U.S. Small Cap Portfolio ETF Class Shares
DFAS
787 hedge funds and large institutions have $8.89B invested in U.S. Small Cap Portfolio ETF Class Shares in 2025 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 343 increasing their positions, 232 reducing their positions, and 25 closing their positions.
116% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 25
48% more repeat investments, than reductions
Existing positions increased: 343 | Existing positions reduced: 232
10% more capital invested
Capital invested by funds: $8.06B → $8.89B (+$828M)
2% more funds holding
Funds holding: 773 → 787 (+14)
0% more funds holding in top 10
Funds holding in top 10: 96 → 96 (0)
0.53% less ownership
Funds ownership: 78.95% → 78.41% (-0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$164M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$33.4M |
| 3 |
RFP
Root Financial Partners
Encinitas,
California
|
+$27.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$26.2M |
| 5 |
VT
Vise Technologies
New York
|
+$26.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$57.5M |
| 2 |
MT
Midwest Trust
Overland Park,
Kansas
|
-$38M |
| 3 |
MPWT
MassMutual Private Wealth & Trust
Windsor,
Connecticut
|
-$28M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
-$23.3M |
| 5 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
-$19.9M |
DFAS Hedge Fund Activity: Q3 2025 in Review
787 of the 7,646 institutional investors tracked by Wall St. Rank reported a position in U.S. Small Cap Portfolio ETF Class Shares (DFAS) for Q3 2025, worth a combined $8.89B — up 10% from $8.06B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new DFAS positions and 25 closed out — a net gain of 29 holders — while 343 added to existing stakes and 232 trimmed.
The largest buyer was Creative Planning, adding an estimated $164M. The largest seller was Envestnet Asset Management, cutting an estimated $57.5M.
- 787 institutional investors held U.S. Small Cap Portfolio ETF Class Shares (DFAS) as of Q3 2025, up from 773 in Q2 2025.
- Funds reported $8.89B of U.S. Small Cap Portfolio ETF Class Shares stock for Q3 2025, up 10% quarter-over-quarter.
- 54 funds opened new U.S. Small Cap Portfolio ETF Class Shares positions in Q3 2025 and 25 closed out, a net change of +29 holders.
- The largest U.S. Small Cap Portfolio ETF Class Shares buyer in Q3 2025 was Creative Planning, an estimated $164M added.
- The largest U.S. Small Cap Portfolio ETF Class Shares seller in Q3 2025 was Envestnet Asset Management, an estimated $57.5M sold.
Based on aggregated 13F filings for Q3 2025.