Who owns DMA
Which tracked institutional funds hold DMA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DMA company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 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 DMA is one-sided between 2025-Q4 and 2026-Q1: 0 added or opened and 3 trimmed or exited — on balance reducing.
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
DMA’s largest tracked holder by dollar value, Saba Capital Management, L.P., sizes it at 0.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DMA 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 28 tracked filers holding DMA, 10 increased or opened the position and 15 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 DMA 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.
Largest trims
- Saba Capital Management, L.P.$2M
- Noble Wealth Management PBC$1M
- Matisse Capital$309K
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 |
|---|---|---|---|---|
| Saba Capital Management, L.P. | 2,220,648 | $18M | 50.8% | 2026-Q1 |
| Matisse Capital added | 412,000 | $3M | 9.4% | 2026-Q1 |
| ABSOLUTE INVESTMENT ADVISERS, LLC added | 273,696 | $2M | 6.3% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 246,653 | $2M | 5.6% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. | 200,829 | $2M | 4.6% | 2026-Q1 |
| Bulldog Investors, LLP trimmed | 126,112 | $1M | 2.9% | 2026-Q1 |
| Quarry LP | 103,453 | $839K | 2.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 85,000 | $689K | 1.9% | 2026-Q1 |
| IHT Wealth Management, LLC added | 72,262 | $586K | 1.7% | 2026-Q1 |
| LPL Financial LLC added | 70,030 | $568K | 1.6% | 2026-Q1 |
| North Ground Capital trimmed | 55,059 | $447K | 1.3% | 2026-Q1 |
| Altium Capital Management LLC added | 54,723 | $444K | 1.3% | 2026-Q1 |
| EVOLVE PRIVATE WEALTH, LLC trimmed | 50,832 | $412K | 1.2% | 2026-Q1 |
| CAPSTONE INVESTMENT ADVISORS, LLC | 45,894 | $372K | 1.1% | 2026-Q1 |
| Almitas Capital LLC trimmed | 45,193 | $367K | 1.0% | 2026-Q1 |
| K2 PRINCIPAL FUND, L.P. | 34,709 | $281K | 0.8% | 2026-Q1 |
| Noble Wealth Management PBC trimmed | 30,644 | $249K | 0.7% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 30,135 | $239K | 0.7% | 2026-Q1 |
| Alpine Global Management, LLC trimmed | 26,961 | $219K | 0.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 24,083 | $195K | 0.6% | 2026-Q1 |
| Weaver Consulting Group added | 15,620 | $127K | 0.4% | 2026-Q1 |
| Perigon Wealth Management, LLC | 13,794 | $112K | 0.3% | 2026-Q1 |
| NWF Advisory Services Inc. trimmed | 11,700 | $95K | 0.3% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC | 11,512 | $93K | 0.3% | 2026-Q1 |
| MORGAN STANLEY trimmed | 5,196 | $42K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO | 2,848 | $23K | 0.1% | 2026-Q1 |
| SouthState Bank Corp | 1,027 | $8K | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN new | 0 | $1 | 0.0% | 2026-Q1 |
| Marex Group plc added | 41,616 | $373K | 1.1% | 2025-Q4 stale |
| Cetera Investment Advisers added | 17,348 | $156K | 0.4% | 2025-Q4 stale |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 15,267 | $132K | 0.4% | 2025-Q3 stale |
| Thomas J. Herzfeld Advisors, Inc. trimmed | 8,086 | $70K | 0.2% | 2025-Q3 stale |
| RAYMOND JAMES FINANCIAL INC new | 5,708 | $50K | 0.1% | 2025-Q2 stale |
| BANK OF AMERICA CORP /DE/ new | 1,429 | $13K | 0.0% | 2025-Q2 stale |
| ASSETMARK, INC new | 852 | $8K | 0.0% | 2025-Q4 stale |
| UBS Group AG trimmed | 561 | $5K | 0.0% | 2025-Q4 stale |
| NewEdge Advisors, LLC | 500 | $4K | 0.0% | 2025-Q4 stale |
| FMR LLC new | 1 | $9 | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 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.