Vault-13

DAVIS FUNDAMENTAL ETF TR DWLD

SELECT WRLD WI · ETP · CUSIP 23908L306

52 institutional holders +3 vs Q1 2025
7,417,7387.4m shares reported held*
$307.4mreported value*
5 new 24 added 8 reduced 3 sold out net bought ≈ $47.2m (+1.1m 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 ≈ $41.44.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 43Q4 22: 43Q1 23: 43Q2 23: 41Q3 23: 45Q4 23: 44Q1 24: 42Q2 24: 48Q3 24: 47Q4 24: 46Q1 25: 49Q2 25: 5252Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202243
Q4 202243
Q1 202343
Q2 202341
Q3 202345
Q4 202344
Q1 202442
Q2 202448
Q3 202447
Q4 202446
Q1 202549
Q2 202552

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 17 bought or addedQ3 23: 20 cut or sold outQ4 23: 18 bought or addedQ4 23: 27 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 20 cut or sold outQ2 24: 15 bought or addedQ2 24: 21 cut or sold outQ2 24Q3 24: 18 bought or addedQ3 24: 21 cut or sold outQ4 24: 23 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 19 bought or addedQ1 25: 21 cut or sold outQ2 25: 29 bought or addedQ2 25: 11 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231720
Q4 20231827
Q1 20242120
Q2 20241521
Q3 20241821
Q4 20242318
Q1 20251921
Q2 20252911

Biggest buyers

Cetera Investment Advisers Added +552,083+552.1k
ROYAL BANK OF CANADA Added +246,074+246.1k
Rockefeller Capital Management L.P. Added +58,585+58.6k
DAVENPORT & Co LLC Added +50,695+50.7k
STIFEL FINANCIAL CORP Added +46,173+46.2k
LPL Financial LLC Added +44,562+44.6k
OneAscent Financial Services LLC Added +33,377+33.4k
Atria Investments, Inc Added +33,377+33.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +22,234+22.2k
RAYMOND JAMES FINANCIAL INC Added +22,199+22.2k

Biggest sellers

Fjell Capital, LLC Reduced -10,125-10.1k
Geneos Wealth Management Inc. Reduced -8,000-8.0k
Advisor Resource Council Sold out -7,520-7.5k
J.W. COLE ADVISORS, INC. Sold out -6,124-6.1k
JANE STREET GROUP, LLC Reduced -5,136-5.1k
Diligent Investors, LLC Reduced -2,600-2.6k
D.A. DAVIDSON & CO. Reduced -2,380-2.4k
JONES FINANCIAL COMPANIES LLLP Sold out -789-789
Modern Wealth Management, LLC Reduced -559-559
TRUIST FINANCIAL CORP Reduced -450-450

