DAVIS FUNDAMENTAL ETF TR DFNL
SELECT FINL · ETP · CUSIP 23908L108
42
institutional holders
+7 vs Q3 2023
5.1m
shares reported held*
$155.7mreported value*
7 new
9 added
16 reduced
1 sold out
net bought ≈ $32.8m (+1.1m 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 ≈ $30.25. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q4 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 |
| Q4 2023 | 42 |
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 |
| Q4 2023 | 16 | 17 |
Biggest buyers
| MORGAN STANLEY | Added | +706.9k |
| Beacon Harbor Wealth Advisors, Inc. | New | +318.6k |
| HighTower Advisors, LLC | Added | +42.8k |
| Davis Selected Advisers | Added | +25.9k |
| Bank of New York Mellon Corp | New | +24.5k |
| JANE STREET GROUP, LLC | Added | +12.1k |
| Rockefeller Capital Management L.P. | New | +10.2k |
| ENVESTNET ASSET MANAGEMENT INC | New | +9.6k |
| FLAGSHIP HARBOR ADVISORS, LLC | New | +7.2k |
| Prospera Financial Services Inc | Added | +4.3k |
Biggest sellers
| CITADEL ADVISORS LLC | Sold out | -16.7k |
| ROYAL BANK OF CANADA | Reduced | -14.1k |
| LPL Financial LLC | Reduced | -13.1k |
| MERCER GLOBAL ADVISORS INC /ADV | Reduced | -8.0k |
| OSAIC HOLDINGS, INC. | Reduced | -7.0k |
| UBS Group AG | Reduced | -6.2k |
| D.A. DAVIDSON & CO. | Reduced | -5.2k |
| RAYMOND JAMES & ASSOCIATES | Reduced | -2.8k |
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -2.7k |
| SITTNER & NELSON, LLC | Reduced | -1.2k |
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, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| Davis Selected Advisers 0.37% of their portfolio | 2.1m $64.7m | Added +25.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $44.5m | Added +706.9k |
| Beacon Harbor Wealth Advisors, Inc. 2.80% of their portfolio | 318.6k $9.6m | New |
| LPL Financial LLC 0.00% of their portfolio | 207.3k $6.3m | Reduced -13.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 191.2k $5.8m | Added +1.5k |
| UBS Group AG 0.00% of their portfolio | 97.7k $3.0m | Reduced -6.2k |
| Next Level Private LLC 1.39% of their portfolio | 81.0k $2.5m | Added +235 |
| D.A. DAVIDSON & CO. 0.02% of their portfolio | 80.8k $2.4m | Reduced -5.2k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 65.3k $2.0m | Reduced -2.7k |
| HighTower Advisors, LLC 0.00% of their portfolio | 61.2k $1.8m | Added +42.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 58.6k $1.8m | Reduced -14.1k |
| Stratos Wealth Partners, LTD. 0.03% of their portfolio | 51.5k $1.6m | Reduced -456 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 33.5k $1.0m | Reduced -7.0k |
| Atlas Wealth LLC 0.42% of their portfolio | 28.5k $763.5k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 26.9k $813.0k | Reduced -8.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 26.7k $809.1k | Added +12.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 24.5k $741.8k | New |
| Prospera Financial Services Inc 0.02% of their portfolio | 22.5k $681.1k | Added +4.3k |
| SITTNER & NELSON, LLC 0.33% of their portfolio | 20.2k $612.4k | Reduced -1.2k |
| J.W. COLE ADVISORS, INC. 0.03% of their portfolio | 16.2k $490.9k | Unchanged |
| ARKANSAS FINANCIAL GROUP, INC. 0.08% of their portfolio | 14.5k $439.0k | Reduced -98 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 14.3k $431.9k | Reduced -550 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 11.5k $348.0k | Reduced -781 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 11.1k $336.0k | Unchanged |
| Diligent Investors, LLC 0.09% of their portfolio | 10.7k $323.6k | Reduced -860 |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 10.2k $310.2k | New |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 10.1k $307.0k | Reduced -2.8k |
| Geneos Wealth Management Inc. 0.01% of their portfolio | 9.9k $300.7k | Reduced -2 |
| DAVENPORT & Co LLC 0.00% of their portfolio | 9.8k $296.8k | Reduced -1.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 9.6k $291.1k | New |
| FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio | 7.2k $216.8k | New |
| Kathleen S. Wright Associates Inc. 0.05% of their portfolio | 3.1k $94.6k | Unchanged |
| Key Financial Inc 0.02% of their portfolio | 2.7k $81.9k | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 821 $24.9k | New |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 723 $21.9k | Unchanged |
| WETZEL INVESTMENT ADVISORS, INC. 0.01% of their portfolio | 470 $14.0k | First filing |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio | 400 $12.0k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 301 $9.1k | Added +146 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 267 $8.1k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 62 $1.9k | Added +31 |
| FMR LLC 0.00% of their portfolio | 1 $30 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |