Vault-13

DAVIS FUNDAMENTAL ETF TR DWLD

SELECT WRLD WI · ETP · CUSIP 23908L306

51 institutional holders -1 vs Q2 2025
6,854,2256.9m shares reported held*
$309.8mreported value*
8 new 19 added 14 reduced 8 sold out net sold ≈ $25.5m (-563.5k 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 ≈ $45.19.

Trends to Q3 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: 52Q3 25: 5151Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202551

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 18 bought or addedQ4 23: 27 cut or sold outQ1 24: 21 bought or addedQ1 24: 20 cut or sold outQ1 24Q2 24: 15 bought or addedQ2 24: 21 cut or sold outQ3 24: 18 bought or addedQ3 24: 21 cut or sold outQ3 24Q4 24: 23 bought or addedQ4 24: 18 cut or sold outQ1 25: 19 bought or addedQ1 25: 21 cut or sold outQ1 25Q2 25: 29 bought or addedQ2 25: 11 cut or sold outQ3 25: 27 bought or addedQ3 25: 22 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20231827
Q1 20242120
Q2 20241521
Q3 20241821
Q4 20242318
Q1 20251921
Q2 20252911
Q3 20252722

Biggest buyers

Kestra Advisory Services, LLC New +67,435+67.4k
Cetera Investment Advisers Added +62,622+62.6k
INTEGRITY WEALTH ADVISORS, INC. Added +55,739+55.7k
LPL Financial LLC Added +34,378+34.4k
STIFEL FINANCIAL CORP Added +17,918+17.9k
CITADEL ADVISORS LLC New +16,928+16.9k
RAYMOND JAMES FINANCIAL INC Added +12,260+12.3k
UBS Group AG Added +10,459+10.5k
ENVESTNET ASSET MANAGEMENT INC Added +8,398+8.4k
AQR CAPITAL MANAGEMENT LLC New +7,400+7.4k

