Who owns DFAS (DFAS)
Which tracked institutional funds hold DFAS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFAS 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 DFAS is one-sided between 2025-Q4 and 2026-Q1: 246 added or opened and 74 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
DFAS’s largest tracked holder by dollar value, Creative Planning, sizes it at 1.3% of its own reported 13F book, while the median holder sizes it at 1.7% of theirs — a 0.5pp gap the other way — the median holder sizes DFAS more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFAS 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 871 tracked filers holding DFAS, 462 increased or opened the position and 314 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 DFAS 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 22
- CONNABLE OFFICE INC$13M
- First Bancorp, Inc /ME/$13M
- Vestmark Advisory Solutions, Inc.$8M
- Navigate Wealth Management, LLC$5M
- GK Wealth Management LLC$4M
- Gibraltar Capital Management, Inc.$2M
Full exits 21
- COMERICA BANK$27M
- Divergent Planning, LLC$25M
- Timonier Family Office, LTD.$21M
- AXXCESS WEALTH MANAGEMENT, LLC$9M
- SB Capital Management Inc$9M
- BUSH INVESTMENT GROUP, LLC$6M
Largest adds
- Creative Planning$136M
- NORTHERN TRUST CORP$89M
- Elser Financial Planning, Inc$38M
- FIFTH THIRD BANCORP$28M
- EP Wealth Advisors, LLC$27M
- Apella Capital, LLC$22M
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$457M
- Stadion Money Management, LLC$17M
- Arax Advisory Partners$13M
- Orion Porfolio Solutions, LLC$12M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$11M
- NewEdge Advisors, LLC$6M
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 |
|---|---|---|---|---|
| Creative Planning added | 26,230,978 | $1.9B | 22.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 9,193,715 | $654M | 7.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 6,618,892 | $471M | 5.6% | 2026-Q1 |
| Index Fund Advisors, Inc. added | 5,900,990 | $420M | 5.0% | 2026-Q1 |
| Focus Partners Wealth trimmed | 3,447,394 | $250M | 3.0% | 2026-Q1 |
| Pure Financial Advisors, LLC added | 3,197,949 | $227M | 2.7% | 2026-Q1 |
| TCI Wealth Advisors, Inc. added | 2,595,074 | $185M | 2.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,722,783 | $123M | 1.4% | 2026-Q1 |
| Root Financial Partners, LLC added | 1,586,355 | $113M | 1.3% | 2026-Q1 |
| Midwest Trust Co trimmed | 1,376,605 | $98M | 1.2% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 1,358,745 | $97M | 1.1% | 2026-Q1 |
| Plancorp, LLC trimmed | 1,270,271 | $94M | 1.1% | 2026-Q1 |
| Vise Technologies, Inc. | 1,257,727 | $88M | 1.0% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,223,939 | $87M | 1.0% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 1,212,428 | $86M | 1.0% | 2026-Q1 |
| Evanson Asset Management, LLC added | 1,211,136 | $86M | 1.0% | 2026-Q1 |
| Premier Financial Group trimmed | 1,182,493 | $85M | 1.0% | 2026-Q1 |
| Washington Trust Bank trimmed | 1,141,204 | $81M | 1.0% | 2026-Q1 |
| Great Waters Wealth Management added | 1,096,574 | $78M | 0.9% | 2026-Q1 |
| Savant Capital, LLC trimmed | 1,092,969 | $78M | 0.9% | 2026-Q1 |
| First Command Advisory Services, Inc. trimmed | 1,092,163 | $78M | 0.9% | 2026-Q1 |
| Confluence Wealth Services, Inc. added | 1,043,799 | $74M | 0.9% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,027,570 | $73M | 0.9% | 2026-Q1 |
| UBS Group AG added | 1,013,956 | $72M | 0.9% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 996,253 | $71M | 0.8% | 2026-Q1 |
| Moisand Fitzgerald Tamayo, LLC added | 970,443 | $69M | 0.8% | 2026-Q1 |
| Sageworth Trust Co trimmed | 967,803 | $69M | 0.8% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 940,007 | $67M | 0.8% | 2026-Q1 |
| LPL Financial LLC added | 894,689 | $64M | 0.8% | 2026-Q1 |
| Pathstone Holdings, LLC added | 854,566 | $61M | 0.7% | 2026-Q1 |
| BROWN ADVISORY INC added | 790,065 | $56M | 0.7% | 2026-Q1 |
| DAVENPORT & Co LLC added | 754,654 | $54M | 0.6% | 2026-Q1 |
| Wealth Management Nebraska added | 750,357 | $53M | 0.6% | 2026-Q1 |
| Bleakley Financial Group, LLC added | 750,183 | $53M | 0.6% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 681,445 | $52M | 0.6% | 2026-Q1 |
| DiNuzzo Private Wealth, Inc. added | 735,546 | $52M | 0.6% | 2026-Q1 |
| MassMutual Private Wealth & Trust, FSB trimmed | 735,416 | $52M | 0.6% | 2026-Q1 |
| Stordahl Capital Management, Inc. trimmed | 711,896 | $51M | 0.6% | 2026-Q1 |
