Who owns DFAI (DFAI)
Which tracked institutional funds hold DFAI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFAI 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 DFAI is one-sided between 2025-Q4 and 2026-Q1: 310 added or opened and 78 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
DFAI’s largest tracked holder by dollar value, ENVESTNET ASSET MANAGEMENT INC, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 2.5% of theirs — a 2.2pp gap the other way — the median holder sizes DFAI more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFAI 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 787 tracked filers holding DFAI, 489 increased or opened the position and 262 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 DFAI 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 28
- First Command Advisory Services, Inc.$581M
- Annex Advisory Services, LLC$152M
- WNY Asset Management, LLC$56M
- Owl Creek Wealth Partners LLC$17M
- GK Wealth Management LLC$13M
- Great Diamond Partners, LLC$10M
Full exits 27
- AXXCESS WEALTH MANAGEMENT, LLC$27M
- PURE PORTFOLIOS HOLDINGS LLC$10M
- Platform Wealth Management, LLC$10M
- Thrivent Financial for Lutherans$10M
- Westwood Wealth Management$9M
- Edge Financial Advisors LLC$9M
Largest adds
- ENVESTNET ASSET MANAGEMENT INC$629M
- McKinley Carter Wealth Services, Inc.$104M
- Klaas Financial Asset Advisors, LLC$89M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$67M
- HARBOUR INVESTMENTS, INC.$49M
- MERCER GLOBAL ADVISORS INC /ADV$48M
Largest trims
- PRUDENTIAL FINANCIAL INC$121M
- JANE STREET GROUP, LLC$64M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$31M
- NewEdge Advisors, LLC$17M
- Austin Wealth Management, LLC$13M
- Vermillion & White Wealth Management Group, LLC$9M
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 |
|---|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC added | 25,959,915 | $1.0B | 10.0% | 2026-Q1 |
| First Command Advisory Services, Inc. new | 14,912,688 | $581M | 5.7% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC trimmed | 11,259,602 | $439M | 4.3% | 2026-Q1 |
| COLDSTREAM CAPITAL MANAGEMENT INC added | 11,155,948 | $435M | 4.3% | 2026-Q1 |
| &PARTNERS added | 9,105,172 | $355M | 3.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 8,894,919 | $347M | 3.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 6,875,175 | $268M | 2.6% | 2026-Q1 |
| SYM FINANCIAL Corp trimmed | 6,518,468 | $254M | 2.5% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 5,900,123 | $230M | 2.3% | 2026-Q1 |
| Mariner, LLC added | 4,279,724 | $167M | 1.6% | 2026-Q1 |
| UBS Group AG added | 4,194,947 | $163M | 1.6% | 2026-Q1 |
| Root Financial Partners, LLC added | 4,167,029 | $162M | 1.6% | 2026-Q1 |
| LPL Financial LLC added | 4,013,581 | $156M | 1.5% | 2026-Q1 |
| Annex Advisory Services, LLC new | 3,912,260 | $152M | 1.5% | 2026-Q1 |
| Moisand Fitzgerald Tamayo, LLC trimmed | 3,599,322 | $140M | 1.4% | 2026-Q1 |
| McKinley Carter Wealth Services, Inc. added | 3,484,718 | $136M | 1.3% | 2026-Q1 |
