Who Owns Davis Select Financial ETF (DFNL)?Hedge Fund & Institutional Holders

$44.23-0.17 (-0.38%)Financial ServicesBATS

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$1.0296048000220003e+161T

% of Float Held

—

QoQ Change in Holders

+15 / -3

Price History

$34.38$38.23$42.08$45.92$49.77Sep 24Jun 25Mar 26

DFNL — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
THRIVENT FINANCIAL FOR LUTHERANSNew Position+859K+$41.0M
Sanctuary Advisors, LLCNew Position+338K+$14.4M
Next Level Private LLCNew Position+82K+$3.9M
D.A. DAVIDSON & CO.New Position+79K+$3.8M
ARKANSAS FINANCIAL GROUP, INC.New Position+57K+$2.8M
J.W. COLE ADVISORS, INC.New Position+23K+$1.1M
SUMMIT WEALTH GROUP LLC / CONew Position+22K+$1.1M
Hilltop Holdings Inc.New Position+29K+$1.0M
Janney Montgomery Scott LLCNew Position+21K+$1.0M
Geneos Wealth Management Inc.New Position+21K+$998K
Perigon Wealth Management, LLCNew Position+18K+$872K
Melone Private Wealth, LLCNew Position+12K+$557K
Carson Advisory Inc.New Position+6K+$265K
Millstone Evans Group, LLCNew Position+3K+$159K
Key FInancial IncNew Position+2K+$120K

DFNL — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
UBS Group AGDecreased-6K-$4.4B
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CODecreased-17K-$3.9B
STIFEL FINANCIAL CORPDecreased-4K-$1.2B
Prospera Financial Services IncDecreased-1K-$878.3M
Atlas Wealth LLCDecreased-1K-$808.5M
Rockefeller Capital Management L.P.Decreased-175-$463.8M
MERCER GLOBAL ADVISORS INC /ADVDecreased-8-$399.1M
CAPTRUST FINANCIAL ADVISORSDecreased-25-$366.3M
Diligent Investors, LLCDecreased-293-$259.3M
GTS SECURITIES LLCClosed Position-5K-$207.2M
Kathleen S. Wright Associates Inc.Closed Position-3K-$141.3M
FLOW TRADERS U.S. LLCClosed Position-11K-$510K

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1DAVIS SELECTED ADVISERS2,130,361$103.0M0.46%Share
2MORGAN STANLEY998,160$48.0M0.00%Share
3THRIVENT FINANCIAL FOR LUTHERANS459,281$22.0M0.04%Share
4NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO68,340$19.8M0.01%Share
5THRIVENT FINANCIAL FOR LUTHERANS399,701$19.0M0.03%Share
6LPL Financial LLC396,816$19.0M0.01%Share
7BANK OF AMERICA CORP /DE/151,946$7.0M0.00%Share
8HighTower Advisors, LLC128,853$6.0M0.01%Share
9UBS Group AG90,972$4.4M0.00%Share
10Sanctuary Advisors, LLC85,475$4.1M0.02%Share
11Next Level Private LLC81,723$3.9M1.04%Share
12D.A. DAVIDSON & CO.78,712$3.8M0.02%Share
13Sanctuary Advisors, LLC85,303$3.7M0.02%Share
14Sanctuary Advisors, LLC83,528$3.3M0.02%Share
15Sanctuary Advisors, LLC83,528$3.3M0.02%Share
16ARKANSAS FINANCIAL GROUP, INC.57,284$2.8M0.40%Share
17BANK OF AMERICA CORP /DE/47,295$2.0M0.00%Share
18Kestra Advisory Services, LLC43,387$2.0M0.01%Share
19ROYAL BANK OF CANADA51,806$2.0M0.00%Share
20RAYMOND JAMES FINANCIAL INC52,780$2.0M0.00%Share
21Axiom Financial Strategies, LLC26,368$1.3M0.54%Share
22J.W. COLE ADVISORS, INC.23,316$1.1M0.03%Share
23SUMMIT WEALTH GROUP LLC / CO22,449$1.1M0.14%Share
24SITTNER & NELSON, LLC20,233$1.0M0.36%Share
25RAYMOND JAMES FINANCIAL INC27,984$1.0M0.00%Share
26OSAIC HOLDINGS, INC.25,743$1.0M0.00%Share
27STIFEL FINANCIAL CORP22,781$1.0M0.00%Share
28Janney Montgomery Scott LLC20,993$1.0M0.00%Share
29Hilltop Holdings Inc.29,239$1.0M0.06%Share
30Geneos Wealth Management Inc.20,658$998K0.02%Share
31Perigon Wealth Management, LLC18,044$872K0.02%Share
32Atlas Wealth LLC16,847$814K0.25%Share
33Melone Private Wealth, LLC11,525$557K0.24%Share
34DAVENPORT & Co LLC9,802$473K0.00%Share
35Modern Wealth Management, LLC9,560$462K0.01%Share
36FLAGSHIP HARBOR ADVISORS, LLC7,319$353K0.02%Share
37Carson Advisory Inc.5,500$265K0.14%Share
38Diligent Investors, LLC5,446$263K0.06%Share
39Millstone Evans Group, LLC3,300$159K0.09%Share
40Key FInancial Inc2,497$120K0.02%Share
41CWM, LLC1,741$84K0.00%Share
42Capital Investment Advisory Services, LLC1,577$76K0.01%Share
43COMERICA BANK1,280$61K0.00%Share
44Allworth Financial LP715$34K0.00%Share
45Coston, McIsaac & Partners306$14K0.00%Share
46LRI Investments, LLC170$8K0.00%Share
47Lodestone Wealth Management LLC165$7K0.00%Share
48Central Pacific Bank - Trust Division80$3K0.00%Share
49CAPTRUST FINANCIAL ADVISORS8,075$00.00%Share
50MERCER GLOBAL ADVISORS INC /ADV8,818$00.00%Share

DFNL Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 202554$296.1M+23
Q3 202531$193.6B-11
Q2 202542$155.7B-3
Q1 202545$187.1B+2
Q4 202443$1.6T+7
Q3 202436$55.8T+2
Q2 202434$48.3T+0
Q1 202434$45.8T—

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As of Q4 2025, 50 institutional investors hold DFNL (Davis Select Financial ETF). The largest holder is DAVIS SELECTED ADVISERS with $103.0M in shares. This quarter, 15 institutions opened new positions and 3 closed their positions.

Frequently Asked Questions

How many hedge funds own DFNL?

As of Q4 2025, 50 institutional investors report holding DFNL (Davis Select Financial ETF) in their 13F filings.

Who is the largest institutional holder of DFNL?

The largest institutional holder of DFNL is DAVIS SELECTED ADVISERS with $103.0M in shares.

Is institutional ownership of DFNL increasing or decreasing?

This quarter, 15 institutions opened new positions in DFNL and 3 closed their positions.