Who owns 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-Q2 13F filings (latest filed 2026-08-25). 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 2026-Q1 and 2026-Q2: 268 added or opened and 72 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 1.9% of theirs — a 0.9pp 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 2026-Q1 and 2026-Q2, across 861 tracked filers holding DFIV, 505 increased or opened the position and 298 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 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 36
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC.$108M
- Evanson Financial, LLC$77M
- Tradewinds, LLC.$13M
- AXXCESS WEALTH MANAGEMENT, LLC$13M
- MARYLAND CAPITAL ADVISORS INC.$12M
- Veratis Advisors, Inc.$9M
Full exits 41
- HighTower Advisors, LLC$178M
- Evanson Asset Management, LLC$74M
- EXENCIAL WEALTH ADVISORS, LLC$57M
- CWM, LLC$57M
- Premier Financial Group$38M
- TruWealth Advisors, LLC$38M
Largest adds
- Focus Partners Wealth$214M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$167M
- MERCER GLOBAL ADVISORS INC /ADV$119M
- EP Wealth Advisors, LLC$116M
- Savant Capital, LLC$112M
- PNC Financial Services Group, Inc.$61M
Largest trims
- Corient Private Wealth LP$96M
- Kestra Investment Management, LLC$73M
- True Link Financial Advisors, LLC$58M
- JANE STREET GROUP, LLC$43M
- Invst, LLC$16M
- Frankly Finances, LLC$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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 33,545,101 | $1.8B | 13.6% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 23,955,107 | $1.3B | 9.7% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 17,201,811 | $929M | 7.0% | 2026-Q2 |
| Focus Partners Wealth added | 17,198,028 | $929M | 7.0% | 2026-Q2 |
| Savant Capital, LLC added | 10,548,529 | $574M | 4.3% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 9,199,022 | $497M | 3.7% | 2026-Q2 |
| NORTHERN TRUST CORP added | 7,239,321 | $391M | 2.9% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC trimmed | 5,930,567 | $320M | 2.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 5,084,560 | $275M | 2.1% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 4,713,116 | $255M | 1.9% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 4,684,862 | $253M | 1.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 3,834,628 | $207M | 1.6% | 2026-Q2 |
| Plancorp, LLC added | 3,765,351 | $208M | 1.6% | 2026-Q2 |
| Cerity Partners LLC added | 3,631,961 | $196M | 1.5% | 2026-Q2 |
| Index Fund Advisors, Inc. added | 3,590,153 | $194M | 1.5% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 3,526,275 | $190M | 1.4% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 3,479,895 | $188M | 1.4% | 2026-Q2 |
| Creative Planning trimmed | 3,381,003 | $183M | 1.4% | 2026-Q2 |
| Foster Group, Inc. added | 2,937,971 | $159M | 1.2% | 2026-Q2 |
| LPL Financial LLC added | 2,748,495 | $148M | 1.1% | 2026-Q2 |
| Kestra Investment Management, LLC trimmed | 2,576,518 | $139M | 1.0% | 2026-Q2 |
| UBS Group AG added | 2,448,827 | $132M | 1.0% | 2026-Q2 |
| Modera Wealth Management, LLC added | 2,306,071 | $125M | 0.9% | 2026-Q2 |
| Confluence Wealth Services, Inc. added | 2,072,260 | $112M | 0.8% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. new | 1,998,100 | $108M | 0.8% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 1,965,098 | $106M | 0.8% | 2026-Q2 |
| Apella Capital, LLC added | 1,943,050 | $107M | 0.8% | 2026-Q2 |
| Cetera Investment Advisers added | 1,918,032 | $104M | 0.8% | 2026-Q2 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management added | 1,835,877 | $99M | 0.7% | 2026-Q2 |
| TCI Wealth Advisors, Inc. added | 1,786,134 | $96M | 0.7% | 2026-Q2 |
| Team Hewins, LLC trimmed | 1,745,668 | $94M | 0.7% | 2026-Q2 |
| JACKSON THORNTON WEALTH MANAGEMENT, LLC added | 1,610,229 | $87M | 0.7% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,543,806 | $83M | 0.6% | 2026-Q2 |
| CHOREO, LLC added | 1,477,472 | $80M | 0.6% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 1,450,974 | $80M | 0.6% | 2026-Q2 |
| Evanson Financial, LLC new | 1,430,696 | $77M | 0.6% | 2026-Q2 |
| Wealth Management Nebraska added | 1,416,453 | $77M | 0.6% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 1,306,543 | $71M | 0.5% | 2026-Q2 |
| Falcon Wealth Planning added | 1,291,418 | $70M | 0.5% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 1,245,108 | $67M | 0.5% | 2026-Q2 |
