Who owns 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-Q2 13F filings (latest filed 2026-08-19). 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 2026-Q1 and 2026-Q2: 362 added or opened and 53 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 1.5% of its own reported 13F book, while the median holder sizes it at 1.3% of theirs — a 0.2pp 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 2026-Q1 and 2026-Q2, across 688 tracked filers holding DFAE, 361 increased or opened the position and 308 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 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 24
- Financial Management Professionals, Inc.$29M
- Atria Investments, Inc$20M
- IMA Advisory Services, Inc.$16M
- Highland Investment Advisors LLC$12M
- Diversify Advisory Services, LLC$10M
- Noble Wealth Partners LLC$4M
Full exits 33
- EVOKE WEALTH, LLC$72M
- HighTower Advisors, LLC$70M
- CWM, LLC$43M
- PARK AVENUE SECURITIES LLC$32M
- Annandale Capital, LLC$24M
- DiNuzzo Private Wealth, Inc.$14M
Largest adds
- MATHER GROUP, LLC.$92M
- BANK OF AMERICA CORP /DE/$91M
- MAI Capital Management$91M
- Retirement Systems of Alabama$80M
- FMR LLC$55M
- UBS Group AG$51M
Largest trims
- FACTORY MUTUAL INSURANCE CO$67M
- COLDSTREAM CAPITAL MANAGEMENT INC$61M
- True Link Financial Advisors, LLC$60M
- Horizon Investments, LLC$39M
- OLD MISSION CAPITAL LLC$13M
- Bridgewater Advisors Inc.$8M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Retirement Systems of Alabama | 12,668,769 | $509M | 8.1% | 2026-Q2 |
| MATHER GROUP, LLC. added | 12,473,477 | $502M | 8.0% | 2026-Q2 |
| FMR LLC trimmed | 9,655,546 | $388M | 6.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 7,986,445 | $321M | 5.1% | 2026-Q2 |
| UBS Group AG added | 6,959,996 | $280M | 4.5% | 2026-Q2 |
| Mariner, LLC added | 4,358,277 | $175M | 2.8% | 2026-Q2 |
| Foster Group, Inc. trimmed | 3,569,348 | $144M | 2.3% | 2026-Q2 |
| Root Financial Partners, LLC trimmed | 3,080,099 | $124M | 2.0% | 2026-Q2 |
| Vise Technologies, Inc. added | 2,965,059 | $119M | 1.9% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 2,803,185 | $113M | 1.8% | 2026-Q2 |
| MAI Capital Management added | 2,587,135 | $104M | 1.7% | 2026-Q2 |
| Cerity Partners LLC added | 2,553,687 | $103M | 1.6% | 2026-Q2 |
| Washington Trust Bank trimmed | 2,515,047 | $101M | 1.6% | 2026-Q2 |
| TCI Wealth Advisors, Inc. added | 2,436,573 | $98M | 1.6% | 2026-Q2 |
| Wealthspire Advisors, LLC trimmed | 2,373,919 | $95M | 1.5% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 2,327,473 | $94M | 1.5% | 2026-Q2 |
| McKinley Carter Wealth Services, Inc. added | 2,299,652 | $92M | 1.5% | 2026-Q2 |
| Annex Advisory Services, LLC added | 2,267,929 | $91M | 1.5% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 2,236,440 | $90M | 1.4% | 2026-Q2 |
| Focus Partners Wealth added | 2,169,299 | $87M | 1.4% | 2026-Q2 |
