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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Focus Partners Wealth added | 4,221,880 | $202M | 12.2% | 2026-Q1 |
| Truepoint, Inc. added | 3,095,714 | $148M | 8.9% | 2026-Q1 |
| Foster Group, Inc. trimmed | 1,460,226 | $70M | 4.2% | 2026-Q1 |
| Apella Capital, LLC added | 1,320,176 | $64M | 3.8% | 2026-Q1 |
| Symmetry Partners, LLC trimmed | 1,317,339 | $63M | 3.8% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 1,203,351 | $57M | 3.5% | 2026-Q1 |
| Rather & Kittrell, Inc. added | 894,173 | $43M | 2.6% | 2026-Q1 |
| GeoWealth Management, LLC trimmed | 881,082 | $42M | 2.5% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 880,025 | $42M | 2.5% | 2026-Q1 |
| Beaird Harris Wealth Management, LLC trimmed | 795,703 | $38M | 2.3% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 788,243 | $38M | 2.3% | 2026-Q1 |
| MBL Wealth, LLC added | 739,735 | $35M | 2.1% | 2026-Q1 |
| AWM CAPITAL, LLC added | 718,457 | $34M | 2.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 653,394 | $31M | 1.9% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 589,440 | $28M | 1.7% | 2026-Q1 |
| Waterford Advisors, LLC added | 536,335 | $25M | 1.5% | 2026-Q1 |
| Mattern Wealth Management LLC trimmed | 530,248 | $25M | 1.5% | 2026-Q1 |
| LPL Financial LLC added | 518,554 | $25M | 1.5% | 2026-Q1 |
| RAM Investment Partners, LLC added | 516,432 | $25M | 1.5% | 2026-Q1 |
| Graves Light Lenhart Wealth, Inc. added | 482,789 | $23M | 1.4% | 2026-Q1 |
| ASPIRIANT, LLC added | 428,736 | $21M | 1.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 418,517 | $20M | 1.2% | 2026-Q1 |
| HFM Investment Advisors, LLC trimmed | 358,188 | $17M | 1.0% | 2026-Q1 |
| ASSETMARK, INC trimmed | 332,594 | $16M | 1.0% | 2026-Q1 |
| Austin Wealth Management, LLC trimmed | 327,330 | $16M | 0.9% | 2026-Q1 |
| Vestment Financial LLC added | 320,538 | $16M | 0.9% | 2026-Q1 |
| Yardley Wealth Management LLC added | 320,613 | $15M | 0.9% | 2026-Q1 |
| Savant Capital, LLC trimmed | 310,743 | $15M | 0.9% | 2026-Q1 |
| Wheelhouse Advisory Group LLC added | 276,943 | $13M | 0.8% | 2026-Q1 |
| Strathmore Capital Advisors, Inc. trimmed | 270,876 | $13M | 0.8% | 2026-Q1 |
| Resonant Capital Advisors, LLC trimmed | 270,450 | $13M | 0.8% | 2026-Q1 |
| Brady Martz Wealth Solutions, LLC added | 247,711 | $12M | 0.7% | 2026-Q1 |
| DOPKINS WEALTH MANAGEMENT, LLC added | 239,917 | $11M | 0.7% | 2026-Q1 |
| Allworth Financial LP added | 227,614 | $11M | 0.7% | 2026-Q1 |
| ENTREWEALTH, LLC added | 213,809 | $10M | 0.6% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 208,369 | $10M | 0.6% | 2026-Q1 |
| 25 LLC added | 208,063 | $10M | 0.6% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 205,362 | $10M | 0.6% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 204,700 | $10M | 0.6% | 2026-Q1 |
| Vested Financial Planning, LLC trimmed | 202,623 | $10M | 0.6% | 2026-Q1 |
| West Financial Advisors, LLC added | 201,939 | $10M | 0.6% | 2026-Q1 |
| Citrine Capital LLC added | 192,884 | $9M | 0.6% | 2026-Q1 |
| Concurrent Investment Advisors, LLC new | 192,157 | $9M | 0.6% | 2026-Q1 |
| Guardian Wealth Management, LLC added | 186,884 | $9M | 0.5% | 2026-Q1 |
| Plancorp, LLC added | 175,945 | $8M | 0.5% | 2026-Q1 |
| Porter White Investment Advisors, Inc. added | 169,995 | $8M | 0.5% | 2026-Q1 |
| RW Investment Management LLC added | 165,862 | $8M | 0.5% | 2026-Q1 |
| Compass Financial Group, Inc. trimmed | 165,382 | $8M | 0.5% | 2026-Q1 |
| VESTIA PERSONAL WEALTH ADVISORS added | 147,771 | $7M | 0.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 138,602 | $7M | 0.4% | 2026-Q1 |
