Vault-13

DAVIS FUNDAMENTAL ETF TR DFNL

SELECT FINL · ETP · CUSIP 23908L108

64 institutional holders +3 vs Q1 2026
6,512,2416.5m shares reported held*
$322.0mreported value*
7 new 19 added 22 reduced 3 sold out net sold ≈ $18.6m (-376.0k 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 ($47.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.45.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 41Q4 22: 42Q1 23: 39Q2 23: 38Q3 23: 35Q4 23: 42Q1 24: 45Q2 24: 44Q3 24: 45Q4 24: 46Q1 25: 47Q2 25: 50Q3 25: 46Q4 25: 55Q1 26: 61Q2 26: 6464Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202241
Q4 202242
Q1 202339
Q2 202338
Q3 202335
Q4 202342
Q1 202445
Q2 202444
Q3 202445
Q4 202446
Q1 202547
Q2 202550
Q3 202546
Q4 202555
Q1 202661
Q2 202664

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 19 bought or addedQ3 24: 15 cut or sold outQ4 24: 22 bought or addedQ4 24: 13 cut or sold outQ4 24Q1 25: 19 bought or addedQ1 25: 16 cut or sold outQ2 25: 17 bought or addedQ2 25: 22 cut or sold outQ2 25Q3 25: 16 bought or addedQ3 25: 22 cut or sold outQ4 25: 35 bought or addedQ4 25: 13 cut or sold outQ4 25Q1 26: 34 bought or addedQ1 26: 16 cut or sold outQ2 26: 26 bought or addedQ2 26: 25 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241915
Q4 20242213
Q1 20251916
Q2 20251722
Q3 20251622
Q4 20253513
Q1 20263416
Q2 20262625

Biggest buyers

Beacon Harbor Wealth Advisors, Inc. New +292,783+292.8k
BANK OF AMERICA CORP /DE/ Added +163,204+163.2k
FLOW TRADERS U.S. LLC New +32,314+32.3k
UBS Group AG Added +12,053+12.1k
Envestnet Portfolio Solutions, Inc. Added +9,816+9.8k
ARKANSAS FINANCIAL GROUP, INC. Added +8,339+8.3k
Hilltop Holdings Inc. Added +6,953+7.0k
Ameritas Advisory Services, LLC New +6,380+6.4k
DAYMARK WEALTH PARTNERS, LLC New +4,942+4.9k
Inspire Advisors, LLC Added +3,393+3.4k

