Who owns DMAX
Which tracked institutional funds hold DMAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DMAX company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-21). 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
7 tracked funds added or opened DMAX while 4 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
DMAX’s largest tracked holder by dollar value, BIP Wealth, LLC, 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 DMAX 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 46 tracked filers holding DMAX, 16 increased or opened the position and 17 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 DMAX 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 2
- Kestra Advisory Services, LLC$1M
- Kestra Investment Management, LLC$1M
Full exits 1
- ASHTON THOMAS SECURITIES, LLC$3M
Largest adds
- RAYMOND JAMES FINANCIAL INC$1M
- Ashton Thomas Private Wealth, LLC$1M
- Crown Wealth Group, LLC$790K
- Cetera Investment Advisers$390K
- BlackRock, Inc.$308K
Largest trims
- J. L. Bainbridge & Co., Inc.$2M
- OLD MISSION CAPITAL LLC$574K
- Crewe Advisors LLC$446K
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 |
|---|---|---|---|---|
| BIP Wealth, LLC trimmed | 736,972 | $20M | 18.5% | 2026-Q2 |
| J. L. Bainbridge & Co., Inc. trimmed | 581,471 | $16M | 14.6% | 2026-Q2 |
| Crown Wealth Group, LLC added | 513,454 | $14M | 12.9% | 2026-Q2 |
| BlackRock, Inc. | 400,000 | $11M | 10.0% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 167,821 | $5M | 4.2% | 2026-Q2 |
| FC Advisory LLC added | 153,596 | $4M | 3.9% | 2026-Q2 |
| Ashton Thomas Private Wealth, LLC added | 114,196 | $3M | 2.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 89,962 | $2M | 2.3% | 2026-Q2 |
| Grantvest Financial Group LLC trimmed | 62,521 | $2M | 1.6% | 2026-Q2 |
| Crewe Advisors LLC trimmed | 57,241 | $2M | 1.4% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV | 55,025 | $2M | 1.4% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 54,814 | $1M | 1.4% | 2026-Q2 |
| Blue Sky Capital Consultants Group, Inc. added | 51,506 | $1M | 1.3% | 2026-Q2 |
| Kestra Investment Management, LLC added | 48,847 | $1M | 1.2% | 2026-Q2 |
| ATX Financial Planning, LLC trimmed | 39,883 | $1M | 1.0% | 2026-Q2 |
| Cetera Investment Advisers added | 36,392 | $995K | 0.9% | 2026-Q2 |
| Amplius Wealth Advisors, LLC | 29,647 | $811K | 0.7% | 2026-Q2 |
| Creative Planning | 27,420 | $750K | 0.7% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 27,261 | $745K | 0.7% | 2026-Q2 |
| Encompass More Asset Management trimmed | 26,797 | $733K | 0.7% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 26,671 | $729K | 0.7% | 2026-Q2 |
| Smith & Howard Wealth Management, LLC | 23,422 | $640K | 0.6% | 2026-Q2 |
| CROSSPOINT FINANCIAL, LLC | 21,683 | $593K | 0.5% | 2026-Q2 |
| Advisory Services Network, LLC added | 20,236 | $553K | 0.5% | 2026-Q2 |
| Ausdal Financial Partners, Inc. | 19,641 | $537K | 0.5% | 2026-Q2 |
| Strategic Blueprint, LLC trimmed | 17,165 | $469K | 0.4% | 2026-Q2 |
| SAGESPRING WEALTH PARTNERS, LLC trimmed | 16,492 | $451K | 0.4% | 2026-Q2 |
| Lido Advisors, LLC | 16,394 | $448K | 0.4% | 2026-Q2 |
| Shared Vision Wealth Group LLC | 14,254 | $390K | 0.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC | 13,533 | $370K | 0.3% | 2026-Q2 |
| OLD MISSION CAPITAL LLC trimmed | 12,019 | $329K | 0.3% | 2026-Q2 |
| MIDDLETON & CO INC/MA trimmed | 11,800 | $323K | 0.3% | 2026-Q2 |
| ARS Investment Partners, LLC | 9,990 | $273K | 0.3% | 2026-Q2 |
| Kovack Advisors, Inc. | 9,353 | $256K | 0.2% | 2026-Q2 |
| OneDigital Investment Advisors LLC | 8,613 | $235K | 0.2% | 2026-Q2 |
| Sigma Planning Corp new | 7,839 | $214K | 0.2% | 2026-Q2 |
| Prosperity Consulting Group, LLC | 7,827 | $214K | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 6,934 | $189K | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC | 2,345 | $64K | 0.1% | 2026-Q2 |
| FIDUCIARY FINANCIAL ADVISORS new | 1,759 | $48K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 1,683 | $46K | 0.0% | 2026-Q2 |
| Blue Trust, Inc. new | 1,450 | $40K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 600 | $16K | 0.0% | 2026-Q2 |
| Bernard Wealth Management Corp. | 371 | $10K | 0.0% | 2026-Q2 |
| AE Wealth Management LLC new | 211 | $6K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc | 80 | $2K | 0.0% | 2026-Q2 |
| ASHTON THOMAS SECURITIES, LLC new | 98,855 | $3M | 2.4% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC trimmed | 11,666 | $310K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Patriot Financial Group Insurance Agency, LLC new | 7,706 | $205K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Parallel Advisors, LLC | 600 | $16K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| UBS Group AG trimmed | 475 | $13K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 56,323 | $5M | 4.3% | 2025-Q4 stale (2 quarters behind) |
| MORGAN STANLEY new | 57,558 | $2M | 1.4% | 2025-Q4 stale (2 quarters behind) |
| High Falls Advisors, Inc added | 14,863 | $396K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| Elwood & Goetz Wealth Advisory Group, LLC trimmed | 8,693 | $232K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| KM Capital Management Ltd. | 55,025 | $1M | 1.3% | 2025-Q3 stale (3 quarters behind) |
| Stuart Chaussee & Associates, Inc. trimmed | 13,950 | $369K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| MML INVESTORS SERVICES, LLC new | 7,827 | $202K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.