Vault-13

DAVIS FUNDAMENTAL ETF TR DFNL

SELECT FINL · ETP · CUSIP 23908L108

47 institutional holders +1 vs Q4 2024
4,950,4325.0m shares reported held*
$194.3mreported value*
4 new 15 added 13 reduced 3 sold out net bought ≈ $17.5m (+446.3k 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 ≈ $39.25. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 41Q4 22: 42Q1 23: 39Q2 23: 38Q3 23: 35Q4 23: 42Q1 24: 45Q2 24: 44Q3 24: 45Q4 24: 46Q1 25: 4747Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202241
Q4 202242
Q1 202339
Q2 202338
Q3 202335
Q4 202342
Q1 202445
Q2 202444
Q3 202445
Q4 202446
Q1 202547

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q2 23: 9 bought or addedQ2 23: 23 cut or sold outQ3 23: 7 bought or addedQ3 23: 18 cut or sold outQ3 23Q4 23: 16 bought or addedQ4 23: 17 cut or sold outQ1 24: 17 bought or addedQ1 24: 20 cut or sold outQ1 24Q2 24: 12 bought or addedQ2 24: 21 cut or sold outQ3 24: 19 bought or addedQ3 24: 15 cut or sold outQ3 24Q4 24: 22 bought or addedQ4 24: 13 cut or sold outQ1 25: 19 bought or addedQ1 25: 16 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023923
Q3 2023718
Q4 20231617
Q1 20241720
Q2 20241221
Q3 20241915
Q4 20242213
Q1 20251916

Biggest buyers

Axiom Financial Strategies, LLC New +129,844+129.8k
MORGAN STANLEY Added +95,738+95.7k
UBS Group AG Added +80,566+80.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +63,897+63.9k
Geneos Wealth Management Inc. Added +23,717+23.7k
CITADEL ADVISORS LLC New +23,521+23.5k
LPL Financial LLC Added +20,578+20.6k
BANK OF AMERICA CORP /DE/ Added +14,345+14.3k
GWN SECURITIES INC. New +13,783+13.8k
J.W. COLE ADVISORS, INC. Added +12,570+12.6k

Biggest sellers

GTS SECURITIES LLC Sold out -19,302-19.3k
JANE STREET GROUP, LLC Reduced -15,651-15.7k
STIFEL FINANCIAL CORP Reduced -10,346-10.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -7,000-7.0k
MERCER GLOBAL ADVISORS INC /ADV Reduced -7,000-7.0k
RAYMOND JAMES FINANCIAL INC Reduced -3,029-3.0k
HighTower Advisors, LLC Reduced -2,198-2.2k
Ameritas Advisory Services, LLC Reduced -1,823-1.8k
CWM, LLC Reduced -733-733
ROYAL BANK OF CANADA Reduced -471-471

