Who owns DBC (DBC)
Which tracked institutional funds hold DBC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DBC 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
The tracked-fund tape on DBC is one-sided between 2025-Q4 and 2026-Q1: 67 added or opened and 12 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
DBC’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, 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 gap the other way — the median holder sizes DBC more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DBC 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 219 tracked filers holding DBC, 87 increased or opened the position and 89 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 DBC 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 12
- SONA ASSET MANAGEMENT (US) LLC$5M
- Quadrature Capital Ltd$2M
- Integrated Wealth Concepts LLC$2M
- Point72 Asset Management, L.P.$2M
- Militia Capital Management LLC$2M
- Arrow Investment Advisors, LLC$1M
Full exits 4
- IFG Advisory, LLC$4M
- Sanctuary Advisors, LLC$2M
- Main Street Financial Solutions, LLC$765K
- CERTUITY, LLC$677K
Largest adds
- BANK OF AMERICA CORP /DE/$21M
- WELLS FARGO & COMPANY/MN$20M
- MORGAN STANLEY$17M
- GOLDMAN SACHS GROUP INC$15M
- JANE STREET GROUP, LLC$8M
- HighVista Strategies LLC$7M
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$21M
- JPMORGAN CHASE & CO$14M
- M&T Bank Corp$9M
- Advisory Services Network, LLC$4M
- Lido Advisors, LLC$3M
- Bank of New York Mellon Corp$2M
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 |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ trimmed | 3,903,829 | $113M | 17.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 3,416,374 | $99M | 15.3% | 2026-Q1 |
| MORGAN STANLEY added | 1,582,180 | $46M | 7.1% | 2026-Q1 |
| HighVista Strategies LLC | 1,057,238 | $31M | 4.7% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 803,698 | $23M | 3.6% | 2026-Q1 |
| LPL Financial LLC added | 632,728 | $18M | 2.8% | 2026-Q1 |
| Man Group plc added | 552,936 | $16M | 2.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 541,104 | $16M | 2.4% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 538,889 | $16M | 2.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 534,718 | $15M | 2.4% | 2026-Q1 |
| Palumbo Wealth Management LLC trimmed | 485,513 | $14M | 2.2% | 2026-Q1 |
| Avos Capital Management, LLC added | 445,222 | $13M | 2.0% | 2026-Q1 |
| Cordant, Inc. trimmed | 442,943 | $13M | 2.0% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC | 439,100 | $13M | 2.0% | 2026-Q1 |
| LOCKHEED MARTIN INVESTMENT MANAGEMENT CO trimmed | 330,000 | $10M | 1.5% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 285,241 | $8M | 1.3% | 2026-Q1 |
| Cetera Investment Advisers added | 250,997 | $7M | 1.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 244,242 | $7M | 1.1% | 2026-Q1 |
| Corient Private Wealth LLC added | 236,182 | $7M | 1.1% | 2026-Q1 |
| Creative Planning added | 233,688 | $7M | 1.0% | 2026-Q1 |
| Fund Evaluation Group, LLC | 185,314 | $5M | 0.8% | 2026-Q1 |
| SONA ASSET MANAGEMENT (US) LLC new | 175,000 | $5M | 0.8% | 2026-Q1 |
| Gladwyn Financial Advisors, Inc. trimmed | 165,763 | $5M | 0.7% | 2026-Q1 |
| Marino Management, LLC | 155,962 | $5M | 0.7% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 146,926 | $4M | 0.7% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 143,440 | $4M | 0.6% | 2026-Q1 |
| UBS Group AG trimmed | 140,062 | $4M | 0.6% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 137,753 | $4M | 0.6% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 135,833 | $4M | 0.6% | 2026-Q1 |
| Laird Norton Wetherby Trust Company, LLC | 129,122 | $4M | 0.6% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC | 122,209 | $4M | 0.5% | 2026-Q1 |
| KEYBANK NATIONAL ASSOCIATION/OH trimmed | 108,223 | $3M | 0.5% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 106,533 | $3M | 0.5% | 2026-Q1 |
| CSS LLC/IL trimmed | 106,422 | $3M | 0.5% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 97,941 | $3M | 0.4% | 2026-Q1 |
| INSIGNEO ADVISORY SERVICES, LLC trimmed | 97,927 | $3M | 0.4% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 93,676 | $3M | 0.4% | 2026-Q1 |
| Global Endowment Management, LP added | 92,547 | $3M | 0.4% | 2026-Q1 |
