Who owns DFSD (DFSD)
Which tracked institutional funds hold DFSD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFSD 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 DFSD is one-sided between 2025-Q4 and 2026-Q1: 170 added or opened and 48 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
DFSD’s largest tracked holder by dollar value, Focus Partners Wealth, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 4.7% of theirs — a 4.4pp gap the other way — the median holder sizes DFSD more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFSD 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 423 tracked filers holding DFSD, 307 increased or opened the position and 107 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 DFSD 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 19
- Elser Financial Planning, Inc$37M
- STEVENS CAPITAL PARTNERS$12M
- Wilkerson Advisory Group LLC$11M
- Ocean Park Asset Management, LLC$10M
- AA Financial Advisors, LLC$9M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$5M
Full exits 15
- Grunden Financial Advisory, Inc.$25M
- Tortoise Investment Management, LLC$6M
- Thrivent Financial for Lutherans$4M
- SageView Advisory Group, LLC$3M
- Austin Private Wealth, LLC$3M
- MARYLAND CAPITAL ADVISORS INC.$3M
Largest adds
- Focus Partners Advisor Solutions, LLC$191M
- Apella Capital, LLC$37M
- Allworth Financial LP$32M
- Focus Partners Wealth$32M
- Root Financial Partners, LLC$24M
- Great Waters Wealth Management$11M
Largest trims
- EverSource Wealth Advisors, LLC$7M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$7M
- Savant Capital, LLC$6M
- Beaird Harris Wealth Management, LLC$5M
- XY Planning Network, Inc.$3M
- Henrickson Nauta Wealth Advisors, 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 |
|---|---|---|---|---|
| Focus Partners Wealth added | 6,122,105 | $293M | 6.6% | 2026-Q1 |
| Apella Capital, LLC added | 5,246,327 | $253M | 5.7% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 5,126,922 | $245M | 5.5% | 2026-Q1 |
| Savant Capital, LLC trimmed | 3,903,965 | $187M | 4.2% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 3,699,843 | $177M | 4.0% | 2026-Q1 |
| Beaird Harris Wealth Management, LLC trimmed | 3,109,706 | $149M | 3.3% | 2026-Q1 |
| Root Financial Partners, LLC added | 2,991,136 | $143M | 3.2% | 2026-Q1 |
| Planning Center, Inc. added | 2,808,255 | $134M | 3.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,418,971 | $116M | 2.6% | 2026-Q1 |
| Vise Technologies, Inc. | 2,274,567 | $109M | 2.4% | 2026-Q1 |
| DiNuzzo Private Wealth, Inc. trimmed | 2,041,183 | $98M | 2.2% | 2026-Q1 |
| HighTower Advisors, LLC added | 1,968,903 | $94M | 2.1% | 2026-Q1 |
| Great Waters Wealth Management added | 1,783,924 | $85M | 1.9% | 2026-Q1 |
| PHILLIPS FINANCIAL MANAGEMENT, LLC trimmed | 1,714,301 | $82M | 1.8% | 2026-Q1 |
| Rachor Investment Advisory Services, LLC added | 1,452,715 | $70M | 1.6% | 2026-Q1 |
| Diversified Portfolios, Inc. added | 1,336,422 | $64M | 1.4% | 2026-Q1 |
| Rather & Kittrell, Inc. added | 1,332,011 | $64M | 1.4% | 2026-Q1 |
