Who owns DWAS (DWAS)
Which tracked institutional funds hold DWAS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DWAS company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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
9 tracked funds added or opened DWAS while 11 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
DWAS’s largest tracked holder by dollar value, WEALTH ENHANCEMENT ADVISORY SERVICES, LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DWAS 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 101 tracked filers holding DWAS, 35 increased or opened the position and 47 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 DWAS 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.
New buyers 4
- Independent Advisor Alliance$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$970K
- JANE STREET GROUP, LLC$632K
- Tower Research Capital LLC (TRC)$550K
Full exits 2
- NorthCrest Asset Manangement, LLC$2M
- GTS SECURITIES LLC$775K
Largest adds
- GOLDMAN SACHS GROUP INC$3M
- LPL Financial LLC$3M
- MORGAN STANLEY$2M
- AQR CAPITAL MANAGEMENT LLC$299K
- CITADEL ADVISORS LLC$259K
Largest trims
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$403M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$33M
- BNP PARIBAS FINANCIAL MARKETS$4M
- Baird Financial Group, Inc.$3M
- Wealth Enhancement Trust Services, Inc.$2M
- KMG FIDUCIARY PARTNERS, LLC$2M
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 |
|---|---|---|---|---|
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 405,687 | $41M | 16.2% | 2026-Q1 |
| MORGAN STANLEY added | 340,393 | $34M | 13.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 219,931 | $22M | 8.5% | 2026-Q1 |
| LPL Financial LLC added | 154,067 | $15M | 6.0% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 132,197 | $13M | 5.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 124,560 | $12M | 4.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 109,693 | $11M | 4.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 103,794 | $10M | 4.0% | 2026-Q1 |
| UBS Group AG trimmed | 78,718 | $8M | 3.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 64,808 | $6M | 2.5% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 60,000 | $6M | 2.3% | 2026-Q1 |
| Sanctuary Advisors, LLC trimmed | 59,522 | $6M | 2.3% | 2026-Q1 |
| Family Capital Trust Co | 55,773 | $5M | 2.1% | 2026-Q1 |
| HighMark Wealth Management LLC added | 46,857 | $5M | 1.8% | 2026-Q1 |
| Vise Technologies, Inc. | 38,436 | $4M | 1.5% | 2026-Q1 |
| Biondo Investment Advisors, LLC added | 29,375 | $3M | 1.1% | 2026-Q1 |
| Prospera Financial Services Inc trimmed | 28,259 | $3M | 1.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 27,530 | $3M | 1.1% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 23,922 | $2M | 0.9% | 2026-Q1 |
| Cetera Investment Advisers added | 18,534 | $2M | 0.7% | 2026-Q1 |
| 1900 WEALTH MANAGEMENT LLC | 15,731 | $2M | 0.6% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 15,086 | $1M | 0.6% | 2026-Q1 |
| Snowden Capital Advisors LLC added | 14,608 | $1M | 0.6% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 14,140 | $1M | 0.5% | 2026-Q1 |
| NOTTINGHAM ADVISORS, INC. | 13,149 | $1M | 0.5% | 2026-Q1 |
| Independent Advisor Alliance trimmed | 12,960 | $1M | 0.5% | 2026-Q1 |
| Sound Income Strategies, LLC added | 11,173 | $1M | 0.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 10,353 | $1M | 0.4% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 10,249 | $1M | 0.4% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 9,851 | $970K | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 9,972 | $937K | 0.4% | 2026-Q1 |
| Trueblood Wealth Management, LLC trimmed | 9,256 | $912K | 0.4% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 9,044 | $891K | 0.4% | 2026-Q1 |
| KMG FIDUCIARY PARTNERS, LLC trimmed | 8,961 | $882K | 0.3% | 2026-Q1 |
| Private Advisor Group, LLC added | 8,679 | $855K | 0.3% | 2026-Q1 |
| Geneos Wealth Management Inc. trimmed | 8,049 | $793K | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 7,718 | $760K | 0.3% | 2026-Q1 |
| Financial Partners Group, Inc | 7,473 | $736K | 0.3% | 2026-Q1 |
| PARTNERS WEALTH MANAGEMENT, LLC added | 7,198 | $709K | 0.3% | 2026-Q1 |
