Who owns DFEM (DFEM)
Which tracked institutional funds hold DFEM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFEM 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 DFEM is one-sided between 2025-Q4 and 2026-Q1: 242 added or opened and 39 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
DFEM’s largest tracked holder by dollar value, Forum Financial Management, LP, sizes it at 8.0% of its own reported 13F book, while the median holder sizes it at 3.0% of theirs — a 5.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DFEM 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 557 tracked filers holding DFEM, 366 increased or opened the position and 179 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 DFEM 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 27
- RW Investment Management LLC$68M
- JANE STREET GROUP, LLC$38M
- Elser Financial Planning, Inc$36M
- Concurrent Investment Advisors, LLC$18M
- Bank of New York Mellon Corp$16M
- Ocean Park Asset Management, LLC$12M
Full exits 15
- Heritage Financial Services, LLC$58M
- NewEdge Advisors, LLC$11M
- Timonier Family Office, LTD.$10M
- MENORA MIVTACHIM HOLDINGS LTD.$9M
- E-Wealth Partners, LLC$6M
- Platform Wealth Management, LLC$3M
Largest adds
- Savant Capital, LLC$58M
- Focus Partners Wealth$35M
- Focus Partners Advisor Solutions, LLC$34M
- Sequoia Financial Advisors, LLC$20M
- HBK Sorce Advisory LLC$20M
- Apella Capital, LLC$19M
Largest trims
- Klaas Financial Asset Advisors, LLC$29M
- Forum Financial Management, LP$15M
- Henrickson Nauta Wealth Advisors, Inc.$14M
- JACKSON THORNTON WEALTH MANAGEMENT, LLC$14M
- HighTower Advisors, LLC$13M
- OSAIC HOLDINGS, INC.$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 |
|---|---|---|---|---|
| Forum Financial Management, LP trimmed | 16,404,290 | $567M | 10.5% | 2026-Q1 |
| Focus Partners Wealth added | 9,014,872 | $312M | 5.8% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 7,702,569 | $266M | 4.9% | 2026-Q1 |
| Corient Private Wealth LLC added | 7,035,546 | $243M | 4.5% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 5,345,392 | $185M | 3.4% | 2026-Q1 |
| Truepoint, Inc. added | 5,286,463 | $183M | 3.4% | 2026-Q1 |
| Savant Capital, LLC added | 4,227,172 | $146M | 2.7% | 2026-Q1 |
| HBK Sorce Advisory LLC added | 3,249,517 | $133M | 2.5% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 3,220,182 | $111M | 2.1% | 2026-Q1 |
| Forvis Mazars Wealth Advisors, LLC added | 3,091,483 | $107M | 2.0% | 2026-Q1 |
| Parcion Private Wealth LLC trimmed | 2,677,850 | $93M | 1.7% | 2026-Q1 |
| Asset Dedication, LLC trimmed | 2,484,046 | $86M | 1.6% | 2026-Q1 |
| Evensky & Katz LLC trimmed | 2,363,205 | $82M | 1.5% | 2026-Q1 |
| Greenspring Advisors, LLC added | 2,314,462 | $80M | 1.5% | 2026-Q1 |
| JMG Financial Group, Ltd. added | 2,312,160 | $80M | 1.5% | 2026-Q1 |
| Rockwood Wealth Management, LLC added | 2,254,397 | $78M | 1.4% | 2026-Q1 |
| MASECO LLP added | 2,245,751 | $78M | 1.4% | 2026-Q1 |
| LPL Financial LLC added | 2,055,130 | $71M | 1.3% | 2026-Q1 |
