Who owns DVOL
Which tracked institutional funds hold DVOL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DVOL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 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
5 tracked funds added or opened DVOL while 7 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
DVOL’s largest tracked holder by dollar value, Csenge Advisory Group, sizes it at 1.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DVOL 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 39 tracked filers holding DVOL, 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 DVOL 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.
Full exits 3
- Baird Financial Group, Inc.$3M
- CWM, LLC$2M
- Cambridge Investment Research Advisors, Inc.$600K
Largest adds
- Csenge Advisory Group$7M
- ROYAL BANK OF CANADA$502K
- RAYMOND JAMES FINANCIAL INC$340K
- Warner Group LLC$335K
- Balefire, LLC$255K
Largest trims
- Private Advisory Group LLC$1M
- GOLDMAN SACHS GROUP INC$1M
- JPMORGAN CHASE & CO$735K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$375K
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 |
|---|---|---|---|---|
| Csenge Advisory Group added | 846,862 | $31M | 40.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 147,776 | $5M | 7.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 86,626 | $3M | 4.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 39,279 | $1M | 1.9% | 2026-Q2 |
| Nilsine Partners, LLC added | 38,576 | $1M | 1.8% | 2026-Q2 |
| Balefire, LLC added | 38,328 | $1M | 1.8% | 2026-Q2 |
| MORGAN STANLEY trimmed | 37,631 | $1M | 1.8% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 28,660 | $1M | 1.4% | 2026-Q2 |
| Sanctuary Advisors, LLC | 27,824 | $1M | 1.3% | 2026-Q2 |
| Warner Group LLC added | 21,010 | $768K | 1.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 17,942 | $656K | 0.9% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 17,218 | $629K | 0.8% | 2026-Q2 |
| Sigma Planning Corp added | 15,989 | $584K | 0.8% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 14,061 | $514K | 0.7% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 13,821 | $505K | 0.7% | 2026-Q2 |
| Concurrent Investment Advisors, LLC | 10,985 | $401K | 0.5% | 2026-Q2 |
| FIFTH THIRD BANCORP | 9,895 | $362K | 0.5% | 2026-Q2 |
| MTM Investment Management, LLC trimmed | 9,820 | $359K | 0.5% | 2026-Q2 |
| Allworth Financial LP | 9,218 | $337K | 0.4% | 2026-Q2 |
| Park Square Financial Group, LLC added | 9,196 | $336K | 0.4% | 2026-Q2 |
| Global Retirement Partners, LLC added | 7,656 | $280K | 0.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 7,534 | $275K | 0.4% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 7,388 | $270K | 0.4% | 2026-Q2 |
| Koshinski Asset Management, Inc. new | 7,200 | $263K | 0.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 7,093 | $259K | 0.3% | 2026-Q2 |
| PRIVATE TRUST CO NA | 6,578 | $240K | 0.3% | 2026-Q2 |
| Mutual Advisors, LLC | 6,563 | $240K | 0.3% | 2026-Q2 |
| Private Advisory Group LLC trimmed | 5,796 | $212K | 0.3% | 2026-Q2 |
| Weaver Consulting Group | 5,738 | $210K | 0.3% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 3,568 | $130K | 0.2% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 1,613 | $59K | 0.1% | 2026-Q2 |
| Arax Advisory Partners new | 698 | $26K | 0.0% | 2026-Q2 |
| Measured Wealth Private Client Group, LLC | 488 | $18K | 0.0% | 2026-Q2 |
| FMR LLC trimmed | 370 | $14K | 0.0% | 2026-Q2 |
| Hilton Head Capital Partners, LLC | 251 | $9K | 0.0% | 2026-Q2 |
| Lloyd Advisory Services, LLC. new | 176 | $6K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 173 | $6K | 0.0% | 2026-Q2 |
| Spire Wealth Management | 150 | $5K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 0 | $17 | 0.0% | 2026-Q2 |
| Baird Financial Group, Inc. added | 75,875 | $3M | 3.4% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC trimmed | 49,186 | $2M | 2.2% | 2026-Q1 stale (1 quarter behind) |
| Cambridge Investment Research Advisors, Inc. trimmed | 17,352 | $600K | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Independent Advisor Alliance new | 8,013 | $277K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| UBS Group AG added | 589 | $20K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 38,106 | $1M | 1.7% | 2025-Q4 stale (2 quarters behind) |
| FLOW TRADERS U.S. LLC new | 25,496 | $893K | 1.2% | 2025-Q4 stale (2 quarters behind) |
| CITADEL ADVISORS LLC added | 22,953 | $804K | 1.1% | 2025-Q4 stale (2 quarters behind) |
| Wealthcare Advisory Partners LLC added | 14,436 | $506K | 0.7% | 2025-Q4 stale (2 quarters behind) |
| COMERICA BANK | 9,895 | $347K | 0.5% | 2025-Q4 stale (2 quarters behind) |
| Virtus Wealth Solutions LLC trimmed | 198,964 | $7M | 9.2% | 2025-Q3 stale (3 quarters behind) |
| Brookwood Investment Group LLC added | 140,142 | $5M | 6.5% | 2025-Q3 stale (3 quarters behind) |
| Advisory Services Network, LLC trimmed | 1,105 | $39K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Ameritas Advisory Services, LLC | 484 | $17K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| US BANCORP \DE\ new | 68 | $2K | 0.0% | 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.