Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exchange Traded Fd (DALI)

17 + Investors. Track Smart Money conviction in DALI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
33%

Smart Money Signals — DALI

Based on 18 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊

High ownership — 72% of 3.0Y peak

72% of all-time peak
18 funds currently hold this stock — 72% of the 3.0-year high of 25 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+2 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 33% buying

6 buying12 selling
Last quarter: 12 funds sold vs only 6 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 1 → 3 → 5 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 28% medium ■ 17% new
10 out of 18 hedge funds have held DALI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~4 new funds/quarter

1 → 1 → 3 → 5 → 4 new funds/Q
New funds entering each quarter: 1 → 3 → 5 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 72% veterans vs 17% newcomers

■ 72% veterans ■ 11% 1-2yr ■ 17% new
Entry-cohort mix of 18 holders: 13 (72%) are 2+ year veterans, 2 entered 1–2 years ago, and 3 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 3% AUM from top-100

3% from top-100 AUM funds
6 of 18 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DALI

In 2026 Q1, 6 hedge funds were net buyers of DALI (4 opened a new position, 2 added to an existing one), while 12 reduced or exited (8 trimmed, 4 sold completely) — a 33% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 18.

Hedge Fund Ownership: DALI

How many hedge funds hold DALI — quarterly history vs. share price
Quarterly hedge fund ownership of DALI vs. share price

Market Analysis: DALI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DALI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy First Tr Exchange Traded Fd (DALI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DALI has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 84d ago
DALI
+10.6%
SPY
+14.9%

DALI outperformed SPY by -4.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
DALI
+1.8%
SPY
+1.1%

Since the filing became public, DALI outperformed SPY by +0.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: DALI
17 + Investors

Track Smart Money conviction in DALI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 17 18 -5.56%
13F Shares 4M 4M -8.64%
Total Value $101M $114M -11.62%
New Positions 4 5 -1
Increased Positions 2 4 -2
Closed Positions 5 1 +4
Reduced Positions 7 5 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DALI

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

17 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DALI. Verified SEC 13F-HR filings.

QUARTER:
Top 18 DALI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Strid Group, LLC 11.31% 3,279,576 $91.2M
2 Prospera Financial Services Inc 0.07% 146,950 $4.1M
3 Holos Integrated Wealth LLC 0.04% 2,650 $75K
4 Keel Point, LLC 0.03% 16,266 $453K
5 Cherry Tree Wealth Management, LLC 0.01% 2,467 $69K
6 Pathstone Holdings, LLC 0.01% 46,346 $1.3M
7 Advisortrust Partners, LLC 0.01% 436 $12K
8 Western Wealth Management, LLC 0.00% 2,871 $80K
9 LPL Financial LLC 0.00% 72,449 $2.0M
10 Advisory Services Network, LLC 0.00% 783 $22K
11 Founders Financial Alliance, LLC 0.00% 50 $1K
12 Stifel Financial Corp 0.00% 8,015 $223K
13 Jane Street Group, LLC 0.00% 22,125 $616K
14 Raymond James Financial Inc 0.00% 9,144 $254K
15 Citadel Advisors LLC 0.00% 15,856 $441K
16 Morgan Stanley 0.00% 3,548 $99K
17 UBS Group AG 0.00% 383 $11K
18 Wells Fargo & Company/Mn 0.00% 2 —
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — First Tr Exchange Traded Fd (DALI)

What does the Smart Money Trend signal show for DALI?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for DALI?

Heavy selling pressure — only 33% buying: Last quarter: 12 funds sold vs only 6 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for DALI holders?

Smaller funds dominant — 3% AUM from top-100: 6 of 18 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DALI?

56% of holders stayed for 2+ years: 10 out of 18 hedge funds have held DALI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy First Tr Exchange Traded Fd (DALI) following the 2026 Q1 hedge fund 13F filings?

As of today, DALI has moved +1.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of +0.7%. Since the quarter end (March 31, 2026), DALI has gained +10.6% vs +14.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →