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Institutional Ownership · SEC Form 13F

Who owns DFNM (DFNM)


Which tracked institutional funds hold DFNM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFNM 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.

273
Institutional holders
36,284,369
Shares held (tracked funds)

How the tape is positioned

66 tracked funds added or opened DFNM while 36 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

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

DFNM’s largest tracked holder by dollar value, Focus Partners Wealth, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 1.5% of theirs — a 1.2pp gap the other way — the median holder sizes DFNM more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in DFNM 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 273 tracked filers holding DFNM, 181 increased or opened the position and 82 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 DFNM 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 8

  • Concurrent Investment Advisors, LLC$9M
  • RW Investment Management LLC$8M
  • Applied Capital LLC$1M
  • SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
  • Partners in Financial Planning$765K
  • &PARTNERS$738K

Full exits 15

  • MARYLAND CAPITAL ADVISORS INC.$7M
  • Elequin Capital, LP$5M
  • E-Wealth Partners, LLC$5M
  • SEVEN MILE ADVISORY$3M
  • Timonier Family Office, LTD.$2M
  • OLD MISSION CAPITAL LLC$2M

Largest adds

  • Focus Partners Advisor Solutions, LLC$57M
  • Apella Capital, LLC$31M
  • Focus Partners Wealth$26M
  • Graves Light Lenhart Wealth, Inc.$6M
  • Truepoint, Inc.$5M
  • Allworth Financial LP$5M

Largest trims

  • Savant Capital, LLC$10M
  • Austin Wealth Management, LLC$9M
  • WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$7M
  • HighTower Advisors, LLC$5M
  • OSAIC HOLDINGS, INC.$4M
  • Beaird Harris Wealth Management, LLC$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).

