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Institutional Ownership · SEC Form 13F

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.

227
Institutional holders
16,111,138
Shares held (tracked funds)

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).

FundSharesReported value% of valueQuarter
Focus Partners Wealth trimmed1,164,896$51M7.1%2026-Q1
MASECO LLP added987,534$42M5.9%2026-Q1
AWM CAPITAL, LLC added931,193$39M5.5%2026-Q1
Quantum Financial Advisors, LLC trimmed840,411$36M5.0%2026-Q1
Pathstone Holdings, LLC added795,001$34M4.7%2026-Q1
Francis Financial, Inc. added759,106$32M4.5%2026-Q1
Abacus Wealth Partners, LLC added586,104$25M3.5%2026-Q1
EP Wealth Advisors, LLC added416,169$18M2.5%2026-Q1
Five Oceans Advisors added403,966$17M2.4%2026-Q1
Citrine Capital LLC added389,981$17M2.3%2026-Q1
Retirement Solution LLC trimmed350,032$15M2.1%2026-Q1
Apella Capital, LLC added289,911$13M1.9%2026-Q1
JANE STREET GROUP, LLC added275,277$12M1.6%2026-Q1
Savant Capital, LLC added270,790$11M1.6%2026-Q1
Forum Financial Management, LP trimmed263,782$11M1.6%2026-Q1
Elser Financial Planning, Inc added233,159$10M1.4%2026-Q1
Balanced Rock Investment Advisors LLC trimmed213,685$9M1.3%2026-Q1
Greenspring Advisors, LLC added212,964$9M1.3%2026-Q1
Allodium Investment Consultants, LLC added194,032$8M1.2%2026-Q1
HILL ISLAND FINANCIAL LLC trimmed193,609$8M1.2%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV added182,884$8M1.1%2026-Q1
Planning Center, Inc. trimmed181,791$8M1.1%2026-Q1
New Capital Management LP trimmed180,145$8M1.1%2026-Q1
Pure Financial Advisors, LLC added155,658$7M0.9%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed151,856$7M0.9%2026-Q1
Wealth Architects, LLC trimmed151,947$6M0.9%2026-Q1
Focus Partners Advisor Solutions, LLC added136,336$6M0.8%2026-Q1
Beacon Pointe Advisors, LLC added131,783$6M0.8%2026-Q1
QUARRY HILL ADVISORS, LLC trimmed120,223$6M0.8%2026-Q1
RAM Investment Partners, LLC added125,123$5M0.7%2026-Q1
Betterment LLC added114,853$5M0.7%2026-Q1
OneDigital Investment Advisors LLC trimmed111,707$5M0.7%2026-Q1
Perigon Wealth Management, LLC added111,418$5M0.7%2026-Q1
Triune Financial Partners, LLC added110,286$5M0.7%2026-Q1
Angeles Investment Advisors, LLC added110,007$5M0.7%2026-Q1
TCI Wealth Advisors, Inc. trimmed108,155$5M0.6%2026-Q1
RAYMOND JAMES FINANCIAL INC added104,202$4M0.6%2026-Q1
Donalies Financial Planning, LLC trimmed101,989$4M0.6%2026-Q1
Corient Private Wealth LLC added127,028$4M0.6%2026-Q1
BROWN ADVISORY INC added97,803$4M0.6%2026-Q1
Laurel Wealth Planning LLC new94,894$4M0.6%2026-Q1
Garde Capital, Inc. added93,254$4M0.6%2026-Q1
Addison Advisors LLC trimmed92,901$4M0.6%2026-Q1
Asset Dedication, LLC trimmed92,749$4M0.6%2026-Q1
Aspen Capital Management, LLC trimmed91,590$4M0.5%2026-Q1
RW Investment Management LLC added85,036$4M0.5%2026-Q1
Sequoia Financial Advisors, LLC added84,723$4M0.5%2026-Q1
Simplicity Wealth,LLC trimmed76,056$3M0.5%2026-Q1
Momentous Wealth Management, Inc. trimmed74,684$3M0.4%2026-Q1
