U.S. Small Cap Portfolio ETF Class Shares
DFAS
774 hedge funds and large institutions have $8.07B invested in U.S. Small Cap Portfolio ETF Class Shares in 2025 Q2 according to their latest regulatory filings, with 62 funds opening new positions, 346 increasing their positions, 222 reducing their positions, and 34 closing their positions.
104% more capital inflows, than outflows
Capital inflows: $915M | Capital outflows: $448M
82% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 34
56% more repeat investments, than reductions
Existing positions increased: 346 | Existing positions reduced: 222
2% more funds holding
Funds holding: 758 → 774 (+16)
1% more funds holding in top 10
Funds holding in top 10: 95 → 96 (+1)
0.74% more ownership
Funds ownership: 78.27% → 79.02% (+0.74%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$204M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$50.5M |
| 3 |
Washington Trust Bank
Spokane,
Washington
|
+$47.2M |
| 4 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$23.4M |
| 5 |
Root Financial Partners
Encinitas,
California
|
+$18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alaska Permanent Fund
Juneau,
Alaska
|
-$146M |
| 2 |
FCI
Financial Counselors Inc
Overland Park,
Kansas
|
-$109M |
| 3 |
Great Valley Advisor Group
Wilmington,
Delaware
|
-$40.9M |
| 4 |
DP
Divergent Planning
Bethesda,
Maryland
|
-$7.79M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$7.51M |
DFAS Hedge Fund Activity: Q2 2025 in Review
774 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in U.S. Small Cap Portfolio ETF Class Shares (DFAS) for Q2 2025, worth a combined $8.07B — up 13% from $7.17B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new DFAS positions and 34 closed out — a net gain of 28 holders — while 346 added to existing stakes and 222 trimmed.
The largest buyer was Creative Planning, adding an estimated $204M. The largest seller was Alaska Permanent Fund, exiting entirely with an estimated $146M sold.
- 774 institutional investors held U.S. Small Cap Portfolio ETF Class Shares (DFAS) as of Q2 2025, up from 758 in Q1 2025.
- Funds reported $8.07B of U.S. Small Cap Portfolio ETF Class Shares stock for Q2 2025, up 13% quarter-over-quarter.
- 62 funds opened new U.S. Small Cap Portfolio ETF Class Shares positions in Q2 2025 and 34 closed out, a net change of +28 holders.
- The largest U.S. Small Cap Portfolio ETF Class Shares buyer in Q2 2025 was Creative Planning, an estimated $204M added.
- The largest U.S. Small Cap Portfolio ETF Class Shares seller in Q2 2025 was Alaska Permanent Fund, an estimated $146M sold.
Based on aggregated 13F filings for Q2 2025.