Who owns DBAW
Which tracked institutional funds hold DBAW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DBAW company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on DBAW is one-sided between 2026-Q1 and 2026-Q2: 15 added or opened and 3 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
DBAW’s largest tracked holder by dollar value, RAYMOND JAMES FINANCIAL INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DBAW divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 42 tracked filers holding DBAW, 22 increased or opened the position and 19 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in DBAW between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 1
- Integrated Wealth Concepts LLC$2M
Full exits 2
- Leo Wealth, LLC$8M
- CWM, LLC$1M
Largest adds
- ARQ WEALTH ADVISORS, LLC$6M
- LPL Financial LLC$4M
- MORGAN STANLEY$4M
- BANK OF AMERICA CORP /DE/$4M
- RAYMOND JAMES FINANCIAL INC$3M
- Ameritas Advisory Services, LLC$1M
Largest trims
- AMERIPRISE FINANCIAL INC$594K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL INC trimmed | 602,463 | $29M | 16.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 592,132 | $29M | 16.0% | 2026-Q2 |
| LPL Financial LLC added | 569,474 | $28M | 15.4% | 2026-Q2 |
| MORGAN STANLEY added | 367,265 | $18M | 9.9% | 2026-Q2 |
| ARQ WEALTH ADVISORS, LLC added | 367,976 | $18M | 9.8% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 258,260 | $13M | 7.0% | 2026-Q2 |
| Private Advisor Group, LLC added | 80,744 | $4M | 2.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 68,985 | $3M | 1.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 53,036 | $3M | 1.4% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 52,697 | $3M | 1.4% | 2026-Q2 |
| Aaron Wealth Advisors LLC | 45,273 | $2M | 1.2% | 2026-Q2 |
| Dynamic Advisor Solutions LLC trimmed | 39,914 | $2M | 1.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 37,448 | $2M | 1.0% | 2026-Q2 |
| Empirical Asset Management, LLC added | 36,271 | $2M | 1.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 34,787 | $2M | 0.9% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 33,931 | $2M | 0.9% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 30,528 | $1M | 0.8% | 2026-Q2 |
| Kaydan Wealth Management, Inc. trimmed | 22,991 | $1M | 0.6% | 2026-Q2 |
| Sound Income Strategies, LLC added | 21,875 | $1M | 0.6% | 2026-Q2 |
| Nova Wealth Management, Inc. trimmed | 21,162 | $1M | 0.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 20,269 | $983K | 0.5% | 2026-Q2 |
| UBS Group AG trimmed | 20,116 | $975K | 0.5% | 2026-Q2 |
| Lido Advisors, LLC added | 12,648 | $613K | 0.3% | 2026-Q2 |
| Cerity Partners LLC added | 10,315 | $500K | 0.3% | 2026-Q2 |
| Mission Creek Capital Partners, Inc. | 7,429 | $360K | 0.2% | 2026-Q2 |
| CreativeOne Wealth, LLC trimmed | 7,375 | $358K | 0.2% | 2026-Q2 |
| Whitaker-Myers Wealth Managers, LTD. trimmed | 7,303 | $354K | 0.2% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV new | 6,607 | $320K | 0.2% | 2026-Q2 |
| Alpha Financial Advisors, LLC added | 5,459 | $265K | 0.1% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 5,011 | $243K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 4,780 | $232K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 3,429 | $166K | 0.1% | 2026-Q2 |
| Aptus Capital Advisors, LLC trimmed | 3,133 | $152K | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. | 2,880 | $140K | 0.1% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC trimmed | 2,095 | $102K | 0.1% | 2026-Q2 |
| Larson Financial Group LLC | 1,724 | $84K | 0.0% | 2026-Q2 |
| IFG Advisory, LLC new | 1,400 | $68K | 0.0% | 2026-Q2 |
| FMR LLC | 334 | $16K | 0.0% | 2026-Q2 |
| LRI Investments, LLC | 300 | $15K | 0.0% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ new | 207 | $10K | 0.0% | 2026-Q2 |
| ASSETMARK, INC new | 171 | $8K | 0.0% | 2026-Q2 |
| Glass Jacobson Investment Advisors llc | 107 | $5K | 0.0% | 2026-Q2 |
| Leo Wealth, LLC added | 180,481 | $8M | 4.3% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC added | 28,773 | $1M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC trimmed | 11,336 | $484K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| VestGen Advisors, LLC new | 4,898 | $226K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Farther Finance Advisors, LLC | 217 | $9K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| PITTENGER & ANDERSON INC new | 71 | $3K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| PNC Financial Services Group, Inc. | 3,090 | $127K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Peck Wealth Management, LLC | 2,767 | $114K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| COMERICA BANK | 855 | $35K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| FLOW TRADERS U.S. LLC trimmed | 20,813 | $820K | 0.5% | 2025-Q3 stale (3 quarters behind) |
| PRINCIPAL SECURITIES, INC. | 367 | $14K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Focus Partners Wealth added | 17,493 | $641K | 0.4% | 2025-Q2 stale (4 quarters behind) |
| COMMONWEALTH EQUITY SERVICES, LLC new | 17,052 | $625K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.