Who owns DFSI (DFSI)
Which tracked institutional funds hold DFSI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFSI 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
37 tracked funds added or opened DFSI while 20 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
DFSI’s largest tracked holder by dollar value, Focus Partners Wealth, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.3pp gap the other way — the median holder sizes DFSI more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DFSI 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 227 tracked filers holding DFSI, 127 increased or opened the position and 84 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 DFSI 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$10M
- Laurel Wealth Planning LLC$4M
- RW Investment Management LLC$4M
- Bank of New York Mellon Corp$2M
- Modern Wealth Management, LLC$1M
- SOL Capital Management CO$1M
Full exits 6
- LongView Asset Management LLC$18M
- Heritage Financial Services, LLC$8M
- Thrivent Financial for Lutherans$6M
- CITADEL ADVISORS LLC$6M
- ProCore Advisors, LLC$2M
- SB Capital Management Inc$1M
Largest adds
- EP Wealth Advisors, LLC$17M
- JANE STREET GROUP, LLC$10M
- Savant Capital, LLC$7M
- Apella Capital, LLC$4M
- BROWN ADVISORY INC$4M
- Pathstone Holdings, LLC$3M
Largest trims
- Archer Investment Management, LLC$2M
- Henrickson Nauta Wealth Advisors, Inc.$2M
- MML INVESTORS SERVICES, LLC$2M
- Forum Financial Management, LP$1M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$1M
- Quantum Financial Advisors, LLC$995K
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 trimmed | 1,164,896 | $51M | 7.1% | 2026-Q1 |
| MASECO LLP added | 987,534 | $42M | 5.9% | 2026-Q1 |
| AWM CAPITAL, LLC added | 931,193 | $39M | 5.5% | 2026-Q1 |
| Quantum Financial Advisors, LLC trimmed | 840,411 | $36M | 5.0% | 2026-Q1 |
| Pathstone Holdings, LLC added | 795,001 | $34M | 4.7% | 2026-Q1 |
| Francis Financial, Inc. added | 759,106 | $32M | 4.5% | 2026-Q1 |
| Abacus Wealth Partners, LLC added | 586,104 | $25M | 3.5% | 2026-Q1 |
| EP Wealth Advisors, LLC added | 416,169 | $18M | 2.5% | 2026-Q1 |
| Five Oceans Advisors added | 403,966 | $17M | 2.4% | 2026-Q1 |
| Citrine Capital LLC added | 389,981 | $17M | 2.3% | 2026-Q1 |
| Retirement Solution LLC trimmed | 350,032 | $15M | 2.1% | 2026-Q1 |
| Apella Capital, LLC added | 289,911 | $13M | 1.9% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 275,277 | $12M | 1.6% | 2026-Q1 |
| Savant Capital, LLC added | 270,790 | $11M | 1.6% | 2026-Q1 |
| Forum Financial Management, LP trimmed | 263,782 | $11M | 1.6% | 2026-Q1 |
| Elser Financial Planning, Inc added | 233,159 | $10M | 1.4% | 2026-Q1 |
| Balanced Rock Investment Advisors LLC trimmed | 213,685 | $9M | 1.3% | 2026-Q1 |
| Greenspring Advisors, LLC added | 212,964 | $9M | 1.3% | 2026-Q1 |
| Allodium Investment Consultants, LLC added | 194,032 | $8M | 1.2% | 2026-Q1 |
| HILL ISLAND FINANCIAL LLC trimmed | 193,609 | $8M | 1.2% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 182,884 | $8M | 1.1% | 2026-Q1 |
| Planning Center, Inc. trimmed | 181,791 | $8M | 1.1% | 2026-Q1 |
| New Capital Management LP trimmed | 180,145 | $8M | 1.1% | 2026-Q1 |
| Pure Financial Advisors, LLC added | 155,658 | $7M | 0.9% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 151,856 | $7M | 0.9% | 2026-Q1 |
| Wealth Architects, LLC trimmed | 151,947 | $6M | 0.9% | 2026-Q1 |
| Focus Partners Advisor Solutions, LLC added | 136,336 | $6M | 0.8% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 131,783 | $6M | 0.8% | 2026-Q1 |
| QUARRY HILL ADVISORS, LLC trimmed | 120,223 | $6M | 0.8% | 2026-Q1 |
| RAM Investment Partners, LLC added | 125,123 | $5M | 0.7% | 2026-Q1 |
| Betterment LLC added | 114,853 | $5M | 0.7% | 2026-Q1 |
| OneDigital Investment Advisors LLC trimmed | 111,707 | $5M | 0.7% | 2026-Q1 |
| Perigon Wealth Management, LLC added | 111,418 | $5M | 0.7% | 2026-Q1 |
| Triune Financial Partners, LLC added | 110,286 | $5M | 0.7% | 2026-Q1 |
| Angeles Investment Advisors, LLC added | 110,007 | $5M | 0.7% | 2026-Q1 |
| TCI Wealth Advisors, Inc. trimmed | 108,155 | $5M | 0.6% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 104,202 | $4M | 0.6% | 2026-Q1 |
| Donalies Financial Planning, LLC trimmed | 101,989 | $4M | 0.6% | 2026-Q1 |
| Corient Private Wealth LLC added | 127,028 | $4M | 0.6% | 2026-Q1 |