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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Davis Selected Advisers 0.48% of their portfolio Tucson, AZ 2,129,8602.1m $83.7m $83.7m 0.48% Added +595 +595
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 951,054951.1k $37.4m $37.4m 0.00% Added +95.7k +95,738
3 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 325,696325.7k $12.8m $12.8m 0.00% Added +20.6k +20,578
4 UBS Group AG 0.00% of their portfolio ZURICH, V8 165,295165.3k $6.5m $6.5m 0.00% Added +80.6k +80,566
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 161,925161.9k $6.4m $6.4m 0.00% Added +14.3k +14,345
6 Axiom Financial Strategies, LLC 3.02% of their portfolio NEW ALBANY, IN 129,844129.8k $5.1m $5.1m 3.02% New
7 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 126,887126.9k $5.0m $5.0m 0.01% Reduced -2.2k -2,198
8 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 106,290106.3k $4.2m $4.2m 0.00% Reduced -10.3k -10,346
9 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 83,52883.5k $3.3m $3.3m 0.02% Added +4.8k +4,838
10 Next Level Private LLC 1.22% of their portfolio HARRISON, NY 83,02683.0k $3.3m $3.3m 1.22% Unchanged
11 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 79,47179.5k $3.1m $3.1m 0.03% Added +3.4k +3,400
12 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 72,96073.0k $2.9m $2.9m 0.00% Added +4.6k +4,596
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 66,99367.0k $2.6m $2.6m 0.00% Added +63.9k +63,897
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 56,82556.8k $2.2m $2.2m 0.00% Reduced -471 -471
15 ARKANSAS FINANCIAL GROUP, INC. 0.26% of their portfolio LITTLE ROCK, AR 41,70841.7k $1.5m $1.5m 0.26% Added +9.7k +9,727
16 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 37,77437.8k $1.5m $1.5m 0.00% Reduced -3.0k -3,029
17 Geneos Wealth Management Inc. 0.02% of their portfolio ENGLEWOOD, CO 33,20033.2k $1.3m $1.3m 0.02% Added +23.7k +23,717
18 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 24,87324.9k $977.2k $977.2k 0.00% Added +1.3k +1,329
19 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 24,68924.7k $969.8k $969.8k 0.03% Added +12.6k +12,570
20 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 23,52123.5k $923.9k $923.9k 0.00% New
21 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 21,40521.4k $840.8k $840.8k 0.02% Added +330 +330
22 Atlas Wealth LLC 0.31% of their portfolio CINCINNATI, OH 20,51220.5k $805.7k $805.7k 0.31% Unchanged
23 SITTNER & NELSON, LLC 0.34% of their portfolio EUGENE, OR 20,23320.2k $794.8k $794.8k 0.34% Unchanged
24 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 17,10017.1k $672.0k $672.0k 0.00% Reduced -150 -150
25 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 13,86413.9k $544.6k $544.6k 0.00% Reduced -15.7k -15,651
26 GWN SECURITIES INC. 0.03% of their portfolio Palm Beach Gardens, FL 13,78313.8k $563.6k $563.6k 0.03% New
27 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 12,05312.1k $473.4k $473.4k 0.00% Reduced -7.0k -7,000
28 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 11,73011.7k $460.8k $460.8k 0.00% Added +827 +827
29 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 11,54811.5k $453.6k $453.6k 0.00% Reduced -7.0k -7,000
30 Melone Private Wealth, LLC 0.22% of their portfolio AUBURN HILLS, MI 10,68010.7k $419.5k $419.5k 0.22% New
31 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 10,22010.2k $401.4k $401.4k 0.01% Unchanged
32 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 9,8509.8k $386.9k $386.9k 0.00% Unchanged
33 Diligent Investors, LLC 0.09% of their portfolio REDLANDS, CA 9,3399.3k $366.8k $366.8k 0.09% Reduced -300 -300
34 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 9,0219.0k $354.4k $354.4k 0.00% Reduced -436 -436
35 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 8,1638.2k $320.7k $320.7k 0.01% Reduced -1.8k -1,823
36 FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio BOSTON, MA 7,3197.3k $287.5k $287.5k 0.02% Unchanged
37 Carson Advisory Inc. 0.15% of their portfolio ATHENS, GA 5,5005.5k $216.0k $216.0k 0.15% Unchanged
38 Millstone Evans Group, LLC 0.09% of their portfolio BOULDER, CO 3,3003.3k $129.6k $129.6k 0.09% Unchanged
39 Kathleen S. Wright Associates Inc. 0.05% of their portfolio PITTSBURGH, PA 3,1253.1k $122.8k $122.8k 0.05% Unchanged
40 Key Financial Inc 0.02% of their portfolio WEST CHESTER, PA 2,7052.7k $106.3k $106.3k 0.02% Unchanged
41 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,3581.4k $53.3k $53.3k 0.00% Unchanged
42 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 723723 $28.4k $28.4k 0.00% Unchanged
43 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 715715 $27.4k $27.4k 0.00% Unchanged
44 CWM, LLC 0.00% of their portfolio OMAHA, NE 500500 $20.0k $20.0k 0.00% Reduced -733 -733
45 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 267267 $10.5k $10.5k 0.00% Unchanged
46 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $0 $0 0.00% Reduced -27 -27
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged