Who owns DFAR (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-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 DFAR is one-sided between 2025-Q4 and 2026-Q1: 86 added or opened and 21 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 1.0% of theirs — a 0.9pp 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 2025-Q4 and 2026-Q1, across 289 tracked filers holding DFAR, 177 increased or opened the position and 93 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 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 7
- Concurrent Investment Advisors, LLC$11M
- GK Wealth Management LLC$2M
- MONETA GROUP INVESTMENT ADVISORS LLC$2M
- TFO Wealth Partners, LLC$1M
- Arkadios Wealth Advisors$863K
- Virtu Financial LLC$744K
Full exits 11
- Timonier Family Office, LTD.$9M
- Orion Porfolio Solutions, LLC$5M
- Bridgewater Advisors Inc.$4M
- MARYLAND CAPITAL ADVISORS INC.$4M
- Brown Financial Advisory$3M
- SageView Advisory Group, LLC$2M
Largest adds
- TWO SIGMA INVESTMENTS, LP$15M
- Focus Partners Advisor Solutions, LLC$8M
- Root Financial Partners, LLC$6M
- Apella Capital, LLC$6M
- North Berkeley Wealth Management, LLC$6M
- Elwood & Goetz Wealth Advisory Group, LLC$5M
Largest trims
- Savant Capital, LLC$5M
- PRUDENTIAL FINANCIAL INC$4M
- Beaird Harris Wealth Management, LLC$2M
- Pathstone Holdings, LLC$2M
- NewEdge Advisors, LLC$931K
- Austin Wealth Management, LLC$805K
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 |
|---|---|---|---|---|
| Focus Partners Wealth trimmed | 3,575,590 | $89M | 7.4% | 2026-Q1 |
| HighTower Advisors, LLC added | 2,694,868 | $64M | 5.3% | 2026-Q1 |
| Elwood & Goetz Wealth Advisory Group, LLC added | 2,529,398 | $60M | 5.0% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC trimmed | 2,200,725 | $52M | 4.3% | 2026-Q1 |
| Root Financial Partners, LLC added | 2,117,477 | $50M | 4.2% | 2026-Q1 |
| Vise Technologies, Inc. | 1,696,565 | $39M | 3.2% | 2026-Q1 |
| Moisand Fitzgerald Tamayo, LLC added | 1,444,596 | $34M | 2.8% | 2026-Q1 |
| RAM Investment Partners, LLC added | 1,427,781 | $34M | 2.8% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 1,326,000 | $31M | 2.6% | 2026-Q1 |
| GREAT OAK CAPITAL PARTNERS, LLC added | 1,055,675 | $26M | 2.2% | 2026-Q1 |
| Rather & Kittrell, Inc. trimmed | 1,004,907 | $24M | 2.0% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 928,339 | $22M | 1.8% | 2026-Q1 |
| Savant Capital, LLC trimmed | 712,926 | $17M | 1.4% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 706,829 | $17M | 1.4% | 2026-Q1 |
| Wealth Dimensions Group, Ltd. added | 703,935 | $17M | 1.4% | 2026-Q1 |
| Burton Enright Welch added | 698,117 | $17M | 1.4% | 2026-Q1 |
| PHILLIPS FINANCIAL MANAGEMENT, LLC trimmed | 694,952 | $16M | 1.4% | 2026-Q1 |
| United Wealth Management, LLC added | 594,705 | $14M | 1.2% | 2026-Q1 |
| Fidato Wealth LLC added | 532,481 | $13M | 1.0% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC added | 514,719 | $12M | 1.0% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 509,846 | $12M | 1.0% | 2026-Q1 |
