Davis Select Financial ETF
DFNL
21 hedge funds and large institutions have $102M invested in Davis Select Financial ETF in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 6 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
6% more capital invested
Capital invested by funds: $96M → $102M (+$6.07M)
1.43% more ownership
Funds ownership: 77.39% → 78.82% (+1.4%)
16% less funds holding
Funds holding: 25 → 21 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFM
Andesa Financial Management
Allentown,
Pennsylvania
|
+$1.87M |
| 2 |
Jane Street
New York
|
+$1.18M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.1M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$774K |
| 5 |
Morgan Stanley
New York
|
+$642K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$1.94M |
| 2 |
AFG
Arkansas Financial Group
Little Rock,
Arkansas
|
-$378K |
| 3 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$232K |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$219K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$140K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| – | -$5K | -269 | Closed |
|
27
Wells Fargo
San Francisco,
California
| – | -$19 | -1 | Closed |
|
DFNL Hedge Fund Activity: Q3 2020 in Review
21 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Davis Select Financial ETF (DFNL) for Q3 2020, worth a combined $102M — up 6.3% from $96M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DFNL and 2 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 8 added.
The largest buyer was Andesa Financial Management, adding an estimated $1.87M. The largest seller was Brinker Capital Investments, cutting an estimated $1.94M.
- 21 institutional investors held Davis Select Financial ETF (DFNL) as of Q3 2020, down from 25 in Q2 2020.
- Funds reported $102M of Davis Select Financial ETF stock for Q3 2020, up 6.3% quarter-over-quarter.
- 2 funds opened new Davis Select Financial ETF positions in Q3 2020 and 6 closed out, a net change of -4 holders.
- The largest Davis Select Financial ETF buyer in Q3 2020 was Andesa Financial Management, an estimated $1.87M added.
- The largest Davis Select Financial ETF seller in Q3 2020 was Brinker Capital Investments, an estimated $1.94M sold.
Based on aggregated 13F filings for Q3 2020.