Who owns DEFR
Which tracked institutional funds hold DEFR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DEFR company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 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 DEFR is one-sided between 2026-Q1 and 2026-Q2: 9 added or opened and 1 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
DEFR’s largest tracked holder by dollar value, Aptus Capital Advisors, LLC, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DEFR 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 28 tracked filers holding DEFR, 23 increased or opened the position and 7 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 DEFR 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 3
- Bienville Capital Management, LLC$14M
- Capital Investment Advisory Services, LLC$2M
- Code Waechter LLC$2M
Full exits 1
- Integrated Wealth Concepts LLC$4M
Largest adds
- Aptus Capital Advisors, LLC$5M
- Compass Ion Advisors, LLC$2M
- Prime Capital Investment Advisors, LLC$774K
- ENVESTNET ASSET MANAGEMENT INC$661K
- Waterloo Capital, L.P.$514K
- Park Place Capital Corp$304K
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 |
|---|---|---|---|---|
| Aptus Capital Advisors, LLC added | 2,006,550 | $54M | 40.6% | 2026-Q2 |
| Bienville Capital Management, LLC new | 520,782 | $14M | 10.5% | 2026-Q2 |
| 6th Street Advisors, LLC trimmed | 315,084 | $8M | 6.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 291,871 | $8M | 5.9% | 2026-Q2 |
| Park Place Capital Corp added | 270,635 | $7M | 5.5% | 2026-Q2 |
| Compass Ion Advisors, LLC added | 205,715 | $6M | 4.2% | 2026-Q2 |
| Waterloo Capital, L.P. added | 179,736 | $5M | 3.6% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC added | 144,619 | $4M | 2.9% | 2026-Q2 |
| SILVER OAK SECURITIES, INCORPORATED added | 142,815 | $4M | 2.9% | 2026-Q2 |
| Capital Investment Advisory Services, LLC new | 92,173 | $2M | 1.9% | 2026-Q2 |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC added | 86,580 | $2M | 1.8% | 2026-Q2 |
| Code Waechter LLC new | 67,072 | $2M | 1.4% | 2026-Q2 |
| Regal Investment Advisors LLC added | 60,257 | $2M | 1.2% | 2026-Q2 |
| Second Line Capital, LLC added | 53,709 | $1M | 1.1% | 2026-Q2 |
| Second Half Financial Partners, LLC trimmed | 47,497 | $1M | 1.0% | 2026-Q2 |
| MBE Wealth Management, LLC trimmed | 45,250 | $1M | 0.9% | 2026-Q2 |
| Atria Investments, Inc added | 40,977 | $1M | 0.8% | 2026-Q2 |
| RENASANT BANK added | 35,463 | $948K | 0.7% | 2026-Q2 |
| Meridian Wealth Management, LLC added | 35,445 | $948K | 0.7% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 24,726 | $661K | 0.5% | 2026-Q2 |
| Grant Street Asset Management, Inc. added | 23,100 | $618K | 0.5% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 14,823 | $396K | 0.3% | 2026-Q2 |
| Independent Advisor Alliance added | 12,604 | $337K | 0.3% | 2026-Q2 |
| Cushing Capital Partners, LLC added | 12,554 | $336K | 0.3% | 2026-Q2 |
| United Advisor Group, LLC added | 10,250 | $274K | 0.2% | 2026-Q2 |
| Valeo Financial Advisors, LLC new | 7,913 | $212K | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 2,563 | $69K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 1,086 | $29K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 140,561 | $4M | 2.8% | 2026-Q1 stale (1 quarter behind) |
| Advisory Services Network, LLC new | 2,217 | $59K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| True Vision MN LLC added | 33,164 | $886K | 0.7% | 2025-Q4 stale (2 quarters behind) |
| Town Capital LLC new | 9,528 | $254K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| UBS Group AG new | 328 | $9K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Rockefeller Capital Management L.P. new | 163 | $4K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. new | 0 | — | 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.