Vault-13

DAVIS FUNDAMENTAL ETF TR DUSA

SELECT US EQTY · ETP · CUSIP 23908L207

85 institutional holders +10 vs Q1 2026
17,225,36017.2m shares reported held*
$967.8mreported value*
13 new 30 added 24 reduced 5 sold out net bought ≈ $46.1m (+820.1k 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 ($804.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.18. Options: 1 managers hold calls ($511.2k notional), 0 hold puts (—).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 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: 75Q2 26: 8585Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 202685

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 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 25Q1 26: 41 bought or addedQ1 26: 27 cut or sold outQ2 26: 43 bought or addedQ2 26: 29 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243228
Q4 20243427
Q1 20253026
Q2 20252723
Q3 20252922
Q4 20254222
Q1 20264127
Q2 20264329

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600kQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $511.2kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$511.2k$00.00

Biggest buyers

OSAIC HOLDINGS, INC. Added +253,978+254.0k
MORGAN STANLEY Added +196,691+196.7k
ODonnell Financial Services, LLC Added +52,721+52.7k
Atria Investments, Inc Added +50,519+50.5k
TRANSCEND CAPITAL ADVISORS, LLC New +49,940+49.9k
TWO SIGMA INVESTMENTS, LP New +47,300+47.3k
LPL Financial LLC Added +46,349+46.3k
BANK OF AMERICA CORP /DE/ Added +44,166+44.2k
RAYMOND JAMES FINANCIAL INC Added +37,736+37.7k
IFP Advisors, Inc Added +32,921+32.9k

Biggest sellers

JANE STREET GROUP, LLC Reduced -86,685-86.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -51,192-51.2k
Integrated Wealth Concepts LLC Reduced -18,055-18.1k
Signal Advisors Wealth, LLC Sold out -9,327-9.3k
Steward Partners Investment Advisory, LLC Reduced -7,360-7.4k
Mariner, LLC Reduced -6,013-6.0k
Gladstone Institutional Advisory LLC Reduced -2,194-2.2k
Focus Financial Network, Inc. Reduced -2,081-2.1k
D.A. DAVIDSON & CO. Reduced -1,948-1.9k
Geneos Wealth Management Inc. Reduced -1,747-1.7k

