Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Davis Fundamental ETF Tr (DFNL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
2Q ▲
Buyers last Q
66%

Smart Money Signals — DFNL

Based on 61 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added DFNL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
61 hedge funds hold DFNL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +42% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+42% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 66% buying

35 buying18 selling
Last quarter: 35 funds were net buyers (14 opened a brand new position + 21 added to an existing one). Only 18 were sellers (12 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~14 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 4 → 12 → 14. 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+) ■ 15% medium ■ 30% new
34 out of 61 hedge funds have held DFNL 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.
💎

Buying through price weakness — shares +22%, value -16%

Value
-15%
Shares
+21%
Last quarter: funds added +22% more shares while total portfolio value only changed -16%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

4 → 5 → 4 → 12 → 14 new funds/Q
New funds entering each quarter: 5 → 4 → 12 → 14. A growing number of institutions are discovering DFNL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 64% of holders stayed 2+ years

■ 64% veterans ■ 10% 1-2yr ■ 26% new
Of 61 current holders: 39 (64%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
14 of 61 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — DFNL

In 2026 Q1, 35 hedge funds were net buyers of DFNL (14 opened a new position, 21 added to an existing one), while 18 reduced or exited (12 trimmed, 6 sold completely) — a 66% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 39% of total institutional value in DFNL is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 61.

Hedge Fund Ownership: DFNL

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

Market Analysis: DFNL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DFNL

-- --

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

Is It Too Late to Buy Davis Fundamental ETF Tr (DFNL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DFNL 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 · 79d ago
DFNL
+7.0%
SPY
+13.9%

DFNL outperformed SPY by -6.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
DFNL
+5.0%
SPY
+0.2%

Since the filing became public, DFNL outperformed SPY by +4.8% .

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.

3 top-rated funds 1 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: DFNL
61 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 61 53 15.09%
13F Shares 7M 6M 21.62%
Total Value $249M $294M -15.55%
New Positions 14 12 +2
Increased Positions 21 22 -1
Closed Positions 6 3 +3
Reduced Positions 12 11 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DFNL

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

61 + investors

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

QUARTER:
Top 25 DFNL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Willow Financial LLC 5.33% 117,411 $5.3M
2 Next Level Private LLC 0.83% 81,723 $3.7M
3 Davis Selected Advisers 0.44% 2,130,666 $95.5M
4 Arkansas Financial Group, INC. 0.40% 61,463 $2.9M
5 Sittner & Nelson, LLC 0.33% 20,233 $907K
6 Inspire Advisors, LLC 0.23% 61,666 $2.8M
7 Melone Private Wealth, LLC 0.21% 11,525 $517K
8 Carson Advisory Inc. 0.13% 5,500 $247K
9 Foresight Capital Management Advisors, INC. 0.13% 5,075 $228K
10 Summit Wealth Group LLC / Co 0.11% 22,815 $1.0M
11 Hilltop Holdings Inc. 0.10% 24,529 $1.1M
12 Millstone Evans Group, LLC 0.09% 3,300 $148K
13 Diligent Investors, LLC 0.06% 5,446 $244K
14 Strategic Wealth Investment Group, LLC 0.05% 9,419 $422K
15 J.W. Cole Advisors, INC. 0.03% 21,104 $946K
16 Kovack Advisors, Inc. 0.02% 9,435 $423K
17 Geneos Wealth Management Inc. 0.02% 20,866 $936K
18 Sanctuary Advisors, LLC 0.02% 89,380 $4.0M
19 D.A. Davidson & CO. 0.02% 78,253 $3.5M
20 Key FInancial Inc 0.02% 2,497 $112K
21 Prospera Financial Services Inc 0.01% 17,765 $797K
22 Flagship Harbor Advisors, LLC 0.01% 6,119 $274K
23 Truist Financial Corp 0.01% 138,949 $6.2M
24 Kestra Advisory Services, LLC 0.01% 45,860 $2.1M
25 HighTower Advisors, LLC 0.01% 126,867 $5.7M
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 — Davis Fundamental ETF Tr (DFNL)

What does the Smart Money Trend signal show for DFNL?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added DFNL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DFNL?

More buyers than sellers — 66% buying: Last quarter: 35 funds were net buyers (14 opened a brand new position + 21 added to an existing one). Only 18 were sellers (12 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for DFNL holders?

Strong quality — 39% AUM from major funds: 14 of 61 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held DFNL?

56% of holders stayed for 2+ years: 34 out of 61 hedge funds have held DFNL 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 Davis Fundamental ETF Tr (DFNL) following the 2026 Q1 hedge fund 13F filings?

As of today, DFNL has moved +5.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +4.8%. Since the quarter end (March 31, 2026), DFNL has gained +7.0% vs +13.9% 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.

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