Who owns DSL
Which tracked institutional funds hold DSL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DSL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
24 tracked funds added or opened DSL while 21 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
DSL’s largest tracked holder by dollar value, McGowan Group Asset Management, Inc., sizes it at 4.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DSL 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 158 tracked filers holding DSL, 89 increased or opened the position and 75 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 DSL 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
- Strong Tower Advisory Services$832K
- Pettinga Financial Advisors LLC$534K
Full exits 13
- Penserra Capital Management LLC$22M
- Janney Montgomery Scott LLC$7M
- COHEN & STEERS, INC.$5M
- HighTower Advisors, LLC$4M
- Ascentis Independent Advisors$4M
- M Holdings Securities, Inc.$2M
Largest adds
- BANK OF AMERICA CORP /DE/$5M
- D.A. DAVIDSON & CO.$2M
- NewEdge Advisors, LLC$2M
- GUGGENHEIM CAPITAL LLC$2M
- AMERIPRISE FINANCIAL INC$1M
- MORGAN STANLEY$1M
Largest trims
- UBS Group AG$5M
- 1607 Capital Partners, LLC$3M
- Activest Wealth Management$1M
- ROYAL BANK OF CANADA$1M
- RAYMOND JAMES FINANCIAL INC$529K
- MATRIX PRIVATE CAPITAL GROUP LLC$447K
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 |
|---|---|---|---|---|
| McGowan Group Asset Management, Inc. added | 2,938,932 | $33M | 12.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,668,961 | $30M | 11.2% | 2026-Q2 |
| MORGAN STANLEY added | 2,377,823 | $26M | 10.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,052,276 | $23M | 8.6% | 2026-Q2 |
| Invesco Ltd. added | 1,125,915 | $12M | 4.7% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 1,027,117 | $11M | 4.3% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 777,126 | $9M | 3.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 694,457 | $8M | 2.9% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 671,758 | $7M | 2.8% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 670,828 | $7M | 2.8% | 2026-Q2 |
| LPL Financial LLC added | 588,407 | $7M | 2.5% | 2026-Q2 |
| UBS Group AG trimmed | 500,207 | $6M | 2.1% | 2026-Q2 |
| Intellectus Partners, LLC trimmed | 422,950 | $5M | 1.8% | 2026-Q2 |
| Shaker Financial Services, LLC trimmed | 355,669 | $4M | 1.5% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 352,342 | $4M | 1.5% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 348,910 | $4M | 1.5% | 2026-Q2 |
| 1607 Capital Partners, LLC trimmed | 315,345 | $3M | 1.3% | 2026-Q2 |
| Parallel Advisors, LLC added | 300,506 | $3M | 1.3% | 2026-Q2 |
| Trinity Legacy Partners, LLC trimmed | 277,377 | $3M | 1.1% | 2026-Q2 |
| Cetera Investment Advisers added | 259,563 | $3M | 1.1% | 2026-Q2 |
| Stratos Wealth Advisors, LLC added | 246,847 | $3M | 1.0% | 2026-Q2 |
| Journey Advisory Group, LLC trimmed | 230,114 | $3M | 1.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 210,919 | $2M | 0.9% | 2026-Q2 |
| Strategic Wealth Partners, Ltd. trimmed | 188,529 | $2M | 0.8% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 177,028 | $2M | 0.7% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 170,093 | $2M | 0.7% | 2026-Q2 |
| Rareview Capital LLC added | 166,033 | $2M | 0.8% | 2026-Q2 |
| SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC added | 140,513 | $2M | 0.6% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 136,339 | $2M | 0.6% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 117,415 | $1M | 0.5% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 112,059 | $1M | 0.5% | 2026-Q2 |
| Wealthcare Advisory Partners LLC trimmed | 110,390 | $1M | 0.5% | 2026-Q2 |
| PARAGON CAPITAL MANAGEMENT INC added | 108,742 | $1M | 0.5% | 2026-Q2 |
| Logan Stone Capital, LLC added | 106,340 | $1M | 0.4% | 2026-Q2 |
| Sovran Advisors, LLC added | 101,190 | $1M | 0.4% | 2026-Q2 |
| Gridiron Partners, LLC added | 97,146 | $1M | 0.4% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 91,959 | $1M | 0.4% | 2026-Q2 |
| Baird Financial Group, Inc. added | 88,102 | $974K | 0.4% | 2026-Q2 |
| Arax Advisory Partners added | 79,547 | $880K | 0.3% | 2026-Q2 |
