Who owns DFAU (DFAU)
Which tracked institutional funds hold DFAU, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFAU 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
108 tracked funds added or opened DFAU while 118 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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
DFAU’s largest tracked holder by dollar value, Sequoia Financial Advisors, LLC, sizes it at 1.9% of its own reported 13F book, while the median holder sizes it at 4.3% of theirs — a 2.5pp gap the other way — the median holder sizes DFAU more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFAU 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 568 tracked filers holding DFAU, 319 increased or opened the position and 217 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 DFAU 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 21
- Elser Financial Planning, Inc$89M
- Lido Advisors, LLC$16M
- 3 FACTOR INDEXING, LLC$8M
- Sanchez Levi Garrett$5M
- CSP Financial Group, LLC$5M
- Tandem Financial, LLC$4M
Full exits 16
- Timonier Family Office, LTD.$36M
- MARYLAND CAPITAL ADVISORS INC.$18M
- Platform Wealth Management, LLC$11M
- SEVEN MILE ADVISORY$9M
- AlTi Global, Inc.$8M
- Aznar Financial Advisors, LLC$6M
Largest adds
- Apella Capital, LLC$101M
- Annex Advisory Services, LLC$33M
- Savant Capital, LLC$22M
- MASECO LLP$15M
- Integrated Wealth Concepts LLC$11M
- MERCER GLOBAL ADVISORS INC /ADV$10M
Largest trims
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$94M
- Stadion Money Management, LLC$32M
- Austin Wealth Management, LLC$26M
- Spinnaker Investment Group, LLC$10M
- Modera Wealth Management, LLC$9M
- Sageworth Trust Co$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 |
|---|---|---|---|---|
| Sequoia Financial Advisors, LLC added | 7,379,642 | $333M | 5.3% | 2026-Q1 |
| RVW Wealth, LLC added | 4,630,535 | $209M | 3.3% | 2026-Q1 |
| Sageworth Trust Co trimmed | 4,479,578 | $202M | 3.2% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 4,423,579 | $200M | 3.2% | 2026-Q1 |
| Allworth Financial LP added | 3,971,781 | $179M | 2.9% | 2026-Q1 |
| Annex Advisory Services, LLC added | 3,707,366 | $167M | 2.7% | 2026-Q1 |
| Focus Partners Wealth added | 3,513,024 | $159M | 2.5% | 2026-Q1 |
| Aquire Wealth Advisors, LLC added | 3,418,428 | $154M | 2.5% | 2026-Q1 |
| Modera Wealth Management, LLC trimmed | 3,221,110 | $145M | 2.3% | 2026-Q1 |
| MARS JEWETT FINANCIAL GROUP, INC. added | 3,117,907 | $141M | 2.2% | 2026-Q1 |
| Kooman & Associates added | 2,870,941 | $130M | 2.1% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 2,801,353 | $126M | 2.0% | 2026-Q1 |
| Blankinship & Foster, LLC trimmed | 2,622,490 | $118M | 1.9% | 2026-Q1 |
| EVOKE WEALTH, LLC added | 2,537,064 | $114M | 1.8% | 2026-Q1 |
| Apella Capital, LLC added | 2,153,540 | $106M | 1.7% | 2026-Q1 |
| AE Wealth Management LLC added | 2,335,738 | $105M | 1.7% | 2026-Q1 |
| Spinnaker Investment Group, LLC trimmed | 2,299,502 | $104M | 1.7% | 2026-Q1 |