Biggest calls

Belvedere Trading LLC New $511.2k9.1k shares

Biggest puts

None

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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,615,1724.6m $259.3m $259.3m 0.01% Added +196.7k +196,691
2 Davis Selected Advisers 0.82% of their portfolio Tucson, AZ 3,400,7453.4m $191.1m $191.1m 0.82% Unchanged
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,675,8211.7m $94.1m $94.1m 0.01% Added +44.2k +44,166
4 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 925,842925.8k $52.0m $52.0m 0.01% Added +37.7k +37,736
5 Kestra Advisory Services, LLC 0.17% of their portfolio AUSTIN, TX 918,489918.5k $51.6m $51.6m 0.17% Added +6.5k +6,466
6 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 789,324789.3k $44.3m $44.3m 0.01% Added +16.8k +16,846
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 705,267705.3k $39.6m $39.6m 0.01% Added +46.3k +46,349
8 UBS Group AG 0.01% of their portfolio ZURICH, V8 613,239613.2k $34.5m $34.5m 0.01% Added +22.5k +22,465
9 Next Level Private LLC 5.08% of their portfolio HARRISON, NY 461,878461.9k $25.9m $25.9m 5.08% Added +26.7k +26,720
10 ODonnell Financial Services, LLC 7.59% of their portfolio SAN RAFAEL, CA 459,277459.3k $25.8m $25.8m 7.59% Added +52.7k +52,721
11 Melone Private Wealth, LLC 7.01% of their portfolio AUBURN HILLS, MI 327,833327.8k $18.4m $18.4m 7.01% Added +10.2k +10,250
12 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 275,196275.2k $15.5m $15.5m 0.02% Added +254.0k +253,978
13 KESTRA PRIVATE WEALTH SERVICES, LLC 0.11% of their portfolio AUSTIN, TX 170,526170.5k $9.6m $9.6m 0.11% Added +990 +990
14 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 159,604159.6k $9.0m $9.0m 0.01% Added +375 +375
15 Lunt Capital Management, Inc. 3.22% of their portfolio HOLLADAY, UT 156,160156.2k $8.8m $8.8m 3.22% Reduced -466 -466
16 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 155,285155.3k $8.7m $8.7m 0.01% Added +6.1k +6,080
17 LEVEL FOUR ADVISORY SERVICES, LLC 0.22% of their portfolio DALLAS, TX 138,769138.8k $7.8m $7.8m 0.22% Added +1.7k +1,711
18 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 138,110138.1k $7.8m $7.8m 0.04% Reduced -1.9k -1,948
19 Geneos Wealth Management Inc. 0.12% of their portfolio ENGLEWOOD, CO 104,955105.0k $5.9m $5.9m 0.12% Reduced -1.7k -1,747
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 91,15191.2k $5.1m $5.1m 0.00% Added +11.9k +11,860
21 HighPoint Advisor Group LLC 0.12% of their portfolio DOWNERS GROVE, IL 60,10460.1k $3.4m $3.4m 0.12% Added +6.6k +6,613
22 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 56,15856.2k $3.2m $3.2m 0.03% Added +50.5k +50,519
23 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 53,40653.4k $3.0m $3.0m 0.00% Reduced -466 -466
24 TRANSCEND CAPITAL ADVISORS, LLC 0.19% of their portfolio MADISON, NJ 49,94049.9k $2.8m $2.8m 0.19% New
25 SUMMIT WEALTH GROUP LLC / CO 0.22% of their portfolio COLORADO SPRINGS, CO 47,77047.8k $2.7m $2.7m 0.22% Reduced -99 -99
26 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 47,30047.3k $2.7m $2.7m 0.00% New
27 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 37,40837.4k $2.1m $2.1m 0.00% Added +23.3k +23,308
28 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 37,34537.3k $2.1m $2.1m 0.01% Added +2.0k +1,982
29 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 35,62435.6k $2.0m $2.0m 0.00% Reduced -86.7k -86,685
30 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 35,58635.6k $2.0m $2.0m 0.04% Added +32.9k +32,921
31 Lantz Financial LLC 0.33% of their portfolio NAPERVILLE, IL 32,44332.4k $1.8m $1.8m 0.33% Added +2.9k +2,900
32 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 31,39131.4k $1.8m $1.8m 0.01% Added +286 +286
33 Dorato Capital Management 1.20% of their portfolio DENVER, CO 30,83730.8k $1.8m $1.8m 1.20% Unchanged
34 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 28,49528.5k $1.6m $1.6m 0.00% Added +8.1k +8,141
35 Mariner, LLC 0.00% of their portfolio Overland Park, KS 24,09024.1k $1.4m $1.4m 0.00% Reduced -6.0k -6,013
36 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 23,56323.6k $1.3m $1.3m 0.02% Reduced -1.1k -1,119
37 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 23,00223.0k $1.3m $1.3m 0.00% Reduced -453 -453
38 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 21,01721.0k $1.2m $1.2m 0.01% Added +1.6k +1,625
39 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 18,56618.6k $1.0m $1.0m 0.00% Reduced -600 -600
40 CapWealth Advisors, LLC 0.07% of their portfolio FRANKLIN, TN 17,97718.0k $1.0m $1.0m 0.07% Reduced -879 -879
41 Gladstone Institutional Advisory LLC 0.03% of their portfolio Bedminster, NJ 14,74914.7k $828.6k $828.6k 0.03% Reduced -2.2k -2,194
