Vault-13

DAVIS FUNDAMENTAL ETF TR DUSA

SELECT US EQTY · ETP · CUSIP 23908L207

68 institutional holders +6 vs Q3 2025
14,686,20914.7m shares reported held*
$750.9mreported value*
10 new 32 added 17 reduced 5 sold out net bought ≈ $53.5m (+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 ≈ $51.13.

Trends to Q4 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: 62Q4 25: 6868Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202568

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 24: 32 bought or addedQ1 24: 25 cut or sold outQ2 24: 29 bought or addedQ2 24: 20 cut or sold outQ2 24Q3 24: 32 bought or addedQ3 24: 28 cut or sold outQ4 24: 34 bought or addedQ4 24: 27 cut or sold outQ4 24Q1 25: 30 bought or addedQ1 25: 26 cut or sold outQ2 25: 27 bought or addedQ2 25: 23 cut or sold outQ2 25Q3 25: 29 bought or addedQ3 25: 22 cut or sold outQ4 25: 42 bought or addedQ4 25: 22 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243225
Q2 20242920
Q3 20243228
Q4 20243427
Q1 20253026
Q2 20252723
Q3 20252922
Q4 20254222

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +495,603+495.6k
Melone Private Wealth, LLC Added +268,768+268.8k
MORGAN STANLEY Added +163,801+163.8k
WELLS FARGO & COMPANY/MN Added +96,943+96.9k
SUMMIT WEALTH GROUP LLC / CO New +49,828+49.8k
HighPoint Advisor Group LLC New +46,240+46.2k
WJ Wealth Management, LLC New +46,129+46.1k
RAYMOND JAMES FINANCIAL INC Added +34,530+34.5k
Next Level Private LLC Added +34,130+34.1k
ROYAL BANK OF CANADA Added +30,636+30.6k

Biggest sellers

Per Stirling Capital Management, LLC. Sold out -251,394-251.4k
Sanctuary Advisors, LLC Reduced -22,459-22.5k
LPL Financial LLC Reduced -15,499-15.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -8,414-8.4k
Waverly Advisors, LLC Sold out -5,507-5.5k
Private Advisor Group, LLC Reduced -4,977-5.0k
CapWealth Advisors, LLC Reduced -2,232-2.2k
Lunt Capital Management, Inc. Reduced -1,211-1.2k
Advisory Services Network, LLC Sold out -925-925
JPMORGAN CHASE & CO Reduced -730-730

