U.S. Small Cap Portfolio ETF Class Shares
DFAS
916 hedge funds and large institutions have $12.7B invested in U.S. Small Cap Portfolio ETF Class Shares in 2026 Q2 according to their latest regulatory filings, with 67 funds opening new positions, 407 increasing their positions, 281 reducing their positions, and 31 closing their positions.
116% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 31
45% more repeat investments, than reductions
Existing positions increased: 407 | Existing positions reduced: 281
21% more capital invested
Capital invested by funds: $10.5B → $12.7B (+$2.18B)
4% more funds holding in top 10
Funds holding in top 10: 111 → 115 (+4)
2% more funds holding
Funds holding: 894 → 916 (+22)
1.05% more ownership
Funds ownership: 82.66% → 83.71% (+1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$123M |
| 2 |
VT
Vise Technologies
New York
|
+$75.9M |
| 3 |
RFP
Root Financial Partners
Encinitas,
California
|
+$57.6M |
| 4 |
AssetMark Inc
Concord,
California
|
+$27.6M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$19.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCAS
First Command Advisory Services
Fort Worth,
Texas
|
-$15.9M |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$13.2M |
| 3 |
MHS
M Holdings Securities
Portland,
Oregon
|
-$10.3M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
-$7.85M |
| 5 |
KWM
KMT Wealth Management
El Segundo,
California
|
-$6.43M |
DFAS Hedge Fund Activity: Q2 2026 in Review
916 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in U.S. Small Cap Portfolio ETF Class Shares (DFAS) for Q2 2026, worth a combined $12.7B — up 21% from $10.5B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new DFAS positions and 31 closed out — a net gain of 36 holders — while 407 added to existing stakes and 281 trimmed.
The largest buyer was Creative Planning, adding an estimated $123M. The largest seller was First Command Advisory Services, cutting an estimated $15.9M.
- 916 institutional investors held U.S. Small Cap Portfolio ETF Class Shares (DFAS) as of Q2 2026, up from 894 in Q1 2026.
- Funds reported $12.7B of U.S. Small Cap Portfolio ETF Class Shares stock for Q2 2026, up 21% quarter-over-quarter.
- 67 funds opened new U.S. Small Cap Portfolio ETF Class Shares positions in Q2 2026 and 31 closed out, a net change of +36 holders.
- The largest U.S. Small Cap Portfolio ETF Class Shares buyer in Q2 2026 was Creative Planning, an estimated $123M added.
- The largest U.S. Small Cap Portfolio ETF Class Shares seller in Q2 2026 was First Command Advisory Services, an estimated $15.9M sold.
Based on aggregated 13F filings for Q2 2026.