Who owns DEFR (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-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
The tracked-fund tape on DEFR is one-sided between 2025-Q4 and 2026-Q1: 10 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 2025-Q4 and 2026-Q1, across 26 tracked filers holding DEFR, 25 increased or opened the position and 4 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 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 2
- 6th Street Advisors, LLC$8M
- ENVESTNET ASSET MANAGEMENT INC$7M
Full exits 1
- True Vision MN LLC$886K
Largest adds
- Aptus Capital Advisors, LLC$3M
- Compass Ion Advisors, LLC$3M
- Integrated Wealth Concepts LLC$837K
- Prime Capital Investment Advisors, LLC$616K
- JANE STREET GROUP, LLC$385K
- Park Place Capital Corp$382K
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 | 1,817,445 | $48M | 46.5% | 2026-Q1 |
| 6th Street Advisors, LLC new | 317,186 | $8M | 8.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 268,627 | $7M | 6.9% | 2026-Q1 |
| Park Place Capital Corp added | 260,689 | $7M | 6.7% | 2026-Q1 |
| Waterloo Capital, L.P. added | 161,399 | $4M | 4.1% | 2026-Q1 |
| Compass Ion Advisors, LLC added | 148,550 | $4M | 3.8% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 140,561 | $4M | 3.6% | 2026-Q1 |
| SILVER OAK SECURITIES, INCORPORATED added | 134,766 | $4M | 3.5% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC added | 116,336 | $3M | 3.0% | 2026-Q1 |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC added | 86,529 | $2M | 2.2% | 2026-Q1 |
| Regal Investment Advisors LLC added | 59,745 | $2M | 1.5% | 2026-Q1 |
| Second Line Capital, LLC added | 52,556 | $1M | 1.3% | 2026-Q1 |
| Second Half Financial Partners, LLC added | 48,310 | $1M | 1.2% | 2026-Q1 |
| MBE Wealth Management, LLC added | 47,803 | $1M | 1.2% | 2026-Q1 |
| Atria Investments, Inc added | 39,294 | $1M | 1.0% | 2026-Q1 |
| RENASANT BANK added | 35,094 | $933K | 0.9% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 32,053 | $853K | 0.8% | 2026-Q1 |
| Meridian Wealth Management, LLC added | 28,356 | $754K | 0.7% | 2026-Q1 |
| Grant Street Asset Management, Inc. added | 23,019 | $612K | 0.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 14,813 | $394K | 0.4% | 2026-Q1 |
| Cushing Capital Partners, LLC added | 12,127 | $323K | 0.3% | 2026-Q1 |
| Independent Advisor Alliance new | 11,598 | $308K | 0.3% | 2026-Q1 |
| United Advisor Group, LLC new | 9,580 | $255K | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 2,263 | $60K | 0.1% | 2026-Q1 |
| Advisory Services Network, LLC new | 2,217 | $59K | 0.1% | 2026-Q1 |
| Farther Finance Advisors, LLC new | 1,110 | $30K | 0.0% | 2026-Q1 |
| True Vision MN LLC added | 33,164 | $886K | 0.9% | 2025-Q4 stale |
| UBS Group AG new | 328 | $9K | 0.0% | 2025-Q4 stale |
| Rockefeller Capital Management L.P. new | 163 | $4K | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. new | 0 | — | 0.0% | 2025-Q2 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.