Who owns DKL (DKL)
Which tracked institutional funds hold DKL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DKL 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 DKL is one-sided between 2025-Q4 and 2026-Q1: 24 added or opened and 4 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
DKL’s largest tracked holder by dollar value, ALPS ADVISORS INC, sizes it at 1.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DKL 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 82 tracked filers holding DKL, 38 increased or opened the position and 32 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 DKL 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 4
- WESTWOOD HOLDINGS GROUP INC$8M
- IFG Advisory, LLC$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$949K
- ELCO Management Co., LLC$507K
Full exits 1
- Independent Advisor Alliance$556K
Largest adds
- Altshuler Shaham Ltd$42M
- ALPS ADVISORS INC$27M
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.$9M
- Invesco Ltd.$8M
- Clearbridge Investments, LLC$7M
- NEOS Investment Management LLC$5M
Largest trims
- CITADEL ADVISORS LLC$1M
- PFG Investments, LLC$367K
- FMR LLC$327K
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 |
|---|---|---|---|---|
| ALPS ADVISORS INC added | 4,575,667 | $228M | 35.0% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 1,597,702 | $80M | 12.2% | 2026-Q1 |
| Invesco Ltd. trimmed | 1,513,693 | $75M | 11.6% | 2026-Q1 |
| Altshuler Shaham Ltd added | 144,218 | $48M | 7.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 641,435 | $32M | 4.9% | 2026-Q1 |
| Clearbridge Investments, LLC added | 390,158 | $19M | 3.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 377,693 | $19M | 3.0% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 255,230 | $13M | 2.0% | 2026-Q1 |
| COHEN & STEERS, INC. | 190,528 | $9M | 1.5% | 2026-Q1 |
| WESTWOOD HOLDINGS GROUP INC trimmed | 160,624 | $8M | 1.2% | 2026-Q1 |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC added | 156,476 | $8M | 1.2% | 2026-Q1 |
| KORNITZER CAPITAL MANAGEMENT INC /KS | 140,000 | $7M | 1.1% | 2026-Q1 |
| Blackstone Inc. | 138,325 | $7M | 1.1% | 2026-Q1 |
| UBS Group AG trimmed | 117,964 | $6M | 0.9% | 2026-Q1 |
| NEOS Investment Management LLC added | 111,094 | $6M | 0.9% | 2026-Q1 |
| MORGAN STANLEY added | 100,364 | $5M | 0.8% | 2026-Q1 |
| Castellan Group added | 91,162 | $5M | 0.7% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 71,006 | $4M | 0.5% | 2026-Q1 |
| Adams Asset Advisors, LLC | 70,288 | $3M | 0.5% | 2026-Q1 |
| GraniteShares Advisors LLC trimmed | 53,557 | $3M | 0.4% | 2026-Q1 |
| HRT FINANCIAL LP added | 51,726 | $3M | 0.4% | 2026-Q1 |
| SHARPEPOINT LLC trimmed | 38,479 | $2M | 0.3% | 2026-Q1 |
| IFG Advisory, LLC trimmed | 34,481 | $2M | 0.3% | 2026-Q1 |
| Pinnacle Holdings, LLC | 33,044 | $2M | 0.3% | 2026-Q1 |
| LPL Financial LLC trimmed | 32,477 | $2M | 0.2% | 2026-Q1 |
| Bramshill Investments, LLC trimmed | 29,223 | $1M | 0.2% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP added | 27,693 | $1M | 0.2% | 2026-Q1 |
| NOVEM GROUP added | 22,802 | $1M | 0.2% | 2026-Q1 |
| PFG Investments, LLC trimmed | 22,800 | $1M | 0.2% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC added | 19,304 | $961K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 19,074 | $949K | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 17,889 | $890K | 0.1% | 2026-Q1 |
| AMERICAN FINANCIAL GROUP INC | 17,000 | $846K | 0.1% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 16,104 | $801K | 0.1% | 2026-Q1 |
| Private Advisor Group, LLC | 16,037 | $798K | 0.1% | 2026-Q1 |
| Cerity Partners LLC added | 15,413 | $767K | 0.1% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC | 14,700 | $731K | 0.1% | 2026-Q1 |
| Focus Financial Network, Inc. trimmed | 13,424 | $668K | 0.1% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 13,191 | $656K | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 12,999 | $647K | 0.1% | 2026-Q1 |
| FMR LLC trimmed | 12,380 | $616K | 0.1% | 2026-Q1 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ added | 10,782 | $537K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 10,656 | $530K | 0.1% | 2026-Q1 |