| Core Wealth Management, Inc. added | 138,331 | $7M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 135,532 | $6M | 0.4% | 2026-Q1 |
| United Wealth Management, LLC added | 133,269 | $6M | 0.4% | 2026-Q1 |
| Mills Wealth Advisors LLC added | 129,820 | $6M | 0.4% | 2026-Q1 |
| 55 North Private Wealth, LLC added | 118,705 | $6M | 0.3% | 2026-Q1 |
| COLLECTIVE FAMILY OFFICE LLC trimmed | 116,507 | $6M | 0.3% | 2026-Q1 |
| Johnson Wealth Management, LLC added | 115,379 | $6M | 0.3% | 2026-Q1 |
| BCO Wealth Management LLC added | 108,280 | $5M | 0.3% | 2026-Q1 |
| Aspen Wealth Management LLC added | 104,427 | $5M | 0.3% | 2026-Q1 |
| SENTINEL WEALTH MANAGEMENT, INC. | 102,851 | $5M | 0.3% | 2026-Q1 |
| Tillman Hartley LLC added | 101,853 | $5M | 0.3% | 2026-Q1 |
| MAINSAIL ASSET MANAGEMENT, LLC added | 101,469 | $5M | 0.3% | 2026-Q1 |
| American Investment Services, Inc. added | 98,018 | $5M | 0.3% | 2026-Q1 |
| Forza Wealth Management, LLC | 97,500 | $5M | 0.3% | 2026-Q1 |
| Penney Financial, LLC added | 97,028 | $5M | 0.3% | 2026-Q1 |
| Verus Financial Partners, Inc. added | 95,785 | $5M | 0.3% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 88,267 | $4M | 0.3% | 2026-Q1 |
| DiNuzzo Private Wealth, Inc. added | 86,095 | $4M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 82,947 | $4M | 0.2% | 2026-Q1 |
| Washington Trust Advisors, Inc. added | 82,087 | $4M | 0.2% | 2026-Q1 |
| Corient Private Wealth LLC added | 81,797 | $4M | 0.2% | 2026-Q1 |
| Wescott Financial Advisory Group, LLC added | 80,292 | $4M | 0.2% | 2026-Q1 |
| Root Financial Partners, LLC added | 76,596 | $4M | 0.2% | 2026-Q1 |
| SCRATCH CAPITAL LLC added | 73,506 | $4M | 0.2% | 2026-Q1 |
| Modera Wealth Management, LLC added | 70,793 | $3M | 0.2% | 2026-Q1 |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors added | 70,009 | $3M | 0.2% | 2026-Q1 |
| Aurelius Family Office LLC added | 69,535 | $3M | 0.2% | 2026-Q1 |
| Vermillion Wealth Management, Inc. added | 69,082 | $3M | 0.2% | 2026-Q1 |
| QUARRY HILL ADVISORS, LLC added | 67,892 | $3M | 0.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 66,952 | $3M | 0.2% | 2026-Q1 |
| Summit Wealth Group, LLC trimmed | 64,792 | $3M | 0.2% | 2026-Q1 |
| Baker Avenue Asset Management, LP added | 63,481 | $3M | 0.2% | 2026-Q1 |
| Tassel Capital Management, Inc. trimmed | 62,318 | $3M | 0.2% | 2026-Q1 |
| TANDEMGROWTH FINANCIAL ADVISORS LLC added | 62,089 | $3M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 61,782 | $3M | 0.2% | 2026-Q1 |
| North Ridge Wealth Advisors, Inc. added | 61,775 | $3M | 0.2% | 2026-Q1 |
| GEM Asset Management, LLC trimmed | 61,060 | $3M | 0.2% | 2026-Q1 |
| BWM Planning, LLC added | 59,939 | $3M | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC added | 59,274 | $3M | 0.2% | 2026-Q1 |
| Note Advisors, LLC added | 57,721 | $3M | 0.2% | 2026-Q1 |
| MB Generational Wealth, LLC added | 56,793 | $3M | 0.2% | 2026-Q1 |
| PBMares Wealth Management LLC added | 536,316 | $26M | 1.6% | 2025-Q3 stale |
| Kovitz Investment Group Partners, LLC trimmed | 216,090 | $10M | 0.6% | 2025-Q3 stale |
| ASSET PLANNING CORPORATION trimmed | 215,251 | $10M | 0.6% | 2025-Q3 stale |
| David Wealth Management LLC trimmed | 172,600 | $8M | 0.5% | 2025-Q2 stale |
| MARYLAND CAPITAL ADVISORS INC. added | 147,095 | $7M | 0.4% | 2025-Q4 stale |
| Elequin Capital, LP added | 99,324 | $5M | 0.3% | 2025-Q4 stale |
| E-Wealth Partners, LLC new | 97,114 | $5M | 0.3% | 2025-Q4 stale |
| SEVEN MILE ADVISORY | 66,526 | $3M | 0.2% | 2025-Q4 stale |
| PrairieView Partners, LLC trimmed | 66,227 | $3M | 0.2% | 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.
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.