Who owns DWX
Which tracked institutional funds hold DWX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DWX company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-27). 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
17 tracked funds added or opened DWX while 12 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
DWX’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes DWX more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DWX 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 137 tracked filers holding DWX, 56 increased or opened the position and 67 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 DWX 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 6
- FDx Advisors, Inc.$2M
- JANE STREET GROUP, LLC$1M
- ELEVATION POINT WEALTH PARTNERS, LLC$1M
- Virtu Financial LLC$818K
- Composition Wealth, LLC$560K
- CITADEL ADVISORS LLC$522K
Full exits 3
- Dorsey Wright & Associates$3M
- &PARTNERS$643K
- VestGen Investment Management$550K
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$4M
- MORGAN STANLEY$2M
- OSAIC HOLDINGS, INC.$1M
- Baker Avenue Asset Management, LP$1M
- Columbia River Financial Group, LLC$1M
- BANK OF AMERICA CORP /DE/$987K
Largest trims
- WELLS FARGO & COMPANY/MN$12M
- ENVESTNET ASSET MANAGEMENT INC$4M
- UBS Group AG$2M
- Cetera Investment Advisers$1M
- STIFEL FINANCIAL CORP$425K
- Cambridge Investment Research Advisors, Inc.$317K
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 852,233 | $39M | 13.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 706,691 | $32M | 11.3% | 2026-Q1 |
| UBS Group AG trimmed | 391,580 | $18M | 6.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 356,605 | $16M | 5.7% | 2026-Q1 |
| Columbia River Financial Group, LLC added | 293,503 | $13M | 4.7% | 2026-Q1 |
| Baker Avenue Asset Management, LP added | 260,457 | $12M | 4.2% | 2026-Q1 |
| Concord Wealth Partners added | 254,362 | $12M | 4.1% | 2026-Q1 |
| Concord Asset Management, LLC/VA added | 248,172 | $11M | 4.0% | 2026-Q1 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management added | 220,321 | $10M | 3.5% | 2026-Q1 |
| LPL Financial LLC trimmed | 189,918 | $9M | 3.0% | 2026-Q1 |
| Focus Partners Wealth added | 148,928 | $7M | 2.4% | 2026-Q1 |
| Allen Capital Group, LLC trimmed | 139,179 | $6M | 2.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 118,699 | $5M | 1.9% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 105,203 | $5M | 1.7% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 103,394 | $5M | 1.7% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 81,633 | $4M | 1.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 76,133 | $3M | 1.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 68,559 | $3M | 1.1% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 67,595 | $3M | 1.1% | 2026-Q1 |
| Mount Lucas Management LP trimmed | 64,345 | $3M | 1.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 56,980 | $3M | 0.9% | 2026-Q1 |
| Red Tortoise LLC added | 48,930 | $2M | 0.8% | 2026-Q1 |
| WealthShield Partners, LLC trimmed | 47,215 | $2M | 0.8% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 46,177 | $2M | 0.7% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 43,251 | $2M | 0.7% | 2026-Q1 |
| Equitable Holdings, Inc. added | 40,678 | $2M | 0.6% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 39,794 | $2M | 0.6% | 2026-Q1 |
| McAdam, LLC added | 37,230 | $2M | 0.6% | 2026-Q1 |
| FDx Advisors, Inc. trimmed | 33,886 | $2M | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 31,051 | $1M | 0.5% | 2026-Q1 |
| Invesco Ltd. trimmed | 30,976 | $1M | 0.5% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 28,370 | $1M | 0.5% | 2026-Q1 |
| ELEVATION POINT WEALTH PARTNERS, LLC trimmed | 28,019 | $1M | 0.4% | 2026-Q1 |
| Parallel Advisors, LLC trimmed | 26,940 | $1M | 0.4% | 2026-Q1 |
| Heartwood Wealth Advisors LLC | 24,906 | $1M | 0.4% | 2026-Q1 |
| Key Financial Inc trimmed | 24,280 | $1M | 0.4% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 22,407 | $1M | 0.4% | 2026-Q1 |
| PARTNERS WEALTH MANAGEMENT, LLC trimmed | 22,159 | $1M | 0.4% | 2026-Q1 |
| BRANDYWINE OAK PRIVATE WEALTH LLC trimmed | 21,226 | $968K | 0.3% | 2026-Q1 |
| WINEBRENNER CAPITAL MANAGEMENT LLC | 20,535 | $936K | 0.3% | 2026-Q1 |