| BROWN ADVISORY INC added | 97,803 | $4M | 0.6% | 2026-Q1 |
| Laurel Wealth Planning LLC new | 94,894 | $4M | 0.6% | 2026-Q1 |
| Garde Capital, Inc. added | 93,254 | $4M | 0.6% | 2026-Q1 |
| Addison Advisors LLC trimmed | 92,901 | $4M | 0.6% | 2026-Q1 |
| Asset Dedication, LLC trimmed | 92,749 | $4M | 0.6% | 2026-Q1 |
| Aspen Capital Management, LLC trimmed | 91,590 | $4M | 0.5% | 2026-Q1 |
| RW Investment Management LLC added | 85,036 | $4M | 0.5% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 84,723 | $4M | 0.5% | 2026-Q1 |
| Simplicity Wealth,LLC trimmed | 76,056 | $3M | 0.5% | 2026-Q1 |
| Momentous Wealth Management, Inc. trimmed | 74,684 | $3M | 0.4% | 2026-Q1 |
| Cardinal Point Capital Management ULC trimmed | 73,252 | $3M | 0.4% | 2026-Q1 |
| Rockbridge Investment Management, LCC added | 69,153 | $3M | 0.4% | 2026-Q1 |
| Equita Financial Network, Inc. added | 65,819 | $3M | 0.4% | 2026-Q1 |
| Truepoint, Inc. trimmed | 64,067 | $3M | 0.4% | 2026-Q1 |
| Revolve Wealth Partners, LLC trimmed | 63,413 | $3M | 0.4% | 2026-Q1 |
| Bank of New York Mellon Corp new | 58,630 | $2M | 0.3% | 2026-Q1 |
| Wealthspire Advisors, LLC trimmed | 58,386 | $2M | 0.3% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 53,666 | $2M | 0.3% | 2026-Q1 |
| Broadhurst Jeffrey B added | 52,794 | $2M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 51,275 | $2M | 0.3% | 2026-Q1 |
| Foster Group, Inc. trimmed | 49,134 | $2M | 0.3% | 2026-Q1 |
| Cambridge Financial Group, LLC trimmed | 46,683 | $2M | 0.3% | 2026-Q1 |
| Henrickson Nauta Wealth Advisors, Inc. trimmed | 46,669 | $2M | 0.3% | 2026-Q1 |
| Creative Capital Management Investments LLC added | 46,433 | $2M | 0.3% | 2026-Q1 |
| HUTCHINSON CAPITAL MANAGEMENT/CA added | 45,887 | $2M | 0.3% | 2026-Q1 |
| LPL Financial LLC added | 43,606 | $2M | 0.3% | 2026-Q1 |
| Cerity Partners LLC added | 43,499 | $2M | 0.3% | 2026-Q1 |
| Syverson Strege & Co trimmed | 43,120 | $2M | 0.3% | 2026-Q1 |
| Parkside Financial Bank & Trust added | 39,371 | $2M | 0.2% | 2026-Q1 |
| Trellis Wealth Advisors LLC trimmed | 38,934 | $2M | 0.2% | 2026-Q1 |
| MB Generational Wealth, LLC added | 38,480 | $2M | 0.2% | 2026-Q1 |
| Northland Capital Management LLC trimmed | 38,019 | $2M | 0.2% | 2026-Q1 |
| Level Financial Advisors added | 34,679 | $1M | 0.2% | 2026-Q1 |
| Premier Financial Group added | 33,427 | $1M | 0.2% | 2026-Q1 |
| Wheels Up Wealth, Inc. trimmed | 33,556 | $1M | 0.2% | 2026-Q1 |
| Longview Financial Advisors LLC added | 32,650 | $1M | 0.2% | 2026-Q1 |
| NWAM LLC trimmed | 32,158 | $1M | 0.2% | 2026-Q1 |
| CAHILL FINANCIAL ADVISORS INC trimmed | 30,650 | $1M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 30,163 | $1M | 0.2% | 2026-Q1 |
| FIDUCIARY FINANCIAL GROUP, LLC added | 30,100 | $1M | 0.2% | 2026-Q1 |
| Cordant, Inc. added | 30,045 | $1M | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC added | 29,477 | $1M | 0.2% | 2026-Q1 |
| Modern Wealth Management, LLC new | 28,400 | $1M | 0.2% | 2026-Q1 |
| Root Financial Partners, LLC added | 28,590 | $1M | 0.2% | 2026-Q1 |
| DiNuzzo Private Wealth, Inc. added | 28,579 | $1M | 0.2% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 26,399 | $1M | 0.2% | 2026-Q1 |
| SOL Capital Management CO new | 32,245 | $1M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 27,249 | $1M | 0.2% | 2026-Q1 |
| Adero Partners, LLC trimmed | 566,520 | $20M | 2.8% | 2025-Q1 stale |
| LongView Asset Management LLC trimmed | 423,719 | $18M | 2.6% | 2025-Q4 stale |
| Willow Creek Wealth Management Inc. added | 257,374 | $11M | 1.5% | 2025-Q3 stale |
| Heritage Financial Services, LLC added | 178,466 | $8M | 1.1% | 2025-Q4 stale |
| Thrivent Financial for Lutherans added | 147,974 | $6M | 0.9% | 2025-Q4 stale |
| CITADEL ADVISORS LLC added | 131,333 | $6M | 0.8% | 2025-Q4 stale |
| Waypoint Wealth Partners Inc. added | 77,558 | $3M | 0.4% | 2025-Q2 stale |
| BRIGHTON JONES LLC trimmed | 70,495 | $3M | 0.4% | 2025-Q3 stale |
| Martin Worley Group trimmed | 58,836 | $2M | 0.3% | 2025-Q2 stale |
| OLD MISSION CAPITAL LLC trimmed | 54,639 | $2M | 0.3% | 2025-Q2 stale |
| ProCore Advisors, LLC new | 39,786 | $2M | 0.2% | 2025-Q4 stale |
| SB Capital Management Inc new | 31,166 | $1M | 0.2% | 2025-Q4 stale |
| Cook Wealth, LLC trimmed | 32,245 | $1M | 0.2% | 2025-Q1 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.