Who owns 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-Q2 13F filings (latest filed 2026-08-19). 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 2026-Q1 and 2026-Q2: 287 added or opened and 52 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 1.9% of its own reported 13F book, while the median holder sizes it at 5.5% of theirs — a 3.6pp 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 2026-Q1 and 2026-Q2, across 613 tracked filers holding DFIC, 397 increased or opened the position and 191 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 2026-Q1 and 2026-Q2 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 19
- Evanson Financial, LLC$30M
- Woodward Financial Advisors, Inc.$29M
- BEACON HILL WEALTH MANAGEMENT LTD.$16M
- Timonier Family Office, LTD.$16M
- Global Retirement Partners, LLC$4M
- Tennessee Valley Asset Management Partners$3M
Full exits 25
- Evensky & Katz LLC$215M
- HighTower Advisors, LLC$153M
- Betterment LLC$56M
- DiNuzzo Private Wealth, Inc.$49M
- von Borstel & Associates, Inc.$47M
- One Degree Advisors Inc$40M
Largest adds
- MERCER GLOBAL ADVISORS INC /ADV$179M
- ASSETMARK, INC$117M
- Forum Financial Management, LP$37M
- ENVESTNET ASSET MANAGEMENT INC$29M
- Focus Partners Advisor Solutions, LLC$25M
- LPL Financial LLC$23M
Largest trims
- Miramar Fiduciary Corp$11M
- Truepoint, Inc.$9M
- CITADEL ADVISORS LLC$8M
- Kestra Investment Management, LLC$8M
- Hills Bank & Trust Co$6M
- Sensenig Capital Advisors, Inc$5M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MERCER GLOBAL ADVISORS INC /ADV added | 41,492,937 | $1.5B | 17.4% | 2026-Q2 |
| Forum Financial Management, LP added | 16,467,379 | $614M | 6.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 5,961,527 | $222M | 2.5% | 2026-Q2 |
| JMG Financial Group, Ltd. added | 4,973,487 | $185M | 2.1% | 2026-Q2 |
| Apella Capital, LLC added | 4,772,870 | $179M | 2.0% | 2026-Q2 |
| Greenspring Advisors, LLC added | 4,494,230 | $167M | 1.9% | 2026-Q2 |
| RW Investment Management LLC trimmed | 4,217,089 | $157M | 1.8% | 2026-Q2 |
| Summit Financial Strategies, Inc. added | 3,967,115 | $148M | 1.7% | 2026-Q2 |
| LPL Financial LLC added | 3,963,122 | $148M | 1.7% | 2026-Q2 |
| Plancorp, LLC added | 3,901,958 | $145M | 1.6% | 2026-Q2 |
| AWM CAPITAL, LLC added | 3,639,850 | $136M | 1.5% | 2026-Q2 |
| Cannon Financial Strategists, Inc. added | 3,603,650 | $134M | 1.5% | 2026-Q2 |
| Focus Partners Wealth added | 3,422,470 | $128M | 1.4% | 2026-Q2 |
| MASECO LLP added | 3,391,403 | $126M | 1.4% | 2026-Q2 |
| Sageworth Trust Co trimmed | 3,184,052 | $119M | 1.3% | 2026-Q2 |
| ASSETMARK, INC added | 3,132,068 | $117M | 1.3% | 2026-Q2 |
| Symmetry Partners, LLC added | 2,983,850 | $111M | 1.3% | 2026-Q2 |
| Annex Advisory Services, LLC added | 2,662,339 | $99M | 1.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 2,581,098 | $96M | 1.1% | 2026-Q2 |
| Pathstone Holdings, LLC trimmed | 2,570,590 | $96M | 1.1% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 2,513,803 | $94M | 1.1% | 2026-Q2 |
