Who owns DFAX (DFAX)
Which tracked institutional funds hold DFAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFAX 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 DFAX is one-sided between 2025-Q4 and 2026-Q1: 188 added or opened and 60 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
DFAX’s largest tracked holder by dollar value, Focus Partners Wealth, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 4.0% of theirs — a 3.6pp gap the other way — the median holder sizes DFAX more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFAX 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 691 tracked filers holding DFAX, 337 increased or opened the position and 285 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 DFAX 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 28
- GOLDMAN SACHS GROUP INC$21M
- JANE STREET GROUP, LLC$15M
- REGIMEN WEALTH, LLC$12M
- TRB Wealth Management, LLC$11M
- PARK AVENUE SECURITIES LLC$8M
- 626 Financial, LLC$5M
Full exits 18
- COMERICA BANK$110M
- Grunden Financial Advisory, Inc.$17M
- TrueWealth Financial Partners$8M
- AXXCESS WEALTH MANAGEMENT, LLC$8M
- OLD MISSION CAPITAL LLC$6M
- Platform Wealth Management, LLC$5M
Largest adds
- FIFTH THIRD BANCORP$119M
- JPMORGAN CHASE & CO$35M
- Allworth Financial LP$30M
- LPL Financial LLC$28M
- Apella Capital, LLC$23M
- BANK OF AMERICA CORP /DE/$19M
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$56M
- BlueSky Wealth Advisors, LLC$27M
- IFG Advisory, LLC$20M
- Henrickson Nauta Wealth Advisors, Inc.$8M
- CITADEL ADVISORS LLC$7M
- Asset Dedication, 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 |
|---|---|---|---|---|
| Focus Partners Wealth trimmed | 10,402,150 | $353M | 4.8% | 2026-Q1 |
| LPL Financial LLC added | 8,590,950 | $292M | 3.9% | 2026-Q1 |
| ALERUS FINANCIAL NA trimmed | 8,416,314 | $286M | 3.8% | 2026-Q1 |
| Geometric Wealth Advisors added | 7,454,243 | $253M | 3.4% | 2026-Q1 |
| Allworth Financial LP added | 7,258,730 | $247M | 3.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 6,604,704 | $224M | 3.0% | 2026-Q1 |
| MONOGRAPH WEALTH ADVISORS, LLC added | 6,166,855 | $209M | 2.8% | 2026-Q1 |
| GLENMEDE TRUST CO NA added | 5,208,807 | $177M | 2.4% | 2026-Q1 |
| Great Waters Wealth Management added | 4,886,852 | $166M | 2.2% | 2026-Q1 |
| FACTORY MUTUAL INSURANCE CO | 4,806,630 | $163M | 2.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 4,323,741 | $147M | 2.0% | 2026-Q1 |
| Plancorp, LLC trimmed | 3,942,065 | $142M | 1.9% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 3,769,013 | $128M | 1.7% | 2026-Q1 |
| JFS WEALTH ADVISORS, LLC trimmed | 3,737,287 | $127M | 1.7% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 3,727,832 | $127M | 1.7% | 2026-Q1 |
| Triune Financial Partners, LLC added | 3,630,000 | $123M | 1.7% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 3,513,309 | $119M | 1.6% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 2,952,121 | $100M | 1.4% | 2026-Q1 |
| ASSETMARK, INC trimmed | 2,875,490 | $98M | 1.3% | 2026-Q1 |
