Who owns 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-Q2 13F filings (latest filed 2026-08-25). 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 DBEF is one-sided between 2026-Q1 and 2026-Q2: 156 added or opened and 39 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
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 0.3% 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 2026-Q1 and 2026-Q2, across 427 tracked filers holding DBEF, 184 increased or opened the position and 172 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 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 11
- Odyssey Group, LLC$20M
- Wealth Advisory Team LLC$12M
- Smallwood Wealth Investment Management, LLC$11M
- Diversify Advisory Services, LLC$6M
- IFG Advisory, LLC$2M
- J.W. COLE ADVISORS, INC.$2M
Full exits 19
- FLOW TRADERS U.S. LLC$54M
- Cambridge Investment Research Advisors, Inc.$24M
- JANE STREET GROUP, LLC$15M
- Janney Montgomery Scott LLC$13M
- Capital Developers, LLC$8M
- THOROUGHBRED FINANCIAL SERVICES, LLC$8M
Largest adds
- AMERIPRISE FINANCIAL INC$92M
- GOLDMAN SACHS GROUP INC$84M
- MORGAN STANLEY$45M
- Integrated Wealth Concepts LLC$39M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$39M
- BANK OF AMERICA CORP /DE/$34M
Largest trims
- Hilltop Partners LLC$37M
- Corient Private Wealth LP$21M
- TME FINANCIAL, INC.$6M
- OPTIMA CAPITAL LLC$4M
- Tactive Advisors, LLC$4M
- Merit Financial Group, LLC$3M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC trimmed | 20,274,024 | $1.1B | 17.8% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 14,746,987 | $806M | 12.9% | 2026-Q2 |
| MORGAN STANLEY added | 7,627,325 | $417M | 6.7% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 7,558,741 | $413M | 6.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 6,420,823 | $351M | 5.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 4,118,593 | $225M | 3.6% | 2026-Q2 |
| LPL Financial LLC trimmed | 3,700,909 | $202M | 3.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 3,436,849 | $188M | 3.0% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 2,949,980 | $161M | 2.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 2,561,798 | $140M | 2.2% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 2,194,902 | $120M | 1.9% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 1,723,400 | $94M | 1.5% | 2026-Q2 |
| MOSAIC FAMILY WEALTH PARTNERS, LLC added | 1,548,761 | $85M | 1.4% | 2026-Q2 |
| RAINEY & RANDALL WEALTH ADVISORS INC. added | 1,536,270 | $84M | 1.3% | 2026-Q2 |
| Bleakley Financial Group, LLC added | 1,515,254 | $83M | 1.3% | 2026-Q2 |
| UBS Group AG added | 1,357,358 | $74M | 1.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,177,929 | $64M | 1.0% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 1,168,746 | $64M | 1.0% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 1,157,495 | $63M | 1.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 1,039,845 | $57M | 0.9% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 999,862 | $55M | 0.9% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 891,377 | $49M | 0.8% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 835,649 | $46M | 0.7% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 816,607 | $45M | 0.7% | 2026-Q2 |
| Crewe Advisors LLC added | 778,666 | $43M | 0.7% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 774,190 | $42M | 0.7% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 729,883 | $40M | 0.6% | 2026-Q2 |
| Focus Partners Wealth added | 722,324 | $39M | 0.6% | 2026-Q2 |
| Whitaker-Myers Wealth Managers, LTD. added | 709,831 | $39M | 0.6% | 2026-Q2 |
| SACHEM HILL LLC trimmed | 702,551 | $38M | 0.6% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 660,945 | $36M | 0.6% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 626,121 | $34M | 0.5% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 592,529 | $32M | 0.5% | 2026-Q2 |
| COFG Advisors, LLC added | 565,697 | $31M | 0.5% | 2026-Q2 |
| WESCAP Management Group, Inc. trimmed | 555,769 | $30M | 0.5% | 2026-Q2 |
| Cerity Partners LLC added | 551,470 | $30M | 0.5% | 2026-Q2 |
| COMMERCE BANK added | 528,683 | $29M | 0.5% | 2026-Q2 |
| BURKETT FINANCIAL SERVICES, LLC trimmed | 490,036 | $27M | 0.4% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 484,683 | $26M | 0.4% | 2026-Q2 |
| Blankinship & Foster, LLC trimmed | 483,179 | $26M | 0.4% | 2026-Q2 |