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Davis Selected Advisers 0.42% of their portfolio Tucson, AZ 1,916,2871.9m $79.4m $79.4m 0.42% Unchanged
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,578,0221.6m $65.4m $65.4m 0.00% Added +11.2k +11,248
3 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 660,834660.8k $27.4m $27.4m 0.00% Added +246.1k +246,074
4 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 621,542621.5k $25.8m $25.8m 0.04% Added +552.1k +552,083
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 325,484325.5k $13.5m $13.5m 0.01% Added +22.2k +22,234
6 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 307,562307.6k $12.7m $12.7m 0.01% Added +46.2k +46,173
7 Fjell Capital, LLC 9.43% of their portfolio FARGO, ND 245,413245.4k $10.2m $10.2m 9.43% Reduced -10.1k -10,125
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 202,615202.6k $8.4m $8.4m 0.00% Added +44.6k +44,562
9 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 195,670195.7k $8.1m $8.1m 0.00% Added +22.2k +22,199
10 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 167,983168.0k $7.0m $7.0m 0.01% Added +2.1k +2,108
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 156,677156.7k $6.5m $6.5m 0.00% Added +2.4k +2,358
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 116,060116.1k $4.8m $4.8m 0.00% Added +6.5k +6,536
13 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 114,258114.3k $4.7m $4.7m 0.01% Added +58.6k +58,585
14 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 110,841110.8k $4.6m $4.6m 0.01% Added +67 +67
15 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 86,05586.1k $3.6m $3.6m 0.02% Added +50.7k +50,695
16 INTEGRITY WEALTH ADVISORS, INC. 1.83% of their portfolio Ventura, CA 63,03163.0k $2.6m $2.6m 1.83% Added +3.9k +3,890
17 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 51,44651.4k $2.1m $2.1m 0.03% Added +33.4k +33,377
18 OneAscent Financial Services LLC 0.15% of their portfolio BIRMINGHAM, AL 51,44651.4k $2.1m $2.1m 0.15% Added +33.4k +33,377
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 48,44848.4k $2.0m $2.0m 0.00% Reduced -185 -185
20 Southeast Asset Advisors, LLC 0.21% of their portfolio THOMASVILLE, GA 42,23042.2k $1.8m $1.8m 0.21% Unchanged
21 BENJAMIN EDWARDS INC 0.02% of their portfolio Clayton, MO 39,02239.0k $1.6m $1.6m 0.02% Added +415 +415
22 Lunt Capital Management, Inc. 0.59% of their portfolio HOLLADAY, UT 37,43737.4k $1.6m $1.6m 0.59% Unchanged
23 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 30,96131.0k $1.3m $1.3m 0.01% Reduced -2.4k -2,380
24 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 29,17029.2k $1.2m $1.2m 0.00% Added +812 +812
25 Heritage Wealth Management, Inc. 0.33% of their portfolio CINCINNATI, OH 24,32024.3k $1.0m $1.0m 0.33% Added +2.9k +2,900
26 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 21,36321.4k $885.3k $885.3k 0.01% Added +2.2k +2,160
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 17,94117.9k $743.5k $743.5k 0.00% New
28 SILVER OAK SECURITIES, INCORPORATED 0.05% of their portfolio JACKSON, TN 15,48415.5k $641.7k $641.7k 0.05% Unchanged
29 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 14,85614.9k $615.6k $615.6k 0.00% Added +2.2k +2,175
30 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 13,88213.9k $575.3k $575.3k 0.00% Reduced -450 -450
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 13,57813.6k $562.8k $562.8k 0.00% Added +1.2k +1,171
32 MGB Wealth Management, LLC 0.14% of their portfolio ADDISON, TX 10,44910.4k $433.0k $433.0k 0.14% Added +3.8k +3,831
33 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 10,22010.2k $423.5k $423.5k 0.00% Reduced -5.1k -5,136
34 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 9,0419.0k $374.7k $374.7k 0.01% Reduced -559 -559
35 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 8,9819.0k $372.2k $372.2k 0.00% Unchanged
36 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,4198.4k $349.0k $349.0k 0.00% Unchanged
37 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 8,0008.0k $331.5k $331.5k 0.01% Reduced -8.0k -8,000
38 SUMMIT WEALTH GROUP LLC / CO 0.08% of their portfolio COLORADO SPRINGS, CO 7,8817.9k $326.6k $326.6k 0.08% First filing
39 Confluence Wealth Services, Inc. 0.01% of their portfolio MCMURRAY, PA 6,0796.1k $251.9k $251.9k 0.01% Unchanged
40 Mariner, LLC 0.00% of their portfolio Overland Park, KS 5,9506.0k $246.6k $246.6k 0.00% New
41 Diligent Investors, LLC 0.06% of their portfolio REDLANDS, CA 5,6205.6k $232.9k $232.9k 0.06% Reduced -2.6k -2,600
42 Wealth Advisory Solutions, LLC 0.05% of their portfolio ZIONSVILLE, IN 5,1315.1k $212.6k $212.6k 0.05% New
43 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 4,8324.8k $200.2k $200.2k 0.00% New
44 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,1222.1k $87.9k $87.9k 0.00% Unchanged
45 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 1,7231.7k $71.4k $71.4k 0.00% Unchanged
46 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,4851.5k $62.0k $62.0k 0.00% Added +200 +200
47 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,1261.1k $46.7k $46.7k 0.00% Unchanged
48 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 600600 $24.9k $24.9k 0.00% Unchanged
49 ALERUS FINANCIAL NA 0.00% of their portfolio GRAND FORKS, ND 159159 $6.6k $6.6k 0.00% New
50 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $39 $39 0.00% Unchanged
51 SITTNER & NELSON, LLC 0.00% of their portfolio EUGENE, OR 11 $41 $41 0.00% Unchanged
52 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged