Who owns DFIV (DFIV)
Which tracked institutional funds hold DFIV, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFIV 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 DFIV is one-sided between 2025-Q4 and 2026-Q1: 301 added or opened and 54 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
DFIV’s largest tracked holder by dollar value, NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO, sizes it at 1.0% of its own reported 13F book, while the median holder sizes it at 2.1% of theirs — a 1.1pp gap the other way — the median holder sizes DFIV more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFIV 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 844 tracked filers holding DFIV, 454 increased or opened the position and 324 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 DFIV 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 29
- Penserra Capital Management LLC$18M
- BlueSky Wealth Advisors, LLC$16M
- Aurdan Capital Management, LLC$12M
- Bleakley Financial Group, LLC$5M
- Navigate Wealth Management, LLC$5M
- NewEdge Wealth, LLC$4M
Full exits 23
- Quent Long Short Global Small Cap Fund, LP$28M
- McMill Wealth Management$25M
- SEVEN MILE ADVISORY$24M
- AXXCESS WEALTH MANAGEMENT, LLC$20M
- FISCHER INVESTMENT STRATEGIES, LLC$15M
- Tradewinds, LLC.$14M
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$1.6B
- MERCER GLOBAL ADVISORS INC /ADV$101M
- PNC FINANCIAL SERVICES GROUP, INC.$96M
- Kestra Investment Management, LLC$91M
- EP Wealth Advisors, LLC$77M
- RAYMOND JAMES FINANCIAL INC$62M
Largest trims
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$39M
- Ocean Park Asset Management, LLC$22M
- EverSource Wealth Advisors, LLC$6M
- Turning Point Benefit Group, Inc.$3M
- Atria Investments, Inc$3M
- 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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 31,175,901 | $1.6B | 12.9% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 22,261,639 | $1.2B | 9.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 16,455,753 | $869M | 6.8% | 2026-Q1 |
| Focus Partners Wealth trimmed | 13,542,022 | $715M | 5.6% | 2026-Q1 |
| Savant Capital, LLC added | 8,757,746 | $462M | 3.6% | 2026-Q1 |
| EP Wealth Advisors, LLC added | 7,226,755 | $381M | 3.0% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 7,220,415 | $381M | 3.0% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 6,055,401 | $320M | 2.5% | 2026-Q1 |
| Corient Private Wealth LLC added | 5,442,896 | $287M | 2.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 4,749,743 | $251M | 2.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 4,187,745 | $221M | 1.7% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 4,020,264 | $214M | 1.7% | 2026-Q1 |
| Kestra Investment Management, LLC added | 4,025,407 | $212M | 1.7% | 2026-Q1 |
| Plancorp, LLC added | 3,664,235 | $202M | 1.6% | 2026-Q1 |
| Index Fund Advisors, Inc. trimmed | 3,550,562 | $187M | 1.5% | 2026-Q1 |
| Creative Planning trimmed | 3,414,821 | $180M | 1.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 3,398,047 | $179M | 1.4% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 3,368,869 | $178M | 1.4% | 2026-Q1 |
| Cerity Partners LLC added | 3,212,707 | $170M | 1.3% | 2026-Q1 |
| Foster Group, Inc. trimmed | 2,931,247 | $155M | 1.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 2,647,604 | $136M | 1.1% | 2026-Q1 |
| LPL Financial LLC added | 2,333,518 | $123M | 1.0% | 2026-Q1 |
| Modera Wealth Management, LLC trimmed | 2,233,998 | $118M | 0.9% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 2,146,371 | $113M | 0.9% | 2026-Q1 |
| UBS Group AG added | 2,120,771 | $112M | 0.9% | 2026-Q1 |
| Apella Capital, LLC added | 1,895,167 | $105M | 0.8% | 2026-Q1 |
| Cetera Investment Advisers added | 1,864,900 | $98M | 0.8% | 2026-Q1 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 1,785,481 | $94M | 0.7% | 2026-Q1 |
| Confluence Wealth Services, Inc. added | 1,779,613 | $94M | 0.7% | 2026-Q1 |
| Team Hewins, LLC added | 1,761,273 | $93M | 0.7% | 2026-Q1 |
| JACKSON THORNTON WEALTH MANAGEMENT, LLC trimmed | 1,602,043 | $88M | 0.7% | 2026-Q1 |
| TCI Wealth Advisors, Inc. trimmed | 1,611,107 | $85M | 0.7% | 2026-Q1 |
| CHOREO, LLC added | 1,472,743 | $78M | 0.6% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,463,439 | $77M | 0.6% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 1,403,292 | $74M | 0.6% | 2026-Q1 |
| Evanson Asset Management, LLC added | 1,402,336 | $74M | 0.6% | 2026-Q1 |
| Wealth Management Nebraska added | 1,328,121 | $70M | 0.6% | 2026-Q1 |
| Falcon Wealth Planning added | 1,259,446 | $66M | 0.5% | 2026-Q1 |