| COLDSTREAM CAPITAL MANAGEMENT INC trimmed | 2,121,551 | $85M | 1.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,669,301 | $67M | 1.1% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 1,591,278 | $64M | 1.0% | 2026-Q2 |
| Catalyst Capital Advisors LLC trimmed | 1,568,138 | $63M | 1.0% | 2026-Q2 |
| Millburn Ridgefield LLC /DE/ trimmed | 1,568,138 | $63M | 1.0% | 2026-Q2 |
| MASECO LLP added | 1,441,537 | $58M | 0.9% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 1,425,068 | $57M | 0.9% | 2026-Q2 |
| Creative Planning trimmed | 1,407,715 | $57M | 0.9% | 2026-Q2 |
| FOUNDERS FINANCIAL SECURITIES LLC trimmed | 1,375,931 | $55M | 0.9% | 2026-Q2 |
| Horizon Investments, LLC trimmed | 1,371,311 | $55M | 0.9% | 2026-Q2 |
| RAM Investment Partners, LLC added | 1,329,439 | $53M | 0.9% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC added | 1,300,402 | $52M | 0.8% | 2026-Q2 |
| Petersen Hastings Wealth Advisors Inc. trimmed | 1,219,322 | $49M | 0.8% | 2026-Q2 |
| ASSETMARK, INC added | 1,168,966 | $47M | 0.7% | 2026-Q2 |
| LPL Financial LLC trimmed | 1,143,800 | $46M | 0.7% | 2026-Q2 |
| Aquire Wealth Advisors, LLC added | 1,134,603 | $46M | 0.7% | 2026-Q2 |
| Klaas Financial Asset Advisors, LLC added | 1,113,097 | $45M | 0.7% | 2026-Q2 |
| Great Point Wealth Advisors, LLC added | 1,080,125 | $43M | 0.7% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 1,055,561 | $42M | 0.7% | 2026-Q2 |
| Savant Capital, LLC added | 1,009,811 | $40M | 0.6% | 2026-Q2 |
| West Financial Advisors, LLC added | 986,974 | $40M | 0.6% | 2026-Q2 |
| Ledyard National Bank trimmed | 973,037 | $39M | 0.6% | 2026-Q2 |
| FACTORY MUTUAL INSURANCE CO trimmed | 924,700 | $37M | 0.6% | 2026-Q2 |
| RVW Wealth, LLC added | 892,305 | $36M | 0.6% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 838,859 | $34M | 0.5% | 2026-Q2 |
| Perigon Wealth Management, LLC added | 837,660 | $34M | 0.5% | 2026-Q2 |
| WPWealth LLP trimmed | 824,717 | $33M | 0.5% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC trimmed | 817,044 | $33M | 0.5% | 2026-Q2 |
| FIDUCIARY FINANCIAL GROUP, LLC added | 808,884 | $33M | 0.5% | 2026-Q2 |
| Bedel Financial Consulting, Inc. added | 801,558 | $32M | 0.5% | 2026-Q2 |
| MISSION WEALTH MANAGEMENT, LP added | 776,286 | $31M | 0.5% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 773,891 | $30M | 0.5% | 2026-Q2 |
| MARKET STREET WEALTH MANAGEMENT ADVISORS LLC trimmed | 745,037 | $30M | 0.5% | 2026-Q2 |
| Morling Financial Advisors, LLC trimmed | 736,803 | $30M | 0.5% | 2026-Q2 |
| Financial Management Professionals, Inc. new | 732,886 | $29M | 0.5% | 2026-Q2 |
| Wealth Management Nebraska added | 702,365 | $28M | 0.4% | 2026-Q2 |
| BRIGHTON JONES LLC added | 698,559 | $28M | 0.4% | 2026-Q2 |
| Diversified Portfolios, Inc. trimmed | 696,657 | $28M | 0.4% | 2026-Q2 |
| Marquette Asset Management, LLC trimmed | 695,550 | $28M | 0.4% | 2026-Q2 |
| JFS WEALTH ADVISORS, LLC added | 692,698 | $28M | 0.4% | 2026-Q2 |
| Clearstead Advisors, LLC added | 686,310 | $28M | 0.4% | 2026-Q2 |