| D.A. DAVIDSON & CO. trimmed | 2,783,778 | $95M | 1.3% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 2,541,201 | $86M | 1.2% | 2026-Q1 |
| UBS Group AG added | 2,518,742 | $86M | 1.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 2,497,062 | $85M | 1.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 2,450,708 | $83M | 1.1% | 2026-Q1 |
| Planning Center, Inc. trimmed | 2,434,023 | $83M | 1.1% | 2026-Q1 |
| Core Wealth Management, Inc. trimmed | 2,394,043 | $81M | 1.1% | 2026-Q1 |
| Morton Capital Management LLC/CA added | 2,391,645 | $81M | 1.1% | 2026-Q1 |
| GeoWealth Management, LLC trimmed | 2,390,556 | $81M | 1.1% | 2026-Q1 |
| New Capital Management LP added | 2,387,805 | $81M | 1.1% | 2026-Q1 |
| Evanson Asset Management, LLC added | 2,304,226 | $78M | 1.1% | 2026-Q1 |
| Creative Capital Management Investments LLC added | 2,150,975 | $73M | 1.0% | 2026-Q1 |
| Tumwater Wealth Management, LLC trimmed | 2,148,190 | $73M | 1.0% | 2026-Q1 |
| Greenspring Advisors, LLC trimmed | 2,143,587 | $73M | 1.0% | 2026-Q1 |
| Capstone Financial Advisors, Inc. trimmed | 2,065,674 | $70M | 0.9% | 2026-Q1 |
| Glassman Wealth Services added | 1,997,755 | $68M | 0.9% | 2026-Q1 |
| Cardinal Point Capital Management ULC added | 1,949,020 | $66M | 0.9% | 2026-Q1 |
| BetterWealth, LLC added | 1,822,328 | $62M | 0.8% | 2026-Q1 |
| Confluence Wealth Services, Inc. trimmed | 1,764,001 | $60M | 0.8% | 2026-Q1 |
| BAKER BOYER NATIONAL BANK added | 1,762,066 | $60M | 0.8% | 2026-Q1 |
| Apella Capital, LLC added | 1,612,850 | $60M | 0.8% | 2026-Q1 |
| Asset Dedication, LLC trimmed | 1,697,812 | $58M | 0.8% | 2026-Q1 |
| Financial Symmetry Inc trimmed | 1,544,450 | $57M | 0.8% | 2026-Q1 |
| Trellis Wealth Advisors LLC added | 1,621,272 | $55M | 0.7% | 2026-Q1 |
| MARS JEWETT FINANCIAL GROUP, INC. trimmed | 1,589,820 | $54M | 0.7% | 2026-Q1 |
| LRI Investments, LLC added | 1,573,458 | $53M | 0.7% | 2026-Q1 |
| HFM Investment Advisors, LLC trimmed | 1,565,178 | $53M | 0.7% | 2026-Q1 |
| JACKSON THORNTON WEALTH MANAGEMENT, LLC trimmed | 1,422,904 | $51M | 0.7% | 2026-Q1 |
| Strathmore Capital Advisors, Inc. added | 1,401,514 | $51M | 0.7% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,502,018 | $50M | 0.7% | 2026-Q1 |
| Altiora Financial Group, LLC added | 1,447,156 | $49M | 0.7% | 2026-Q1 |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors trimmed | 1,416,825 | $48M | 0.6% | 2026-Q1 |
| MASTER'S WEALTH MANAGEMENT INC. added | 1,394,816 | $47M | 0.6% | 2026-Q1 |
| Johnson Wealth Management, LLC added | 1,327,681 | $45M | 0.6% | 2026-Q1 |
| N.E.W. Advisory Services LLC trimmed | 1,323,626 | $45M | 0.6% | 2026-Q1 |
| Warburton Capital Management, LLC added | 1,236,646 | $44M | 0.6% | 2026-Q1 |
| DEMMING FINANCIAL SERVICES CORP /ADV added | 1,287,714 | $44M | 0.6% | 2026-Q1 |
| ShankerValleau Wealth Advisors, Inc. trimmed | 1,276,502 | $43M | 0.6% | 2026-Q1 |
| Financial Engines Advisors L.L.C. trimmed | 1,221,414 | $41M | 0.6% | 2026-Q1 |
