Who owns DFAT (DFAT)
Which tracked institutional funds hold DFAT, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFAT 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 DFAT is one-sided between 2025-Q4 and 2026-Q1: 237 added or opened and 55 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
DFAT’s largest tracked holder by dollar value, Creative Planning, sizes it at 0.6% of its own reported 13F book, while the median holder sizes it at 3.1% of theirs — a 2.6pp gap the other way — the median holder sizes DFAT more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFAT 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 810 tracked filers holding DFAT, 364 increased or opened the position and 311 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 DFAT 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 16
- RW Investment Management LLC$48M
- Elser Financial Planning, Inc$23M
- Navigation Group, LLC$12M
- TRB Wealth Management, LLC$6M
- Total Clarity Wealth Management, Inc.$5M
- Summit Portfolio Management, LTD.$3M
Full exits 22
- McMill Wealth Management$17M
- AXXCESS WEALTH MANAGEMENT, LLC$16M
- TWO SIGMA INVESTMENTS, LP$15M
- Veratis Advisors, Inc.$9M
- SB Capital Management Inc$8M
- Timonier Family Office, LTD.$8M
Largest adds
- Apella Capital, LLC$43M
- Focus Partners Advisor Solutions, LLC$42M
- Forum Financial Management, LP$39M
- Focus Partners Wealth$31M
- Creative Planning$28M
- Pure Financial Advisors, LLC$27M
Largest trims
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$56M
- Henrickson Nauta Wealth Advisors, Inc.$21M
- NewEdge Advisors, LLC$5M
- Orion Porfolio Solutions, LLC$4M
- Pathstone Holdings, LLC$3M
- EverSource Wealth Advisors, LLC$3M
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 trimmed | 13,521,487 | $844M | 9.8% | 2026-Q1 |
| Focus Partners Wealth trimmed | 13,144,184 | $822M | 9.6% | 2026-Q1 |
| Forum Financial Management, LP added | 10,349,578 | $646M | 7.5% | 2026-Q1 |
| Index Fund Advisors, Inc. trimmed | 6,383,799 | $399M | 4.6% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 5,716,140 | $357M | 4.2% | 2026-Q1 |
| Pure Financial Advisors, LLC added | 5,517,252 | $345M | 4.0% | 2026-Q1 |
| Savant Capital, LLC trimmed | 4,783,669 | $299M | 3.5% | 2026-Q1 |
| EP Wealth Advisors, LLC added | 4,301,015 | $269M | 3.1% | 2026-Q1 |
| JACKSON THORNTON WEALTH MANAGEMENT, LLC added | 2,840,246 | $184M | 2.1% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 2,644,999 | $165M | 1.9% | 2026-Q1 |
| Asset Dedication, LLC trimmed | 2,540,234 | $159M | 1.8% | 2026-Q1 |
| Apella Capital, LLC added | 2,132,827 | $141M | 1.6% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 2,048,713 | $128M | 1.5% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 1,800,523 | $112M | 1.3% | 2026-Q1 |
| Trust Co of the South trimmed | 1,790,490 | $112M | 1.3% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 1,552,638 | $97M | 1.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,531,232 | $96M | 1.1% | 2026-Q1 |
| EARNED WEALTH ADVISORS, LLC added | 1,495,511 | $93M | 1.1% | 2026-Q1 |