| PHILLIPS FINANCIAL MANAGEMENT, LLC trimmed | 2,464,885 | $92M | 1.0% | 2026-Q2 |
| Asset Dedication, LLC added | 2,461,908 | $92M | 1.0% | 2026-Q2 |
| Aspen Capital Management, LLC added | 2,380,785 | $89M | 1.0% | 2026-Q2 |
| WPWealth LLP trimmed | 2,362,665 | $88M | 1.0% | 2026-Q2 |
| Rockbridge Investment Management, LCC added | 2,349,813 | $88M | 1.0% | 2026-Q2 |
| Rather & Kittrell, Inc. added | 2,342,238 | $87M | 1.0% | 2026-Q2 |
| Kestra Investment Management, LLC trimmed | 2,234,347 | $83M | 0.9% | 2026-Q2 |
| Bernicke Wealth Management, Ltd. added | 2,226,505 | $83M | 0.9% | 2026-Q2 |
| BRIGHTON JONES LLC added | 2,222,157 | $83M | 0.9% | 2026-Q2 |
| Elser Financial Planning, Inc added | 2,207,216 | $82M | 0.9% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 2,176,295 | $81M | 0.9% | 2026-Q2 |
| Leading Edge Financial Planning LLC added | 2,149,853 | $80M | 0.9% | 2026-Q2 |
| SJS Investment Consulting Inc. added | 2,069,299 | $77M | 0.9% | 2026-Q2 |
| Syverson Strege & Co added | 2,037,905 | $76M | 0.9% | 2026-Q2 |
| Hill Investment Group Partners, LLC trimmed | 2,025,737 | $75M | 0.8% | 2026-Q2 |
| Moss Adams Wealth Advisors LLC added | 1,976,543 | $74M | 0.8% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 1,908,635 | $71M | 0.8% | 2026-Q2 |
| Rockwood Wealth Management, LLC trimmed | 1,772,707 | $66M | 0.7% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC added | 1,673,693 | $62M | 0.7% | 2026-Q2 |
| Savant Capital, LLC added | 1,673,458 | $62M | 0.7% | 2026-Q2 |
| Tencap Wealth Coaching, LLC added | 1,642,156 | $61M | 0.7% | 2026-Q2 |
| Truepoint, Inc. trimmed | 1,639,559 | $61M | 0.7% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,635,060 | $61M | 0.7% | 2026-Q2 |
| Millburn Ridgefield LLC /DE/ added | 1,627,486 | $61M | 0.7% | 2026-Q2 |
| Catalyst Capital Advisors LLC added | 1,627,486 | $61M | 0.7% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. trimmed | 1,621,451 | $60M | 0.7% | 2026-Q2 |
| Financial Plan, Inc. added | 1,614,612 | $60M | 0.7% | 2026-Q2 |
| DecisionPoint Financial, LLC added | 1,583,340 | $59M | 0.7% | 2026-Q2 |
| Kooman & Associates trimmed | 1,536,506 | $57M | 0.6% | 2026-Q2 |
| Miramar Fiduciary Corp trimmed | 1,523,973 | $57M | 0.6% | 2026-Q2 |
| Aspen Wealth Management LLC added | 1,520,708 | $57M | 0.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,498,356 | $56M | 0.6% | 2026-Q2 |
| Henrickson Nauta Wealth Advisors, Inc. added | 1,417,906 | $53M | 0.6% | 2026-Q2 |
| Mariner, LLC added | 1,409,468 | $53M | 0.6% | 2026-Q2 |
| Stordahl Capital Management, Inc. added | 1,396,977 | $52M | 0.6% | 2026-Q2 |
| Eaton-Cambridge Inc. added | 1,303,889 | $49M | 0.5% | 2026-Q2 |
| Verisail Partners, LLC added | 1,277,289 | $48M | 0.5% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 1,269,845 | $47M | 0.5% | 2026-Q2 |
| Burton Enright Welch added | 1,238,480 | $46M | 0.5% | 2026-Q2 |