Cardinal Point Capital Management ULC trimmed73,252$3M0.4%2026-Q1
Rockbridge Investment Management, LCC added69,153$3M0.4%2026-Q1
Equita Financial Network, Inc. added65,819$3M0.4%2026-Q1
Truepoint, Inc. trimmed64,067$3M0.4%2026-Q1
Revolve Wealth Partners, LLC trimmed63,413$3M0.4%2026-Q1
Bank of New York Mellon Corp new58,630$2M0.3%2026-Q1
Wealthspire Advisors, LLC trimmed58,386$2M0.3%2026-Q1
FLOW TRADERS U.S. LLC added53,666$2M0.3%2026-Q1
Broadhurst Jeffrey B added52,794$2M0.3%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added51,275$2M0.3%2026-Q1
Foster Group, Inc. trimmed49,134$2M0.3%2026-Q1
Cambridge Financial Group, LLC trimmed46,683$2M0.3%2026-Q1
Henrickson Nauta Wealth Advisors, Inc. trimmed46,669$2M0.3%2026-Q1
Creative Capital Management Investments LLC added46,433$2M0.3%2026-Q1
HUTCHINSON CAPITAL MANAGEMENT/CA added45,887$2M0.3%2026-Q1
LPL Financial LLC added43,606$2M0.3%2026-Q1
Cerity Partners LLC added43,499$2M0.3%2026-Q1
Syverson Strege & Co trimmed43,120$2M0.3%2026-Q1
Parkside Financial Bank & Trust added39,371$2M0.2%2026-Q1
Trellis Wealth Advisors LLC trimmed38,934$2M0.2%2026-Q1
MB Generational Wealth, LLC added38,480$2M0.2%2026-Q1
Northland Capital Management LLC trimmed38,019$2M0.2%2026-Q1
Level Financial Advisors added34,679$1M0.2%2026-Q1
Premier Financial Group added33,427$1M0.2%2026-Q1
Wheels Up Wealth, Inc. trimmed33,556$1M0.2%2026-Q1
Longview Financial Advisors LLC added32,650$1M0.2%2026-Q1
NWAM LLC trimmed32,158$1M0.2%2026-Q1
CAHILL FINANCIAL ADVISORS INC trimmed30,650$1M0.2%2026-Q1
MML INVESTORS SERVICES, LLC trimmed30,163$1M0.2%2026-Q1
FIDUCIARY FINANCIAL GROUP, LLC added30,100$1M0.2%2026-Q1
Cordant, Inc. added30,045$1M0.2%2026-Q1
HighTower Advisors, LLC added29,477$1M0.2%2026-Q1
Modern Wealth Management, LLC new28,400$1M0.2%2026-Q1
Root Financial Partners, LLC added28,590$1M0.2%2026-Q1
DiNuzzo Private Wealth, Inc. added28,579$1M0.2%2026-Q1
Chicago Partners Investment Group LLC added26,399$1M0.2%2026-Q1
SOL Capital Management CO new32,245$1M0.2%2026-Q1
Farther Finance Advisors, LLC added27,249$1M0.2%2026-Q1
Adero Partners, LLC trimmed566,520$20M2.8%2025-Q1 stale
LongView Asset Management LLC trimmed423,719$18M2.6%2025-Q4 stale
Willow Creek Wealth Management Inc. added257,374$11M1.5%2025-Q3 stale
Heritage Financial Services, LLC added178,466$8M1.1%2025-Q4 stale
Thrivent Financial for Lutherans added147,974$6M0.9%2025-Q4 stale
CITADEL ADVISORS LLC added131,333$6M0.8%2025-Q4 stale
Waypoint Wealth Partners Inc. added77,558$3M0.4%2025-Q2 stale
BRIGHTON JONES LLC trimmed70,495$3M0.4%2025-Q3 stale
Martin Worley Group trimmed58,836$2M0.3%2025-Q2 stale
OLD MISSION CAPITAL LLC trimmed54,639$2M0.3%2025-Q2 stale
ProCore Advisors, LLC new39,786$2M0.2%2025-Q4 stale
SB Capital Management Inc new31,166$1M0.2%2025-Q4 stale
Cook Wealth, LLC trimmed32,245$1M0.2%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.

HoldersTotal shares

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.

Learn how to read institutional ownership