The Advisors' Inner Circle Fund III Democratic Large Cap Core ETF
DEMZ
23 hedge funds and large institutions have $10.8M invested in The Advisors' Inner Circle Fund III Democratic Large Cap Core ETF in 2026 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 5 closing their positions.
2% more capital inflows, than outflows
Capital inflows: $1.78M | Capital outflows: $1.75M
2.41% less ownership
Funds ownership: 22.14% → 19.74% (-2.4%)
8% less funds holding
Funds holding: 25 → 23 (-2)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Reflection Asset Management
Isle Of Palms,
South Carolina
|
+$765K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$572K |
| 3 |
Harbour Investments
Madison,
Wisconsin
|
+$239K |
| 4 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
+$187K |
| 5 |
Advisornet Financial
Minnetonka,
Minnesota
|
+$8.78K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$850K |
| 2 |
Brandywine Financial Group
Thompsons Station,
Tennessee
|
-$241K |
| 3 |
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$205K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$203K |
| 5 |
Two Sigma Investments
New York
|
-$144K |
DEMZ Hedge Fund Activity: Q1 2026 in Review
23 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in The Advisors' Inner Circle Fund III Democratic Large Cap Core ETF (DEMZ) for Q1 2026, worth a combined $10.8M — down 5.1% from $11.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DEMZ and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 7 added.
The largest buyer was Reflection Asset Management, opening a new position worth an estimated $765K. The largest seller was Osaic Holdings, cutting an estimated $850K.
- 23 institutional investors held The Advisors' Inner Circle Fund III Democratic Large Cap Core ETF (DEMZ) as of Q1 2026, down from 25 in Q4 2025.
- Funds reported $10.8M of The Advisors' Inner Circle Fund III Democratic Large Cap Core ETF stock for Q1 2026, down 5.1% quarter-over-quarter.
- 3 funds opened new The Advisors' Inner Circle Fund III Democratic Large Cap Core ETF positions in Q1 2026 and 5 closed out, a net change of -2 holders.
- The largest The Advisors' Inner Circle Fund III Democratic Large Cap Core ETF buyer in Q1 2026 was Reflection Asset Management, an estimated $765K added.
- The largest The Advisors' Inner Circle Fund III Democratic Large Cap Core ETF seller in Q1 2026 was Osaic Holdings, an estimated $850K sold.
Based on aggregated 13F filings for Q1 2026.