| Arista Wealth Management, LLC trimmed | 2,068,805 | $93M | 1.5% | 2026-Q1 |
| Elser Financial Planning, Inc trimmed | 1,981,512 | $89M | 1.4% | 2026-Q1 |
| Krilogy Financial LLC added | 1,789,151 | $87M | 1.4% | 2026-Q1 |
| Savant Capital, LLC added | 1,908,237 | $86M | 1.4% | 2026-Q1 |
| WPWealth LLP added | 1,862,102 | $84M | 1.3% | 2026-Q1 |
| MASECO LLP added | 1,838,563 | $83M | 1.3% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 1,825,892 | $82M | 1.3% | 2026-Q1 |
| 55 North Private Wealth, LLC added | 1,680,166 | $76M | 1.2% | 2026-Q1 |
| Pioneer Wealth Management Group added | 1,630,612 | $74M | 1.2% | 2026-Q1 |
| BCM ADVISORS, LLC trimmed | 1,196,470 | $59M | 0.9% | 2026-Q1 |
| HB Wealth Management, LLC trimmed | 1,278,772 | $58M | 0.9% | 2026-Q1 |
| Amicus Financial Advisors, LLC trimmed | 1,270,608 | $57M | 0.9% | 2026-Q1 |
| HILL ISLAND FINANCIAL LLC added | 1,260,926 | $57M | 0.9% | 2026-Q1 |
| Cetera Investment Advisers added | 1,255,040 | $57M | 0.9% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 1,207,861 | $54M | 0.9% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC trimmed | 1,105,138 | $54M | 0.9% | 2026-Q1 |
| Sterling Wealth Advisors Inc trimmed | 1,093,723 | $54M | 0.9% | 2026-Q1 |
| Mariner, LLC added | 1,181,696 | $53M | 0.9% | 2026-Q1 |
| Essential Planning, LLC. trimmed | 1,132,361 | $51M | 0.8% | 2026-Q1 |
| Austin Wealth Management, LLC trimmed | 1,110,841 | $51M | 0.8% | 2026-Q1 |
| Meridian Wealth Partners, LLC added | 1,115,216 | $50M | 0.8% | 2026-Q1 |
| AdvisorNet Financial, Inc added | 1,059,654 | $48M | 0.8% | 2026-Q1 |
| LPL Financial LLC trimmed | 1,052,401 | $47M | 0.8% | 2026-Q1 |
| CURIO WEALTH, LLC added | 1,051,049 | $47M | 0.8% | 2026-Q1 |
| BRIGHTON JONES LLC added | 995,411 | $45M | 0.7% | 2026-Q1 |
| Financial Connections Group, Inc. trimmed | 962,980 | $43M | 0.7% | 2026-Q1 |
| Valued Wealth Advisors LLC added | 961,297 | $43M | 0.7% | 2026-Q1 |
| Alpha Financial Advisors, LLC added | 952,081 | $43M | 0.7% | 2026-Q1 |
| TCP Asset Management, LLC added | 949,861 | $43M | 0.7% | 2026-Q1 |
| Note Advisors, LLC added | 937,081 | $42M | 0.7% | 2026-Q1 |
| Keating Financial Advisory Services, Inc. added | 928,859 | $42M | 0.7% | 2026-Q1 |
| Corient Private Wealth LLC added | 910,877 | $41M | 0.7% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 904,653 | $41M | 0.7% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 897,061 | $40M | 0.6% | 2026-Q1 |
| VeraBank, N.A. added | 880,610 | $40M | 0.6% | 2026-Q1 |
| AlphaStar Capital Management, LLC added | 877,733 | $40M | 0.6% | 2026-Q1 |
| SC&H Financial Advisors, Inc. added | 873,258 | $39M | 0.6% | 2026-Q1 |
| Two West Capital Advisors LLC added | 791,906 | $39M | 0.6% | 2026-Q1 |
| Advisory Alpha, LLC trimmed | 849,291 | $38M | 0.6% | 2026-Q1 |
| Fonville Wealth Management LLC trimmed | 847,418 | $38M | 0.6% | 2026-Q1 |
| CVA Family Office, LLC added | 831,776 | $38M | 0.6% | 2026-Q1 |
| Plancorp, LLC added | 793,409 | $37M | 0.6% | 2026-Q1 |
| Wealthspire Advisors, LLC trimmed | 814,303 | $37M | 0.6% | 2026-Q1 |
