U.S. Core Equity 2 Portfolio ETF Class Shares
DFAC
1,049 hedge funds and large institutions have $29.7B invested in U.S. Core Equity 2 Portfolio ETF Class Shares in 2025 Q3 according to their latest regulatory filings, with 66 funds opening new positions, 409 increasing their positions, 344 reducing their positions, and 22 closing their positions.
200% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 22
19% more repeat investments, than reductions
Existing positions increased: 409 | Existing positions reduced: 344
2% more funds holding
Funds holding: 1,029 → 1,049 (+20)
4% more capital invested
Capital invested by funds: $28.4B → $29.7B (+$1.2B)
2% less funds holding in top 10
Funds holding in top 10: 262 → 258 (-4)
4.08% less ownership
Funds ownership: 81.78% → 77.69% (-4.1%)
48% less call options, than puts
Call options by funds: $401K | Put options by funds: $775K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$174M |
| 2 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$169M |
| 3 |
M1FG
Mach-1 Financial Group
Rogers,
Arkansas
|
+$92.5M |
| 4 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$58M |
| 5 |
Two Sigma Investments
New York
|
+$53.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.57B |
| 2 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
-$164M |
| 3 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
-$156M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
-$106M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$17.8M |
DFAC Hedge Fund Activity: Q3 2025 in Review
1,049 of the 7,647 institutional investors tracked by Wall St. Rank reported a position in U.S. Core Equity 2 Portfolio ETF Class Shares (DFAC) for Q3 2025, worth a combined $29.7B — up 4.2% from $28.4B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new DFAC positions and 22 closed out — a net gain of 44 holders — while 409 added to existing stakes and 344 trimmed.
The largest buyer was Mercer Global Advisors, adding an estimated $174M. The largest seller was Envestnet Asset Management, cutting an estimated $1.57B.
- 1,049 institutional investors held U.S. Core Equity 2 Portfolio ETF Class Shares (DFAC) as of Q3 2025, up from 1,029 in Q2 2025.
- Funds reported $29.7B of U.S. Core Equity 2 Portfolio ETF Class Shares stock for Q3 2025, up 4.2% quarter-over-quarter.
- 66 funds opened new U.S. Core Equity 2 Portfolio ETF Class Shares positions in Q3 2025 and 22 closed out, a net change of +44 holders.
- The largest U.S. Core Equity 2 Portfolio ETF Class Shares buyer in Q3 2025 was Mercer Global Advisors, an estimated $174M added.
- The largest U.S. Core Equity 2 Portfolio ETF Class Shares seller in Q3 2025 was Envestnet Asset Management, an estimated $1.57B sold.
Based on aggregated 13F filings for Q3 2025.