Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exchng Traded Fd VI (DNOV)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
2Q ▲
Buyers last Q
36%

Smart Money Signals — DNOV

Based on 121 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 DNOV 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
121 hedge funds hold DNOV 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.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 36% buying

31 buying55 selling
Last quarter: 55 funds sold vs only 31 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-16 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 9 → 6 → 25 → 9. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

48% of holders stayed for 2+ years

48% conviction (2yr+) 28% medium 24% new
58 out of 121 hedge funds have held DNOV 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 — ~9 new funds/quarter

8 → 9 → 6 → 25 → 9 new funds/Q
New funds entering each quarter: 9 → 6 → 25 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 51% veterans vs 28% newcomers

51% veterans 21% 1-2yr 28% new
Entry-cohort mix of 121 holders: 62 (51%) are 2+ year veterans, 25 entered 1–2 years ago, and 34 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 8% AUM from top-100

8% from top-100 AUM funds
9 of 121 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — 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 — DNOV

In 2026 Q1, 31 hedge funds were net buyers of DNOV (9 opened a new position, 22 added to an existing one), while 55 reduced or exited (50 trimmed, 5 sold completely) — a 36% buyer ratio, indicating net institutional distribution. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 121.

Hedge Fund Ownership: DNOV

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

Market Analysis: DNOV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DNOV

-- --

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

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

Signal Freshness measures how much DNOV 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 · 78d ago
DNOV
+6.6%
SPY
+15.9%

DNOV outperformed SPY by -9.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
DNOV
+0.7%
SPY
+2.0%

Since the filing became public, DNOV outperformed SPY by -1.3% .

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 2 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: DNOV
119 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 119 117 1.71%
13F Shares 4M 4M 1.09%
Total Value $163M $175M -6.76%
New Positions 9 25 -16
Increased Positions 22 39 -17
Closed Positions 7 10 -3
Reduced Positions 49 31 +18
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DNOV

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Institutional Holders (2026 Q1)

119 + investors

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

QUARTER:
Top 25 DNOV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Benson Wealth Management INC 5.24% 79,960 $3.8M
2 Winnow Wealth LLC 3.66% 99,091 $4.7M
3 Echo Wealth Management, LLC 1.94% 70,275 $3.4M
4 Tanglewood Legacy Advisors, LLC 1.10% 63,336 $3.0M
5 REAP Financial Group, LLC 0.95% 100,760 $4.8M
6 Nova Wealth Management, Inc. 0.83% 26,574 $1.3M
7 Mission Financial Group, LLC 0.78% 17,598 $843K
8 Precedent Wealth Partners, LLC 0.64% 66,686 $3.2M
9 Castleview Partners, LLC 0.63% 25,526 $1.2M
10 Oakmont Advisory Group, LLC 0.47% 8,971 $438K
11 Spectrum Asset Management, Inc. (NB/CA) 0.43% 28,381 $1.4M
12 Arbor Capital Management Inc /Adv 0.39% 9,834 $478K
13 Financial Network Wealth Advisors LLC 0.38% 7,835 $375K
14 Ashton Thomas Securities, LLC 0.33% 54,519 $2.6M
15 Madrona Financial Services, LLC 0.33% 31,081 $1.5M
16 Grantvest Financial Group LLC 0.31% 10,004 $479K
17 Keystone Wealth Services, LLC 0.27% 25,971 $1.2M
18 Evolution Wealth Management INC. 0.24% 6,879 $330K
19 LifeWealth Investments, LLC 0.23% 16,242 $778K
20 Lakeridge Wealth Management LLC 0.22% 10,794 $517K
21 Oder Investment Management, LLC 0.22% 5,878 $282K
22 1st Source Bank 0.21% 86,361 $4.1M
23 Capasso Planning Partners LLC 0.21% 8,053 $386K
24 Integrity Financial Corp /WA 0.20% 8,497 $407K
25 Founders Financial Securities LLC 0.20% 67,875 $3.3M
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 Exchng Traded Fd VI (DNOV)

What does the Smart Money Trend signal show for DNOV?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added DNOV 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 DNOV?

Heavy selling pressure — only 36% buying: Last quarter: 55 funds sold vs only 31 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 DNOV holders?

Smaller funds dominant — 8% AUM from top-100: 9 of 121 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DNOV?

48% of holders stayed for 2+ years: 58 out of 121 hedge funds have held DNOV 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 Exchng Traded Fd VI (DNOV) following the 2026 Q1 hedge fund 13F filings?

As of today, DNOV has moved +0.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -1.3%. Since the quarter end (March 31, 2026), DNOV has gained +6.6% vs +15.9% 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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