Who owns DFSE (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-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 DFSE is one-sided between 2025-Q4 and 2026-Q1: 28 added or opened and 8 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 2.9% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 2.7pp 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 2025-Q4 and 2026-Q1, across 173 tracked filers holding DFSE, 101 increased or opened the position and 58 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 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 7
- Elser Financial Planning, Inc$5M
- GOLDMAN SACHS GROUP INC$2M
- RW Investment Management LLC$1M
- FLOW TRADERS U.S. LLC$1M
- OLD MISSION CAPITAL LLC$1M
- SOL Capital Management CO$1M
Full exits 3
- LongView Asset Management LLC$12M
- Thrivent Financial for Lutherans$5M
- Heritage Financial Services, LLC$2M
Largest adds
- EP Wealth Advisors, LLC$13M
- Savant Capital, LLC$3M
- Pathstone Holdings, LLC$3M
- JANE STREET GROUP, LLC$3M
- AWM CAPITAL, LLC$2M
- Focus Partners Wealth$2M
Largest trims
- Henrickson Nauta Wealth Advisors, Inc.$778K
- Asset Dedication, LLC$765K
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$547K
- Forum Financial Management, LP$527K
- NewEdge Advisors, LLC$476K
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 |
|---|---|---|---|---|
| AWM CAPITAL, LLC added | 760,676 | $32M | 8.0% | 2026-Q1 |
| MASECO LLP added | 588,403 | $25M | 6.1% | 2026-Q1 |
| Pathstone Holdings, LLC added | 570,391 | $24M | 6.0% | 2026-Q1 |
| Focus Partners Wealth added | 536,976 | $24M | 5.9% | 2026-Q1 |
| Quantum Financial Advisors, LLC trimmed | 546,242 | $23M | 5.7% | 2026-Q1 |
| Five Oceans Advisors added | 438,287 | $19M | 4.6% | 2026-Q1 |
| Forum Financial Management, LP trimmed | 374,559 | $16M | 3.9% | 2026-Q1 |
| Abacus Wealth Partners, LLC trimmed | 340,438 | $14M | 3.6% | 2026-Q1 |
| Citrine Capital LLC added | 328,652 | $14M | 3.4% | 2026-Q1 |
| EP Wealth Advisors, LLC added | 307,238 | $13M | 3.2% | 2026-Q1 |
| Retirement Solution LLC trimmed | 260,449 | $11M | 2.7% | 2026-Q1 |
| Savant Capital, LLC added | 214,628 | $9M | 2.2% | 2026-Q1 |
| Wealth Architects, LLC trimmed | 156,151 | $7M | 1.6% | 2026-Q1 |
| Greenspring Advisors, LLC added | 150,393 | $6M | 1.6% | 2026-Q1 |
| SACHEM HILL LLC added | 136,088 | $6M | 1.4% | 2026-Q1 |
| Elser Financial Planning, Inc added | 126,714 | $5M | 1.3% | 2026-Q1 |
| Pure Financial Advisors, LLC trimmed | 107,826 | $5M | 1.1% | 2026-Q1 |
| Apella Capital, LLC added | 95,547 | $5M | 1.1% | 2026-Q1 |
| Francis Financial, Inc. trimmed | 104,993 | $4M | 1.1% | 2026-Q1 |
| Balanced Rock Investment Advisors LLC trimmed | 88,905 | $4M | 0.9% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 86,476 | $4M | 0.9% | 2026-Q1 |
| TCI Wealth Advisors, Inc. trimmed | 85,003 | $4M | 0.9% | 2026-Q1 |
| Allodium Investment Consultants, LLC added | 77,439 | $3M | 0.8% | 2026-Q1 |
| DRIVE WEALTH MANAGEMENT, LLC added | 74,388 | $3M | 0.8% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 73,007 | $3M | 0.8% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 72,002 | $3M | 0.8% | 2026-Q1 |
| RAM Investment Partners, LLC added | 71,045 | $3M | 0.7% | 2026-Q1 |
| New Capital Management LP trimmed | 68,277 | $3M | 0.7% | 2026-Q1 |
| Asset Dedication, LLC trimmed | 65,540 | $3M | 0.7% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 64,673 | $3M | 0.7% | 2026-Q1 |
| Perigon Wealth Management, LLC added | 59,535 | $3M | 0.6% | 2026-Q1 |
| QUARRY HILL ADVISORS, LLC added | 50,033 | $2M | 0.6% | 2026-Q1 |
| HILL ISLAND FINANCIAL LLC trimmed | 55,204 | $2M | 0.6% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 55,140 | $2M | 0.6% | 2026-Q1 |
| Navigoe, LLC | 55,132 | $2M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC new | 50,000 | $2M | 0.5% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 49,789 | $2M | 0.5% | 2026-Q1 |
| Klaas Financial Asset Advisors, LLC trimmed | 48,078 | $2M | 0.5% | 2026-Q1 |
| Corient Private Wealth LLC added | 54,392 | $2M | 0.5% | 2026-Q1 |
| Triune Financial Partners, LLC added | 45,307 | $2M | 0.5% | 2026-Q1 |
| Equita Financial Network, Inc. added | 44,327 | $2M | 0.5% | 2026-Q1 |
