U.S. Small Cap Portfolio ETF Class Shares
DFAS
873 hedge funds and large institutions have $9.89B invested in U.S. Small Cap Portfolio ETF Class Shares in 2025 Q4 according to their latest regulatory filings, with 126 funds opening new positions, 375 increasing their positions, 221 reducing their positions, and 28 closing their positions.
350% more first-time investments, than exits
New positions opened: 126 | Existing positions closed: 28
70% more repeat investments, than reductions
Existing positions increased: 375 | Existing positions reduced: 221
18% more funds holding in top 10
Funds holding in top 10: 96 → 113 (+17)
11% more capital invested
Capital invested by funds: $8.89B → $9.89B (+$1B)
11% more funds holding
Funds holding: 787 → 873 (+86)
3.67% more ownership
Funds ownership: 78.41% → 82.09% (+3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$148M |
| 2 |
VT
Vise Technologies
New York
|
+$59.3M |
| 3 |
RFP
Root Financial Partners
Encinitas,
California
|
+$26.3M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
+$22.8M |
| 5 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$22.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFG
Bouchey Financial Group
Troy,
New York
|
-$22.6M |
| 2 |
FNT
First National Trust
Hermitage,
Pennsylvania
|
-$16.6M |
| 3 |
EW
Enzi Wealth
Austin,
Texas
|
-$7.89M |
| 4 |
FCA
FLC Capital Advisors
Palm Desert,
California
|
-$6.89M |
| 5 |
SC
Savant Capital
Rockford,
Illinois
|
-$6.31M |
DFAS Hedge Fund Activity: Q4 2025 in Review
873 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in U.S. Small Cap Portfolio ETF Class Shares (DFAS) for Q4 2025, worth a combined $9.89B — up 11% from $8.89B a quarter earlier.
Buyers outnumbered sellers: 126 funds opened new DFAS positions and 28 closed out — a net gain of 98 holders — while 375 added to existing stakes and 221 trimmed.
The largest buyer was Creative Planning, adding an estimated $148M. The largest seller was Bouchey Financial Group, cutting an estimated $22.6M.
- 873 institutional investors held U.S. Small Cap Portfolio ETF Class Shares (DFAS) as of Q4 2025, up from 787 in Q3 2025.
- Funds reported $9.89B of U.S. Small Cap Portfolio ETF Class Shares stock for Q4 2025, up 11% quarter-over-quarter.
- 126 funds opened new U.S. Small Cap Portfolio ETF Class Shares positions in Q4 2025 and 28 closed out, a net change of +98 holders.
- The largest U.S. Small Cap Portfolio ETF Class Shares buyer in Q4 2025 was Creative Planning, an estimated $148M added.
- The largest U.S. Small Cap Portfolio ETF Class Shares seller in Q4 2025 was Bouchey Financial Group, an estimated $22.6M sold.
Based on aggregated 13F filings for Q4 2025.