Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Davis Fundamental ETF Tr (DFNL)

64 + 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
↑ +3
Streak
3Q ▲
Buyers last Q
50%

Smart Money Signals — DFNL

Based on 64 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 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
64 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 — +36% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+36% 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.
🟡

Slight buying edge — 50% buying

28 buying28 selling
Last quarter: 28 funds bought or added vs 28 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~9 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 12 → 14 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 20% medium ■ 22% new
37 out of 64 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.
💰

Price up while funds trimmed (+14% value, -7% shares)

Value
+13%
Shares
-6%
Last quarter: total value of institutional DFNL holdings rose +14% even though funds reduced share count by 7%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️

Steady discovery — ~9 new funds/quarter

5 → 4 → 12 → 14 → 9 new funds/Q
New funds entering each quarter: 4 → 12 → 14 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 27% newcomers

■ 66% veterans ■ 8% 1-2yr ■ 27% new
Entry-cohort mix of 64 holders: 42 (66%) are 2+ year veterans, 5 entered 1–2 years ago, and 17 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
11 of 64 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 Q2, 28 hedge funds were net buyers of DFNL (9 opened a new position, 19 added to an existing one), while 28 reduced or exited (22 trimmed, 6 sold completely) — a 50% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 37% of total institutional value in DFNL is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 64.

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

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: DFNL
64 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 64 61 4.92%
13F Shares 7M 7M -6.81%
Total Value $283M $249M 13.83%
New Positions 9 14 -5
Increased Positions 19 21 -2
Closed Positions 6 6 -
Reduced Positions 22 12 +10
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DFNL

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Institutional Holders (2026 Q2)

64 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Beacon Harbor Wealth Advisors, Inc. 2.93% 292,783 $15.0M
2 Next Level Private LLC 0.78% 80,971 $4.0M
3 Davis Selected Advisers 0.45% 2,130,666 $105.2M
4 Arkansas Financial Group, INC. 0.45% 69,802 $3.4M
5 Sittner & Nelson, LLC 0.35% 22,233 $1.1M
6 Inspire Advisors, LLC 0.22% 65,059 $3.2M
7 Melone Private Wealth, LLC 0.21% 11,225 $554K
8 Regatta Research & Money Management 0.13% 2,853 $141K
9 Carson Advisory Inc. 0.12% 5,500 $272K
10 Foresight Capital Management Advisors, INC. 0.12% 5,164 $255K
11 Hilltop Holdings Inc. 0.12% 31,482 $1.6M
12 Atlas Wealth LLC 0.12% 16,847 $832K
13 Summit Wealth Group LLC / Co 0.09% 22,615 $1.1M
14 Millstone Evans Group, LLC 0.09% 3,300 $163K
15 Strategic Wealth Investment Group, LLC 0.07% 11,125 $549K
16 Diligent Investors, LLC 0.06% 5,446 $269K
17 Kovack Advisors, Inc. 0.02% 9,418 $465K
18 Geneos Wealth Management Inc. 0.02% 20,865 $1.0M
19 D.A. Davidson & CO. 0.02% 75,878 $3.7M
20 Key FInancial Inc 0.02% 2,497 $123K
21 Sanctuary Advisors, LLC 0.02% 87,892 $4.3M
22 J.W. Cole Advisors, INC. 0.02% 19,054 $941K
23 Prospera Financial Services Inc 0.01% 17,923 $885K
24 Flagship Harbor Advisors, LLC 0.01% 6,119 $302K
25 Truist Financial Corp 0.01% 139,337 $6.9M
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 — 3 quarters in a row: For 3 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?

Slight buying edge — 50% buying: Last quarter: 28 funds bought or added vs 28 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DFNL holders?

Strong quality — 37% AUM from major funds: 11 of 64 holders rank in the top 100 by AUM, accounting for 37% 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?

58% of holders stayed for 2+ years: 37 out of 64 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.

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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