U.S. Targeted Value Portfolio ETF Class Shares
DFAT
823 hedge funds and large institutions have $10.4B invested in U.S. Targeted Value Portfolio ETF Class Shares in 2026 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 302 increasing their positions, 267 reducing their positions, and 25 closing their positions.
172% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 25
13% more repeat investments, than reductions
Existing positions increased: 302 | Existing positions reduced: 267
6% more capital invested
Capital invested by funds: $9.81B → $10.4B (+$598M)
6% more funds holding in top 10
Funds holding in top 10: 121 → 128 (+7)
4% more funds holding
Funds holding: 794 → 823 (+29)
0.33% more ownership
Funds ownership: 81.72% → 82.05% (+0.33%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Apella Capital
West Hartford,
Connecticut
|
+$30.7M |
| 2 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
+$26.8M |
| 3 |
EFP
Elser Financial Planning
Indianapolis,
Indiana
|
+$23.5M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$17.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$14.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$59.3M |
| 2 |
HNWA
Henrickson Nauta Wealth Advisors
Belmont,
Michigan
|
-$21.5M |
| 3 |
MWM
McMill Wealth Management
Norfolk,
Nebraska
|
-$16.6M |
| 4 |
Two Sigma Investments
New York
|
-$14.5M |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$11.8M |
DFAT Hedge Fund Activity: Q1 2026 in Review
823 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in U.S. Targeted Value Portfolio ETF Class Shares (DFAT) for Q1 2026, worth a combined $10.4B — up 6.1% from $9.81B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new DFAT positions and 25 closed out — a net gain of 43 holders — while 302 added to existing stakes and 267 trimmed.
The largest buyer was Apella Capital, adding an estimated $30.7M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $59.3M.
- 823 institutional investors held U.S. Targeted Value Portfolio ETF Class Shares (DFAT) as of Q1 2026, up from 794 in Q4 2025.
- Funds reported $10.4B of U.S. Targeted Value Portfolio ETF Class Shares stock for Q1 2026, up 6.1% quarter-over-quarter.
- 68 funds opened new U.S. Targeted Value Portfolio ETF Class Shares positions in Q1 2026 and 25 closed out, a net change of +43 holders.
- The largest U.S. Targeted Value Portfolio ETF Class Shares buyer in Q1 2026 was Apella Capital, an estimated $30.7M added.
- The largest U.S. Targeted Value Portfolio ETF Class Shares seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $59.3M sold.
Based on aggregated 13F filings for Q1 2026.