| DIXON FNANCIAL SERVICES, INC. trimmed | 1,233,662 | $67M | 0.5% | 2026-Q2 |
| Sequoia Financial Advisors, LLC trimmed | 1,217,842 | $66M | 0.5% | 2026-Q2 |
| Vise Technologies, Inc. added | 1,183,164 | $64M | 0.5% | 2026-Q2 |
| Root Financial Partners, LLC added | 1,179,895 | $64M | 0.5% | 2026-Q2 |
| EARNED WEALTH ADVISORS, LLC added | 1,163,317 | $63M | 0.5% | 2026-Q2 |
| Beaird Harris Wealth Management, LLC trimmed | 1,144,454 | $62M | 0.5% | 2026-Q2 |
| Petersen Hastings Wealth Advisors Inc. trimmed | 1,101,723 | $60M | 0.4% | 2026-Q2 |
| Smartleaf Asset Management LLC | 1,083,909 | $58M | 0.4% | 2026-Q2 |
| Washington Trust Bank trimmed | 1,058,522 | $57M | 0.4% | 2026-Q2 |
| MASECO LLP trimmed | 1,003,214 | $54M | 0.4% | 2026-Q2 |
| KEB ASSET MANAGEMENT, LLC added | 950,337 | $51M | 0.4% | 2026-Q2 |
| SAX WEALTH ADVISORS, LLC added | 943,741 | $50M | 0.4% | 2026-Q2 |
| Waverly Advisors, LLC added | 940,947 | $51M | 0.4% | 2026-Q2 |
| Mariner, LLC added | 873,528 | $47M | 0.4% | 2026-Q2 |
| Verus Financial Partners, Inc. added | 860,998 | $47M | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. added | 858,805 | $46M | 0.3% | 2026-Q2 |
| Parkwoods Wealth Partners, LLC added | 839,208 | $45M | 0.3% | 2026-Q2 |
| ECLECTIC ASSOCIATES INC /ADV added | 827,730 | $45M | 0.3% | 2026-Q2 |
| Strategic Financial Services, Inc. trimmed | 820,043 | $44M | 0.3% | 2026-Q2 |
| LANDAAS & CO /WI /ADV added | 756,140 | $41M | 0.3% | 2026-Q2 |
| Pallas Capital Advisors LLC added | 730,191 | $39M | 0.3% | 2026-Q2 |
| Wealth Architects, LLC trimmed | 707,134 | $38M | 0.3% | 2026-Q2 |
| McGlone Suttner Wealth Management, Inc. trimmed | 703,455 | $38M | 0.3% | 2026-Q2 |
| FIDUCIARY FINANCIAL GROUP, LLC added | 681,788 | $37M | 0.3% | 2026-Q2 |
| Forvis Mazars Wealth Advisors, LLC trimmed | 674,823 | $36M | 0.3% | 2026-Q2 |
| Hudock, Inc. added | 673,584 | $36M | 0.3% | 2026-Q2 |
| Planning Center, Inc. trimmed | 673,128 | $36M | 0.3% | 2026-Q2 |
| Trinity Financial Advisors LLC added | 668,402 | $36M | 0.3% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 668,302 | $36M | 0.3% | 2026-Q2 |
| Quent Capital, LLC added | 658,997 | $36M | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. added | 616,504 | $33M | 0.2% | 2026-Q2 |
| TOBIAS FINANCIAL ADVISORS, INC. added | 610,701 | $33M | 0.2% | 2026-Q2 |
| Three Arch Wealth Management LLC added | 602,821 | $33M | 0.2% | 2026-Q2 |
| B&D White Capital Company, LLC added | 587,103 | $32M | 0.2% | 2026-Q2 |
| Hill Investment Group Partners, LLC trimmed | 579,199 | $31M | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 574,462 | $31M | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 570,476 | $31M | 0.2% | 2026-Q2 |
| SACHEM HILL LLC trimmed | 566,016 | $31M | 0.2% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 549,682 | $30M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 513,667 | $28M | 0.2% | 2026-Q2 |
| Acropolis Investment Management, LLC trimmed | 508,319 | $27M | 0.2% | 2026-Q2 |
| Allworth Financial LP trimmed | 507,224 | $27M | 0.2% | 2026-Q2 |
| Factor Wealth Management LTD added | 500,179 | $27M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 456,692 | $25M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 451,840 | $24M | 0.2% | 2026-Q2 |
| First Command Advisory Services, Inc. trimmed | 449,915 | $24M | 0.2% | 2026-Q2 |
| BAYSHORE ASSET MANAGEMENT, LLC added | 439,280 | $24M | 0.2% | 2026-Q2 |
| COWA, LLC trimmed | 432,023 | $23M | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 429,826 | $23M | 0.2% | 2026-Q2 |
| PINNEY & SCOFIELD, INC. trimmed | 424,299 | $23M | 0.2% | 2026-Q2 |
| Wescott Financial Advisory Group, LLC added | 418,590 | $23M | 0.2% | 2026-Q2 |
| MASON STREET ADVISORS, LLC added | 414,285 | $22M | 0.2% | 2026-Q2 |
| Disciplined Equity Management, Inc. added | 413,227 | $22M | 0.2% | 2026-Q2 |
| Squire Investment Management Company, LLC added | 412,587 | $22M | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 401,959 | $22M | 0.2% | 2026-Q2 |
| FISCHER INVESTMENT STRATEGIES, LLC added | 399,195 | $22M | 0.2% | 2026-Q2 |
| VESTIA PERSONAL WEALTH ADVISORS added | 398,814 | $22M | 0.2% | 2026-Q2 |
| LRI Investments, LLC trimmed | 384,826 | $21M | 0.2% | 2026-Q2 |
| DOPKINS WEALTH MANAGEMENT, LLC trimmed | 382,231 | $21M | 0.2% | 2026-Q2 |
| MARKET STREET WEALTH MANAGEMENT ADVISORS LLC added | 377,359 | $20M | 0.2% | 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.