Davis Select Financial ETF
DFNL
40 hedge funds and large institutions have $109M invested in Davis Select Financial ETF in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 18 reducing their positions, and 4 closing their positions.
1.43% more ownership
Funds ownership: 68.65% → 70.08% (+1.4%)
7% less funds holding
Funds holding: 43 → 40 (-3)
8% less capital invested
Capital invested by funds: $118M → $109M (-$9.05M)
22% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 18
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$898K |
| 2 |
AFM
Andesa Financial Management
Allentown,
Pennsylvania
|
+$898K |
| 3 |
Jane Street
New York
|
+$813K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$795K |
| 5 |
LPL Financial
San Diego,
California
|
+$377K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
-$3.13M |
| 2 |
Morgan Stanley
New York
|
-$778K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$274K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$182K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$110K |
DFNL Hedge Fund Activity: Q1 2023 in Review
40 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Davis Select Financial ETF (DFNL) for Q1 2023, worth a combined $109M — down 7.7% from $118M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of DFNL and 2 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 14 added.
The largest buyer was Davis Selected Advisers, adding an estimated $898K. The largest seller was Truist Financial, exiting entirely with an estimated $3.13M sold.
- 40 institutional investors held Davis Select Financial ETF (DFNL) as of Q1 2023, down from 43 in Q4 2022.
- Funds reported $109M of Davis Select Financial ETF stock for Q1 2023, down 7.7% quarter-over-quarter.
- 2 funds opened new Davis Select Financial ETF positions in Q1 2023 and 4 closed out, a net change of -2 holders.
- The largest Davis Select Financial ETF buyer in Q1 2023 was Davis Selected Advisers, an estimated $898K added.
- The largest Davis Select Financial ETF seller in Q1 2023 was Truist Financial, an estimated $3.13M sold.
Based on aggregated 13F filings for Q1 2023.