Morgan Stanley
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Morgan Stanley’s Davis Select Financial ETF DFNL Stock Holding History

Morgan Stanley’s Portfolio DFNL Stock Details DFNL Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$38.2M Sell
851,699
-146,461
-15% -$6.91M ﹤0.01% 2368
2025
Q4 		$48.2M Buy
998,160
+50,255
+5% +$2.31M ﹤0.01% 2113
2025
Q3 		$42.9M Buy
947,905
+11,004
+1% +$487K ﹤0.01% 2144
2025
Q2 		$40.2M Sell
936,901
-14,153
-1% -$560K ﹤0.01% 2127
2025
Q1 		$37.4M Buy
951,054
+95,738
+11% +$3.79M ﹤0.01% 2079
2024
Q4 		$32.6M Buy
855,316
+72,046
+9% +$2.81M ﹤0.01% 2256
2024
Q3 		$29M Sell
783,270
-5,763
-0.7% -$203K ﹤0.01% 2419
2024
Q2 		$26.2M Buy
789,033
+34,811
+5% +$1.15M ﹤0.01% 2379
2024
Q1 		$25.1M Sell
754,222
-714,730
-49% -$22.2M ﹤0.01% 2448
2023
Q4 		$44.5M Buy
1,468,952
+706,947
+93% +$19.6M ﹤0.01% 2581
2023
Q3 		$20.4M Buy
762,005
+846
+0.1% +$23.6K ﹤0.01% 2426
2023
Q2 		$20.6M Sell
761,159
-1,113
-0.1% -$29.1K ﹤0.01% 2439
2023
Q1 		$19.8M Sell
762,272
-27,718
-4% -$778K ﹤0.01% 2437
2022
Q4 		$21.4M Buy
789,990
+67,819
+9% +$1.84M ﹤0.01% 2270
2022
Q3 		$17.7M Buy
722,171
+45,312
+7% +$1.21M ﹤0.01% 2322
2022
Q2 		$17.6M Sell
676,859
-105,607
-13% -$2.98M ﹤0.01% 2439
2022
Q1 		$24.2M Buy
782,466
+57,797
+8% +$1.82M ﹤0.01% 1922
2021
Q4 		$22.1M Buy
724,669
+22,429
+3% +$707K ﹤0.01% 2044
2021
Q3 		$21.4M Buy
702,240
+73,071
+12% +$2.21M ﹤0.01% 2020
2021
Q2 		$18.9M Buy
629,169
+44,464
+8% +$1.34M ﹤0.01% 2215
2021
Q1 		$16.4M Sell
584,705
-21,610
-4% -$567K ﹤0.01% 2126
2020
Q4 		$14.5M Buy
606,315
+50,382
+9% +$1.1M ﹤0.01% 2125
2020
Q3 		$10.6M Buy
555,933
+33,052
+6% +$642K ﹤0.01% 1979
2020
Q2 		$9.68M Buy
522,881
+166,131
+47% +$3M ﹤0.01% 1997
2020
Q1 		$5.96M Sell
356,750
-167,111
-32% -$3.77M ﹤0.01% 2282
2019
Q4 		$13.3M Buy
523,861
+26,640
+5% +$660K ﹤0.01% 2088
2019
Q3 		$11.8M Sell
497,221
-1,805
-0.4% -$41.9K ﹤0.01% 1950
2019
Q2 		$11.6M Buy
499,026
+33,818
+7% +$778K ﹤0.01% 1999
2019
Q1 		$10.3M Buy
465,208
+2,140
+0.5% +$47.2K ﹤0.01% 2020
2018
Q4 		$9.49M Buy
463,068
+28,576
+7% +$655K ﹤0.01% 2194
2018
Q3 		$10.7M Buy
434,492
+43,626
+11% +$1.08M ﹤0.01% 2337
2018
Q2 		$9.25M Buy
390,866
+111,269
+40% +$2.68M ﹤0.01% 2464
2018
Q1 		$6.7M Buy
279,597
+97,768
+54% +$2.41M ﹤0.01% 2718
2017
Q4 		$4.36M Buy
181,829
+157,977
+662% +$3.69M ﹤0.01% 3265
2017
Q3 		$539K Buy
+23,852
New +$526K ﹤0.01% 4837

Other funds holding DFNL

DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans Minneapolis, Minnesota $52.5B AUM 27.12% 1-Year Est. Return
LPL Financial
LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
Envestnet Asset Management
Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return
Truist Financial
Truist Financial Charlotte, North Carolina $83.7B AUM 27.22% 1-Year Est. Return
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management Milwaukee, Wisconsin $162B AUM 16.35% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
HighTower Advisors
HighTower Advisors Chicago, Illinois $94.2B AUM 21.24% 1-Year Est. Return
WF
Willow Financial Rogers, Arkansas $98.7M AUM

Morgan Stanley's DFNL Position: Q1 2026 in Review

Morgan Stanley reduced its Davis Select Financial ETF (DFNL) stake by 15% in Q1 2026, selling an estimated $6.91M and leaving 851,699 shares worth $38.2M. The position accounts for ﹤0.01% of the portfolio, ranked #2368.

Morgan Stanley first reported a position in DFNL in Q3 2017 and has held it in 35 quarters since. The position peaked at $48.2M in Q4 2025. 60 funds tracked by Wall St. Rank hold DFNL as of Q1 2026.

  • Morgan Stanley held 851,699 shares of Davis Select Financial ETF worth $38.2M as of Q1 2026.
  • Morgan Stanley sold 146,461 Davis Select Financial ETF shares in Q1 2026, an estimated $6.91M.
  • Davis Select Financial ETF made up ﹤0.01% of Morgan Stanley's portfolio in Q1 2026, its #2368 holding.
  • Morgan Stanley first reported a position in Davis Select Financial ETF in Q3 2017 and has held it in 35 quarters since.
  • Morgan Stanley's Davis Select Financial ETF position peaked at $48.2M in Q4 2025.
  • 60 funds tracked by Wall St. Rank held Davis Select Financial ETF as of Q1 2026.

Based on Morgan Stanley's 13F filing for Q1 2026, filed 15 May 2026.