| Core Wealth Management, Inc. added | 485,351 | $11M | 1.0% | 2026-Q1 |
| JACKSON THORNTON WEALTH MANAGEMENT, LLC added | 455,801 | $11M | 0.9% | 2026-Q1 |
| LRI Investments, LLC added | 462,365 | $11M | 0.9% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 458,322 | $11M | 0.9% | 2026-Q1 |
| Concurrent Investment Advisors, LLC new | 446,859 | $11M | 0.9% | 2026-Q1 |
| PINNEY & SCOFIELD, INC. added | 431,323 | $10M | 0.9% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 428,799 | $10M | 0.8% | 2026-Q1 |
| SATOVSKY ASSET MANAGEMENT LLC added | 428,038 | $10M | 0.8% | 2026-Q1 |
| Apella Capital, LLC added | 388,192 | $10M | 0.8% | 2026-Q1 |
| North Berkeley Wealth Management, LLC added | 421,217 | $10M | 0.8% | 2026-Q1 |
| Beaird Harris Wealth Management, LLC trimmed | 417,511 | $10M | 0.8% | 2026-Q1 |
| Onyx Financial Advisors, LLC added | 413,239 | $10M | 0.8% | 2026-Q1 |
| Forum Financial Management, LP added | 401,108 | $9M | 0.8% | 2026-Q1 |
| Aspen Wealth Management LLC added | 389,654 | $9M | 0.8% | 2026-Q1 |
| LPL Financial LLC trimmed | 382,140 | $9M | 0.8% | 2026-Q1 |
| Betterment LLC added | 381,693 | $9M | 0.8% | 2026-Q1 |
| Pillar Financial Advisors, LLC added | 353,086 | $8M | 0.7% | 2026-Q1 |
| Crestmont Private Wealth LLC added | 339,149 | $8M | 0.7% | 2026-Q1 |
| Straight Path Wealth Management added | 322,096 | $8M | 0.6% | 2026-Q1 |
| Dynamic Advisor Solutions LLC added | 314,590 | $7M | 0.6% | 2026-Q1 |
| Financial Harvest, LLC added | 294,265 | $7M | 0.6% | 2026-Q1 |
| Private Advisor Group, LLC added | 293,827 | $7M | 0.6% | 2026-Q1 |
| CURIO WEALTH, LLC added | 284,799 | $7M | 0.6% | 2026-Q1 |
| Vannoy Advisory Group, Inc. added | 282,335 | $7M | 0.6% | 2026-Q1 |
| AWM CAPITAL, LLC added | 265,232 | $6M | 0.5% | 2026-Q1 |
| Pinnacle Financial Group, LLC / IL trimmed | 258,048 | $6M | 0.5% | 2026-Q1 |
| Stokes Family Office, LLC trimmed | 246,494 | $6M | 0.5% | 2026-Q1 |
| Oceanside Advisors LLC added | 235,198 | $6M | 0.5% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 218,658 | $6M | 0.5% | 2026-Q1 |
| Gradient Capital Advisors, LLC added | 214,197 | $5M | 0.4% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC added | 198,989 | $5M | 0.4% | 2026-Q1 |
| Seneschal Advisors, LLC added | 213,255 | $5M | 0.4% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 211,970 | $5M | 0.4% | 2026-Q1 |
| Integrity Wealth Solutions LLC added | 209,225 | $5M | 0.4% | 2026-Q1 |
| M Holdings Securities, Inc. added | 189,394 | $5M | 0.4% | 2026-Q1 |
| GRAND WEALTH MANAGEMENT, LLC added | 204,225 | $5M | 0.4% | 2026-Q1 |
| LEGACY FINANCIAL GROUP, INC. added | 202,822 | $5M | 0.4% | 2026-Q1 |
| DecisionPoint Financial, LLC added | 194,122 | $5M | 0.4% | 2026-Q1 |
| Citrine Capital LLC added | 186,754 | $4M | 0.4% | 2026-Q1 |
| Arcadia Wealth Management, Inc. added | 184,485 | $4M | 0.4% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 183,195 | $4M | 0.4% | 2026-Q1 |