| Baird Financial Group, Inc. added | 468,146 | $26M | 0.4% | 2026-Q2 |
| High Note Wealth, LLC added | 441,230 | $24M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 428,249 | $23M | 0.4% | 2026-Q2 |
| Financial Insights, Inc. added | 402,788 | $22M | 0.4% | 2026-Q2 |
| Odyssey Group, LLC new | 361,979 | $20M | 0.3% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 359,111 | $19M | 0.3% | 2026-Q2 |
| TrueWealth Advisors, LLC added | 353,927 | $19M | 0.3% | 2026-Q2 |
| Annex Advisory Services, LLC trimmed | 345,799 | $19M | 0.3% | 2026-Q2 |
| DROMS STRAUSS ADVISORS INC /MO/ /ADV added | 330,079 | $18M | 0.3% | 2026-Q2 |
| CITIGROUP INC added | 317,938 | $17M | 0.3% | 2026-Q2 |
| Wellington Grp LLC | 311,310 | $15M | 0.2% | 2026-Q2 |
| Dala Group, LLC added | 292,393 | $16M | 0.3% | 2026-Q2 |
| VICUS CAPITAL added | 284,673 | $16M | 0.2% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 263,168 | $14M | 0.2% | 2026-Q2 |
| Tradition Wealth Management, LLC trimmed | 261,372 | $14M | 0.2% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 261,305 | $14M | 0.2% | 2026-Q2 |
| Ethos Financial Group, LLC trimmed | 257,514 | $14M | 0.2% | 2026-Q2 |
| ARQ WEALTH ADVISORS, LLC added | 257,043 | $14M | 0.2% | 2026-Q2 |
| Embree Financial Group trimmed | 239,837 | $13M | 0.2% | 2026-Q2 |
| World Investment Advisors trimmed | 238,385 | $12M | 0.2% | 2026-Q2 |
| LODESTAR PRIVATE ASSET MANAGEMENT LLC trimmed | 226,780 | $12M | 0.2% | 2026-Q2 |
| Aptus Capital Advisors, LLC trimmed | 225,882 | $12M | 0.2% | 2026-Q2 |
| Wealth Advisory Team LLC added | 223,278 | $12M | 0.2% | 2026-Q2 |
| CALTON & ASSOCIATES, INC. added | 219,312 | $12M | 0.2% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 218,585 | $12M | 0.2% | 2026-Q2 |
| Smallwood Wealth Investment Management, LLC new | 202,503 | $11M | 0.2% | 2026-Q2 |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP added | 200,905 | $11M | 0.2% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 198,679 | $11M | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 196,404 | $11M | 0.2% | 2026-Q2 |
| Benchmark Financial Wealth Advisors, LLC added | 190,058 | $10M | 0.2% | 2026-Q2 |
| Quotient Wealth Partners, LLC trimmed | 178,344 | $10M | 0.2% | 2026-Q2 |
| Kingsview Wealth Management, LLC added | 171,917 | $9M | 0.2% | 2026-Q2 |
| CENTRAL TRUST Co trimmed | 169,902 | $9M | 0.1% | 2026-Q2 |
| Carter Financial Group, INC. added | 159,889 | $9M | 0.1% | 2026-Q2 |
| SUMMIT WEALTH GROUP LLC / CO added | 159,392 | $9M | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. added | 158,894 | $9M | 0.1% | 2026-Q2 |
| Ruggaard & Associates LLC added | 155,517 | $8M | 0.1% | 2026-Q2 |
| Hilltop Partners LLC trimmed | 154,091 | $8M | 0.1% | 2026-Q2 |
| NewSquare Capital LLC added | 152,567 | $8M | 0.1% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. added | 147,243 | $8M | 0.1% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 147,023 | $8M | 0.1% | 2026-Q2 |
| Unique Wealth Strategies, LLC added | 146,793 | $8M | 0.1% | 2026-Q2 |
| Alexis Investment Partners, LLC trimmed | 139,123 | $8M | 0.1% | 2026-Q2 |
| Investors Research Corp added | 137,576 | $8M | 0.1% | 2026-Q2 |
| Cooper Financial Group trimmed | 136,202 | $7M | 0.1% | 2026-Q2 |
| Schorn Wealth LLC added | 135,091 | $7M | 0.1% | 2026-Q2 |
| IHT Wealth Management, LLC added | 134,639 | $7M | 0.1% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC trimmed | 133,921 | $7M | 0.1% | 2026-Q2 |
| Forefront Analytics, LLC trimmed | 126,734 | $7M | 0.1% | 2026-Q2 |
| Next Level Private LLC trimmed | 122,896 | $7M | 0.1% | 2026-Q2 |
| Hartford Financial Management Inc. added | 122,034 | $7M | 0.1% | 2026-Q2 |
| ELEVATUS WELATH MANAGEMENT added | 121,145 | $7M | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 119,025 | $7M | 0.1% | 2026-Q2 |
| Mariner, LLC trimmed | 118,476 | $6M | 0.1% | 2026-Q2 |
| Chesapeake Wealth Management added | 115,430 | $6M | 0.1% | 2026-Q2 |
| Holos Integrated Wealth LLC added | 115,236 | $6M | 0.1% | 2026-Q2 |
| RAINIER FAMILY WEALTH INC added | 113,401 | $6M | 0.1% | 2026-Q2 |
| MAI Capital Management added | 111,384 | $6M | 0.1% | 2026-Q2 |
| Columbus Macro, LLC added | 103,958 | $6M | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC added | 103,675 | $6M | 0.1% | 2026-Q2 |
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.