Vault-13

DAVIS FUNDAMENTAL ETF TR DUSA

SELECT US EQTY · ETP · CUSIP 23908L207

62 institutional holders -3 vs Q2 2025
13,630,01113.6m shares reported held*
$652.9mreported value*
5 new 24 added 16 reduced 6 sold out net bought ≈ $48.2m (+1.0m 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 ≈ $47.90.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 46Q4 22: 48Q1 23: 50Q2 23: 51Q3 23: 52Q4 23: 60Q1 24: 65Q2 24: 62Q3 24: 68Q4 24: 68Q1 25: 69Q2 25: 65Q3 25: 6262Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202246
Q4 202248
Q1 202350
Q2 202351
Q3 202352
Q4 202360
Q1 202465
Q2 202462
Q3 202468
Q4 202468
Q1 202569
Q2 202565
Q3 202562

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 30 bought or addedQ4 23: 24 cut or sold outQ1 24: 32 bought or addedQ1 24: 25 cut or sold outQ1 24Q2 24: 29 bought or addedQ2 24: 20 cut or sold outQ3 24: 32 bought or addedQ3 24: 28 cut or sold outQ3 24Q4 24: 34 bought or addedQ4 24: 27 cut or sold outQ1 25: 30 bought or addedQ1 25: 26 cut or sold outQ1 25Q2 25: 27 bought or addedQ2 25: 23 cut or sold outQ3 25: 29 bought or addedQ3 25: 22 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20233024
Q1 20243225
Q2 20242920
Q3 20243228
Q4 20243427
Q1 20253026
Q2 20252723
Q3 20252922

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +416,004+416.0k
Per Stirling Capital Management, LLC. New +251,394+251.4k
MORGAN STANLEY Added +180,989+181.0k
RAYMOND JAMES FINANCIAL INC Added +74,593+74.6k
UBS Group AG Added +67,456+67.5k
LPL Financial LLC Added +52,271+52.3k
WELLS FARGO & COMPANY/MN Added +39,752+39.8k
KESTRA PRIVATE WEALTH SERVICES, LLC Added +25,053+25.1k
Sanctuary Advisors, LLC Added +23,333+23.3k
STIFEL FINANCIAL CORP Added +22,871+22.9k

