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Institutional Ownership · SEC Form 13F

Who owns DBEF (DBEF)


Which tracked institutional funds hold DBEF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DBEF 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.

431
Institutional holders
122,702,975
Shares held (tracked funds)

How the tape is positioned

107 tracked funds added or opened DBEF while 55 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

DBEF’s largest tracked holder by dollar value, GOLDMAN SACHS GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.1pp gap the other way — the median holder sizes DBEF more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in DBEF 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 431 tracked filers holding DBEF, 202 increased or opened the position and 167 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 DBEF 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 13

  • FLOW TRADERS U.S. LLC$54M
  • DROMS STRAUSS ADVISORS INC /MO/ /ADV$16M
  • Hartford Financial Management Inc.$5M
  • Philadelphia Investment Partners, LLC$5M
  • VestGen Advisors, LLC$2M
  • LexAurum Advisors, LLC$1M

Full exits 16

  • O'Brien Wealth Partners LLC$58M
  • COMERICA BANK$48M
  • Wealth Advisory Team LLC$11M
  • CITADEL ADVISORS LLC$9M
  • Investor's Fiduciary Advisor Network, LLC$6M
  • SB Capital Management Inc$4M

Largest adds

  • NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$288M
  • ENVESTNET ASSET MANAGEMENT INC$109M
  • FIFTH THIRD BANCORP$45M
  • GOLDMAN SACHS GROUP INC$34M
  • AMERIPRISE FINANCIAL INC$29M
  • Hilltop Partners LLC$16M

Largest trims

  • WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$53M
  • LPL Financial LLC$28M
  • Corient Private Wealth LLC$26M
  • MERCER GLOBAL ADVISORS INC /ADV$26M
  • NewEdge Advisors, LLC$19M
  • Savvy Advisors, Inc.$14M

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).

