Who owns DFIC (DFIC)
Which tracked institutional funds hold DFIC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFIC 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 DFIC is one-sided between 2025-Q4 and 2026-Q1: 254 added or opened and 49 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
DFIC’s largest tracked holder by dollar value, MERCER GLOBAL ADVISORS INC /ADV, sizes it at 2.0% of its own reported 13F book, while the median holder sizes it at 5.8% of theirs — a 3.8pp gap the other way — the median holder sizes DFIC more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFIC 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 605 tracked filers holding DFIC, 382 increased or opened the position and 202 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 DFIC 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 31
- RW Investment Management LLC$150M
- JANE STREET GROUP, LLC$97M
- Elser Financial Planning, Inc$77M
- MJP ASSOCIATES INC /ADV$34M
- Advisor OS, LLC$34M
- Concurrent Investment Advisors, LLC$23M
Full exits 14
- PARK AVENUE SECURITIES LLC$90M
- Timonier Family Office, LTD.$14M
- Thrivent Financial for Lutherans$5M
- Grunden Financial Advisory, Inc.$4M
- SageView Advisory Group, LLC$4M
- AXXCESS WEALTH MANAGEMENT, LLC$4M
Largest adds
- MERCER GLOBAL ADVISORS INC /ADV$92M
- ENVESTNET ASSET MANAGEMENT INC$34M
- Apella Capital, LLC$25M
- Plancorp, LLC$24M
- Vestmark Advisory Solutions, Inc.$19M
- JMG Financial Group, Ltd.$17M
Largest trims
- Henrickson Nauta Wealth Advisors, Inc.$40M
- HighTower Advisors, LLC$23M
- NewEdge Advisors, LLC$21M
- Efficient Advisors, LLC$17M
- EverSource Wealth Advisors, LLC$15M
- OSAIC HOLDINGS, INC.$10M
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 |
|---|---|---|---|---|
| MERCER GLOBAL ADVISORS INC /ADV added | 38,461,411 | $1.4B | 16.0% | 2026-Q1 |
| Forum Financial Management, LP trimmed | 16,222,174 | $576M | 6.7% | 2026-Q1 |
| Evensky & Katz LLC trimmed | 6,055,549 | $215M | 2.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 5,435,458 | $193M | 2.3% | 2026-Q1 |
| Apella Capital, LLC added | 4,552,460 | $173M | 2.0% | 2026-Q1 |
| JMG Financial Group, Ltd. added | 4,786,293 | $170M | 2.0% | 2026-Q1 |
| Greenspring Advisors, LLC trimmed | 4,466,470 | $159M | 1.9% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 4,316,541 | $153M | 1.8% | 2026-Q1 |
| RW Investment Management LLC trimmed | 4,234,459 | $150M | 1.8% | 2026-Q1 |
| Summit Financial Strategies, Inc. added | 3,887,458 | $138M | 1.6% | 2026-Q1 |
| Plancorp, LLC added | 3,498,838 | $131M | 1.5% | 2026-Q1 |
| AWM CAPITAL, LLC trimmed | 3,515,056 | $125M | 1.5% | 2026-Q1 |
| LPL Financial LLC added | 3,510,772 | $125M | 1.5% | 2026-Q1 |
| Cannon Financial Strategists, Inc. added | 3,455,475 | $123M | 1.4% | 2026-Q1 |
| Sageworth Trust Co trimmed | 3,227,612 | $115M | 1.3% | 2026-Q1 |
| Focus Partners Wealth added | 3,191,240 | $113M | 1.3% | 2026-Q1 |
| MASECO LLP added | 3,168,524 | $113M | 1.3% | 2026-Q1 |
