Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

DAVIS FUNDAMENTAL ETF TR (DFNL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
70%

Smart Money Signals — DFNL

Based on 51 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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
51 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.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 70% buying

33 buying14 selling
Last quarter: 33 funds were net buyers (11 opened a brand new position + 22 added to an existing one). Only 14 were sellers (11 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new DFNL position: 4 → 4 → 4 → 11. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 18% medium ■ 24% new
30 out of 51 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.
💰

Value +41% but shares only +24% — price-driven

Value
+41%
Shares
+24%
Last quarter: the total dollar value of institutional holdings rose +41%, but actual share count only changed +24%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

4 → 4 → 4 → 4 → 11 new funds/Q
New funds entering each quarter: 4 → 4 → 4 → 11. A growing number of institutions are discovering DFNL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 10% 1-2yr ■ 25% new
Of 51 current holders: 33 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
9 of 51 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Hedge Fund Ownership: DFNL

How many hedge funds hold DFNL — quarterly history vs. share price
Quarterly hedge fund ownership of DFNL vs. share price

Market Analysis: DFNL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DFNL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: DFNL
2026 Q1 Stats Unlock in 10 days 51 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 51 43 18.6%
13F Shares 6M 5M 24.38%
Total Value $293M $208M 41.0%
New Positions 11 4 +7
Increased Positions 22 11 +11
Closed Positions 3 6 -3
Reduced Positions 11 15 -4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DFNL

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

51 + investors

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

Top 25 institutional holders of DFNL — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Willow Financial LLC 5.33% 117,411 $5.3M
2 Next Level Private LLC 0.83% 81,723 $3.7M
3 DAVIS SELECTED ADVISERS 0.44% 2,130,666 $95.5M
4 ARKANSAS FINANCIAL GROUP, INC. 0.40% 61,463 $2.9M
5 Melone Private Wealth, LLC 0.21% 11,525 $517K
6 Carson Advisory Inc. 0.13% 5,500 $247K
7 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.13% 5,075 $228K
8 THRIVENT FINANCIAL FOR LUTHERANS 0.12% 1,424,747 $64K
9 SUMMIT WEALTH GROUP LLC / CO 0.11% 22,815 $1.0M
10 Millstone Evans Group, LLC 0.09% 3,300 $148K
11 Diligent Investors, LLC 0.06% 5,446 $244K
12 J.W. COLE ADVISORS, INC. 0.03% 21,104 $946K
13 Geneos Wealth Management Inc. 0.02% 20,866 $936K
14 Sanctuary Advisors, LLC 0.02% 89,380 $4.0M
15 D.A. DAVIDSON & CO. 0.02% 78,253 $3.5M
16 Key FInancial Inc 0.02% 2,497 $112K
17 Prospera Financial Services Inc 0.01% 17,765 $797K
18 FLAGSHIP HARBOR ADVISORS, LLC 0.01% 6,119 $274K
19 TRUIST FINANCIAL CORP 0.01% 138,949 $6.2M
20 Kestra Advisory Services, LLC 0.01% 45,860 $2.1M
21 HighTower Advisors, LLC 0.01% 126,867 $5.7M
22 Capital Investment Advisory Services, LLC 0.01% 1,577 $71K
23 LPL Financial LLC 0.00% 415,571 $18.6M
24 Envestnet Portfolio Solutions, Inc. 0.00% 18,507 $830K
25 Coston, McIsaac & Partners 0.00% 448 $20K
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 — 1 quarter in a row: For 1 consecutive quarter, 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 — 70% buying: Last quarter: 33 funds were net buyers (11 opened a brand new position + 22 added to an existing one). Only 14 were sellers (11 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for DFNL holders?

Strong quality — 35% AUM from major funds: 9 of 51 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held DFNL?

59% of holders stayed for 2+ years: 30 out of 51 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.