Who owns DES (DES)
Which tracked institutional funds hold DES, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DES 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 DES is one-sided between 2025-Q4 and 2026-Q1: 57 added or opened and 15 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
DES’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp gap the other way — the median holder sizes DES more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DES 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 350 tracked filers holding DES, 147 increased or opened the position and 150 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 DES 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 6
- TWO SIGMA INVESTMENTS, LP$5M
- VESTOR CAPITAL, LLC$3M
- Dickmeyer Boyce Financial Management, Inc.$3M
- Integrated Wealth Concepts LLC$841K
- FIFTH THIRD BANCORP$795K
- Sumitomo Mitsui Trust Group, Inc.$550K
Full exits 3
- Farmers National Bank$2M
- IFG Advisory, LLC$942K
- COMERICA BANK$649K
Largest adds
- MORGAN STANLEY$9M
- BANK OF AMERICA CORP /DE/$7M
- WELLS FARGO & COMPANY/MN$5M
- JONES FINANCIAL COMPANIES LLLP$4M
- Creative Planning$3M
- Bank of New York Mellon Corp$2M
Largest trims
- ROYAL BANK OF CANADA$1M
- NewEdge Advisors, LLC$1M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$768K
- Cerity Partners LLC$593K
- SouthState Bank Corp$575K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$451K
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 2,763,378 | $99M | 11.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 2,457,823 | $88M | 9.8% | 2026-Q1 |
| LPL Financial LLC trimmed | 1,425,551 | $51M | 5.7% | 2026-Q1 |
| UBS Group AG trimmed | 1,387,244 | $50M | 5.5% | 2026-Q1 |
| Creative Planning trimmed | 1,347,290 | $48M | 5.4% | 2026-Q1 |
| M&T Bank Corp trimmed | 1,031,795 | $37M | 4.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 850,320 | $31M | 3.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 811,485 | $29M | 3.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 762,074 | $27M | 3.0% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 747,670 | $27M | 3.0% | 2026-Q1 |
| KEYBANK NATIONAL ASSOCIATION/OH added | 717,664 | $26M | 2.9% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 681,578 | $24M | 2.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 417,602 | $15M | 1.7% | 2026-Q1 |
| Valmark Advisers, Inc. added | 348,798 | $13M | 1.4% | 2026-Q1 |
| Destination Wealth Management trimmed | 329,246 | $12M | 1.3% | 2026-Q1 |
| Cetera Investment Advisers added | 320,538 | $12M | 1.3% | 2026-Q1 |
| Allen Investment Management, LLC | 293,475 | $11M | 1.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 274,010 | $10M | 1.1% | 2026-Q1 |
| Bank of New York Mellon Corp added | 251,341 | $9M | 1.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 240,297 | $9M | 1.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 239,203 | $9M | 1.0% | 2026-Q1 |
| Curi Capital, LLC added | 222,167 | $8M | 0.9% | 2026-Q1 |
| ASSETMARK, INC trimmed | 217,761 | $8M | 0.9% | 2026-Q1 |
| BIP Wealth, LLC trimmed | 213,769 | $8M | 0.9% | 2026-Q1 |
| Del-Sette Capital Management, LLC added | 212,232 | $8M | 0.8% | 2026-Q1 |
| HC Advisors, LLC added | 206,534 | $7M | 0.8% | 2026-Q1 |
| One Wealth Map LLC trimmed | 183,610 | $7M | 0.8% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 176,855 | $6M | 0.7% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 175,720 | $6M | 0.7% | 2026-Q1 |
| Melone Private Wealth, LLC added | 172,167 | $6M | 0.7% | 2026-Q1 |
| Lee-Kelleher Wealth Management added | 162,739 | $6M | 0.7% | 2026-Q1 |
| Cascade Financial Partners, LLC trimmed | 159,821 | $6M | 0.6% | 2026-Q1 |
| Key Financial Inc trimmed | 158,701 | $6M | 0.6% | 2026-Q1 |
| Prosperity Consulting Group, LLC trimmed | 152,818 | $5M | 0.6% | 2026-Q1 |
| Baird Financial Group, Inc. added | 149,262 | $5M | 0.6% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 146,727 | $5M | 0.6% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 145,334 | $5M | 0.6% | 2026-Q1 |
| Stonebridge Wealth Management, LLC trimmed | 140,617 | $5M | 0.6% | 2026-Q1 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management added | 132,137 | $5M | 0.5% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 130,300 | $5M | 0.5% | 2026-Q1 |
| Parcion Private Wealth LLC | 128,500 | $5M | 0.5% | 2026-Q1 |
| CROBAN added | 126,974 | $5M | 0.5% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 124,839 | $4M | 0.5% | 2026-Q1 |
| Frazier Financial Advisors, LLC added | 118,711 | $4M | 0.5% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 114,540 | $4M | 0.5% | 2026-Q1 |
| Wealthcare Advisory Partners LLC trimmed | 100,160 | $4M | 0.4% | 2026-Q1 |
| AdvisorNet Financial, Inc added | 95,624 | $3M | 0.4% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 92,361 | $3M | 0.4% | 2026-Q1 |
| Evanson Asset Management, LLC trimmed | 90,554 | $3M | 0.4% | 2026-Q1 |
| Waverly Advisors, LLC added | 89,290 | $3M | 0.4% | 2026-Q1 |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC trimmed | 80,810 | $3M | 0.3% | 2026-Q1 |
| Focus Partners Wealth trimmed | 80,464 | $3M | 0.3% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 79,726 | $3M | 0.3% | 2026-Q1 |
| VAUGHAN & Co SECURITIES, INC. | 78,492 | $3M | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 78,059 | $3M | 0.3% | 2026-Q1 |
| Merit Financial Group, LLC added | 77,634 | $3M | 0.3% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 75,646 | $3M | 0.3% | 2026-Q1 |
| VESTOR CAPITAL, LLC added | 75,321 | $3M | 0.3% | 2026-Q1 |
| Dickmeyer Boyce Financial Management, Inc. new | 74,016 | $3M | 0.3% | 2026-Q1 |
| Total Clarity Wealth Management, Inc. added | 71,231 | $3M | 0.3% | 2026-Q1 |
| Cerity Partners LLC trimmed | 70,613 | $3M | 0.3% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 70,141 | $2M | 0.3% | 2026-Q1 |
| STOCK YARDS BANK & TRUST CO added | 69,212 | $2M | 0.3% | 2026-Q1 |
| Marathon Strategic Advisors, LLC added | 68,287 | $2M | 0.3% | 2026-Q1 |
| Capital Analysts, LLC added | 66,189 | $2M | 0.3% | 2026-Q1 |
| BEACON FINANCIAL GROUP trimmed | 64,234 | $2M | 0.3% | 2026-Q1 |
| &PARTNERS trimmed | 63,551 | $2M | 0.3% | 2026-Q1 |
| FOUNDERS GROVE WEALTH PARTNERS, LLC trimmed | 60,029 | $2M | 0.2% | 2026-Q1 |
| TopTier Wealth Management, LLC trimmed | 59,059 | $2M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 59,029 | $2M | 0.2% | 2026-Q1 |
| CAHILL FINANCIAL ADVISORS INC added | 58,067 | $2M | 0.2% | 2026-Q1 |
| Aspen Investment Management Inc trimmed | 57,776 | $2M | 0.2% | 2026-Q1 |
| 180 WEALTH ADVISORS, LLC trimmed | 57,080 | $2M | 0.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 56,715 | $2M | 0.2% | 2026-Q1 |
| Glen Eagle Advisors, LLC trimmed | 56,532 | $2M | 0.2% | 2026-Q1 |
| Midwest Trust Co trimmed | 56,261 | $2M | 0.2% | 2026-Q1 |
| Modera Wealth Management, LLC added | 55,901 | $2M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 53,943 | $2M | 0.2% | 2026-Q1 |
| FINANCIAL ADVISORY PARTNERS, LLC added | 53,193 | $2M | 0.2% | 2026-Q1 |
| Salomon & Ludwin, LLC trimmed | 52,401 | $2M | 0.2% | 2026-Q1 |
| FFG RETIREMENT ADVISORS LLC added | 52,157 | $2M | 0.2% | 2026-Q1 |
| Investment Research Partners LLC added | 50,916 | $2M | 0.2% | 2026-Q1 |
| JNBA Financial Advisors trimmed | 50,701 | $2M | 0.2% | 2026-Q1 |
| NBT BANK N A /NY added | 50,116 | $2M | 0.2% | 2026-Q1 |
| Ascent Group, LLC trimmed | 49,877 | $2M | 0.2% | 2026-Q1 |
| Powers Advisory Group, LLC trimmed | 48,861 | $2M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 47,000 | $2M | 0.2% | 2026-Q1 |
| Arkadios Wealth Advisors added | 43,230 | $2M | 0.2% | 2026-Q1 |
| Old North State Wealth Management, LLC added | 41,321 | $1M | 0.2% | 2026-Q1 |
| INVESTED ADVISORS added | 41,300 | $1M | 0.2% | 2026-Q1 |
| WESBANCO BANK INC trimmed | 40,819 | $1M | 0.2% | 2026-Q1 |
| F&V Capital Management, LLC added | 40,245 | $1M | 0.2% | 2026-Q1 |
| World Investment Advisors added | 39,959 | $1M | 0.2% | 2026-Q1 |
| Platform Technology Partners | 39,781 | $1M | 0.2% | 2026-Q1 |
| INSPIRION WEALTH ADVISORS, LLC trimmed | 38,398 | $1M | 0.2% | 2026-Q1 |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 100,168 | $3M | 0.4% | 2025-Q2 stale |
| GWN SECURITIES INC. new | 79,659 | $3M | 0.3% | 2025-Q1 stale |
| Farmers National Bank trimmed | 74,707 | $2M | 0.3% | 2025-Q4 stale |
| FINANCIAL COUNSELORS INC added | 70,659 | $2M | 0.3% | 2025-Q1 stale |
| TFG Advisers LLC trimmed | 44,931 | $1M | 0.2% | 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.