FundSharesReported value% of valueQuarter
Focus Partners Wealth added4,221,880$202M12.2%2026-Q1
Truepoint, Inc. added3,095,714$148M8.9%2026-Q1
Foster Group, Inc. trimmed1,460,226$70M4.2%2026-Q1
Apella Capital, LLC added1,320,176$64M3.8%2026-Q1
Symmetry Partners, LLC trimmed1,317,339$63M3.8%2026-Q1
Focus Partners Advisor Solutions, LLC added1,203,351$57M3.5%2026-Q1
Rather & Kittrell, Inc. added894,173$43M2.6%2026-Q1
GeoWealth Management, LLC trimmed881,082$42M2.5%2026-Q1
Sequoia Financial Advisors, LLC added880,025$42M2.5%2026-Q1
Beaird Harris Wealth Management, LLC trimmed795,703$38M2.3%2026-Q1
Pathstone Holdings, LLC trimmed788,243$38M2.3%2026-Q1
MBL Wealth, LLC added739,735$35M2.1%2026-Q1
AWM CAPITAL, LLC added718,457$34M2.1%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added653,394$31M1.9%2026-Q1
HighTower Advisors, LLC trimmed589,440$28M1.7%2026-Q1
Waterford Advisors, LLC added536,335$25M1.5%2026-Q1
Mattern Wealth Management LLC trimmed530,248$25M1.5%2026-Q1
LPL Financial LLC added518,554$25M1.5%2026-Q1
RAM Investment Partners, LLC added516,432$25M1.5%2026-Q1
Graves Light Lenhart Wealth, Inc. added482,789$23M1.4%2026-Q1
ASPIRIANT, LLC added428,736$21M1.2%2026-Q1
BANK OF AMERICA CORP /DE/ added418,517$20M1.2%2026-Q1
HFM Investment Advisors, LLC trimmed358,188$17M1.0%2026-Q1
ASSETMARK, INC trimmed332,594$16M1.0%2026-Q1
Austin Wealth Management, LLC trimmed327,330$16M0.9%2026-Q1
Vestment Financial LLC added320,538$16M0.9%2026-Q1
Yardley Wealth Management LLC added320,613$15M0.9%2026-Q1
Savant Capital, LLC trimmed310,743$15M0.9%2026-Q1
Wheelhouse Advisory Group LLC added276,943$13M0.8%2026-Q1
Strathmore Capital Advisors, Inc. trimmed270,876$13M0.8%2026-Q1
Resonant Capital Advisors, LLC trimmed270,450$13M0.8%2026-Q1
Brady Martz Wealth Solutions, LLC added247,711$12M0.7%2026-Q1
DOPKINS WEALTH MANAGEMENT, LLC added239,917$11M0.7%2026-Q1
Allworth Financial LP added227,614$11M0.7%2026-Q1
ENTREWEALTH, LLC added213,809$10M0.6%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed208,369$10M0.6%2026-Q1
25 LLC added208,063$10M0.6%2026-Q1
CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed205,362$10M0.6%2026-Q1
Integrated Wealth Concepts LLC added204,700$10M0.6%2026-Q1
Vested Financial Planning, LLC trimmed202,623$10M0.6%2026-Q1
West Financial Advisors, LLC added201,939$10M0.6%2026-Q1
Citrine Capital LLC added192,884$9M0.6%2026-Q1
Concurrent Investment Advisors, LLC new192,157$9M0.6%2026-Q1
Guardian Wealth Management, LLC added186,884$9M0.5%2026-Q1
Plancorp, LLC added175,945$8M0.5%2026-Q1
Porter White Investment Advisors, Inc. added169,995$8M0.5%2026-Q1
RW Investment Management LLC added165,862$8M0.5%2026-Q1
Compass Financial Group, Inc. trimmed165,382$8M0.5%2026-Q1
VESTIA PERSONAL WEALTH ADVISORS added147,771$7M0.4%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added138,602$7M0.4%2026-Q1
Core Wealth Management, Inc. added138,331$7M0.4%2026-Q1
JPMORGAN CHASE & CO added135,532$6M0.4%2026-Q1
United Wealth Management, LLC added133,269$6M0.4%2026-Q1
Mills Wealth Advisors LLC added129,820$6M0.4%2026-Q1
55 North Private Wealth, LLC added118,705$6M0.3%2026-Q1
COLLECTIVE FAMILY OFFICE LLC trimmed116,507$6M0.3%2026-Q1
Johnson Wealth Management, LLC added115,379$6M0.3%2026-Q1
BCO Wealth Management LLC added108,280$5M0.3%2026-Q1
Aspen Wealth Management LLC added104,427$5M0.3%2026-Q1
SENTINEL WEALTH MANAGEMENT, INC.102,851$5M0.3%2026-Q1
Tillman Hartley LLC added101,853$5M0.3%2026-Q1
MAINSAIL ASSET MANAGEMENT, LLC added101,469$5M0.3%2026-Q1
American Investment Services, Inc. added98,018$5M0.3%2026-Q1
Forza Wealth Management, LLC97,500$5M0.3%2026-Q1
Penney Financial, LLC added97,028$5M0.3%2026-Q1
Verus Financial Partners, Inc. added95,785$5M0.3%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV added88,267$4M0.3%2026-Q1
DiNuzzo Private Wealth, Inc. added86,095$4M0.2%2026-Q1
STIFEL FINANCIAL CORP added82,947$4M0.2%2026-Q1
Washington Trust Advisors, Inc. added82,087$4M0.2%2026-Q1
Corient Private Wealth LLC added81,797$4M0.2%2026-Q1
Wescott Financial Advisory Group, LLC added80,292$4M0.2%2026-Q1
Root Financial Partners, LLC added76,596$4M0.2%2026-Q1
SCRATCH CAPITAL LLC added73,506$4M0.2%2026-Q1
Modera Wealth Management, LLC added70,793$3M0.2%2026-Q1
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors added70,009$3M0.2%2026-Q1
Aurelius Family Office LLC added69,535$3M0.2%2026-Q1
Vermillion Wealth Management, Inc. added69,082$3M0.2%2026-Q1
QUARRY HILL ADVISORS, LLC added67,892$3M0.2%2026-Q1
TRUIST FINANCIAL CORP added66,952$3M0.2%2026-Q1
Summit Wealth Group, LLC trimmed64,792$3M0.2%2026-Q1
Baker Avenue Asset Management, LP added63,481$3M0.2%2026-Q1
Tassel Capital Management, Inc. trimmed62,318$3M0.2%2026-Q1
TANDEMGROWTH FINANCIAL ADVISORS LLC added62,089$3M0.2%2026-Q1
OSAIC HOLDINGS, INC. trimmed61,782$3M0.2%2026-Q1
North Ridge Wealth Advisors, Inc. added61,775$3M0.2%2026-Q1
GEM Asset Management, LLC trimmed61,060$3M0.2%2026-Q1
BWM Planning, LLC added59,939$3M0.2%2026-Q1
Private Advisor Group, LLC added59,274$3M0.2%2026-Q1
Note Advisors, LLC added57,721$3M0.2%2026-Q1
MB Generational Wealth, LLC added56,793$3M0.2%2026-Q1
PBMares Wealth Management LLC added536,316$26M1.6%2025-Q3 stale
Kovitz Investment Group Partners, LLC trimmed216,090$10M0.6%2025-Q3 stale
ASSET PLANNING CORPORATION trimmed215,251$10M0.6%2025-Q3 stale
David Wealth Management LLC trimmed172,600$8M0.5%2025-Q2 stale
MARYLAND CAPITAL ADVISORS INC. added147,095$7M0.4%2025-Q4 stale
Elequin Capital, LP added99,324$5M0.3%2025-Q4 stale
E-Wealth Partners, LLC new97,114$5M0.3%2025-Q4 stale
SEVEN MILE ADVISORY66,526$3M0.2%2025-Q4 stale
PrairieView Partners, LLC trimmed66,227$3M0.2%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.

HoldersTotal shares

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.

Learn how to read institutional ownership