| EP Wealth Advisors, LLC added | 677,210 | $48M | 0.6% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 672,914 | $48M | 0.6% | 2026-Q1 |
| Mariner, LLC trimmed | 646,339 | $46M | 0.5% | 2026-Q1 |
| Cetera Investment Advisers added | 640,069 | $46M | 0.5% | 2026-Q1 |
| Three Arch Wealth Management LLC trimmed | 630,096 | $45M | 0.5% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 594,714 | $42M | 0.5% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 591,800 | $42M | 0.5% | 2026-Q1 |
| Cerity Partners LLC added | 568,932 | $40M | 0.5% | 2026-Q1 |
| DIXON FNANCIAL SERVICES, INC. trimmed | 557,492 | $40M | 0.5% | 2026-Q1 |
| Elser Financial Planning, Inc added | 555,668 | $39M | 0.5% | 2026-Q1 |
| SAX WEALTH ADVISORS, LLC trimmed | 547,711 | $38M | 0.5% | 2026-Q1 |
| Beaird Harris Wealth Management, LLC trimmed | 529,498 | $38M | 0.4% | 2026-Q1 |
| Modera Wealth Management, LLC trimmed | 507,238 | $36M | 0.4% | 2026-Q1 |
| KWMG, LLC added | 494,697 | $35M | 0.4% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 491,168 | $35M | 0.4% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 482,231 | $34M | 0.4% | 2026-Q1 |
| Hurlow Wealth Management Group, Inc. added | 480,193 | $34M | 0.4% | 2026-Q1 |
| Austin Asset Management Co Inc trimmed | 462,691 | $33M | 0.4% | 2026-Q1 |
| Richard Young Associates, Ltd. added | 460,429 | $33M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 452,530 | $32M | 0.4% | 2026-Q1 |
| Heritage Investment Group, Inc. trimmed | 440,957 | $31M | 0.4% | 2026-Q1 |
| Heritage Wealth Management, Inc./Texas added | 434,306 | $31M | 0.4% | 2026-Q1 |
| PHILLIPS FINANCIAL MANAGEMENT, LLC trimmed | 434,221 | $31M | 0.4% | 2026-Q1 |
| Sequoia Financial Advisors, LLC trimmed | 429,834 | $31M | 0.4% | 2026-Q1 |
| ACORN CREEK CAPITAL LLC added | 427,711 | $30M | 0.4% | 2026-Q1 |
| DecisionPoint Financial, LLC added | 423,555 | $30M | 0.4% | 2026-Q1 |
| FINANCIAL CONSULATE, INC trimmed | 422,592 | $30M | 0.4% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 391,609 | $28M | 0.3% | 2026-Q1 |
| Tanager Wealth Management LLP trimmed | 389,339 | $28M | 0.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 386,291 | $27M | 0.3% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 381,467 | $27M | 0.3% | 2026-Q1 |
| Apella Capital, LLC added | 351,534 | $27M | 0.3% | 2026-Q1 |
| M Holdings Securities, Inc. added | 369,038 | $27M | 0.3% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 362,073 | $26M | 0.3% | 2026-Q1 |
| CHOREO, LLC added | 359,782 | $26M | 0.3% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 359,241 | $26M | 0.3% | 2026-Q1 |
| MARKET STREET WEALTH MANAGEMENT ADVISORS LLC added | 352,761 | $25M | 0.3% | 2026-Q1 |
| Disciplined Equity Management, Inc. trimmed | 349,566 | $25M | 0.3% | 2026-Q1 |
| Your Advocates Ltd., LLP added | 346,808 | $25M | 0.3% | 2026-Q1 |
| Guardian Wealth Management, LLC added | 340,536 | $24M | 0.3% | 2026-Q1 |
| Tillman Hartley LLC added | 336,164 | $24M | 0.3% | 2026-Q1 |
| EverSource Wealth Advisors, LLC added | 148,854 | $24M | 0.3% | 2026-Q1 |
| JACKSON THORNTON WEALTH MANAGEMENT, LLC added | 311,179 | $23M | 0.3% | 2026-Q1 |
| Foster Group, Inc. trimmed | 323,858 | $23M | 0.3% | 2026-Q1 |
| PCA Investment Advisory Services Inc. added | 318,367 | $23M | 0.3% | 2026-Q1 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 317,343 | $23M | 0.3% | 2026-Q1 |
| BUILDER INVESTMENT GROUP INC /ADV trimmed | 315,604 | $22M | 0.3% | 2026-Q1 |
| Tilson Financial Group, Inc. added | 308,886 | $22M | 0.3% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 308,289 | $22M | 0.3% | 2026-Q1 |
| Planning Center, Inc. trimmed | 300,467 | $21M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 299,464 | $21M | 0.3% | 2026-Q1 |
| Advisory Alpha, LLC added | 296,765 | $21M | 0.2% | 2026-Q1 |
| Forum Private Client Group LLC added | 295,456 | $21M | 0.2% | 2026-Q1 |
| PINNEY & SCOFIELD, INC. added | 292,372 | $21M | 0.2% | 2026-Q1 |
| MISSION WEALTH MANAGEMENT, LP trimmed | 292,340 | $21M | 0.2% | 2026-Q1 |
| Pillar Financial Advisors, LLC added | 289,825 | $21M | 0.2% | 2026-Q1 |
| Alaska Permanent Fund Corp | 2,518,859 | $146M | 1.7% | 2025-Q1 stale |
| FINANCIAL COUNSELORS INC added | 1,822,806 | $109M | 1.3% | 2025-Q1 stale |
| Adero Partners, LLC added | 788,381 | $47M | 0.6% | 2025-Q1 stale |
| COMERICA BANK trimmed | 393,518 | $27M | 0.3% | 2025-Q4 stale |
| Divergent Planning, LLC added | 361,021 | $25M | 0.3% | 2025-Q4 stale |
| Timonier Family Office, LTD. added | 296,472 | $21M | 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.