Who owns DFAR
Which tracked institutional funds hold DFAR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFAR 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 DFAR is one-sided between 2026-Q1 and 2026-Q2: 104 added or opened and 22 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
DFAR’s largest tracked holder by dollar value, Focus Partners Wealth, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 1.1% of theirs — a 1.0pp gap the other way — the median holder sizes DFAR more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFAR 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 290 tracked filers holding DFAR, 165 increased or opened the position and 108 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 DFAR 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 8
- Timonier Family Office, LTD.$11M
- Atria Investments, Inc$8M
- Diversify Advisory Services, LLC$5M
- Evanson Financial, LLC$4M
- MARYLAND CAPITAL ADVISORS INC.$4M
- RENAISSANCE TECHNOLOGIES LLC$3M
Full exits 13
- HighTower Advisors, LLC$64M
- TWO SIGMA INVESTMENTS, LP$31M
- EXENCIAL WEALTH ADVISORS, LLC$12M
- Betterment LLC$9M
- M Holdings Securities, Inc.$5M
- Strategic Wealth Advisors LLC$4M
Largest adds
- Vise Technologies, Inc.$18M
- Savant Capital, LLC$15M
- Root Financial Partners, LLC$11M
- D. E. Shaw & Co., Inc.$8M
- MONETA GROUP INVESTMENT ADVISORS LLC$7M
- North Berkeley Wealth Management, LLC$6M
Largest trims
- Elwood & Goetz Wealth Advisory Group, LLC$13M
- Stokes Family Office, LLC$5M
- Beaird Harris Wealth Management, LLC$3M
- Broadhurst Jeffrey B$1M
- Focus Partners Wealth$1M
- Frankly Finances, LLC$549K
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 |
|---|---|---|---|---|
| Focus Partners Wealth trimmed | 3,366,656 | $88M | 7.8% | 2026-Q2 |
| Root Financial Partners, LLC added | 2,326,002 | $61M | 5.4% | 2026-Q2 |
| Vise Technologies, Inc. added | 2,191,582 | $57M | 5.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 2,011,875 | $53M | 4.7% | 2026-Q2 |
| Elwood & Goetz Wealth Advisory Group, LLC trimmed | 1,795,268 | $47M | 4.2% | 2026-Q2 |
| RAM Investment Partners, LLC added | 1,456,821 | $38M | 3.4% | 2026-Q2 |
| Moisand Fitzgerald Tamayo, LLC added | 1,455,484 | $38M | 3.4% | 2026-Q2 |
| Savant Capital, LLC added | 1,194,369 | $32M | 2.8% | 2026-Q2 |
| GREAT OAK CAPITAL PARTNERS, LLC added | 1,081,514 | $29M | 2.5% | 2026-Q2 |
| Rather & Kittrell, Inc. added | 1,008,922 | $26M | 2.3% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 936,661 | $25M | 2.2% | 2026-Q2 |
| Sequoia Financial Advisors, LLC added | 757,577 | $20M | 1.8% | 2026-Q2 |
| Burton Enright Welch added | 750,411 | $20M | 1.7% | 2026-Q2 |
| Wealth Dimensions Group, Ltd. added | 717,843 | $19M | 1.7% | 2026-Q2 |
| PHILLIPS FINANCIAL MANAGEMENT, LLC trimmed | 657,049 | $17M | 1.5% | 2026-Q2 |
| United Wealth Management, LLC added | 600,451 | $16M | 1.4% | 2026-Q2 |
| North Berkeley Wealth Management, LLC added | 592,931 | $16M | 1.4% | 2026-Q2 |