| Sequoia Financial Advisors, LLC trimmed | 1,245,125 | $66M | 0.5% | 2026-Q1 |
| DIXON FNANCIAL SERVICES, INC. trimmed | 1,242,941 | $66M | 0.5% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 1,196,765 | $64M | 0.5% | 2026-Q1 |
| Beaird Harris Wealth Management, LLC trimmed | 1,149,077 | $61M | 0.5% | 2026-Q1 |
| True Link Financial Advisors, LLC trimmed | 1,120,300 | $59M | 0.5% | 2026-Q1 |
| Petersen Hastings Wealth Advisors Inc. trimmed | 1,119,781 | $59M | 0.5% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC added | 1,084,979 | $57M | 0.5% | 2026-Q1 |
| CWM, LLC added | 1,079,191 | $57M | 0.4% | 2026-Q1 |
| Washington Trust Bank trimmed | 1,077,890 | $57M | 0.4% | 2026-Q1 |
| Smartleaf Asset Management LLC added | 1,083,909 | $56M | 0.4% | 2026-Q1 |
| MASECO LLP trimmed | 1,017,209 | $54M | 0.4% | 2026-Q1 |
| EARNED WEALTH ADVISORS, LLC added | 1,010,586 | $53M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,007,846 | $53M | 0.4% | 2026-Q1 |
| Verus Financial Partners, Inc. trimmed | 846,737 | $47M | 0.4% | 2026-Q1 |
| KEB ASSET MANAGEMENT, LLC added | 886,759 | $47M | 0.4% | 2026-Q1 |
| Root Financial Partners, LLC added | 872,659 | $46M | 0.4% | 2026-Q1 |
| Mariner, LLC added | 852,136 | $45M | 0.4% | 2026-Q1 |
| SAX WEALTH ADVISORS, LLC trimmed | 896,241 | $45M | 0.4% | 2026-Q1 |
| Strategic Financial Services, Inc. trimmed | 833,500 | $44M | 0.3% | 2026-Q1 |
| ECLECTIC ASSOCIATES INC /ADV added | 791,320 | $42M | 0.3% | 2026-Q1 |
| Parkwoods Wealth Partners, LLC added | 768,451 | $41M | 0.3% | 2026-Q1 |
| Wealth Architects, LLC trimmed | 725,927 | $38M | 0.3% | 2026-Q1 |
| Premier Financial Group trimmed | 705,161 | $38M | 0.3% | 2026-Q1 |
| Equitable Holdings, Inc. added | 756,132 | $38M | 0.3% | 2026-Q1 |
| TruWealth Advisors, LLC added | 713,549 | $38M | 0.3% | 2026-Q1 |
| McGlone Suttner Wealth Management, Inc. trimmed | 704,008 | $37M | 0.3% | 2026-Q1 |
| Vise Technologies, Inc. | 732,975 | $37M | 0.3% | 2026-Q1 |
| Pallas Capital Advisors LLC trimmed | 689,853 | $36M | 0.3% | 2026-Q1 |
| Forvis Mazars Wealth Advisors, LLC trimmed | 684,218 | $36M | 0.3% | 2026-Q1 |
| Planning Center, Inc. trimmed | 673,881 | $36M | 0.3% | 2026-Q1 |
| Hudock, Inc. added | 663,381 | $35M | 0.3% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 663,299 | $35M | 0.3% | 2026-Q1 |
| Trinity Financial Advisors LLC added | 662,168 | $35M | 0.3% | 2026-Q1 |
| LANDAAS & CO /WI /ADV added | 632,114 | $33M | 0.3% | 2026-Q1 |
| FIDUCIARY FINANCIAL GROUP, LLC added | 607,270 | $32M | 0.3% | 2026-Q1 |
| Quent Capital, LLC added | 596,056 | $31M | 0.2% | 2026-Q1 |
| TOBIAS FINANCIAL ADVISORS, INC. added | 596,017 | $31M | 0.2% | 2026-Q1 |
| Hill Investment Group Partners, LLC trimmed | 593,757 | $31M | 0.2% | 2026-Q1 |
| M Holdings Securities, Inc. added | 595,886 | $31M | 0.2% | 2026-Q1 |
| Three Arch Wealth Management LLC trimmed | 585,418 | $31M | 0.2% | 2026-Q1 |
| SACHEM HILL LLC trimmed | 573,203 | $30M | 0.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 585,672 | $30M | 0.2% | 2026-Q1 |
| Baird Financial Group, Inc. added | 564,454 | $30M | 0.2% | 2026-Q1 |
| PEAPACK GLADSTONE FINANCIAL CORP added | 552,214 | $29M | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 532,513 | $28M | 0.2% | 2026-Q1 |
| Allworth Financial LP trimmed | 518,438 | $27M | 0.2% | 2026-Q1 |
| Acropolis Investment Management, LLC trimmed | 508,589 | $27M | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 486,448 | $26M | 0.2% | 2026-Q1 |
| First Command Advisory Services, Inc. added | 483,191 | $26M | 0.2% | 2026-Q1 |
| Financially in Tune, LLC added | 447,138 | $24M | 0.2% | 2026-Q1 |
| COWA, LLC added | 443,679 | $23M | 0.2% | 2026-Q1 |
| Factor Wealth Management LTD added | 441,858 | $23M | 0.2% | 2026-Q1 |
| BAYSHORE ASSET MANAGEMENT, LLC trimmed | 439,261 | $23M | 0.2% | 2026-Q1 |
| PINNEY & SCOFIELD, INC. trimmed | 424,833 | $22M | 0.2% | 2026-Q1 |
| Prism Advisors, Inc. trimmed | 417,363 | $22M | 0.2% | 2026-Q1 |
| MACQUARIE GROUP LTD added | 6,041,002 | $259M | 2.0% | 2025-Q2 stale |
| Kovitz Investment Group Partners, LLC added | 1,542,252 | $71M | 0.6% | 2025-Q3 stale |
| Willow Creek Wealth Management Inc. trimmed | 732,358 | $34M | 0.3% | 2025-Q3 stale |
| Quent Long Short Global Small Cap Fund, LP new | 566,736 | $28M | 0.2% | 2025-Q4 stale |
| Efficient Frontier Advisors LLC trimmed | 577,942 | $25M | 0.2% | 2025-Q2 stale |
| McMill Wealth Management added | 495,832 | $25M | 0.2% | 2025-Q4 stale |
| SEVEN MILE ADVISORY added | 471,905 | $24M | 0.2% | 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.