| Symmetry Partners, LLC added | 2,829,499 | $101M | 1.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 2,726,519 | $97M | 1.1% | 2026-Q1 |
| PHILLIPS FINANCIAL MANAGEMENT, LLC trimmed | 2,611,359 | $93M | 1.1% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 2,603,022 | $92M | 1.1% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 2,596,159 | $92M | 1.1% | 2026-Q1 |
| Kestra Investment Management, LLC added | 2,557,353 | $91M | 1.1% | 2026-Q1 |
| WPWealth LLP trimmed | 2,519,087 | $90M | 1.0% | 2026-Q1 |
| Annex Advisory Services, LLC trimmed | 2,461,444 | $87M | 1.0% | 2026-Q1 |
| Asset Dedication, LLC trimmed | 2,408,781 | $86M | 1.0% | 2026-Q1 |
| Aspen Capital Management, LLC added | 2,275,858 | $81M | 0.9% | 2026-Q1 |
| Rather & Kittrell, Inc. added | 2,260,897 | $80M | 0.9% | 2026-Q1 |
| Rockbridge Investment Management, LCC trimmed | 2,187,179 | $78M | 0.9% | 2026-Q1 |
| Elser Financial Planning, Inc added | 2,170,433 | $77M | 0.9% | 2026-Q1 |
| BRIGHTON JONES LLC added | 2,078,625 | $74M | 0.9% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 2,074,009 | $74M | 0.9% | 2026-Q1 |
| Hill Investment Group Partners, LLC added | 2,039,273 | $72M | 0.8% | 2026-Q1 |
| Syverson Strege & Co trimmed | 2,029,733 | $72M | 0.8% | 2026-Q1 |
| Baird Financial Group, Inc. added | 1,967,806 | $70M | 0.8% | 2026-Q1 |
| Truepoint, Inc. trimmed | 1,959,163 | $70M | 0.8% | 2026-Q1 |
| Leading Edge Financial Planning LLC added | 1,956,559 | $70M | 0.8% | 2026-Q1 |
| SJS Investment Consulting Inc. added | 1,956,405 | $70M | 0.8% | 2026-Q1 |
| Miramar Fiduciary Corp trimmed | 1,915,823 | $68M | 0.8% | 2026-Q1 |
| Moss Adams Wealth Advisors LLC added | 1,862,542 | $66M | 0.8% | 2026-Q1 |
| Rockwood Wealth Management, LLC added | 1,774,192 | $63M | 0.7% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 1,736,974 | $62M | 0.7% | 2026-Q1 |
| Betterment LLC added | 1,583,801 | $56M | 0.7% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,582,342 | $56M | 0.7% | 2026-Q1 |
| Kooman & Associates trimmed | 1,570,653 | $56M | 0.7% | 2026-Q1 |
| Millburn Ridgefield LLC /DE/ added | 1,549,030 | $55M | 0.6% | 2026-Q1 |
| Catalyst Capital Advisors LLC added | 1,549,030 | $55M | 0.6% | 2026-Q1 |
| Financial Plan, Inc. added | 1,516,156 | $54M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,463,977 | $52M | 0.6% | 2026-Q1 |
| Tencap Wealth Coaching, LLC trimmed | 1,461,824 | $52M | 0.6% | 2026-Q1 |
| DecisionPoint Financial, LLC added | 1,419,420 | $50M | 0.6% | 2026-Q1 |
| Aspen Wealth Management LLC added | 1,395,647 | $50M | 0.6% | 2026-Q1 |
| Mariner, LLC added | 1,389,763 | $49M | 0.6% | 2026-Q1 |
| DiNuzzo Private Wealth, Inc. trimmed | 1,385,033 | $49M | 0.6% | 2026-Q1 |
| Stordahl Capital Management, Inc. trimmed | 1,361,259 | $48M | 0.6% | 2026-Q1 |
| Henrickson Nauta Wealth Advisors, Inc. trimmed | 1,341,057 | $48M | 0.6% | 2026-Q1 |
| von Borstel & Associates, Inc. trimmed | 1,318,049 | $47M | 0.5% | 2026-Q1 |
| Eaton-Cambridge Inc. added | 1,273,246 | $45M | 0.5% | 2026-Q1 |
| Verisail Partners, LLC trimmed | 1,261,255 | $45M | 0.5% | 2026-Q1 |
