Who owns DLN
Which tracked institutional funds hold DLN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DLN company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-25). 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 DLN is one-sided between 2026-Q1 and 2026-Q2: 120 added or opened and 28 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
DLN’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.1pp gap the other way — the median holder sizes DLN more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DLN 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 453 tracked filers holding DLN, 180 increased or opened the position and 175 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 DLN 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 8
- Odyssey Group, LLC$24M
- IFG Advisory, LLC$4M
- Waterloo Capital, L.P.$2M
- G&S Capital LLC$2M
- BRIGHTON JONES LLC$724K
- LYELL WEALTH MANAGEMENT, LP$663K
Full exits 15
- Cambridge Investment Research Advisors, Inc.$67M
- HighTower Advisors, LLC$17M
- CX Institutional$9M
- Janney Montgomery Scott LLC$6M
- FLOW TRADERS U.S. LLC$2M
- Thrivent Financial for Lutherans$1M
Largest adds
- AMERIPRISE FINANCIAL INC$64M
- LPL Financial LLC$48M
- MORGAN STANLEY$27M
- GREAT VALLEY ADVISOR GROUP, INC.$22M
- Focus Partners Wealth$20M
- Cetera Investment Advisers$15M
Largest trims
- BANK OF AMERICA CORP /DE/$9M
- Advisors Preferred, LLC$5M
- True Link Financial Advisors, LLC$3M
- Lido Advisors, LLC$2M
- KMG FIDUCIARY PARTNERS, LLC$1M
- MAI Capital Management$1M
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 4,105,997 | $395M | 10.3% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 3,485,235 | $336M | 8.7% | 2026-Q2 |
| MORGAN STANLEY added | 2,938,251 | $283M | 7.4% | 2026-Q2 |
| Focus Partners Wealth added | 2,612,755 | $252M | 6.5% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 2,439,830 | $235M | 6.1% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 1,476,721 | $142M | 3.7% | 2026-Q2 |
| Creative Planning trimmed | 1,339,092 | $129M | 3.4% | 2026-Q2 |
| UBS Group AG trimmed | 1,315,387 | $127M | 3.3% | 2026-Q2 |
| Trilogy Capital Inc. added | 1,196,646 | $115M | 3.0% | 2026-Q2 |
| Cetera Investment Advisers added | 1,094,640 | $105M | 2.7% | 2026-Q2 |
| Evercore Wealth Management, LLC trimmed | 1,035,464 | $100M | 2.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,034,935 | $100M | 2.6% | 2026-Q2 |
| Clearstead Advisors, LLC trimmed | 942,613 | $91M | 2.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 805,255 | $78M | 2.0% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 784,125 | $76M | 2.0% | 2026-Q2 |
| Waterway Wealth Management, LLC trimmed | 655,697 | $57M | 1.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 640,994 | $62M | 1.6% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 591,837 | $57M | 1.5% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 517,478 | $50M | 1.3% | 2026-Q2 |
| CLG LLC added | 460,674 | $44M | 1.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 460,179 | $44M | 1.2% | 2026-Q2 |
| IAG Wealth Partners, LLC added | 402,998 | $39M | 1.0% | 2026-Q2 |
| Lee, Kelleher & Klein Wealth Management trimmed | 381,301 | $37M | 1.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 352,850 | $34M | 0.9% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 340,936 | $33M | 0.9% | 2026-Q2 |
| Private Advisor Group, LLC added | 332,651 | $32M | 0.8% | 2026-Q2 |
| LRI Investments, LLC trimmed | 330,573 | $32M | 0.8% | 2026-Q2 |
| Fox Financial, Inc trimmed | 311,911 | $30M | 0.8% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 308,583 | $30M | 0.8% | 2026-Q2 |
| Baird Financial Group, Inc. added | 285,646 | $28M | 0.7% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 273,554 | $26M | 0.7% | 2026-Q2 |
| NerdWallet Wealth Partners, LLC added | 263,948 | $25M | 0.7% | 2026-Q2 |
| Fairway Wealth LLC trimmed | 262,387 | $25M | 0.7% | 2026-Q2 |
| FIDELIS iM, LLC trimmed | 262,348 | $25M | 0.7% | 2026-Q2 |
| Odyssey Group, LLC new | 247,638 | $24M | 0.6% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 232,244 | $22M | 0.6% | 2026-Q2 |
| MAI Capital Management trimmed | 227,252 | $22M | 0.6% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 214,976 | $21M | 0.5% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 214,927 | $21M | 0.5% | 2026-Q2 |