| Fidato Wealth LLC added | 543,699 | $14M | 1.3% | 2026-Q2 |
| LRI Investments, LLC added | 518,972 | $14M | 1.2% | 2026-Q2 |
| Core Wealth Management, Inc. added | 504,582 | $13M | 1.2% | 2026-Q2 |
| JACKSON THORNTON WEALTH MANAGEMENT, LLC added | 502,097 | $13M | 1.2% | 2026-Q2 |
| Pathstone Holdings, LLC trimmed | 470,402 | $12M | 1.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 469,889 | $12M | 1.1% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC added | 451,563 | $12M | 1.0% | 2026-Q2 |
| Onyx Financial Advisors, LLC added | 441,767 | $12M | 1.0% | 2026-Q2 |
| PINNEY & SCOFIELD, INC. added | 439,581 | $11M | 1.0% | 2026-Q2 |
| Aspen Wealth Management LLC added | 438,451 | $11M | 1.0% | 2026-Q2 |
| SATOVSKY ASSET MANAGEMENT LLC added | 435,281 | $11M | 1.0% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 420,815 | $11M | 1.0% | 2026-Q2 |
| Timonier Family Office, LTD. added | 414,263 | $11M | 1.0% | 2026-Q2 |
| LPL Financial LLC added | 412,325 | $11M | 1.0% | 2026-Q2 |
| Forum Financial Management, LP trimmed | 395,886 | $10M | 0.9% | 2026-Q2 |
| Crestmont Private Wealth LLC added | 390,810 | $10M | 0.9% | 2026-Q2 |
| Apella Capital, LLC trimmed | 386,053 | $10M | 0.9% | 2026-Q2 |
| Pillar Financial Advisors, LLC added | 362,169 | $9M | 0.8% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 332,365 | $9M | 0.8% | 2026-Q2 |
| Straight Path Wealth Management added | 329,831 | $9M | 0.8% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 323,800 | $8M | 0.7% | 2026-Q2 |
| Financial Harvest, LLC added | 320,415 | $8M | 0.7% | 2026-Q2 |
| Atria Investments, Inc added | 318,109 | $8M | 0.7% | 2026-Q2 |
| Dynamic Advisor Solutions LLC trimmed | 308,340 | $8M | 0.7% | 2026-Q2 |
| CURIO WEALTH, LLC added | 300,258 | $8M | 0.7% | 2026-Q2 |
| AWM CAPITAL, LLC added | 291,455 | $8M | 0.7% | 2026-Q2 |
| Vannoy Advisory Group, Inc. added | 282,604 | $7M | 0.7% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 259,260 | $7M | 0.6% | 2026-Q2 |
| Beaird Harris Wealth Management, LLC trimmed | 258,386 | $7M | 0.6% | 2026-Q2 |
| Pinnacle Financial Group, LLC / IL trimmed | 257,634 | $7M | 0.6% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 256,111 | $7M | 0.6% | 2026-Q2 |
| Oceanside Advisors LLC added | 247,176 | $6M | 0.6% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 239,698 | $6M | 0.6% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 233,218 | $6M | 0.5% | 2026-Q2 |
| Integrity Wealth Solutions LLC added | 231,797 | $6M | 0.5% | 2026-Q2 |
| Gradient Capital Advisors, LLC added | 219,228 | $6M | 0.5% | 2026-Q2 |
| GRAND WEALTH MANAGEMENT, LLC added | 218,910 | $6M | 0.5% | 2026-Q2 |
| Seneschal Advisors, LLC added | 216,478 | $6M | 0.5% | 2026-Q2 |
| Citrine Capital LLC added | 213,752 | $6M | 0.5% | 2026-Q2 |
| Modera Wealth Management, LLC added | 207,614 | $5M | 0.5% | 2026-Q2 |
| LEGACY FINANCIAL GROUP, INC. trimmed | 201,626 | $5M | 0.5% | 2026-Q2 |
| Hurlow Wealth Management Group, Inc. added | 197,803 | $5M | 0.5% | 2026-Q2 |