| McIlrath & Eck, LLC added | 1,297,305 | $62M | 1.4% | 2026-Q1 |
| MARKET STREET WEALTH MANAGEMENT ADVISORS LLC added | 1,245,625 | $60M | 1.3% | 2026-Q1 |
| WPWealth LLP added | 1,209,899 | $58M | 1.3% | 2026-Q1 |
| ASSETMARK, INC trimmed | 1,190,826 | $57M | 1.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,182,831 | $57M | 1.3% | 2026-Q1 |
| Ruedi Wealth Management, Inc. added | 1,097,303 | $53M | 1.2% | 2026-Q1 |
| RAM Investment Partners, LLC added | 998,462 | $48M | 1.1% | 2026-Q1 |
| CURIO WEALTH, LLC added | 958,276 | $46M | 1.0% | 2026-Q1 |
| Allworth Financial LP added | 935,707 | $45M | 1.0% | 2026-Q1 |
| Altiora Financial Group, LLC trimmed | 922,515 | $44M | 1.0% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 917,818 | $44M | 1.0% | 2026-Q1 |
| Financial Plan, Inc. added | 917,141 | $44M | 1.0% | 2026-Q1 |
| 55 North Private Wealth, LLC added | 879,329 | $42M | 0.9% | 2026-Q1 |
| Signature Resources Capital Management, LLC added | 773,080 | $37M | 0.8% | 2026-Q1 |
| Elser Financial Planning, Inc added | 772,713 | $37M | 0.8% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC trimmed | 769,712 | $37M | 0.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 751,650 | $36M | 0.8% | 2026-Q1 |
| MASECO LLP added | 738,839 | $35M | 0.8% | 2026-Q1 |
| Wealthquest Corp | 731,031 | $35M | 0.8% | 2026-Q1 |
| ECLECTIC ASSOCIATES INC /ADV added | 686,064 | $33M | 0.7% | 2026-Q1 |
| Wheelhouse Advisory Group LLC added | 617,530 | $30M | 0.7% | 2026-Q1 |
| Mattern Wealth Management LLC added | 603,374 | $29M | 0.6% | 2026-Q1 |
| GREAT OAK CAPITAL PARTNERS, LLC added | 595,719 | $29M | 0.6% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 568,116 | $27M | 0.6% | 2026-Q1 |
| Valued Wealth Advisors LLC added | 557,734 | $27M | 0.6% | 2026-Q1 |
| NORTHWEST WEALTH MANAGEMENT, LLC added | 554,913 | $27M | 0.6% | 2026-Q1 |
| Allegiance Financial Group Advisory Services LLC added | 511,899 | $25M | 0.5% | 2026-Q1 |
| JACKSON THORNTON WEALTH MANAGEMENT, LLC added | 506,382 | $24M | 0.5% | 2026-Q1 |
| Sterling Wealth Advisors Inc added | 500,013 | $24M | 0.5% | 2026-Q1 |
| Keyes, Stange & Wooten Wealth Management, LLC trimmed | 492,749 | $24M | 0.5% | 2026-Q1 |
| SC&H Financial Advisors, Inc. added | 484,186 | $23M | 0.5% | 2026-Q1 |
| Vestment Financial LLC added | 477,806 | $23M | 0.5% | 2026-Q1 |
| LEGACY FINANCIAL GROUP, INC. added | 467,314 | $22M | 0.5% | 2026-Q1 |
| CPA Asset Management Group, LLC added | 456,710 | $22M | 0.5% | 2026-Q1 |
| Cornerstone Wealth Partners, LLC added | 456,631 | $22M | 0.5% | 2026-Q1 |
| SJS Investment Consulting Inc. added | 455,308 | $22M | 0.5% | 2026-Q1 |
| Guardian Wealth Management, LLC added | 449,187 | $22M | 0.5% | 2026-Q1 |
| Parkwoods Wealth Partners, LLC added | 445,859 | $21M | 0.5% | 2026-Q1 |
| Pacific Asset Management, LLC added | 419,016 | $20M | 0.4% | 2026-Q1 |
| Wolfstich Capital, LLC trimmed | 409,693 | $20M | 0.4% | 2026-Q1 |
| Verisail Partners, LLC added | 406,326 | $19M | 0.4% | 2026-Q1 |