| Your Advocates Ltd., LLP added | 1,250,586 | $44M | 0.5% | 2026-Q1 |
| Savant Capital, LLC trimmed | 1,247,780 | $44M | 0.5% | 2026-Q1 |
| RS CRUM INC. trimmed | 1,162,927 | $41M | 0.5% | 2026-Q1 |
| Alpha Financial Advisors, LLC trimmed | 1,159,923 | $41M | 0.5% | 2026-Q1 |
| AdvisorNet Financial, Inc added | 1,151,149 | $41M | 0.5% | 2026-Q1 |
| Burton Enright Welch added | 1,142,023 | $41M | 0.5% | 2026-Q1 |
| One Degree Advisors Inc added | 1,122,058 | $40M | 0.5% | 2026-Q1 |
| EnRich Financial Partners LLC added | 1,120,912 | $40M | 0.5% | 2026-Q1 |
| HILL ISLAND FINANCIAL LLC added | 1,096,790 | $39M | 0.5% | 2026-Q1 |
| American Trust added | 1,088,939 | $39M | 0.5% | 2026-Q1 |
| Ullmann Wealth Partners Group, LLC trimmed | 1,080,106 | $38M | 0.4% | 2026-Q1 |
| BCU Wealth Advisors, LLC trimmed | 1,073,062 | $38M | 0.4% | 2026-Q1 |
| ARK & TLK INVESTMENTS, LLC added | 1,064,396 | $38M | 0.4% | 2026-Q1 |
| True Wealth Design, LLC added | 1,062,329 | $38M | 0.4% | 2026-Q1 |
| CAPSTONE CAPITAL LLC trimmed | 1,054,038 | $37M | 0.4% | 2026-Q1 |
| Straight Path Wealth Management added | 1,043,507 | $37M | 0.4% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 1,038,279 | $37M | 0.4% | 2026-Q1 |
| Pine Harbor Wealth Management, LLC added | 1,017,885 | $36M | 0.4% | 2026-Q1 |
| Trust Co of the South added | 1,012,932 | $36M | 0.4% | 2026-Q1 |
| Mattern Wealth Management LLC added | 982,304 | $35M | 0.4% | 2026-Q1 |
| United Wealth Management, LLC added | 979,558 | $35M | 0.4% | 2026-Q1 |
| Tassel Capital Management, Inc. added | 970,099 | $34M | 0.4% | 2026-Q1 |
| BURNEY CO/ added | 967,635 | $34M | 0.4% | 2026-Q1 |
| SC&H Financial Advisors, Inc. added | 963,800 | $34M | 0.4% | 2026-Q1 |
| Financial Engines Advisors L.L.C. trimmed | 949,884 | $34M | 0.4% | 2026-Q1 |
| MJP ASSOCIATES INC /ADV new | 949,470 | $34M | 0.4% | 2026-Q1 |
| Advisor OS, LLC new | 946,775 | $34M | 0.4% | 2026-Q1 |
| Pinnacle Financial Group, LLC / IL added | 916,900 | $33M | 0.4% | 2026-Q1 |
| Krilogy Financial LLC added | 861,971 | $32M | 0.4% | 2026-Q1 |
| ACORN CREEK CAPITAL LLC trimmed | 900,526 | $32M | 0.4% | 2026-Q1 |
| Freedom Investment Management, Inc. trimmed | 872,760 | $31M | 0.4% | 2026-Q1 |
| Bridgewater Advisors Inc. trimmed | 778,819 | $30M | 0.3% | 2026-Q1 |
| Integrity Advisory Solutions, LLC added | 822,926 | $29M | 0.3% | 2026-Q1 |
| MARKET STREET WEALTH MANAGEMENT ADVISORS LLC trimmed | 806,005 | $29M | 0.3% | 2026-Q1 |
| Rachor Investment Advisory Services, LLC trimmed | 800,249 | $28M | 0.3% | 2026-Q1 |
| Evanson Asset Management, LLC trimmed | 798,853 | $28M | 0.3% | 2026-Q1 |
| Quantum Financial Planning Services, Inc. added | 795,841 | $28M | 0.3% | 2026-Q1 |
| Lutz Financial Services LLC trimmed | 790,627 | $28M | 0.3% | 2026-Q1 |
| Wealthstream Advisors, Inc. added | 3,239,940 | $106M | 1.2% | 2025-Q3 stale |
| PARK AVENUE SECURITIES LLC added | 2,610,843 | $90M | 1.1% | 2025-Q4 stale |
| Jentner Corp added | 1,317,059 | $41M | 0.5% | 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.