| Longview Financial Advisors LLC added | 37,483 | $2M | 0.4% | 2026-Q1 |
| Planning Center, Inc. trimmed | 36,373 | $2M | 0.4% | 2026-Q1 |
| Cordant, Inc. added | 34,964 | $1M | 0.4% | 2026-Q1 |
| Simplicity Wealth,LLC trimmed | 34,674 | $1M | 0.4% | 2026-Q1 |
| RW Investment Management LLC added | 32,961 | $1M | 0.3% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 32,599 | $1M | 0.3% | 2026-Q1 |
| Truepoint, Inc. added | 31,971 | $1M | 0.3% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 31,856 | $1M | 0.3% | 2026-Q1 |
| Betterment LLC added | 30,902 | $1M | 0.3% | 2026-Q1 |
| Cerity Partners LLC trimmed | 28,041 | $1M | 0.3% | 2026-Q1 |
| Addison Advisors LLC added | 27,329 | $1M | 0.3% | 2026-Q1 |
| Burton Enright Welch | 26,810 | $1M | 0.3% | 2026-Q1 |
| Cambridge Financial Group, LLC trimmed | 25,710 | $1M | 0.3% | 2026-Q1 |
| SOL Capital Management CO new | 30,153 | $1M | 0.3% | 2026-Q1 |
| Rockbridge Investment Management, LCC added | 24,134 | $1M | 0.3% | 2026-Q1 |
| Broadhurst Jeffrey B added | 22,999 | $974K | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC added | 22,143 | $938K | 0.2% | 2026-Q1 |
| SEVEN MILE ADVISORY trimmed | 20,479 | $868K | 0.2% | 2026-Q1 |
| Henrickson Nauta Wealth Advisors, Inc. trimmed | 20,278 | $859K | 0.2% | 2026-Q1 |
| Meritas Wealth Management, LLC added | 20,228 | $857K | 0.2% | 2026-Q1 |
| Momentous Wealth Management, Inc. trimmed | 20,206 | $856K | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 20,113 | $852K | 0.2% | 2026-Q1 |
| Aspen Capital Management, LLC added | 20,087 | $851K | 0.2% | 2026-Q1 |
| Cardinal Point Capital Management ULC trimmed | 19,976 | $846K | 0.2% | 2026-Q1 |
| MB Generational Wealth, LLC added | 19,744 | $837K | 0.2% | 2026-Q1 |
| Morling Financial Advisors, LLC trimmed | 18,482 | $783K | 0.2% | 2026-Q1 |
| NWAM LLC trimmed | 17,966 | $761K | 0.2% | 2026-Q1 |
| Northland Capital Management LLC trimmed | 17,359 | $735K | 0.2% | 2026-Q1 |
| Wheels Up Wealth, Inc. trimmed | 16,773 | $711K | 0.2% | 2026-Q1 |
| BROWN ADVISORY INC new | 16,644 | $705K | 0.2% | 2026-Q1 |
| Modera Wealth Management, LLC trimmed | 16,424 | $696K | 0.2% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 16,094 | $682K | 0.2% | 2026-Q1 |
| Mariner, LLC added | 15,973 | $677K | 0.2% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC added | 15,526 | $658K | 0.2% | 2026-Q1 |
| NewEdge Wealth, LLC added | 15,513 | $657K | 0.2% | 2026-Q1 |
| Creative Capital Management Investments LLC added | 15,143 | $642K | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 14,288 | $610K | 0.2% | 2026-Q1 |
| Foster Group, Inc. trimmed | 14,364 | $609K | 0.2% | 2026-Q1 |
| Syverson Strege & Co trimmed | 13,384 | $567K | 0.1% | 2026-Q1 |
| North Ridge Wealth Advisors, Inc. trimmed | 13,057 | $553K | 0.1% | 2026-Q1 |
| Root Financial Partners, LLC added | 12,951 | $549K | 0.1% | 2026-Q1 |
| Sensenig Capital Advisors, Inc trimmed | 12,880 | $546K | 0.1% | 2026-Q1 |
| Trellis Wealth Advisors LLC trimmed | 12,871 | $545K | 0.1% | 2026-Q1 |
| LPL Financial LLC added | 12,854 | $545K | 0.1% | 2026-Q1 |
| BetterWealth, LLC trimmed | 12,357 | $524K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 11,715 | $496K | 0.1% | 2026-Q1 |
| Flagstone Financial Management trimmed | 11,712 | $496K | 0.1% | 2026-Q1 |
| LongView Asset Management LLC added | 293,983 | $12M | 3.0% | 2025-Q4 stale |
| Adero Partners, LLC added | 210,308 | $7M | 1.7% | 2025-Q1 stale |
| Willow Creek Wealth Management Inc. added | 165,745 | $7M | 1.7% | 2025-Q3 stale |
| Thrivent Financial for Lutherans added | 128,736 | $5M | 1.3% | 2025-Q4 stale |
| BRIGHTON JONES LLC added | 72,881 | $3M | 0.7% | 2025-Q3 stale |
| Heritage Financial Services, LLC added | 59,733 | $2M | 0.6% | 2025-Q4 stale |
| TOWNSQUARE CAPITAL LLC trimmed | 56,127 | $2M | 0.5% | 2025-Q1 stale |
| Waypoint Wealth Partners Inc. added | 30,733 | $1M | 0.3% | 2025-Q2 stale |
| Cook Wealth, LLC trimmed | 30,153 | $1M | 0.3% | 2025-Q1 stale |
| Wealthstream Advisors, Inc. added | 14,555 | $598K | 0.1% | 2025-Q3 stale |
| SB Capital Management Inc new | 11,939 | $495K | 0.1% | 2025-Q4 stale |
| Premier Financial Group trimmed | 11,575 | $483K | 0.1% | 2025-Q4 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.