Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIRST TRUST DORSEY WRIGHT MOMENTUM & LOW VOLATILITY ETF (DVOL)

36 + 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
↑ +3
Streak
5Q ▲
Buyers last Q
53%

Smart Money Signals — DVOL

Based on 36 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added DVOL 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
36 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 — +50% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+50% 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.
🟡

Slight buying edge — 53% buying

18 buying16 selling
Last quarter: 18 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~6 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 7 → 5 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 17% medium ■ 25% new
21 out of 36 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.
➡️

Steady discovery — ~6 new funds/quarter

3 → 3 → 7 → 5 → 6 new funds/Q
New funds entering each quarter: 3 → 7 → 5 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 11% 1-2yr ■ 28% new
Of 36 current holders: 22 (61%) 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 — 22% AUM from major funds

22% from top-100 AUM funds
8 of 36 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 2025 Q4, 18 hedge funds were net buyers of DVOL (6 opened a new position, 12 added to an existing one), while 16 reduced or exited (13 trimmed, 3 sold completely) — a 53% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 22% of total institutional value in DVOL is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 36.

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

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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.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: DVOL
2026 Q1 Stats Unlock in 9 days 36 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 36 33 9.09%
13F Shares 2M 2M 2.54%
Total Value $62M $61M 1.33%
New Positions 6 5 +1
Increased Positions 12 10 +2
Closed Positions 3 4 -1
Reduced Positions 13 12 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DVOL

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Financial Highlights

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Institutional Holders (2026 Q1)

36 + investors

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

Top 21 institutional holders of DVOL — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Csenge Advisory Group 1.08% 680,567 $23.5M
2 Warner Group LLC 0.28% 12,518 $433K
3 Balefire, LLC 0.22% 33,142 $1.1M
4 MTM Investment Management, LLC 0.12% 10,530 $364K
5 Nilsine Partners, LLC 0.11% 37,494 $1.4M
6 Private Advisory Group LLC 0.09% 37,688 $1.3M
7 PRIVATE TRUST CO NA 0.02% 6,578 $227K
8 Prospera Financial Services Inc 0.02% 28,783 $995K
9 Sigma Planning Corp 0.01% 15,082 $521K
10 Sanctuary Advisors, LLC 0.01% 27,824 $962K
11 Hilton Head Capital Partners, LLC 0.00% 251 $9K
12 Mutual Advisors, LLC 0.00% 6,563 $227K
13 Farther Finance Advisors, LLC 0.00% 14,200 $496K
14 Concurrent Investment Advisors, LLC 0.00% 10,985 $380K
15 Cambridge Investment Research Advisors, Inc. 0.00% 17,352 —
16 LPL Financial LLC 0.00% 87,813 $3.0M
17 FIFTH THIRD BANCORP 0.00% 9,895 $342K
18 Spire Wealth Management 0.00% 150 $5K
19 ENVESTNET ASSET MANAGEMENT INC 0.00% 7,133 $247K
20 UBS Group AG 0.00% 589 $20K
21 WELLS FARGO & COMPANY/MN 0.00% — —
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 TRUST DORSEY WRIGHT MOMENTUM & LOW VOLATILITY ETF (DVOL)

What does the Smart Money Trend signal show for DVOL?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added DVOL 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 DVOL?

Slight buying edge — 53% buying: Last quarter: 18 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DVOL holders?

Strong quality — 22% AUM from major funds: 8 of 36 holders rank in the top 100 by AUM, accounting for 22% 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 DVOL?

58% of holders stayed for 2+ years: 21 out of 36 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.

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.