Who owns DBL
Which tracked institutional funds hold DBL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DBL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-26). 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 DBL while 10 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
DBL’s largest tracked holder by dollar value, SIT INVESTMENT ASSOCIATES INC, sizes it at 0.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DBL 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 74 tracked filers holding DBL, 36 increased or opened the position and 36 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 DBL 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.
Full exits 2
- SIT INVESTMENT ASSOCIATES INC$45M
- Janney Montgomery Scott LLC$3M
Largest adds
- Shaker Financial Services, LLC$3M
- Gridiron Partners, LLC$3M
- ENVESTNET ASSET MANAGEMENT INC$1M
- INDEPENDENT FINANCIAL GROUP, LLC$1M
- ROYAL BANK OF CANADA$839K
- Twelve Points Wealth Management LLC$523K
Largest trims
- ABSOLUTE INVESTMENT ADVISERS, LLC$2M
- BANK OF AMERICA CORP /DE/$818K
- GUGGENHEIM CAPITAL LLC$817K
- Quarry LP$744K
- STIFEL FINANCIAL CORP$636K
- MORGAN STANLEY$580K
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 |
|---|---|---|---|---|
| Avior Wealth Management, LLC added | 596,287 | $9M | 4.8% | 2026-Q2 |
| UBS Group AG added | 580,219 | $8M | 4.7% | 2026-Q2 |
| EVERGREEN CAPITAL MANAGEMENT LLC added | 560,669 | $8M | 4.5% | 2026-Q2 |
| MORGAN STANLEY trimmed | 530,776 | $8M | 4.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 439,900 | $6M | 3.5% | 2026-Q2 |
| Twelve Points Wealth Management LLC added | 405,759 | $6M | 3.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 350,374 | $5M | 2.8% | 2026-Q2 |
| Gridiron Partners, LLC added | 346,451 | $5M | 2.8% | 2026-Q2 |
| Stratos Wealth Advisors, LLC added | 326,385 | $5M | 2.6% | 2026-Q2 |
| Intellectus Partners, LLC added | 295,245 | $4M | 2.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 263,521 | $4M | 2.1% | 2026-Q2 |
| Catawba River Capital trimmed | 259,396 | $4M | 2.1% | 2026-Q2 |
| LPL Financial LLC added | 234,708 | $3M | 1.9% | 2026-Q2 |
| Shaker Financial Services, LLC added | 210,544 | $3M | 1.7% | 2026-Q2 |
| Journey Advisory Group, LLC trimmed | 171,944 | $2M | 1.4% | 2026-Q2 |
| Invesco Ltd. added | 162,442 | $2M | 1.3% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 139,250 | $2M | 1.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 133,785 | $2M | 1.1% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC trimmed | 133,104 | $2M | 1.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 125,315 | $2M | 1.0% | 2026-Q2 |
| Ignite Planners, LLC trimmed | 112,190 | $2M | 0.9% | 2026-Q2 |
| Aviance Capital Partners, LLC added | 111,297 | $2M | 0.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 106,773 | $2M | 0.9% | 2026-Q2 |
| Berger Financial Group, Inc trimmed | 103,409 | $1M | 0.8% | 2026-Q2 |
| ArchPoint Investors | 100,964 | $1M | 0.8% | 2026-Q2 |
| Thompson David Blair trimmed | 97,976 | $1M | 0.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 91,187 | $1M | 0.7% | 2026-Q2 |
| ABSOLUTE INVESTMENT ADVISERS, LLC trimmed | 64,644 | $930K | 0.5% | 2026-Q2 |
| Strategic Wealth Partners, Ltd. trimmed | 64,160 | $923K | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 59,287 | $853K | 0.5% | 2026-Q2 |
| Marex Group Ltd new | 28,906 | $416K | 0.2% | 2026-Q2 |
| Baird Financial Group, Inc. added | 25,750 | $370K | 0.2% | 2026-Q2 |
| Quarry LP trimmed | 25,427 | $366K | 0.2% | 2026-Q2 |
| VERUS CAPITAL PARTNERS, LLC added | 25,204 | $362K | 0.2% | 2026-Q2 |
| United Advisor Group, LLC | 24,141 | $347K | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 22,649 | $326K | 0.2% | 2026-Q2 |
| Pettinga Financial Advisors LLC new | 20,592 | $296K | 0.2% | 2026-Q2 |
| Ashton Thomas Private Wealth, LLC | 20,441 | $294K | 0.2% | 2026-Q2 |
| Apriem Advisors trimmed | 20,110 | $289K | 0.2% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC trimmed | 19,047 | $274K | 0.2% | 2026-Q2 |
| Maridea Wealth Management LLC added | 18,740 | $269K | 0.2% | 2026-Q2 |
| Blueprint Investment Partners LLC trimmed | 17,500 | $252K | 0.1% | 2026-Q2 |
| WORLD EQUITY GROUP, INC. added | 16,600 | $239K | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 15,960 | $230K | 0.1% | 2026-Q2 |
| Arax Advisory Partners new | 15,861 | $228K | 0.1% | 2026-Q2 |
| Fort Sheridan Advisors LLC | 15,781 | $227K | 0.1% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 13,551 | $195K | 0.1% | 2026-Q2 |