FundSharesReported value% of valueQuarter
GOLDMAN SACHS GROUP INC added20,710,546$1.0B17.4%2026-Q1
AMERIPRISE FINANCIAL INC added14,441,370$714M12.2%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added7,572,286$374M6.4%2026-Q1
MORGAN STANLEY trimmed7,522,806$372M6.3%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed6,415,273$317M5.4%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added4,263,800$211M3.6%2026-Q1
LPL Financial LLC trimmed4,131,698$204M3.5%2026-Q1
Corient Private Wealth LLC trimmed3,693,103$182M3.1%2026-Q1
WELLS FARGO & COMPANY/MN added3,235,235$160M2.7%2026-Q1
RAYMOND JAMES FINANCIAL INC added2,569,946$127M2.2%2026-Q1
UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed2,292,868$113M1.9%2026-Q1
Cetera Investment Advisers added1,753,742$87M1.5%2026-Q1
RAINEY & RANDALL WEALTH ADVISORS INC. added1,525,413$75M1.3%2026-Q1
Bleakley Financial Group, LLC added1,497,471$74M1.3%2026-Q1
MOSAIC FAMILY WEALTH PARTNERS, LLC added1,497,101$74M1.3%2026-Q1
UBS Group AG trimmed1,291,332$64M1.1%2026-Q1
ROYAL BANK OF CANADA trimmed1,267,811$63M1.1%2026-Q1
BANK OF MONTREAL /CAN/ trimmed1,190,202$59M1.0%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed1,166,594$58M1.0%2026-Q1
FLOW TRADERS U.S. LLC added1,096,917$54M0.9%2026-Q1
OSAIC HOLDINGS, INC. trimmed987,192$49M0.8%2026-Q1
Beacon Pointe Advisors, LLC added954,078$47M0.8%2026-Q1
FIFTH THIRD BANCORP added927,382$46M0.8%2026-Q1
Hilltop Partners LLC added924,359$46M0.8%2026-Q1
HSBC HOLDINGS PLC added875,065$43M0.7%2026-Q1
Wealthcare Advisory Partners LLC added794,798$39M0.7%2026-Q1
Crewe Advisors LLC added763,453$38M0.6%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV trimmed725,336$36M0.6%2026-Q1
Focus Partners Wealth trimmed721,246$36M0.6%2026-Q1
SACHEM HILL LLC trimmed715,970$35M0.6%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC trimmed693,596$34M0.6%2026-Q1
Whitaker-Myers Wealth Managers, LTD. added677,831$33M0.6%2026-Q1
STIFEL FINANCIAL CORP trimmed607,919$30M0.5%2026-Q1
TRUIST FINANCIAL CORP trimmed590,373$29M0.5%2026-Q1
COFG Advisors, LLC added556,905$28M0.5%2026-Q1
WESCAP Management Group, Inc. added556,186$27M0.5%2026-Q1
Blankinship & Foster, LLC trimmed521,611$26M0.4%2026-Q1
BURKETT FINANCIAL SERVICES, LLC trimmed494,440$24M0.4%2026-Q1
Cambridge Investment Research Advisors, Inc. added493,713$24M0.4%2026-Q1
Baird Financial Group, Inc. added453,194$22M0.4%2026-Q1
High Note Wealth, LLC added432,988$21M0.4%2026-Q1
COMMERCE BANK added409,939$20M0.3%2026-Q1
JPMORGAN CHASE & CO trimmed417,881$20M0.3%2026-Q1
Financial Insights, Inc. added396,701$20M0.3%2026-Q1
MML INVESTORS SERVICES, LLC trimmed360,685$18M0.3%2026-Q1
Annex Advisory Services, LLC added354,816$18M0.3%2026-Q1
TrueWealth Advisors, LLC added347,913$17M0.3%2026-Q1
DROMS STRAUSS ADVISORS INC /MO/ /ADV new314,782$16M0.3%2026-Q1
Wellington Grp LLC added311,310$15M0.3%2026-Q1
CITIGROUP INC added310,595$15M0.3%2026-Q1
JANE STREET GROUP, LLC added310,116$15M0.3%2026-Q1
JONES FINANCIAL COMPANIES LLLP added312,753$15M0.3%2026-Q1
Private Advisor Group, LLC added277,570$14M0.2%2026-Q1
Merit Financial Group, LLC added276,423$14M0.2%2026-Q1
Concurrent Investment Advisors, LLC added276,098$14M0.2%2026-Q1
Tradition Wealth Management, LLC trimmed272,546$13M0.2%2026-Q1
Ethos Financial Group, LLC added271,799$13M0.2%2026-Q1
VICUS CAPITAL added270,482$13M0.2%2026-Q1
Cerity Partners LLC trimmed270,420$13M0.2%2026-Q1
Embree Financial Group trimmed256,522$13M0.2%2026-Q1
Janney Montgomery Scott LLC added255,234$13M0.2%2026-Q1
World Investment Advisors added240,072$12M0.2%2026-Q1
LODESTAR PRIVATE ASSET MANAGEMENT LLC trimmed227,847$11M0.2%2026-Q1
Aptus Capital Advisors, LLC added227,074$11M0.2%2026-Q1
ARQ WEALTH ADVISORS, LLC added219,774$11M0.2%2026-Q1
Stratos Wealth Partners, LTD. trimmed217,162$11M0.2%2026-Q1
CALTON & ASSOCIATES, INC. added216,330$11M0.2%2026-Q1
CENTRAL TRUST Co trimmed202,348$10M0.2%2026-Q1
PARTNERS CAPITAL INVESTMENT GROUP, LLP added199,828$10M0.2%2026-Q1
Farther Finance Advisors, LLC added194,933$10M0.2%2026-Q1
Benchmark Financial Wealth Advisors, LLC added188,914$9M0.2%2026-Q1
TME FINANCIAL, INC. trimmed182,083$9M0.2%2026-Q1
Quotient Wealth Partners, LLC trimmed179,394$9M0.2%2026-Q1
Tactive Advisors, LLC trimmed179,317$9M0.2%2026-Q1
Prime Capital Investment Advisors, LLC trimmed176,574$9M0.1%2026-Q1
Alexis Investment Partners, LLC added179,222$9M0.1%2026-Q1
Capital Developers, LLC added163,562$8M0.1%2026-Q1
Mariner, LLC added160,558$8M0.1%2026-Q1
THOROUGHBRED FINANCIAL SERVICES, LLC trimmed160,160$8M0.1%2026-Q1
Equitable Holdings, Inc. added155,064$7M0.1%2026-Q1
Ruggaard & Associates LLC added149,613$7M0.1%2026-Q1
US BANCORP \DE\ trimmed148,473$7M0.1%2026-Q1
NewSquare Capital LLC added146,150$7M0.1%2026-Q1
Vestmark Advisory Solutions, Inc. added145,437$7M0.1%2026-Q1
Carter Financial Group, INC. added138,374$7M0.1%2026-Q1
Cooper Financial Group trimmed137,462$7M0.1%2026-Q1
Thrivent Financial for Lutherans added135,766$7M0.1%2026-Q1
SUMMIT WEALTH GROUP LLC / CO added134,284$7M0.1%2026-Q1
Investors Research Corp added131,770$7M0.1%2026-Q1
Fiduciary Planning LLC added130,130$6M0.1%2026-Q1
Forefront Analytics, LLC trimmed126,892$6M0.1%2026-Q1
Next Level Private LLC trimmed124,492$6M0.1%2026-Q1
O'Brien Wealth Partners LLC trimmed1,199,151$58M1.0%2025-Q4 stale
COMERICA BANK trimmed987,939$48M0.8%2025-Q4 stale
Williams Financial, LLC trimmed365,019$17M0.3%2025-Q3 stale
AVANTAX ADVISORY SERVICES, INC. added360,586$16M0.3%2025-Q2 stale
Wealth Advisory Team LLC added223,001$11M0.2%2025-Q4 stale
M Holdings Securities, Inc. added217,391$9M0.2%2025-Q1 stale
CITADEL ADVISORS LLC trimmed190,994$9M0.2%2025-Q4 stale
WFA Asset Management Corp added145,036$6M0.1%2025-Q3 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.

HoldersTotal shares

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.

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