| D.A. DAVIDSON & CO. trimmed | 209,571 | $20M | 0.5% | 2026-Q2 |
| Revolve Wealth Partners, LLC added | 198,080 | $19M | 0.5% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 193,388 | $19M | 0.5% | 2026-Q2 |
| Main Street Financial Solutions, LLC added | 192,864 | $19M | 0.5% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 177,046 | $17M | 0.4% | 2026-Q2 |
| truNorth Financial Services, Inc. added | 150,248 | $14M | 0.4% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL added | 135,878 | $13M | 0.3% | 2026-Q2 |
| ASPIRIANT, LLC added | 126,165 | $12M | 0.3% | 2026-Q2 |
| United Advisor Group, LLC added | 124,840 | $12M | 0.3% | 2026-Q2 |
| Strategic Family Wealth Counselors, L.L.C. added | 123,010 | $12M | 0.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 118,930 | $12M | 0.3% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 117,671 | $11M | 0.3% | 2026-Q2 |
| Arkadios Wealth Advisors trimmed | 114,201 | $11M | 0.3% | 2026-Q2 |
| MOSAIC FAMILY WEALTH PARTNERS, LLC added | 110,430 | $11M | 0.3% | 2026-Q2 |
| TopTier Wealth Management, LLC added | 109,947 | $11M | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. added | 108,318 | $10M | 0.3% | 2026-Q2 |
| Stratos Wealth Advisors, LLC trimmed | 107,012 | $10M | 0.3% | 2026-Q2 |
| Key Financial Inc added | 96,015 | $9M | 0.2% | 2026-Q2 |
| MOLLER WEALTH PARTNERS trimmed | 91,793 | $9M | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 89,149 | $9M | 0.2% | 2026-Q2 |
| One Wealth Map LLC added | 76,725 | $8M | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 71,029 | $7M | 0.2% | 2026-Q2 |
| FIRST AMERICAN TRUST, FSB trimmed | 69,532 | $7M | 0.2% | 2026-Q2 |
| Centennial Wealth Advisory LLC added | 68,419 | $7M | 0.2% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 65,325 | $6M | 0.2% | 2026-Q2 |
| BROWN BROTHERS HARRIMAN & CO | 64,578 | $6M | 0.2% | 2026-Q2 |
| Graves Light Lenhart Wealth, Inc. added | 62,709 | $6M | 0.2% | 2026-Q2 |
| 1900 WEALTH MANAGEMENT LLC added | 62,541 | $6M | 0.2% | 2026-Q2 |
| TOBIAS FINANCIAL ADVISORS, INC. added | 61,735 | $6M | 0.2% | 2026-Q2 |
| Koshinski Asset Management, Inc. trimmed | 59,017 | $6M | 0.1% | 2026-Q2 |
| Advisors Preferred, LLC trimmed | 58,381 | $6M | 0.1% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 58,306 | $6M | 0.1% | 2026-Q2 |
| Gladstone Institutional Advisory LLC trimmed | 58,298 | $6M | 0.1% | 2026-Q2 |
| Geneos Wealth Management Inc. trimmed | 57,760 | $6M | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 56,893 | $5M | 0.1% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 56,326 | $5M | 0.1% | 2026-Q2 |
| Sigma Planning Corp trimmed | 54,264 | $5M | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 52,714 | $5M | 0.1% | 2026-Q2 |
| Etesian Wealth Advisors, Inc. trimmed | 52,179 | $5M | 0.1% | 2026-Q2 |
| FLAGSHIP WEALTH ADVISORS, LLC added | 51,822 | $5M | 0.1% | 2026-Q2 |
| Clearwater Capital Advisors, LLC trimmed | 51,655 | $5M | 0.1% | 2026-Q2 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 51,463 | $5M | 0.1% | 2026-Q2 |
| Stenger Family Office, LLC trimmed | 50,010 | $5M | 0.1% | 2026-Q2 |
| Circle Wealth Management, LLC | 49,376 | $5M | 0.1% | 2026-Q2 |
| MidAtlantic Capital Management, Inc. added | 47,969 | $5M | 0.1% | 2026-Q2 |
| Cerity Partners LLC trimmed | 46,204 | $4M | 0.1% | 2026-Q2 |
| Cresset Asset Management, LLC trimmed | 45,507 | $4M | 0.1% | 2026-Q2 |
| IFG Advisory, LLC trimmed | 43,412 | $4M | 0.1% | 2026-Q2 |
| Nadler Financial Group, Inc. trimmed | 43,281 | $4M | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 43,003 | $4M | 0.1% | 2026-Q2 |
| Linscomb Wealth, Inc. trimmed | 42,205 | $4M | 0.1% | 2026-Q2 |
| FMR LLC added | 41,899 | $4M | 0.1% | 2026-Q2 |
| ASSETMARK, INC trimmed | 41,466 | $4M | 0.1% | 2026-Q2 |
| &PARTNERS added | 41,294 | $4M | 0.1% | 2026-Q2 |
| Wealthspire Advisors, LLC trimmed | 41,137 | $4M | 0.1% | 2026-Q2 |
| Avant Capital LLC added | 38,502 | $4M | 0.1% | 2026-Q2 |
| Waverly Advisors, LLC added | 37,381 | $4M | 0.1% | 2026-Q2 |
| Meridian Financial Partners LLC trimmed | 36,050 | $4M | 0.1% | 2026-Q2 |
| MISSION WEALTH MANAGEMENT, LP added | 34,742 | $3M | 0.1% | 2026-Q2 |
| Dickmeyer Boyce Financial Management, Inc. added | 34,363 | $3M | 0.1% | 2026-Q2 |
| St. Louis Trust Co | 2,360 | $6M | 0.2% | 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.