| Fractal Investments LLC | 10,559 | $525K | 0.1% | 2026-Q1 |
| Mariner, LLC added | 10,196 | $507K | 0.1% | 2026-Q1 |
| ELCO Management Co., LLC trimmed | 10,194 | $507K | 0.1% | 2026-Q1 |
| Abel Hall, LLC | 10,000 | $498K | 0.1% | 2026-Q1 |
| Apollon Wealth Management, LLC | 9,641 | $480K | 0.1% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 9,288 | $462K | 0.1% | 2026-Q1 |
| SIMPLEX TRADING, LLC trimmed | 7,243 | $360K | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC added | 7,100 | $353K | 0.1% | 2026-Q1 |
| DAVIDSON TRUST CO | 6,100 | $304K | 0.0% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 6,082 | $303K | 0.0% | 2026-Q1 |
| &PARTNERS trimmed | 5,800 | $289K | 0.0% | 2026-Q1 |
| MGO ONE SEVEN LLC trimmed | 4,985 | $248K | 0.0% | 2026-Q1 |
| XTX Topco Ltd trimmed | 4,803 | $239K | 0.0% | 2026-Q1 |
| DIVIDEND ASSETS CAPITAL, LLC added | 4,639 | $231K | 0.0% | 2026-Q1 |
| Tidal Investments LLC trimmed | 4,577 | $228K | 0.0% | 2026-Q1 |
| BARCLAYS PLC added | 4,486 | $223K | 0.0% | 2026-Q1 |
| Gateway Wealth Partners, LLC new | 4,470 | $222K | 0.0% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC trimmed | 4,387 | $218K | 0.0% | 2026-Q1 |
| HB Wealth Management, LLC trimmed | 4,336 | $216K | 0.0% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 4,128 | $205K | 0.0% | 2026-Q1 |
| SITTNER & NELSON, LLC added | 3,500 | $174K | 0.0% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 2,919 | $145K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP | 2,450 | $122K | 0.0% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 1,783 | $92K | 0.0% | 2026-Q1 |
| Rockefeller Capital Management L.P. | 1,474 | $73K | 0.0% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 1,473 | $73K | 0.0% | 2026-Q1 |
| State of Wyoming trimmed | 1,348 | $67K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 1,320 | $67K | 0.0% | 2026-Q1 |
| ING GROEP NV trimmed | 274,600 | $12M | 1.8% | 2025-Q1 stale |
| BANK OF MONTREAL /CAN/ trimmed | 268,845 | $12M | 1.8% | 2025-Q2 stale |
| NATIXIS trimmed | 30,300 | $1M | 0.2% | 2025-Q1 stale |
| REGIONS FINANCIAL CORP added | 22,492 | $1M | 0.2% | 2025-Q3 stale |
| Aster Capital Management (DIFC) Ltd new | 16,440 | $707K | 0.1% | 2025-Q1 stale |
| GROUP ONE TRADING LLC added | 15,194 | $653K | 0.1% | 2025-Q2 stale |
| WOLVERINE TRADING, LLC added | 15,119 | $651K | 0.1% | 2025-Q2 stale |
| Independent Advisor Alliance added | 12,453 | $556K | 0.1% | 2025-Q4 stale |
| Virtu Financial LLC added | 11,136 | $507K | 0.1% | 2025-Q3 stale |
| Strategic Financial Concepts, LLC trimmed | 10,103 | $460K | 0.1% | 2025-Q3 stale |
| Plan Group Financial, LLC trimmed | 10,250 | $457K | 0.1% | 2025-Q4 stale |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 8,551 | $367K | 0.1% | 2025-Q2 stale |
| Zuckerman Investment Group, LLC | 8,000 | $344K | 0.1% | 2025-Q2 stale |
| Kestra Advisory Services, LLC trimmed | 7,706 | $333K | 0.1% | 2025-Q1 stale |
| Summit Trail Advisors, LLC trimmed | 7,400 | $320K | 0.0% | 2025-Q1 stale |
| MERCER GLOBAL ADVISORS INC /ADV new | 5,695 | $246K | 0.0% | 2025-Q1 stale |
| JANE STREET GROUP, LLC trimmed | 5,354 | $239K | 0.0% | 2025-Q4 stale |
| COMMONWEALTH EQUITY SERVICES, LLC added | 5,106 | $233K | 0.0% | 2025-Q3 stale |
| CWA Asset Management Group, LLC new | 4,893 | $223K | 0.0% | 2025-Q3 stale |
| Jump Financial, LLC trimmed | 4,809 | $207K | 0.0% | 2025-Q2 stale |
| Motiv8 Investments LLC new | 4,305 | $192K | 0.0% | 2025-Q4 stale |
| BANK OF AMERICA CORP /DE/ trimmed | 3,858 | $172K | 0.0% | 2025-Q4 stale |
| Lindbrook Capital, LLC trimmed | 3,500 | $151K | 0.0% | 2025-Q1 stale |
| NATIONAL BANK OF CANADA /FI/ trimmed | 2,754 | $123K | 0.0% | 2025-Q4 stale |
| PEAK6 LLC trimmed | 2,095 | $95K | 0.0% | 2025-Q3 stale |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY | 2,000 | $91K | 0.0% | 2025-Q3 stale |
| PRINCIPAL SECURITIES, INC. added | 1,635 | $74K | 0.0% | 2025-Q3 stale |
| Future Financial Wealth Managment LLC | 1,600 | $73K | 0.0% | 2025-Q3 stale |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 1,500 | $64K | 0.0% | 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.