Biggest sellers

Thrivent Financial for Lutherans Reduced -684,955-685.0k
CITADEL ADVISORS LLC Sold out -70,604-70.6k
JANE STREET GROUP, LLC Reduced -68,185-68.2k
RAYMOND JAMES FINANCIAL INC Reduced -31,001-31.0k
LPL Financial LLC Reduced -28,782-28.8k
MORGAN STANLEY Reduced -20,112-20.1k
&PARTNERS Sold out -4,813-4.8k
Janney Montgomery Scott LLC Reduced -3,423-3.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -3,418-3.4k
MERCER GLOBAL ADVISORS INC /ADV Reduced -3,053-3.1k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Davis Selected Advisers 0.45% of their portfolio Tucson, AZ 2,130,6662.1m $105.2m $105.2m 0.45% Unchanged
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 831,587831.6k $41.1m $41.1m 0.00% Reduced -20.1k -20,112
3 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 739,792739.8k $36.5m $36.5m 0.06% Reduced -685.0k -684,955
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 386,789386.8k $19.1m $19.1m 0.00% Reduced -28.8k -28,782
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 372,733372.7k $18.4m $18.4m 0.00% Added +163.2k +163,204
6 Beacon Harbor Wealth Advisors, Inc. 2.93% of their portfolio VIRGINIA BEACH, VA 292,783292.8k $15.0m $15.0m 2.93% New
7 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 140,912140.9k $7.0m $7.0m 0.00% Reduced -943 -943
8 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 139,337139.3k $6.9m $6.9m 0.01% Added +388 +388
9 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 133,317133.3k $6.6m $6.6m 0.00% Added +2.5k +2,457
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 129,929129.9k $6.4m $6.4m 0.00% Added +3.0k +2,954
11 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 125,084125.1k $6.2m $6.2m 0.01% Reduced -1.8k -1,783
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 109,992110.0k $5.4m $5.4m 0.00% Added +12.1k +12,053
13 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 87,89287.9k $4.3m $4.3m 0.02% Reduced -1.5k -1,488
14 Next Level Private LLC 0.78% of their portfolio HARRISON, NY 80,97181.0k $4.0m $4.0m 0.78% Reduced -752 -752
15 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 75,87875.9k $3.7m $3.7m 0.02% Reduced -2.4k -2,375
16 ARKANSAS FINANCIAL GROUP, INC. 0.45% of their portfolio LITTLE ROCK, AR 69,80269.8k $3.4m $3.4m 0.45% Added +8.3k +8,339
17 Inspire Advisors, LLC 0.22% of their portfolio Meridian, ID 65,05965.1k $3.2m $3.2m 0.22% Added +3.4k +3,393
18 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 51,94751.9k $2.6m $2.6m 0.00% Reduced -31.0k -31,001
19 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 47,34447.3k $2.3m $2.3m 0.01% Added +1.5k +1,484
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 47,31347.3k $2.3m $2.3m 0.00% Reduced -68.2k -68,185
21 FLOW TRADERS U.S. LLC 0.07% of their portfolio NEW YORK, NY 32,31432.3k $1.6m $1.6m 0.07% New
22 Hilltop Holdings Inc. 0.13% of their portfolio DALLAS, TX 31,48231.5k $1.6m $1.6m 0.13% Added +7.0k +6,953
23 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 28,32328.3k $1.4m $1.4m 0.01% Added +9.8k +9,816
24 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 27,76527.8k $1.4m $1.4m 0.00% Reduced -925 -925
25 SUMMIT WEALTH GROUP LLC / CO 0.09% of their portfolio COLORADO SPRINGS, CO 22,61522.6k $1.1m $1.1m 0.09% Reduced -200 -200
26 SITTNER & NELSON, LLC 0.35% of their portfolio EUGENE, OR 22,23322.2k $1.1m $1.1m 0.35% Added +2.0k +2,000
27 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 21,54921.5k $1.1m $1.1m 0.00% Reduced -3.4k -3,423
28 Geneos Wealth Management Inc. 0.02% of their portfolio ENGLEWOOD, CO 20,86520.9k $1.0m $1.0m 0.02% Reduced -1 -1
29 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 20,54620.5k $1.0m $1.0m 0.00% Reduced -2.6k -2,638
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,23420.2k $998.9k $998.9k 0.00% Reduced -3.4k -3,418
31 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 19,05419.1k $940.6k $940.6k 0.02% Reduced -2.0k -2,050
32 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 17,92317.9k $884.8k $884.8k 0.01% Added +158 +158
33 Atlas Wealth LLC 0.12% of their portfolio CINCINNATI, OH 16,84716.8k $831.7k $831.7k 0.12% Unchanged
34 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 15,58015.6k $769.1k $769.1k 0.00% Added +210 +210
35 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 15,52215.5k $766.2k $766.2k 0.00% Added +3.2k +3,214
36 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 14,11014.1k $696.6k $696.6k 0.00% Added +225 +225
37 Melone Private Wealth, LLC 0.21% of their portfolio AUBURN HILLS, MI 11,22511.2k $554.1k $554.1k 0.21% Reduced -300 -300
38 Strategic Wealth Investment Group, LLC 0.07% of their portfolio LOUISVILLE, KY 11,12511.1k $549.2k $549.2k 0.07% Added +1.7k +1,706
39 Kovack Advisors, Inc. 0.02% of their portfolio FT. LAUDERDALE, FL 9,4189.4k $465.0k $465.0k 0.02% Reduced -17 -17
40 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 8,0758.1k $398.6k $398.6k 0.00% Unchanged
41 Modern Wealth Management, LLC 0.00% of their portfolio KANSAS CITY, MO 7,3087.3k $360.8k $360.8k 0.00% Unchanged
42 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 6,9266.9k $341.9k $341.9k 0.00% Added +1.9k +1,918
43 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 6,3806.4k $314.9k $314.9k 0.01% New
44 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 6,1196.1k $302.1k $302.1k 0.01% Unchanged
45 Carson Advisory Inc. 0.12% of their portfolio ATHENS, GA 5,5005.5k $271.5k $271.5k 0.12% Unchanged
46 Diligent Investors, LLC 0.06% of their portfolio REDLANDS, CA 5,4465.4k $268.9k $268.9k 0.06% Unchanged
47 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.12% of their portfolio SALINE, MI 5,1645.2k $254.9k $254.9k 0.12% Added +89 +89
48 DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio CINCINNATI, OH 4,9424.9k $244.0k $244.0k 0.01% New
49 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 4,6644.7k $230.2k $230.2k 0.00% Reduced -3.1k -3,053
50 Millstone Evans Group, LLC 0.09% of their portfolio BOULDER, CO 3,3003.3k $162.9k $162.9k 0.09% Unchanged
51 Regatta Research & Money Management 0.13% of their portfolio METAIRIE, LA 2,8532.9k $140.8k $140.8k 0.13% First filing
52 Key Financial Inc 0.02% of their portfolio WEST CHESTER, PA 2,4972.5k $123.3k $123.3k 0.02% Unchanged
53 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 1,5771.6k $77.8k $77.8k 0.00% Unchanged
54 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 969969 $47.8k $47.8k 0.00% Reduced -1.6k -1,579
55 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 866866 $42.8k $42.8k 0.00% Unchanged
56 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 715715 $35.3k $35.3k 0.00% Unchanged
57 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 623623 $30.8k $30.8k 0.00% Reduced -100 -100
58 Coston, McIsaac & Partners 0.00% of their portfolio BAR HARBOR, ME 448448 $22.0k $22.0k 0.00% Unchanged
59 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 349349 $17.2k $17.2k 0.00% Unchanged
60 IFG Advisory, LLC 0.00% of their portfolio ATLANTA, GA 272272 $13.4k $13.4k 0.00% New
61 Decker Retirement Planning Inc. 0.00% of their portfolio LEVI, UT 259259 $12.8k $12.8k 0.00% New
62 Central Pacific Bank - Trust Division 0.00% of their portfolio HONOLULU, HI 8080 $3.9k $3.9k 0.00% Unchanged
63 FLAGSHIP WEALTH ADVISORS, LLC 0.00% of their portfolio WAKEFIELD, MA 2020 $987 $987 0.00% New
64 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $46 $46 0.00% Added +1 +1