U.S. Targeted Value Portfolio ETF Class Shares
DFAT
732 hedge funds and large institutions have $8.83B invested in U.S. Targeted Value Portfolio ETF Class Shares in 2025 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 280 increasing their positions, 244 reducing their positions, and 26 closing their positions.
100% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 26
15% more repeat investments, than reductions
Existing positions increased: 280 | Existing positions reduced: 244
2% more funds holding
Funds holding: 719 → 732 (+13)
4% more capital invested
Capital invested by funds: $8.51B → $8.83B (+$320M)
2% less funds holding in top 10
Funds holding in top 10: 106 → 104 (-2)
3.39% less ownership
Funds ownership: 79.51% → 76.12% (-3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$27.6M |
| 2 |
Two Sigma Investments
New York
|
+$23M |
| 3 |
FFM
Forum Financial Management
Lombard,
Illinois
|
+$22.8M |
| 4 |
PFA
Pure Financial Advisors
San Diego,
California
|
+$20.4M |
| 5 |
IFA
Index Fund Advisors
Irvine,
California
|
+$19.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
-$79M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$78.4M |
| 3 |
RIM
RW Investment Management
Eagle,
Idaho
|
-$48.3M |
| 4 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
-$27.6M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$16.9M |
DFAT Hedge Fund Activity: Q3 2025 in Review
732 of the 7,646 institutional investors tracked by Wall St. Rank reported a position in U.S. Targeted Value Portfolio ETF Class Shares (DFAT) for Q3 2025, worth a combined $8.83B — up 3.8% from $8.51B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new DFAT positions and 26 closed out — a net gain of 26 holders — while 280 added to existing stakes and 244 trimmed.
The largest buyer was Focus Partners Wealth, adding an estimated $27.6M. The largest seller was Corient Private Wealth, cutting an estimated $79M.
- 732 institutional investors held U.S. Targeted Value Portfolio ETF Class Shares (DFAT) as of Q3 2025, up from 719 in Q2 2025.
- Funds reported $8.83B of U.S. Targeted Value Portfolio ETF Class Shares stock for Q3 2025, up 3.8% quarter-over-quarter.
- 52 funds opened new U.S. Targeted Value Portfolio ETF Class Shares positions in Q3 2025 and 26 closed out, a net change of +26 holders.
- The largest U.S. Targeted Value Portfolio ETF Class Shares buyer in Q3 2025 was Focus Partners Wealth, an estimated $27.6M added.
- The largest U.S. Targeted Value Portfolio ETF Class Shares seller in Q3 2025 was Corient Private Wealth, an estimated $79M sold.
Based on aggregated 13F filings for Q3 2025.