Davis Select Financial ETF
DFNL
25 hedge funds and large institutions have $86.1M invested in Davis Select Financial ETF in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 10 closing their positions.
1.55% less ownership
Funds ownership: 80.83% → 79.27% (-1.6%)
17% less funds holding
Funds holding: 30 → 25 (-5)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
32% less capital invested
Capital invested by funds: $127M → $86.1M (-$40.5M)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$7.9M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$2.15M |
| 3 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$1.24M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$799K |
| 5 |
AIC
Ameritas Investment Company
Lincoln,
Nebraska
|
+$95.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.77M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$885K |
| 3 |
AFM
Andesa Financial Management
Allentown,
Pennsylvania
|
-$799K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$753K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$670K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$753K | -29,563 | Closed |
|
27
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$547K | -21,492 | Closed |
|
28
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$281K | -11,024 | Closed |
|
|
RJFSA
29
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$245K | -9,599 | Closed |
|
|
JWCA
30
J.W. Cole Advisors
Tampa,
Florida
| – | -$227K | -8,900 | Closed |
|
|
WQ
31
Wealth Quarterback
Toms River,
New Jersey
| – | -$168 | -3,444 | Closed |
|
|
CCM
32
Cribstone Capital Management
Augusta,
Maine
| – | -$15K | -600 | Closed |
|
33
Wells Fargo
San Francisco,
California
| – | -$2.75K | -122 | -99% |
|
|
WAP
34
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$3K | -106 | Closed |
|
|
SF
35
Synovus Financial
Columbus,
Georgia
| – | -$1K | -31 | Closed |
|
DFNL Hedge Fund Activity: Q1 2020 in Review
25 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Davis Select Financial ETF (DFNL) for Q1 2020, worth a combined $86.1M — down 32% from $127M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DFNL and 7 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 6 added.
The largest buyer was Brinker Capital Investments, adding an estimated $7.9M. The largest seller was Morgan Stanley, cutting an estimated $3.77M.
- 25 institutional investors held Davis Select Financial ETF (DFNL) as of Q1 2020, down from 30 in Q4 2019.
- Funds reported $86.1M of Davis Select Financial ETF stock for Q1 2020, down 32% quarter-over-quarter.
- 7 funds opened new Davis Select Financial ETF positions in Q1 2020 and 10 closed out, a net change of -3 holders.
- The largest Davis Select Financial ETF buyer in Q1 2020 was Brinker Capital Investments, an estimated $7.9M added.
- The largest Davis Select Financial ETF seller in Q1 2020 was Morgan Stanley, an estimated $3.77M sold.
Based on aggregated 13F filings for Q1 2020.