| Redhawk Wealth Advisors, Inc. added | 85,468 | $2M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 80,801 | $2M | 0.4% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 75,075 | $2M | 0.3% | 2026-Q1 |
| Hilltop Holdings Inc. trimmed | 74,471 | $2M | 0.3% | 2026-Q1 |
| BKM Wealth Management, LLC trimmed | 69,715 | $2M | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 68,340 | $2M | 0.3% | 2026-Q1 |
| Pathstone Holdings, LLC added | 67,185 | $2M | 0.3% | 2026-Q1 |
| Quadrature Capital Ltd trimmed | 65,863 | $2M | 0.3% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 65,304 | $2M | 0.3% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 59,780 | $2M | 0.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 59,314 | $2M | 0.3% | 2026-Q1 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO added | 58,894 | $2M | 0.3% | 2026-Q1 |
| Ashton Thomas Private Wealth, LLC added | 58,782 | $2M | 0.3% | 2026-Q1 |
| LOM Asset Management Ltd | 58,700 | $2M | 0.3% | 2026-Q1 |
| World Investment Advisors added | 57,204 | $2M | 0.3% | 2026-Q1 |
| Point72 Asset Management, L.P. new | 54,825 | $2M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 53,537 | $2M | 0.2% | 2026-Q1 |
| Militia Capital Management LLC new | 52,738 | $2M | 0.2% | 2026-Q1 |
| US BANCORP \DE\ added | 52,322 | $2M | 0.2% | 2026-Q1 |
| Arrow Investment Advisors, LLC trimmed | 47,087 | $1M | 0.2% | 2026-Q1 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV added | 44,366 | $1M | 0.2% | 2026-Q1 |
| Orion Porfolio Solutions, LLC added | 43,670 | $1M | 0.2% | 2026-Q1 |
| FIDUCIARY FINANCIAL GROUP, LLC trimmed | 41,977 | $1M | 0.2% | 2026-Q1 |
| Mariner, LLC trimmed | 41,825 | $1M | 0.2% | 2026-Q1 |
| Sigma Planning Corp trimmed | 41,335 | $1M | 0.2% | 2026-Q1 |
| IPG Investment Advisors LLC added | 41,045 | $1M | 0.2% | 2026-Q1 |
| Atlas Legacy Advisors, LLC trimmed | 40,720 | $1M | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 40,469 | $1M | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 40,079 | $1M | 0.2% | 2026-Q1 |
| TWO SIGMA SECURITIES, LLC added | 39,388 | $1M | 0.2% | 2026-Q1 |
| Mesirow Financial Investment Management, Inc. added | 39,214 | $1M | 0.2% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 38,293 | $1M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 38,174 | $1M | 0.2% | 2026-Q1 |
| NewEdge Wealth, LLC | 37,790 | $1M | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 36,852 | $1M | 0.2% | 2026-Q1 |
| J.Safra Asset Management Corp added | 35,840 | $1M | 0.2% | 2026-Q1 |
| &PARTNERS added | 35,678 | $1M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 34,111 | $988K | 0.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 33,848 | $980K | 0.2% | 2026-Q1 |
| Bleakley Financial Group, LLC | 33,553 | $971K | 0.2% | 2026-Q1 |
| Kingsview Wealth Management, LLC added | 33,433 | $968K | 0.2% | 2026-Q1 |
| MATHER GROUP, LLC. trimmed | 33,379 | $966K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 32,797 | $949K | 0.1% | 2026-Q1 |
| Arax Advisory Partners trimmed | 32,362 | $937K | 0.1% | 2026-Q1 |
| Wealthcare Advisory Partners LLC trimmed | 32,072 | $928K | 0.1% | 2026-Q1 |
| NWAM LLC trimmed | 31,231 | $904K | 0.1% | 2026-Q1 |
| M&T Bank Corp trimmed | 31,206 | $903K | 0.1% | 2026-Q1 |
| IEQ CAPITAL, LLC | 30,610 | $886K | 0.1% | 2026-Q1 |
| National Philanthropic Trust | 28,912 | $837K | 0.1% | 2026-Q1 |
| CHOREO, LLC trimmed | 28,053 | $812K | 0.1% | 2026-Q1 |
| FIRST HORIZON CORP added | 24,928 | $722K | 0.1% | 2026-Q1 |
| NORTHBRIDGE FINANCIAL GROUP, LLC trimmed | 24,878 | $720K | 0.1% | 2026-Q1 |
| My Portfolio Guide, LLC new | 24,194 | $700K | 0.1% | 2026-Q1 |
| IFG Advisory, LLC added | 172,390 | $4M | 0.6% | 2025-Q4 stale |
| OLYMPUS WEALTH MANAGEMENT, LLC trimmed | 151,160 | $3M | 0.5% | 2025-Q2 stale |
| Sanctuary Advisors, LLC added | 99,157 | $2M | 0.3% | 2025-Q4 stale |
| Aureus Asset Management, LLC | 70,900 | $2M | 0.2% | 2025-Q3 stale |
| CENTAURUS FINANCIAL, INC. added | 49,861 | $1M | 0.2% | 2025-Q1 stale |
| Atria Wealth Solutions, Inc. trimmed | 45,085 | $983K | 0.2% | 2025-Q2 stale |
| CreativeOne Wealth, LLC added | 35,710 | $779K | 0.1% | 2025-Q2 stale |
| Main Street Financial Solutions, LLC trimmed | 34,200 | $765K | 0.1% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 33,221 | $725K | 0.1% | 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.