| Quantinno Capital Management LP trimmed | 7,133 | $702K | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 6,943 | $684K | 0.3% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 6,660 | $656K | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 6,413 | $632K | 0.2% | 2026-Q1 |
| MorganRosel Wealth Management, LLC trimmed | 5,846 | $576K | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 5,562 | $556K | 0.2% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 5,585 | $550K | 0.2% | 2026-Q1 |
| CWM, LLC trimmed | 5,460 | $538K | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 5,060 | $498K | 0.2% | 2026-Q1 |
| Nemes Rush Group LLC trimmed | 4,563 | $449K | 0.2% | 2026-Q1 |
| Wealth Enhancement Trust Services, Inc. trimmed | 4,305 | $424K | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 4,203 | $414K | 0.2% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 4,011 | $395K | 0.2% | 2026-Q1 |
| Strid Group, LLC | 4,007 | $395K | 0.2% | 2026-Q1 |
| Creative Planning | 3,863 | $380K | 0.1% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 3,718 | $366K | 0.1% | 2026-Q1 |
| SCOTIA CAPITAL INC. | 3,557 | $350K | 0.1% | 2026-Q1 |
| Focus Partners Wealth trimmed | 3,452 | $340K | 0.1% | 2026-Q1 |
| GREAT VALLEY ADVISOR GROUP, INC. trimmed | 3,234 | $318K | 0.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 3,183 | $313K | 0.1% | 2026-Q1 |
| ProVise Management Group, LLC trimmed | 3,010 | $296K | 0.1% | 2026-Q1 |
| BlackRock, Inc. | 2,891 | $285K | 0.1% | 2026-Q1 |
| Mariner, LLC | 2,687 | $265K | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC | 2,579 | $254K | 0.1% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ | 2,550 | $251K | 0.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 2,542 | $250K | 0.1% | 2026-Q1 |
| Waverly Advisors, LLC added | 2,488 | $245K | 0.1% | 2026-Q1 |
| Focus Financial Network, Inc. trimmed | 2,471 | $243K | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP new | 2,415 | $237K | 0.1% | 2026-Q1 |
| CoreCap Advisors, LLC added | 2,382 | $235K | 0.1% | 2026-Q1 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | 2,327 | $229K | 0.1% | 2026-Q1 |
| Soltis Investment Advisors LLC | 2,263 | $223K | 0.1% | 2026-Q1 |
| MTM Investment Management, LLC | 2,164 | $213K | 0.1% | 2026-Q1 |
| FMR LLC added | 1,970 | $194K | 0.1% | 2026-Q1 |
| Spire Wealth Management | 1,910 | $188K | 0.1% | 2026-Q1 |
| IFP Advisors, Inc trimmed | 1,886 | $186K | 0.1% | 2026-Q1 |
| Advisory Services Network, LLC trimmed | 1,335 | $131K | 0.1% | 2026-Q1 |
| Cornerstone Planning Group LLC trimmed | 1,033 | $119K | 0.0% | 2026-Q1 |
| Founders Financial Alliance, LLC | 1,064 | $105K | 0.0% | 2026-Q1 |
| Sankala Group LLC trimmed | 992 | $96K | 0.0% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP trimmed | 988 | $95K | 0.0% | 2026-Q1 |
| Global Assets Advisory, LLC new | 575 | $57K | 0.0% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 525 | $52K | 0.0% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 460 | $45K | 0.0% | 2026-Q1 |
| Atria Investments, Inc trimmed | 21,321 | $2M | 0.7% | 2025-Q2 stale |
| NorthCrest Asset Manangement, LLC added | 16,909 | $2M | 0.6% | 2025-Q4 stale |
| OPPENHEIMER & CO INC trimmed | 16,784 | $1M | 0.6% | 2025-Q2 stale |
| TWO SIGMA INVESTMENTS, LP added | 9,500 | $806K | 0.3% | 2025-Q2 stale |
| GTS SECURITIES LLC added | 8,011 | $775K | 0.3% | 2025-Q4 stale |
| Fifth Third Securities, Inc. added | 9,662 | $753K | 0.3% | 2025-Q1 stale |
| IHT Wealth Management, LLC added | 5,000 | $461K | 0.2% | 2025-Q3 stale |
| NewEdge Advisors, LLC added | 4,551 | $440K | 0.2% | 2025-Q4 stale |
| Dynamic Advisor Solutions LLC trimmed | 4,569 | $356K | 0.1% | 2025-Q1 stale |
| AMERIPRISE FINANCIAL INC trimmed | 3,206 | $310K | 0.1% | 2025-Q4 stale |
| OLD MISSION CAPITAL LLC trimmed | 3,321 | $282K | 0.1% | 2025-Q2 stale |
| CreativeOne Wealth, LLC new | 2,706 | $262K | 0.1% | 2025-Q4 stale |
| LJI Wealth Management, LLC trimmed | 2,746 | $214K | 0.1% | 2025-Q1 stale |
| Belpointe Asset Management LLC added | 2,411 | $205K | 0.1% | 2025-Q2 stale |
| Centerpoint Advisory Group trimmed | 2,610 | $204K | 0.1% | 2025-Q1 stale |
| Hemington Wealth Management | 912 | $84K | 0.0% | 2025-Q3 stale |
| Blue Trust, Inc. added | 918 | $72K | 0.0% | 2025-Q1 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.