Vault-13

DAVIS FUNDAMENTAL ETF TR DUSA

SELECT US EQTY · ETP · CUSIP 23908L207

75 institutional holders +7 vs Q4 2025
16,390,59616.4m shares reported held*
$831.7mreported value*
12 new 29 added 23 reduced 4 sold out net bought ≈ $87.2m (+1.7m 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 ($517.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.74.

Trends to Q1 2026

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: 68Q1 26: 7575Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202675

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 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 25Q4 25: 42 bought or addedQ4 25: 22 cut or sold outQ1 26: 41 bought or addedQ1 26: 27 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242920
Q3 20243228
Q4 20243427
Q1 20253026
Q2 20252723
Q3 20252922
Q4 20254222
Q1 20264127

Biggest buyers

RAYMOND JAMES FINANCIAL INC Added +453,063+453.1k
ODonnell Financial Services, LLC New +406,556+406.6k
WELLS FARGO & COMPANY/MN Added +344,824+344.8k
MORGAN STANLEY Added +106,243+106.2k
BANK OF AMERICA CORP /DE/ Added +94,125+94.1k
JANE STREET GROUP, LLC Added +82,740+82.7k
Next Level Private LLC Added +62,218+62.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +41,827+41.8k
UBS Group AG Added +26,364+26.4k
Mariner, LLC Added +23,363+23.4k

