Who owns DWAW (DWAW)
Which tracked institutional funds hold DWAW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DWAW 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
The tracked-fund tape on DWAW is one-sided between 2025-Q4 and 2026-Q1: 0 added or opened and 2 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
DWAW’s largest tracked holder by dollar value, Virtus Wealth Solutions LLC, sizes it at 12.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 12.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DWAW 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 12 tracked filers holding DWAW, 3 increased or opened the position and 9 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 DWAW 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
- Virtus Wealth Solutions LLC$1M
- Prospera Financial Services Inc$999K
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 |
|---|---|---|---|---|
| Virtus Wealth Solutions LLC added | 1,539,680 | $66M | 87.0% | 2026-Q1 |
| Prospera Financial Services Inc trimmed | 120,544 | $5M | 6.8% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 25,816 | $1M | 1.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 16,117 | $692K | 0.9% | 2026-Q1 |
| LPL Financial LLC trimmed | 11,853 | $509K | 0.7% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 11,416 | $490K | 0.6% | 2026-Q1 |
| Private Advisory Group LLC trimmed | 9,691 | $416K | 0.5% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 8,540 | $367K | 0.5% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 5,158 | $224K | 0.3% | 2026-Q1 |
| ADVISORTRUST PARTNERS, LLC new | 4,078 | $175K | 0.2% | 2026-Q1 |
| MORGAN STANLEY | 1,733 | $74K | 0.1% | 2026-Q1 |
| UBS Group AG added | 1,184 | $51K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 11,381 | $499K | 0.7% | 2025-Q3 stale |
| Kestra Advisory Services, LLC new | 2,009 | $89K | 0.1% | 2025-Q4 stale |
| Steward Partners Investment Advisory, LLC new | 93 | $4K | 0.0% | 2025-Q3 stale |
| IFP Advisors, Inc trimmed | 44 | $2K | 0.0% | 2025-Q1 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.