Biggest sellers

SUMMIT WEALTH GROUP LLC / CO Sold out -59,296-59.3k
Rockefeller Capital Management L.P. Reduced -48,376-48.4k
SILVER OAK SECURITIES, INCORPORATED Sold out -42,230-42.2k
Cambridge Investment Research Advisors, Inc. Reduced -30,369-30.4k
ENVESTNET ASSET MANAGEMENT INC Sold out -24,925-24.9k
ROYAL BANK OF CANADA Reduced -20,678-20.7k
WEDBUSH SECURITIES INC Sold out -7,624-7.6k
Waverly Advisors, LLC Reduced -6,371-6.4k
Corient Private Wealth LP Sold out -5,536-5.5k
Integrated Wealth Concepts LLC Reduced -5,349-5.3k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,148,4374.1m $198.7m $198.7m 0.01% Added +181.0k +180,989
2 Davis Selected Advisers 0.85% of their portfolio Tucson, AZ 3,383,3383.4m $162.1m $162.1m 0.85% Unchanged
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,041,9271.0m $49.9m $49.9m 0.00% Added +416.0k +416,004
4 Kestra Advisory Services, LLC 0.20% of their portfolio AUSTIN, TX 902,498902.5k $43.2m $43.2m 0.20% Added +13.2k +13,206
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 688,179688.2k $33.0m $33.0m 0.01% Added +52.3k +52,271
6 UBS Group AG 0.01% of their portfolio ZURICH, V8 547,889547.9k $26.2m $26.2m 0.01% Added +67.5k +67,456
7 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 400,513400.5k $19.2m $19.2m 0.01% Added +74.6k +74,593
8 Next Level Private LLC 4.74% of their portfolio HARRISON, NY 338,810338.8k $16.4m $16.4m 4.74% Added +20.8k +20,801
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 330,711330.7k $15.8m $15.8m 0.00% Added +39.8k +39,752
10 Per Stirling Capital Management, LLC. 1.44% of their portfolio AUSTIN, TX 251,394251.4k $12.0m $12.0m 1.44% New
11 Lunt Capital Management, Inc. 2.91% of their portfolio HOLLADAY, UT 159,113159.1k $7.6m $7.6m 2.91% Reduced -502 -502
12 KESTRA PRIVATE WEALTH SERVICES, LLC 0.09% of their portfolio AUSTIN, TX 150,429150.4k $7.2m $7.2m 0.09% Added +25.1k +25,053
13 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 150,218150.2k $7.2m $7.2m 0.01% Added +16.1k +16,084
14 LEVEL FOUR ADVISORY SERVICES, LLC 0.25% of their portfolio DALLAS, TX 149,882149.9k $7.2m $7.2m 0.25% Added +2.7k +2,714
15 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 142,238142.2k $6.8m $6.8m 0.04% Reduced -1.2k -1,163
16 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 131,656131.7k $6.3m $6.3m 0.01% Added +22.9k +22,871
17 Geneos Wealth Management Inc. 0.15% of their portfolio ENGLEWOOD, CO 121,480121.5k $5.8m $5.8m 0.15% Reduced -3.0k -3,001
18 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 52,47052.5k $2.5m $2.5m 0.00% Reduced -48.4k -48,376
19 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 46,11946.1k $2.1m $2.1m 0.01% Added +23.3k +23,333
20 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 40,09040.1k $1.9m $1.9m 0.01% Added +3.4k +3,398
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 37,54037.5k $1.8m $1.8m 0.00% Reduced -20.7k -20,678
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 31,27231.3k $1.5m $1.5m 0.00% Added +8.8k +8,801
23 CapWealth Advisors, LLC 0.09% of their portfolio FRANKLIN, TN 28,72128.7k $1.4m $1.4m 0.09% Reduced -1.6k -1,576
24 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 25,76225.8k $1.2m $1.2m 0.02% Added +939 +939
25 Melone Private Wealth, LLC 0.55% of their portfolio AUBURN HILLS, MI 25,57525.6k $1.2m $1.2m 0.55% Added +11.1k +11,063
26 Gladstone Institutional Advisory LLC 0.05% of their portfolio Bedminster, NJ 25,19225.2k $1.2m $1.2m 0.05% Reduced -599 -599
27 Lantz Financial LLC 0.26% of their portfolio NAPERVILLE, IL 24,26524.3k $1.2m $1.2m 0.26% Added +619 +619
28 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 24,12824.1k $1.2m $1.2m 0.00% Added +200 +200
29 Kathleen S. Wright Associates Inc. 0.41% of their portfolio PITTSBURGH, PA 23,22523.2k $1.1m $1.1m 0.41% Unchanged
30 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 21,83421.8k $1.0m $1.0m 0.00% Reduced -3.1k -3,075
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 17,77917.8k $851.6k $851.6k 0.00% New
32 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 16,30316.3k $780.9k $780.9k 0.00% Added +10.8k +10,808
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 14,77614.8k $712.9k $712.9k 0.00% Added +1.4k +1,367
34 Blume Capital Management, Inc. 0.12% of their portfolio BERKELEY, CA 13,27513.3k $635.9k $635.9k 0.12% Reduced -2.5k -2,450
35 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 11,55011.6k $553.2k $553.2k 0.02% New
36 Focus Financial Network, Inc. 0.02% of their portfolio MINNEAPOLIS, MN 11,03411.0k $528.5k $528.5k 0.02% Unchanged
37 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 10,17210.2k $487.2k $487.2k 0.00% Reduced -5.3k -5,349
38 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 9,99810.0k $479.0k $479.0k 0.00% Reduced -30.4k -30,369
39 Summit Investment Advisory Services, LLC 0.16% of their portfolio ROSEVILLE, MN 8,3648.4k $400.6k $400.6k 0.16% Added +33 +33
40 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 7,1607.2k $343.0k $343.0k 0.00% Unchanged
41 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 7,0347.0k $336.9k $336.9k 0.00% Reduced -533 -533
42 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,7256.7k $322.1k $322.1k 0.00% Unchanged
43 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 6,3746.4k $305.0k $305.0k 0.00% Added +1.0k +1,000
44 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 5,8455.8k $280.0k $280.0k 0.00% Unchanged
45 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 5,7565.8k $275.7k $275.7k 0.00% Reduced -86 -86
46 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 5,5075.5k $263.8k $263.8k 0.00% Reduced -6.4k -6,371
47 Great Point Wealth Advisors, LLC 0.05% of their portfolio BOSTON, MA 5,4655.5k $261.8k $261.8k 0.05% First filing
48 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 5,3045.3k $254.1k $254.1k 0.00% Unchanged
49 COMERICA BANK 0.00% of their portfolio DALLAS, TX 4,2044.2k $201.4k $201.4k 0.00% Reduced -17 -17
50 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 2,7152.7k $130.1k $130.1k 0.00% Unchanged
51 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,6652.7k $127.7k $127.7k 0.00% Unchanged
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,4601.5k $69.9k $69.9k 0.00% Added +730 +730
53 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,2031.2k $58.0k $58.0k 0.00% Reduced -841 -841
54 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 995995 $47.7k $47.7k 0.00% Unchanged
55 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 925925 $44.3k $44.3k 0.00% New
56 Millstone Evans Group, LLC 0.02% of their portfolio BOULDER, CO 768768 $36.8k $36.8k 0.02% Unchanged
57 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 500500 $23.9k $23.9k 0.00% Unchanged
58 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 312312 $14.9k $14.9k 0.00% Unchanged
59 Kozak & Associates, Inc. 0.00% of their portfolio HIGHLANDS RANCH, CO 276276 $13.1k $13.1k 0.00% Unchanged
60 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 250250 $12.0k $12.0k 0.00% Unchanged
61 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 242242 $11.6k $11.6k 0.00% New
62 Game Plan Financial Advisors, LLC 0.00% of their portfolio WESTLAKE, OH 170170 $8.1k $8.1k 0.00% Unchanged