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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$19.6M |
| 2 |
BHWA
Beacon Harbor Wealth Advisors
Virginia Beach,
Virginia
|
+$8.85M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$1.19M |
| 4 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$718K |
| 5 |
Bank of New York Mellon
New York
|
+$681K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$446K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$393K |
| 3 |
LPL Financial
San Diego,
California
|
-$363K |
| 4 |
Mercer Global Advisors
Denver,
Colorado
|
-$222K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$193K |
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.