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,312,2384.3m $220.5m $220.5m 0.01% Added +163.8k +163,801
2 Davis Selected Advisers 0.78% of their portfolio Tucson, AZ 3,384,5663.4m $173.1m $173.1m 0.78% Added +1.2k +1,228
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,537,5301.5m $78.6m $78.6m 0.01% Added +495.6k +495,603
4 Kestra Advisory Services, LLC 0.19% of their portfolio AUSTIN, TX 921,862921.9k $47.1m $47.1m 0.19% Added +19.4k +19,364
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 672,680672.7k $34.4m $34.4m 0.01% Reduced -15.5k -15,499
6 UBS Group AG 0.01% of their portfolio ZURICH, V8 564,410564.4k $28.9m $28.9m 0.01% Added +16.5k +16,521
7 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 435,043435.0k $22.2m $22.2m 0.01% Added +34.5k +34,530
8 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 427,654427.7k $21.9m $21.9m 0.00% Added +96.9k +96,943
9 Next Level Private LLC 5.00% of their portfolio HARRISON, NY 372,940372.9k $19.1m $19.1m 5.00% Added +34.1k +34,130
10 Melone Private Wealth, LLC 6.38% of their portfolio AUBURN HILLS, MI 294,343294.3k $15.0m $15.0m 6.38% Added +268.8k +268,768
11 KESTRA PRIVATE WEALTH SERVICES, LLC 0.10% of their portfolio AUSTIN, TX 158,973159.0k $8.1m $8.1m 0.10% Added +8.5k +8,544
12 Lunt Capital Management, Inc. 3.02% of their portfolio HOLLADAY, UT 157,902157.9k $8.1m $8.1m 3.02% Reduced -1.2k -1,211
13 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 153,732153.7k $7.9m $7.9m 0.01% Added +3.5k +3,514
14 LEVEL FOUR ADVISORY SERVICES, LLC 0.25% of their portfolio DALLAS, TX 151,321151.3k $7.7m $7.7m 0.25% Added +1.4k +1,439
15 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 142,073142.1k $7.3m $7.3m 0.04% Reduced -165 -165
16 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 133,462133.5k $6.8m $6.8m 0.01% Added +1.8k +1,806
17 Geneos Wealth Management Inc. 0.15% of their portfolio ENGLEWOOD, CO 120,780120.8k $6.2m $6.2m 0.15% Reduced -700 -700
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 68,17668.2k $3.5m $3.5m 0.00% Added +30.6k +30,636
19 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 53,30853.3k $2.7m $2.7m 0.00% Added +838 +838
20 SUMMIT WEALTH GROUP LLC / CO 0.34% of their portfolio COLORADO SPRINGS, CO 49,82849.8k $2.5m $2.5m 0.34% New
21 HighPoint Advisor Group LLC 0.05% of their portfolio DOWNERS GROVE, IL 46,24046.2k $2.4m $2.4m 0.05% New
22 WJ Wealth Management, LLC 1.03% of their portfolio GLENDALE, AZ 46,12946.1k $2.4m $2.4m 1.03% New
23 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 39,56939.6k $2.0m $2.0m 0.00% Added +8.3k +8,297
24 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 35,11335.1k $1.8m $1.8m 0.01% Reduced -5.0k -4,977
25 Dorato Capital Management 1.20% of their portfolio DENVER, CO 30,95030.9k $1.6m $1.6m 1.20% First filing
26 Lantz Financial LLC 0.29% of their portfolio NAPERVILLE, IL 27,19227.2k $1.4m $1.4m 0.29% Added +2.9k +2,927
27 CapWealth Advisors, LLC 0.09% of their portfolio FRANKLIN, TN 26,48926.5k $1.4m $1.4m 0.09% Reduced -2.2k -2,232
28 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 26,22626.2k $1.3m $1.3m 0.03% Added +464 +464
29 Gladstone Institutional Advisory LLC 0.05% of their portfolio Bedminster, NJ 25,46325.5k $1.3m $1.3m 0.05% Added +271 +271
30 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 23,94523.9k $1.2m $1.2m 0.00% Reduced -183 -183
31 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 23,66023.7k $1.2m $1.2m 0.01% Reduced -22.5k -22,459
32 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 21,21521.2k $1.1m $1.1m 0.00% Reduced -619 -619
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 19,59819.6k $1.0m $1.0m 0.00% Added +4.8k +4,822
34 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 18,58318.6k $950.1k $950.1k 0.01% Added +2.3k +2,280
35 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,73114.7k $753.0k $753.0k 0.00% Added +4.7k +4,733
36 Focus Financial Network, Inc. 0.02% of their portfolio MINNEAPOLIS, MN 13,17513.2k $673.7k $673.7k 0.02% Added +2.1k +2,141
37 Blume Capital Management, Inc. 0.12% of their portfolio BERKELEY, CA 12,82512.8k $655.7k $655.7k 0.12% Reduced -450 -450
38 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 11,50311.5k $588.1k $588.1k 0.02% Reduced -47 -47
39 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 10,76410.8k $550.4k $550.4k 0.01% Added +592 +592
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 9,3659.4k $478.8k $478.8k 0.00% Reduced -8.4k -8,414
41 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 8,6748.7k $444.0k $444.0k 0.00% Added +2.3k +2,300
42 Summit Investment Advisory Services, LLC 0.16% of their portfolio ROSEVILLE, MN 8,4228.4k $430.6k $430.6k 0.16% Added +58 +58
43 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 7,4607.5k $381.4k $381.4k 0.00% Added +300 +300
44 Great Point Wealth Advisors, LLC 0.07% of their portfolio BOSTON, MA 7,0227.0k $359.0k $359.0k 0.07% Added +1.6k +1,557
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,7406.7k $344.6k $344.6k 0.00% Added +15 +15
46 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 6,5306.5k $333.9k $333.9k 0.00% Reduced -504 -504
47 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 6,0676.1k $310.3k $310.3k 0.00% New
48 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 5,8455.8k $298.9k $298.9k 0.00% Unchanged
49 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 5,7795.8k $295.5k $295.5k 0.00% Added +23 +23
50 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 5,3055.3k $271.3k $271.3k 0.00% Added +1 +1
51 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 4,8084.8k $245.8k $245.8k 0.00% New
52 COMERICA BANK 0.00% of their portfolio DALLAS, TX 4,3854.4k $224.2k $224.2k 0.00% Added +181 +181
53 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 2,6722.7k $136.6k $136.6k 0.00% Reduced -43 -43
54 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,6652.7k $136.3k $136.3k 0.00% Unchanged
55 Birchwood Financial Partners, Inc. 0.11% of their portfolio BLOOMINGTON, MN 2,1782.2k $111.4k $111.4k 0.11% First filing
56 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 995995 $50.9k $50.9k 0.00% Unchanged
57 CWM, LLC 0.00% of their portfolio OMAHA, NE 929929 $47.0k $47.0k 0.00% Reduced -274 -274
58 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 811811 $41.5k $41.5k 0.00% New
59 Millstone Evans Group, LLC 0.02% of their portfolio BOULDER, CO 768768 $39.3k $39.3k 0.02% Unchanged
60 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 730730 $37.3k $37.3k 0.00% Reduced -730 -730
61 VSM Wealth Advisory, LLC 0.01% of their portfolio HUNT VALLEY, MD 388388 $19.8k $19.8k 0.01% New
62 Kozak & Associates, Inc. 0.00% of their portfolio HIGHLANDS RANCH, CO 276276 $14.4k $14.4k 0.00% Unchanged
63 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 250250 $12.8k $12.8k 0.00% Unchanged
64 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 242242 $12.4k $12.4k 0.00% Unchanged
65 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 238238 $12.2k $12.2k 0.00% New
66 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 205205 $10.5k $10.5k 0.00% New
67 Game Plan Financial Advisors, LLC 0.00% of their portfolio WESTLAKE, OH 169169 $8.6k $8.6k 0.00% Reduced -1 -1
68 SageView Advisory Group, LLC 0.00% of their portfolio Newport Beach, CA 100100 $5.1k $5.1k 0.00% New