Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exchange Traded Fd (DVOL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
37%

Smart Money Signals — DVOL

Based on 38 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
38 hedge funds hold DVOL 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 — +36% more funds vs a year ago

fund count last 6Q
+10 new funds entered over the past year (+36% 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.
🔴

Heavy selling pressure — only 37% buying

13 buying22 selling
Last quarter: 22 funds sold vs only 13 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~5 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 7 → 6 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 21% medium ■ 29% new
19 out of 38 hedge funds have held DVOL 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.
📊

Peak discovery — momentum slowing

3 → 8 → 7 → 6 → 5 new funds/Q
New funds entering each quarter: 8 → 7 → 6 → 5. DVOL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 53% veterans vs 32% newcomers

■ 53% veterans ■ 16% 1-2yr ■ 32% new
Entry-cohort mix of 38 holders: 20 (53%) are 2+ year veterans, 6 entered 1–2 years ago, and 12 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 16% AUM from top-100

16% from top-100 AUM funds
9 of 37 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — 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.

Institutional Sentiment Summary — DVOL

In 2026 Q1, 13 hedge funds were net buyers of DVOL (5 opened a new position, 8 added to an existing one), while 22 reduced or exited (17 trimmed, 5 sold completely) — a 37% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 38.

Hedge Fund Ownership: DVOL

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

Market Analysis: DVOL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DVOL

-- --

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

Is It Too Late to Buy First Tr Exchange Traded Fd (DVOL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DVOL has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 89d ago
DVOL
+6.3%
SPY
+12.4%

DVOL outperformed SPY by -6.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 44d ago
DVOL
+0.4%
SPY
-1.1%

Since the filing became public, DVOL outperformed SPY by +1.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 1 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: DVOL
38 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 38 38 -
13F Shares 2M 2M -14.14%
Total Value $52M $63M -16.11%
New Positions 5 6 -1
Increased Positions 8 13 -5
Closed Positions 5 6 -1
Reduced Positions 17 13 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DVOL

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

38 + investors

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

QUARTER:
Top 25 DVOL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Park Square Financial Group, LLC 2.29% 8,724 $302K
2 Csenge Advisory Group 1.08% 680,567 $23.5M
3 Warner Group LLC 0.28% 12,518 $433K
4 Balefire, LLC 0.22% 33,142 $1.1M
5 MTM Investment Management, LLC 0.12% 10,530 $364K
6 Nilsine Partners, LLC 0.11% 37,494 $1.4M
7 Private Advisory Group LLC 0.09% 37,688 $1.3M
8 Private Trust Co NA 0.02% 6,578 $227K
9 Prospera Financial Services Inc 0.02% 28,783 $995K
10 Sigma Planning Corp 0.01% 15,082 $521K
11 Sanctuary Advisors, LLC 0.01% 27,824 $962K
12 Hilton Head Capital Partners, LLC 0.00% 251 $9K
13 Mutual Advisors, LLC 0.00% 6,563 $227K
14 Farther Finance Advisors, LLC 0.00% 14,200 $496K
15 Measured Wealth Private Client Group, LLC 0.00% 488 $17K
16 Cwm, LLC 0.00% 49,186 $1.7M
17 Concurrent Investment Advisors, LLC 0.00% 10,985 $380K
18 Baird Financial Group, Inc. 0.00% 75,875 $2.6M
19 Independent Advisor Alliance 0.00% 8,013 $277K
20 Raymond James Financial Inc 0.00% 146,366 $5.1M
21 Allworth Financial LP 0.00% 9,218 $319K
22 LPL Financial LLC 0.00% 87,813 $3.0M
23 Cetera Investment Advisers 0.00% 19,851 $686K
24 Fifth Third Bancorp 0.00% 9,895 $342K
25 Two Sigma Investments, LP 0.00% 12,609 $436K
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 — First Tr Exchange Traded Fd (DVOL)

What does the Smart Money Trend signal show for DVOL?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for DVOL?

Heavy selling pressure — only 37% buying: Last quarter: 22 funds sold vs only 13 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for DVOL holders?

Smaller funds dominant — 16% AUM from top-100: 9 of 37 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DVOL?

50% of holders stayed for 2+ years: 19 out of 38 hedge funds have held DVOL 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.

Is it too late to buy First Tr Exchange Traded Fd (DVOL) following the 2026 Q1 hedge fund 13F filings?

As of today, DVOL has moved +0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the SPY sector ETF — an outperformance of +1.5%. Since the quarter end (March 31, 2026), DVOL has gained +6.3% vs +12.4% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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