| DecisionPoint Financial, LLC added | 194,205 | $5M | 0.5% | 2026-Q2 |
| Arcadia Wealth Management, Inc. added | 193,909 | $5M | 0.4% | 2026-Q2 |
| Diversify Advisory Services, LLC added | 189,461 | $5M | 0.5% | 2026-Q2 |
| DIVERSIFY WEALTH MANAGEMENT, LLC trimmed | 189,461 | $5M | 0.5% | 2026-Q2 |
| SUMMIT WEALTH GROUP LLC / CO added | 187,675 | $5M | 0.4% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 184,946 | $5M | 0.4% | 2026-Q2 |
| PROFESSIONAL FINANCIAL SOLUTIONS LLC /ADV added | 184,840 | $5M | 0.4% | 2026-Q2 |
| Rachor Investment Advisory Services, LLC added | 181,735 | $5M | 0.4% | 2026-Q2 |
| Disciplined Investments, LLC added | 178,662 | $5M | 0.4% | 2026-Q2 |
| AE Wealth Management LLC added | 178,564 | $5M | 0.4% | 2026-Q2 |
| BCU Wealth Advisors, LLC added | 177,401 | $5M | 0.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 174,214 | $5M | 0.4% | 2026-Q2 |
| Ruedi Wealth Management, Inc. added | 172,857 | $5M | 0.4% | 2026-Q2 |
| Strathmore Capital Advisors, Inc. added | 172,699 | $5M | 0.4% | 2026-Q2 |
| BANNERMAN WEALTH MANAGEMENT GROUP, LLC added | 164,429 | $4M | 0.4% | 2026-Q2 |
| Burk Holdings LLC added | 163,133 | $4M | 0.4% | 2026-Q2 |
| Evanson Financial, LLC new | 162,029 | $4M | 0.4% | 2026-Q2 |
| MARYLAND CAPITAL ADVISORS INC. trimmed | 158,322 | $4M | 0.4% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 156,587 | $4M | 0.4% | 2026-Q2 |
| Creative Planning trimmed | 154,582 | $4M | 0.4% | 2026-Q2 |
| Rockwood Wealth Management, LLC trimmed | 153,284 | $4M | 0.4% | 2026-Q2 |
| Aprio Wealth Management, LLC trimmed | 141,595 | $4M | 0.3% | 2026-Q2 |
| Squire Investment Management Company, LLC added | 136,916 | $4M | 0.3% | 2026-Q2 |
| Glass Jacobson Investment Advisors llc added | 133,373 | $3M | 0.3% | 2026-Q2 |
| Johnson Wealth Management, LLC added | 129,673 | $3M | 0.3% | 2026-Q2 |
| PFG Advisors added | 127,782 | $3M | 0.3% | 2026-Q2 |
| Tillman Hartley LLC added | 121,684 | $3M | 0.3% | 2026-Q2 |
| BUILDER INVESTMENT GROUP INC /ADV added | 121,280 | $3M | 0.3% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 120,455 | $3M | 0.3% | 2026-Q2 |
| Note Advisors, LLC added | 114,242 | $3M | 0.3% | 2026-Q2 |
| Summit Wealth Group, LLC added | 113,079 | $3M | 0.3% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC new | 110,900 | $3M | 0.3% | 2026-Q2 |
| Pacific Asset Management, LLC added | 109,022 | $3M | 0.3% | 2026-Q2 |
| NORTHERN TRUST CORP added | 108,349 | $3M | 0.3% | 2026-Q2 |
| ANDREWS, LUCIA WEALTH MANAGEMENT LLC added | 107,609 | $3M | 0.2% | 2026-Q2 |
| DWR WEALTH MANAGEMENT, LLC added | 106,535 | $3M | 0.3% | 2026-Q2 |
| Applied Capital LLC added | 103,831 | $3M | 0.2% | 2026-Q2 |
| CarsonAllaria Wealth Management, Ltd. added | 99,348 | $3M | 0.2% | 2026-Q2 |
| Allworth Financial LP trimmed | 98,751 | $3M | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 97,709 | $3M | 0.2% | 2026-Q2 |
| FMB WEALTH MANAGEMENT added | 96,325 | $3M | 0.2% | 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.