| Babb Wealth Advisors LLC trimmed | 1,206,924 | $41M | 0.6% | 2026-Q1 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC trimmed | 1,184,794 | $40M | 0.5% | 2026-Q1 |
| Onyx Financial Advisors, LLC trimmed | 1,160,548 | $39M | 0.5% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 1,153,055 | $39M | 0.5% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 1,143,842 | $39M | 0.5% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 1,124,416 | $38M | 0.5% | 2026-Q1 |
| CARDIFF PARK ADVISORS, LLC trimmed | 1,120,695 | $38M | 0.5% | 2026-Q1 |
| VANCE WEALTH, LLC trimmed | 1,111,628 | $38M | 0.5% | 2026-Q1 |
| Forum Financial Management, LP trimmed | 1,055,497 | $36M | 0.5% | 2026-Q1 |
| CAHILL FINANCIAL ADVISORS INC added | 1,018,559 | $35M | 0.5% | 2026-Q1 |
| Shearwater Capital LLC added | 903,646 | $31M | 0.4% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 888,337 | $30M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 876,378 | $30M | 0.4% | 2026-Q1 |
| ACCREDITED INVESTOR SERVICES, LLC added | 866,264 | $29M | 0.4% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 855,795 | $29M | 0.4% | 2026-Q1 |
| Meridian Wealth Partners, LLC trimmed | 852,469 | $29M | 0.4% | 2026-Q1 |
| TCI Wealth Advisors, Inc. trimmed | 839,456 | $29M | 0.4% | 2026-Q1 |
| Destiny Wealth Partners, LLC added | 811,078 | $28M | 0.4% | 2026-Q1 |
| Savant Capital, LLC trimmed | 809,746 | $28M | 0.4% | 2026-Q1 |
| RFG Advisory, LLC trimmed | 800,588 | $27M | 0.4% | 2026-Q1 |
| Sensible Money, LLC trimmed | 733,377 | $25M | 0.3% | 2026-Q1 |
| Financial Plan, Inc. trimmed | 731,319 | $25M | 0.3% | 2026-Q1 |
| Glassy Mountain Advisors, Inc. added | 730,621 | $25M | 0.3% | 2026-Q1 |
| Momentous Wealth Management, Inc. trimmed | 728,287 | $25M | 0.3% | 2026-Q1 |
| ASPIRIANT, LLC | 727,702 | $25M | 0.3% | 2026-Q1 |
| Conrad Siegel Investment Advisors, Inc. trimmed | 720,463 | $24M | 0.3% | 2026-Q1 |
| Wolfstich Capital, LLC trimmed | 740,511 | $24M | 0.3% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 715,224 | $24M | 0.3% | 2026-Q1 |
| Old Peak Finance LLC added | 712,295 | $24M | 0.3% | 2026-Q1 |
| Chicago Partners Investment Group LLC trimmed | 643,051 | $23M | 0.3% | 2026-Q1 |
| CHERRYDALE WEALTH MANAGEMENT, LLC trimmed | 681,936 | $23M | 0.3% | 2026-Q1 |
| MilWealth Group LLC trimmed | 674,680 | $23M | 0.3% | 2026-Q1 |
| Mariner, LLC added | 654,649 | $22M | 0.3% | 2026-Q1 |
| marrick wealth, LLC added | 653,050 | $22M | 0.3% | 2026-Q1 |
| LEGACY FINANCIAL GROUP, INC. trimmed | 645,085 | $22M | 0.3% | 2026-Q1 |
| CONQUIS FINANCIAL LLC added | 600,657 | $22M | 0.3% | 2026-Q1 |
| HTG Investment Advisors, Inc. added | 629,397 | $21M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 625,195 | $21M | 0.3% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 611,688 | $21M | 0.3% | 2026-Q1 |
| Glenmede Investment Management, LP added | 5,135,490 | $161M | 2.2% | 2025-Q3 stale |
| COMERICA BANK trimmed | 3,368,439 | $110M | 1.5% | 2025-Q4 stale |
| COBBLESTONE CAPITAL ADVISORS LLC /NY/ added | 2,762,854 | $87M | 1.2% | 2025-Q3 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.