| Mallini Complete Financial Planning LLC added | 13,206 | $190K | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 13,123 | $189K | 0.1% | 2026-Q2 |
| INTEGRATED CAPITAL MANAGEMENT, INC. new | 12,932 | $186K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC new | 12,703 | $183K | 0.1% | 2026-Q2 |
| MELFA WEALTH MANAGEMENT, INC. trimmed | 12,570 | $181K | 0.1% | 2026-Q2 |
| ARS Wealth Advisors Group, LLC | 12,350 | $178K | 0.1% | 2026-Q2 |
| Kercheville Advisors, LLC added | 11,900 | $171K | 0.1% | 2026-Q2 |
| Focus Partners Wealth added | 11,464 | $165K | 0.1% | 2026-Q2 |
| SkyOak Wealth, LLC trimmed | 10,385 | $149K | 0.1% | 2026-Q2 |
| NOMURA HOLDINGS INC new | 10,000 | $144K | 0.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 7,065 | $102K | 0.1% | 2026-Q2 |
| TD Waterhouse Canada Inc. | 5,487 | $79K | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP | 3,750 | $54K | 0.0% | 2026-Q2 |
| Clear Street Group Inc. new | 3,652 | $53K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 2,550 | $37K | 0.0% | 2026-Q2 |
| Morse Asset Management, Inc added | 1,865 | $27K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 1,203 | $17K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 1,065 | $15K | 0.0% | 2026-Q2 |
| JNBA Financial Advisors | 1,059 | $15K | 0.0% | 2026-Q2 |
| Cape Investment Advisory, Inc. added | 503 | $7K | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC | 500 | $7K | 0.0% | 2026-Q2 |
| LANARK FINANCIAL, INC. | 426 | $6K | 0.0% | 2026-Q2 |
| HIGHLINE WEALTH PARTNERS LLC | 400 | $6K | 0.0% | 2026-Q2 |
| Holos Integrated Wealth LLC | 400 | $6K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc | 156 | $2K | 0.0% | 2026-Q2 |
| Principia Wealth Advisory, LLC trimmed | 138 | $2K | 0.0% | 2026-Q2 |
| JFS WEALTH ADVISORS, LLC new | 95 | $1K | 0.0% | 2026-Q2 |
| SIT INVESTMENT ASSOCIATES INC trimmed | 3,104,408 | $45M | 25.3% | 2026-Q1 stale (1 quarter behind) |
| Janney Montgomery Scott LLC trimmed | 206,395 | $3M | 1.7% | 2026-Q1 stale (1 quarter behind) |
| Cambridge Investment Research Advisors, Inc. | 29,018 | $424K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| WEDBUSH SECURITIES INC trimmed | 27,482 | $401K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| U.S. Capital Wealth Advisors, LLC trimmed | 14,000 | $204K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 12,291 | $179K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| READYSTATE ASSET MANAGEMENT LP trimmed | 10,907 | $159K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Papamarkou Wellner Asset Management inc. | 10,500 | $153K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Ascentis Independent Advisors trimmed | 7,377 | $108K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Golden State Wealth Management, LLC trimmed | 2,212 | $32K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| MPWM ADVISORY SOLUTIONS, LLC | 2,000 | $29K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| COMERICA BANK trimmed | 3,750 | $57K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Polar Asset Management Partners Inc. new | 166,458 | $3M | 1.4% | 2025-Q3 stale (3 quarters behind) |
| Consolidated Portfolio Review Corp added | 150,666 | $2M | 1.3% | 2025-Q3 stale (3 quarters behind) |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 140,546 | $2M | 1.2% | 2025-Q3 stale (3 quarters behind) |
| EWG Elevate Inc. | 11,530 | $180K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Kovitz Investment Group Partners, LLC | 10,800 | $168K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Blackhawk Capital Partners, LLC new | 10,450 | $163K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Ameritas Advisory Services, LLC added | 2,894 | $45K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| LeConte Wealth Management, LLC trimmed | 636,937 | $10M | 5.5% | 2025-Q2 stale (4 quarters behind) |
| BALYASNY ASSET MANAGEMENT L.P. new | 28,533 | $439K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Mariner, LLC added | 12,478 | $192K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| XTX Topco Ltd new | 10,116 | $156K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Elequin Capital, LP added | 6,614 | $102K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| TOTAL INVESTMENT MANAGEMENT INC new | 4,198 | $65K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Steward Partners Investment Advisory, LLC | 1,627 | $25K | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.