42 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 14,33014.3k $805.1k $805.1k 0.01% Added +4.1k +4,140
43 ELEVATION POINT WEALTH PARTNERS, LLC 0.01% of their portfolio DENVER, CO 14,31714.3k $804.3k $804.3k 0.01% Added +4.1k +4,091
44 Regatta Research & Money Management 0.61% of their portfolio METAIRIE, LA 11,57611.6k $650.3k $650.3k 0.61% First filing
45 Blume Capital Management, Inc. 0.09% of their portfolio BERKELEY, CA 11,12511.1k $625.0k $625.0k 0.09% Reduced -1.0k -1,000
46 Focus Financial Network, Inc. 0.02% of their portfolio MINNEAPOLIS, MN 10,79610.8k $606.5k $606.5k 0.02% Reduced -2.1k -2,081
47 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,57810.6k $594.0k $594.0k 0.00% Added +2.0k +1,995
48 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 10,16810.2k $571.2k $571.2k 0.01% Reduced -1.3k -1,300
49 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 9,8249.8k $551.9k $551.9k 0.00% New
50 Capital Investment Advisory Services, LLC 0.03% of their portfolio RALEIGH, NC 9,3869.4k $527.3k $527.3k 0.03% Added +4.1k +4,075
51 Summit Investment Advisory Services, LLC 0.12% of their portfolio ROSEVILLE, MN 8,4228.4k $473.2k $473.2k 0.12% Unchanged
52 Great Point Wealth Advisors, LLC 0.07% of their portfolio BOSTON, MA 7,5187.5k $422.4k $422.4k 0.07% Reduced -193 -193
53 Highland Investment Advisors LLC 0.18% of their portfolio PONTE VEDRA, FL 7,2507.2k $407.3k $407.3k 0.18% First filing
54 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 7,2277.2k $406.1k $406.1k 0.00% Added +607 +607
55 Southeast Asset Advisors, LLC 0.04% of their portfolio THOMASVILLE, GA 7,1407.1k $401.1k $401.1k 0.04% New
56 WJ Wealth Management, LLC 0.15% of their portfolio GLENDALE, AZ 6,9156.9k $388.5k $388.5k 0.15% Reduced -1.2k -1,185
57 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 6,8616.9k $385.5k $385.5k 0.00% Reduced -18.1k -18,055
58 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 6,8376.8k $384.1k $384.1k 0.00% New
59 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 6,7696.8k $380.3k $380.3k 0.00% Reduced -99 -99
60 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 6,4946.5k $364.8k $364.8k 0.00% Unchanged
61 MARATHON CAPITAL MANAGEMENT 0.07% of their portfolio Hunt Valley, MD 5,8965.9k $331.2k $331.2k 0.07% New
62 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 5,8455.8k $328.4k $328.4k 0.00% Unchanged
63 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 5,3045.3k $298.0k $298.0k 0.00% Unchanged
64 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,9314.9k $277.0k $277.0k 0.00% Reduced -765 -765
65 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 4,9044.9k $275.5k $275.5k 0.00% Reduced -36 -36
66 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 4,6634.7k $262.0k $262.0k 0.00% Unchanged
67 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 4,4804.5k $251.7k $251.7k 0.00% New
68 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 4,0484.0k $227.4k $227.4k 0.00% Reduced -208 -208
69 FIDUCIARY FINANCIAL ADVISORS 0.02% of their portfolio GRAND RAPIDS, MI 4,0004.0k $224.7k $224.7k 0.02% New
70 Diligent Investors, LLC 0.05% of their portfolio REDLANDS, CA 3,6603.7k $205.6k $205.6k 0.05% New
71 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,1832.2k $122.6k $122.6k 0.00% Reduced -7.4k -7,360
72 Birchwood Financial Partners, Inc. 0.10% of their portfolio BLOOMINGTON, MN 2,1782.2k $122.4k $122.4k 0.10% Unchanged
73 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 1,0501.1k $59.0k $59.0k 0.00% Unchanged
74 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 995995 $55.9k $55.9k 0.00% Unchanged
75 Millstone Evans Group, LLC 0.02% of their portfolio BOULDER, CO 768768 $43.1k $43.1k 0.02% Unchanged
76 NorthAvenue LLC 0.02% of their portfolio COLUMBUS, OH 388388 $21.8k $21.8k 0.02% New
77 Decker Retirement Planning Inc. 0.01% of their portfolio LEVI, UT 326326 $18.3k $18.3k 0.01% New
78 Kozak & Associates, Inc. 0.00% of their portfolio HIGHLANDS RANCH, CO 276276 $15.6k $15.6k 0.00% Unchanged
79 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 267267 $15.0k $15.0k 0.00% Unchanged
80 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 250250 $14.0k $14.0k 0.00% Unchanged
81 Game Plan Financial Advisors, LLC 0.00% of their portfolio WESTLAKE, OH 169169 $9.5k $9.5k 0.00% Unchanged
82 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 6969 $3.9k $3.9k 0.00% Unchanged
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5050 $2.8k $2.8k 0.00% Reduced -450 -450
84 Buck Wealth Strategies, LLC 0.00% of their portfolio DENVER, CO 1616 $899 $899 0.00% New
85 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1414 $787 $787 0.00% New