Davis Select Financial ETF
DFNL
41 hedge funds and large institutions have $133M invested in Davis Select Financial ETF in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 17 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
23% more capital invested
Capital invested by funds: $109M → $133M (+$24.8M)
21% more funds holding
Funds holding: 34 → 41 (+7)
3.48% more ownership
Funds ownership: 68.86% → 72.34% (+3.5%)
59% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BHWA
Beacon Harbor Wealth Advisors
Virginia Beach,
Virginia
|
+$8.85M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$1.19M |
| 3 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$718K |
| 4 |
Bank of New York Mellon
New York
|
+$681K |
| 5 |
Jane Street
New York
|
+$335K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$764K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$446K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$393K |
| 4 |
LPL Financial
San Diego,
California
|
-$363K |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
-$222K |
DFNL Hedge Fund Activity: Q4 2023 in Review
41 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Davis Select Financial ETF (DFNL) for Q4 2023, worth a combined $133M — up 23% 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 7 added to existing stakes and 17 trimmed.
The largest buyer was Beacon Harbor Wealth Advisors, opening a new position worth an estimated $8.85M. The largest seller was Morgan Stanley, cutting an estimated $764K.
- 41 institutional investors held Davis Select Financial ETF (DFNL) as of Q4 2023, up from 34 in Q3 2023.
- Funds reported $133M of Davis Select Financial ETF stock for Q4 2023, up 23% 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 Beacon Harbor Wealth Advisors, an estimated $8.85M added.
- The largest Davis Select Financial ETF seller in Q4 2023 was Morgan Stanley, an estimated $764K sold.
Based on aggregated 13F filings for Q4 2023.