Who owns DFSE
Which tracked institutional funds hold DFSE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFSE company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-20). 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 DFSE is one-sided between 2026-Q1 and 2026-Q2: 51 added or opened and 13 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
DFSE’s largest tracked holder by dollar value, AWM CAPITAL, LLC, sizes it at 3.2% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 3.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DFSE 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 177 tracked filers holding DFSE, 92 increased or opened the position and 80 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 DFSE 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 5
- Wealthspire Advisors, LLC$9M
- BRIGHTON JONES LLC$4M
- Laird Norton Wetherby Trust Company, LLC$2M
- Clarity Wealth Development LLC$2M
- BEACON HILL WEALTH MANAGEMENT LTD.$1M
Full exits 10
- Navigoe, LLC$2M
- FLOW TRADERS U.S. LLC$1M
- OLD MISSION CAPITAL LLC$1M
- Betterment LLC$1M
- SOL Capital Management CO$1M
- Broadhurst Jeffrey B$974K
Largest adds
- Pathstone Holdings, LLC$9M
- AWM CAPITAL, LLC$8M
- MASECO LLP$4M
- Focus Partners Wealth$4M
- Savant Capital, LLC$4M
- Five Oceans Advisors$3M
Largest trims
- JANE STREET GROUP, LLC$3M
- Greenspring Advisors, LLC$2M
- Addison Advisors LLC$622K
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 |
|---|---|---|---|---|
| AWM CAPITAL, LLC added | 821,857 | $40M | 9.2% | 2026-Q2 |
| Pathstone Holdings, LLC added | 673,453 | $33M | 7.5% | 2026-Q2 |
| MASECO LLP added | 594,139 | $29M | 6.6% | 2026-Q2 |
| Focus Partners Wealth added | 569,426 | $28M | 6.3% | 2026-Q2 |
| Quantum Financial Advisors, LLC trimmed | 528,686 | $26M | 5.9% | 2026-Q2 |
| Five Oceans Advisors added | 442,368 | $22M | 4.9% | 2026-Q2 |
| Forum Financial Management, LP trimmed | 365,681 | $18M | 4.1% | 2026-Q2 |
| Citrine Capital LLC trimmed | 323,640 | $16M | 3.6% | 2026-Q2 |
| Abacus Wealth Partners, LLC trimmed | 317,897 | $16M | 3.5% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 307,473 | $15M | 3.4% | 2026-Q2 |
| Savant Capital, LLC added | 262,183 | $13M | 2.9% | 2026-Q2 |
| Retirement Solution LLC trimmed | 256,769 | $13M | 2.9% | 2026-Q2 |
| Wealthspire Advisors, LLC new | 191,799 | $9M | 2.1% | 2026-Q2 |
| Wealth Architects, LLC trimmed | 154,990 | $8M | 1.7% | 2026-Q2 |
| Elser Financial Planning, Inc trimmed | 126,249 | $6M | 1.4% | 2026-Q2 |
| SACHEM HILL LLC trimmed | 123,011 | $6M | 1.4% | 2026-Q2 |
| Francis Financial, Inc. added | 109,210 | $5M | 1.2% | 2026-Q2 |
| Pure Financial Advisors, LLC trimmed | 104,452 | $5M | 1.2% | 2026-Q2 |
| Apella Capital, LLC added | 102,996 | $5M | 1.1% | 2026-Q2 |
| BRIGHTON JONES LLC added | 91,148 | $4M | 1.0% | 2026-Q2 |
| Greenspring Advisors, LLC trimmed | 91,141 | $4M | 1.0% | 2026-Q2 |
| TCI Wealth Advisors, Inc. trimmed | 84,357 | $4M | 0.9% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 84,065 | $4M | 0.9% | 2026-Q2 |
| Balanced Rock Investment Advisors LLC trimmed | 81,686 | $4M | 0.9% | 2026-Q2 |
| RAM Investment Partners, LLC added | 78,545 | $4M | 0.9% | 2026-Q2 |
| Allodium Investment Consultants, LLC trimmed | 77,097 | $4M | 0.9% | 2026-Q2 |
| DRIVE WEALTH MANAGEMENT, LLC trimmed | 72,657 | $4M | 0.8% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 68,228 | $3M | 0.8% | 2026-Q2 |
| New Capital Management LP trimmed | 67,834 | $3M | 0.8% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 66,534 | $3M | 0.7% | 2026-Q2 |
| Cerity Partners LLC added | 65,090 | $3M | 0.7% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC added | 63,340 | $3M | 0.7% | 2026-Q2 |
| Asset Dedication, LLC trimmed | 62,293 | $3M | 0.7% | 2026-Q2 |
| Perigon Wealth Management, LLC trimmed | 59,449 | $3M | 0.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 59,016 | $3M | 0.7% | 2026-Q2 |
| HILL ISLAND FINANCIAL LLC | 55,204 | $3M | 0.6% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 53,535 | $3M | 0.6% | 2026-Q2 |
| Equita Financial Network, Inc. added | 52,655 | $3M | 0.6% | 2026-Q2 |
| QUARRY HILL ADVISORS, LLC added | 52,268 | $3M | 0.6% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 50,694 | $2M | 0.6% | 2026-Q2 |