Biggest sellers

ROYAL BANK OF CANADA Reduced -348,287-348.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -243,343-243.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -70,197-70.2k
Rockefeller Capital Management L.P. Reduced -59,289-59.3k
OneAscent Financial Services LLC Sold out -51,446-51.4k
Atria Investments, Inc Sold out -51,446-51.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -17,941-17.9k
SILVER OAK SECURITIES, INCORPORATED Sold out -15,484-15.5k
Integrated Wealth Concepts LLC Reduced -14,408-14.4k
MORGAN STANLEY Reduced -9,159-9.2k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Davis Selected Advisers 0.45% of their portfolio Tucson, AZ 1,916,2871.9m $86.7m $86.7m 0.45% Unchanged
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,568,8631.6m $71.0m $71.0m 0.00% Reduced -9.2k -9,159
3 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 684,164684.2k $30.9m $30.9m 0.04% Added +62.6k +62,622
4 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 325,480325.5k $14.7m $14.7m 0.01% Added +17.9k +17,918
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 312,547312.5k $14.1m $14.1m 0.00% Reduced -348.3k -348,287
6 Fjell Capital, LLC 9.69% of their portfolio FARGO, ND 243,195243.2k $11.0m $11.0m 9.69% Reduced -2.2k -2,218
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 236,993237.0k $10.7m $10.7m 0.00% Added +34.4k +34,378
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 207,930207.9k $9.4m $9.4m 0.00% Added +12.3k +12,260
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 167,136167.1k $7.6m $7.6m 0.00% Added +10.5k +10,459
10 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 166,855166.9k $7.5m $7.5m 0.01% Reduced -1.1k -1,128
11 INTEGRITY WEALTH ADVISORS, INC. 1.85% of their portfolio Ventura, CA 118,770118.8k $5.1m $5.1m 1.85% Added +55.7k +55,739
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 108,426108.4k $4.9m $4.9m 0.00% Reduced -7.6k -7,634
13 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 89,92589.9k $4.1m $4.1m 0.02% Added +3.9k +3,870
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 82,14182.1k $3.7m $3.7m 0.00% Reduced -243.3k -243,343
15 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 67,43567.4k $3.1m $3.1m 0.01% New
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 56,84656.8k $2.6m $2.6m 0.00% Added +8.4k +8,398
17 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 54,96955.0k $2.5m $2.5m 0.00% Reduced -59.3k -59,289
18 Southeast Asset Advisors, LLC 0.20% of their portfolio THOMASVILLE, GA 40,81040.8k $1.8m $1.8m 0.20% Reduced -1.4k -1,420
19 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 40,64440.6k $1.8m $1.8m 0.00% Reduced -70.2k -70,197
20 BENJAMIN EDWARDS INC 0.02% of their portfolio Clayton, MO 39,63539.6k $1.8m $1.8m 0.02% Added +613 +613
21 Lunt Capital Management, Inc. 0.65% of their portfolio HOLLADAY, UT 37,43737.4k $1.7m $1.7m 0.65% Unchanged
22 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 32,71132.7k $1.5m $1.5m 0.01% Added +1.8k +1,750
23 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 31,74631.7k $1.4m $1.4m 0.00% Added +2.6k +2,576
24 Heritage Wealth Management, Inc. 0.35% of their portfolio CINCINNATI, OH 26,72026.7k $1.2m $1.2m 0.35% Added +2.4k +2,400
25 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 18,10618.1k $818.9k $818.9k 0.00% Added +3.2k +3,250
26 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 16,92816.9k $765.7k $765.7k 0.00% New
27 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,64215.6k $707.5k $707.5k 0.00% Added +5.4k +5,422
28 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 13,65013.7k $617.4k $617.4k 0.00% Reduced -232 -232
29 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 13,50513.5k $603.2k $603.2k 0.00% Reduced -73 -73
30 MGB Wealth Management, LLC 0.17% of their portfolio ADDISON, TX 13,35413.4k $604.0k $604.0k 0.17% Added +2.9k +2,905
31 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 13,00013.0k $588.0k $588.0k 0.01% Added +5.0k +5,000
32 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 9,2639.3k $419.0k $419.0k 0.00% Added +4.4k +4,431
33 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 9,0419.0k $408.9k $408.9k 0.01% Unchanged
34 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,4198.4k $381.0k $381.0k 0.00% Unchanged
35 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 7,4007.4k $334.7k $334.7k 0.00% New
36 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,2007.2k $325.7k $325.7k 0.00% New
37 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 6,9557.0k $314.6k $314.6k 0.00% Reduced -14.4k -14,408
38 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,5906.6k $298.1k $298.1k 0.00% Added +640 +640
39 Confluence Wealth Services, Inc. 0.01% of their portfolio MCMURRAY, PA 6,0796.1k $275.0k $275.0k 0.01% Unchanged
40 Diligent Investors, LLC 0.06% of their portfolio REDLANDS, CA 5,5205.5k $249.7k $249.7k 0.06% Reduced -100 -100
41 Kestra Investment Management, LLC 0.01% of their portfolio AUSTIN, TX 5,1375.1k $232.3k $232.3k 0.01% New
42 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 4,5954.6k $208.0k $208.0k 0.00% New
43 J.W. COLE ADVISORS, INC. 0.00% of their portfolio TAMPA, FL 4,5464.5k $205.6k $205.6k 0.00% New
44 Capital Investment Advisory Services, LLC 0.02% of their portfolio RALEIGH, NC 4,4454.4k $201.0k $201.0k 0.02% New
45 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,1572.2k $97.6k $97.6k 0.00% Added +2.2k +2,156
46 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 1,6571.7k $74.9k $74.9k 0.00% Reduced -66 -66
47 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,4851.5k $67.0k $67.0k 0.00% Unchanged
48 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,1261.1k $50.9k $50.9k 0.00% Unchanged
49 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 600600 $27.1k $27.1k 0.00% Unchanged
50 ALERUS FINANCIAL NA 0.00% of their portfolio GRAND FORKS, ND 159159 $7.2k $7.2k 0.00% Unchanged
51 SITTNER & NELSON, LLC 0.00% of their portfolio EUGENE, OR 11 $45 $45 0.00% Unchanged