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Davis Select Financial ETF
DFNL

41 hedge funds and large institutions have $156M invested in Davis Select Financial ETF in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

700% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 1

43% more capital invested

Capital invested by funds: $109M → $156M (+$47M)

21% more funds holding

Funds holding: 34 → 41 (+7)

15.52% more ownership

Funds ownership: 68.86% → 84.38% (+16%)

50% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 16

Holders
41
Holders Change
+7
Holders Change %
+20.59%
% of All Funds
0.6%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
8
Increased
8
Reduced
16
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$19.6M
2
BHWA
Beacon Harbor Wealth Advisors
Virginia
+$8.85M
3
HighTower Advisors
HighTower Advisors
Illinois
+$1.19M
4
DSA
Davis Selected Advisers
Arizona
+$718K
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$681K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$446K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$393K
3
LPL Financial
LPL Financial
California
-$363K
4
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$222K
5
Osaic Holdings
Osaic Holdings
Arizona
-$193K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
26
Rockefeller Capital Management
New York
$310K +$285K +10,247 New
RJA
27
Raymond James & Associates
Florida
$307K -$78K -2,809 -22%
GWM
28
Geneos Wealth Management
Colorado
$301K -$56 -2 -0%
DC
29
Davenport & Co
Virginia
$297K -$29K -1,045 -10%
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$291K +$267K +9,619 New
FHA
31
Flagship Harbor Advisors
Massachusetts
$217K +$199K +7,162 New
KSWA
32
Kathleen S. Wright Associates
Pennsylvania
$94.6K – – –
KFI
33
Key Financial Inc
Pennsylvania
$81.9K – – –
Comerica Bank
34
Comerica Bank
Texas
$24.9K +$22.8K +821 New
SPIA
35
Steward Partners Investment Advisory
New York
$21.9K – – –
WIA
36
Wetzel Investment Advisors
Indiana
$14K +$13.1K +470 New
BFEC
37
Benjamin F. Edwards & Company
Missouri
$12K – – –
Wells Fargo
38
Wells Fargo
California
$9.12K +$4.05K +146 +94%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$8.08K – – –
JP Morgan Chase
40
JP Morgan Chase
New York
$938 – – –
Fidelity Investments
41
Fidelity Investments
Massachusetts
$30 +$28 +1 New
Citadel Advisors
42
Citadel Advisors
Florida
– -$446K -16,664 Closed
1
2

DFNL Hedge Fund Activity: Q4 2023 in Review

41 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Davis Select Financial ETF (DFNL) for Q4 2023, worth a combined $156M — up 43% from $109M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new DFNL positions and 1 closed out — a net gain of 7 holders — while 8 added to existing stakes and 16 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $19.6M. The largest seller was Citadel Advisors, exiting entirely with an estimated $446K sold.

  • 41 institutional investors held Davis Select Financial ETF (DFNL) as of Q4 2023, up from 34 in Q3 2023.
  • Funds reported $156M of Davis Select Financial ETF stock for Q4 2023, up 43% quarter-over-quarter.
  • 8 funds opened new Davis Select Financial ETF positions in Q4 2023 and 1 closed out, a net change of +7 holders.
  • The largest Davis Select Financial ETF buyer in Q4 2023 was Morgan Stanley, an estimated $19.6M added.
  • The largest Davis Select Financial ETF seller in Q4 2023 was Citadel Advisors, an estimated $446K sold.

Based on aggregated 13F filings for Q4 2023.