| RW Investment Management LLC added | 1,972,853 | $68M | 1.3% | 2026-Q1 |
| Apella Capital, LLC added | 1,657,178 | $64M | 1.2% | 2026-Q1 |
| CWM, LLC added | 1,827,269 | $63M | 1.2% | 2026-Q1 |
| AWM CAPITAL, LLC added | 1,807,261 | $62M | 1.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 1,745,554 | $60M | 1.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 1,737,396 | $60M | 1.1% | 2026-Q1 |
| Sageworth Trust Co added | 1,649,406 | $57M | 1.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,494,924 | $52M | 1.0% | 2026-Q1 |
| Symmetry Partners, LLC added | 1,472,478 | $51M | 0.9% | 2026-Q1 |
| Hill Investment Group Partners, LLC trimmed | 1,438,629 | $50M | 0.9% | 2026-Q1 |
| Mariner, LLC added | 1,343,643 | $46M | 0.9% | 2026-Q1 |
| EnRich Financial Partners LLC trimmed | 1,272,479 | $44M | 0.8% | 2026-Q1 |
| Plancorp, LLC added | 1,100,863 | $41M | 0.7% | 2026-Q1 |
| GREAT OAK CAPITAL PARTNERS, LLC added | 1,102,285 | $40M | 0.7% | 2026-Q1 |
| BRIGHTON JONES LLC added | 1,127,131 | $39M | 0.7% | 2026-Q1 |
| Oakwell Private Wealth Management, LLC added | 1,119,116 | $39M | 0.7% | 2026-Q1 |
| PHILLIPS FINANCIAL MANAGEMENT, LLC trimmed | 1,107,968 | $38M | 0.7% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 1,100,820 | $38M | 0.7% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 1,081,245 | $37M | 0.7% | 2026-Q1 |
| MOSAIC FAMILY WEALTH PARTNERS, LLC added | 1,062,087 | $37M | 0.7% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 1,054,229 | $36M | 0.7% | 2026-Q1 |
| Elser Financial Planning, Inc added | 1,043,991 | $36M | 0.7% | 2026-Q1 |
| Burton Enright Welch trimmed | 1,031,628 | $36M | 0.7% | 2026-Q1 |
| Rather & Kittrell, Inc. added | 1,030,428 | $36M | 0.7% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 999,519 | $35M | 0.6% | 2026-Q1 |
| Kooman & Associates trimmed | 999,510 | $35M | 0.6% | 2026-Q1 |
| Seaside Wealth Management, Inc. added | 965,195 | $33M | 0.6% | 2026-Q1 |
| Rockbridge Investment Management, LCC trimmed | 941,289 | $33M | 0.6% | 2026-Q1 |
| Betterment LLC added | 925,468 | $32M | 0.6% | 2026-Q1 |
| FIRST FINANCIAL BANK - TRUST DIVISION added | 906,047 | $31M | 0.6% | 2026-Q1 |
| Miramar Fiduciary Corp trimmed | 902,483 | $31M | 0.6% | 2026-Q1 |
| MONOGRAPH WEALTH ADVISORS, LLC added | 902,335 | $31M | 0.6% | 2026-Q1 |
| Your Advocates Ltd., LLP added | 877,152 | $30M | 0.6% | 2026-Q1 |
| Leading Edge Financial Planning LLC added | 868,700 | $30M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 804,302 | $28M | 0.5% | 2026-Q1 |
| Sensible Money, LLC added | 752,742 | $26M | 0.5% | 2026-Q1 |
| Syverson Strege & Co trimmed | 747,068 | $26M | 0.5% | 2026-Q1 |
| DiNuzzo Private Wealth, Inc. added | 740,196 | $26M | 0.5% | 2026-Q1 |
| Financial Plan, Inc. added | 730,190 | $25M | 0.5% | 2026-Q1 |
| Stratos Investment Management, LLC trimmed | 717,137 | $25M | 0.5% | 2026-Q1 |
| PEAPACK GLADSTONE FINANCIAL CORP added | 706,356 | $24M | 0.5% | 2026-Q1 |
| Peterson Wealth Advisors, LLC trimmed | 700,249 | $24M | 0.4% | 2026-Q1 |
