Who owns DBAW (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-Q1 13F filings. 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
8 tracked funds added or opened DBAW while 4 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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 2025-Q4 and 2026-Q1, across 43 tracked filers holding DBAW, 19 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 2025-Q4 and 2026-Q1 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
- CITADEL ADVISORS LLC$4M
Largest adds
- ARQ WEALTH ADVISORS, LLC$2M
- MORGAN STANLEY$1M
- BANK OF AMERICA CORP /DE/$856K
- Leo Wealth, LLC$734K
- RAYMOND JAMES FINANCIAL INC$713K
- LPL Financial LLC$634K
Largest trims
- Aptus Capital Advisors, LLC$4M
- AMERIPRISE FINANCIAL INC$3M
- JANE STREET GROUP, LLC$1M
- ROYAL BANK OF CANADA$261K
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 | 609,928 | $26M | 17.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 581,547 | $25M | 16.4% | 2026-Q1 |
| LPL Financial LLC trimmed | 552,412 | $24M | 15.6% | 2026-Q1 |
| MORGAN STANLEY added | 325,711 | $14M | 9.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 307,164 | $13M | 8.7% | 2026-Q1 |
| ARQ WEALTH ADVISORS, LLC added | 261,803 | $11M | 7.4% | 2026-Q1 |
| Leo Wealth, LLC added | 180,481 | $8M | 5.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 82,142 | $4M | 2.3% | 2026-Q1 |
| Private Advisor Group, LLC added | 65,200 | $3M | 1.8% | 2026-Q1 |
| Dynamic Advisor Solutions LLC trimmed | 50,152 | $2M | 1.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 50,031 | $2M | 1.4% | 2026-Q1 |
| Aaron Wealth Advisors LLC trimmed | 45,273 | $2M | 1.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 41,767 | $2M | 1.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 35,136 | $2M | 1.0% | 2026-Q1 |
| Empirical Asset Management, LLC trimmed | 34,361 | $1M | 1.0% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 30,414 | $1M | 0.8% | 2026-Q1 |
| CWM, LLC added | 28,773 | $1M | 0.8% | 2026-Q1 |
| Kaydan Wealth Management, Inc. trimmed | 23,417 | $1,000K | 0.7% | 2026-Q1 |
| Nova Wealth Management, Inc. added | 23,146 | $993K | 0.7% | 2026-Q1 |
| UBS Group AG trimmed | 20,271 | $865K | 0.6% | 2026-Q1 |
| Sound Income Strategies, LLC added | 17,328 | $749K | 0.5% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 16,743 | $715K | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 11,336 | $484K | 0.3% | 2026-Q1 |
| Cerity Partners LLC | 10,311 | $440K | 0.3% | 2026-Q1 |
| Whitaker-Myers Wealth Managers, LTD. added | 8,185 | $349K | 0.2% | 2026-Q1 |
| CreativeOne Wealth, LLC | 7,582 | $324K | 0.2% | 2026-Q1 |
| Mission Creek Capital Partners, Inc. trimmed | 7,429 | $317K | 0.2% | 2026-Q1 |
| Lido Advisors, LLC new | 7,300 | $312K | 0.2% | 2026-Q1 |
| Ameritas Advisory Services, LLC | 6,313 | $270K | 0.2% | 2026-Q1 |
| Alpha Financial Advisors, LLC | 5,456 | $233K | 0.2% | 2026-Q1 |
| VestGen Advisors, LLC new | 4,898 | $226K | 0.1% | 2026-Q1 |
| Cetera Investment Advisers added | 5,230 | $223K | 0.1% | 2026-Q1 |
| Aptus Capital Advisors, LLC trimmed | 4,738 | $202K | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. | 2,880 | $123K | 0.1% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC trimmed | 2,219 | $95K | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,765 | $75K | 0.0% | 2026-Q1 |
| Larson Financial Group LLC trimmed | 1,724 | $74K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 778 | $33K | 0.0% | 2026-Q1 |
| FMR LLC trimmed | 334 | $14K | 0.0% | 2026-Q1 |
| LRI Investments, LLC | 300 | $13K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC | 217 | $9K | 0.0% | 2026-Q1 |
| Glass Jacobson Investment Advisors llc | 107 | $5K | 0.0% | 2026-Q1 |
| PITTENGER & ANDERSON INC new | 71 | $3K | 0.0% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 20,813 | $820K | 0.5% | 2025-Q3 stale |
| Compound Planning, Inc. new | 19,134 | $677K | 0.4% | 2025-Q1 stale |
| Focus Partners Wealth added | 17,493 | $641K | 0.4% | 2025-Q2 stale |
| COMMONWEALTH EQUITY SERVICES, LLC new | 17,052 | $625K | 0.4% | 2025-Q2 stale |
| PNC Financial Services Group, Inc. | 3,090 | $127K | 0.1% | 2025-Q4 stale |
| Peck Wealth Management, LLC | 2,767 | $114K | 0.1% | 2025-Q4 stale |
| COMERICA BANK | 855 | $35K | 0.0% | 2025-Q4 stale |
| PRINCIPAL SECURITIES, INC. | 367 | $14K | 0.0% | 2025-Q3 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
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.