U.S. Targeted Value Portfolio ETF Class Shares
DFAT
794 hedge funds and large institutions have $9.81B invested in U.S. Targeted Value Portfolio ETF Class Shares in 2025 Q4 according to their latest regulatory filings, with 99 funds opening new positions, 270 increasing their positions, 248 reducing their positions, and 25 closing their positions.
296% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 25
16% more funds holding in top 10
Funds holding in top 10: 104 → 121 (+17)
11% more capital invested
Capital invested by funds: $8.83B → $9.81B (+$986M)
8% more funds holding
Funds holding: 732 → 794 (+62)
5.6% more ownership
Funds ownership: 76.12% → 81.72% (+5.6%)
9% more repeat investments, than reductions
Existing positions increased: 270 | Existing positions reduced: 248
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
+$107M |
| 2 |
SAM
Smartleaf Asset Management
Boston,
Massachusetts
|
+$81.9M |
| 3 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
+$53.7M |
| 4 |
CPA
Capital Performance Advisors
Walnut Creek,
California
|
+$41.5M |
| 5 |
FFM
Forum Financial Management
Lombard,
Illinois
|
+$26.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
-$11.6M |
| 2 |
BTWM
Baker Tilly Wealth Management
Madison,
Wisconsin
|
-$10.3M |
| 3 |
Two Sigma Investments
New York
|
-$9.29M |
| 4 |
AWM
Activest Wealth Management
Aventure,
Florida
|
-$8.37M |
| 5 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$5.87M |
DFAT Hedge Fund Activity: Q4 2025 in Review
794 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in U.S. Targeted Value Portfolio ETF Class Shares (DFAT) for Q4 2025, worth a combined $9.81B — up 11% from $8.83B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new DFAT positions and 25 closed out — a net gain of 74 holders — while 270 added to existing stakes and 248 trimmed.
The largest buyer was Corient Private Wealth, adding an estimated $107M. The largest seller was Creative Planning, cutting an estimated $11.6M.
- 794 institutional investors held U.S. Targeted Value Portfolio ETF Class Shares (DFAT) as of Q4 2025, up from 732 in Q3 2025.
- Funds reported $9.81B of U.S. Targeted Value Portfolio ETF Class Shares stock for Q4 2025, up 11% quarter-over-quarter.
- 99 funds opened new U.S. Targeted Value Portfolio ETF Class Shares positions in Q4 2025 and 25 closed out, a net change of +74 holders.
- The largest U.S. Targeted Value Portfolio ETF Class Shares buyer in Q4 2025 was Corient Private Wealth, an estimated $107M added.
- The largest U.S. Targeted Value Portfolio ETF Class Shares seller in Q4 2025 was Creative Planning, an estimated $11.6M sold.
Based on aggregated 13F filings for Q4 2025.