| Vise Technologies, Inc. | 3,408,299 | $130M | 1.3% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 3,219,028 | $125M | 1.2% | 2026-Q1 |
| One Capital Management, LLC added | 2,955,353 | $115M | 1.1% | 2026-Q1 |
| Pure Financial Advisors, LLC trimmed | 2,945,842 | $115M | 1.1% | 2026-Q1 |
| EVOKE WEALTH, LLC added | 2,935,091 | $114M | 1.1% | 2026-Q1 |
| LVZ, Inc. added | 2,896,421 | $113M | 1.1% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 2,741,547 | $107M | 1.1% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 2,715,179 | $106M | 1.0% | 2026-Q1 |
| Clearstead Advisors, LLC added | 2,714,734 | $106M | 1.0% | 2026-Q1 |
| FIRST NATIONAL BANK OF OMAHA added | 2,536,433 | $99M | 1.0% | 2026-Q1 |
| HighTower Advisors, LLC added | 2,514,144 | $98M | 1.0% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 2,390,117 | $93M | 0.9% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 2,349,154 | $92M | 0.9% | 2026-Q1 |
| Klaas Financial Asset Advisors, LLC added | 2,305,283 | $90M | 0.9% | 2026-Q1 |
| Cetera Investment Advisers added | 2,290,075 | $89M | 0.9% | 2026-Q1 |
| Focus Partners Wealth trimmed | 2,275,770 | $89M | 0.9% | 2026-Q1 |
| MASECO LLP added | 2,267,385 | $88M | 0.9% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 2,223,212 | $87M | 0.9% | 2026-Q1 |
| Marquette Asset Management, LLC added | 2,216,137 | $86M | 0.9% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 2,149,113 | $84M | 0.8% | 2026-Q1 |
| Wealthspire Advisors, LLC trimmed | 1,991,210 | $78M | 0.8% | 2026-Q1 |
| RAM Investment Partners, LLC added | 1,909,728 | $74M | 0.7% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,882,852 | $73M | 0.7% | 2026-Q1 |
| Zhang Financial LLC added | 1,843,654 | $72M | 0.7% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 1,832,034 | $71M | 0.7% | 2026-Q1 |
| Berman McAleer LLC added | 1,830,009 | $71M | 0.7% | 2026-Q1 |
| Kestra Investment Management, LLC added | 1,806,176 | $70M | 0.7% | 2026-Q1 |
| Financial Management Professionals, Inc. added | 1,694,569 | $66M | 0.7% | 2026-Q1 |
| BRIGHTON JONES LLC added | 1,584,483 | $62M | 0.6% | 2026-Q1 |
| Apollon Wealth Management, LLC added | 1,555,006 | $61M | 0.6% | 2026-Q1 |
| Bedel Financial Consulting, Inc. added | 1,528,044 | $60M | 0.6% | 2026-Q1 |
| Bridgewater Advisors Inc. added | 1,414,582 | $59M | 0.6% | 2026-Q1 |
| First National Advisers, LLC added | 1,460,459 | $57M | 0.6% | 2026-Q1 |
| RVW Wealth, LLC trimmed | 1,456,488 | $57M | 0.6% | 2026-Q1 |
| WNY Asset Management, LLC trimmed | 1,442,997 | $56M | 0.6% | 2026-Q1 |
| Wealth Dimensions Group, Ltd. added | 1,422,691 | $55M | 0.5% | 2026-Q1 |
| Pioneer Wealth Management Group added | 1,420,804 | $55M | 0.5% | 2026-Q1 |
| McIlrath & Eck, LLC trimmed | 1,393,201 | $54M | 0.5% | 2026-Q1 |
| Cerity Partners LLC added | 1,275,994 | $50M | 0.5% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 1,274,663 | $50M | 0.5% | 2026-Q1 |
| Savant Capital, LLC added | 1,264,342 | $49M | 0.5% | 2026-Q1 |
| Great Point Wealth Advisors, LLC added | 1,226,441 | $48M | 0.5% | 2026-Q1 |