| SageOak Financial, LLC added | 401,283 | $19M | 0.4% | 2026-Q1 |
| AWM CAPITAL, LLC added | 395,960 | $19M | 0.4% | 2026-Q1 |
| INTEGRITY ALLIANCE, LLC. trimmed | 390,017 | $19M | 0.4% | 2026-Q1 |
| Nova R Wealth, Inc. added | 389,213 | $19M | 0.4% | 2026-Q1 |
| AlphaStar Capital Management, LLC added | 387,081 | $19M | 0.4% | 2026-Q1 |
| Onyx Financial Advisors, LLC added | 386,210 | $18M | 0.4% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 386,011 | $18M | 0.4% | 2026-Q1 |
| Sterling Wealth Management, Inc. added | 376,697 | $18M | 0.4% | 2026-Q1 |
| Three Arch Wealth Management LLC added | 376,227 | $18M | 0.4% | 2026-Q1 |
| BCU Wealth Advisors, LLC added | 373,992 | $18M | 0.4% | 2026-Q1 |
| Pine Harbor Wealth Management, LLC added | 368,343 | $18M | 0.4% | 2026-Q1 |
| Tillman Hartley LLC trimmed | 366,761 | $18M | 0.4% | 2026-Q1 |
| Factor Wealth Management LTD added | 361,141 | $17M | 0.4% | 2026-Q1 |
| BCO Wealth Management LLC added | 358,326 | $17M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 347,186 | $17M | 0.4% | 2026-Q1 |
| Cornerstone Management, Inc. added | 343,315 | $16M | 0.4% | 2026-Q1 |
| Brady Martz Wealth Solutions, LLC added | 341,176 | $16M | 0.4% | 2026-Q1 |
| LPL Financial LLC trimmed | 338,855 | $16M | 0.4% | 2026-Q1 |
| One Degree Advisors Inc added | 336,546 | $16M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 332,486 | $16M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 326,456 | $16M | 0.4% | 2026-Q1 |
| Foundry Financial LLC added | 310,786 | $15M | 0.3% | 2026-Q1 |
| Kondo Wealth Advisors, Inc. added | 310,103 | $15M | 0.3% | 2026-Q1 |
| LIBERTY WEALTH MANAGEMENT LLC added | 309,664 | $15M | 0.3% | 2026-Q1 |
| Integrity Advisory Solutions, LLC added | 306,761 | $15M | 0.3% | 2026-Q1 |
| STUDIO INVESTMENT MANAGEMENT LLC | 305,609 | $15M | 0.3% | 2026-Q1 |
| DRAVO BAY LLC added | 303,032 | $15M | 0.3% | 2026-Q1 |
| Oceanside Advisors LLC added | 300,494 | $14M | 0.3% | 2026-Q1 |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors added | 296,727 | $14M | 0.3% | 2026-Q1 |
| CLIENT 1ST ADVISORY GROUP, LLC added | 296,608 | $14M | 0.3% | 2026-Q1 |
| Parkshore Wealth Management, Inc. added | 285,037 | $14M | 0.3% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 284,484 | $14M | 0.3% | 2026-Q1 |
| Shira Ridge Wealth Management added | 283,230 | $14M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 278,896 | $13M | 0.3% | 2026-Q1 |
| SAX WEALTH ADVISORS, LLC | 274,325 | $13M | 0.3% | 2026-Q1 |
| Torren Management, LLC added | 274,652 | $13M | 0.3% | 2026-Q1 |
| Waverly Advisors, LLC trimmed | 272,865 | $13M | 0.3% | 2026-Q1 |
| Johnson Wealth Management, LLC added | 270,080 | $13M | 0.3% | 2026-Q1 |
| Stratos Investment Management, LLC added | 267,886 | $13M | 0.3% | 2026-Q1 |
| Hemington Wealth Management added | 626,433 | $30M | 0.7% | 2025-Q3 stale |
| Grunden Financial Advisory, Inc. added | 514,517 | $25M | 0.6% | 2025-Q4 stale |
| David Wealth Management LLC added | 360,829 | $17M | 0.4% | 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.