| Laird Norton Wetherby Trust Company, LLC new | 49,725 | $2M | 0.6% | 2026-Q2 |
| Klaas Financial Asset Advisors, LLC trimmed | 47,886 | $2M | 0.5% | 2026-Q2 |
| Triune Financial Partners, LLC trimmed | 44,576 | $2M | 0.5% | 2026-Q2 |
| Cordant, Inc. added | 38,343 | $2M | 0.4% | 2026-Q2 |
| Simplicity Wealth,LLC added | 37,709 | $2M | 0.4% | 2026-Q2 |
| Planning Center, Inc. trimmed | 35,784 | $2M | 0.4% | 2026-Q2 |
| RW Investment Management LLC added | 34,137 | $2M | 0.4% | 2026-Q2 |
| Longview Financial Advisors LLC trimmed | 34,136 | $2M | 0.4% | 2026-Q2 |
| Clarity Wealth Development LLC new | 33,627 | $2M | 0.4% | 2026-Q2 |
| Truepoint, Inc. trimmed | 29,629 | $1M | 0.3% | 2026-Q2 |
| Cambridge Financial Group, LLC added | 28,925 | $1M | 0.3% | 2026-Q2 |
| MISSION WEALTH MANAGEMENT, LP added | 26,554 | $1M | 0.3% | 2026-Q2 |
| Burton Enright Welch trimmed | 25,287 | $1M | 0.3% | 2026-Q2 |
| BROWN ADVISORY INC added | 24,647 | $1M | 0.3% | 2026-Q2 |
| BEACON HILL WEALTH MANAGEMENT LTD. new | 24,539 | $1M | 0.3% | 2026-Q2 |
| Rockbridge Investment Management, LCC trimmed | 21,269 | $1M | 0.2% | 2026-Q2 |
| SeedSafe Financial LLC | 20,711 | $1M | 0.2% | 2026-Q2 |
| Henrickson Nauta Wealth Advisors, Inc. added | 20,467 | $1M | 0.2% | 2026-Q2 |
| Modera Wealth Management, LLC added | 20,133 | $984K | 0.2% | 2026-Q2 |
| Momentous Wealth Management, Inc. trimmed | 19,979 | $977K | 0.2% | 2026-Q2 |
| Cardinal Point Capital Management ULC trimmed | 19,898 | $973K | 0.2% | 2026-Q2 |
| SEVEN MILE ADVISORY trimmed | 19,663 | $961K | 0.2% | 2026-Q2 |
| Aspen Capital Management, LLC trimmed | 19,473 | $952K | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 19,359 | $946K | 0.2% | 2026-Q2 |
| Meritas Wealth Management, LLC trimmed | 19,139 | $936K | 0.2% | 2026-Q2 |
| MB Generational Wealth, LLC trimmed | 18,883 | $923K | 0.2% | 2026-Q2 |
| Morling Financial Advisors, LLC trimmed | 18,361 | $897K | 0.2% | 2026-Q2 |
| NWAM LLC added | 18,260 | $893K | 0.2% | 2026-Q2 |
| Sequoia Financial Advisors, LLC added | 17,942 | $877K | 0.2% | 2026-Q2 |
| Wheels Up Wealth, Inc. trimmed | 16,198 | $792K | 0.2% | 2026-Q2 |
| NewEdge Wealth, LLC | 15,513 | $758K | 0.2% | 2026-Q2 |
| Creative Capital Management Investments LLC | 15,143 | $740K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 14,977 | $732K | 0.2% | 2026-Q2 |
| LPL Financial LLC added | 14,638 | $715K | 0.2% | 2026-Q2 |
| Northland Capital Management LLC trimmed | 14,439 | $706K | 0.2% | 2026-Q2 |
| Root Financial Partners, LLC added | 13,960 | $682K | 0.2% | 2026-Q2 |
| Vise Technologies, Inc. added | 13,960 | $682K | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 13,698 | $670K | 0.2% | 2026-Q2 |
| Foster Group, Inc. trimmed | 13,685 | $669K | 0.2% | 2026-Q2 |
| XY Planning Network, Inc. added | 13,537 | $662K | 0.2% | 2026-Q2 |
| Syverson Strege & Co trimmed | 13,363 | $653K | 0.1% | 2026-Q2 |
| BetterWealth, LLC added | 13,068 | $639K | 0.1% | 2026-Q2 |
| Trellis Wealth Advisors LLC added | 12,889 | $630K | 0.1% | 2026-Q2 |
| FIDUCIARY FINANCIAL GROUP, LLC added | 12,550 | $613K | 0.1% | 2026-Q2 |
| Three Arch Wealth Management LLC added | 12,329 | $603K | 0.1% | 2026-Q2 |
| Sensenig Capital Advisors, Inc trimmed | 11,942 | $584K | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 11,839 | $579K | 0.1% | 2026-Q2 |
| Flagstone Financial Management trimmed | 11,545 | $564K | 0.1% | 2026-Q2 |
| Addison Advisors LLC trimmed | 10,971 | $536K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 10,868 | $531K | 0.1% | 2026-Q2 |
| GRAND WEALTH MANAGEMENT, LLC added | 10,693 | $523K | 0.1% | 2026-Q2 |
| Parcion Private Wealth LLC added | 10,580 | $517K | 0.1% | 2026-Q2 |
| Modern Wealth Management, LLC added | 10,534 | $515K | 0.1% | 2026-Q2 |
| Rehmann Capital Advisory Group added | 10,455 | $511K | 0.1% | 2026-Q2 |
| Heck Capital Advisors, LLC trimmed | 10,323 | $505K | 0.1% | 2026-Q2 |
| Midwest Trust Co added | 10,205 | $499K | 0.1% | 2026-Q2 |
| Babb Wealth Advisors LLC trimmed | 10,008 | $489K | 0.1% | 2026-Q2 |
| Hill Investment Group Partners, LLC trimmed | 9,335 | $456K | 0.1% | 2026-Q2 |
| Freedom Financial Partners LLC trimmed | 9,323 | $456K | 0.1% | 2026-Q2 |
| AdvisorNet Financial, Inc added | 9,317 | $455K | 0.1% | 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.