Davis Fundamental ETF Tr (DFNL) Hedge Fund Ownership (Q1 2026)

Davis Fundamental ETF Tr (DFNL)

61 + Investors. Track Smart Money conviction in DFNL. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — DFNL

Based on 61 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added DFNL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

61 hedge funds hold DFNL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +42% more funds vs a year ago

fund count last 6Q

+18 new funds entered over the past year (+42% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 66% buying

35 buying18 selling

Last quarter: 35 funds were net buyers (14 opened a brand new position + 21 added to an existing one). Only 18 were sellers (12 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~14 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 5 → 4 → 12 → 14. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 15% medium ■ 30% new

34 out of 61 hedge funds have held DFNL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares +22%, value -16%

Value

-15%

+21%

Last quarter: funds added +22% more shares while total portfolio value only changed -16%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📈

Growing discovery — still being found

4 → 5 → 4 → 12 → 14 new funds/Q

New funds entering each quarter: 5 → 4 → 12 → 14. A growing number of institutions are discovering DFNL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 64% veterans vs 26% newcomers

■ 64% veterans ■ 10% 1-2yr ■ 26% new

Entry-cohort mix of 61 holders: 39 (64%) are 2+ year veterans, 6 entered 1–2 years ago, and 16 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds

14 of 60 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in DFNL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.3

out of 10

Moderate Exit Risk

Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	61	53	15.09%
13F Shares	7M	6M	21.62%
Total Value	$249M	$294M	-15.55%
New Positions	14	12	+2
Increased Positions	21	22	-1
Closed Positions	6	3	+3
Reduced Positions	12	11	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

15.09%

13F Shares

21.62%

Total Value

$249M

$294M

-15.55%

New Positions

Increased Positions

-1

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

61 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DFNL. Verified SEC 13F-HR filings.

QUARTER:

2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 DFNL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Beacon Harbor Wealth Advisors, Inc.	2.93%	292,783	$15.0M
2	Next Level Private LLC	0.78%	80,971	$4.0M
3	Davis Selected Advisers	0.45%	2,130,666	$105.2M
4	Arkansas Financial Group, INC.	0.45%	69,802	$3.4M
5	Sittner & Nelson, LLC	0.35%	22,233	$1.1M
6	Inspire Advisors, LLC	0.22%	65,059	$3.2M
7	Melone Private Wealth, LLC	0.21%	11,225	$554K
8	Regatta Research & Money Management	0.13%	2,853	$141K
9	Carson Advisory Inc.	0.12%	5,500	$272K
10	Foresight Capital Management Advisors, INC.	0.12%	5,164	$255K
11	Hilltop Holdings Inc.	0.12%	31,482	$1.6M
12	Atlas Wealth LLC	0.12%	16,847	$832K
13	Summit Wealth Group LLC / Co	0.09%	22,615	$1.1M
14	Millstone Evans Group, LLC	0.09%	3,300	$163K
15	Strategic Wealth Investment Group, LLC	0.07%	11,125	$549K
16	Diligent Investors, LLC	0.06%	5,446	$269K
17	Kovack Advisors, Inc.	0.02%	9,418	$465K
18	Geneos Wealth Management Inc.	0.02%	20,865	$1.0M
19	D.A. Davidson & CO.	0.02%	75,878	$3.7M
20	Key FInancial Inc	0.02%	2,497	$123K
21	Sanctuary Advisors, LLC	0.02%	87,892	$4.3M
22	J.W. Cole Advisors, INC.	0.02%	19,054	$941K
23	Prospera Financial Services Inc	0.01%	17,923	$885K
24	Flagship Harbor Advisors, LLC	0.01%	6,119	$302K
25	Truist Financial Corp	0.01%	139,337	$6.9M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Davis Fundamental ETF Tr (DFNL)

What does the Smart Money Trend signal show for DFNL?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added DFNL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DFNL?

More buyers than sellers — 66% buying: Last quarter: 35 funds were net buyers (14 opened a brand new position + 21 added to an existing one). Only 18 were sellers (12 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for DFNL holders?

Elite ownership — 40% AUM from top-100 funds: 14 of 60 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in DFNL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DFNL?

56% of holders stayed for 2+ years: 34 out of 61 hedge funds have held DFNL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Davis Fundamental ETF Tr (DFNL)

Smart Money Signals — DFNL

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +42% more funds vs a year ago

More buyers than sellers — 66% buying

Steady new buyers — ~14 new funds per quarter

56% of holders stayed for 2+ years

Buying through price weakness — shares +22%, value -16%

Growing discovery — still being found

Veteran-anchored — 64% veterans vs 26% newcomers

Elite ownership — 40% AUM from top-100 funds

Institutional Sentiment Summary — DFNL

Hedge Fund Ownership: DFNL

Market Analysis: DFNL

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: DFNL

Hedge Fund Positioning: DFNL

Statistics: DFNL

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Davis Fundamental ETF Tr (DFNL)

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