| Novak & Powell Financial Services, Inc. added | 20,000 | $912K | 0.3% | 2026-Q1 |
| DUMONT & BLAKE INVESTMENT ADVISORS LLC trimmed | 19,826 | $904K | 0.3% | 2026-Q1 |
| HBK Sorce Advisory LLC trimmed | 18,089 | $845K | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 18,306 | $819K | 0.3% | 2026-Q1 |
| Virtu Financial LLC added | 17,935 | $818K | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 16,448 | $750K | 0.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 16,273 | $742K | 0.3% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 15,815 | $721K | 0.3% | 2026-Q1 |
| Fifth Third Securities, Inc. added | 15,737 | $718K | 0.3% | 2026-Q1 |
| Manske Wealth Management trimmed | 13,609 | $621K | 0.2% | 2026-Q1 |
| D.A. DAVIDSON & CO. trimmed | 12,646 | $577K | 0.2% | 2026-Q1 |
| Composition Wealth, LLC new | 12,289 | $560K | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 11,722 | $535K | 0.2% | 2026-Q1 |
| Capital Analysts, LLC added | 11,688 | $533K | 0.2% | 2026-Q1 |
| NewEdge Advisors, LLC trimmed | 4,881 | $528K | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 11,456 | $522K | 0.2% | 2026-Q1 |
| CITIGROUP INC trimmed | 11,401 | $520K | 0.2% | 2026-Q1 |
| Beverly Hills Private Wealth, LLC trimmed | 10,910 | $498K | 0.2% | 2026-Q1 |
| Curbstone Financial Management Corp | 10,708 | $488K | 0.2% | 2026-Q1 |
| Creative Planning added | 9,934 | $453K | 0.2% | 2026-Q1 |
| AlphaCentric Advisors LLC added | 9,861 | $450K | 0.2% | 2026-Q1 |
| PFG Investments, LLC trimmed | 9,843 | $449K | 0.2% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 9,652 | $440K | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 9,544 | $435K | 0.2% | 2026-Q1 |
| Mariner, LLC trimmed | 8,440 | $385K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 8,269 | $377K | 0.1% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 7,740 | $353K | 0.1% | 2026-Q1 |
| Rehmann Capital Advisory Group | 7,560 | $345K | 0.1% | 2026-Q1 |
| Balentine LLC trimmed | 7,540 | $344K | 0.1% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 7,505 | $342K | 0.1% | 2026-Q1 |
| TMB Capital Partners, LLC | 7,493 | $342K | 0.1% | 2026-Q1 |
| MB Generational Wealth, LLC | 6,928 | $316K | 0.1% | 2026-Q1 |
| Creekside Partners added | 6,682 | $305K | 0.1% | 2026-Q1 |
| Counterweight Ventures, LLC | 6,675 | $304K | 0.1% | 2026-Q1 |
| Savant Capital, LLC | 6,437 | $294K | 0.1% | 2026-Q1 |
| WealthPoint Financial, LLC | 6,614 | $291K | 0.1% | 2026-Q1 |
| Southland Equity Partners LLC trimmed | 6,247 | $285K | 0.1% | 2026-Q1 |
| Cerity Partners LLC new | 6,098 | $278K | 0.1% | 2026-Q1 |
| MAI Capital Management | 5,900 | $269K | 0.1% | 2026-Q1 |
| Treasure Coast Financial Planning new | 5,867 | $268K | 0.1% | 2026-Q1 |
| Stablepoint Partners, LLC trimmed | 5,848 | $267K | 0.1% | 2026-Q1 |
| Q3 Asset Management new | 153,000 | $6M | 2.1% | 2025-Q1 stale |
| Dorsey Wright & Associates added | 67,756 | $3M | 1.0% | 2025-Q4 stale |
| Newbridge Financial Services Group, Inc. added | 19,915 | $850K | 0.3% | 2025-Q3 stale |
| Compound Planning, Inc. added | 19,915 | $850K | 0.3% | 2025-Q3 stale |
| Freedom Investment Management, Inc. trimmed | 19,077 | $804K | 0.3% | 2025-Q2 stale |
| &PARTNERS added | 14,645 | $643K | 0.2% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 13,253 | $559K | 0.2% | 2025-Q2 stale |
| VestGen Investment Management added | 12,515 | $550K | 0.2% | 2025-Q4 stale |
| AXXCESS WEALTH MANAGEMENT, LLC | 10,850 | $477K | 0.2% | 2025-Q4 stale |
| Brown Miller Wealth Management, LLC | 10,850 | $477K | 0.2% | 2025-Q4 stale |
| Kovitz Investment Group Partners, LLC | 9,193 | $393K | 0.1% | 2025-Q3 stale |
| COMERICA BANK added | 8,616 | $379K | 0.1% | 2025-Q4 stale |
| Transform Wealth, LLC | 9,193 | $353K | 0.1% | 2025-Q1 stale |
| Legacy Capital Group California, Inc. added | 7,868 | $346K | 0.1% | 2025-Q4 stale |
| Global Retirement Partners, LLC added | 7,400 | $325K | 0.1% | 2025-Q4 stale |
| Stratos Wealth Partners, LTD. trimmed | 8,419 | $323K | 0.1% | 2025-Q1 stale |
| GOLDMAN SACHS GROUP INC trimmed | 6,513 | $286K | 0.1% | 2025-Q4 stale |
| FOUNDERS FINANCIAL SECURITIES LLC new | 6,663 | $272K | 0.1% | 2025-Q1 stale |
| Beta Wealth Group, Inc. added | 6,350 | $271K | 0.1% | 2025-Q3 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.