| Your Advocates Ltd., LLP trimmed | 1,233,817 | $46M | 0.5% | 2026-Q2 |
| RS CRUM INC. added | 1,215,184 | $45M | 0.5% | 2026-Q2 |
| Alpha Financial Advisors, LLC added | 1,186,703 | $44M | 0.5% | 2026-Q2 |
| AdvisorNet Financial, Inc added | 1,161,091 | $43M | 0.5% | 2026-Q2 |
| EnRich Financial Partners LLC added | 1,146,900 | $43M | 0.5% | 2026-Q2 |
| HILL ISLAND FINANCIAL LLC added | 1,139,283 | $42M | 0.5% | 2026-Q2 |
| True Wealth Design, LLC added | 1,136,103 | $42M | 0.5% | 2026-Q2 |
| American Trust added | 1,134,501 | $42M | 0.5% | 2026-Q2 |
| BCU Wealth Advisors, LLC added | 1,124,264 | $42M | 0.5% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 1,107,907 | $41M | 0.5% | 2026-Q2 |
| ARK & TLK INVESTMENTS, LLC added | 1,074,334 | $40M | 0.5% | 2026-Q2 |
| CAPSTONE CAPITAL LLC added | 1,065,523 | $40M | 0.4% | 2026-Q2 |
| Trust Co of the South added | 1,065,016 | $40M | 0.4% | 2026-Q2 |
| Straight Path Wealth Management added | 1,061,732 | $40M | 0.4% | 2026-Q2 |
| Pine Harbor Wealth Management, LLC added | 1,059,460 | $39M | 0.4% | 2026-Q2 |
| Ullmann Wealth Partners Group, LLC trimmed | 1,051,864 | $39M | 0.4% | 2026-Q2 |
| Tassel Capital Management, Inc. added | 1,051,521 | $39M | 0.4% | 2026-Q2 |
| BURNEY CO/ added | 1,049,563 | $39M | 0.4% | 2026-Q2 |
| Mattern Wealth Management LLC added | 1,021,560 | $38M | 0.4% | 2026-Q2 |
| TFO Wealth Partners, LLC added | 1,020,265 | $38M | 0.4% | 2026-Q2 |
| SC&H Financial Advisors, Inc. added | 1,008,819 | $38M | 0.4% | 2026-Q2 |
| United Wealth Management, LLC added | 986,763 | $37M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 951,573 | $35M | 0.4% | 2026-Q2 |
| Pinnacle Financial Group, LLC / IL added | 929,846 | $35M | 0.4% | 2026-Q2 |
| Financial Engines Advisors L.L.C. trimmed | 910,165 | $34M | 0.4% | 2026-Q2 |
| ACORN CREEK CAPITAL LLC trimmed | 879,322 | $33M | 0.4% | 2026-Q2 |
| Integrity Advisory Solutions, LLC added | 876,402 | $33M | 0.4% | 2026-Q2 |
| Freedom Investment Management, Inc. added | 875,410 | $33M | 0.4% | 2026-Q2 |
| Hurlow Wealth Management Group, Inc. added | 853,239 | $32M | 0.4% | 2026-Q2 |
| Quantum Financial Planning Services, Inc. added | 850,171 | $32M | 0.4% | 2026-Q2 |
| Lutz Financial Services LLC added | 833,294 | $31M | 0.3% | 2026-Q2 |
| MJP ASSOCIATES INC /ADV trimmed | 832,574 | $31M | 0.3% | 2026-Q2 |
| Advisor OS, LLC trimmed | 832,574 | $31M | 0.3% | 2026-Q2 |
| Rachor Investment Advisory Services, LLC added | 827,571 | $31M | 0.3% | 2026-Q2 |
| Krilogy Financial LLC trimmed | 820,801 | $31M | 0.3% | 2026-Q2 |
| MARKET STREET WEALTH MANAGEMENT ADVISORS LLC added | 818,259 | $30M | 0.3% | 2026-Q2 |
| Evanson Financial, LLC new | 805,048 | $30M | 0.3% | 2026-Q2 |
| MOSAIC FAMILY WEALTH PARTNERS, LLC added | 784,242 | $29M | 0.3% | 2026-Q2 |
| Arax Advisory Partners added | 775,401 | $29M | 0.3% | 2026-Q2 |
| Woodward Financial Advisors, Inc. new | 769,245 | $29M | 0.3% | 2026-Q2 |
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.