| SUMMIT WEALTH GROUP LLC / CO trimmed | 183,188 | $4M | 0.4% | 2026-Q1 |
| Strategic Wealth Advisors LLC added | 181,322 | $4M | 0.4% | 2026-Q1 |
| Rachor Investment Advisory Services, LLC trimmed | 176,474 | $4M | 0.3% | 2026-Q1 |
| AE Wealth Management LLC added | 172,184 | $4M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 170,085 | $4M | 0.3% | 2026-Q1 |
| BCU Wealth Advisors, LLC trimmed | 170,039 | $4M | 0.3% | 2026-Q1 |
| Ruedi Wealth Management, Inc. added | 169,097 | $4M | 0.3% | 2026-Q1 |
| Disciplined Investments, LLC added | 167,639 | $4M | 0.3% | 2026-Q1 |
| Warburton Capital Management, LLC added | 159,795 | $4M | 0.3% | 2026-Q1 |
| PROFESSIONAL FINANCIAL SOLUTIONS LLC /ADV added | 165,929 | $4M | 0.3% | 2026-Q1 |
| Hurlow Wealth Management Group, Inc. added | 163,937 | $4M | 0.3% | 2026-Q1 |
| Strathmore Capital Advisors, Inc. added | 152,420 | $4M | 0.3% | 2026-Q1 |
| Rockwood Wealth Management, LLC trimmed | 162,987 | $4M | 0.3% | 2026-Q1 |
| Burk Holdings LLC added | 162,485 | $4M | 0.3% | 2026-Q1 |
| Evanson Asset Management, LLC added | 160,500 | $4M | 0.3% | 2026-Q1 |
| Creative Planning added | 159,615 | $4M | 0.3% | 2026-Q1 |
| BANNERMAN WEALTH MANAGEMENT GROUP, LLC added | 157,826 | $4M | 0.3% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 149,329 | $4M | 0.3% | 2026-Q1 |
| Aprio Wealth Management, LLC trimmed | 144,796 | $3M | 0.3% | 2026-Q1 |
| Squire Investment Management Company, LLC added | 136,191 | $3M | 0.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 128,491 | $3M | 0.3% | 2026-Q1 |
| PFG Advisors added | 127,143 | $3M | 0.3% | 2026-Q1 |
| Johnson Wealth Management, LLC added | 126,343 | $3M | 0.2% | 2026-Q1 |
| Glass Jacobson Investment Advisors llc added | 125,831 | $3M | 0.2% | 2026-Q1 |
| Tillman Hartley LLC added | 121,135 | $3M | 0.2% | 2026-Q1 |
| BUILDER INVESTMENT GROUP INC /ADV trimmed | 118,964 | $3M | 0.2% | 2026-Q1 |
| Adero Partners, LLC added | 3,131,148 | $74M | 6.2% | 2025-Q1 stale |
| Hemington Wealth Management added | 465,050 | $11M | 0.9% | 2025-Q3 stale |
| Willow Creek Wealth Management Inc. added | 391,044 | $9M | 0.8% | 2025-Q3 stale |
| Timonier Family Office, LTD. added | 406,986 | $9M | 0.8% | 2025-Q4 stale |
| ASSET PLANNING CORPORATION added | 223,428 | $5M | 0.4% | 2025-Q3 stale |
| PBMares Wealth Management LLC added | 215,273 | $5M | 0.4% | 2025-Q3 stale |
| Elios Financial Group Inc. trimmed | 192,487 | $5M | 0.4% | 2025-Q2 stale |
| Orion Porfolio Solutions, LLC added | 196,935 | $5M | 0.4% | 2025-Q4 stale |
| Bridgewater Advisors Inc. trimmed | 177,918 | $4M | 0.3% | 2025-Q4 stale |
| PFG Private Wealth Management, LLC new | 174,724 | $4M | 0.3% | 2025-Q3 stale |
| MARYLAND CAPITAL ADVISORS INC. added | 163,162 | $4M | 0.3% | 2025-Q4 stale |
| Brown Financial Advisory trimmed | 119,825 | $3M | 0.2% | 2025-Q4 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.