 14.8k $396.6k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 14.7k $392.9k | Reduced -7.2k |
| ARKANSAS FINANCIAL GROUP, INC. 0.08% of their portfolio | 14.6k $390.8k | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 13.0k $346.7k | Reduced -14.4k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 12.3k $329.0k | Added +300 |
| Diligent Investors, LLC 0.09% of their portfolio | 11.6k $309.1k | Reduced -350 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 11.1k $297.1k | Unchanged |
| DAVENPORT & Co LLC 0.00% of their portfolio | 10.8k $290.4k | Reduced -14 |
| Geneos Wealth Management Inc. 0.01% of their portfolio | 9.9k $265.9k | Added +2 |
| Kathleen S. Wright Associates Inc. 0.05% of their portfolio | 3.1k $83.6k | Unchanged |
| Key Financial Inc 0.02% of their portfolio | 2.7k $72.4k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 723 $19.3k | Unchanged |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio | 400 $11.0k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 267 $7.1k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 155 $4.1k | Reduced -603 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 31 $830 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |