Who owns DFAE (DFAE)
Which tracked institutional funds hold DFAE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFAE 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 DFAE is one-sided between 2025-Q4 and 2026-Q1: 236 added or opened and 52 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
DFAE’s largest tracked holder by dollar value, Retirement Systems of Alabama, sizes it at 1.4% of its own reported 13F book, while the median holder sizes it at 1.1% 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 DFAE 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 663 tracked filers holding DFAE, 379 increased or opened the position and 242 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 DFAE 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 31
- Annex Advisory Services, LLC$71M
- MCF Advisors LLC$22M
- BlueSky Wealth Advisors, LLC$20M
- OLD MISSION CAPITAL LLC$18M
- Navigation Group, LLC$10M
- Koshinski Asset Management, Inc.$8M
Full exits 17
- SOL Capital Management CO$7M
- McMill Wealth Management$7M
- PURE PORTFOLIOS HOLDINGS LLC$6M
- SB Capital Management Inc$4M
- Edge Financial Advisors LLC$3M
- Heritage Financial Services, LLC$3M
Largest adds
- McKinley Carter Wealth Services, Inc.$57M
- Horizon Investments, LLC$50M
- Klaas Financial Asset Advisors, LLC$36M
- FMR LLC$31M
- BANK OF AMERICA CORP /DE/$31M
- Cerity Partners LLC$22M
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$78M
- Falcon Wealth Planning$44M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$17M
- Orion Porfolio Solutions, LLC$16M
- Austin Wealth Management, LLC$8M
- SEVEN MILE ADVISORY$5M
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 |
|---|---|---|---|---|
| Retirement Systems of Alabama | 12,668,769 | $429M | 7.7% | 2026-Q1 |
| MATHER GROUP, LLC. trimmed | 12,087,652 | $409M | 7.4% | 2026-Q1 |
| FMR LLC added | 9,835,944 | $333M | 6.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 6,797,040 | $230M | 4.1% | 2026-Q1 |
| UBS Group AG added | 6,760,200 | $229M | 4.1% | 2026-Q1 |
| COLDSTREAM CAPITAL MANAGEMENT INC added | 4,308,904 | $146M | 2.6% | 2026-Q1 |
| Mariner, LLC added | 4,257,033 | $144M | 2.6% | 2026-Q1 |
| Foster Group, Inc. trimmed | 3,795,256 | $129M | 2.3% | 2026-Q1 |
| Root Financial Partners, LLC added | 3,229,392 | $109M | 2.0% | 2026-Q1 |
| FACTORY MUTUAL INSURANCE CO | 3,086,900 | $105M | 1.9% | 2026-Q1 |
| Horizon Investments, LLC added | 2,777,922 | $94M | 1.7% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 2,681,016 | $91M | 1.6% | 2026-Q1 |
| Washington Trust Bank added | 2,606,969 | $88M | 1.6% | 2026-Q1 |
| Vise Technologies, Inc. | 2,670,478 | $87M | 1.6% | 2026-Q1 |
| Wealthspire Advisors, LLC trimmed | 2,436,299 | $82M | 1.5% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 2,351,377 | $80M | 1.4% | 2026-Q1 |
| Cerity Partners LLC added | 2,317,535 | $78M | 1.4% | 2026-Q1 |
| McKinley Carter Wealth Services, Inc. added | 2,179,072 | $74M | 1.3% | 2026-Q1 |
| Focus Partners Wealth trimmed | 2,152,211 | $73M | 1.3% | 2026-Q1 |
| EVOKE WEALTH, LLC added | 2,129,704 | $72M | 1.3% | 2026-Q1 |
| Annex Advisory Services, LLC new | 2,099,668 | $71M | 1.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 2,072,908 | $70M | 1.3% | 2026-Q1 |
| TCI Wealth Advisors, Inc. added | 2,056,150 | $70M | 1.3% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 1,924,506 | $65M | 1.2% | 2026-Q1 |
| True Link Financial Advisors, LLC added | 1,819,051 | $62M | 1.1% | 2026-Q1 |
| Catalyst Capital Advisors LLC added | 1,706,676 | $58M | 1.0% | 2026-Q1 |
| Millburn Ridgefield LLC /DE/ added | 1,706,676 | $58M | 1.0% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 1,646,838 | $56M | 1.0% | 2026-Q1 |
| FOUNDERS FINANCIAL SECURITIES LLC added | 1,396,774 | $50M | 0.9% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,468,867 | $50M | 0.9% | 2026-Q1 |
| Creative Planning trimmed | 1,440,907 | $49M | 0.9% | 2026-Q1 |
| MASECO LLP added | 1,399,794 | $47M | 0.9% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 1,342,067 | $45M | 0.8% | 2026-Q1 |
| RAM Investment Partners, LLC added | 1,325,462 | $45M | 0.8% | 2026-Q1 |
| Petersen Hastings Wealth Advisors Inc. added | 1,284,848 | $44M | 0.8% | 2026-Q1 |
| CWM, LLC added | 1,265,472 | $43M | 0.8% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 1,232,298 | $42M | 0.7% | 2026-Q1 |
| LPL Financial LLC added | 1,153,999 | $39M | 0.7% | 2026-Q1 |
| Aquire Wealth Advisors, LLC added | 1,093,683 | $37M | 0.7% | 2026-Q1 |
| Klaas Financial Asset Advisors, LLC added | 1,075,966 | $36M | 0.7% | 2026-Q1 |
| Great Point Wealth Advisors, LLC trimmed | 1,073,678 | $36M | 0.7% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 1,049,627 | $36M | 0.6% | 2026-Q1 |
| Ledyard National Bank added | 1,000,247 | $34M | 0.6% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 945,379 | $32M | 0.6% | 2026-Q1 |
| WPWealth LLP added | 873,406 | $30M | 0.5% | 2026-Q1 |
| West Financial Advisors, LLC trimmed | 862,196 | $29M | 0.5% | 2026-Q1 |
| RVW Wealth, LLC trimmed | 858,565 | $29M | 0.5% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC trimmed | 850,754 | $29M | 0.5% | 2026-Q1 |
| Perigon Wealth Management, LLC added | 817,064 | $28M | 0.5% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 806,633 | $27M | 0.5% | 2026-Q1 |
| Physician Wealth Advisors, Inc. added | 779,259 | $26M | 0.5% | 2026-Q1 |
| Bedel Financial Consulting, Inc. added | 773,996 | $26M | 0.5% | 2026-Q1 |
| MARKET STREET WEALTH MANAGEMENT ADVISORS LLC trimmed | 769,872 | $26M | 0.5% | 2026-Q1 |
| Morling Financial Advisors, LLC added | 769,272 | $26M | 0.5% | 2026-Q1 |
| FIDUCIARY FINANCIAL GROUP, LLC added | 765,800 | $26M | 0.5% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 763,514 | $26M | 0.5% | 2026-Q1 |
| Stadion Money Management, LLC trimmed | 752,507 | $25M | 0.5% | 2026-Q1 |
| Annandale Capital, LLC trimmed | 717,027 | $24M | 0.4% | 2026-Q1 |
| MISSION WEALTH MANAGEMENT, LP trimmed | 714,267 | $24M | 0.4% | 2026-Q1 |
| Diversified Portfolios, Inc. trimmed | 699,905 | $24M | 0.4% | 2026-Q1 |
| Marquette Asset Management, LLC added | 697,279 | $24M | 0.4% | 2026-Q1 |
| CPA Asset Management Group, LLC added | 683,939 | $23M | 0.4% | 2026-Q1 |
| Apella Capital, LLC added | 610,144 | $23M | 0.4% | 2026-Q1 |
| Clearstead Advisors, LLC added | 679,741 | $23M | 0.4% | 2026-Q1 |
| Wealth Management Nebraska added | 675,630 | $23M | 0.4% | 2026-Q1 |
| BRIGHTON JONES LLC added | 672,686 | $23M | 0.4% | 2026-Q1 |
| JFS WEALTH ADVISORS, LLC trimmed | 671,726 | $23M | 0.4% | 2026-Q1 |
| Pioneer Wealth Management Group added | 662,686 | $22M | 0.4% | 2026-Q1 |
| MCF Advisors LLC new | 645,426 | $22M | 0.4% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 627,078 | $21M | 0.4% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 616,667 | $21M | 0.4% | 2026-Q1 |
| Arista Wealth Management, LLC trimmed | 616,083 | $21M | 0.4% | 2026-Q1 |
| Colony Family Offices, LLC added | 608,449 | $21M | 0.4% | 2026-Q1 |
| Modera Wealth Management, LLC trimmed | 606,150 | $21M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 601,957 | $20M | 0.4% | 2026-Q1 |
| GRIMES & Co WEALTH MANAGEMENT, LLC added | 597,361 | $20M | 0.4% | 2026-Q1 |
| Creative Capital Management Investments LLC trimmed | 592,892 | $20M | 0.4% | 2026-Q1 |
| BlueSky Wealth Advisors, LLC new | 592,361 | $20M | 0.4% | 2026-Q1 |
| Everhart Financial Group, Inc. added | 590,888 | $20M | 0.4% | 2026-Q1 |
| Moisand Fitzgerald Tamayo, LLC trimmed | 587,776 | $20M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 606,357 | $20M | 0.4% | 2026-Q1 |
| Pallas Capital Advisors LLC trimmed | 584,856 | $20M | 0.4% | 2026-Q1 |
| Berger Financial Group, Inc trimmed | 574,782 | $19M | 0.3% | 2026-Q1 |
| EVERGREEN CAPITAL MANAGEMENT LLC added | 572,970 | $19M | 0.3% | 2026-Q1 |
| Index Fund Advisors, Inc. added | 567,117 | $19M | 0.3% | 2026-Q1 |
| Avior Wealth Management, LLC added | 562,999 | $19M | 0.3% | 2026-Q1 |
| Wealth Dimensions Group, Ltd. added | 562,413 | $19M | 0.3% | 2026-Q1 |
| Austin Wealth Management, LLC trimmed | 542,811 | $18M | 0.3% | 2026-Q1 |
| OLD MISSION CAPITAL LLC added | 539,918 | $18M | 0.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 529,415 | $18M | 0.3% | 2026-Q1 |
| ECLECTIC ASSOCIATES INC /ADV added | 526,294 | $18M | 0.3% | 2026-Q1 |
| Freedom Investment Management, Inc. trimmed | 515,358 | $17M | 0.3% | 2026-Q1 |
| Bridgewater Advisors Inc. added | 436,182 | $17M | 0.3% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 500,273 | $17M | 0.3% | 2026-Q1 |
| Private Advisor Group, LLC added | 498,237 | $17M | 0.3% | 2026-Q1 |
| Cable Hill Partners, LLC added | 2,519,591 | $65M | 1.2% | 2025-Q1 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 1,506,344 | $44M | 0.8% | 2025-Q2 stale |
| JANE STREET GROUP, LLC added | 800,000 | $25M | 0.5% | 2025-Q3 stale |
| CITADEL ADVISORS LLC added | 796,983 | $23M | 0.4% | 2025-Q2 stale |
| Aveo Capital Partners, LLC trimmed | 716,141 | $19M | 0.3% | 2025-Q1 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.