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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC added | 20,710,546 | $1.0B | 17.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 14,441,370 | $714M | 12.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 7,572,286 | $374M | 6.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 7,522,806 | $372M | 6.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 6,415,273 | $317M | 5.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 4,263,800 | $211M | 3.6% | 2026-Q1 |
| LPL Financial LLC trimmed | 4,131,698 | $204M | 3.5% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 3,693,103 | $182M | 3.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 3,235,235 | $160M | 2.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 2,569,946 | $127M | 2.2% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 2,292,868 | $113M | 1.9% | 2026-Q1 |
| Cetera Investment Advisers added | 1,753,742 | $87M | 1.5% | 2026-Q1 |
| RAINEY & RANDALL WEALTH ADVISORS INC. added | 1,525,413 | $75M | 1.3% | 2026-Q1 |
| Bleakley Financial Group, LLC added | 1,497,471 | $74M | 1.3% | 2026-Q1 |
| MOSAIC FAMILY WEALTH PARTNERS, LLC added | 1,497,101 | $74M | 1.3% | 2026-Q1 |
| UBS Group AG trimmed | 1,291,332 | $64M | 1.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 1,267,811 | $63M | 1.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 1,190,202 | $59M | 1.0% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 1,166,594 | $58M | 1.0% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 1,096,917 | $54M | 0.9% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 987,192 | $49M | 0.8% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 954,078 | $47M | 0.8% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 927,382 | $46M | 0.8% | 2026-Q1 |
| Hilltop Partners LLC added | 924,359 | $46M | 0.8% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 875,065 | $43M | 0.7% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 794,798 | $39M | 0.7% | 2026-Q1 |
| Crewe Advisors LLC added | 763,453 | $38M | 0.6% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 725,336 | $36M | 0.6% | 2026-Q1 |
| Focus Partners Wealth trimmed | 721,246 | $36M | 0.6% | 2026-Q1 |
| SACHEM HILL LLC trimmed | 715,970 | $35M | 0.6% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 693,596 | $34M | 0.6% | 2026-Q1 |
| Whitaker-Myers Wealth Managers, LTD. added | 677,831 | $33M | 0.6% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 607,919 | $30M | 0.5% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 590,373 | $29M | 0.5% | 2026-Q1 |
| COFG Advisors, LLC added | 556,905 | $28M | 0.5% | 2026-Q1 |
| WESCAP Management Group, Inc. added | 556,186 | $27M | 0.5% | 2026-Q1 |
| Blankinship & Foster, LLC trimmed | 521,611 | $26M | 0.4% | 2026-Q1 |
| BURKETT FINANCIAL SERVICES, LLC trimmed | 494,440 | $24M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 493,713 | $24M | 0.4% | 2026-Q1 |
| Baird Financial Group, Inc. added | 453,194 | $22M | 0.4% | 2026-Q1 |
| High Note Wealth, LLC added | 432,988 | $21M | 0.4% | 2026-Q1 |
| COMMERCE BANK added | 409,939 | $20M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 417,881 | $20M | 0.3% | 2026-Q1 |
| Financial Insights, Inc. added | 396,701 | $20M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 360,685 | $18M | 0.3% | 2026-Q1 |
| Annex Advisory Services, LLC added | 354,816 | $18M | 0.3% | 2026-Q1 |
| TrueWealth Advisors, LLC added | 347,913 | $17M | 0.3% | 2026-Q1 |
| DROMS STRAUSS ADVISORS INC /MO/ /ADV new | 314,782 | $16M | 0.3% | 2026-Q1 |
| Wellington Grp LLC added | 311,310 | $15M | 0.3% | 2026-Q1 |