| GREAT OAK CAPITAL PARTNERS, LLC added | 1,432,301 | $93M | 1.1% | 2026-Q1 |
| Truepoint, Inc. trimmed | 1,481,170 | $92M | 1.1% | 2026-Q1 |
| Smartleaf Asset Management LLC added | 1,491,922 | $91M | 1.1% | 2026-Q1 |
| Plancorp, LLC trimmed | 1,394,118 | $90M | 1.0% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 1,373,292 | $86M | 1.0% | 2026-Q1 |
| Abacus Wealth Partners, LLC trimmed | 1,357,119 | $85M | 1.0% | 2026-Q1 |
| LPL Financial LLC trimmed | 1,210,319 | $76M | 0.9% | 2026-Q1 |
| Premier Financial Group trimmed | 1,186,639 | $75M | 0.9% | 2026-Q1 |
| Cerity Partners LLC added | 1,125,679 | $70M | 0.8% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 1,078,809 | $68M | 0.8% | 2026-Q1 |
| Evanson Asset Management, LLC trimmed | 1,080,817 | $67M | 0.8% | 2026-Q1 |
| Sensible Money, LLC added | 1,068,341 | $67M | 0.8% | 2026-Q1 |
| Allworth Financial LP added | 1,047,209 | $65M | 0.8% | 2026-Q1 |
| Team Hewins, LLC trimmed | 920,291 | $57M | 0.7% | 2026-Q1 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 914,073 | $57M | 0.7% | 2026-Q1 |
| Parkwoods Wealth Partners, LLC added | 912,352 | $57M | 0.7% | 2026-Q1 |
| Mariner, LLC added | 854,684 | $53M | 0.6% | 2026-Q1 |
| Great Waters Wealth Management added | 853,409 | $53M | 0.6% | 2026-Q1 |
| BAYSHORE ASSET MANAGEMENT, LLC trimmed | 835,709 | $52M | 0.6% | 2026-Q1 |
| Joel Isaacson & Co., LLC added | 813,483 | $51M | 0.6% | 2026-Q1 |
| RW Investment Management LLC trimmed | 762,703 | $48M | 0.6% | 2026-Q1 |
| PHILLIPS FINANCIAL MANAGEMENT, LLC trimmed | 757,816 | $47M | 0.6% | 2026-Q1 |
| Three Arch Wealth Management LLC trimmed | 738,026 | $46M | 0.5% | 2026-Q1 |
| Modera Wealth Management, LLC trimmed | 733,725 | $46M | 0.5% | 2026-Q1 |
| MONOGRAPH WEALTH ADVISORS, LLC added | 731,710 | $46M | 0.5% | 2026-Q1 |
| SAX WEALTH ADVISORS, LLC | 757,412 | $45M | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 687,802 | $43M | 0.5% | 2026-Q1 |
| KEB ASSET MANAGEMENT, LLC trimmed | 687,667 | $43M | 0.5% | 2026-Q1 |
| Cetera Investment Advisers added | 650,733 | $41M | 0.5% | 2026-Q1 |
| Tumwater Wealth Management, LLC trimmed | 628,735 | $39M | 0.5% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 633,944 | $39M | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 625,136 | $38M | 0.4% | 2026-Q1 |
| Richard Young Associates, Ltd. added | 558,976 | $35M | 0.4% | 2026-Q1 |
| Aspen Wealth Management LLC added | 536,210 | $33M | 0.4% | 2026-Q1 |
| EnRich Financial Partners LLC trimmed | 521,617 | $33M | 0.4% | 2026-Q1 |
| Financial Harvest, LLC added | 507,634 | $32M | 0.4% | 2026-Q1 |
| MOSAIC FAMILY WEALTH PARTNERS, LLC added | 488,594 | $31M | 0.4% | 2026-Q1 |
| Beaird Harris Wealth Management, LLC trimmed | 484,876 | $30M | 0.4% | 2026-Q1 |
| Forvis Mazars Wealth Advisors, LLC trimmed | 483,448 | $30M | 0.4% | 2026-Q1 |
| First Command Advisory Services, Inc. trimmed | 479,391 | $30M | 0.3% | 2026-Q1 |
| TCI Wealth Advisors, Inc. trimmed | 470,810 | $29M | 0.3% | 2026-Q1 |
