Davis Select Financial ETF
DFNL
36 hedge funds and large institutions have $113M invested in Davis Select Financial ETF in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 18 reducing their positions, and 5 closing their positions.
2% more capital invested
Capital invested by funds: $111M → $113M (+$1.93M)
1.22% less ownership
Funds ownership: 70.08% → 68.86% (-1.2%)
10% less funds holding
Funds holding: 40 → 36 (-4)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
61% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$1.77M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$480K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$311K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$71.5K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$47.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.16M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$297K |
| 3 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$256K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$213K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$187K |
DFNL Hedge Fund Activity: Q2 2023 in Review
36 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Davis Select Financial ETF (DFNL) for Q2 2023, worth a combined $113M — up 1.7% from $111M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DFNL and 2 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 7 added.
The largest buyer was Mercer Global Advisors, opening a new position worth an estimated $1.77M. The largest seller was Jane Street, cutting an estimated $3.16M.
- 36 institutional investors held Davis Select Financial ETF (DFNL) as of Q2 2023, down from 40 in Q1 2023.
- Funds reported $113M of Davis Select Financial ETF stock for Q2 2023, up 1.7% quarter-over-quarter.
- 2 funds opened new Davis Select Financial ETF positions in Q2 2023 and 5 closed out, a net change of -3 holders.
- The largest Davis Select Financial ETF buyer in Q2 2023 was Mercer Global Advisors, an estimated $1.77M added.
- The largest Davis Select Financial ETF seller in Q2 2023 was Jane Street, an estimated $3.16M sold.
Based on aggregated 13F filings for Q2 2023.