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Who owns DFNL?

Institutional ownership of Davis Select Financial ETF from Form 13F, Q2 2026

64 institutional managers reported holding Davis Select Financial ETF (DFNL) in Form 13F filings for Q2 2026, with 6,513,210 shares worth $322M. The largest reported holder was Davis Selected Advisers. Managers that filed both quarters cut a net 376,214 shares (-5.5%). 7 opened new positions and 4 sold out.

Funds holding
64
Value held
$322M
New / sold out
7 / 4
Net shares, same filers
-5.5%

Holdings as of June 30, 2026, the end of Q2 2026. Managers have 45 days after a quarter ends to file Form 13F (by August 14, 2026 for Q2 2026), so positions may have changed since.

Largest holders of DFNL

FundValueShare of 13F holdingsSharesMove
Davis Selected Advisers$105M32.7%2,130,666Unchanged
Morgan Stanley$41.1M12.8%831,587Trimmed
Thrivent Financial for Lutherans$36.5M11.4%739,792Trimmed
LPL Financial LLC$19.1M5.9%386,789Trimmed
Bank of America Corp$18.4M5.7%372,733Added
Beacon Harbor Wealth Advisors, Inc.$15.0M4.5%292,783New
Envestnet Asset Management Inc$7.0M2.2%140,912Trimmed
Truist Financial Corp$6.9M2.1%139,337Added
Northwestern Mutual Wealth Management Co$6.6M2.0%133,317Added
Royal Bank of Canada$6.4M2.0%129,929Added
HighTower Advisors, LLC$6.2M1.9%125,084Trimmed
UBS Group AG$5.4M1.7%109,992Added
Sanctuary Advisors, LLC$4.3M1.3%87,892Trimmed
Next Level Private LLC$4.0M1.2%80,971Trimmed
D.a. Davidson & Co.$3.7M1.2%75,878Trimmed
Arkansas Financial Group, Inc.$3.4M1.1%69,802Added
Inspire Advisors, LLC$3.2M1.0%65,059Added
Raymond James Financial Inc$2.6M0.8%51,947Trimmed
Kestra Advisory Services, LLC$2.3M0.7%47,344Added
Jane Street Group, LLC$2.3M0.7%47,313Trimmed
Flow Traders U.s. LLC$1.6M0.5%32,314New
Hilltop Holdings Inc.$1.6M0.5%31,482Added
Envestnet Portfolio Solutions, Inc.$1.4M0.4%28,323Added
Osaic Holdings, Inc.$1.4M0.4%27,765Trimmed
Summit Wealth Group LLC / Co$1.1M0.3%22,615Trimmed

Share of 13F holdings is each fund's shares as a share of the 6,513,210 DFNL shares all 13F filers reported, not of shares outstanding.

Biggest buyers in Q2 2026

  1. Beacon Harbor Wealth Advisors, Inc. New+$15.0M
  2. Bank of America Corp Added+$8.1M
  3. Flow Traders U.s. LLC New+$1.6M
  4. UBS Group AG Added+$595K
  5. Envestnet Portfolio Solutions, Inc. Added+$485K
  6. Arkansas Financial Group, Inc. Added+$412K
  7. Hilltop Holdings Inc. Added+$343K
  8. Ameritas Advisory Services, LLC New+$315K
  9. Daymark Wealth Partners, LLC New+$244K
  10. Inspire Advisors, LLC Added+$167K

Biggest sellers in Q2 2026

  1. Thrivent Financial for Lutherans Trimmed-$33.8M
  2. Jane Street Group, LLC Trimmed-$3.4M
  3. Citadel Advisors LLC Sold out-$3.2M
  4. Raymond James Financial Inc Trimmed-$1.5M
  5. LPL Financial LLC Trimmed-$1.4M
  6. Morgan Stanley Trimmed-$993K
  7. &partners Sold out-$216K
  8. Janney Montgomery Scott LLC Trimmed-$169K
  9. Susquehanna International Group, LLP Trimmed-$169K
  10. Mercer Global Advisors Inc Trimmed-$151K

The change in shares since the quarter before, adjusted for stock splits and priced at the Q2 2026 value per share. Funds bought $28.1M and sold $45.8M; 18 added and 21 trimmed.

Questions about DFNL ownership

Who owns DFNL stock?
64 institutional investment managers reported DFNL positions in their Form 13F filings for Q2 2026, holding 6,513,210 shares worth $322M in total. Davis Selected Advisers reported the largest position.
Are funds buying or selling DFNL?
In Q2 2026, 7 managers opened new DFNL positions, 18 added, 21 trimmed and 4 sold out. Managers that filed in both quarters sold a net 376,214 shares.
How current is this DFNL institutional ownership data?
It covers holdings as of the end of Q2 2026. Managers have 45 days after the quarter ends to file Form 13F (by August 14, 2026 for Q2 2026), so positions may have changed since.

From the SEC's Form 13F data sets for Q2 2026: every 13F holdings report, matched to DFNL by CUSIP. Options are left out. DFNL news and filings · DFNL insider trades · Top funds