| AdvisorNet Financial, Inc added | 688,384 | $24M | 0.4% | 2026-Q1 |
| RS CRUM INC. trimmed | 678,243 | $23M | 0.4% | 2026-Q1 |
| Integris Wealth Management, LLC trimmed | 676,592 | $23M | 0.4% | 2026-Q1 |
| Eaton-Cambridge Inc. added | 655,618 | $23M | 0.4% | 2026-Q1 |
| Financial Engines Advisors L.L.C. trimmed | 653,812 | $23M | 0.4% | 2026-Q1 |
| RFG Advisory, LLC added | 637,968 | $22M | 0.4% | 2026-Q1 |
| Premier Financial Group added | 608,840 | $21M | 0.4% | 2026-Q1 |
| Stordahl Capital Management, Inc. trimmed | 614,698 | $21M | 0.4% | 2026-Q1 |
| Tencap Wealth Coaching, LLC trimmed | 600,108 | $21M | 0.4% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 598,414 | $21M | 0.4% | 2026-Q1 |
| KEB ASSET MANAGEMENT, LLC added | 589,730 | $20M | 0.4% | 2026-Q1 |
| BCR Wealth Strategies, LLC added | 587,683 | $20M | 0.4% | 2026-Q1 |
| Evanson Asset Management, LLC added | 586,553 | $20M | 0.4% | 2026-Q1 |
| Pinnacle Financial Group, LLC / IL trimmed | 580,417 | $20M | 0.4% | 2026-Q1 |
| Heritage Investment Group, Inc. added | 569,197 | $20M | 0.4% | 2026-Q1 |
| Private Wealth Management Group, LLC added | 561,409 | $19M | 0.4% | 2026-Q1 |
| Emprise Bank added | 544,566 | $19M | 0.3% | 2026-Q1 |
| Ballentine Capital Advisors, Inc added | 543,826 | $19M | 0.3% | 2026-Q1 |
| Cambridge Financial Group, LLC trimmed | 541,634 | $19M | 0.3% | 2026-Q1 |
| Creative Planning added | 540,748 | $19M | 0.3% | 2026-Q1 |
| Arax Advisory Partners trimmed | 535,848 | $19M | 0.3% | 2026-Q1 |
| Aspen Capital Management, LLC added | 534,371 | $18M | 0.3% | 2026-Q1 |
| CAPSTONE CAPITAL LLC trimmed | 524,272 | $18M | 0.3% | 2026-Q1 |
| SACHEM HILL LLC trimmed | 514,846 | $18M | 0.3% | 2026-Q1 |
| Concurrent Investment Advisors, LLC new | 507,422 | $18M | 0.3% | 2026-Q1 |
| Leonard Rickey Investment Advisors P.L.L.C. added | 505,934 | $17M | 0.3% | 2026-Q1 |
| Henrickson Nauta Wealth Advisors, Inc. trimmed | 495,857 | $17M | 0.3% | 2026-Q1 |
| Flagstone Financial Management trimmed | 487,786 | $17M | 0.3% | 2026-Q1 |
| von Borstel & Associates, Inc. trimmed | 483,300 | $17M | 0.3% | 2026-Q1 |
| Planning Center, Inc. trimmed | 481,746 | $17M | 0.3% | 2026-Q1 |
| Squire Investment Management Company, LLC added | 480,638 | $17M | 0.3% | 2026-Q1 |
| Financial Planning Navigators CORP added | 479,758 | $17M | 0.3% | 2026-Q1 |
| Peirce Capital Management, LLC trimmed | 477,032 | $16M | 0.3% | 2026-Q1 |
| Discipline Wealth Solutions, LLC added | 472,869 | $16M | 0.3% | 2026-Q1 |
| Allworth Financial LP added | 466,637 | $16M | 0.3% | 2026-Q1 |
| Heritage Financial Services, LLC trimmed | 1,741,258 | $58M | 1.1% | 2025-Q4 stale |
| Wealthstream Advisors, Inc. added | 1,487,693 | $48M | 0.9% | 2025-Q3 stale |
| Willow Creek Wealth Management Inc. added | 962,189 | $31M | 0.6% | 2025-Q3 stale |
| Hemington Wealth Management added | 818,751 | $26M | 0.5% | 2025-Q3 stale |
| Jentner Corp added | 585,548 | $17M | 0.3% | 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.