Biggest sellers

WJ Wealth Management, LLC Reduced -38,029-38.0k
LEVEL FOUR ADVISORY SERVICES, LLC Reduced -14,263-14.3k
Geneos Wealth Management Inc. Reduced -14,078-14.1k
LPL Financial LLC Reduced -13,762-13.8k
Kestra Advisory Services, LLC Reduced -9,839-9.8k
Gladstone Institutional Advisory LLC Reduced -8,520-8.5k
CapWealth Advisors, LLC Reduced -7,633-7.6k
MERCER GLOBAL ADVISORS INC /ADV Reduced -2,049-2.0k
D.A. DAVIDSON & CO. Reduced -2,015-2.0k
SUMMIT WEALTH GROUP LLC / CO Reduced -1,959-2.0k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,418,4814.4m $224.2m $224.2m 0.01% Added +106.2k +106,243
2 Davis Selected Advisers 0.79% of their portfolio Tucson, AZ 3,400,7453.4m $172.6m $172.6m 0.79% Added +16.2k +16,179
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,631,6551.6m $82.8m $82.8m 0.01% Added +94.1k +94,125
4 Kestra Advisory Services, LLC 0.18% of their portfolio AUSTIN, TX 912,023912.0k $46.3m $46.3m 0.18% Reduced -9.8k -9,839
5 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 888,106888.1k $45.1m $45.1m 0.01% Added +453.1k +453,063
6 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 772,478772.5k $39.2m $39.2m 0.01% Added +344.8k +344,824
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 658,918658.9k $33.4m $33.4m 0.01% Reduced -13.8k -13,762
8 UBS Group AG 0.01% of their portfolio ZURICH, V8 590,774590.8k $30.0m $30.0m 0.01% Added +26.4k +26,364
9 Next Level Private LLC 4.99% of their portfolio HARRISON, NY 435,158435.2k $22.1m $22.1m 4.99% Added +62.2k +62,218
10 ODonnell Financial Services, LLC 7.10% of their portfolio SAN RAFAEL, CA 406,556406.6k $20.6m $20.6m 7.10% New
11 Melone Private Wealth, LLC 6.58% of their portfolio AUBURN HILLS, MI 317,583317.6k $16.1m $16.1m 6.58% Added +23.2k +23,240
12 KESTRA PRIVATE WEALTH SERVICES, LLC 0.11% of their portfolio AUSTIN, TX 169,536169.5k $8.6m $8.6m 0.11% Added +10.6k +10,563
13 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 159,229159.2k $8.1m $8.1m 0.01% Added +5.5k +5,497
14 Lunt Capital Management, Inc. 3.05% of their portfolio HOLLADAY, UT 156,626156.6k $7.9m $7.9m 3.05% Reduced -1.3k -1,276
15 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 149,205149.2k $7.6m $7.6m 0.01% Added +15.7k +15,743
16 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 140,058140.1k $7.1m $7.1m 0.04% Reduced -2.0k -2,015
17 LEVEL FOUR ADVISORY SERVICES, LLC 0.23% of their portfolio DALLAS, TX 137,058137.1k $7.0m $7.0m 0.23% Reduced -14.3k -14,263
18 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 122,309122.3k $6.2m $6.2m 0.01% Added +82.7k +82,740
19 Geneos Wealth Management Inc. 0.13% of their portfolio ENGLEWOOD, CO 106,702106.7k $5.4m $5.4m 0.13% Reduced -14.1k -14,078
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 79,29179.3k $4.0m $4.0m 0.00% Added +11.1k +11,115
21 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 53,87253.9k $2.7m $2.7m 0.00% Added +564 +564
22 HighPoint Advisor Group LLC 0.11% of their portfolio DOWNERS GROVE, IL 53,49153.5k $2.7m $2.7m 0.11% Added +7.3k +7,251
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 51,19251.2k $2.6m $2.6m 0.00% Added +41.8k +41,827
24 SUMMIT WEALTH GROUP LLC / CO 0.26% of their portfolio COLORADO SPRINGS, CO 47,86947.9k $2.4m $2.4m 0.26% Reduced -2.0k -1,959
25 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 35,36335.4k $1.8m $1.8m 0.01% Added +250 +250
26 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 31,10531.1k $1.6m $1.6m 0.01% Added +7.4k +7,445
27 Dorato Capital Management 1.19% of their portfolio DENVER, CO 30,83730.8k $1.6m $1.6m 1.19% Reduced -113 -113
28 Mariner, LLC 0.00% of their portfolio Overland Park, KS 30,10330.1k $1.5m $1.5m 0.00% Added +23.4k +23,363
29 Lantz Financial LLC 0.31% of their portfolio NAPERVILLE, IL 29,54329.5k $1.5m $1.5m 0.31% Added +2.4k +2,351
30 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 24,91624.9k $1.3m $1.3m 0.01% Added +14.2k +14,152
31 J.W. COLE ADVISORS, INC. 0.04% of their portfolio TAMPA, FL 24,68224.7k $1.3m $1.3m 0.04% Reduced -1.5k -1,544
32 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 23,45523.5k $1.2m $1.2m 0.00% Reduced -490 -490
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 21,21821.2k $1.1m $1.1m 0.00% Added +1.6k +1,620
34 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 20,35420.4k $1.0m $1.0m 0.00% New
35 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 19,39219.4k $984.0k $984.0k 0.01% Added +809 +809
36 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 19,16619.2k $972.5k $972.5k 0.00% Reduced -2.0k -2,049
37 CapWealth Advisors, LLC 0.07% of their portfolio FRANKLIN, TN 18,85618.9k $956.8k $956.8k 0.07% Reduced -7.6k -7,633
38 Gladstone Institutional Advisory LLC 0.03% of their portfolio Bedminster, NJ 16,94316.9k $859.7k $859.7k 0.03% Reduced -8.5k -8,520
39 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,10014.1k $715.0k $715.0k 0.00% Reduced -631 -631
40 Focus Financial Network, Inc. 0.02% of their portfolio MINNEAPOLIS, MN 12,87712.9k $653.4k $653.4k 0.02% Reduced -298 -298
41 Blume Capital Management, Inc. 0.10% of their portfolio BERKELEY, CA 12,12512.1k $615.2k $615.2k 0.10% Reduced -700 -700
42 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 11,46811.5k $581.9k $581.9k 0.02% Reduced -35 -35
43 ELEVATION POINT WEALTH PARTNERS, LLC 0.01% of their portfolio DENVER, CO 10,22610.2k $518.9k $518.9k 0.01% New
44 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 10,19010.2k $517.0k $517.0k 0.01% New
45 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 9,5439.5k $484.2k $484.2k 0.00% Added +2.1k +2,083
46 Signal Advisors Wealth, LLC 0.03% of their portfolio DETROIT, MI 9,3279.3k $473.3k $473.3k 0.03% New
47 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 8,5838.6k $436.0k $436.0k 0.00% Reduced -91 -91
48 Summit Investment Advisory Services, LLC 0.16% of their portfolio ROSEVILLE, MN 8,4228.4k $427.4k $427.4k 0.16% Unchanged
49 WJ Wealth Management, LLC 0.19% of their portfolio GLENDALE, AZ 8,1008.1k $411.0k $411.0k 0.19% Reduced -38.0k -38,029
50 Great Point Wealth Advisors, LLC 0.07% of their portfolio BOSTON, MA 7,7117.7k $391.3k $391.3k 0.07% Added +689 +689
51 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 6,8686.9k $348.5k $348.5k 0.00% New
52 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 6,6206.6k $335.9k $335.9k 0.00% Added +553 +553
53 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 6,4946.5k $329.5k $329.5k 0.00% Reduced -36 -36
54 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 5,8455.8k $296.6k $296.6k 0.00% Unchanged
55 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5,6965.7k $289.0k $289.0k 0.00% New
56 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 5,6395.6k $286.1k $286.1k 0.00% Reduced -140 -140
57 Capital Investment Advisory Services, LLC 0.02% of their portfolio RALEIGH, NC 5,3115.3k $269.5k $269.5k 0.02% Added +5.1k +5,073
58 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 5,3045.3k $269.1k $269.1k 0.00% Reduced -1 -1
59 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 4,9404.9k $250.7k $250.7k 0.00% Added +132 +132
60 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 4,6634.7k $237.3k $237.3k 0.00% Added +3.9k +3,852
61 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 4,2564.3k $215.9k $215.9k 0.00% New
62 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,6652.7k $135.2k $135.2k 0.00% Unchanged
63 Birchwood Financial Partners, Inc. 0.11% of their portfolio BLOOMINGTON, MN 2,1782.2k $110.5k $110.5k 0.11% Unchanged
64 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 1,3251.3k $67.2k $67.2k 0.00% New
65 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 1,0501.1k $53.3k $53.3k 0.00% Reduced -1.6k -1,622
66 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 995995 $50.5k $50.5k 0.00% Unchanged
67 Millstone Evans Group, LLC 0.02% of their portfolio BOULDER, CO 768768 $39.0k $39.0k 0.02% Unchanged
68 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 730730 $36.4k $36.4k 0.00% Unchanged
69 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 500500 $25.4k $25.4k 0.00% New
70 VSM Wealth Advisory, LLC 0.01% of their portfolio HUNT VALLEY, MD 388388 $19.7k $19.7k 0.01% Unchanged
71 Kozak & Associates, Inc. 0.00% of their portfolio HIGHLANDS RANCH, CO 276276 $14.7k $14.7k 0.00% Unchanged
72 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 267267 $13.5k $13.5k 0.00% New
73 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 250250 $12.7k $12.7k 0.00% Unchanged
74 Game Plan Financial Advisors, LLC 0.00% of their portfolio WESTLAKE, OH 169169 $8.6k $8.6k 0.00% Unchanged
75 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 6969 $3.5k $3.5k 0.00% New