| Aquire Wealth Advisors, LLC added | 1,219,756 | $48M | 0.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,209,653 | $47M | 0.5% | 2026-Q1 |
| Apella Capital, LLC added | 1,113,561 | $46M | 0.5% | 2026-Q1 |
| MAI Capital Management added | 1,191,936 | $46M | 0.5% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 1,173,213 | $46M | 0.5% | 2026-Q1 |
| Private Advisor Group, LLC added | 1,155,451 | $45M | 0.4% | 2026-Q1 |
| MATHER GROUP, LLC. added | 1,154,484 | $45M | 0.4% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 1,112,895 | $44M | 0.4% | 2026-Q1 |
| Stadion Money Management, LLC added | 1,104,032 | $43M | 0.4% | 2026-Q1 |
| Spinnaker Investment Group, LLC trimmed | 1,089,689 | $42M | 0.4% | 2026-Q1 |
| HighPoint Advisor Group LLC added | 1,044,576 | $41M | 0.4% | 2026-Q1 |
| Arista Wealth Management, LLC trimmed | 1,044,052 | $41M | 0.4% | 2026-Q1 |
| Prudent Man Investment Management, Inc. added | 1,055,534 | $40M | 0.4% | 2026-Q1 |
| Everhart Financial Group, Inc. added | 1,031,892 | $40M | 0.4% | 2026-Q1 |
| JFS WEALTH ADVISORS, LLC added | 1,013,438 | $39M | 0.4% | 2026-Q1 |
| Chico Wealth RIA added | 1,001,616 | $39M | 0.4% | 2026-Q1 |
| Perigon Wealth Management, LLC added | 999,431 | $39M | 0.4% | 2026-Q1 |
| Baird Financial Group, Inc. added | 970,233 | $38M | 0.4% | 2026-Q1 |
| EARNED WEALTH ADVISORS, LLC added | 968,520 | $38M | 0.4% | 2026-Q1 |
| Smartleaf Asset Management LLC added | 975,380 | $37M | 0.4% | 2026-Q1 |
| SAX WEALTH ADVISORS, LLC trimmed | 957,467 | $36M | 0.4% | 2026-Q1 |
| SC&H Financial Advisors, Inc. added | 932,172 | $36M | 0.4% | 2026-Q1 |
| Annandale Capital, LLC trimmed | 917,085 | $36M | 0.4% | 2026-Q1 |
| MISSION WEALTH MANAGEMENT, LP added | 916,983 | $36M | 0.4% | 2026-Q1 |
| Crusonia Wealth Advisors LLC added | 887,494 | $35M | 0.3% | 2026-Q1 |
| Pallas Capital Advisors LLC trimmed | 860,187 | $34M | 0.3% | 2026-Q1 |
| Consilium Wealth Advisory, LLC added | 858,597 | $33M | 0.3% | 2026-Q1 |
| LRI Investments, LLC trimmed | 844,333 | $33M | 0.3% | 2026-Q1 |
| Amicus Financial Advisors, LLC trimmed | 841,797 | $33M | 0.3% | 2026-Q1 |
| Financial Alternatives, Inc added | 829,923 | $32M | 0.3% | 2026-Q1 |
| Trinity Financial Advisors LLC added | 825,547 | $32M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 824,320 | $32M | 0.3% | 2026-Q1 |
| Monument Group Wealth Advisors, LLC added | 812,122 | $32M | 0.3% | 2026-Q1 |
| Aptus Capital Advisors, LLC added | 793,779 | $31M | 0.3% | 2026-Q1 |
| Valued Wealth Advisors LLC added | 790,903 | $31M | 0.3% | 2026-Q1 |
| Joseph Group Capital Management added | 786,242 | $31M | 0.3% | 2026-Q1 |
| Allworth Financial LP added | 778,415 | $30M | 0.3% | 2026-Q1 |
| World Investment Advisors added | 766,554 | $30M | 0.3% | 2026-Q1 |
| Physician Wealth Advisors, Inc. added | 763,480 | $30M | 0.3% | 2026-Q1 |
| Cable Hill Partners, LLC added | 5,709,320 | $185M | 1.8% | 2025-Q1 stale |
| Hemington Wealth Management added | 1,569,043 | $57M | 0.6% | 2025-Q3 stale |
| Willow Creek Wealth Management Inc. added | 1,320,407 | $48M | 0.5% | 2025-Q3 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.