| Planning Center, Inc. added | 467,598 | $29M | 0.3% | 2026-Q1 |
| ASSETMARK, INC added | 467,017 | $29M | 0.3% | 2026-Q1 |
| Confluence Wealth Services, Inc. added | 457,022 | $29M | 0.3% | 2026-Q1 |
| UBS Group AG added | 452,454 | $28M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 451,757 | $28M | 0.3% | 2026-Q1 |
| Summit Financial Strategies, Inc. added | 446,289 | $28M | 0.3% | 2026-Q1 |
| NorthAvenue LLC trimmed | 440,921 | $28M | 0.3% | 2026-Q1 |
| AE Wealth Management LLC added | 440,572 | $28M | 0.3% | 2026-Q1 |
| Conrad Siegel Investment Advisors, Inc. added | 440,537 | $28M | 0.3% | 2026-Q1 |
| Babb Wealth Advisors LLC added | 438,199 | $27M | 0.3% | 2026-Q1 |
| Squire Investment Management Company, LLC trimmed | 433,098 | $27M | 0.3% | 2026-Q1 |
| Watchman Group, Inc. trimmed | 430,509 | $27M | 0.3% | 2026-Q1 |
| Allen Capital Group, LLC added | 418,599 | $26M | 0.3% | 2026-Q1 |
| Disciplined Equity Management, Inc. trimmed | 414,170 | $26M | 0.3% | 2026-Q1 |
| TFC Financial Management, Inc. trimmed | 408,979 | $26M | 0.3% | 2026-Q1 |
| Meritas Wealth Management, LLC trimmed | 405,032 | $25M | 0.3% | 2026-Q1 |
| TFO Wealth Partners, LLC added | 396,894 | $25M | 0.3% | 2026-Q1 |
| Foster Group, Inc. trimmed | 394,234 | $25M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 390,998 | $24M | 0.3% | 2026-Q1 |
| Cambridge Financial Group, LLC added | 390,016 | $24M | 0.3% | 2026-Q1 |
| Lauterbach Financial Advisors, LLC trimmed | 389,508 | $24M | 0.3% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC trimmed | 375,683 | $23M | 0.3% | 2026-Q1 |
| Henrickson Nauta Wealth Advisors, Inc. trimmed | 373,958 | $23M | 0.3% | 2026-Q1 |
| Elser Financial Planning, Inc trimmed | 369,253 | $23M | 0.3% | 2026-Q1 |
| Betterment LLC added | 366,700 | $23M | 0.3% | 2026-Q1 |
| MASTER'S WEALTH MANAGEMENT INC. added | 364,328 | $23M | 0.3% | 2026-Q1 |
| Sterling Wealth Management, Inc. added | 364,224 | $23M | 0.3% | 2026-Q1 |
| Guardian Wealth Management, LLC trimmed | 357,069 | $22M | 0.3% | 2026-Q1 |
| Triune Financial Partners, LLC added | 355,699 | $22M | 0.3% | 2026-Q1 |
| ECLECTIC ASSOCIATES INC /ADV added | 349,645 | $22M | 0.3% | 2026-Q1 |
| Visionary Wealth Advisors added | 346,639 | $22M | 0.3% | 2026-Q1 |
| CHOREO, LLC trimmed | 345,563 | $22M | 0.3% | 2026-Q1 |
| Tillman Hartley LLC trimmed | 340,562 | $21M | 0.2% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 336,665 | $21M | 0.2% | 2026-Q1 |
| KELLY FINANCIAL GROUP LLC added | 327,391 | $20M | 0.2% | 2026-Q1 |
| Financial Engines Advisors L.L.C. trimmed | 325,680 | $20M | 0.2% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 340,948 | $20M | 0.2% | 2026-Q1 |
| Willow Creek Wealth Management Inc. added | 2,153,099 | $125M | 1.5% | 2025-Q3 stale |
| PBMares Wealth Management LLC trimmed | 451,899 | $26M | 0.3% | 2025-Q3 stale |
| Efficient Frontier Advisors LLC trimmed | 466,243 | $25M | 0.3% | 2025-Q2 stale |
| KRAFT ASSET MANAGEMENT, LLC trimmed | 389,227 | $21M | 0.2% | 2025-Q2 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.