| CITIGROUP INC added | 310,595 | $15M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 310,116 | $15M | 0.3% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 312,753 | $15M | 0.3% | 2026-Q1 |
| Private Advisor Group, LLC added | 277,570 | $14M | 0.2% | 2026-Q1 |
| Merit Financial Group, LLC added | 276,423 | $14M | 0.2% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 276,098 | $14M | 0.2% | 2026-Q1 |
| Tradition Wealth Management, LLC trimmed | 272,546 | $13M | 0.2% | 2026-Q1 |
| Ethos Financial Group, LLC added | 271,799 | $13M | 0.2% | 2026-Q1 |
| VICUS CAPITAL added | 270,482 | $13M | 0.2% | 2026-Q1 |
| Cerity Partners LLC trimmed | 270,420 | $13M | 0.2% | 2026-Q1 |
| Embree Financial Group trimmed | 256,522 | $13M | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 255,234 | $13M | 0.2% | 2026-Q1 |
| World Investment Advisors added | 240,072 | $12M | 0.2% | 2026-Q1 |
| LODESTAR PRIVATE ASSET MANAGEMENT LLC trimmed | 227,847 | $11M | 0.2% | 2026-Q1 |
| Aptus Capital Advisors, LLC added | 227,074 | $11M | 0.2% | 2026-Q1 |
| ARQ WEALTH ADVISORS, LLC added | 219,774 | $11M | 0.2% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 217,162 | $11M | 0.2% | 2026-Q1 |
| CALTON & ASSOCIATES, INC. added | 216,330 | $11M | 0.2% | 2026-Q1 |
| CENTRAL TRUST Co trimmed | 202,348 | $10M | 0.2% | 2026-Q1 |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP added | 199,828 | $10M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 194,933 | $10M | 0.2% | 2026-Q1 |
| Benchmark Financial Wealth Advisors, LLC added | 188,914 | $9M | 0.2% | 2026-Q1 |
| TME FINANCIAL, INC. trimmed | 182,083 | $9M | 0.2% | 2026-Q1 |
| Quotient Wealth Partners, LLC trimmed | 179,394 | $9M | 0.2% | 2026-Q1 |
| Tactive Advisors, LLC trimmed | 179,317 | $9M | 0.2% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC trimmed | 176,574 | $9M | 0.1% | 2026-Q1 |
| Alexis Investment Partners, LLC added | 179,222 | $9M | 0.1% | 2026-Q1 |
| Capital Developers, LLC added | 163,562 | $8M | 0.1% | 2026-Q1 |
| Mariner, LLC added | 160,558 | $8M | 0.1% | 2026-Q1 |
| THOROUGHBRED FINANCIAL SERVICES, LLC trimmed | 160,160 | $8M | 0.1% | 2026-Q1 |
| Equitable Holdings, Inc. added | 155,064 | $7M | 0.1% | 2026-Q1 |
| Ruggaard & Associates LLC added | 149,613 | $7M | 0.1% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 148,473 | $7M | 0.1% | 2026-Q1 |
| NewSquare Capital LLC added | 146,150 | $7M | 0.1% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 145,437 | $7M | 0.1% | 2026-Q1 |
| Carter Financial Group, INC. added | 138,374 | $7M | 0.1% | 2026-Q1 |
| Cooper Financial Group trimmed | 137,462 | $7M | 0.1% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 135,766 | $7M | 0.1% | 2026-Q1 |
| SUMMIT WEALTH GROUP LLC / CO added | 134,284 | $7M | 0.1% | 2026-Q1 |
| Investors Research Corp added | 131,770 | $7M | 0.1% | 2026-Q1 |
| Fiduciary Planning LLC added | 130,130 | $6M | 0.1% | 2026-Q1 |
| Forefront Analytics, LLC trimmed | 126,892 | $6M | 0.1% | 2026-Q1 |
| Next Level Private LLC trimmed | 124,492 | $6M | 0.1% | 2026-Q1 |
| O'Brien Wealth Partners LLC trimmed | 1,199,151 | $58M | 1.0% | 2025-Q4 stale |
| COMERICA BANK trimmed | 987,939 | $48M | 0.8% | 2025-Q4 stale |
| Williams Financial, LLC trimmed | 365,019 | $17M | 0.3% | 2025-Q3 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 360,586 | $16M | 0.3% | 2025-Q2 stale |
| Wealth Advisory Team LLC added | 223,001 | $11M | 0.2% | 2025-Q4 stale |
| M Holdings Securities, Inc. added | 217,391 | $9M | 0.2% | 2025-Q1 stale |
| CITADEL ADVISORS LLC trimmed | 190,994 | $9M | 0.2% | 2025-Q4 stale |
| WFA Asset Management Corp added | 145,036 | $6M | 0.1% | 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.
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.