| Strong Tower Advisory Services new | 75,194 | $832K | 0.3% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 68,508 | $758K | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 67,480 | $746K | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 67,247 | $744K | 0.3% | 2026-Q2 |
| &PARTNERS trimmed | 65,864 | $727K | 0.3% | 2026-Q2 |
| Left Brain Wealth Management, LLC trimmed | 64,090 | $709K | 0.3% | 2026-Q2 |
| Calamos Advisors LLC added | 59,074 | $653K | 0.2% | 2026-Q2 |
| GHE, LLC added | 58,450 | $646K | 0.2% | 2026-Q2 |
| Maridea Wealth Management LLC added | 57,782 | $639K | 0.2% | 2026-Q2 |
| Ramiah Investment Group added | 57,562 | $637K | 0.2% | 2026-Q2 |
| MATRIX PRIVATE CAPITAL GROUP LLC trimmed | 57,144 | $632K | 0.2% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 56,929 | $630K | 0.2% | 2026-Q2 |
| Fort Sheridan Advisors LLC added | 55,953 | $619K | 0.2% | 2026-Q2 |
| LANARK FINANCIAL, INC. added | 53,135 | $588K | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 51,196 | $566K | 0.2% | 2026-Q2 |
| MAI Capital Management added | 50,815 | $562K | 0.2% | 2026-Q2 |
| Cypress Capital Group | 49,895 | $552K | 0.2% | 2026-Q2 |
| PENSION & WEALTH MANAGEMENT ADVISORS, INC. added | 49,346 | $546K | 0.2% | 2026-Q2 |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors added | 49,128 | $543K | 0.2% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 48,860 | $540K | 0.2% | 2026-Q2 |
| Pettinga Financial Advisors LLC new | 48,293 | $534K | 0.2% | 2026-Q2 |
| E&G Advisors, LLC trimmed | 47,000 | $520K | 0.2% | 2026-Q2 |
| XTX Topco Ltd trimmed | 46,436 | $514K | 0.2% | 2026-Q2 |
| Peregrine Asset Advisers, Inc. trimmed | 46,420 | $513K | 0.2% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC trimmed | 46,153 | $510K | 0.2% | 2026-Q2 |
| EASTERLY INVESTMENT PARTNERS LLC added | 44,627 | $494K | 0.2% | 2026-Q2 |
| Sequent Planning LLC added | 42,904 | $475K | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 42,114 | $466K | 0.2% | 2026-Q2 |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC added | 36,030 | $398K | 0.2% | 2026-Q2 |
| Triumph Capital Management added | 34,777 | $385K | 0.1% | 2026-Q2 |
| Approach Retirement Advisors, LLC added | 34,739 | $384K | 0.1% | 2026-Q2 |
| HOLLENCREST CAPITAL MANAGEMENT trimmed | 33,614 | $372K | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 33,546 | $371K | 0.1% | 2026-Q2 |
| United Advisor Group, LLC trimmed | 31,516 | $349K | 0.1% | 2026-Q2 |
| Mariner, LLC added | 31,344 | $347K | 0.1% | 2026-Q2 |
| Sowell Financial Services LLC added | 30,363 | $336K | 0.1% | 2026-Q2 |
| SILVER OAK SECURITIES, INCORPORATED added | 28,484 | $315K | 0.1% | 2026-Q2 |
| Sage Capital Advisors,llc trimmed | 28,407 | $314K | 0.1% | 2026-Q2 |
| CALTON & ASSOCIATES, INC. trimmed | 28,313 | $313K | 0.1% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 26,928 | $298K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 26,806 | $296K | 0.1% | 2026-Q2 |
| Activest Wealth Management trimmed | 26,411 | $292K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 25,335 | $280K | 0.1% | 2026-Q2 |
| Creekside Partners added | 24,815 | $274K | 0.1% | 2026-Q2 |
| WORLD EQUITY GROUP, INC. added | 24,696 | $273K | 0.1% | 2026-Q2 |
| Kovack Advisors, Inc. trimmed | 22,737 | $251K | 0.1% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. added | 22,324 | $247K | 0.1% | 2026-Q2 |
| SeaCrest Wealth Management, LLC added | 22,175 | $245K | 0.1% | 2026-Q2 |
| Next Level Private LLC added | 21,602 | $239K | 0.1% | 2026-Q2 |
| FIRST FOUNDATION ADVISORS | 20,553 | $227K | 0.1% | 2026-Q2 |
| Marex Group Ltd trimmed | 20,500 | $227K | 0.1% | 2026-Q2 |
| BCS Private Wealth Management, Inc. new | 20,235 | $224K | 0.1% | 2026-Q2 |
| NOMURA HOLDINGS INC added | 20,000 | $221K | 0.1% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 19,919 | $220K | 0.1% | 2026-Q2 |
| Capital Investment Advisors, LLC added | 19,750 | $218K | 0.1% | 2026-Q2 |
| INSIGNEO ADVISORY SERVICES, LLC added | 19,088 | $211K | 0.1% | 2026-Q2 |
| Focus Financial Network, Inc. added | 18,096 | $200K | 0.1% | 2026-Q2 |
| Future Financial Wealth Managment LLC | 18,000 | $191K | 0.1% | 2026-Q2 |
| CURA WEALTH ADVISORS, LLC | 17,165 | $190K | 0.1% | 2026-Q2 |
| Avidian Wealth Enterprises, LLC | 16,000 | $177K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 15,901 | $176K | 0.1% | 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.