| CPA Asset Management Group, LLC trimmed | 675,582 | $27M | 0.4% | 2026-Q2 |
| Pioneer Wealth Management Group added | 671,538 | $27M | 0.4% | 2026-Q2 |
| Stadion Money Management, LLC trimmed | 661,418 | $27M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 659,595 | $27M | 0.4% | 2026-Q2 |
| EVERGREEN CAPITAL MANAGEMENT LLC added | 656,713 | $26M | 0.4% | 2026-Q2 |
| Everhart Financial Group, Inc. added | 656,464 | $26M | 0.4% | 2026-Q2 |
| BlueSky Wealth Advisors, LLC added | 651,220 | $26M | 0.4% | 2026-Q2 |
| GRIMES & Co WEALTH MANAGEMENT, LLC added | 644,554 | $26M | 0.4% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 644,490 | $26M | 0.4% | 2026-Q2 |
| Physician Wealth Advisors, Inc. trimmed | 640,767 | $26M | 0.4% | 2026-Q2 |
| Arista Wealth Management, LLC added | 638,179 | $26M | 0.4% | 2026-Q2 |
| MCF Advisors LLC trimmed | 636,720 | $26M | 0.4% | 2026-Q2 |
| Pallas Capital Advisors LLC added | 623,861 | $25M | 0.4% | 2026-Q2 |
| Berger Financial Group, Inc added | 623,436 | $25M | 0.4% | 2026-Q2 |
| Creative Capital Management Investments LLC added | 623,432 | $25M | 0.4% | 2026-Q2 |
| Apella Capital, LLC trimmed | 608,037 | $24M | 0.4% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 606,993 | $24M | 0.4% | 2026-Q2 |
| Modera Wealth Management, LLC trimmed | 601,461 | $24M | 0.4% | 2026-Q2 |
| Colony Family Offices, LLC trimmed | 595,810 | $24M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 593,601 | $24M | 0.4% | 2026-Q2 |
| Moisand Fitzgerald Tamayo, LLC added | 590,139 | $24M | 0.4% | 2026-Q2 |
| Index Fund Advisors, Inc. added | 580,565 | $23M | 0.4% | 2026-Q2 |
| Wealth Dimensions Group, Ltd. added | 573,500 | $23M | 0.4% | 2026-Q2 |
| Confluence Wealth Services, Inc. added | 566,077 | $23M | 0.4% | 2026-Q2 |
| Austin Wealth Management, LLC added | 551,255 | $21M | 0.3% | 2026-Q2 |
| ECLECTIC ASSOCIATES INC /ADV trimmed | 519,832 | $21M | 0.3% | 2026-Q2 |
| Avior Wealth Management, LLC trimmed | 509,605 | $20M | 0.3% | 2026-Q2 |
| Atria Investments, Inc added | 504,576 | $20M | 0.3% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 500,328 | $20M | 0.3% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 499,518 | $20M | 0.3% | 2026-Q2 |
| Wescott Financial Advisory Group, LLC added | 496,979 | $20M | 0.3% | 2026-Q2 |
| VOISARD ASSET MANAGEMENT GROUP, INC. trimmed | 493,433 | $20M | 0.3% | 2026-Q2 |
| Sterling Wealth Management, Inc. trimmed | 483,895 | $19M | 0.3% | 2026-Q2 |
| Freedom Investment Management, Inc. trimmed | 478,127 | $19M | 0.3% | 2026-Q2 |
| Chico Wealth RIA added | 466,601 | $19M | 0.3% | 2026-Q2 |
| COLLECTIVE FAMILY OFFICE LLC added | 462,748 | $19M | 0.3% | 2026-Q2 |
| Sequoia Financial Advisors, LLC trimmed | 451,816 | $18M | 0.3% | 2026-Q2 |
| Envision Financial Planning, LLC trimmed | 449,919 | $18M | 0.3% | 2026-Q2 |
| First Bancorp, Inc /ME/ added | 446,686 | $18M | 0.3% | 2026-Q2 |
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.