| Highland Financial Advisors, LLC added | 810,253 | $37M | 0.6% | 2026-Q1 |
| LIBERTY WEALTH MANAGEMENT LLC trimmed | 719,165 | $32M | 0.5% | 2026-Q1 |
| Physician Wealth Solutions Inc. added | 713,763 | $32M | 0.5% | 2026-Q1 |
| ACT Advisors, LLC. added | 713,055 | $32M | 0.5% | 2026-Q1 |
| Yardley Wealth Management LLC added | 712,444 | $32M | 0.5% | 2026-Q1 |
| Creative Planning added | 709,074 | $32M | 0.5% | 2026-Q1 |
| Zhang Financial LLC added | 708,833 | $32M | 0.5% | 2026-Q1 |
| Bay Harbor Wealth Management, LLC added | 708,070 | $32M | 0.5% | 2026-Q1 |
| MAI Capital Management added | 696,759 | $31M | 0.5% | 2026-Q1 |
| Pathstone Holdings, LLC added | 680,196 | $31M | 0.5% | 2026-Q1 |
| Private Wealth Management Group, LLC added | 672,497 | $30M | 0.5% | 2026-Q1 |
| Spectrum Investment Advisors, Inc. added | 646,425 | $29M | 0.5% | 2026-Q1 |
| Baird Financial Group, Inc. added | 643,823 | $29M | 0.5% | 2026-Q1 |
| UBS Group AG trimmed | 633,069 | $29M | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 630,630 | $28M | 0.5% | 2026-Q1 |
| Allegiance Financial Group Advisory Services LLC added | 619,449 | $28M | 0.4% | 2026-Q1 |
| M Wealth Management, LLC added | 617,665 | $28M | 0.4% | 2026-Q1 |
| Keystone Financial Group, Inc. trimmed | 606,337 | $27M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 599,572 | $27M | 0.4% | 2026-Q1 |
| Kure Advisory, LLC added | 588,013 | $27M | 0.4% | 2026-Q1 |
| AWM CAPITAL, LLC trimmed | 586,424 | $26M | 0.4% | 2026-Q1 |
| Heritage Investment Group, Inc. added | 573,794 | $26M | 0.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 568,101 | $26M | 0.4% | 2026-Q1 |
| Shira Ridge Wealth Management added | 564,321 | $25M | 0.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 562,616 | $25M | 0.4% | 2026-Q1 |
| Betterment LLC trimmed | 558,284 | $25M | 0.4% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 555,624 | $25M | 0.4% | 2026-Q1 |
| Morling Financial Advisors, LLC added | 538,875 | $24M | 0.4% | 2026-Q1 |
| Envision Financial Planning, LLC added | 523,955 | $24M | 0.4% | 2026-Q1 |
| SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC trimmed | 523,235 | $24M | 0.4% | 2026-Q1 |
| Quantum Financial Advisors, LLC trimmed | 488,298 | $22M | 0.4% | 2026-Q1 |
| ENTREWEALTH, LLC added | 487,136 | $22M | 0.4% | 2026-Q1 |
| JFS WEALTH ADVISORS, LLC added | 486,035 | $22M | 0.3% | 2026-Q1 |
| MISSION WEALTH MANAGEMENT, LP added | 470,003 | $21M | 0.3% | 2026-Q1 |
| Hemington Wealth Management added | 2,189,329 | $100M | 1.6% | 2025-Q3 stale |
| Kovitz Investment Group Partners, LLC added | 1,011,270 | $46M | 0.7% | 2025-Q3 stale |
| PBMares Wealth Management LLC added | 1,000,245 | $46M | 0.7% | 2025-Q3 stale |
| Rappaport Reiches Capital Management, LLC added | 1,069,342 | $41M | 0.7% | 2025-Q1 stale |
| Aveo Capital Partners, LLC added | 1,013,064 | $39M | 0.6% | 2025-Q1 stale |
| Timonier Family Office, LTD. added | 777,232 | $36M | 0.6% | 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.